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Smart Metering - Shares above £4 for first time

May 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:
  • SMS
  • Price:
  • 408p
With the Russian bear, which provides a third of European gas requirements, flexing its muscles again in the Ukraine, companies such as Smart Metering Systems, which improve efficiencies in the UK gas supply chain, continue to be in vogue with  the shares surging to a new high of 415p. Results were also strong with revenues, EBITDA and eps rising 33%, 31% and 52% respectively to £27.9m, £11.8m and 7.9p. The original gas infrastructure business, where it installs the meter and connecting pipeline infrastructure on behalf of large energy suppliers such as BP and Gazprom, increased sales 19% to £14.1m and gross profit by 6% to £6.6m. However, the big swing came from its meter asset management division, where it manages non-cor ...

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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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