Share Name Share Symbol Market Type Share ISIN Share Description
Eenergy Group Plc LSE:EAAS London Ordinary Share GB00BJP1KD31 ORD 0.3P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 8.35 133,832 08:00:00
Bid Price Offer Price High Price Low Price Open Price
8.20 8.50 8.35 8.35 8.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 13.60 -0.18 0.01 835.0 29
Last Trade Time Trade Type Trade Size Trade Price Currency
15:04:21 O 167 8.3635 GBX

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27/6/202206:42eEnergy Group PLC345

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Eenergy Daily Update: Eenergy Group Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker EAAS. The last closing price for Eenergy was 8.35p.
Eenergy Group Plc has a 4 week average price of 7.30p and a 12 week average price of 6.75p.
The 1 year high share price is 21.50p while the 1 year low share price is currently 6.75p.
There are currently 346,779,959 shares in issue and the average daily traded volume is 965,225 shares. The market capitalisation of Eenergy Group Plc is £28,956,126.58.
r0hini: Justin ain't to be trusted. He supposedly has no money to average down in his conviction holds but tells everyone else they need too then he buys new positions in SAL & EAAS. Anyone following his advice over last couple years as lost a fortune.Profit warnings usually come in 3's is all I will say. Stay clear of this one
happydays6: Eenergy webinar with share magazine
padherf: Nice issue price for the new shares in today's RNS. All good news imho
pcok: I still believe this is a good and green business with a future. I have bought more today at what I hope is a bargain price.
smackeraim: Worth looking stateside, Chargepoint has a $5bn m/c and seen revenue growth of 65% in 12 months. Network is only just over ~ 2x the EAAS / EO planned charging network. No faulty calculator needed. EO floating in SPAC merger at over $600m on a current 50k charging point network. That's the same amount planned with us.. tick tock.. wait until they start announcing first charging points being installed etc
the deacon: I've bought a few more today. What EAAS are building is almost a mini Equans (formerly part of Engie). Huge addressable market that the bigger players aren't looking at. This one needs a longer term view, but I like what Harvey and team are building here
livewireplus: Indeed as the latest RNS has yet to do anything to the share price despite it presently being at a one year low ...
eyesofblue: eEnergy Group plc (AIM: EAAS), the digital energy services company, is pleased to announce its interim results for the six months ended 31 December 2021. Financial Highlights for the six months ended 31 December 2021: · Revenue for the enlarged Group up 42% to £9.6 million (H1 FY21: £6.8 million). · Energy Management revenue increased to £4.8 million (H1 FY21: £0.2 million) through underlying annualised growth of 25%, the inclusion of Beond for the full period and the acquisition of UtilityTeam in September 2021. · Energy Efficiency revenue of £4.8 million was stable with H2 FY21 but down 28% on H1 FY21 (£6.6 million), primarily as a result of the catch up effect in H1 FY21 of projects delayed from the first Covid lockdown. · Group gross margin increased in the period to 57.6 % (H1 FY21: 38.2%) due to the change in sales mix towards Energy Management. · Adjusted EBITDA(1) up 117% to £0.8 million (H1 FY21: £0.4 million). · Profit before exceptional items(2) of £0.2 million (H1 FY21 £0.1 million). · Cash at bank £2.6 million (30 June 2021: £3.3 million) and net debt (including IFRS 16 lease liabilities) of £1.1 million (30 June 2021: net cash £0.8 million).
