Updates

Smart Metering Systems

September 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.

Smart Metering Systems, the installer and manager of smart meters, provided a strong trading update, with the highlight that annualised recurring revenue increased 14.1% to £85.9m for the six months ended 30 June. That was ahead of expectations. The break down was £19.6m from its traditional domestic sector, £21m from industrial & commercial customers and £32.4m from data assets.Overall, it has installed 156,000 domestic smart meters, taking the total number to over one million in June ‘19. Meanwhile the group’s total number of metering and data assets under management increased by 10.5% to 3.46 million with its domestic smart meter portfolio up a sparkling 18.4% to 1,002,000.While as i ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Bovis Homes

Just Eat - Bid approach lifts shares

Smart Metering Services (February 2024)

Smart Metering Systems (July 2020)

Smart Metering Systems (November 2019)

Smart Metering Systems (June 2019)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X