Good Energy Group (GOOD)

Sector:

Electricity Generation and Distribution

Index:

FTSE AIM All-Share

253.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 412.00
  • 52 Week Low: 160.00
  • Currency: UK Pounds
  • Shares Issued: 18.22m
  • Volume: 4,264
  • Market Cap: £46.09m

Good Energy rebuffs 'hostile and highly opportunistic offer' from Ecotricity

By Iain Gilbert

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Energy firm Good Energy has rebuffed yet another "hostile and highly opportunistic offer" from Ecotricity that it claims significantly undervalues the business.
Ecotricity, which owns a 25.1% stake in Good Energy, made an offer of 340.0p per share in cash back in July, which followed previous takeover attempts valued at 310.0p and 330.0p per share.

However, Good Energy stated it was "successfully delivering" on its modern, digital strategy, which it said was different to Ecotricity's "outdated, centralised business model", and that it was also in "a great position for accelerated growth".

"Ecotricity is an unfit owner with an unsuitable plan," said Good Energy. "Ecotricity's poor business condition means it is an unfit owner for the company."

"Good Energy shareholders should REJECT THE OFFER by taking no action," it added.

As of 1100 BST, Good Energy shares were up 1.82% at 335.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GOOD Market Data

Currency UK Pounds
Share Price 253.00p
Change Today 1.00p
% Change 0.40 %
52 Week High 412.00
52 Week Low 160.00
Volume 4,264
Shares Issued 18.22m
Market Cap £46.09m

GOOD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.01% above the market average52.01% above the market average52.01% above the market average52.01% above the market average52.01% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
33.56% above the market average33.56% above the market average33.56% above the market average33.56% above the market average33.56% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
81.43% below the market average81.43% below the market average81.43% below the market average81.43% below the market average81.43% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
47.54% above the market average47.54% above the market average47.54% above the market average47.54% above the market average47.54% above the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GOOD Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 28-Sep-23
Paid n/a 27-Oct-23
Amount 2.25p 1.00p

Trades for 10-May-2024

Time Volume / Share Price
09:09 1,906 @ 252.75p
09:02 1,968 @ 254.00p
09:00 358 @ 258.00p
09:00 358 @ 258.00p
08:02 32 @ 252.50p

GOOD Key Personnel

CEO Nigel Pocklington

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