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EAAS Eenergy Group Plc

4.35
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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 0.00% 4.35 409,259 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.30 4.40 4.35 4.35 4.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 45.63M -2.52M -0.0065 -6.69 16.84M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:29:43 O 24,909 4.40 GBX

Eenergy (EAAS) Latest News

Eenergy (EAAS) Discussions and Chat

Eenergy Forums and Chat

Date Time Title Posts
12/12/202416:10eEnergy Group PLC1,190
15/8/202218:00Discuss pcok5

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Posted at 15/12/2024 08:20 by Eenergy Daily Update
Eenergy Group Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker EAAS. The last closing price for Eenergy was 4.35p.
Eenergy currently has 387,224,625 shares in issue. The market capitalisation of Eenergy is £16,844,271.
Eenergy has a price to earnings ratio (PE ratio) of -6.69.
This morning EAAS shares opened at 4.35p
Posted at 10/12/2024 11:11 by gist308
It seems to be a market manipulation tactic by depressing share price sufficiently to rake out 20% on any upturn on minimum news
Posted at 03/12/2024 16:56 by everton448
All I can say is that there is a very significant difference between the performance of the share price and the apparent optimism of the posts from the company and its employees on LinkedIn
Posted at 28/11/2024 12:09 by daveme
Interesting that the share price has risen, at the time of writing, by 0.3p (6.45%) on a new contract with a Newcastle college group. Think how many similar organisations there are across the country, i.e. potential customers of EAAS. The market is huge and buying EAAS today is a great opportunity to get in at the bottom of that growth.
Posted at 27/11/2024 10:13 by daveme
barnes4, they did actually put out something positive on the 13th, i.e. just 2 weeks ago!

That said, however, I do agree that until the board is able to show this company is on the up, the share price will keep trickling down with the continual selling we have seen over the last few months. If it can drop 2p in a few weeks then it can regain 2p just as quick, i.e. +40% from here! Fingers crossed.
Posted at 13/11/2024 10:23 by barnes4
Now let’s get this straight

No news = 25% drop
News = no increase in share price

The market is knackered
Posted at 23/10/2024 09:24 by hodluntilyouwobble
It isn’t the warrant holders that are offloading. Why would they if the exercise price is 6p? There are many shareholders from legacy acquisitions made by eEnergy that are sat on a lot of shares (like me..), who are slowly selling their holding as their patience runs out.

There is very little liquidity on this stock, so it doesn’t take much to move the share price up or down. Ultimately, there isn’t enough exciting news around to drive the share price up over the longer term, and profit takers will always nibble away at any swing. If you are frustrated where EAAS are today, I suggest you either get out now or come back in 6 months time.
Posted at 22/10/2024 16:04 by gist328
The hierarchy at energy are basically dumping their free warrants making a killing in the process subduing the share price
Posted at 01/10/2024 06:39 by sev22
A smart energy firm on a deep discount.

Improving market conditions underpinned record third-quarter revenue and demand is still rising.

Published on September 30, 2024
by Simon Thompson

*Record third-quarter revenue
*Strong forward order book
*Market conditions improving

Technology-enabled energy services provider eEnergy (EAAS: 5.65p) is on course to deliver record quarterly revenue of £9.3mn in the third quarter, or 55 per cent more than in the whole of the first half.

The company helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting). As previously reported, the business had a slow start to the year and experienced disruption due to the disposal and separation of its energy management (EM) division. Trading was also hampered by a weak balance sheet and exacerbated by weak market conditions. Lower energy prices and higher costs of finance led to lengthened customer decision-making cycles, culminating in a delay in contract signings.

However, the disposal has strengthened the group’s financial position no end. eEnergy ended the six-month period with net cash of £6mn and entered a new £40mn debt facility with NatWest to provide off-balance-sheet funding for public sector customers. It has lowered the cost of capital, delivers an attractive return on the retained project interests and improves eEnergy’s competitive position when tendering for multi-site contracts.

Importantly, the directors note that the market started to strengthen towards the end of the first half and the strong momentum is being maintained. Underpinned by an order book of £7.6mn, of which £6.4mn is for delivery in the final quarter of 2024, the board is maintaining full-year revenue guidance of £25mn-£26mn assuming there is no weather-related disruption to the installation schedule. On this basis, analysts forecast a second-half cash profit of around £3mn on revenue of £19mn, which would wipe out the first-half underlying cash loss of £2mn on revenue of £6mn.

Positive tailwinds.

