Inspired Share Discussion Threads

[brucie5] 23/8/2017 10:49

Doubled up this morning. Great business, and a solid looking chart. First bought in at 15p, so among my better decisions this year!

[mfhmfh] 23/8/2017 10:42

might rise more on Friday when printed edition of IC available.

[rivaldo] 23/8/2017 10:20

...followed by a further 1m share buy at 20.06p.

[rivaldo] 23/8/2017 08:32

Cheers mfhmfh.

Interesting - looks like a 430,827 share buy this morning at 20.06p.

[mfhmfh] 22/8/2017 17:41

also featured in a more dedicated article in IC under the 'tip updates' section and again recommended as a buy.

[nurdin] 22/8/2017 16:48

1gw..yes I think you are right.I had assumed the H1 eps were on a fully diluted basis but clearly they are not.Well done.

[hjs] 22/8/2017 16:33

many thanks alan

[alan@bj] 22/8/2017 16:27

It says:-
While shares in energy consultancy Utilitywise (UTW) have been on a rollercoaster over the past few months, rival Inspired Energy (INSE) have been climbing steadily and are up another 1.5 per cent this morning with the release of the interim results. The group has achieved double digit growth across the board, with revenue up 20 per cent to £12.2m and adjusted cash profit up 26 per cent. Unfortunately, this includes the net debt, which was up 56 per cent to £12.6m. We remain buyers.

[hjs] 22/8/2017 16:23

What does it say?

[mfhmfh] 22/8/2017 16:12

Buy rating reiterated in IC today

[1gw] 22/8/2017 11:44

I don't disagree rivaldo, but I just felt the initial posts comparing full-year eps estimates with the eps delivered in 1H could perhaps be a bit misleading since INSE do actually need the acquisition to perform in 2H in order to do the "same" eps in 2H as they did in 1H because of the extra 60m or so shares that will be in the denominator of the eps calculation for 2H.

If you look at the placing document, it gives the FY17 contingent consideration terms for the Horizon acquisition:

'To the extent that HEG generates an EBITDA that is equal to or more than €2,200,000 in FY 2017 (“FY 2017 Base Threshold”), Inspired will pay the Vendors a further €1,250,000. Inspired shall pay a further €1 for every €1.25 by which HEG’s EBITDA exceeds the FY 2017 Base Threshold capped at €750,000.'

So that gives an idea of what a reasonably stretching EBITDA contribution from Horizon might be in 2H.

[rivaldo] 22/8/2017 10:52

Each of the acquisitions in 2017 has been stated to be earnings-enhancing this year, and more so next year. So the increased weighted shares are only relevant in that they're more than outweighed by the increased earnings.

Nurdin and I have already posted that the H1 EPS was more than half of that forecast for the full year, so there's a strong chance that forecasts will be beaten.

You just have to read the results narrative to feel the optimism here.

[1gw] 22/8/2017 09:41

On eps, there will be a bigger denominator for the full-year won't there? They calculate eps on the weighted average number of shares outstanding during the period, so the placing shares will come into play in the full-year results.

The results are great, but perhaps not greatly better than the market was hoping for given their track record of producing great results!

[pj 1] 22/8/2017 09:29

''has provided an excellent platform for the business to continue its organic growth complemented by these significant further acquisitions''

"The announcement of the strategic acquisition of Horizon after the period end will provide a platform to leverage the capabilities of the Group with the aim of becoming a market-leader in Ireland, and the net contribution from this and the two acquisitions in H1 enable us to look ahead into FY 2018 with even greater confidence.''

"As demonstrated by the half year results and our key performance metrics including the Corporate Order Book, which continues to grow significantly both organically and through acquisitions, the Group is in an extremely strong position to continue to deliver a robust performance throughout the remainder of 2017 and beyond.''

''The strong performance and the strategic initiatives delivered during the period by the Group's team provides an excellent platform for future organic and acquisitive growth, further establishing the Group as a market leading energy consultant to UK and Irish Corporates and SMEs.''

[rivaldo] 22/8/2017 09:23

:o)) Great minds think alike.....

[nurdin] 22/8/2017 09:07

Glad you agree with my post 1482 :o)

[rivaldo] 22/8/2017 08:52

Panmure Gordon retain their 23p price target and their forecasts of 1.5p EPS this year and 1.8p EPS next year.

Given that INSE achieved 52% of this year's forecast in H1 alone, I suspect that INSE will be trading ahead of expectations given that all 3 acquisitions this year are earnings-enhancing.

[runthejoules] 22/8/2017 08:07

I doubled my investment at 20.4p. Couple of days late and rather rash given what happened last time but I'm presuming they're fully funded for the time being. And it's quite a cautious dividend stock to be rash with. GLA.

[petewy] 22/8/2017 08:03

Trading started with buys. Results in line and therefore spot on.

[melody9999] 22/8/2017 07:55

Results as expected from this superbly managed oompany. Onwards and upwards.

[nurdin] 22/8/2017 07:41

Looks to be on track to beat brokers full year eps estimate of 1.48p , specially as Horizon contribution kicks in in H2.

[silver tortoise] 22/8/2017 07:28

A well run company,considerable growth going forward. Comparing with Utw chalk & cheese.

[fizzypop] 22/8/2017 07:26

Dividends

The Board is delighted to propose interim dividend of 0.16 pence per share. This represents an increase of 23% over the interim dividend paid in 2016, being 0.13 pence per share.

The ex-dividend date is 7 September 2017 with a record date of 8 September 2016. The dividend will be paid to shareholders on 14 November 2017.

[runthejoules] 22/8/2017 07:25

Wot no results? Can't see on investegate anyway

[bennywin] 22/8/2017 07:17

What news is that ?