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EOL - Energy One

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has been a been a retrace over the last few months for EOL, and now trading around $4.30 after the Annual report came out.

.
 
up 36c .. to $5.75. ..now 5.90

In FY2024, Energy One Group continues to demonstrate the benefits of the strategy of organic growth and synergistic acquisitions made in prior years.

Revenue in excess of $52m was up 17%, recurring revenue was up 19%, with a CAGR of 43% since FY 2019. Annual Recurring Revenue of over $49m was up 16% on prior comparative period. Underlying earnings were in line with expectations at $11.9m after adjustment for one-offs in the first half of acquisition, cyber and the globalisation project. The powerful return to profitability in the second half was very pleasing...
 
but clearly the AGM was underwhelming


.
In FY2024, Energy One Group continues to demonstrate the benefits of the strategy of organic growth and synergistic acquisitions made in prior years. Revenue in excess of $52m was up 17%, recurring revenue was up 19%, with a CAGR of 43% since FY 2019. Annual Recurring Revenue of over $49m was up 16% on prior comparative period. Underlying earnings were in line with expectations at $11.9m after adjustment for one-offs in the first half of acquisition, cyber and the globalisation project. The powerful return to profitability in the second half was very pleasing.

This performance is a strong affirmation of the strategy pursued by the Company and delivered by its management, to improve the quantum and proportion of recurring revenues earned by the company. I recommend the full year result presentation to shareholders, with its illustration of the strong growth in recurring revenues, revenue retention, our diversified customer and geographic customer base and our extensive coverage of the European markets in power and gas. This is a strong positive base for the continuation of our strategy as a one-stop shop for software and services in wholesale power and gas. The new battery capability and our partnership with PowerBot will further cement European and Australian growth in existing and new customers.
 

newsRush.ai

newsrush.ai

27 November 2024 8:45 AM. Open PDF | 7 Pages

Energy One Limited (EOL) applied for quotation of 18,831 ordinary fully paid shares issued under an employee incentive scheme, priced at AUD 5.83 each, on November 27, 2024.

Summary​

  • Energy One Limited (EOL) applied to list an additional 18,831 ordinary fully paid shares on the ASX.
  • These shares were issued under an employee incentive scheme.
  • The issue date was November 27, 2024.
  • The shares are priced at AUD 5.83 each.
  • 171 shares were issued to key management personnel (KMP), Guy Steel.
  • The total number of ordinary fully paid shares on issue after this listing will be 31,328,319.
  • There are also 146,498 unquoted share rights (EOLAA).

Sentiment​

Score: 5
Explanation: The announcement is neutral; it's a routine corporate action. There's no significant positive or negative news impacting the company's valuation.

Highlights​

  • 18,831 ordinary fully paid shares were issued.
  • The shares were issued under an employee incentive scheme.
  • The issue date was November 27, 2024.
  • The share price is AUD 5.83.
  • 171 shares were allocated to key management personnel (KMP).
  • Total number of ordinary fully paid shares after the issue: 31,328,319.
  • 146,498 unquoted share rights (EOLAA) exist.

Positives​

  • Successful application for quotation of additional shares on the ASX.
  • Employee incentive scheme successfully executed.
  • No apparent negative impact on existing shareholders.

Future Outlook​

No specific future outlook is provided in this document.

Industry Context​

This announcement is a routine corporate action related to employee compensation and does not significantly impact the broader energy sector or Energy One's competitors.

Next Steps​

  • The shares will be quoted on the ASX.

Key Dates​

  • October 22, 2024: Energy One staff share plans were approved by shareholders
  • November 27, 2024: Date of announcement and issue date of shares
 
Dona Ferentes said:
but clearly the AGM was underwhelming
Click to expand...
or was it....?

buyers overwhelmed the sellers eventually

.
21 Oct ...
Looking forward
Our core business is strong and our presence in the Australian and European markets is strengthening. We are getting excellent feedback on our strategy from customers and external experts, and growing engagement in the sales process as our investments in sales and marketing capability is maturing.
In closing, I would like to again thank my fellow directors, management and staff for their continued support, dedication, and strong efforts throughout this busy and difficult year. In particular, I would like to highlight the quality of this year’s results and strong organic growth in recurring revenues and projects in Australia and Europe.
 
$8.00 --- up 10 percent


.
Summary and Guidance
While not providing specific guidance, the second half of FY25 is expected to be stronger than the first half. Over the medium term (next 2-3 years), we believe the shape and trajectory of the business will include:
• As we have demonstrated, we expect to deliver organic recurring revenue growth in the range 15% - 20%+ per year.
• We have an internal policy goal of restricting cost growth to half that of revenue growth (on a percentage basis). This trend has been demonstrated in our most recent trading periods.
(This is based on a business-as-usual approach without one-off events (e.g. acquisitions, new product development /innovations or large project wins requiring additional delivery capability). Further, we also intend to continue to innovate and develop our products. We would carve-out any (material) investment/ innovation from the above goal.)

Our clear aim is to achieve margin expansion. Assuming we maintain this proposed trajectory, we aspire to reach Cash-EBITDA margins approaching 30% by around FY27. Energy One is operating in what is arguably the most exciting sector in the world today, the green power revolution. We enable new customers to enter this market, to monetise their energy and where appropriate, assist our existing customers to make the transition from traditional fuel sources without interrupting current operations. This includes (for example) providing solutions to gas as a vital transition fuel underpinning energy security for the foreseeable future. The world is making its way toward a ‘Net Zero’ future, and Energy One is proudly playing its part in facilitating this revolution.
 
and $15

There are a few bots active, scraping away on eIther side , and some declared sellers at and above the high mark
 
Dona Ferentes said:
back under $12 ... was becoming too much of a 'darling' among the braggers.
Click to expand...
aha


Shaun Ankers has informed the Board of Directors of his intention to retire by age 60, at the end of calendar 2026 (i.e. in approximately 15-18 months).
Mr Ankers is providing an extended notice period to enable the Company to conduct an effective, orderly and extended transition to a new CEO. During this time, Mr Ankers will remain fully engaged and will support the leadership team throughout the transition.

The next phase for the Company is about stepping up from being an effective global operator to becoming a global powerhouse. It is an exciting time, and one that I believe is best led by the next chapter of leadership. With a highly capable Executive team already in place, we are well positioned to appoint a CEO who will bring fresh energy and vision to take full advantage of the opportunities ahead.
 
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