Inspired (INSE)

Sector:

Support

Index:

FTSE AIM All-Share

 14.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 21.00
  • 52 Week Low: 14.25
  • Currency: UK Pounds
  • Shares Issued: 975.01m
  • Volume: 0
  • Market Cap: £138.94m

Inspired Energy disposes of SME division

By Iain Gilbert

Date: Friday 11 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Energy procurement consultant Inspired Energy disposed of its SME division on Friday, allowing it to focus exclusively on its strategy of providing assurance and utility cost optimisation services to corporate energy consumers.
Inspired Energy disposed of the SME division to its management team by way of a £10.5m buyout.

The AIM-listed group considered the SME division to be a "non-core activity", contributing just 7% of total revenues during the first half of 2020.

Chief executive Mark Dickinson said: "Unlike the corporate division, where assurance services have performed better than our Covid sensitised model, and optimisation services where FY2020 performance is impacted by deferrals to project delivery, but is expected to recover in FY2021, the SME division has proved less resilient to the pandemic.

"This transaction allows the group to focus solely on our core service offering to corporate energy consumers with a business that is more resilient to the Covid pandemic in FY2021."

In terms of recent trading, Inspired added that its SME unit was projected to contribute underlying earnings of roughly £1.2m less than current full-year expectations.

However, Inspired added that trading in its corporate division "remains robust and ahead of management expectations" despite disruptions in the fourth quarter.

As of 1050 GMT, Inspired shares were down 5.66% at 13.68p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Inspired Market Data

Currency UK Pounds
Share Price 14.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 21.00
52 Week Low 14.25
Volume 0
Shares Issued 975.01m
Market Cap £138.94m

Inspired Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.06% below the market average2.06% below the market average2.06% below the market average2.06% below the market average2.06% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
19.98% below the market average19.98% below the market average19.98% below the market average19.98% below the market average19.98% below the market average
7.02% below the sector average7.02% below the sector average7.02% below the sector average7.02% below the sector average7.02% below the sector average
Income
86.9% below the market average86.9% below the market average86.9% below the market average86.9% below the market average86.9% below the market average
52.11% below the sector average52.11% below the sector average52.11% below the sector average52.11% below the sector average52.11% below the sector average
Growth
34.94% above the market average34.94% above the market average34.94% above the market average34.94% above the market average34.94% above the market average
36.45% above the sector average36.45% above the sector average36.45% above the sector average36.45% above the sector average36.45% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Inspired Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Jun-22 14-Oct-21
Paid 26-Jul-22 08-Dec-21
Amount 0.13p 0.12p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

Inspired Key Personnel

Finance Director Paul Connor
CEO Mark Dickinson

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