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Energy Assets

June 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:
  • 355p
Energy Assets has announced the acquisition of BGlobal Metering (BGM), a Blackburn-based supplier and installer of smart electricity meters, to the industrial & commercial sector for £2.3m. BGM, which has a portfolio of c. 60,000 meter points and provides data services for around 90,000 meter points, gives Energy Assets a platform to enter the electricity metering market and opens up strong cross-selling opportunities. Management believe the deal will be eps enhancing within 12 months of the acquisition.Earlier, Energy Assets released a trading update, which noted trading is in line with expectations for the year ended 31 March. The portfolio of owned and installed meters increased by 25% to c. 101,000 assets (2013: 81,000), ...

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