I topped up this morning for long term hold. Now just about
the largest holding in my portfolio. Quite safe I would say, and
the dividend beats interest in the Bank, whilst there is ongoing
Gretel - Great summing up! I entirely agree, but you forgot to mention
the very substantial rise in Dividend. The shares are cheap at current
price (21.1p) I reckon we'll see a gradual rise to 25p+ over the coming
months. INSE has a remarkable ability out-perform and in my experience
never disappoint. A good share to own.
Excellent results, with 1.57p EPS and a strong order book up almost 40% year on year.
Plus also two earnings-enhancing acquisitions announced separately, costing a maximum £5.9m and bringing in £0.62m of operating profit. And that profit is historic so should have increased nicely by now.
In particular, the outlook quotes "strong trading" for this year to date, with confidence in "significant progress" for the Group.
It's ironic that such results should be published on the same day as UTW issues yet another RNS'd reminder of why INSE should be the preferred choice of any corporate customer looking for an energy specialist.
Gretel, even Peel Hunt's figures (the lowest) are good enough to me.
One would expect Peel Hunt as housebroken to be closest to the mark.
On one thing there can be no doubt, INSE is making excellent progress
in increasing sales and profits in a fantastic growth market.
"Shares in Inspired Energy (INSE) are up 2 per cent this morning following a trading update from the group. Trading on all fronts has been strong for the group and it expects to report results in line with expectations, with revenue and order book increases of 28 and 39 per cent respectively. Buy."
Canaccord have 1.63p now historic EPS for last year and Panmure have 1.5p EPS.
For this year Canaccord have 1.82p EPS, and Panmure 1.8p EPS, rising to 2p EPS next year.
Peel Hunt are the outliers, with historic 1.24p EPS and 1.48p EPS this year. I haven't got their research and tend to dismiss this as out of date - INSE made 0.78p EPS in H1 alone.
Given 1.8p EPS for this year (2018) a 21.5p share price would seem extremely good value on a P/E of only 11.9.
Future looks bright here. I topped up this morning (despite being at
my self-imposed limit for a single stock), I reckon we shall see a decent
rise over the weeks/months ahead. Honest management, operating
an honest outfit, making excellent progress in a growth market.
Well you know which company to invest in - when you can trade again in UTW. Yes, INSE where you can trust the company to perform.
'Utilitywise plc (AIM:UTW), a leading independent utility cost management consultancy, today announces that the Directors have now concluded that the Company will not be able to publish its annual audited accounts for the year ended 31 July 2017 ("FY17") by 31 January 2018.
Accordingly, trading in the Company's shares will be suspended pending notification of its FY17 full year results. Trading will be temporarily suspended from 7.30am today until such time as the results are published, in accordance with AIM Rule 19.
I pressed the botton for Strong Buy after my comment, but with so much of Interactive Investors new platform, it ddoesnt seem to be working consistently. For example, there is nothing of today's company announcement in the News section.
I will try again!
Going from strength to strength. All acquisitions paid off. Cash generative so I am looking for more earnings accretive acquisitions during 2018.
'Inspired Energy continues to deliver on its growth strategy and expects to report results in line with revised market expectations, which were upgraded twice during 2017:
· Group revenues are expected to be c.28 per cent ahead of 2016, with adjusted EBITDA* expected to be c.33 per cent ahead of 2016.
· Procurement Corporate Order Book stood at £39.0 million (2016: £28.0 million) representing year on year growth of 39 per cent.
· Cash generated from operations is expected to be c.42 per cent ahead of 2016.
· Net debt is expected to be approximately £14.7 million at the year end.
· Trading on all fronts remained strong throughout the year and this trend has continued into the start of the new financial year.
· Integration of Flexible Energy Management Limited ("FEML") and Churchcom Limited ("Churchcom"), acquired in April 2017, is progressing well and in line with plans.
· Acquisition of Horizon Energy Group Limited ("Horizon") completed in July 2017, increasing the geographical presence of the Group and strengthening its position as a market leader in Ireland.
