Provides energy purchasing and energy consultancy services to corporate, and small and medium-sized enterprise (SME) energy users.
29-Jan-2018 – 21p – £119.5m – PER 12.6
Trading Update For The 12 Months To End December 2017 – In-line and trading in the current year to date has been strong.
Held previously and sold out at break-even. I’m not 100% sure why I got out here, going to put it on my Watchlist at 18p and revisit.
Subsequently revised Watchlist price, 16p.
4-Sep-2018 – 21.15p – £126.5m – PER 12.3
Results For The 6 Months To End June 2018 – Revenue up 33%, PBT down -4%, Diluted EPS down -25%, the Interim Dividend is up 19%. Net Debt is up 50%+ to almost £20m. This is all in-line with managements expectations, entering H2 with confidence.
Slightly confused by this update, perhaps it’s just early in the morning – I am Neutral for now.
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