Updates

Smart Metering Systems - Shares up £1 on month

September 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.

SMS soared after the company signed a new meter rental agreement with Utility Warehouse for a minimum of 100,000 new domestic meters. To put all this into context, as I said in April, if SMS ends up with a total installed 2 million smart meters over four years, it would generate £108m of recurring revenue per year. A recent note from Macquarie concludes, “Assuming 10% market share, which, in our view, is also not an implausible scenario, the valuation would more than double to 1319p.” Sound hold. ...

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Idox - First acquisition under Riley

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 - 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)

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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