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EPX - EPX Limited

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EP&T delivers building energy management solutions that reduce energy and water wastage and improve energy efficiency within commercial real estate. EP&T works with its clients to identify opportunities to optimise building plant operating systems and settings through its proprietary cloud‑based data analytics software platform and data collection tool.

EP&T then works with its clients to assist them to implement these initiatives to reduce a building's energy, water and gas consumption and improve operational performance.

EP&T's Head Office is in Sydney (Australia), and it also has offices in the United Kingdom, Dubai and Hong Kong. EP&T has client sites across 18 countries covering four continents. EP&T has recently commenced engaging with clients under a 'Software as a Service' or SaaS model and is moving to recurring monthly or quarterly fees, thereby reducing upfront costs to clients.

It is anticipated that EPX will list on the ASX during May 2021.

 
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looks like they got the money and punters .... listing next week

Listing date12 May 2021 11:00 AM ##
Company contact detailshttps://eptglobal.com/
+61 (0) 2 8422 6000
Principal ActivitiesEP&T provides building energy management solutions that reduce energy and water wastage within commercial real estate and assists to improve the overall sustainability efforts and cost savings of property owners and operators.
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeEPX
Capital to be Raised$11,000,000
Expected offer close date30 April 2021
UnderwriterNot underwritten. Bell Potter Securities Limited (Lead Manager)
 
Another shocker of a performance from a fairly recent IPO. Listed two years ago and the share price has been on a downward trajectory ever since with a low of 2c reached this month. This 2c level appears to have served as support with the share price not wanting to go lower.

Today has seen the share price spike 57.14% to 3.3c in the absence of any news. Not sure why this has happened but then I haven't been following EPX very closely.

A couple of substantial holder notices released this month indicate that some are accumulating at these levels. Beginning of a turnaround or dead cat bounce?
 
YTD APRIL HIGHLIGHTS
• Annual Recurring Revenue1 increased from $13.6m (June 2024) to $14.9m Year to Date to 30 April, being a 10% growth rate YTD.
• Annual Recurring Revenue per FTE increased from $197k/site (June 2024) to $204k/site YTD, continuing the trend of ongoing operational efficiency.
• Site numbers have increased from 547 (June 2024) to 730 sites YTD.
• Annual Contract Value, being an indication of potential future value of revenue, has increased from $16.1m in June 2024 to $17.2m YTD, being approx. 7% growth YTD.

Screenshot_20250625_095719_CommSec~2.jpg
 
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