Good Energy Share Discussion Threads

[babbler] 20/1/2022 08:03

Anyone awake? Great deal done today at premium

[marktime1231] 25/11/2021 11:46

The disposal of its generation assets removes that attractive feature of Good Energy but presumably resolves its financial crisis caused by the spike in gas / wholesale energy prices? The alternative was special administration? Its mature assets include two onshore windfarms in Cornwall and Yorkshire, seven (?) solar farms, and something to do with biogas? A total peak capacity of 47.5MW valued in June at £58M but probably risen since, against borrowings then of about £40M. Who might be a buyer, proposing a quick sale.

[paulisi] 28/10/2021 11:11

Price is all over the shop again. Back to where it should be.

[farmerwheeler] 18/10/2021 19:23

Dale Vince has just posted an open letter to Goodenergy saying that he will offer support for their problems relating to their gas hedge. Dale suggests that their supplier has problems meaning Goodenergy is in the poo re pricing. I think the share price us goo I get South tomorrow.

[paulisi] 18/10/2021 15:27

They have had two goes at a takeover and failed. Maybe they are giving up and looking to reduce their holding.

[kinwah] 11/10/2021 08:15

I reckon Ecotricity will finally try and bow out by placing their holding in GOOD. The GOOD management have done a good job and seem as well positioned as they can be. There should be takers of the Ecotricity stake around the £3 level.

[sea7] 29/9/2021 09:36

The decision comes on the day Nigel Pocklington, chief executive renewable energy supplier Good Energy, said his company would not take on new customers from collapsed firms because they were a "loss-making proposition". Mr Pocklington told the BBC's Today programme that while Good Energy was "sympathetic" to customers feeling uncertainty, larger companies may be better placed to take them on. dated yesterday.. hTTps://www.bbc.co.uk/news/business-58701893

[paulisi] 27/9/2021 11:15

Not accepting any new business from consumers looking to switch according to an article.What is the link to Octopus energy?

[megasonic] 24/9/2021 14:54

Interesting price action here recently. Current negative sentiment in utilities will have played its part.GOOD's exposure to the rising cost of gas is not as great as its rivals - energy is sourced exclusively from renewables. And while there has been a fair bit said about lack of wind in these past weeks impacting wind farm energy, not enough is said about the impact of clear sunny skies on solar energy. For context, GOOD owns 2 wind farms and 6 solar farms so the company is well hedged whether it's windy or sunny.My main attraction to GOOD though is the company's growth into the EV infrastructure market. This market is going to see exponential growth.As for the Ecotricity offer, I expect the Board headed by an experienced CEO to fight off this derogatory bid. Perhaps there might not even be a fight as Ecotricity may run into its own financial problems caused by surging energy costs. This would no doubt lead to a fall in share price fair value here a £50m M/Cap IMO. So about 295p per share which is where share price is now.I topped up on the dip yesterday and found that all my buys were reported as sells on ADVFN.

[sharescopepro] 24/9/2021 12:10

lets hope they dont go bust!

[paulisi] 24/9/2021 08:05

I guess that the offer has failed as the share price is significantly below the initial offer now.I'm surprised that the share price has dropped that much and it still undervalues the company.

[williamscott747] 16/9/2021 17:12

4 times. Your adding up is suspect! ?

[farmerwheeler] 16/9/2021 15:17

Why on Earth did this post three times?

[farmerwheeler] 16/9/2021 15:15

I have promptly sold at 390. Expect to buy back in at 300 or so when Ecotricity gives up. Then keep the shares for a lovely long time as this share is more than just a utility play. The CEO’s back ground show the direction. Only wish I could get shares in Octopus!

[farmerwheeler] 16/9/2021 15:15

I have promptly sold at 390. Expect to buy back in at 300 or so when Ecotricity gives up. Then keep the shares for a lovely long time as this share is more than just a utility play. The CEO’s back ground show the direction. Only wish I could get shares in Octopus!

[farmerwheeler] 16/9/2021 15:15

I have promptly sold at 390. Expect to buy back in at 300 or so when Ecotricity gives up. Then keep the shares for a lovely long time as this share is more than just a utility play. The CEO’s back ground show the direction. Only wish I could get shares in Octopus!

[farmerwheeler] 16/9/2021 15:14

I have promptly sold at 390. Expect to buy back in at 300 or so when Ecotricity gives up. Then keep the shares for a lovely long time as this share is more than just a utility play. The CEO’s back ground show the direction. Only wish I could get shares in Octopus!

[paulisi] 16/9/2021 14:55

400p offer - expect this to be rejected as well.

[paulisi] 14/9/2021 07:33

Decent set of number and a resumption of the dividend.

[paulisi] 09/9/2021 09:20

Takeover not going to happen - what a shame.....

[kinwah] 02/9/2021 08:37

Well the ball is now in Ecotricity's court. They have had a miserable level of acceptances at the first closing date. Ecotricity's only option if they want to be successful is to raise their offer to a tempting level - say around 380p or £4 and sew up some irrevocable acceptances. If GOOD is in serious danger of being taken over then they will look for a white knight to launch a counter offer to an increased Ecotricity bid. Ecotricity would be delighted with this as it would give them an exit for their GOOD stake - probably their plan B all along. Hopefully GOOD shareholders see a substantially increased offer in the next couple of weeks!

[paulisi] 02/9/2021 07:52

Not sure this takeover will happen.

[farmerwheeler] 22/7/2021 10:37

I developed a healthy dislike of Ecotricity for the way they ran their EV charger network. They showed zero interest in solving their EV network problems or helping the poor consumer who had to deal with their appalling customer service. Ecotricity suck!

[kinwah] 22/7/2021 10:04

Yes the GOOD board will unanimously reject the offer and probably accuse Ecotricity of an attempt to acquire its assets on the cheap. It will be interesting to see how far GOOD go in attacking Dale Vince and Ecotricity's finances. It will be interesting too to see if GOOD seek out a white knight or whether they just pull up the drawbridge and try and repel the invaders. Failing in a bid would cost Ecotricity around £2 million so it's a worthwhile gamble. Ecotricity bondholders are the ones who might regret this bid. GOOD may launch a savage attack on the way they believe Ecotricity is run and the bondholders can only wince and worry as they can't get their money back now until June 2022. I hope the financial press give this bid lots of coverage.