XKO - P/E of 6, undervalued by 100% and the company says "second half secured"

This one is looking very cheap now - Baird forecast in September a 12 month target price of 150p. The business is almost unique and what is not fully understood is the benefit of huge rises in energy prices which will have a substantial effect on future fee income as there is typically 18 months lag in identyfying errors, as time goes by fees will be based on recent energy prices.Baird points out the large untapped potential of the UK electricity market which is 2.5 x larger than the industrial and commercial gas market.There is possible interest from overseas utilities. So far as the utilities are concerned this is a win-win situation only paying UBM a percentage of the debt recovered.