Eenergy Share Discussion Threads

[toby hall] 07/12/2023 16:01

Lee, scroll up to "latest follow feed events" just below the charts.
probably due to the spike up at 13.00
plenty of decent buys still coming in, the last few weeks, share price yet to react.

[lee181067] 07/12/2023 15:14

Can i just ask what a brwak out alert is ?

[toby hall] 07/12/2023 15:00

SMS was up 42.85% on that news.
meanwhile,
ADVFN today reports that EAAS triggered a breakout alert.

[soc3] 07/12/2023 14:18

https://www.aol.co.uk/money/private-equity-giant-kkr-snap-114257443.html

[toby hall] 15/11/2023 08:51

some decent buys going through below the mid
yesterday afternoon 400,000 x 2, today 225000
and plenty of smaller ones too
......
edit 14.42 .. solid buys at 5.15p still rolling in. tick up overdue
...........
Update 21 Nov @14.45 ... steady buying continues ... share price in an apparent coma
.....................................................................

I'm expecting a very decent RNS before the AGM .. Thursday 14 December 2023

[mikejoseph] 11/11/2023 18:24

Equity Development | Fair Value 13p

8th November 2023
Andy Edmond | Hannah Crowe

"Strategic developments highlight valuation anomaly.

eEnergy has announced a strategic investment from Luceco plc, whereby Luceco will invest £1.75m via a subscription for new ordinary shares at 5p per share, a 25% premium to yesterday’s closing price. Luceco is a significant supply partner to eEnergy’s eLight business (part of its Energy Services division). The investment looks strategically sensible, strengthening this longstanding relationship, as well as eEnergy’s balance sheet. Additionally, the Board is exploring the potential disposal of the Energy Management division.

After receiving a number of indicative cash offers, which valued the division at >£30m, the Board has entered into a period of exclusivity with one of the interested parties. Irrespective of the outcome of this process, we feel that these developments shine a light on the underlying value of the Group, which, in our view, is not reflected in a current market cap of just £15m."

DYOR

[grampsyrabit] 09/11/2023 08:34

That was the price in Jan 2022 where it should have stayed

[aishah] 09/11/2023 08:07

Equity Development puts fair value at 13p

[mikejoseph] 08/11/2023 19:22

Closed today at 5.75p reflecting a Market Cap of £20m.

If the Energy Management division represents 30% of the value of eEnergy and they sell it for £30m then the value of eEnergy is ~£90m (£30m being cash on the balance sheet).

£90m Market Cap is a Share Price of 4.5x 5.75p = ~26p

DYOR

[babbler] 08/11/2023 16:41

Because they would need to offer a lot more to get it through shareholders. Just because market is valuing it at 5p doesn't mean it's not worth more ;)

[hatfullofsky] 08/11/2023 16:31

Why would somebody buy a division for 30m when they could buy the company for the same ? (On a 50% premium)

[warrenbuffet73] 08/11/2023 16:21

Indeed, I might be.

Leaves plenty of upside here

Announcement on division sale this or next week def worth waiting for. I wonder how high share price will go then.

A gradual rise in share price each day over next few days I think

[gswredland] 08/11/2023 16:02

Bids are coming in at silly prices in this market and accepted

[babbler] 08/11/2023 14:33

£30m is 7.8p. Plus what's left after the sale. You might be under valuing it a little...

[warrenbuffet73] 08/11/2023 14:12

The Luceco investment alone values e-energy at £20m (£1.9m for 9%) without the £30+ million from sale of energy management division. They wouldn’t be in exclusive talks with someone without a serious bid on the table. The last exclusive talks scenario I recall is Currys disposal of Kotsolovis which was shared a week before disposal confirmed.

This time next week, I calculate at £30m share price should be 8.7pence.

If we sell for £35m could be 10-11p

Investment is a no brainer

Remember the reasons why share price fell a year ago…debt paid at silly interest rate, due to be repaid in Jan 2024 I recall. People were worried about us having to raise cash or go under.

This is no longer an issue

[pugugly] 08/11/2023 13:42

SP falling back - Bid now 5.3p -
Recent bottom fishers taking short term profits?
Long term suckers who followed Midas cutting losses on bounce?
Sceptics who have no confidence of mooted sale price running for certainty - "A bird in the hand is worth 2 or more in the bush"

[toby hall] 08/11/2023 08:30

sounds like a few got caught short.
a real shame that

[babbler] 08/11/2023 08:20

Yup. Early days..pull it off and it goes much higher. Don't and it crashes back to 5p.

[mortlolc] 08/11/2023 08:18

While discussions are at an advanced stage, there is no guarantee they will lead to a transaction or as to the final terms of any such transaction.

[robsy2] 08/11/2023 08:05

had to pay 6.13p for some more just now.

[bubloo] 08/11/2023 08:01

I very much doubt valuation of Energy management division of 30 million. Please be careful not to be sucked into buying this morning. wait and watch is the name of game with this one.

[brucethegoldfish] 08/11/2023 07:57

Tested 7p recently, which would still be below the potential £30m+ offer for the Energy Management division.

Energy Services division given growth and investment could be worth another £30-40m.

There is the potential for 10p+ here in the short term depending on outcomes. However, I don’t quite get why felt the need to do the deal with Luceco at this point given the potential sale of the EMD and proceeds that would bring to support working capital and investment in the ESD.

[robsy2] 08/11/2023 07:44

Wow! This is a game changer. If they sell the Energy Management division for 30m GBP, then that is a big deal for a company with a MCap of 14m.
If the deal goes through,it would leave us with the fast growing,non-capital constained Energy Services business which had sales of 20m and EBITDA of 2.3m GBP for the last 12 months.
The share price will pop today.