Energy Assets Share Discussion Threads

[maiken] 22/3/2016 12:07

Cisk,
5 minutes cursory research reveals SMS pay a rising div,their balance sheet is stronger and they seem to be winning a lot of the major supply contracts recently.Discuss....

[cisk] 22/3/2016 10:34

Hi Rivaldo, why do you think there is such a discrepancy between the valuations?

Are they just unloved by the city?

Cisk

[rivaldo] 22/3/2016 09:22

EAS' rival SMS had pretty good results yesterday. But the differential in valuations is stark.

SMS are on a 2016 P/E of 22.3.

EAS are on a 2016/17 P/E of 14.2 based on 33.9p EPS forecasts.

That's 56% upside for EAS just to reach the equivalent valuation for SMS.

[rivaldo] 14/3/2016 10:05

The year end trading update is coming soon (last year 16th April).

Forecasts are 29.5p EPS for the year about to end and 33.9p EPS for the coming year.

EAS is therefore on a P/E of 14 for the coming year, and is looking pretty decent value imho after a period of consolidation.

Numis' 660p price target was perhaps toppy at one stage, but is now starting to come into view.

[rivaldo] 14/1/2016 08:49

The true online spread is currently 511.5p-517.5p, so it really isn't a problem.

Decent snippet from today's Mail:



"Energy Assets, the gas & electricity metering service provider, jumped 33.75p to 519p on a strong third-quarter trading statement.

Total revenue increased 22 per cent to £31.5million and the group’s owned and managed asset portfolio has risen by 23,000 since the half year to 427,000."

[gbb483] 14/1/2016 07:07

... but the big change was in the bid price, at best you saved yourself 0.2% before the offer price went even higher.

[sweyn] 13/1/2016 14:54

So I bought! :)

[nurdin] 13/1/2016 14:43

Not now :o)

[sweyn] 13/1/2016 13:43

Yup, I'd buy, but the spread is crazy

[rivaldo] 13/1/2016 10:19

Numis reiterate their Buy and 660p target:

[nurdin] 13/1/2016 10:01

Yes an excellent update.The spread, however maybe discouraging new investors!

[cambium] 13/1/2016 09:14

All good for the next push.

[rivaldo] 13/1/2016 07:21

As good a 9-month trading update as you can get today:



Overall and recurring income increasing fast, nicely in line, and a very bulish outlook:

"Energy Assets Chief Executive Phil Bellamy-Lee said:

"The Group has continued to deliver strong growth in the period which is significantly ahead of the same period in the prior year. The Blyth acquisition represents another positive milestone for Energy Assets as we continue to grow our business, both organically and through acquisition, and extend our product ranges and service offering to a wider multi-utility market sector."

[rivaldo] 15/12/2015 07:20

News - sounds like a good new client for EAS:



"Agreement with Crown Gas and Power

Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK[1] and a major provider of utility infrastructure services and electricity metering and data services, is pleased to announce that it has been appointed as a preferred supplier to Crown Gas and Power (Crown), the gas supply division of Crown Oil Ltd. Crown has over 15 years of experience supplying gas to businesses, the public sector and the construction industry.

The appointment is for the provision of advanced gas metering technology and data services solutions.

As the leading independent provider of I&C gas metering services in the UK, the Energy Assets offering encompasses a suite of innovative options and solutions to help customers manage their energy use and meet the industry's obligations on carbon reduction. The Group has a reputation for delivering high quality solutions to customers and Energy Assets will partner with Crown to deliver Meter Asset Management (MAM) and Automated Meter Reading (AMR) services of the highest calibre.

etc"

[rivaldo] 10/12/2015 11:21

Numis reiterate their Buy and 660p target price:



Plenty of scope for owners of private businesses to thrive within PLCs via share options etc - plus earn-out clauses. As is the case here.

[ascov] 10/12/2015 10:09

Cheap indeed. 1.5m plus some paper doesn't look like much of a pension for the owners and former owners are frequently too maverick to conform in a Corporation. Why would you sell ? I'd like to know more.

[rivaldo] 10/12/2015 09:55

Indeed - always good to see deferred consideration tied to performance. And this acquisition is bringing in utility infrastructure work to the commercial as well as residential sector.

Incidentally, no-one's posted this RNS showing Forest Manor continuing to buy - they now have above 5%, or 1.61m shares, and seem to be nicely buying up Old Mutual's sells:

[rivaldo] 10/12/2015 07:28

Nice earnings-enhancing acquisition today at a pretty cheap price:

[rivaldo] 09/12/2015 07:45

Interesting article about EAS' use of Big Data:



Extract:

"“Energy managers have long been able to collect and analyse information through AMR and online tools – but what has been missing to date has been the ability to delve deeper into the fundamentals of energy consumption.

“All that is about to change through data systems that will take a much more forensic view of energy consumption. For example, using Energy Assets’ AMR-DNA technology, powered by kWIQly data analytics, we can now interrogate many thousands of records going back a number of years and see the ‘fingerprint’ evidence of where energy is being wasted. And, of course, once we pinpoint these areas, we can change human and automated behaviour to save energy…and in some instances, this could amount to many thousands of pounds, maybe millions for the I&C sector as a whole.”

In his new role, Stewart will be working closely with energy suppliers and end-users to enhance existing relationships and build new ones, supporting the roll-out of a portfolio of metering and control technologies across gas, electricity and water that will continue to elevate Energy Assets’ position as a leading innovator in the I&C energy market."

[jakedog2] 30/11/2015 09:39

Someone's keen this morning.

4 x 100K buys gone though at the full ask.

[rivaldo] 23/11/2015 15:33

RNS out - EAS have a new substantial shareholder, with Forest Manor NV (Dutch?) now holding above 3%, or 844k shares:



OT : Cisk, haven't tried it yet.

[cisk] 17/11/2015 21:16

gbb, the point is that this will enable them to accelerate their plans - it's basically a land grab between them and SMS so I view this, like Riv, as a positive.

Riv, did the chrome thing work btw?

[gbb483] 17/11/2015 16:44

You would hope they would be generating income such that funding wan't required.

[rivaldo] 17/11/2015 11:31

Good news today re increased funding facilities - hopefully more acquisitions on the way: