Updates

Smart Metering - Meter asset management grows profit 61%

November 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.

Smart Metering Systems, which was established to improve efficiencies in the UK gas supply chain, continues to go from strength to strength with interims showing revenues, pretax profit and eps rising 44%, 39% and 23% to £18.9m, £4.6m and 4p respectively.The original gas infrastructure business, which installs the meter and connecting pipeline infrastructure for gas suppliers such as BP and Gazprom, increased sales 32% to £9.5m while gross profit jumped 34% to £4.4m.However, the blow-out performance came from the meter asset management side, which manages non-core activities for energy suppliers such as providing invoices for gas meter rental, replacing gas meters when they are too old or faulty and ma ...

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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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