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Smart Metering Systems

November 2019

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:
  • 457p
Regulatory mandates for energy suppliers to switch to a smart meter continues to drive demand at Smart Metering Systems, whose interim results showed a 16% rise in turnover to £54.2m while the long term index-linked annualised recurring revenues (ILARR) from its smart meters and data assets under management jumped 14% to £85.9m, helped by a 3.3% RPI increase last April. Gross profit rose 12% to £20.8m.This is respectable given the whole smart meter industry is grappling with the delayed transition to the SMETS2 (i.e. “mark 2” version smart meter).There was a net increase of 156,000 domestic smart meters installed in H1 ’19, taking the total to just over 1m smart meters (31 December ’18: 846 ...

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Smart Metering Systems (April 2019)
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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