robsy2: I liked the presentation and have been buying. Started buying at 6.11 and ended up paying 7.85p for the last lot. This looks like a very bullish story. Here is my take on it. I think investors could get very excited about its prospects as the business develops. News flow will be quite positive over the next 12 months . This will hopefully spur a revaluation. As they grow, margins should increase from 30% now to 40% and beyond. They have an experienced management team who look very credible. Encouragingly ,the senior management team have a lot of skin in the game. The customers they are targeting and selling to ( schools primarily but also others) are financially reliable and do not seem to be hugely affected by COVID. They are capturing clients and have acquired their main competitor ( RSL) in a fragmented market . The integration has gone well and is already profit accretive. They plan to add other services like eHeat to their existing customer base. They are proving concept on eHeat now with a client and have high hopes. That could also go well. They have a clear run at a large addressable market. The CEO describes it as “ a very interesting time”. I agree. BEAR POINTS • It is a tiny company with big plans and a low capital base. Things may not work out as planned. They may run into stiff competition, regulatory changes, sudden technical changes, legislative changes etc etc .In short, as always, there are a raft of things that can go wrong… • Their business model involves them entering into 3,5 and 7 year contracts and selling off the contract payments as receivables to funders like Susi, leaving EAAS to deal with the maintenance and ongoing service . While provision is made for the cost and maintenance and repairs and replacement of faulty equipment, they may get it completely wrong. If so, there will be problems. • The fact is, they haven’t been through the business cycle with their installations ( the company is only 5 years old), so booking all the profits now is great for cash flow and balance sheet risk reduction, because they offload the risk of non-payment to Susi. This funding model is a key part of how they can expand with such a low capital base. To continue booking high cash profits they need to be constantly entering into long-term contracts to keep things moving forwards. They should book decent profits along the way but project type sales with a long tail of obligations ( considered financially immaterial by the auditors)presents us with some unquantifiable risk. I hope they have made good provisions and that the kit they install is reliable and well maintained. • It is not clear to me how the project based work they do now can build up long-term value in the busines but in fairness they do have plans to mitigate this by selling on other services( see eHeat above). • This is a new company with big plans for expansion. They plan to grow organically and also through share based acquisitions . This introduces execution risk and will involve the issuing of lots of new shares . If the acquisitions are not accretive quickly we will see dilution in earnings . • The directors who have awarded themselves a generous share incentive scheme . This will bring dilution as well but it looks manageable because they have to pay for the shares and they are performance based around the share price , so that should be OK. • It is a micro-cap, one of the smallest companies I have ever invested in, so we will see volatility in the sails if things go wrong , we will be trapped with illiquid shares that will be very hard to shift. The opposite also applies- if things go well and the broader investing community gets excited, then the share price could get pushed up quite quickly from here. • The accounts look pretty clean. I did however notice a 1.55m GBP loan relating to buy-out arrangements that costs 13.5% a year to service. This will have to be repaid in 4 years’ time. • Revenue recognition can be an accounting danger area with contractor type businesses. There is scope for things to go wrong. The revenue recognition here is quite aggressive but without being ( I hope) imprudent. As usual, one relies on the auditors professional duty of care to investors. It is fair to say that this process does not always work perfectly. • They are up and running but the whole thing is quite new. It is very promising concept, but let’s not kid ourselves, it is still only semi-proven at best. • The actual service they offer works well, but it is actually slightly more expensive than the customers contracting the required upgrades directly. Their business proposition works well with Public Sector backed organisations and cash strapped schools with Bursars but I would think they may struggle with more hard-nosed, better resourced organisations in the private sector. There could be pricing pressure here. • To move the business forwards fast, as they plan to do, they need external finance . They have just signed a 15m€ deal with Susi. Susi looks serious and well financed , but they themselves depend on raising investment funds. Fortunately ,the World is awash with money and this type of investment ticks a lot of boxes from Susi’s perspective as environmental investors. • Susi is Europe’s largest energy efficiency fund and is well funded. It should be noted that were Susi to turn the financing tap off, then EAAS would have to depend on their other finance providers. If they could not do that, then EAAS would deflate quite quickly. There is a plus point here though. We are told that EAAS has a great relationship with Susi ( I kind of laugh every time I type Susi) and that Susi is “interested in expanding that relationship”. EAAS’s CEO revealed that they are in advanced discussions with Susi to get a further 50m GBP line of finance dedicated to educational customers. This would be very significant and just the type of news that would get investors excited. Trading Update - 1 July 2020 to 11 September 2020 -- 64 installations delivered so far in Q1 FY21 with revenue of GBP4 million, nearly 6 times the comparable quarter of FY20 (250% organic revenue growth) -- Significant uplift in new business wins and installation momentum, boosted by installation from contracts won before and during lockdown worth over GBP1 million -- Positive monthly operating EBITDA (before corporate overheads) has continued into Q1 making it five consecutive months -- Completed first acquisition: Renewable Solutions Lighting Limited ("RSL"), a specialist in providing the UK education sector with fully funded LED lighting solutions -- Secured new project funding partner SUSI Partners AG ("SUSI"). SUSI has provided a facility of up to EUR15 million to fund LaaS projects in Ireland, giving the Group's Irish business a significantly enhanced competitive advantage. -- The Board continues to expect to achieve breakeven profit after tax for the Group for the six months to 31 December 2020. The CEO aims to take the company from a 12-14m GBP turnover to 30m GBP turnover in the next 3 years. What else do we know? The house brokers are forecasting turnover rising from 4.5m GBP for the year to 30.06.20, to 12-14m GBP this year,18m GBP for the year to 30.06.22 with the aim of getting to 30m GBP turnover by FY23. The contracts they are bidding for are getting bigger and bigger. They are now pitching for 3 big contracts that would each be worth between 5-10m GBP. They expect decisions on each of these tenders before 31.12.20. Landing one of those would be a big catalyst. They reveal that the regular pipeline is worth 20m GBP and they normally convert 40% of that within 120 days. Within 48 days of that they book turnover at a 35% margin. “Do the math” as they say! With central costs currently running at around 1.5m GBP, this could really spike up profitability. The company they recently acquired RSL, their main competitor. That is running well and they have booked 75% of their target sales for this financial year in the first quarter. If they get the 50m GBP of funding and add that to the 15m € we can see what they might be able to achieve in the near term . Funding of 63m GBP of funding converts into sales of 50m GBP and EAAS gross margins of circa 35% = 17.5m GBP. If we follow the thinking through, it is not quite in the realms of fantasy to imagine them using that 63m GBP facility over the following three financial years. If they do that, and we assume a steep increase in central office costs and some share dilution-say 20% , they could still book distributable profits in the region of 12m GBP. Not bad for a company that currently has a market cap of 12m GBP. Of course this may not happen, but any indications that they are achieving this objective will, I think, cause this share to revalue substantially.
