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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bglobal | BGBL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.25 | 2.25 |
| Top Posts |
|---|
Posted at 31/7/2015 16:29 by vatteton weatherman,There is no indication of final, as you can appreciate it is quite a large content, therefore unable to post in full, however not much else of importance to that which I posted earlier.. Perhaps the registrar Computershare Investor Services Plc. Bridgwater Road Bristol BS99 6ZY Tele No..03707071570 Resolution Votes have to be in by 15th August.. Regards and good luck to all.. |
Posted at 10/8/2014 18:13 by skyship Garbetklb - well done with your turn here. Personally also very happy to see LSR up again. From other stocks covered on the SL thread, champion investor Nick J. Greenwood has been buying TRE & TREE; though both likely to have been well below Market, so difficult to know whether to follow.... Have sent you an ADVFN mail message. |
Posted at 11/11/2013 19:55 by weatherman I see they plan to sell the meter business and focus on software. So no takeover, but better cash management and a good business model. The best outcome I think for investors, including PK - who might benefit from the fruits of this. |
Posted at 06/8/2013 08:50 by mg78 g2heary - the shares will almost certainly begin to move on any reasonable buying due to a limited amount of stock in free float. Only around 25M up for grabs - very few indeed. hxxp://bglobalplc.co Martin Evans (11.57%) will be voting in favor of the resolutions next week. Other shareholders, including PI's, are being urged to vote in favor too....and I think they will. According to the last RNS: "We are aware that a number of shareholders have also voted in favour of the Resolutions already and Hawkwood Capital are very grateful for the indications of support received from the major shareholders it has spoken to (other than Peter Kennedy) and welcome the opportunity to speak to all shareholders in due course" All of the independent directors are voting for the resolutions. It could be that Peter Kennedy's holding has already been surpassed (?). Even still, I would not be surprised to see someone strategically come in for a chunk of stock ahead of the meeting next week. At such a low share price the future direction of the company can, at present, be purchased. |
Posted at 11/3/2013 12:43 by beta_adjusted Its likely to be of incremental (or decremental if costs > revenues) importance. The core business here is a software services and meter asset management business. The software business sells complete energy solutions to the 'magnificent seven' i.e. everyone ex Big 6. Everyone uses their products. There is a repeat revenue component to the business but they also get up-front payments when they first sign a customer. Its a good business but the question is whether the big6 will be restructured or even leave energy supply (quite possible given the political heat over elec/gas bills which are set to continue increasing given UK's dreadful energy outlook). Guessing ~70% of EBITDA is UK, the other 30% is Aus, but cash generation is mixed due to continued re-investment in the business. This business could be worth >£20m by itself on the basis of other transactions for similar but smaller businesses (was acquired for £12m albeit from the executive Chairman's other business so the city didn't like it) however, obviously its valuation depends on the outlook for the 'magnificent 7'.The second part of the business involved meter installation to SMEs and industrial players (for whom energy efficiency is very important), and meter asset management (of the installed base which is a very good, repeat business with a high margin, but doesn't yet have sufficient scale to offset the rest of the business and central costs), which historically generated most of the EBITDA but has been heavily hit by the big 6's move to larger suppliers in view of the residential roll-out which has itself been delayed. This has been radically restructured but the question remains as to when BGBL will get a significant magnificent 7 order, and whether they will get any trial 'pre-rollouts' from the big 6. The residential roll-out must be completed by 2020 and represents an enormous challenge and cost for the industry (the scale of the financing required for millions of meters is beyond a small player like bgbl which has an installed base today of ~200k meters). Lets say that BGBL installs/project managers installation of all the meters for the magnificent 7. This would be quite logical and possible and would represent perhaps a doubling or more of BGBL's meter installation and lucrative asset management business. However, when will it happen? if you are e.g. a Good Energy, then why would you bother installing meters for your customers until 2018 or 2019? the pressure is not the same, better to sit on the fence and wait and see how the industry develops, then install last when the risks and costs of doing so are lowest. However, a further kicker for the business is the Samsung deal, signed last summer, which would give BGBL an exclusive right to sell and distribute Samsung meter technology in the UK. Samsung meters are decent (meters are a commodity) and, crucially, significantly cheaper than anyone else, therefore, given BGBL's ~£10m market cap, it would be simplest to just buy the company e.g. for £20 - £30m, given the huge cost-savings achievable (I don't have my figures to