Eenergy Share Discussion Threads

[cameronrtd] 01/5/2024 09:51

Agreed. Despite buying in again recently at 6.5, I couldn't be happier to see the price dip to 5.8. I checked the results, saw that everything was in line with expectations (no new information, in other words) and doubled my holding at an average price of 5.95. As an investor, it's difficult not to lament a price dip, but as someone with money spare, I relish at the opportunity to buy more. Yesterday was just another buying opportunity. Whenever I see the market responding negatively to good news, I'm rubbing my hands together. I like to think about it the way Benjamin Graham put it. When the share price falls, that's risk being removed. In other words, any previously held optimism is being sold away and you are left with just the valuation arrived at by looking at the fundamentals, minus a discount factor reflecting investor lack of confidence. EAAS has a history of making great investments and now, with a strong balance sheet, I see it delivering more high returns. With better financing options, they will be able to scale up to higher value projects. I don't see the latest large contract win shortly after the receipt of £29m and new credit facility as a coincidence. I see it as a turning point regarding the size of the deals we can expect from the company, which should be an exciting prospect for even a cautious investor.

[parsons4] 01/5/2024 08:28

Yes a good update by Simon Thompson. This company is well under-valued imho

[everton448] 01/5/2024 08:16

Plenty of buyers this morning.

[pcok] 30/4/2024 11:50

Agreed a disappointing market reaction. I suspect they focused on the reduced headline profit. The company were at pains to point out this was due to the stretched availability of finance for new projects at the time and the general slowdown in commitments due the general belt tightening environment last year.So where are we now. All debts cleared. Cash positive. A 40m loan facility agreed to allowing scale up to bid for multi site contracts with bigger organisations. The order pipeline accelerating and looking to outperform in H2 24. Great time to buy for a genuine investor.All IMHO

[lee181067] 30/4/2024 09:33

Thank you for your post

[lee181067] 30/4/2024 09:18

Well I thought fairly decent results but clearly market doesn't like it .....not sure if this company will move very much as constantly refers to 13p share price as a fair marker but never got near it

[robsy2] 30/4/2024 08:05

looks ok going forwards.

[edmonda] 30/4/2024 07:31

"Balance sheet transformed, pipeline building" (new research report)

eEnergy’s FY23 results are in line with expectations, having been well flagged in the March update. Recent months have seen the balance sheet transformed by the disposal of Energy Management and growth capacity materially enhanced by a £40m project funding facility with NatWest.

H1’24 results are likely to be softer than expected but last week’s c. £5.2m contract win with Spire Healthcare – one of the Group’s largest to date – gives us confidence in pipeline conversion and a meaningful step-up in revenue and profitability from H2.

eEnergy is now well capitalised, with an excellent track record of growth (three-year CAGR of 58% within Energy Services). We expect this to continue, driven by an ambitious management team with a focused strategy to capitalise on a highly attractive market with significant scale.

Our Fair Value estimate of 13p per share represents an EV/EBITDA rating of c.8.5x our FY26 forecast. This is in line with the current FY1 EV/EBITDA rating of the peer group. Note that our forecasts do not include the potential benefit of deferred consideration from the EM disposal, which management estimates at between £8m and £10m over the next two years.

Link to report:

[pcok] 26/4/2024 12:39

Results Monday or Tuesday. Fingers crossed for a solid base to build from and some indication of positive future growth.

[shareideas1] 24/4/2024 13:44

Seems like seller out of the way finally and wouldn't bet against it matching higher into results

[pcok] 24/4/2024 13:43

Some buying going on. Are we about to make a move I wonder.

[pcok] 22/4/2024 11:51

Market cap still only 23.1 million. Growing company with 0 debt. Needs a rerate.

[clodgy view] 22/4/2024 08:49

After nearly 2 months with no news I expected a decent tick up on this
They should publish results anytime soon, hopefully that may push them up.

[barnes4] 22/4/2024 08:23

Even the stalwart inch hi private i’s are sick of getting fleeced

[barnes4] 22/4/2024 08:14

Spike even tinier than I had imagined
I am afraid the uk markets are no longer investable there is no money coming into them which is why there are so many high yields about

[teamrilex] 22/4/2024 07:48

...but we like it! ;-)

[barnes4] 22/4/2024 07:43

Just no pi interest in uk markets any longer all brought on by city slickers
I expect a spike and then a phat drop over the coming days

[pcok] 22/4/2024 07:07

Marvellous.

[shareideas1] 22/4/2024 07:02

Major contract win

[barnes4] 12/4/2024 12:25

Awful outfit

[pcok] 12/4/2024 12:06

Topped up. Cash position sorted plus ongoing loan facility plus opportunities to exploit. I feel it is time to be brave.