Energy Assets Share Discussion Threads

[tradermel] 13/1/2015 08:26

I see what you mean, did not pay enough attention to that part of the RNS, oh well

[bhavini4] 13/1/2015 08:23

Ps my sell showed as a buy on L2 at 453.84 at 08:01:24

[bhavini4] 13/1/2015 08:21

Very good update with lots of encouraging noises. It's a shame about the delay in British Gas contract, and for that reason I sold out first thing this morning. Not because I think its materially significant, but only because I think (and have come to learn) the market nowadays punishes even the slightest hint of a negative; unfairly in this case imo. But I'll let the dust settle and and will happily re-buy at hopefully a better price as usually irrational price swings provide good buying opportunities. Good luck holders. I'll be back...

[tradermel] 13/1/2015 08:12

Well I like the growth story so I am in at 447 ... time will tell if I have missed something worthy of caution

[tradermel] 13/1/2015 08:04

Interesting ... sellers on open, what have I missed?

[rivaldo] 13/1/2015 07:33

Yep, all pretty good aside from the small delay on the start of the British Gas contract.

The outlook statement is particularly strong:

"Demand for the installation of advanced utility meters and related services remains strong and continues to be driven by regulatory requirements. As a result, I am delighted to report another period of solid trading activity, maintaining a continued pattern of growth across our asset portfolio and Siteworks business and keeping us on track to deliver another significant increase in profitability in the current financial year."

[tradermel] 13/1/2015 07:27

Interesting RNS today

"Recurring revenue increased by 38% to £16.8m (9 months to 31 December 2013: £12.2m), accounting for 65% of total revenue"

[rivaldo] 06/1/2015 10:47

New article in the IC tipping a few long-term winners for a child's ISA - including EAS (and ETO, which I also own):



"Energy Assets

Gas smart-meter installer Energy Assets (EAS) is benefiting from a huge shift towards smart metering, sparked by government policy that every metering point in the UK must have a smart-enabled meter by 2020. This should drive strong demand for years to come. The business borrows money to cover the upfront cost of installing the meters, which cost £850 each. The customer then pays Energy Assets a rental fee each year for the life of the meter - typically 20 years - at an average of £135 a year. The company installed around 20,000 meters last year to take its portfolio to 101,000 and is set to add even more this year, thanks to recent major contract wins. It has been growing sales and profits in high double-digits for years, but recurring revenue prospects remain just as strong, if not stronger. There's potential to expand into a multi-utility service provider, too, having acquired electricity specialist BGlobal Metering in April. A forward PE ratio of 17 looks reasonable when set against forecast earnings growth of more than 170 per cent in the three years to end-2016 and the much higher rating at peer SmartMetering. "

[rivaldo] 18/12/2014 13:39

:o))

Great to see that the new investors picked up every one of Macquarie's shares which they top-sliced per yesterday's holdings RNS. Augurs well.

[gargleblaster] 18/12/2014 13:32

To be precise the buyer was;

Investmentaktiengesellschaft
für langfristige Investoren

I knew they were interested - although that's easy for me to say!!!!

[bhavini4] 18/12/2014 12:39

New institutional holder bought it 9.45%:

[scottishfield] 08/12/2014 18:35

It happens a bit with this one cfro, it'll correct for you i'm sure.

[cfro] 08/12/2014 18:06

Bought in earlier today.

Unfortunately i seem to have slightly miss-timed my entry looking at the finish! Ho hum! :-(

[gargleblaster] 08/12/2014 18:02

Has an incredible jagged candlestick chart - but one thing it is doing is steadily going up over time. Am a bit surprised the recent contract wins have not pushed this higher, but all in good time I reckon.

[saucepan] 08/12/2014 09:14

I think so; the seemingly successful backtest of previous resistance of 450p is technically perfect.

[rivaldo] 08/12/2014 08:42

Nice start and continuing to go well here - new highs soon perhaps.

[gargleblaster] 26/11/2014 15:35

Order book looking v. strong - 155K buy orders v 13K sells. Buy order this morning for 100K at 444p giving good support - assuming it sticks around.

[rivaldo] 21/11/2014 09:49

Questor in the Telegraph has tipped EAS today, though it refers to "last week's" deal with nPower which I suspect is a typo for "last month" as it was on 28th October:



"Questor share tip: Energy Assets jumps on npower deal

The smart meter business has signed a deal with npower that underpins dividend and profit growth, says Questor.

The deal will see Energy Assets install smart meters for 50pc of British Gas business customers

By John Ficenec, Questor Editor
8:00PM GMT 20 Nov 2014
Energy Assets
451p
Questor says BUY

Energy Assets [LON:EAS] last week signed an agreement with npower to analyse energy usage data for business customers across the UK, sending shares more than 10pc higher.

The deal which is a variation on an existing contract will see Energy Assets analyse data for some 60,000 npower customers across the. The contract was signed by BGlobal Metering, which energy assets acquired in April of this year.

Questor thinks the long-term outlook for the company is good. The company buys smart meters, installs them and then charges an annual fee for their use. The average meter costs £850, and generates £135 a year in rental fees for Energy Assets. The upfront capital cost of the meters is funded by debt that is paid off over an eight-year period, while the meter can last up to 20 years, and often well beyond.

Energy Assets should eventually reduce its debts. In the meantime the borrowing is asset backed by revenue-generating meters. The meter rental fees are guaranteed by blue-chip utility companies like British Gas and npower.

The core meter asset management division – responsible for 43pc of group revenue – is roaring ahead. The group reported 327,000 meters at the end of July, up from about 163,500 at the end of March.

The company is forecast to achieve pre-tax profits of £9.1m, on revenue of £34.8m, in the 12 months to March 2015. That provides forecast earnings per share of 26p. The dividend is expected to start in the year ended June 2016 at 16p per share, or a prospective yield of 3.5pc.

The shares have increase 42pc since we recommended them (Buy, 317p, October 4, 2013) and Questor still likes the growth profile and income potential and retains the recommendation. Buy."

[nurdin] 20/11/2014 16:32

Nice close here

[johnv] 14/11/2014 13:07

Fun and games over at OPAY now.

[gargleblaster] 14/11/2014 11:37

Bit of a tree shake today - hope no-one hit the ground!!
Was down over 7% - now less than 1%. Am glad I did a course in rodeo riding!

[ddav] 14/11/2014 09:54

I'm fine thank you John, busy, will drop you a line.

[johnv] 14/11/2014 09:40

Hi Ddav , haven't heard from you for a while. Im fine, you OK

[ddav] 14/11/2014 09:29

Nice to get a few more at bargain price ! Hope you are well John!

[johnv] 14/11/2014 08:08

Just filled that gap