Inspired Share Discussion Threads

[rivaldo] 25/8/2020 08:22

Nice early move up today - and on very low reported volumes too, suggesting that stock is scarce.

[masurenguy] 24/8/2020 13:11

Totally agree Riv. This is a very liquid stock compared to many other AIM listed companies, with an average spread of less than 5%. It also has a good roster of institutional shareholders which include Miton (10.3%), Canaccord Genuity (5.34%), Fidelity (5.06%), Slater Investments (4.95%), Invesco (3.08%), Artemis (2.80%), Octopus (2.32%), SGKBB (1.23%) and Liontrust (0.78%).

[rivaldo] 24/8/2020 12:38

Good to see the price rising again and the bid price back up to 15p.

Er rumbers2...(1) the m/cap is only £125m. The number of shares in issue is completely irrelevant. And (2) there are only 960m shares in issue :o))

[rumbers2] 21/8/2020 08:25

With one billion shares in issue isn't it going to take a lot a volume to even shift this?

[robow] 21/8/2020 08:06

thanks Riv and Chesire Man

[cheshire man] 21/8/2020 07:42

The Diverse Income Trust

This is the bit that is importatant going forward

"we do expect the valuations of stocks that are making a positive impact on the climate change agenda to move to premium valuations. As this occurs, it is expected that it will enhance the returns of the Trust."

Little surprise Fidelity upped its state in INSE

[rivaldo] 21/8/2020 07:13

Good to see Fidelity up above 5% with 48.6m shares:

[sphere25] 20/8/2020 09:48

Highly reputable funds buying here and some whopping big buys yesterday.

Surely this isn't painting a picture that there is value here ;-)

[rivaldo] 20/8/2020 08:57

The Diverse Income Trust, for whom Gervais Manager is a Fund Manager, have just released their Annual report.

They have a £3.6m investment in INSE, and they have this to say about INSE and its green credentials:



"Although the Trust does have a policy of investing across most industry sectors, one of the factors that the Manager takes into account is the risk that some industry sectors may become so unpopular that gradually all other institutional investors will avoid them altogether. If this occurs, then there is a danger that the Trust will be unable to liquidate a holding. The Trust has already scaled back its holdings related to coal extraction companies for this reason.

Conversely, there are quite a few UK-quoted businesses working in sectors that have a positive impact on carbon emission targets. Inspired Energy, which monitors the power and water consumption of their customers, to help them reduce wastage is one example. Over recent years, Inspired Energy have extended their service so that they can provide auditable data on the annual carbon emissions of their clients. At present, the valuations of many of these kinds of companies are often no higher than others in the portfolio, because numerous smaller quoted companies are overlooked by other investors. In time however, we do expect the valuations of stocks that are making a positive impact on the climate change agenda to move to premium valuations. As this occurs, it is expected that it will enhance the returns of the Trust."

[rivaldo] 19/8/2020 14:14

Correct Cheshire Man, they still reatin their 25p target price.

7.72m shares bought in two tranches at 15p just before midday. Perhaps more transactions still to be reported.

[cheshire man] 19/8/2020 08:06

Peel Hunt 25p TP still stands as far as I know,

[masurenguy] 19/8/2020 07:56

Interims due 3 weeks today, on Wednesday September 9.

[ge0fft] 17/8/2020 09:54

Business customers can now calculate the size of undisclosed commissions and then start action to have it repaidWww.businessenergyclaims.co.uk

[ge0fft] 29/7/2020 18:41

https://www.ofgem.gov.uk/publications-and-updates/fairer-energy-deals-microbusinesses

[melody9999] 28/7/2020 17:43

1gw - I just think there a lot of placings around at the moment so plenty of options for PIs. I took excess to the open offer in order to not be diluted. Would rather participate in a placing where we know the funds spent on Ignite will increase earnings rather than for working capital / debt reduction purposes.

[1gw] 28/7/2020 13:05

So all gone through ok, but uninspiring participation in the open offer.

[1gw] 27/7/2020 16:25

Pretty unimpressive shareprice behaviour ahead of the GM, but we've ended up at 15p midpoint. What were the chances?

[masurenguy] 17/7/2020 07:48

Completion of Ignite Energy Acquisition
RNS Number : 2802T
Inspired Energy PLC
17 July 2020

Further to its announcements of 10 July 2020, Inspired Energy is pleased to announce that it has completed the acquisition of the outstanding 60% of Ignite Energy LTD for an initial consideration of £11.0m, comprised of £5.5m of cash and £5.5m of shares, on a debt free cash free basis. Completion of the Acquisition was conditional, amongst other matters, on the receipt of the subscription monies relating to the Firm Placing Shares, which were admitted to trading on AIM yesterday, and admission of 32,051,282 New Ordinary Shares to be issued to the vendors of Ignite (the "Consideration Shares"), which will occur at 8am today. The Consideration Shares were issued at a price of 17.16p, being the average mid-market closing price for the five days prior to 10 July 2020.

[rivaldo] 14/7/2020 11:59

...and Slater has increased to 5% too:

[rivaldo] 14/7/2020 11:35

Fidelity are a new major shareholder, with 5.1% or 36.3m shares:

[rivaldo] 10/7/2020 07:18

Placing and Open Offer at 15p to allow the acquisition of the rest of Ignite (which has been performing ahead of expectations), plus further acquisitions.

And INSE has performed better in Q2 than anticipated, with H1 revenues up 19% year on year and EBITDA only down 8%. Plus strong cash conversion, with dividends being restarted soon.

The discount's not too bad, and likely explains the hiatus in the share price recovery. Most importantly, this will capitalise on the ESG boom which will continue for the foreseeable future.

[1gw] 03/7/2020 17:07

I sold some more today to release funds for something else. Inse is now just out of my top 5 holdings, in a portfolio which seems to be getting ever more concentrated.

[rivaldo] 01/7/2020 12:11

General summary of the update, but with brief analyst comment added:



"The medium-term outlook remains positive, underpinned by market fragmentation, growing barriers to entry and the scale advantage from the market leading positions," analysts at house broker Peel Hunt commented."

[rivaldo] 01/7/2020 07:44

Very impressive new NED appointment - the ex-CIO at EDF Energy should bring in lots of industry and customer contacts.

And the last sentence regarding INSE introducing a revolutionary "full digitisation programme" for customers reads well too:



"Commenting on the appointment, Mike Fletcher, Non-Executive Chairman, said "We are delighted to welcome Sarah to the Inspired Energy Board. Her significant experience in the energy sector and technology transformation will be valuable to the Board at a time when we are looking to revolutionise our sector with a full digitisation programme for our valued customers."

[rivaldo] 30/6/2020 11:25

Peel Hunt again reiterate their Buy and 25p target:



Good to see the one trade so far today is a Buy at almost the full offer price :o))