Inspired Share Discussion Threads

[1gw] 30/8/2019 15:18

Possibly a bit late in the day, today, but I've joined the party and added, hoping the momentum can be sustained into and beyond results.

[brucie5] 30/8/2019 14:37

The price here is certainly looking anomalous. I have bought some today in the bod will show exactly how anomalous, and what is to be done to close the gap. I hold also longer term for the (rising) income. But the trade also looks good at this level. With some following wind!

My initial target is 18p.

[cheshire man] 30/8/2019 14:21

Good to see a few trades coming in, looking forward to the results on Wed.




(Alliance News) - Inspired Energy PLC said Wednesday it is "confident" heading into the second half following a "strong" first half.



Speaking at the energy procurement consultant's annual general meeting Wednesday, Chair Michael Fletcher said: "I am pleased to report that Inspired Energy has had a strong first half of the year, as the group continues to deliver on its stated growth strategy, trading in line with the board's expectations and further building on a strong 2018."

Inspired Energy said the integration of recent acquisition Inprova Finance Ltd is "progressing well".

At the beginning of December, Inspired Energy acquired rival energy procurement services consultancy Inprova Finance for GBP19.5 million

Inspired said Inprova is performing in line with management expectations. At the time of the acquisition, Inspired Inprova is expected to be earnings enhancing in 2019 and beyond.

"The enlarged platform further underpins the strength of our Corporate division and the benefit we provide clients in order for them to optimise the value of every pound spent on utilities," added Fletcher.

He continued: "We move into the second half with good visibility and confidence of further progress over the remainder of the year. The continued momentum is testament to the strong team we have in place to drive the growth of the group as it moves to the next stage of development."

The company is expected to release its results for the six months to June 30 on September 4.

.

[sphere25] 30/8/2019 14:01

Good spot Rivaldo.

Breaking out - finally!

Looks like a trend reversal too with the downtrend of approximately 12 months being undone now.

Results next week. Expecting these to confirm the material undervaluation here and a continued rise to test at least the 18p level.

[rivaldo] 30/8/2019 13:53

Encouraging to see INSE advising businesses on implementation of EV infrastructure, the benefits and challenges of EVs etc:

[rivaldo] 07/8/2019 13:39

Latest forecasts:

this year : 1.85p EPS, 0.71p dividend
next year : 2.01p EPS, 0.8p dividend

That's a P/E of 7.5 and a 5% dividend yield at 14p.

[robow] 07/8/2019 13:09

Yes thanks for spotting that

[rivaldo] 07/8/2019 12:41

Great spot Sphere25. The price now seems to be moving up on every buy, and I can sell my entire holding online so there's evidently demand out there.

[sphere25] 07/8/2019 12:02

I'm buying here. I think the overhang has been cleared. Two delayed prints just hit the book (so not adding to the volume today) of 12.1m and 10m.

EDIT.

They're from yesterday:

06-Aug-19 15:41:43 13.00 12,121,021
06-Aug-19 15:41:08 13.00 10,000,000

[rivaldo] 02/8/2019 11:46

Peel Hunt retain their Buy and 25p target:

[1gw] 02/8/2019 10:08

Looks like a seller is still there.

[cheshire man] 02/8/2019 07:42

Indeed rivaldo but positive news atm does not seem to move the sp, however looking at the chart from Feb. 17 we could be at support here and you never know we may be due a bounce ?? just my thoughts DYOR

[rivaldo] 02/8/2019 07:29

Looks like quite an exciting transaction this morning of a highly complementary business - 40% now with an option to buy the rest of a business in the next couple of years, with consideration dependent on performance.

Ignite makes historic £3.1m PBT, and looks to be in an area (energy optimisation) which will grow nicely, considering for example environmental concerns are only increasing, as well as the focus on minimising costs.

Nice customer base too:

"large, multi-site estate intensive, commercial energy customers, including Halford's, SSP, Network Rail and WH Smith"

[billobserver] 31/7/2019 17:38

This has started to look unstable....This price will fall further. The fundamentals are wrong here...remember utilitywise? I said this earlier this year and so far my predictions have been correct!! Price has come down from 18p to 12p.....I predict further falls and I think it will settle at around 8p

[1longshorts] 29/7/2019 22:00

The decline is mystifying even more so since it’s continued on from a good set of results. I hope it is a heavy seller otherwise there must be something serious in the background. I hope it’s reached the bottom now. The question is how long before it returns to where it should be. I don’t expect anything until the next report with the proviso of course that it’s in line with expectations.