hand). However, the Samsung deal only kicks in after BGBL receives a 'significant' order, and Samsung can still back out even then. The city and presumably most investors hate the management. They didn't like the utiligroup acquisition, management have failed to deliver on several business plans, and there is nepotism (the CFO is the chairman's son and earns almost as much as the CEO who is a very experienced lawyer ...) and the stock-price speaks for itself. Looking at the shareholder list and the liquidity, you can see that there are a number of large institutions who are effectively stuck in the stock. It seems likely that they would happily push for any deal that would allow them to recoup some of their losses or make a good return. So thats the essential situation. The stock could be extremely cheap, but the business outlook is unclear to all involved. There is a tangible probability of a very good outcome for the company, but also the possibility that management (the chairman has now gone executive as of autumn last year) burn the cash trying to change strategic direction. As it stands, the business as a whole is probably roughly cash neutral as it has a cost-base which is too large (and note that the salaries that management pay themselves are far too high given this fact, and the fact that they are failing to perform). But its not entirely fair to blame the management: the business is where it is; such is life. On EV/sales, the business is incredibly cheap, on EV/EBITDA its expensive. It could go to £1 (although I think 20 - 30p is the more likely scenario). Or it could die either suddenly due to industry change, or over time via destruction of shareholder value. It seems unlikely that most institutions would bother selling as it will be too small a part of their portfolio. |
Posted at 03/12/2012 13:44 by beta_adjusted yes, still long. Not best pleased today of course. But volumes are miniscule. Its obviously private investors bailing. Who knows, maybe they have already had the order ... the company's reporting strategy is shoddy as we can see again today. Maybe the likelihood of getting this order has increased though, now that the Chairman has gone executive again ... his industry relationships are key in bringing in new business. I still feel the odds are good ... they have a strong relationship with the 'magnificent 7' and indeed helped to set most of them up. The key question is what share those 7 will get of the residential market, whether Samsung go through with the JV, and of course, whether the existing management actually run the business wisely, or whether they decide to destroy all the value. These questions should begin to be answered in the next 6 months as the pre-rollout begins, and as meter standards are properly established in the market (we got SMETS 1 back in March/April, but what does it mean in practice?) |
Posted at 13/7/2011 18:52 by weatherman "Bglobal provides smart energy meters. Backing the shares now is risky, but they're cheap and the company is financially strong, with £4m in net cash at the bank. One for investors willing to speculate. Speculative buy, says the Independent. " |
Posted at 08/7/2011 11:35 by hamidahamida Smart Metering Systems plc ("Smart Metering Systems" or the "Group") FIRST DAY OF DEALINGS ON AIM Smart Metering Systems, the only independent provider of the full range of gas infrastructure connection services, gas meter asset management services, and developer of smart metering technology solutions to the UK's key gas suppliers, is pleased to confirm its flotation on AIM today. Dealings in the Group's shares will commence at 8am this morning. The Group's ticker symbol will be SMS.L. Highlights -- Smart Metering Systems raised GBP10.0 million (gross) of new investment from a broad range of institutional and other investors by way of a substantially oversubscribed placing of new ordinary shares at a price of 60 pence per share. -- The net proceeds of the placing will be used to fund the organic growth of the business through investment in gas meter assets and the Group's patent pending ADM smart metering device. -- On Admission to AIM, the market capitalisation of the Group at the placing price 60p will be GBP50 million. (ITS 75p TODAY WORTH 59 million m/cap) -- For the year ended 31 December 2010 Smart Metering Systems reported revenue of GBP12.4m and EBIT of GBP2.2m. .................... BGBL is only worth 15 million with same bus/model T/O and profits |
Posted at 24/6/2011 07:23 by masurenguy Competitor listing on AIM today !RNS Number : 0265J Smart Metering Systems PLC 24 June 2011 FLOTATION ON AIM Smart Metering Systems is delighted to announce its flotation on AIM today and the publication of its AIM Admission Document. Dealings in the Group's shares will commence on 8 July 2011. The Group's ticker symbol will be SMS.L. Despite difficult market conditions, Smart Metering Systems has raised £10.0m (gross) of new investment from a broad range of institutional and other investors by way of a substantially oversubscribed Placing of new ordinary shares at a price of 60p per share. Smart Metering Systems is the only independent provider of the full range of gas infrastructure connection services, gas meter asset management services, and the development of smart metering technology solutions to the UK's key gas suppliers. |
Posted at 11/5/2011 13:57 by matt123d Stock being offered at 16.1p. A few brave investors taking positions. |
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