Agree with the sentiments and take-aways from the 1H 24 Result covered here by @Scott, @Seymourbutts and @Mujo.

Fortuna spins her wheel

Simplistically this is a business that has had a few recent setbacks in the shape of:

1)   An opportunistic but thankfully failed M&A tilt from STG @ $5.85, dropping to $5.15 on their way out the door

2)   A cyber attack that fell short of reaching or impacting EOL customers.

It was a shame to lose long serving, aligned board member Vaughn Busby in the process of the M&A deliberations (especially as he opposed it).

A feather in their trousers

But good to see Vaughn has been replaced with some (much needed?) Cap Mkts experience in the shape of Mike Ryan – an old sparing partner of @Solvetheriddle per his character ref here - https://strawman.com/reports/EOL/Solvetheriddle?view-straw=25104&inc=23131

Also great to hear management talk candidly of the lessons learnt from the M&A and cyber incident.

Their humility, and alignment is the best way to turn a black eye in to a feather in their trousers (to borrow an old Roy and HG phrase).

While still a small business in a big and growing market, EOL seem to be maturing nicely.

Disc: Held.

Agree with your comments @Scott. Whilst the result is not the greatest, much of this was flagged in previous communications to shareholders and therefore these results were largely expected.

This, combined with the typical frankness and clarity of reporting has yet again strengthened my view of management and Energy One. There are no buzz words here, there's no spin, no 'moonshot' statements - what you see is what you get, which is also reflected by the way in which it has been displayed in the announcement. It is genuinely a word document with a bit of a header and footer and there you go.

I see this as being a long-term compounder, so I was happy the previous takeover offer did not proceed. From Shaun's statements it appears that they've learnt a lot over the last 6 months (re: takeover and cyber attack) which should only strengthen the business moving forward.

I also Hold, and will likely add on continued weakness.

Think another high-quality company on the back burner for a while - at least 12 months.

Still not convinced CQ is high quality company - big pay rises all round for some temporary market dysfunction. That said probably adds to the overall selling point to customers.

I do like how they are integrating it all into the one brand, hopefully this resonates across Europe.