· Horizon traded in line with Board expectations in H2 2017, and trading in 2018 has started strongly.
· Final settlement, in cash, of the outstanding consideration due to the vendors of STC Energy and Carbon Holdings Limited, Wholesale Power UK and Informed Business Solutions.
- in line with twice upgraded expectations
- order book up a whopping 39%
- EBITDA up 33%
- trading is "strong" and this has continued into 2018
- good to see Matthew Thornton remaining as an NED, confirming that JT's stepping down was amicable as previously explained
Very bullish outlook comment:
"I am pleased to report all three acquisitions concluded in 2017 are performing in line with expectations and the integration process is progressing well.
"Inspired Energy had an excellent 2017 and I am confident that 2018 will be another year of significant progress for the Group with trading in the current year to date strong."
Good to see buying now at the full 20p offer price.
The year end trading update is due soon, with the last couple of years being 30th and 28th January.
Given the confident outlook in the interims as below, I'm hopeful these results will be nicely in line at worst and perhaps better than expectations to some extent:
"The announcement of the strategic acquisition of Horizon after the period end will provide a platform to leverage the capabilities of the Group with the aim of becoming a market-leader in Ireland, and the net contribution from this and the two acquisitions in H1 enable us to look ahead into FY 2018 with even greater confidence.
"As demonstrated by the half year results and our key performance metrics including the Corporate Order Book, which continues to grow significantly both organically and through acquisitions, the Group is in an extremely strong position to continue to deliver a robust performance throughout the remainder of 2017 and beyond. On behalf of the Board, I would like to thank all of the Inspired team for the hard work over the past six months, as we look forward to completing another exciting year of growth and development of the business."
I agree with the Daily Mail's assessment that 25p a share is on
the near horizon. INSE has an enviable track record of Sales &
Profit Growth. And prospects for further rapid growth look very
positive indeed. Best value share in my portfolio.
"Our top stock was Inspired Energy, which helps companies to save money on their gas and electricity bills. The stock, which Midas recommended in February, has risen by exactly 50 per cent to 19.125p and brokers believe it should reach 25p over the coming months.
Inspireds performance is all the more impressive as its founder and chief executive Janet Thornton resigned abruptly in October for personal reasons. The company has reassured investors that her departure had nothing to do with the shape of the business and brokers remain optimistic about Inspireds prospects. Importantly too, a new chief executive was instantly appointed Mark Dickinson, an energy consultant with a successful track record of running energy firms.
The group buys energy on behalf of companies, using its scale to negotiate cheaper terms than individual firms could obtain. Inspired also advises businesses on how best to manage their energy usage.
Profits for 2017 are expected to rise by almost 40 per cent to £8.5 million with £11 million pencilled in for 2018. There is a decent dividend too with 0.6p forecast for this year, rising to 0.7p next.
Thornton and her team built up Inspired by serving existing customers well, acquiring new ones and encouraging new and old to buy more services from the group. Dickinson will maintain this approach but is likely to accelerate growth through acquisitions.
Midas verdict: Existing shareholders should stick with Inspired. New investors could also find value at 19.125p."
Whilst the weather-related heating demand was expected, the reduction in flows via a number of terminals was not, Nick Campbell, an energy risk manager at Inspired Energy Plc, said by email. Therefore this has left the system tight and battling to pull in more gas from the continent.
Based on PE-ratio, annual Growth and respectable Dividend,
I consider INSE the best value stock in my portfolio.
In my view the shares deserve to be trading at above 25p.
I believe the broker.'s target price is 29p. So a nice stretch
ahead when the retrace reverses into a rise
Willow67 - Although the departure of CEO Thornton can be viewed as
a negative, it should be recognized that the Company's structure is:
(quoting from statement) "now firmly embedded, and a proven strategy which
combines organic growth with selective acquisitions - we have a very
strong platform from which to continue our growth", That does sound
jolly positive to me. INSE is in my view a healthy growth company,
operating in a field of growing demand. The low PE-ratio and the rising
dividend add further to make INSE a very attractive investment..
