Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GOOD ENERGY GROUP PLC. We currently have 9 research reports from 2 professional analysts.
|21Dec16 07:00||RNS||Operational Update|
|08Dec16 07:00||RNS||Appointment of Joint Broker|
|18Nov16 03:33||RNS||Holding(s) in Company|
|16Nov16 11:00||RNS||The future of local, renewable energy supply|
|26Oct16 04:27||RNS||Holding(s) in Company|
|25Oct16 04:27||RNS||Holding(s) in Company|
|21Oct16 09:40||RNS||Director dealing and clarification of holding|
Frequency of research reports
Research reports on
GOOD ENERGY GROUP PLC
GOOD ENERGY GROUP PLC
Small Cap Breakfast
21 Dec 16
Ultimate Products—The Telegraph reports Jim McCarthy, former chief of Poundland has been appointed Chairman of Ultimate Products ahead of a £100m listing in H1 2017. Ultimate Products owns the Beldray cleaning brand and the licence to sell Russell Hobbs and Salter electrical products in the UK.
Trading update and disposal
21 Dec 16
Good Energy, the independent supplier and generator of renewable energy, has announced the sale of its 5MW Oaklands solar farm. The statement also comments that although the Group had prudent hedging in place, trading was negatively impacted by exceptional volatility in short term power prices between late October and late November but in December had returned to more normal conditions. We have reduced our FY16 PBT estimate by £0.2m to take account of the additional costs associated with recent power pricing volatility whilst our FY17 estimates remain unchanged.
Growth in a changing climate
12 Oct 16
Good Energy is in the final stages of implementing a new billing system, which will enable it to drive increased growth and further enhance customer service that could potentially transform the valuation of the business. The Group recently announced a solid set of H1 results with progress made across all divisions. Increasing demand for renewable energy combined with government commitments to renewable obligations should continue to provide opportunities for the Group whilst longer term, possible industry consolidation could provide acquisition opportunities.
Revenue continuing to grow at a rapid rate
18 Mar 16
Good Energy, the independent supplier and generator of renewable energy, has announced FY15 results showing revenue up 12% to £64.5m with PBT of £0.1m, slightly ahead of our breakeven expectation. The group continues to experience rapid growth in its supply business with customer numbers up 44% to 219k, whilst owned generation output nearly doubled to 77GWh. Profit was impacted by a £2.1m PBT loss in the development division which was affected by changes to regulation that impacted expected site sales. Costs in this division have now been reduced which combined with continued growth in the other divisions and economies of scale should lead to a return to meaningful profit in the current year. Our headline estimates remain unchanged although EPS is slightly reduced reflecting an increase in shares in issue.
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.
N+1 Singer - St Ives - Downgrade
19 Jan 17
Marketing activation has been impacted by further decline in grocery retail impacting profit by c£5m. Strategic The Company is also taking this opportunity to revise its guidance for Strategic Marketing as its recovery pace is not running at the planned target rate. PBT falls from N1Se £31.9m to £25m. The Company expects dividend to be held based upon lowered guidance and the implied cash flow performance. There do not appear to be any covenant issues. Forecasts and TP under review and downgrade to Hold. We expect the shares to test the 100p level.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
19 Jan 17
Aggregated Micro Power* (AMPH): Funding for first peaking power plant project (CORP) | The Mission Marketing Group* (TMMG): Positive trading update (CORP) | Cello (CLL): Increasingly backed by, and leveraging, technology (BUY) | 4imprint (FOUR): Growth backed by strong cash flow continues (BUY) | Allergy Therapeutics (AGY): Positive trading update and market share gains drive upgrades (BUY) | Shanta Gold (SHG): Q4 operating results (BUY) | Sound Energy (SOU): Tendrara extended well test result (BUY) | Revolution Bars (RBG): Price target increase (BUY)
Trading conditions difficult but acquisitions underpin growth
23 Jan 17
FY16 revenue will be £53.7m (FY15: £44.8m), in line with ZC estimate of £53.9m, showing growth of c. 20% yoy underpinned by the three acquisitions undertaken in the year. However, due to higher costs relating to the acquisitions and, to a lesser extent, gross margin pressure, PBT will be in the region of £7.0 to £7.2m equating to growth of between 5.5% and 8.0%. As a result, FY16 ZC profit forecast is reduced by 8.0% to £7.0m. The impact in FY18 and FY19 is muted by the announcement of a further acquisition leading to an increase in revenue estimates of 8.7% whilst profit estimates fall c.4.5% in each year, respectively. Despite the decrease in forecasts the PER multiple on FY17 earnings remains single digit at just 9.1x, against a distributor average of 15.8x. With commitment to the forecast dividend increase reiterated, Flowtech offers an above average yield of 4.1%