Inspired Share Discussion Threads

[rivaldo] 07/11/2017 15:01

Continuing to bounce nicely. Nice £14,000 buy at the full 21p offer just reported.

[buoycat] 03/11/2017 15:02

So far, glad I topped up at 17.5

[bateleur] 03/11/2017 14:55

@1gw You called it. SC buyback seems to have done the trick.

[1gw] 03/11/2017 08:33

Happy to report it's not me pushing it up this morning so it looks like someone else is buying.

[1gw] 02/11/2017 15:36

I think there might be some cause (the buy) and effect (the price rise) there Xajorkith. Most of my buys yet to show (at least on advfn) and they will now show as sells presumably if the price stays where it is. Hopefully though it's not just me putting a bit of volume through.

[xajorkith] 02/11/2017 15:27

Hopefully so 1gw. Seems a well timed buy so far :)

[1gw] 02/11/2017 15:13

I've bought some more, hoping that it's on the turn now.

[1gw] 01/11/2017 08:08

I think you can look at that 2 ways.

Simon Clayton dumped his last lot of shares pretty much as soon as the lock-in provision ended didn't he?

So you can read this as SC still not being interested in holding INSE shares at the current price. And the board probably didn't want to create an overhang so it was mutually attractive to buy him out.

Effectively they've agreed to do a share buyback at the current price, rather than risk SC trying to sell immediately and take the share price down with him. So I agree good news for shareholders, but principally because it avoids the creation of an overhang.

[rivaldo] 01/11/2017 07:31

Good news - not only has the STE Energy/Carbon Holdings acquisition earned almost all of its deferred consideration, which was based on a "challenging financial target", but that deferred consideration will now be paid in cash rather than shares, so less dilution for us shareholders:

[melody9999] 30/10/2017 20:02

disagree hornshaw. this is a longer term business with annual or multi year contracts and a high degree of long relationships. but the contracts are with the business, not the individual. its not easy for a new business to acquire the knowledge and contacts that allow INSE to succeed .. if there was there would be more succesful competitors.

[homshaw] 29/10/2017 01:48

This isn't an industry with Hugh barriers to entry for a person with this lady's contacts so the circumstances of her departure are important.

[brucie5] 27/10/2017 15:36

Disappointing. This was one of my largest risers. Still, unless it's hiding something from the market, this will be a bargain soon enough.

[pictureframe] 27/10/2017 13:32

Think I will sit on the side for the time being the stepping down of the founder has me spooked.

[rivaldo] 27/10/2017 12:20

INSE stated only 2 weeks ago - on 11th October - that:

"The Group has an established acquisition strategy in place and the strong performance in the first half of 2017 has continued with the Group trading in line with the Board's expectations".

Panmure Gordon's last forecast was 1.5p EPS this year rising to 1.8p EPS next year.

So INSE are now on a single-figure P/E going forward. Looks to me like stop-losses have been hit, but I agree that this is indeed an opportunity imho.

[xajorkith] 27/10/2017 11:23

Just poor sentiment as far as I can see.

Needs a trading update to allay concerns following the departure of JT.

Good entry point on a longer term view imv.

[wanttowin] 27/10/2017 10:46

Jeez whats going on here ??

[pj 1] 26/10/2017 17:00

1gw. I have to admit I had forgotten about the restrictions! :-//

[yump] 26/10/2017 16:54

Well unless the reason for leaving coincides with a reason for selling shares that is something to do with the business itself, I don't see the problem. Letting imagination run wild isn't a good investment strategy.

[1gw] 26/10/2017 16:42

PJ1 - re your comment on "to make sure JT isn't going to offload any".

The last placing was almost exactly a year ago, on 28th October. In the literature it said:

"Janet Thornton, Matthew Thornton and Praetura Ventures (1) LLP have entered into a two year restriction on sale of their Ordinary Shares (the "Locked-in Parties"). The Locked-in Parties have entered into irrevocable undertakings that they will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in ordinary shares for a period of 12 months following the Placing, save in certain very limited circumstances. The Locked-in Parties have each also undertaken that they will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in Ordinary Shares for a period of 12 months following the first anniversary of the Placing unless such disposal is effected through the Joint Bookrunners, to ensure an orderly market ("Orderly Market Period"). Any sale of Ordinary Shares during the Orderly Market Period will be at the sole discretion of the Joint Bookrunners."


So spookily we're just coming up to the first anniversary, at which point we seem to be in the period where there will be a requirement to manage any sale through the Joint Bookrunners, unless of course the resignation circumstance is one of those "very limited circumstances" referred to where they have more flexibility.

Not sure that adds much comfort, but at least the "orderly market" provision appears to rule out a "dumping" scenario.

[pictureframe] 26/10/2017 13:50

Thank you.

[pj 1] 26/10/2017 13:44

Virtually nil, they use live data (meter readings) for calculations.

[pictureframe] 26/10/2017 13:15

Looking to invest here BUT a little concerned there might be a UTW type overstatement + founder stepping down. Does anyone know if their business model is different to UTW?

[pj 1] 26/10/2017 11:27

It's tempting to add but I've decided to hold off to make sure JT isn't going to off load any.

[1gw] 26/10/2017 11:06

Yes, I quite like the look of the chart. But also, I hope the selloff post-Janet has now run its course, with volume appearing to dry up a bit.

So I've added again (3 purchases today) to bring INSE back in to the top 5 in my portfolio.

[brucie5] 26/10/2017 10:54

If you're a fan then this is exactly the place to buy, if not, not. Last two up/down swings have both touched down on the 200sma with gains of 40 & 60% respectively. This assumes of course, business as usual. I hold.