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Smart Metering Systems

July 2020

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:
  • 587p
The shares have recovered towards £6 after Smart Metering Systems, which installs and manages smart gas and electricity meters for private and commercial businesses, completed the sale of a minority stake in its I&C meter assets division to Equitix for £291m in cash (useful 16.5x EBITDA). At a stroke this smart piece of business (no pun intended) completely deleverages its balance sheet, repaying gross debt of c.£270m, drawn down from the previous £420m facility. This deal will leave SMS with cash of c.£45m and an undrawn £300m borrowing facility. Further good news, which came in on 29th May, is that it will re-start all non-essential field work from 1st June.SMS is one of the few ...

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Smart Metering Systems (December 2018)
Smart Metering Systems - Panmure upgrades price target to 1060p (May 2018)
Smart Metering Systems - Fundraising provides capacity to more than triple installed smart meter base (April 2018)
Smart Metering Systems - Shares burst through £7 after contract win (October 2017)
Smart Metering Systems (June 2017)
Smart Metering Services - Gain to date: 124% (December 2016)
Smart Metering Services - 2020 deadline for households to have smart meters (May 2016)
Smart Metering Systems - H1 eps up 72% (November 2015)
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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