Energy Action is Australia’s leading energy auction procurement business and a major player in the broader energy management services market. Electricity prices are forecast to rise. Energy Action provides services which reduce the impact of rising electricity prices for Australian businesses.
The business has been operating for 11-years, has no material bank debt and has a track record of reliably paying fully franked dividends. Future revenue is supported by commissions and fees on “Forward Sold Contracts”. In essence this is revenue received and recognised in future years based on contracts entered into in an earlier year.
Energy Action intends to continue its successful organic growth and investigate opportunities for expansion through the acquisition of complementary Australian businesses.
Energy Action benefits from management with substantial experience in the sector and a clear vision for delivering shareholder value. The Company’s listing on the ASX is an opportunity for investors to share in its future growth prospects.