Share Name Share Symbol Market Type Share ISIN Share Description
Inspired Energy LSE:INSE London Ordinary Share GB00B5TZC716 ORD 0.125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +0.71% 17.625p 17.25p 18.00p 17.625p 17.25p 17.50p 1,109,308 14:00:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 27.5 3.6 0.5 36.7 100.83

Inspired Energy Share Discussion Threads

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Inspired Energy ‏ @InspiredEnergy 32m32 minutes ago More Inspired Energy Retweeted Lancashare We are delighted to announce that we have partnered with @Lancashare1, a fantastic online resource for businesses across Lancashire. For more info, visit: hxxp:// #InspiredEnergy #InspiredEnergyPartnerChannel #Partners #Sponsorship #LancashireBusiness #NewsInspired Energy added, Lancashare @Lancashare1 🌹 We are thrilled to welcome @InspiredEnergy as Sponsors of #Lancashare 🌹 Did you know that switching your energy supplier with…
cheshire man
Happy to buy more of these in the 17's now
Topped up with 6000 for me and 6000 for her @ 18.475p
Topped up with another 10,000, this one is my largest portfolio holding. I would love to know what has happened with Janet, I thought some news about her reason for leaving might have leaked out by now Divvi next month.
After doing a bit of reading, I've come to the conclusion that the adjusted eps does seem a reasonable measure to assess INSE's progress. I'm no corporate accountant, but intangible assets, such as those gained by the acquisition of Horizon for £9mln, are amortised over an appropriate period. That being the useful life of the asset. As the acquisition value is not in tangible assets, then a large proportion of the value of eg. Horizon is intangible. Hence the significant levels of annual amortisation charges. Although they don't say what the useful life of the assets are, there is £1mln increase 2016-2017 and Horizon was acquired July 2017. So I assume that if Horizon's intangible assets were valued at £5mln, then those are being amortised over 5 years. Horizon appears to have put £9mln of Goodwill onto the balance sheet, so I imagine the assets are valued at more than £5mln. Whether I've answered my own question or not, only an auditor can confirm ! Potentially then, any significant increases in adjusted profit are dependent on an increasing contribution from Horizon and any other acquisitions. Seeing as the amortisation will remain constant through its life ie. the same amount each year, once the value and life have been decided.
I suspect part of the reason these shares aren't higher is the drastic effect on reported eps that exceptionals and particularly the high level of amortised intangibles have. ie. the adjusted profit is one heck of an adjustment from the reported profit. Perhaps someone has an idea of whether these are likely to decrease, although as far as I know, one benefit is to reduce the tax bill. The problem is to work out exactly what level of growth is really happening, although the headline figures look very good. Revenue, gross profit and cash are all increasing at a high rate. I guess its a situation for working out which costs are really costs and which are accountancy strategies. As I understand it, the high level of amortised intangibles implies a high value given to various ip, software, goodwill etc. acquired when buying other companies. I'm not sure how that value is calculated or who checks its validity, particularly as its spread over many years, like depreciation, so an annual value of £2+ million seems a lot.
The AGM trading update will presumably be next month as usual Forecasts for this year remain at 1.47p-1.72p EPS, rising to 1.65p-1.95p EPS next year: 2018 2019 Date Rec EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Peel Hunt LLP 27-04-18 BUY 1.47 0.65 1.65 0.75 Canaccord Genuity 26-03-18 BUY 1.72 0.70 1.95 0.70 Given this bullish outlook comment, there could be substantial upside from here if the "strong trading" continues: "I am delighted to report on a very strong period of growth for the Group across all key areas: financially, operationally and strategically, which is a testament to the value of our customer proposition and the talent and dedication of our staff. In 2017, the Group completed three value-enhancing acquisitions within our core Corporate Division, a debt refinancing and a £9.0m equity placing, providing an excellent platform for the business to continue to deliver on our stated growth strategy. I am pleased to report the integration of all three acquisitions concluded in 2017 is progressing well and they are each performing in line with expectations. "Inspired Energy had an excellent 2017 and I am confident that 2018 will be another year of significant progress for the Group, with strong trading in the current year to date."
