Good Energy Share Discussion Threads

[disc0dave46] 09/2/2024 15:15

It was confirmed on QT last night that GB Energy is definitely still in the Labour manifesto. That could change I suppose.Good receive government subsidies and I believe ROC credits are treated as income. Perhaps that element won't be cut but investment in clean energy will be.I like the potential of Zapmap and their innovative model but too many variables for growth for my liking that they have zero influence on......and now with a publicly owned competitor likely to emerge, taking a chunk of the clean energy supply market (no doubt tax payers will pay any business losses to "prove" the model works to save face if nothing else).

[smokeyjohnson] 09/2/2024 14:52

GB Energy is a great idea but what are the chances of it actually happening with the budget constraints that Kier has highlighted yesterday and before that will they actually get in power? Seems like a lot of ifs to cause any sort of dent in GOODs business.

[disc0dave46] 09/2/2024 14:31

Have to take on board how much cash held in restricted deposits (was £8.4m I believe at year end). They need Labour are still going ahead with GB Energy, which I assume will be direct competition.

[basem1] 09/2/2024 11:17

Cheaper still !!!!!!

[aishah] 09/2/2024 11:16

You're correct. Post edited now.

[basem1] 09/2/2024 11:11

Is your cash figure correctIt said £34m gbp at last results Unless they have some large capex projects ?

[aishah] 09/2/2024 11:09

EOD yesterday - £43m market cap with £34m net cash, so EV of £9m!
FCST p/e 9.5 with a peg of 0.4 and a PSR of 0.14!

Recent update:
Nigel Pocklington, Chief Executive Officer of Good Energy, said:

"This strong performance builds on Good Energy's progress in the first half of the year. A more stable wholesale energy market has helped our energy supply business, whilst we have continued to make great strides in the roll out of energy services to our customers.

"In the past six months we have launched new services for solar export, flexibility and electric vehicle drivers. Good Energy has topped Which?'s green energy rankings for the third year running, and we are the cheapest energy supplier with a green exemption from the price cap - meaning customers can get the greenest product at the best price.

"Our strong cash position means we can continue to invest in product growth and strategic acquisitions, as well as providing a buffer for market uncertainty.

"Good Energy's goal is to be the go-to for green-minded customers, and with our growing suite of products alongside our trusted legacy in solar export and renewable supply, we are uniquely positioned to achieve that."

[nallen1] 09/2/2024 10:59

Where is old boy1 to congratulate you on your trading genius

[basem1] 09/2/2024 09:28

Overhang is clearing I will not say how many I bought as it will upset allstar

[basem1] 09/2/2024 09:25

Looks like it is buy time Trading a years ebitda over cash levels

[basem1] 09/2/2024 09:14

All those red trades in the low 250 are buys

[basem1] 09/2/2024 08:54

Quiet here this morning The RSI was at 25 ish last night indicating an oversold situation It can turn quickly this one

[smokeyjohnson] 08/2/2024 23:30

Fair enough. Since you've never posted on GOOD other than to tell someone they're filtered, how are you being any more constructive? Whilst you're there, define the bounds for being 'constructive'.

[lennonsalive] 08/2/2024 23:23

If you have nothing constructive to add, your filtered

[smokeyjohnson] 08/2/2024 20:19

Surprised that the Labour story would have such an effect seeing as they're not even in power so is completely hypothetical anyway. Someone using the story to create weakness and lots spooked. That's the markets I guess.

So if Labour had kept the £28billion but then went on to lose the GE then the price would take a hit on election results day?

Since the Ecotricity bloke is a big Labour fan maybe he has sold a bunch. Who knows.

[cocker] 08/2/2024 18:27

Well Liberum upgraded this years forecast from 9.5p to 17p, subsequently forecast from there on was 18.3p /33.2p & 69p. Therfore one would expect these numbers to be jacked up somewhat. Short term pain but long term gain and as I said before NP knows his onions and don't be surprised if he cashes Zap Map in over the next 12 months.

[disc0dave46] 08/2/2024 17:54

If you mean the Labour u turn, either way it hits Good IMO.

[john09] 08/2/2024 17:24

Back into the 100s tomorrow once people digest the news that most of you couldn’t find all day

[aishah] 08/2/2024 16:25

Looks like quite a few Stops triggered. Perhaps people trading on margin getting hit. Added a few.

[disc0dave46] 08/2/2024 16:13

260 support now possibly resistance.Ofgem investigation I guess will, along with the prospects of a publicly owned clean energy supplier, bring headwinds (no pun intended) to Good and YU,

[cocker] 08/2/2024 16:03

Well whoever is selling gives opportunity to those with a few dollars to spare, so a big thank you from Me!

[nakedmolerat] 08/2/2024 16:02

itll come out in the wash after today

[smokeyjohnson] 08/2/2024 15:57

Someone feeding Peel by the looks of it. They're consistently jumping from side to side and then undercut the last buy.

[disc0dave46] 08/2/2024 15:51

Looks like 250'ish is bottom for today.

[allstar4eva] 08/2/2024 15:46

Capitulation day today possibly...