2675: We've Accelerated Our Transition to a Higher Margin Business: Nigel Pocklington, CEO of Good Energy
We've Accelerated Our Transition to a Higher Margin Business: Nigel Pocklington, CEO of Good Energy #GOOD In this interview Nigel Pocklington, CEO, Good Energy Group who describes how they are accelerating their transition to a higher margin business. He also discusses how they are in a great position, with £33m of net cash, to take advantage of the fragmented solar market in the UK. This cash means they have an enterprise value of just £10m (market cap £46m). Given that they are forecast to generate a net profit of £4.7m this year means they are on an EV / EBITDA of just 2. Combine this with the inevitable march towards renewable energy, especially with the Labour government embracing this transition and it puts Good Energy in a very strong position. Brokers have a 500p target and the share price currently sits at 253p. PLEASE DO YOUR OWN RESEARCH. NOTHING IN THIS PODCAST SHOULD BE CONSIDERED AS INVESTMENT ADVICE OR AN ENDORSEMENT OF THE COMPANIES MENTIONED. I MAY PERSONALLY HOLD A POSITION IN THIS SOME OF THE COMPANY’S FEATURED.