Seems undervalued compared YU any one any thoughts. Interesting Mitnm Gp are a large holder in both................
Indeed. A great little trading stock if you're happy with +-20% a time, and to buy on lows. Chart suggests 24 should be easily achievable short term. Then, a logical continuation would see Cannacord's target easily met. Maybe in a few months time.
I've added more recently, solid business, good growth and visibility, and right now on bouncing off the trendline, could see a couple of pence added quickly. Not going to set the world alight but another 10-20% share price growth in a year plus divvies, seems like a safe bet.
Regent reducing by nearly 2 mill shares, if my maths are right.
Maaaaaaaybe even a chance that we could finish level here.
Me too. This has a record of dropping before staircase rises. So I'm back in for a few.
Why did the CEO leave?
Added 25k @ 18.88p, hope I haven't pushed the button too soon.
Three late trades from yesterday just reported of 3.8m shares at 20p, which may well have been behind the flat reaction to the results. Meanwhile, the IC today say Buy, and their thoughts reflect mine given the expansion into the water sector and the high order book - I note that Peel Hunt again seem to have a much lower forecast than others, so can only guess they have a different calculation method: "Those who have followed our coverage of energy services group Inspired Energy (INSE) since last year will be aware of the tendency of the order book to closely predict future growth. If that trend continues, 2018 should be a strong year for the group as its corporate order book was up 39 per cent at £39m at the end of last year. Headcount in the division – the group's largest – also rose considerably to 210. But the amortisation of acquired intangibles and costs associated with three acquisitions made in 2017 dented statutory profit and earnings figures. Strip those out and pre-tax profits were up 38 per cent, while EPS rose 24 per cent. The acquisitions also pushed the net debt up 37 per cent to £14.8m, though rising adjusted cash profits meant the net gearing position reduced. Management announced two acquisitions alongside the results. The first, SystemsLink, provides energy management software while ECM, the second, provides management for both energy and water, and also adds water engineering capabilities to the group. The deals are to be funded by up to £5.9m in cash and shares. Analysts at Peel Hunt are forecasting adjusted pre tax profits of £11.1m, giving EPS of 1.5p in 2018 (2017: £8.4m, 1.3p). IC View Trading at 14 times forecast earnings, shares in Inspired are now comfortably ahead of their historic average. However, with a Bloomberg peer group average of 17.5 times and the group expanding into the water sector, we see further upside ahead. Buy."
You can't fight the main indices, only take advantage of good companies that don't respond to good results, because of overall market weakness. Positively the overall market weakness makes it more apparent which companies are actually good for the future and which have worries. In a consistent bull market its not so obvious which ones are best as they all rise, even on average results.
So as I read the trade reporting, UTW uncrossed at 30.0p this morning on its return from suspension, but recovered dramatically to uncross at 39.0p this evening. INSE meanwhile fizzled out at a spread of 20.0p to 21.0p, reflecting a loss on the day. "Go figure" feels like the appropriate way to end this post...
Peel Hunt reiterate their Buy and 25p target today: Http:// Pretty conservative imo given the low P/E together with today's acquisitions.
ok thanks Riv. Disappointing reaction to the excellent results,shame.But guess that is the state of market right now..
Disappointed with myself, not the stock but my anticipation of for what are proved to be excellent results,and then maybe some fireworks. But alas all a damp squib,ah well I really should try and not look so much, I have a comfortable average at what is a long term hold.
Yump - I meant generally, not just in reflection to today's news.
Nurdin, the consensus was the average of three forecasts from Panmure, Peel Hunt and Canaccord. They vary widely, the figure from Panmure is incorrect as it's way out of date and I don't trust the figure from Peel Hunt as it's so much lower than the other two and pulls the average down. So I wouldn't trust that consensus figure too much! Canaccord's forecast for this year was 1.82p EPS, so at worst that should have remained the same, and it may have been upgraded for today's acquisitions.
carcosa My understanding of IFRS 15 is that Revenue recognition has to be shown up front for the duration of all contracts & that this is effective on all Trading periods commenced after 1st Jan 18. So from now onwards for INSE. This also applies to impairments which is probably what is catching UTW out. It's one to watch & to swot up on, particularly for "lenders" with sizeable "write offs".
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