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Smart Metering - 43% increase in recurring revenues

May 2015

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:
  • 361p
Results from SMS, which improves efficiencies in the UK gas supply chain, were slightly ahead with revenues, pretax profit and eps rising 52%, 66% and 77% to £42.4m, £12.8m and 14.4p, respectively.The original gas infrastructure business, which installs the meter and connecting pipeline infrastructure for gas suppliers, increased sales by 42% to £20m while operating profit rose 35% to £6.6m.However, the strongest driver came from meter asset management, which manages non-core activities for energy suppliers serving the industrial & commercial (I&C) and domestic markets. Its services include providing invoices for gas meter rental, replacing gas meters that are too old or faulty and maintaining ...

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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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