Inspired Share Discussion Threads

[1gw] 30/6/2022 12:55

Trouble at t’mill?

"The Inspired board notes that in respect of Resolution 10 ( a non-binding, advisory resolution to approve the remuneration report ), 22.88% voted against this resolution. The board has engaged with shareholders to understand their views, in accordance with the QCA Corporate Governance Code."

[1224saj] 27/6/2022 16:14

Why are the trades showing buys as sells and sells as buys

[rivaldo] 27/6/2022 11:09

INSE have initiated a money-saving energy efficiency scheme with British Gas for Star Pubs & Bars:



"22-Jun-2022 By Gary Lloyd

Star Pubs & Bars has used its bulk-buying power to thrash out a money-saving energy deal for its licensees that will last for a year.

etc"

[rivaldo] 09/6/2022 13:52

Good to see Money Week featuring the IC tip for INSE in its summary of share tips in its new issue:



"Inspired Energy

Investors’ Chronicle

Inspired Energy acts as a middleman for companies negotiating power contracts and also provides advice on how to reduce power usage. The rise in energy prices has increased demand for its services as businesses look to cut their costs. The order book for January and February nearly doubled in value compared with the same time last year. Growth is “not spectacular” on a year-on-year basis, but things have looked “flashier” over the past five years: the compound annual growth rate for sales over that period was 26% and cash profits grew by 8%. The shares are trading near a 12-month low. Buy the dip. 14p"

[rivaldo] 01/6/2022 11:08

Cheers for the heads up Sumday - good to see very small buying causing a tick up.

Here's a link:

[sumday] 31/5/2022 17:12

May be the kiss of death but I think the IC has just tipped Inse as a buy at 14p. Make of it what you will!

[cheshire man] 27/4/2022 10:17

Very decent write up from the Mail :-)

[1gw] 27/4/2022 10:02

Yes, I missed that one. Interesting. You can't say that this company lacks institutional support!

[rivaldo] 27/4/2022 09:53

I (and everyone else here?) missed this rather important RNS!



Gresham House bought that huge chunk of BGF's shares - they're now up to 29.72% (from 22.54%), so can barely buy any more without bidding for INSE!

That's a pretty big vote of confidence. And ties up almost a third of the shares in safe hands.

[rivaldo] 08/4/2022 09:15

As predicted, BGF are completely out now. It'll be interesting to see who picked up their 74.6m shares - perhaps Gresham House have bought even more. If they bought the entire stake they'd almost be up to the 30% obligatory takeover bid level!

BGF are an early stage growth fund so it's unsurprising that they're out after such a long-term investment.

[rivaldo] 06/4/2022 16:01

:o))

Over 433m shares traded now, including five 70m's at 14.5p plus that 74.5m as above.

Good to see the price tick up just now subsequent to those trades.

[bollers] 06/4/2022 13:36

I managed to convince myself that could be the close of an overhang too, and bought yet more. Reduces my average buying price - so makes my percentage loss look lower!

[rivaldo] 06/4/2022 10:59

Yep, 153.2m shares changing hands today! The 74,566,162 trade is the exact amount of the Business Growth Fund's holding in INSE, so I suspect this has been placed out to other holders.

Perhaps the closing of an overhang? Could be good news if so.

[bollers] 06/4/2022 10:50

.. and another 76m shares just changed hands

[rivaldo] 06/4/2022 10:09

Gresham House continue their buying spree - they've bought over another 12m shares, and now have 22.54% of INSE, or 219.8m shares:

[1gw] 31/3/2022 13:02

Off we go then. New guy reminds me of David Brent...

[rivaldo] 30/3/2022 07:39

Much improved results announced today, with 1.3p EPS being ahead of Shore Capital's expectations, a higher Corporate Order Book and an increased dividend.

The outlook is also confident, with Q1 trading in line and particularly as regards "the orderbook values of new customer contracts signed in the first two months of the year being some 93% ahead of the previous year".

Software Solutions and ESG Services are starting to deliver material revenues from a standing start and look to be developing well.

The core business is recovering well as Covid measures disappear, and going forward looks in very good shape.

