Inspired Share Discussion Threads

[rivaldo] 02/1/2024 10:02

HNY to all holders here.

Nice start to 2024 - moving up nicely once more on relatively small buying, so hopefully not much stock around.

[eagle eye] 20/12/2023 19:21

Today 68-71p +11.2% and +25% over the past 10 days.
Inspired looking a bit inspired LOL.

[1224saj] 20/12/2023 11:56

Up 20% off the low, somethings bubbling

[rivaldo] 20/12/2023 11:08

Up again - but hopefully lots more upside from here as the outlook remains extremely promising and the fundamentals good value.

[1gw] 15/12/2023 17:30

The worm turns?

[1224saj] 07/12/2023 10:33

At this rate we'll be at the price before the dilution ?

[diesel] 07/12/2023 08:49

This is heavily invested in by inst’s none of which has sold, they are on track to meet their consensus year end numbers, I’m tempted to sell the small holding I have here, just a gut feeling that I’d be selling at the bottom!

[1gw] 05/12/2023 09:55

Distinctly uninspired shareprice performance here, although the dividend yield is getting better!

[earwacks] 29/11/2023 06:08

If you sell 6 million shares you got to spend it on something

[pj 1] 28/11/2023 20:20

I'd better not mention Private Plates.....

[pj 1] 28/11/2023 20:19

Well, these ex Directors were driving daily in Ferraris and Lamboughini's to work and back, all paid for by shareholders. Never mind the fuel Bill..... and they are supposed to reduce Bills....?

Ill let you draw your own conclusion.

[earwacks] 27/11/2023 11:10

Founding directors regularly exit without an ensuing collapse in share price. The problem for this stock seems to be their appalling record in communicating with the market never mind shareholders. If the business is as sound as Dixon claimed at the last interim, he has an amazing way of disguising it. Was he kicked out or did he retire? If its the Fletcher sale you are referring to that was a deal with an institutional holder who was bound in for 12 months. Just watched the 2019 presentation about the purchase and potential of Ignite where he talks about their 10 customers creating £12 million revenue and hoping to sell on to their own potential 500 customers. What happened there I wonder. There was a good example of how hard it can be to get customer confidence, with the story about getting WH Smith on board, after showing how they could save them a lot of money. Then psycho Putin got going with his desire to become some kind of Czar. Initially Inse claimed they would benefit from this, obviously not yet. The question is will their ambition ever get back on track. Full year will reveal more in January

[pj 1] 26/11/2023 20:56

Note. Should have followed the founding Directors exit.

[earwacks] 24/11/2023 11:38

We are all stuck here. With the issuance of another 56000 shares for their dodgy schemes we celebrate with a new low. Possibly the worst company I have ever invested in terms of shareholder communication or news flow. Pretty illiquid stock. Have tried selling a few on several occasions. Maybe 1 at a time, which is obviously what has been happening here for the last few years, except when Wotton decides to mop up, but think even he has maxed out now. End of january is the next time they are ordained to speak to the market.

[1224saj] 23/11/2023 17:42

We wish, I'm stuck in this dog of a share and the BOD seem incapable of talking their own company up :-(

[diesel] 22/11/2023 22:53

Hey, it went up .5p today, we’re on our way!

[rivaldo] 17/10/2023 11:03

Liberum have just issued a whopping 32 page Buy note on INSE, having raised 2024 and 2025 EPS forecasts by 5% after the recent interims.

They have a 200p target price, with 345p based on DCF,and they forecast 13p EPS this year, rising to 13.7p EPS next year.

They summarise:

"Inspired Plc*
Differentiated model can take advantage of structural tailwinds

The H1 23 results were in line. We make four key points on the business:
1) Inspired has evolved from a Third-Party Intermediary (TPI) in the energy market to a technology enabled services provider;
2) synergies between divisions help cross selling and make Inspired uniquely qualified to help with both sides of the energy equation (cost + consumption);
3) underlying EBITDA is expected to double in 5 years (FY 22 – FY 27), indicating 44% upside to our FY 25 estimate;
4) the business is becoming less reliant on Energy Assurance profits, which helps increase earnings quality. In terms of valuation, a CY 24 P/E of 5.1x is attractive given the growth.

Key points
H1 23 results were in line;
Optimisation was the star performer.
Net debt (exc. leases) increased from £37m at FY 22 to £49m at H1 23.
Contingent consideration being paid.

Value drivers
Scope to grow in newer areas like Optimisation, Software and ESG.
These should accelerate growth and increase the valuation multiple.
Energy crisis drives Optimisation.

What market misses
A £3.6bn CLV is addressable.
Software and ESG will help margins.
Assurance <50% of FY 23 EBITDA.
Possible Ignite deferred consider’n.
Target to double EBITDA by FY 27.

Is there value?
A CY 24 P/E of 5.1x is GARP.
SoTP suggests TP of 200p.
345p from DCF, with 9.2% WACC.
Currently a low carbon beta.
But ESG credentials add to appeal."

[earwacks] 30/9/2023 10:58

Cheers Saj. I got the usual no response from investor email. All is well ? With the share price falling back to new lows again. I know they cant direct the share price, but clearly increasing debt does not impress the market for such a lowly venture, especially when it exceeds profit.there is no disguising the figures.Why has nobody bought it out at this alleged bargain price? Has not proved itself to the market yet. Just my luck if this is the one company Wotton has got massively wrong. Actually there are other like rcdo and brk, but nowhere near as bad as Inse. Fortunately out of both those now. The thing is can the money be put to better use? The divi is ok but not great, paid out of debt. Will be lots more than fund managers looking for a decent exit. Should have taken 10p or a pound equivalent. Going to be a rather long haul otherwise.

[rivaldo] 27/9/2023 12:26

Strategic Equity (Ken Wooton) own a £10.3m stake in INSE - their 6th largest holding - and issued their prelims today. They achieved an 8% rise in NAV, pretty good in these markets.

They had this to say about INSE:

"Inspired, which de-rated on no specific news and despite delivering strong results and reaffirming expectations in line with market consensus"

"Developments during the year"

" Strong FY22 results, Q1’23 momentum and FY23 outlook
Demonstrable progress in cash conversion and cross-sell
New incentivisation agreement within its energy optimisation division, with performance hurdles significantly ahead of market forecasts"

[1224saj] 26/9/2023 15:49

There PR company called me back. They say all is well :-(

[1224saj] 25/9/2023 18:00

Ear, I'm going to attempt to call the CEO tomorrow.