Updates

Energy Assets

December 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.

The latest interims from the independent metering business saw the shares recover from a recent bout of weakness, going back over £5. Overall, EAS’ sales were up 22% to £20.6m, pretax profit was up 26% to £4.8m and eps were up from 11p to 14p.Recurring revenue generated from the Group's meter and data asset portfolio increased by 15% to £12.7m representing 62% of total revenue. Capital investment in meters amounted to £10.3m leaving net debt of £69.1m (net debt/EBITDA ratio of 3.3 times) and post the results it has renegotiated headroom of £33m for further expansion.On the gas metering side, the contract with British Gas to install advanced meters for 50% of their largest I& ...

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Wincanton

XL Media - Broker draws comparison with MoneySupermarket on 23x eps forecast

Energy Assets - 685p a share cash bid (May 2016)

Energy Assets (January 2016)

Energy Assets - £255m long tail of recurring revenue (July 2015)

Energy Assets (December 2014)

Energy Assets - British Gas contract win sends shares into orbit (August 2014)

Energy Assets - Recurring income grows to 70% of sales (July 2014)

Energy Assets - Deregulation in the gas meter market (May 2014)

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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