Good Energy Share Discussion Threads

[liam1om] 12/2/2024 09:41

Agree, I've taken a few here. This was 420 just a few weeks ago, so an approximate 40% drop since the high and with the news now out in the open, I'd say the risks are now to the upside.

[allstar4eva] 12/2/2024 09:32

It's mostly paid for in cash and the company being bought appears to be growing rapidly. Looks a good deal to me.

[disc0dave46] 12/2/2024 08:56

30 million includes cash restricted deposits circa £8.4m.

[terminator101] 12/2/2024 08:11

It's 10x profit not earnings. That's a big if a premium.

[johndoe23] 12/2/2024 08:08

And still some are selling. Should be adding not selling

[hamidahamida] 12/2/2024 08:05

Market is led to believe business is doing well over 30mil in the bank and still management chose to dilute, worst still with a discount Just goes to show how much they actually value the company

[basem1] 12/2/2024 07:48

And some cost synergies which should impact positively on ebitda

[northwards] 12/2/2024 07:46

Earnings enhancing from the get go.

[basem1] 12/2/2024 07:44

10 x earnings

[terminator101] 12/2/2024 07:34

Looks GOOD. Although probably paid a bit of a premium based on P/E

[basem1] 12/2/2024 07:23

Seems a decent deal given the growth of JPS over the last 12 months I like the word Boom in the statement Perhaps some shortterm weakness but a good deal overall

[sparky333] 12/2/2024 07:03

Now we know why GOOD share price was so volatile.

[cocker] 11/2/2024 16:13

No mention in said tipsheet

[basem1] 11/2/2024 10:15

Any mention in SCSW anyone ?

[disc0dave46] 09/2/2024 18:19

Doubt Labour would want a publicly owned company partnering with a private enterprise, sort of defeats the selling point and their mantra of having a clean energy company owned by the people for the people!.

[3ootuk] 09/2/2024 17:33

GB Energy could partner with GOOD on a commercial basis to hit the ground running

[smokeyjohnson] 09/2/2024 15:22

Having not run the country for 14 years over which time the country has gone through massive changes, I think we'll see quite a bit of their manifesto change IF they even get that far.

[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."