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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Energy Assets - Shares head towards £4

January 2014

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:
  • EAS
  • Price:
  • 383p
The shares have rocketed a towering 145p since our main recommendation in August ‘13 at 238p and first half results were strong with revenues up 55% to £11.8m and pretax profit increasing 67% to £3m. Net debt increased from £41m to £47m but the group has just signed a new £25m bank facility and borrowing headroom is now £45m. Meter Asset Management, which procures, installs, maintains and rents smart meters on behalf of gas suppliers mainly in the industrial & commercial (I&C) sector, increased its installed base by 14% to 92,500 assets, with most of this coming through its largest customers, Corona Energy and Gazprom. Prospects are very strong with Government policy requiring all I&C customers to be smart-enab ...

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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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