Updates

Smart Metering Systems

March 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.

Ahead of reporting full year results mid March, SMS said its total meter and data assets portfolio grew to 3.13m by December (including 846,000 smart domestic gas and electricity meters: +156,000 in H2 and +267,000 in H1). In other words, overall, the number of smart meters doubled in 2018 and total annualised recurring revenue had increased by 32% to £75.3m.Separately, Octopus Energy and Co-operative Energy have outsourced their meter asset management to SMS. Helped by the £150m capital raise in November and the change over to the new SMETS2 rollout, there is expected to be an acceleration in rollout in Q1 for these and other accounts. Including asset installation, FY18 sales are forecast at £91 ...

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Proactis

Lighthouse -15%/17% growth over next two years

Smart Metering Systems (May 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 - Annualised recurring revenues climb 28% to £41.3m (March 2017)

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

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