Buying Inspired PLC (LON:INSE)

A cheap stock with a bright future in my view

Just a quick note to say that I have bought data driven energy consultancy Inspired plc for my investing portfolio. The company offers a market leading service backed by proprietary software and operates in an industry that is experiencing tailwinds from the race to net zero. The CEO, Mark Dickinson, has over 25 years of experience within the energy consultancy sector and previously ran M&C Energy Group on behalf of private equity firm, Lyceum, until its sale to Schneider Electric in 2012.

Inspired’s balance sheet has recently been transformed through a capital raising supported by its two largest and long standing shareholders. Lower interest costs and the fact that the company has now finished paying out deferred consideration for past acquisitions means that free cash flow will improve significantly. Management is aiming to double EBITDA to £42 million through organic growth and be debt free by 2027. The current market cap is £85 million.

I would write a more detailed explanation, but I’m short on time.