Good Energy Share Discussion Threads

[jeanesy2] 29/1/2015 18:24

Why the sudden drop here today ?

[jeanesy2] 03/1/2015 12:52

The recent and continued mild weather will mean that power consumption will be much lower by customers. There is also a mention of lower wind speeds in the second half. This is bound to impact on profits. On a more positive note customer numbers are still increasing.

[hutch_pod] 19/11/2014 14:01

Looks like 2014 EPS forecasts upgraded from 18.5p to 21.45p, per Stock0pedia.

[hutch_pod] 17/11/2014 23:00

Hi, presumably GOOD becomes also more cost effective as it generates more from its own sources. It is also looking handy at developing and selling generation assets to keep overall earnings healthy.

However for sure it isn't going to compete on cost, despite being reasonably priced in my experience. More like decent customer service and the fuzzy feeling from going renewable.

[boonkoh] 17/11/2014 20:27

Other fuel sources cheap atm and getting cheaper. Good Energy will struggle with its fixed cost energy production through renewables

[hutch_pod] 17/11/2014 13:36

Good to see another 10.7MW of solar approved and expected to be commissioned H1 2015.

So 6.8MW of solar currently operational. Should be 17.50MW by H1 2015 if goes to plan, which would roughly match the wind capacity I believe.

As per RNS, looks like good progress for 50% target of elec generation from own assets by 2016.

[hutch_pod] 06/11/2014 09:36

Yes. In the usual modest fashion, top end estimates are hit.

Full year profit targets now look rather undemanding - looks like the net profit from the site alone exceeds broker targets!

Good job, Good Energy.

[chector177] 06/11/2014 08:30

Nice update today.

[hutch_pod] 07/10/2014 11:36

Yes it's a much more positive signal than Schroders heading for the door.

On the basis of strong customer growth and solid continuing investments in generation assets (and potentially further development sales), I decided I'm happy :).

I counted 31.6MW of approved solar capacity, 23.5MW of proposed solar, and 25.3MW of wind at the Big Field, to be determined 23 Oct.

Also noted both Woolbridge and Creathorne came on line as planned for 7MW of additional solar.

Oh, and at the very end of the RNS - "£2.5m of spend on inventory on West Raynham was recovered in H2 following the sale process." That should help cashflow.

[chector177] 06/10/2014 20:09

Thanks for the info Hutch. I wonder what's going on.

[hutch_pod] 02/10/2014 17:32

Looks like a collection of I think green focused investment cos bought up the 2.5m shares that Schroders sold before the results.

It does look like the results should be good this year taking into account the sale (one off but seems repeatable) but there seems to be a cash flow requirement coming up surely given they will reinvest the rest of the bond proceeds and sale proceeds in gen projects. It looks like operating cashflow has recently been more or less break even.

Any ideas much appreciated.

edit - Realised that their solar generation portfolio is looking pretty strong, and I think can be refinanced (? per Hampole facility) or indeed of course sold.

[hutch_pod] 30/9/2014 10:01

But the revenue and gross profit are pretty strong given that the sale of the farm is excluded? It doesn't seem to be written in a stock market friendly fashion. Frustrating.

[chector177] 30/9/2014 09:14

Don't like the results today :-(

[hutch_pod] 29/9/2014 16:50

Yes. Noticed a large sale today by someone at 215p

[chector177] 23/9/2014 14:00

Still in but disappointed by the lack of share price movement. When the uncertainty of the sale of the solar site is resolved we will see some movement

[hutch_pod] 22/9/2014 19:07

With the strong growth in customer numbers (15% for electricity, and 33% for gas y-on-y) and promising profit on sale of the solar site, the H1 results look to be solid, even taking into account say a 10% reduction in usage.

The solar site sale itself does have a huge range of net profit - £1.4m to £3.8m, very material given 2013 FY was £2.67m.

Using £1.4m as low end, I did a rough calculation of £1.06m net profit from electricity & gas (incl gen).

At £2.46m ish for H1 2014, and £0.93m for H1 2013, and £3m full year broker target (according to -), I can't help but think it looks great.

Perhaps notice of interims this week? and release next week?

Be good to know if anyone still in / thinking of getting in.

[hutch_pod] 26/7/2014 15:01

Tipped in Moneyweek Roundtable this week, mentioning the single digit PE and potential for 500k customers from 40k, as well as building its generation base.

[hutch_pod] 15/7/2014 17:44

Half year results soon - around 28th July.

[hutch_pod] 04/7/2014 09:15

Ah thanks yes - I read Davenport was challenging hard as the government moves solar from Renewable Obligation to CFD. I'm no expert mind.

hxxp://www.businessgreen.com/bg/analysis/2353338/good-energy-solar-subsidy-cuts-threaten-70-per-cent-of-pipeline

I've been looking out for a broker upgrade since their results but not seen anything.

[m.t.glass] 04/7/2014 08:12

HutchPod - maybe to do with hostile voicings from Tory party threatening to reduce or abolish green energy taxbreaks/subsidies? Though if a few Tory landowners twig that they could benefit from allowing solar farms on their own estates, perhaps their objections will evaporate ;o)

[m.t.glass] 04/7/2014 08:04

Planning Approval granted for a 4.9MW solar farm in north Wiltshire.

The last similar project took around 2 months to bring into use after commencing construction.


They also submitted a planning application last week for a solar farm 3x this size in Somerset -

[hutch_pod] 09/6/2014 19:32

hxxp://www.gazetteandherald.co.uk/news/towns/chippenhamheadlines/11262354.Chippenham_energy_group_wins_Stock_Market_award/

Still winning awards :)

[hutch_pod] 03/6/2014 19:15

Anyone speculate/know as to why the drop? I was poised to buy after the results, but waited, and waited..

[pimsim] 07/4/2014 08:38

Yes, good set of results, strong growth and all the more impressive given the mild winter.

I do think they need to show a bit more detail in the results, some of that increase in 'revenue' is due to sale of two solar farms (£4.9m) and personally I like to see the operating cash flow fully reconciled to the operating profit. But I am not knocking them, overall looks v strong with good prospects ahead.