I'm out of the shares fully today following this bounce. I have no idea where the shares are going from here, possibly a lot higher, but there are couple of red flags for me I am not comfortable with. 1) Resignation of the founder / ceo leaving a board of just 3 executive directors, with a ceo who only joined 12 months ago as a non-exec and a number 2 who as been there even less time. In summary 2 new people running the company. 2) The b/s is weak.....£20m of real debt vs a lot of intangibles and receivables and almost no cash. I think a false move here would put them in a bit of trouble.
There are lots of there great opportunities out there without needing to take these risks
Yep, 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:
Besides their target prices being well above current
share price of 18.75p, they expect upgrades to be likely. .
Pretty positive outlook, I woud say. I cannot see the
shares trading below 19p for long.
Happy to have a substantial holding here.
Peel Hunt have reiterated their Buy and 25p target, and Panmure Gordon similarly with their Buy and 23p target. The latter conclude as follows (with the P/E's based on a higher 19.3p share price):
"Valuation: after a strong run, the shares of both INSE and UTW have come off this
month, leaving INSE with 19% upside to our fair value level. The shares currently
trade on an undemanding PE of only 10.7x (Dec18) falling to 9.6x (Dec19) for 20%+
expected top line growth on 35%+ margins. We expect upgrades to consensus
earnings forecast in due course, and remind investors that the recent move into the
large and ripe Irish market affords the possibility for incremental good news on new business. Buy."
And with Panmure forecasting 1.5p EPS this year rising to 1.8p EPS, and Canaccord going for 1.63p EPS rising to 1.82p EPS, hopefully the recent slide has left INSE cheap enough for the CEO news to be already in the price and more.
Just after complimenting the CEO yesterday, I am sorry to see
the RNS today about her stepping out. lmost certainly for health
reasons, I would say.
However, the Company is now well established and trading in
line with expectations. Still on the right growth track then.
A shame to see Janet Thornton leave- "personal reasons" implies she's had some sort of family/medical crisis. Best wishes to her, and congrats on her success over the years. As an aside, I notice that Matthew Thornton remains on the Board, which confirms that the issue relates solely to Janet Thornton.
In particular, it's good to hear today 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."
"With the Group structure now firmly embedded, and a proven strategy which combines organic growth with selective acquisitions, we have a very strong platform from which to continue our growth, as demonstrated in the robust performance of the Group in the first half of 2017."
Against my principle of having too much riding on one stock, I
topped up today at 19.4p. A bargain price in my view. INSE
is a very well managed company, with a sharp CEO at the helm.
Going from strength to strength, I would say..
Gretel - Tends to happen, a lull and share price down, but the trend
overall is up, and I reckon we'll see the next rise going to 24p+.
I am well invested here, but should the share price fall to 19.5p
(offer), then I shall top up. A great little Company this, very well
managed by a jolly capable CEO.
"Energy Awards 2017 Finalists!
15th September 2017
We are very excited to announce that we are finalists at the 2017 Energy Awards. We have been shortlisted for the "Third Party Intermediary of the Year (Over 50 Employees)" category.
The Energy Awards is one of the most respected energy events in the industry and the ceremony will be attended by some of the most senior operators in the energy market both locally and internationally.
The winner of the Third Party Intermediary of the Year (Over 50 Employees) category will be announced at the esteemed Hilton Park Lane hotel in London, where the award ceremony takes place on December 6th.
2017 has so far been a record year for Inspired Energy, and being recognised for this award is a true testament to our success. We are thrilled that the Energy Awards indentified Inspired Energy as a market leader within the sector and truly recognises our determination to offer the best possible opportunities and services to our clients."
gretel -- You are supplying us with plenty of good news about INSE. Here I have something for you
Have a look at ITM. . It is a hydrogen company that keeps getting more orders. I bought it at 18P and now it is 36p. You can find all you want to know from the London Stock exchange buy looking at, Regulatory News, and the Newsfeed- Alliance News. You can also read the new on the company news here on this channel.
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