Inspired Share Discussion Threads

[1gw] 28/10/2016 13:28

Well, I suppose it would be reasonable to hope that some private investors and maybe some other institutions would see how happy the chosen institutions apparently are to take shares at this price and would want to follow them in even if it meant paying a bit more.

Those are 2 large sales to put into the market given the normal trading volumes in INSE: 34m shares in January and 38m shares today.

[rivaldo] 28/10/2016 09:28

Good news that institutional investors are happy to take £5m of shares between them at 13.25p.

The good news story here will continue if the Thorntons wish to retain their reputation and sell further blocks of shares in the long term.

The January update should therefore hopefully confirm the outlook from the interims:

"The momentum built in the last two years continues unabated with the second half of the year starting strongly. Since 30 June 2016, a major retail focussed corporate customer of STC, having engaged with Inspired's Risk Managed Team, has entered into a contract that is now the largest signed by the Group to date. We look forward to delivering another set of strong results for the year ended 31 December 2016. With the continued growth in the Corporate Order Book the Board is confident that the Group is well positioned for the medium term."

[1gw] 28/10/2016 08:31

They seem to have set 13.25p as their exit price. Same price when they offloaded in January.

On the plus side though, the Thorntons are now down to 16% equity between them, so assuming they want to retain a meaningful ongoing interest in the business I would have thought there is a limit to how much more they would be prepared to let go. And at least there is a 12-month lock-in now.

Of course if they don't intend to retain a meaningful ongoing interest that might be more worrying...

[trier1] 28/10/2016 08:25

Well we now know why they fell back. It the are going to sell more in 12 months it is going to be very difficult for the shares to rise much as the institutions can just wait to buy

[rivaldo] 06/10/2016 15:57

Yep, good to see a buy at 14.8p just now. Hopefully INSE's breakout is approaching....

[wanttowin] 06/10/2016 13:44

Third time in a month we are testing 15p, I don't think it would take much buying to push this through.

[rivaldo] 30/9/2016 09:01

Panmure's forecasts have increased for next year to 1.35p EPS (with a 0.45p dividend).

At 14.5p INSE are looking better and better value.

OT : luffness, that's not the point - in today's case INSE have revealed the director's resultant holding, but in most cases now the new format does not give the resultant holding, so you have to go looking for it in Annual Reports etc, which is a waste of time for everyone compared to old RNS's which generally gave all the info needed.

[wanttowin] 30/9/2016 08:46

Seems this new non exec is a specialist in acquisitions,I wouldn't be surprised to see further deals coming. Janet and her team seem really driven to expand and keep this fantastic growth going, it gives me great comfort as a shareholder. Testing that 15p again !!

[luffness] 30/9/2016 08:36

if you find subtracting the notified amount from the resultant holding a bit tricky why not just use www.directorsholdings.com

[pj 1] 30/9/2016 08:27

well, we are now at a 2.5 year high going back to the spike in March 2014. So definite breakout as I type.

[rivaldo] 30/9/2016 08:24

Lufness, I've looked at the last Annual Report and it is indeed a maiden purchase, which is very good news.

However, my OT note made it obvious that in this new disclosure format there is no way of immediately telling this as it does not disclose prior holdings. Therefore whenever in future any PLC director buys or sells shares there will be no way of telling immediately whether that transaction is material to him in relation to their prior holding.

I can't put it any clearer than that!

[rivaldo] 30/9/2016 07:49

Yep, great to see an NED buying £50,000 of stock - and at 14.5p too.

OT : what's up with the regulators? The new format means you have no idea whether it's a maiden purchase, whether the buy or sell transaction is material if the director already owns shares etc etc? Bonkers.

[funkmasterp12] 30/9/2016 07:13

New guy puts his money where his mouth is, nice.

[rivaldo] 29/9/2016 22:50

Panmure reiterate their Buy and 19p target here after today's acquisition:

[pj 1] 29/9/2016 21:18

I wonder if Holt is/will be reducing his holding

[melody9999] 29/9/2016 16:34

Agreed WTW. Bob Holt was good figurehead particularly in the early days - but my guess is that by now he may have fully imparted his wisdom - and it is others that will drive the profitability

[wanttowin] 29/9/2016 14:45

I have great respect for management here, Janet and the team are really on the ball and yet another successful acquisition completed. Surely it cannot be long now before we break that 15p resistance,20p would seem a more realistic share price GLA

[rivaldo] 29/9/2016 10:59

Cheers oregano - at 14p that's a P/E of only 10.9 based on 1.28p EPS. Even cheaper!

[the big fella] 29/9/2016 09:00

Acquisition looks good and with the expected synergies will probably deliver more than the 0.7m currently. If this finally breaks 14p it could be like a coiled spring.

[oregano] 29/9/2016 08:51

Shore upgrades next years EPS to 1.28. so 20% growth on a pe of 12.5. Peg of 0.6. pretty cheap.

[edale] 29/9/2016 08:25

Bob Holt recently took on a big job as executive chairman at LAKE to oversee their recovery plan. He is also chairman of Mears so a very busy man.

[1gw] 29/9/2016 08:12

OK, thanks rivaldo. That is plausible, but still strange why it would be mentioned in the other company's rns but not in this one. I suppose by "planned" INSE mean they had a succession plan in place and perhaps it was just accelerated somewhat by Bob Holt's health condition.

[rivaldo] 29/9/2016 08:02

Holt's standing down for health reasons only - I saw an RNS from another company yesterday where he also stood down which made this plain (can't remember which).

[duxy786_2] 29/9/2016 08:02

More in the pot, brewing nicely.