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Smart Metering Systems

December 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SMS
  • Price:
  • 603p
First half results from the smart meter installer and manager show sales increased by 27% to £46.7m while underlying pretax profit rose 5% despite higher depreciation and interest costs to finance record capital investment, with capex on its meter asset portfolio jumping 60% to £78.3m. With a higher number of shares in issue following the £150m capital raise in November (and most of that yet to be deployed), eps were down 8.4%. The decline in eps should switch to strong growth when that capital is deployed.Revenue on the installation side decreased 7% to £12.1m as anticipated while energy management grew sales 84% to £3m but the jewel in the crown is its meter asset management side, which grew sales 43 ...

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Smart Metering Systems - Panmure upgrades price target to 1060p (May 2018)
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Smart Metering Systems - Shares burst through £7 after contract win (October 2017)
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Smart Metering Services - Gain to date: 124% (December 2016)
Smart Metering Services - 2020 deadline for households to have smart meters (May 2016)
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Smart Metering - 43% increase in recurring revenues (May 2015)
Smart Metering - Meter asset management grows profit 61% (November 2014)
Smart Metering - Shares above £4 for first time (May 2014)
Smart Metering - Shares hit new highs (November 2013)
Smart Metering Systems - Results ahead of expectations (February 2013)
Smart Metering Systems - Terrific outsourcing opportinity in gas metering services (December 2012)
Smart Metering Systems -Fast growing prospect in remote meter reading market (November 2012)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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