EOL - Energy One

Dona Ferentes said:

Equity capital raising
The fully underwritten capital raising will be comprised of a 1 for 28 pro-rata entitlement offer at an offer price of $4.05 per share.....

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Dona Ferentes said:

but clearly the AGM was underwhelming

View attachment 188544
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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.

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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​

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​

Industry Context​

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

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