hedgehog 100: Batham, Sometimes it takes a day or so for good news to be properly assilimated by the market. But the EAAS share price did rise from 3.85p to 4p on Monday 6th. April, and it's up a further 0.25p so far today, to 4.25p. 06/04/2020 07:00 UKREG eEnergy Group PLC Trading and COVID-19 update "eEnergy Group plc (AIM: EAAS), the leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, today issues its third-quarter trading update for the period from 1 January 2020 to 31 March 2020 and provides an update on the impact of COVID-19 on the Group. Trading update The Group, through its eLight subsidiary, provides "Light-as-a-Service" (LaaS) to businesses and schools to help them switch to LED lighting for a fixed monthly service fee, avoiding any upfront payments. From 1 January 2020 to 3 April 2020, eEnergy signed 48 new contracts which include 21 schools in the UK and Ireland. Combined, eEnergy expects to save these 21 schools over GBP360,000 in energy costs and 618 tonnes in carbon emissions each year. These new contracts include some of the UK's leading independent schools such as Marlborough College in Wiltshire and Wycliffe College in Gloucestershire. Other notable contracts in the UK are the Group's first project with a Multi-Academy Trust and with some state primary schools. The high number of contracts reflects the success of the Group's sales operation, which has generated EUR12.5m of new proposals in the same period. The Company is currently seeing a strong sales cycle in the education sector, with 40% of proposals to UK schools being converted to signed contracts. The time taken to convert each proposal into a signed contract has been reduced by 25% to 35 days. eEnergy is actively engaged with over 150 school proposals. Despite the spread of COVID-19, no signed projects have been cancelled, although some school installations have been delayed to the summer holidays. COVID-19 update The health and safety of eEnergy's employees and customers are of paramount importance. All 32 employees are working remotely, and the Group's installation partners are observing all social distancing precautions when it is appropriate to work. While the tragic impact of the Coronavirus in the UK and Ireland cannot be underestimated, the Group's experience is that organisations are already planning for life after COVID-19. The decision by the UK and Irish Governments to close schools for the foreseeable future has led to a spike in interest in eLight's LaaS proposition. Many schools are looking to complete maintenance and upgrade projects, including switching to LED lighting, in what may be an extended period with either no or reduced numbers of pupils on site. To help support businesses and schools, eEnergy is offering new LaaS clients a three-month payment rebate as an incentive to accelerate their transition to LED lighting. This incentive is being combined with a deep hygiene clean to reduce the risk of future COVID-19 infections. The Board believes that the education sector represents a huge opportunity for eEnergy. As it stands, around 80% of schools have not transitioned to energy-efficient lighting. In Ireland, the sales strategy is being rebalanced away from the Commercial SME sector, which has been hit hardest by COVID-19, towards public sector schools in Ireland and Northern Ireland. The Board expects these will reopen for the Group to work with, before the Commercial SME sector. Outlook In each month in the quarter, the Group secured contracts worth approximately EUR1 million, which is 2.5 times that for the same period of the prior year and is in line with market expectations. Based on the estimated pipeline, the Board anticipates maintaining the average level of contract order intake through to the end of the calendar year, despite the impact of COVID-19. However, the impact of some installations being delayed until the Summer means that revenues will be generated later than expected. This will push back the Group's operating profit breakeven point to the second half of 2020. This shift will have a negative impact on revenues and earnings for the financial year ending 30 June 2020. The Group has a strong balance sheet with cash of EUR1.4m as at 31 March 2020. Harvey Sinclair, CEO, eEnergy Group plc, said: "eEnergy has had a successful start to life on AIM. We are pleased with the momentum we have achieved driven by a large number of contract wins. Like all businesses, we are working hard to meet the challenge presented by COVID-19. I am delighted with how our employees have adapted to what are difficult circumstances. "With cashflow expected to become an even greater concern for organisations, there is a clear opportunity for us as we help schools and businesses reduce energy spend and free up cash. One potential outcome of the current situation may be the acceleration of the switch to LED lighting and other energy-efficient technologies. eEnergy is well placed to meet this demand." -ends- ..."
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