Updates

Smart Metering Systems - Investing £10m+ a month in smart meters

October 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.

Interims to 30 June show that the installation of smart meters has accelerated significantly through the period. The total meter and data assets portfolio has grown from 1.25m at the end of 2016 to 1.68m (including the 186,000 domestic smart meters now in place from 51,000 six months earlier). Sales were up 14% to £36.8m with the bit everyone is interested in – the meter asset management side - growing 30% to £22.1m. Asset installation and energy management accounted for sales of £13.1m and £1.6m, respectively.With most of the new meters only in place for a part period, a better measure is the recurring income, which is up 29% to £48.4m. The income is copper bottomed as rentals are mandated by Ofgem and ultimately guarantee ...

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

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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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