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INSE Inspired Plc

59.50
-3.00 (-4.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Inspired Plc LSE:INSE London Ordinary Share GB00BR2Q0V58 ORD 1.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -4.80% 59.50 58.00 61.00 62.50 59.00 62.50 59,874 16:23:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 88.78M -3.63M -0.0360 -16.53 59.95M
Inspired Plc is listed in the Business Services sector of the London Stock Exchange with ticker INSE. The last closing price for Inspired was 62.50p. Over the last year, Inspired shares have traded in a share price range of 55.40p to 122.50p.

Inspired currently has 100,759,780 shares in issue. The market capitalisation of Inspired is £59.95 million. Inspired has a price to earnings ratio (PE ratio) of -16.53.

Inspired Share Discussion Threads

Showing 2626 to 2649 of 3125 messages
Chat Pages: Latest  113  112  111  110  109  108  107  106  105  104  103  102  Older
DateSubjectAuthorDiscuss
17/8/2020
08:54
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
17:41
https://www.ofgem.gov.uk/publications-and-updates/fairer-energy-deals-microbusinesses
ge0fft
28/7/2020
16:43
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.
melody9999
28/7/2020
12:05
So all gone through ok, but uninspiring participation in the open offer.
1gw
27/7/2020
15:25
Pretty unimpressive shareprice behaviour ahead of the GM, but we've ended up at 15p midpoint. What were the chances?
1gw
17/7/2020
06:48
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.

masurenguy
14/7/2020
10:59
...and Slater has increased to 5% too:
rivaldo
14/7/2020
10:35
Fidelity are a new major shareholder, with 5.1% or 36.3m shares:
rivaldo
10/7/2020
06:18
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.

rivaldo
03/7/2020
16:07
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.
1gw
01/7/2020
11:11
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
06:44
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
10:25
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))

rivaldo
30/6/2020
07:56
I thought that was a good solid update. Strange to see no trades going through.
1gw
30/6/2020
06:27
That reads pretty well. The order book has continued to rise since the year end, and whilst INSE had a strong Q1 until COVID-19 came along, it's remained profitable and "strongly cash-generative" even since then and will now benefit from lockdown easing.

Interesting commentary too about acquisitions, which suggests that there may be activity here before too long.

rivaldo
30/6/2020
06:18
AGM Statement

Chairman, Michael Fletcher, will provide the following update on current trading at today's AGM:

"Whilst the Group and the rest of the UK are undoubtedly experiencing a period of economic disruption, the Board believes that Inspired Energy remains in a strong position benefitting from a very significant order book, which has increased to £61.1m as at the 31 May 2020 (£60.1m as at 30 April 2020), underpinning a profitable and cash generative business that has substantial liquidity at its disposal. Consequently, the Board believes the Company is well placed to continue its strategic progress as activity levels in the economy recover.

The Group was largely unaffected by COVID-19 until very late in March and the business delivered a strong performance in the first quarter, with trading in line with the Board's expectations at the time and ahead of the same period last year. Whilst operational disruption has been more evident since the end of the first quarter, the Group has remained both strongly cash generative and delivered profits ahead of management's prudent downside scenario when resetting its banking covenants in May.

The Group's balance sheet position remains strong, having recently refinanced its banking facilities to October 2023, with an option to extend to October 2024. In addition to cash and cash equivalents of £11.5m on hand as at 29 June 2020 (£11.7m as at 30 April 2020), approximately £14.0m of the Group's £60.0m Revolving Credit Facility is undrawn with an additional £25.0mn accordion option available. The cash and cash equivalents balance at 29 June 2020, includes the payment, in May, of £3.0m of contingent consideration to the vendors of Ignite Energy Ltd for achievement of certain financial performance targets for the year ended 31 December 2019 .

The Board has been encouraged by the performance of the Group during this very challenging period and believes it is well positioned to respond effectively as activity levels continue to recover. Inspired Energy continues to be a leading player in its markets, the evolution of which may well be accelerated by opportunities presented by the current environment. The Board believes that there will continue to be significant scope to progress its successful acquisition strategy moving forward and will look to act decisively where value-enhancing opportunities are presented.

masurenguy
28/6/2020
07:08
Slater Investments have increased their large indirect holding to 34.63m shares, up from 34.36m shares. Whereas their small direct holding has decreased to 0.46m, from 1.3m. Some swings and roundabouts going on.

Meanwhile, news of another partnership for INSE:



"Crowberry Consulting Ltd in new partnership with Inspired Energy Plc
June 26, 2020

Crowberry Consulting® Ltd is proud to announce a new strategic partnership with Inspired Energy Plc. Crowberry Consulting based in Chorley, Lancashire is a sustainability consultancy delivering bespoke management systems, training and auditing to energy, ethics and environmental standards. Inspired Energy Plc is the UK’s leading energy consultancy, working with corporate and SME businesses to optimise the value of every pound spent on utilities. Headquartered in Kirkham, Inspired Energy offer a range of specialist solutions aimed at lowering bills and protecting businesses against rising energy costs and changes in legislation.

Ben Beetham, Director of Partnerships at Inspired Energy plc, said: “We’re really excited to announce our strategic partnership with Crowberry Consulting. As a Lancashire business, we already have strong relationships with several local businesses, but this partnership will continue to strengthen our ties with the Lancashire business community.”

Andrew Nuttall, Managing Director of the group’s SME division adds: “We know that a lot of businesses, especially SMEs, are feeling the pressure at the moment. We’re supporting business owners across the region to make sure they come out of this crisis as strong as possible. By working with us, you will get access to our specialist teams that are highly experienced in dealing with the energy spend demands of your business.”

Becky Toal, Managing Director of Crowberry Consulting said “We are delighted to have partnered with Inspired Energy as their services clearly complement our product offer to customers. As we emerge from the pandemic lockdown our customers will be looking for great energy deals and technology support, as well as help with the net carbon zero agenda. We look forward to a productive partnership in Lancashire and UK.”

rivaldo
27/6/2020
17:51
Sadly I'm not sure. All energy consultants have a fiduciary duty to their client and this means their commission must be fully disclosed. Case law fully supports this and this applies to sme and corporate clients.
ge0fft
26/6/2020
13:53
Good news for INSE I'd have thought. This will help to get rid of a load of the smaller or more devious players in the market, to the benefit of consolidators like INSE who are the market leader and have always been a trusted and responsibly run company (although SMEs are a very small part of INSE's business anyway).

Unlike Utility Alliance for example - which is apparently run by former UTW workers!

rivaldo
26/6/2020
10:13
This has major implications for all bc energy consultants!
ge0fft
24/6/2020
12:56
https://t.co/v8KGCMSo88
ge0fft
23/6/2020
10:59
Good to see buyers now paying the full 18p offer.
rivaldo
19/6/2020
12:49
:o)) I wondered if anyone would spot that....I assume they mean getting off the sub-optimal ones and onto the ones they SHOULD be on.....
rivaldo
19/6/2020
11:14
Nice. Not sure about advising them on sub-optimal tariffs though!
1gw
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