Ienergizer Share Discussion Threads

[nico115] 01/11/2023 14:58

All very odd For some reason no one can get hold of ienergiser !!

[nico115] 01/11/2023 14:20

That's the risk with private cos The IR refuses to communicate The BOD refuses to communicate We will have no idea what they are hiding or what their plans are We are mere irritants They screwed instis by delisting and now who knows if we will be screwed .

[nico115] 31/10/2023 19:05

Thanks What price you long at ?What you think we are worth ?

[nico115] 31/10/2023 19:03

Cash of 43m and no divi : ( What we doing with the cash ? Paying off debt or making acq?If we were public we would be trading at 400p?

[vega44] 31/10/2023 19:03

Flying pig much appreciated pls could you forward some more screenshots…

[flying pig] 31/10/2023 18:23

nico115
non-current liabilities 31 March 23 31 March 22
borrowings £119 million £130 million
lease liabilities £15.2 million £13.7 million
employee benefit obligations £5.6 million £5.1 million
deferred tax £7 million £8.1 million
current liabilities
borrowings £15.6 million £9.8 million
lease liabilities £4.1 million £3 million

Cash and cash equivalents £42.7 million £56.3 million

There is no heading saying "net debt"

[nico115] 31/10/2023 18:20

Yes the BOD and IT acts as if they have no Shareholders apart from the 83pct one .

[vega44] 31/10/2023 16:34

The accounts were posted to registered holders on 19/20th October but the company is refusing to share them otherwise. If anyone has received them by post please could you let this forum know ASAP as there is an AGM to approve them next week.

[nico115] 31/10/2023 11:48

So what was net debt March 2023 please ?

[nico115] 30/10/2023 14:36

G-d knows what's going on but the non exec refuses to discuss the figures with me .Must say this is all alien to me

[marjud1] 30/10/2023 09:46

Thanks Flying Pig for posting that summary

[nico115] 30/10/2023 01:46

Has anyone got the annual cash flow statement and latest balance sheet please ?When are report and accounts out ?

[nico115] 30/10/2023 01:27

Thanks for this What were expectations ?Why is net debt unchanged after these great results ?With debt high it's probably good news no dividend will be paid I think we are worth multiples of 50p I'm happy Ps. Yes retail holders are an after thought

[wobblywilbur] 29/10/2023 19:44

Thank you to those posting extracts purportedly from the accounts.
I am guessing the major shareholder doesn’t ‘need’ cash at the present time - hence no dividend. Hopefully, debt will be paid down in its place, which of course will benefit all holders. FWIW I would be happy with that.
More concerned at why accounts have not been published on the company website - it appears that many of those who have ‘registered217; their share holdings via the website have not received a copy of the report by post - for whatever reason - so why not put the accounts on the website to ensure all holders have a chance to view them ahead of the AGM? The BoD are just unnecessarily aggravating the situation after inexplicably taking the company private.

I am not acquainted with Guernsey Company requirements but surely if an AGM resolution is proposed, for holders to vote for acceptance of the accounts, then surely holders need timely access to consider them.

At best the whole lack of communication with shareholders is amateurish, at worst it displays total contempt towards those who have supported the business financially.

[davidosh] 29/10/2023 18:23

Great results in the current economic backdrop. I do think they could have matched the interim dividend rather than pay a larger final dividend and do wonder whether the banks had an influence over this now the company has delisted as it will be difficult for them to raise money if they had to and so preserving it is favourable to them.

How is the founder and major shareholder taking money out now as he benefitted most from the dividends ?

[flying pig] 29/10/2023 16:30

Even as minority shareholders, we have a few rights and the board of directors has no ability to specifically disadvantage the minority shareholders. The real risk would be a major fundraising that diluted our shareholders. The Board has fiduciary duties to us all

[robsy2] 28/10/2023 14:58

Thanks FP.
Looks like things are running smoothly.plenty of value here. Just need to make sure the value of the company doesn’t get taken from us with some kind of byzantine maneuver that transfers the value of the company into some other holding vehicle that disadvantages us.

[flying pig] 28/10/2023 11:40

ienergizer annual results.
Annual results for the year ended March 31, 2023 with strong revenue and margin growth generating substantial return and exceeding market expectations.

Financial highlights: continued with the trend of profitable revenue growth with margin improvements through deepening existing customer relationships, securing new customer contracts, and continued focus on higher margin work, along with careful and active cost management.

• Total revenue up 14.3% at $303.2 million (2022 $265.2 million).
• Service revenue up 15% at $299.2 million (2022 $260.3 million).
• EBITDA up 17.9% at $114.7 million (2022 $97.3 million) representing a margin of 37.8% (2022 36.8%).
• Operating profit up 13.7% at $103.9 million (2022 $91.3 million).
• Profit before tax up 13.8% at $94.7 million,
• profit after tax up 14.9% at $85.7 million,
• earnings per share up 15.5% at $0.45 per share,
• gross debt of $134.6 million (2022 $139.7 million).

Operational highlights:
success in securing higher margin work from existing customers, adding new customers, capitalising on growth opportunities in the entertainment BFSI, telecom and digital publishing market.

Dividend:
total dividend for the fiscal year 2023 paid as Interim Dividends of 11.07p per share. The financial results are encouraging given the backdrop of the Global Economy, rising interest rates and the uncertainty faced in some areas due to potential recession in the US and Europe. Considering these factors, the board is of the view that the company should conserve cash and not declare any Final Dividends.

[nico115] 27/10/2023 15:58

No one seen the figs ?

[nico115] 26/10/2023 16:12

Madness ..figs are out but no one can share !!

[nico115] 25/10/2023 14:19

I.R man is still there He cba with us ..mere irritants Only cares about his boss Anil who pays his wages .Shame on the lot of them . Shafted instis and now shafting private shareholders as that's what they can do now . How lovely to be private : )

[nico115] 25/10/2023 13:59

My man on the BOD also gone awol That's the problem with private cos..we are last on their list of priorities

[davidosh] 25/10/2023 13:48

The IR has gone AWOL and straight after results is not good planning if on leave.

When and exactly where is the Agm?

[marjud1] 24/10/2023 10:12

How are you receiving the company information? Do you hold via a broker or paper shares (i.e. in your own name)? My broker iweb (Halifax) are not much help.