Updates

Energy Assets - Macquarie's sale lifts free float

September 2013

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.

The shares have quickly put on 50p, helped by largest shareholder Macquarie's first disposal (to Henderson Global Investors) since the float, reducing its stake to 39.4% and increasing the â€œfree floatâ€.Energy Assets also put out an IMS, noting that overall trading continues to improve on the prior year and should meet current year expectations. Group revenue increased 49% to Â£5.5m, with recurring revenues accounting for 69% of total revenue (30 June 2012: 65%). The metering portfolio increased by 7% to 86,500 assets. A pleasing 23% gain just a month after we tipped them, but trading on a still modest prospective PE of 15.8, compared with larger rival, Smart Metering Systems' 30 times, there's a lot more to come. < ...

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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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