Inspired Share Discussion Threads

[1gw] 18/10/2021 13:33

I was wondering the same thing rivaldo. Holdings notices for three institutions buying this year (5m shares Gresham, 5m shares Chelverton, 4m shares Slater) but no holdings notices for significant shareholders selling.

[rivaldo] 18/10/2021 11:50

RNS - Gresham House continue to buy. They now own over 20%, with 195.45m shares (their last increased holdings RNS was almost a year ago with 190.2m shares, so they've added over 5m more shares).

The last three holdings RNS's have all shown institutional buying, from Slater, Chelverton and now Gresham House. They seem to be taking up the slack from bored PIs....

[rivaldo] 12/10/2021 15:33

INSE have launched a new COP26 Hub "with a range of new resources to help businesses better understand how the announcements made at the forthcoming UN Climate Change Conference (COP26) will impact them and their net zero plans. This includes insightful blogs, downloadable guides, a webinar and the chance for businesses to get involved in live Q&As with energy experts":



Here's the link to INSE's COP26 Hub:



"For those who want to get involved, have their say and get their questions answered, Inspired Energy is hosting two live Q&A sessions with its experts during COP26. They will take place from 12:30-1pm, on 4th and 10th November. The first live session will be hosted on Twitter on the topic of ‘Navigating COP26’ and the second on LinkedIn for a discussion on ‘Decarbonising transport’ using #AskInspired. Inspired Energy will mark the end of COP26 with a live webinar to present the highlights of the conference for businesses and the chance for a final Q&A with the team on 12th November."

[1gw] 30/9/2021 18:22

I agree it seems like interest in their services should be increasing as a result of the spike in energy prices. With very high gas and power prices, though, it is possible the usage of some of their bigger (i.e. very energy intensive) clients may be going down (think fertiliser company stopping operations because of high gas cost).

[masurenguy] 30/9/2021 09:37

Interesting analysis - cheers Riv.

[rivaldo] 30/9/2021 08:45

Logically it seems to me that this is a time when demand for INSE's services will be INCREASING given the energy market's volatility.

Strategic Equity Capital this morning announced their results to 30th June - and INSE are a new holding in their portfolio. So much so, that INSE are now their fifth largest holding, at a cost of £9.1m and 6.3% of their total portfolio.

Here's the summary of their investment thesis:



"Inspired (formerly Inspired Energy)

Description

Is a leading UK B2B corporate energy and ESG services specialist. The company works with their clients, generally large corporates, to procure energy cost effectively, audit and report their usage of it, and help them to optimise their energy efficiency. The company has a strong focus on sustainability with a number of services that help their clients measure, report and improve their ESG performance.

Thesis

Inspired is a leader in the growing, but fragmented, corporate energy services market. The increasing complexity of corporate energy requirements, and increasing regulatory and sustainability imperatives will support continued strong organic growth for the company with a likely ‘flight to quality’ leading to further increases in market share.

The business model of the business is strong with high quality of earnings from long term contracts, high margins (40% EBITDA margin) and return on capital and good cash conversion. The fund’s initial investment was made as part of a placing intended to strengthen the balance sheet and provide firepower for the company to undertake a number of bolt on acquisitions to continue to consolidate its position in the market. Although the company’s revenues were depressed due to lower corporate energy usage over lockdowns, there is significant opportunity for a rebound in revenues, and in the share price, when there is a return to a more normalised environment.

Over the medium term there are strategically attractive opportunities, both organic and inorganic, to gain market share and broaden the range of services offered, particularly in ESG-related areas.

Developments in the period

The company delivered results that were in line with expectations, although trading remained subdued due to Covid restrictions over the period weighing on corporate energy usage. The core corporate division experienced a significant 20% organic decline in revenues as a result, although through management actions margins and cash conversion was robust.

The corporate order book grew 10% yoy which bodes well for the company’s trading prospects into the latter stages of 2021 and beyond. The non-core SME-focused division, which represented less than 10% of Group revenues was weaker, and in November the company announced that they had sold this part of the business to the management team for £10.5m. Over the period four acquisitions were completed: Ignite Energy, previously a 40% owned associate that provides energy optimisation services; and LSI Energy Holdings, Businesswise, and GEM, all of which provide energy assurance services and bolster the company’s core offering.

In addition to this, the company launched a range of ESG consultancy and data measurement services; following this the company renamed itself to Inspired plc to reflect the increasing importance of non-energy related services to its proposition. Strategically, all of these developments are positive and are in line with our investment thesis."

[nchanning] 24/9/2021 16:29

I do wonder whether some of the thicker citizens of AIM might think that residential energy suppliers going bust might affect Inspired

[buoycat] 24/9/2021 13:31

Sentiment clearly against the energy sector at the moment. The shares seem to have trodden water for some time now. However I paid 4p for a large portion of my shares and the dividend isn't bad so I can't complain. Just hoping that growth and the share price will accelerate in the near future as the business develops!

[masurenguy] 24/9/2021 11:46

Cut my holding by 30% this morning. There has been a downward momentum since the begining of this month with the price falling by over 20% during the past 3 weeks. Will maintain my residual 70% and may add back more if the price declines further over the next few months.

