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Energy Assets

January 2016

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:
  • 500p
A solid set of interims with turnover, pretax profit and eps rising 22%, 26% and 27% respectively to £20.6m, £4.8m and 14p. Net debt rose £4m to £69.1m since 31 March due to increased investment but it still had £24.8m borrowing headroom. Net debt / EBITDA fell from 3.5x to3.3x.The core business is meter asset management, which procures, installs, maintains and rents smart meters on behalf of gas and electricity suppliers which allow their industrial and commercial (I&C) customers to receive information about their energy usage so they can make savings. The gas portfolio  increased by 11% to 404,000 meters helped by increased installation rates from last year’s contract win with British ...

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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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