Bglobal Share Discussion Threads

[lennonsalive] 10/2/2011 09:28

Meter reads are where the money are in SME with AMR (Automatic Meter Reading).

227 came from their website/annual report.

[takeatip] 09/2/2011 20:41

Sure I read margins will have to come down to attract more installers. 227 meters a day is that now or a few months ago not sure where that figure came from.

[matt123d] 09/2/2011 16:54

2p below the bid for 25k!

[lennonsalive] 09/2/2011 12:56

I finding it very worrying they had to raise cash for meters and the chart is looking bad. So I've gone short on this share.

[beeezzz] 09/2/2011 12:41

I think this company has a credibility problem, with recent clear out of management, we need a good update on orders and increased margins.

[lennonsalive] 09/2/2011 11:15

227 installations per day, very low. Need to win more business to be sustainable.

They had a placing for meters?

[lennonsalive] 09/2/2011 11:04

OnStream, UU, G4S (installing direct for British Gas).

[weatherman] 09/2/2011 10:51

But generating cash now.

[beeezzz] 09/2/2011 10:46

It starting to look rather bleak, not sure why the continued slide, no news I suppose.

[masurenguy] 09/2/2011 10:46

cnx - 9 Feb'11 - 473: who are the other names or competitors in this smart meter market? any big boys like siemens or others?

You might like to checkout Fulcrum (FCRM) who are backed by MVI.

[matt123d] 09/2/2011 09:42

Support failing now. Increased short position.

[cnx] 09/2/2011 03:23

who are the other names or competitors in this smart meter market?

any big boys like siemens or others?

[lennonsalive] 31/1/2011 14:27

The market is watching what happens now BGB have taken back meter installations in house. Perhaps the other big 5 will do the same?

[mg78] 27/1/2011 19:09

BGBL is always on my watchlist because I have a strong interest in this sector.

I also have a financial interest in CYAN Technology (which operates in a similar space).

I also flag up CYAN news here and today's RNS at CYAN is most certainly worth a read - particularly to anyone looking at the metering and lighting control markets of Asia and the Far East.

Cheers.

[beeezzz] 27/1/2011 11:01

ridicule - I was hoping the Government was going to put forward proposals to speed up the deployment of smart meters in the Home to meet there carbon reduction allowance, however, we all know how slow the Government machinery works, to slow IMO.

I see if I can get some info out of the company regarding domestic metering. Your right they are concentrating on commercial, obviously as the price of energy goes up companies will be looking to save every penny, so hopefully BGBL will get some more contracts soon.

[ptolemy] 27/1/2011 10:43

Clutching at straws trying to find a reason for the fall - if not UK bad weather, could it be anything to do with the Brisbane office? Given the devastating floods in Australia...

[ridicule] 26/1/2011 20:41

You make a good point w.r.t domestic meters beeezzz, but these are still a little way off. The current BGBL business is commercial. It might be worth putting your point as an interested investor to the Company for an answer.

[beeezzz] 26/1/2011 17:14

I think one of the major problems that I can see is uncertainty in the residential market. The major players are in a difficult position in choosing a metering supply company, simply because if households change there supplier, which could mean changing the meter as well, due to fact it is not compatible with the new suppliers software or collection systems, not sure whether there is a set standard, until there is it's quite a costly process, simply because you can change suppliers when ever you like. I could be wrong, I'm nursing a serious loss on these at the moment as well.

[matt123d] 25/1/2011 18:28

Technically these have come to my attention as a shorting candidate.

Declining daily and weekly moving averages and below the 5,10,50 and 100 ma's on a daily, weekly and monthly time frame.

A failure of 33p will result in a lower low and the formation of a long term down trend at which point I will add to my position.

[ridicule] 25/1/2011 17:44

Vatteton I have made profit on these over the last two years and am now down to my last 15000 but they are at a buy price of 45.34p so I am not a happy chappy either!

Ptolemy The weather could be a factor but the metering side was going well until November 2010 as the following extract from the last half yearly report shows.

"Meter Installations

Installation performance by Bglobal Metering in the first quarter of this
financial year was behind the Board's expectation and additional costs were
incurred as the business built up its installation capability. Installations
have been much stronger in the second quarter resulting in 32,243 meters being
installed in total in the first six months of this financial year, with 7,043
meters installed in the month of September alone. In addition, the business has
achieved an average daily run rate of over 310 installs in October and November.
Revenue from meter installations increased to GBP8.37 million (2009: GBP5.04
million).

In May this year we recruited Stuart Convery as Managing Director of Bglobal
Metering. Stuart undertook a review of the business and has implemented a number
of operational changes to improve efficiencies and increase our customer service
levels. We remain confident that Stuart and his team can build on the work they
have done so far this year and that further focus can be given to improving
operational efficiency within Bglobal Metering.

The number of direct customers that we have continues to grow and so far this
year we have received orders from, amongst others, Transport for London,
Ladbrokes and Thomas Cook."

I still cannot see why these have fallen so far?

[beeezzz] 25/1/2011 17:39

Starting to doubt the management of the is company, had big upheaval before, I think the major investors are keeping clear, maybe until they see some improvement at next results.

[vatteton] 25/1/2011 16:26

For whats it's worth i came in at .3833p fully paid up on a 50k so i'ant a very happy chappy

[ptolemy] 25/1/2011 14:26

I'm guessing that the bad weather severely disrupted the installation schedule.

[ridicule] 25/1/2011 12:39

With only 99,698,252 shares in issue and a positive half year statement behind them, it is a mystery to me why these shares are falling in value at the current rate. I recognise there is competition in smart metering, but the market is burgeoning and BGBL have an end to end solution.