Essensys Share Discussion Threads

[catabrit] 30/4/2024 10:43

These came recommended at 3x the current share price. Never really understood the investment rationale. I suspect they will de-list in the near future.

[shieldbug] 31/8/2023 09:53

Well they wisely raised £33m of cash in 2021 when the money taps were fully turned on. As I recall they (luckily) struggled to spend it at the time due to Covid. Then when they did start spending, the hubris was short lived and quickly turned to caution. Hopefully they survive and then thrive.

[w1lbur01] 31/8/2023 07:52

Pretty good update little in detail but debt free not many can say that!

[ridingthewaves1] 21/4/2023 14:11

Need buyers and twitter rampers

[fozzie] 21/4/2023 14:08

1.7M sale posted

[w1lbur01] 21/4/2023 13:47

Is that the problem sell just gone through

[brummy_git] 21/4/2023 13:12

Overhang hopefully now finished

[bsharman3] 21/4/2023 12:26

Anyone have any idea about the big decline today?

[babbler] 21/4/2023 10:47

Someone offloading fast today... Strange

[p1nkfish] 28/3/2023 07:17

The underlying market they are addressing needs to be healthy no matter how efficient ESYS makes participants in that market.

Unfortunately commercial real estate in the US is a bit of a basket case currently.

A real shame as this is a neat company and product but fighting with one hand tied behind its back.

The cash burn is pretty unpleasant looking.

I might be totally wrong but glad I sold. Hope everyone is OK.

[scepticalinvestor] 28/3/2023 06:14

Oof good luck punters, you will need it on open

[p1nkfish] 28/2/2023 14:44

Up to 18 months to confirm they are there and who knows what cash will be left by then.
An act of faith to buy and/or hold.

"plan to return to profitability in FY24 and generate positive annualised cash flow by the end of FY24."

[shieldbug] 28/2/2023 10:34

p1nkfish - I have to concede they don't seem to know what they are doing with that money. Complete reversal in strategy by the looks of it - after wasting a load of cash by the looks of it. Expecting adjusted EBITDA +ve in 2024 - whatever that means.

[p1nkfish] 01/12/2022 13:01

Let's see!
More goes on under the surface than above.

[shieldbug] 01/12/2022 11:05

Have you seen this mornings RNS.

There was not a single question on the investor call at the AGM today. No one is agitating on your behalf. You are not even agitating yourself. You had the opportunity to ask the board for your money back today and - you kept quiet.

[p1nkfish] 01/12/2022 10:44

Think again and look at the US office market as an example.
The money was raised on the basis of a particualr oulook that has since changed.
ESYS got lucky with the window to raise that cash.
They have scaled back their ambitions and cash should be returned if they don't utuilise it to achieve a return better than that shareholders can achieve for themselves.

[shieldbug] 01/12/2022 10:10

Don't be daft, the major shareholders are either the boss (Mark Furness 30%) or investors that just stumped up £30m at £2+ a share. Nothing has changed in the investment thesis, there is a structural trend towards flexible workspace, accelerated by the pandemic.

[p1nkfish] 01/12/2022 09:06

Let's hope major shareholders will agitate.

[p1nkfish] 01/12/2022 09:05

In a very different economic environment. Even ESYS has decided to scale back its approach. Cash can now be better deployed outside of ESYS.

[shieldbug] 01/12/2022 08:29

The capital was allocated by shareholders to the companies management team to grow the business. What did it they announce this morning? - growth.

[p1nkfish] 30/11/2022 15:07

The money is best allocated by the shareholders. The backgroung to the story and the funding round has changed. Money should go back to the shareholder base.

[shieldbug] 30/11/2022 11:06

2020 they raise £7m at 151p, in 2021 they raise £31m at 285p - Pinkfish thinks they should give the money to him when the share price is 50p. What?