Importantly, the new government is preparing to drive net zero more actively as one of its levers for growth. eEnergy’s directors believe that the public sector will lead this activity, and they are already seeing government-backed clients signing up to more flexible financing arrangements, which can allow them to adopt the group’s products and services with no upfront capital expenditure. Furthermore, customers looking for security and stability of energy supply are driving demand for onsite generation, an opportunity greater than management previously anticipated. In particular, the solar business is set for significant expansion due to its decreasing levelised cost of energy (a measure of the cost of energy generated by a system over its lifetime).

The potential for eEnergy to scale up its business continues to be under-rated. The company’s market capitalisation of £21.8mn is backed up by net cash of £6mn and contingent deferred consideration from the EM disposal could add £8mn to £10mn (capped at £20mn) to the cash position by the end of 2025. Assuming annual revenue ramps up 20 per cent or so next year – not an unreasonable assumption given the improvement in market conditions – the operational business could generate annual cash profit of £3.2mn, pre-tax profit of £2.2mn and earnings per share (EPS) of 0.4p in 2025. Effectively, it is in the price for £6mn (1.5p).

So, although eEnergy’s share price is below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the growth profile, asset backing and deep discount to 13p a share sum-of the-parts valuation point to significant share price upside. BUY.
Posted at 02/9/2024 08:32 by sev22
Based on this recommendation from late July the sum-of-parts valuation is still more than double this morning's increased share price.

A green energy tech company on a bargain rating.

A technology-enabled energy services provider is now starting to see revenue ramp up and is forecast to quadruple profit next year.

July 26, 2024
by Simon Thompson

*Full-year revenue guidance maintained
*Second half weighting
*First half impacted by weak balance sheet
*Robust order book
*Strong momentum building

Technology-enabled energy services provider eEnergy (EAAS: 5.3p) has reported strong momentum at the start of the second half and reiterated full-year guidance at £25-26mn.

In the first half, the business was hampered by a weak balance sheet and lengthening customer sales cycles due to the higher cost of finance and lower energy prices. The company helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting).

However, the disposal of its energy management (EM) division for £29.3mn means that eEnergy is now in a strong net cash position and balance sheet funding has been strengthened further by a new £40mn debt facility with NatWest. Specifically, it provides eEnergy with off-balance-sheet funding for public sector customers, lowers its cost of capital, delivers an attractive return on the retained project interests and improves its competitive position when tendering for multi-site contracts.

True, first half revenue declined from £11mn to £6.2mn, but eEnergy’s robust order book will deliver £12.9mn of revenue in the second half and the improvement in market conditions means that trading momentum continues to build.

Forecasts maintained

So, in line with management guidance, analysts at Equity Development forecast a second half cash profit of £3mn on revenue of £19.3mn to wipe out the first half underlying cash loss of £2.1mn on revenue of £6.2mn. On this basis, expect full-year cash profit of £0.8mn on revenue of £25.5mn. Please note that estimates exclude £2.5mn of balance sheet adjustments for restructuring following the disposal of the EM division which will be booked in the interim accounts.

Importantly, eEnergy now has the financial firepower to take on large multi-million pound contracts, which will accelerate both sales and profit growth. In April 2024, the group secured a £5.2mn contract with Spire Healthcare Group to provide solar systems across 38 sites. So, with annual revenue forecast to rise from £25.5mn to £31.5mn in 2025, and with central overheads relatively fixed, the drop through of incremental gross margin to cash profit means that cash profit is forecast to quadruple to £3.2mn in 2025. On this basis, expect pre-tax profit of £2.2mn and earnings per share (EPS) of 0.4p in 2025.

In addition, Equity Development forecasts net cash of £9.5mn (2.5p) at the 2024 year-end, a sum that backs up almost half eEnergy’s market capitalisation of £20.5mn. Furthermore, contingent deferred consideration from the sale of the EM unit is payable in two instalments and could add £8mn to £10mn (capped at £20m) to the cash pile by the end of 2025.

Effectively, the operational business could be free as a standalone entity by the end of next year. That’s incredibly harsh given that the EM division was sold on a multiple of 6.5 to 8.5 times forecast cash profit to enterprise valuation. Assuming eEnergy delivers the ramp up in revenue and earnings next year, then the operational business alone should be worth a third more than the current market capitalisation. Add to that the hefty cash pile and cash inflows from the contingent deferred consideration, and it’s not difficult to arrive at sum-of-the-parts valuations more than double the current share price

So, although eEnergy’s share price is below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the strong asset backing, improving growth profile and a hefty discount to sum-of the-parts valuations point to material share price upside. BUY.
Posted at 28/7/2024 15:22 by sev22
A green energy tech company on a bargain rating.