[riverman77] 23/9/2021 16:18

More likely to be concern relating to the energy crisis,what with a couple of suppliers already going bust. Not clear how this would impact INSE but should put out a statement to clarify.

[1gw] 23/9/2021 15:54

Seems like someone is selling today.

[harry the haddock] 22/9/2021 15:32

i sold 75% of my holding a couple of weeks ago. Have held for years but it's never gone anywhere and whilst i still like the company and the concept there's better opportunities out there imho

still kept a stake as i hope one day they will realise their potential, but we say that every year it seems

ps INSE gets a mention in this. Sounds like Mr pilley has been a naughty boy

hxxps://www.blackpoolgazette.co.uk/news/crime/fleetwood-town-owner-andy-pilley-accused-of-fraud-and-money-laundering-and-appears-in-court-in-blackpool-3392290

[rivaldo] 20/9/2021 12:15

Exactly 1gw. INSE are in prime position to help companies to cope in these volatile times for energy prices - they've issued this article today:



"Unprecedented Energy Market Price Volatility
20th September 2021

In recent weeks wholesale energy markets have experienced unprecedented levels of volatility, with both spot and futures markets surging to all-time highs. Inspired Energy’s Market Analyst Lewis Godfrey comments on the market changes.

Much of the recent turbulence has been borne from deep-rooted concerns over European gas supply security into Winter. A combination of depleted regional storage levels, suppressed imports of Liquefied Natural Gas (LNG), and variable sentiment around the RUS-GER Nord Stream 2 gas pipeline have buoyed market prices.

In power markets, weak renewable and limited nuclear power generation has accelerated bullish markets, with more expensive gas- and coal-fired power plants having been called on to cover generation shortfall. Such tight spot market fundamentals have weighed heavily on the forward curve, with market participants pricing in further supply tightness risk for the Winter-21 period and beyond.

Prices in both spot and seasonal futures benchmark reflect record high levels for both UK gas and power, a result of combined bullish signals in wholesale market

Last week the wholesale market saw further market turbulence brought on by the unplanned outage at the GBR-FRA IFA-1 power interconnector. On Wednesday 15th September an IFA-1 power converter caught fire, knocking out 1 GW of import/export capacity. Both spot and futures contracts subsequently surged on this news, with National Grid’s expected return date of Mar-22 confirming market fears over capped UK power capacity for Winter.

Such severe market volatility may be incentivizing consumers to hold off on making procurement decisions. Inaction in such a turbulent market adds further budgetary risk, with out-of-contract levels at a premium to contract terms prior to the delivery window.

Understanding deferral risks and keeping up-to-date with market dynamics is critical to limiting potential risks to your business. To find out more about how Inspired Energy can help you navigate an extremely volatile market, please get in touch by emailing [e-mail], or call us on 01772 689 250."

[1gw] 16/9/2021 09:47

Very topical. I imagine many UK companies are looking at (or to see if they have any) mitigation plans for high energy prices and interruptions.

"High gas prices force closure of two UK fertiliser plants"


"Why Europe fears a gas crunch even before winter demand begins"

[rivaldo] 09/9/2021 09:39

New article on how INSE can advise re power resilience given the risks of power outages, volatile renewable energy etc:

[rivaldo] 07/9/2021 09:54

To confirm (now I'm back from hols!), consensus from 3 analysts is now 1.3p EPS this year rising to 1.52p EPS next year.

I haven't seen any comment anywhere on the internet from either Shore Capital or Peel Hunt (not even on Research Tree). The CEO is doing his best to spread the word via interviews etc, but the joint brokers don't appear to be getting the message out there at all.

[1gw] 02/9/2021 14:19

Proactive have an interview with the CEO in which he highlights the increased interim dividend as a sign of confidence in how the business is developing.

[rivaldo] 02/9/2021 13:08

On hols at present - today’s update reads well, particularly the confidence in meeting expectations (which from memory are 1.3 p EPS rising to 1.5p EPS next year?).

More acquisitions look on the cards, and a full period’s trading without the lockdowns of H1 should see the group operating at full steam ahead.

[1gw] 02/9/2021 09:00

"This announcement together with the financial statements herein and a presentation in respect of the interim financial results are available on the Group's website, www.inspiredplc.co.uk"

Anyone found the presentation? Are they not doing an analysts' presentation or perhaps InvestorMeetCompany?

[1gw] 02/9/2021 08:49

Still well below the radar, judging from the trading activity this morning.

[masurenguy] 01/9/2021 15:40

Added a few today ahead of tomorrows interims.

[1gw] 31/8/2021 11:49

Another company below most investors' radars, it would appear, notwithstanding your efforts rivaldo.

Nice shareprice trend off the November low. Fingers crossed for a good outlook on Thursday to give it another boost.

[rivaldo] 25/8/2021 08:26

New post explaining how INSE can reduce companies' energy bills by:

- timing energy purchase
- increasing efficiency/reducing waste
- checking bills

[rivaldo] 19/8/2021 12:25

New article from INSE about the Government's new Hydrogen Strategy announced this week, and "how it will meet its ambitious target of 5GW of low carbon hydrogen production capacity by 2030":