25 May 2012

Record orders at Inspired Energy

20/01/2012 Ben Jaglom

AIM newcomer and energy procurement consultant Inspired Energy (INSE) has declared a 30 per cent rise in sales against the same period last year.

The company – which joined the junior market last November in an IPO that raised £3.4 million at 3p a share – noted the 30 per cent rise in sales for the first half of 2011, drawing attention to what it said were 'record order book sales' in the last quarter of 2011, in a trading update for the year to December. Inspired notes that results are to be in line with expectations.

Inspired remarked that it had won 'several new high-volume accounts' since its admission to AIM, in addition to maintaining what it said were 'high retention rates' for its existing customers. Its aggregate order book stood at £4.3 million as of the year-end.

Looking ahead, the company enthused that it has taken the 'opportunity to accelerate its organic growth plans' through expanding its headcount, remarking that it had recruited 'senior personnel' that it said had 'extensive industry experience'.

Analysts at house broker Shore Capital recently issued their maiden forecasts. The broker is predicting profits of £810,000 (EPS: 0.12p) for the year to December 2011. In 2012, profits of £2.09 million (EPS: 0.4p) are expected. A maiden dividend of 0.1p is expected this year.

Mentioned in Ben Jaglom's New Issues Examined column as 'one to keep an eye on', shares in Inspired have gained 21 per cent since, currently trading at 3.63p, valuing the company at £12.84 million. Operating at the smaller end of the support services sector, there exists considerable upside to its niche offerings. Speculative buy.

Tags: AIM IPOs, AIM newcomers, New Issues on AIM

Sector: Support Services

Companies: Inspired Energy

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