A technology-enabled energy services provider is now starting to see revenue ramp up and is forecast to quadruple profit next year.

July 26, 2024
by Simon Thompson

*Full-year revenue guidance maintained
*Second half weighting
*First half impacted by weak balance sheet
*Robust order book
*Strong momentum building

Technology-enabled energy services provider eEnergy (EAAS: 5.3p) has reported strong momentum at the start of the second half and reiterated full-year guidance at £25-26mn.

In the first half, the business was hampered by a weak balance sheet and lengthening customer sales cycles due to the higher cost of finance and lower energy prices. The company helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting).

However, the disposal of its energy management (EM) division for £29.3mn means that eEnergy is now in a strong net cash position and balance sheet funding has been strengthened further by a new £40mn debt facility with NatWest. Specifically, it provides eEnergy with off-balance-sheet funding for public sector customers, lowers its cost of capital, delivers an attractive return on the retained project interests and improves its competitive position when tendering for multi-site contracts.

True, first half revenue declined from £11mn to £6.2mn, but eEnergy’s robust order book will deliver £12.9mn of revenue in the second half and the improvement in market conditions means that trading momentum continues to build.

Forecasts maintained

So, in line with management guidance, analysts at Equity Development forecast a second half cash profit of £3mn on revenue of £19.3mn to wipe out the first half underlying cash loss of £2.1mn on revenue of £6.2mn. On this basis, expect full-year cash profit of £0.8mn on revenue of £25.5mn. Please note that estimates exclude £2.5mn of balance sheet adjustments for restructuring following the disposal of the EM division which will be booked in the interim accounts.

Importantly, eEnergy now has the financial firepower to take on large multi-million pound contracts, which will accelerate both sales and profit growth. In April 2024, the group secured a £5.2mn contract with Spire Healthcare Group to provide solar systems across 38 sites. So, with annual revenue forecast to rise from £25.5mn to £31.5mn in 2025, and with central overheads relatively fixed, the drop through of incremental gross margin to cash profit means that cash profit is forecast to quadruple to £3.2mn in 2025. On this basis, expect pre-tax profit of £2.2mn and earnings per share (EPS) of 0.4p in 2025.

In addition, Equity Development forecasts net cash of £9.5mn (2.5p) at the 2024 year-end, a sum that backs up almost half eEnergy’s market capitalisation of £20.5mn. Furthermore, contingent deferred consideration from the sale of the EM unit is payable in two instalments and could add £8mn to £10mn (capped at £20m) to the cash pile by the end of 2025.

Effectively, the operational business could be free as a standalone entity by the end of next year. That’s incredibly harsh given that the EM division was sold on a multiple of 6.5 to 8.5 times forecast cash profit to enterprise valuation. Assuming eEnergy delivers the ramp up in revenue and earnings next year, then the operational business alone should be worth a third more than the current market capitalisation. Add to that the hefty cash pile and cash inflows from the contingent deferred consideration, and it’s not difficult to arrive at sum-of-the-parts valuations more than double the current share price

So, although eEnergy’s share price is below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the strong asset backing, improving growth profile and a hefty discount to sum-of the-parts valuations point to material share price upside. BUY.
Eenergy share price data is direct from the London Stock Exchange

Eenergy Frequently Asked Questions (FAQ)

What is the current Eenergy share price?
The current share price of Eenergy is 4.35p.
How many Eenergy shares are in issue?
Eenergy has 387,224,625 shares in issue.
What is the market cap of Eenergy?
The market capitalisation of Eenergy is GBP 16.84 M.
What is the 1 year trading range for Eenergy share price?
Eenergy has traded in the range of 4.35p to 9.75p during the past year.
What is the PE ratio of Eenergy?
The price to earnings ratio of Eenergy is -6.69.
What is the cash to sales ratio of Eenergy?
The cash to sales ratio of Eenergy is 0.37.
What is the reporting currency for Eenergy?
Eenergy reports financial results in GBP.
What is the latest annual turnover for Eenergy?
The latest annual turnover of Eenergy is GBP 45.63M.
What is the latest annual profit for Eenergy?
The latest annual profit of Eenergy is GBP -2.52M.
What is the registered address of Eenergy?
The registered address for Eenergy is SALISBURY HOUSE, LONDON WALL, LONDON, EC2M 5PS.
What is the Eenergy website address?
The website address for Eenergy is eenergyplc.com.
Which industry sector does Eenergy operate in?
Eenergy operates in the MISCELLANEOUS METAL ORES,NEC sector.