[rivaldo] 25/3/2022 07:36

INSE are one of Strategic Equity Capital's top holdings, and in today's results they have a very useful summary outlining their current views on INSE:

"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

Full year results, reported post period end, were in line with expectations despite a number of short term headwinds. Firstly, ongoing Covid restrictions over the period continue to weigh on corporate energy usage, which has a knock on effect on the financial performance of the company. Corporate energy consumption has now largely returned to pre-pandemic levels, and as such this drag on performance is likely to unwind into 2022. Secondly, extreme conditions in wholesale energy markets impacted the timing of renewals and new customer wins.

Over the medium term however, we believe that conditions only serve to emphasise the value of Inspired’s proposition, namely helping corporate clients optimise their energy usage, procurement and hedging requirements. Within this market context we view the 7% increase in the order book as being a creditable performance and boding well for the outlook into 2022. Recent acquisitions, Businesswise and GEM, were also successfully integrated in the period, adding to the company’s market leading position in its core energy assurance services space.

At a strategic level, the recently launched ESG consultancy and data measurement services started to gain traction with £1m of revenue delivered over the course of the year. We are encouraged by the operational performance the company to date and look forward to more benign trading conditions, and further strategic progress, in 2022."

[nchanning] 21/3/2022 08:54

If the worst case scenario is really a 3m hit to EBITDA this year , a switch to new suppliers and 2023 is unaffected how much should the share price have gone down ? 2-3% imho , just a lot of very skittish 'investors' around at the moment . Fired a few barrels at 13.6p

[rivaldo] 21/3/2022 08:36

Hmmmm, bit of a setback there. However, wiping 3p off the share price (or £30m of m/cap) seems over the top imo for an event which in the very worst case would take £3m off EBITDA.

Either the UK's Gazprom arm will be sold/hived off to someone more acceptable, or their customers will have to find replacement suppliers pronto with INSE's help, so I'm doubtful the eventual impact will be anywhere near the full amount and perhaps will be pretty immaterial if an orderly replacement supplier is found.

[rivaldo] 25/2/2022 10:23

INSE are highlighted in the new Shares Magazine in an article about investing in energy-efficient companies:

"Inspired (INSE:AIM) is a consultancy focused on the corporate energy market, in particular bigger users, advising them on how to get the best deals from their suppliers as well as how to consume less energy to keep their bills and their
carbon footprint down.

Unsurprisingly, its energy optimisation business picked up momentum in the second half of last year and group revenues for 2021 were 48% higher than the previous year, most of which was due to organic growth.

As the firm says, the global energy crisis has made energy ‘a high-priority board level topic’ and it has been working flat out to help customers manage energy prices and reduce their usage.

Record high prices have led some customers to delay their contract renewals while others have moved to short-term contracts until there is more clarity. Once prices start to fall, the firm expects contract renewals and durations to increase which will benefit its energy sourcing business."

[rivaldo] 09/2/2022 09:51

Good news yesterday - a prestigious appointment:



"PCMG named as supplier on CCS’s Debt Resolution Services Framework
8th February 2022

Professional Cost Management Group (PCMG), part of the Inspired PLC Group, has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services Framework (RM6226).

PCMG secured its position on the framework to help public sector organisations, as well as private organisations acting as managing agents — access to their forensic Energy, Water & Telecoms Cost Recovery Audits. Public bodies include:

NHS
Local authorities
Higher and further education
Emergency services
Registered charities
Central government

Andrew Stubbs, Director: Compliance & Reporting, said:

We’re thrilled that PCMG has secured a place on such a coveted framework. It’s brilliant news for all public sector clients, to be able to access PCMG’s world-class experience and expertise. Congratulations to all the team for all their hard work and success!”

What is the Debt Resolution Services Framework?

The framework is designed to bring together a range of debt collection and data services into a single commercial agreement. CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. CCS helped the public sector achieve commercial benefits equal to £2.04 billion in 2020/2021 — supporting world-class public services that offer the best value for taxpayers.

The framework runs for four years, starting in December 2021, and replaces the now expired Spend Analysis & Recovery Services II framework (RM3820).

PCMG is proud to have been selected in:

Lot 17 – Spend Analytics and Recovery Services (Utilities Spend Recovery Review)
Lot 18 – Spend Analytics and Recovery Services (Telecoms Spend Recovery Review)

James Paine, PCMG Director – Business Development, commented:

It’s a fantastic achievement and a true reflection of the great success we’ve already demonstrated across the public sector for the last 25 years. As the UK’s leaders in utility and telecoms Cost Recovery Audits, this framework will allow our team of experience analysts to showcase our expertise and continue recovering millions in much needed refunds and savings back to the public sector”."