[masurenguy] 25/7/2019 19:02

Topped up @12.99p this afternoon, although it is showing as a Sell, since it looks to me as though we may be at the bottom of the recent decline.

[1gw] 21/7/2019 17:04

Just to add to my post above, the significant shareholders analysis I did was on a "like-for-like" basis, i.e. starting from those declared in the annual report.

But the INSE site is showing Invesco holding 3.95%, whereas Invesco wasn't in the annual report.

So Invesco could have added 1% or more since the report, or it could be that they don't need to declare until 5% and INSE just wasn't aware of their holding at annual report time.

[1gw] 21/7/2019 16:46

I had another hard look at this today, thinking about buying more.

It appears Janet has been selling some. If you look at the current site shareholdings, said to be as of 14th May, and compare them with the annual report shareholdings as of notifications received by 15th January the changes appear to be:

-2.9m shares Janet Thornton
-0.1m shares Matthew Thornton
-1.8m shares Blackrock
+3.6m shares Canaccord
+1.2m shares Gresham House

for no significant change in overall significant shareholdings, which add to around 77% (including Praetura). So JT selling could be seen as bad news, and certainly might lead to a drop in the shareprice if other major shareholders were unwilling to help her out at the then-market price and she wants to sell more, but on the numbers on the site she's still sold under 10% of her end-year holding.

Other than that, the balance sheet isn't great in terms of the huge amount of goodwill and intangibles, but that's a consequence of the acquisitions. And net current assets are OK and operating cashflow is good, so no real concerns there.

Bottom line profit is a long way below adjusted profit, but again that's largely a function of the acquisitions (i.e. exceptional costs and amortisation of acquired intangibles). If they stopped the acquisitions for a bit, then most of that would unwind in a few years (e.g. £3.7m of amortisation of acquired intangibles in 2018, and a balance of £15m "other intangibles" at end-year.

So still undecided. It looks tempting to me at this price, but the acquisitions need a good few years to pay back the acquisition cost and that's going to span a general election with any fears there might be around structure of the energy industry as a result. I can see why there might be a discount in the shareprice for fears of a Thornton overhang and concern about a change of government.

[rivaldo] 08/7/2019 10:28

Nice to see a tick up!

Online looks quite encouraging at present - you can only buy a maximum 60k at 14.145p, but you can sell 150,000 at a reasonable premium at 13.385p.

[rivaldo] 27/6/2019 13:39

Interesting new article on the web site - just a couple of short extracts:



"Could data help you take control of your organisation’s energy costs?
27th June 2019

Many organisations now have better access to their energy data than ever before, due to P272 and energy reporting requirements such as SECR and ESOS. But how can they use this data to reduce their energy bills?

In October 2018, the Government, Ofgem and Innovate UK demonstrated their belief that energy data will be key to optimising our energy system when they launched a new Energy Data Taskforce. The taskforce has been charged with developing a strategy to utilise data to reduce system costs and increase productivity across the sector, and create value for consumers.

In a similar way, individual businesses can also use data to optimise their own energy strategies. Having such a detailed insight into their energy consumption can be extremely useful for businesses looking to bring down their energy costs, but such a wealth of data can also be so daunting to tackle that energy managers don’t know where to start.

That’s where energy management software can be invaluable, as it simplifies the process of analysing and utilising the vast amount of energy data they collect and turn it into actionable insight. Here are some of the ways that energy management software could benefit your business...

.....SystemsLink is wholly owned by Inspired Energy plc and is the UK’s most sophisticated energy monitoring and targeting software. SystemsLink processes 1.5m+ invoices a year and many businesses are already utilising it to track utilities across their portfolio, create clear profiles and identify anomalies and wastage. It also has several handy features, such as the ability to set up alarms and tolerance checks to alert you to inefficiencies or equipment faults, that are designed to help you concentrate on taking action."

[pj 1] 20/6/2019 13:35

Did anyone get any update on Janette Thornton's health?

I was going to post a tongue in cheek comment that perhaps the Ferrari's now need replacing, but I'd rather know she is in better health first!!

[1longshorts] 20/6/2019 13:32

The slump in this price against such a background of sparkling results is worrying. Is there something we don’t know about? We’ve had suppositions of a large share holder off loading for their own particular reasons or the Corbyn affect. I’m not so sure.

[wanttowin] 20/6/2019 12:51

Being a lth, it baffles me as to why we are here.

The share price was last in the 14's over 3 years ago, and since then its been excellent financials, growth, divi, acquisitions, etc.

Recent results were inspiring, directors buying would help the cause.