Primary Recommendation

Energy Assets - Deregulation in the gas meter market

May 2014

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.

Energy Assets, an advanced gas metering specialist for industrial and commercial customers (I&C), is a company on a roll. Sales (including forecasts) have risen two and a half times to £25m in the three years to end March 2014 while pretax profits and earnings have risen over three and a half times to £6.6m and 18.5p. The company already had an installed meter base of 101,000 gas metres at the end of March against 81,000 a year ago yet there could be plenty of growth still to come because the company doesn't sell its gas meters outright but instead rents them to the energy suppliers under 15 year contracts, so that almost every meter installed becomes a permanent addition to revenues and the existing regulatory change period m ...

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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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