Updates

Smart Metering Systems - Annualised recurring revenues climb 28% to £41.3m

March 2017

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 shot to an all time high after SMS issued a trading update ahead of full year results and prompted by the statement Panmure has lifted its target price by 30% to 868p.As you might recall from the main write up in October SCSW, SMS’ mainstay is the meter asset management (MAM) business, which buys smart meters, installs them and then charges energy suppliers an annual fee for their use under 15 year contracts. The business is cumulative with each new meter addition and SMS has just reported that in FY16 its total meter and data assets portfolio grew by 28% to 1.25m (including the first 51,000 domestic smart meters which were installed towards the end of the year) giving rise to annualised recurring revenue (had all the k ...

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Smart Metering Systems (May 2019)

Smart Metering Systems (March 2019)

Smart Metering Systems (November 2018)

Smart Metering Systems - Now up to £60.7m of annualised recurring rental revenue (April 2018)

Smart Metering Systems - Investing £10m+ a month in smart meters (October 2017)

Smart Metering Systems - Shares up £1 on month (September 2017)

Smart Metering Systems - Annualised recurring revenue up 20% to Â£41.3m (April 2017)

Smart Metering Systems - One to stick the crown jewels into (October 2016)

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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