Eenergy Share Discussion Threads

[everton448] 03/4/2024 13:21

Back below where we were on March 1st

[pcok] 26/3/2024 12:09

The thought had crossed my mind but for now good they are supportive partners in this growing sector.

[daveme] 26/3/2024 10:55

Interesting comments in the results of Luceco today. Note, Luceco is a 5% investor in EAAS.

In the Outlook section, the CEO says "... the Group is exceedingly well placed for growth through organic and further M&A activity in 2024 ..." and further down in the results it says "As the economy decarbonises it (EAAS) is well positioned to become an increasingly relevant channel in the non‑residential segment, and we look forward to supporting the growth of eEnergy and exploring the potential for increased co‑operation between our businesses".

I wonder if that "co-operation" involves Luceco snapping up EAAS before it gets too big to buy.

[shareideas1] 22/3/2024 11:31

Maybe we are finally going to see a contract or two as discussed earlier in the month and said to be imminent

[shareideas1] 22/3/2024 11:30

Certainly a lot of buyers about

[everton448] 22/3/2024 10:54

A little bit of interest today

[gist328] 20/3/2024 16:05

Thanks , let's hope so

[gist328] 20/3/2024 15:21

What is YU ?

[weatherman] 20/3/2024 14:59

Is Eenergy possibly the next YU?

[lee181067] 20/3/2024 14:33

What is going on with energy.. share price dropping again back to old levels ....been holding for 3 yrs now but feels that movement is slow ....

[toby hall] 13/3/2024 16:43

UT for 1 share .. brilliant

[edmonda] 08/3/2024 16:04

eEnergy - Investor Presentation video presentation - recording now available

Link here:

We hosted an Investor Presentation with eEnergy. Harvey Sinclair (Chief Executive Officer) and Crispin Goldsmith (Chief Financial Officer) provided viewers with an update following the disposal of the Energy Management division.

The team discussed their simplified business model, the strengthened balance sheet, and details of the new £40m facility with NatWest to provide firepower to enhance growth and increase their recurring income stream. Management also answered a range of questions from the viewing audience.

The full video has been divided into chapters as below:
0:00:03 Introduction & summary of key points
0:03:09 Energy Management Division sale
0:05:20 New, simplified eEnergy business model
0:09:00 Market landscape
0:12:33 Balance sheet transformed to fund growth
0:13:49 £40m NatWest facility overview
0:15:36 Operational gearing driving margin improvements
0:16:17 Moving forward
0:19:10 Questions & Answers

[sev22] 08/3/2024 08:29

A smart energy firm that could double its revenue.

A company that designs energy-efficient projects has secured funding that should drive profits higher.

March 5, 2024
by Simon Thompson

*New £40mn project funding banking facility
*Strong growth forecast

Technology-enabled energy services provider eEnergy (EAAS: 7.2p) has secured a £40mn project funding facility with NatWest over 12 years.

The group helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects. The new facility will be deployed through a newly formed special purpose vehicle owned by eEnergy, which will become the operator and retain ownership in each completed project for public organisations. It gives eEnergy a unique, compliant off-balance-sheet solution for public sector customers, strengthens its competitive position in tendering for large multi-site contracts, lowers cost of capital, and delivers an attractive financial return on the retained project interests.

It’s a high-growth business. Analysts at Equity Development forecast a surge in eEnergy’s annualised revenue from £17.5mn (2023) to £30mn (2024), rising to £34mn in 2025. On this basis, expect cash profit (pre-central overheads) of £1.6mn (2023), £3.8mn (2024) and £5.1mn (2025). The transition away from ageing fluorescent light bulbs to energy-efficient LEDs is a key driver and one that is being accelerated by the 2023 ban on new fluorescent light bulbs. Analysts note that up to 20,000 schools have yet to implement the change, representing an addressable market of £1bn. The business is also benefiting from the rapid growth of eSolar projects, which account for 40 per cent of group revenue.

Last month, eEnergy sold its fast-growing energy management business to Flogas, a division of support services group DCC (DCC), and should end this year with net cash of £11.3mn. In addition, contingent deferred consideration (payable in two instalments) could add £10mn (capped at £20mn) to the cash pile within 18 months. Effectively, it means the operational business is in the price for £6.9mn as a standalone entity, or 1.8 times 2024 cash profit estimates (pre-central overheads). That’s harsh given that the energy management division was sold on a multiple of 6.5 to 8.5 times forecast 2024 cash profit to enterprise valuation.

I suggested buying the shares at the current price in my 2024 Bargain Shares Portfolio, and they continue to rate great value on a deep discount to my sum-of the-parts valuation (14.5-15p). BUY.

[pcok] 07/3/2024 11:39

Good presentation. Think Harvey must be a bit sad to see all the dark arts tec be sold on but great price and turbo charges the opportunities and clears funding restraints towards 2030 and net zero deadline. They also have kept access to the software for 2 years as part of the deal. Good growth story here if they get stuck in and build the brand which they have an excellent track record on.I am a buyer.

[barnes4] 07/3/2024 11:23

Well that went well

[robsy2] 07/3/2024 10:48

Can’t attend. I’ll listen later.

[babbler] 07/3/2024 10:33

Meeting in 30 mins.

[barnes4] 06/3/2024 09:52

Rinse and repeat

I bet the mm’s love these tips 😂

[edmonda] 04/3/2024 07:44

"New £40m facility to drive growth in Energy Services"

New research report available here:

eEnergy has announced (1st March) a new £40m project funding facility, which will support the Group’s public sector customers with their energy transition projects over coming years. It is an innovative arrangement, which will see eEnergy retain an interest in the economics of each completed project, enhancing margins and driving growth in Energy Services revenue.

A brief year-end trading update indicated that trading in the 6-months to Dec ‘23 was impacted by balance sheet constraints (prior to the c.£30m disposal of the Energy Management division). This had already been signalled in January and we update our forecasts accordingly.

The disposal of Energy Management leaves the Group in a strong net cash position and wholly focused on its high growth Energy Services business. Our confidence in growth prospects is strengthened by the new project funding facility. We therefore reiterate our Fair Value/ Share estimate of 13p, before factoring in potential contingent consideration from the Energy Management disposal, which could be material (£8m to £10m on management estimates).

[parsons4] 01/3/2024 15:13

All good news is met by a rise then profit-taking. After all these have come up from 5p only 3 months ago. There are loads of short-termers playing with the AIM market nowadays. But this is now a very serious company with plenty of finance in a hot market dealing with the public sector. They must be worth double the current value imho !!

[babbler] 01/3/2024 13:37

You are missing that this is the UK and people like giving their shares away cheaply or even at a loss within 20 mins of buying. Hopefully Dr cool will add some more here today and RNS on Monday. Why sell when they have literally just said things are turning around and no placing will be needed...

[beatme1] 01/3/2024 13:31

Morning rampers have long gone

[shareideas1] 01/3/2024 13:14

Stock is up 15-20%... a decent one day move... consolidate it and move up again... it's a long game not a one day thing...