Bglobal Share Discussion Threads

[maddox] 24/7/2011 11:20

People are pretty unconcerned about their energy consumption as prices are still very reasonable and we've been used to cheap prices in the UK. However, is that going to persist for ever? With BG increasing prices by circa 60% and the UK increasingly dependent on imports and the international wholesale market pricing it seems unlikely. As we are now shipping LPG in vast quantities from Qatar and piping gas in from Norway in greater quantities and it all has to be paid with sterling weak. I don't think that it'll be long before we are all paying a lot greater attention to our consumption.

Regards, Maddox

[lennonsalive] 23/7/2011 19:07

It makes people aware of how much energy they are using real time, I used a handheld unit to see which electrics used the most power. Also with a sim in the meter, if you don't pay your bill they can switch you off or change your payment from monthly to prepayment.

[takeatip] 23/7/2011 17:23

Not sure these things will make the savings they are talking about. Putting up elnergy costs for us all to get meters in by a certain date, does it make sense. Maybe I have been reading the Daily Mail a bit too much but he makes a point. A lot of money is going on our energy prices to support these dubious Green agenda projects.


I have a Smart Meter in my unit, guy from N Power came and fitted it. Thats it end of story. It is just a meter will not save a bean. Maybe someone can tell me how it's supposed to save me money.

I don't think it's a no brainer anymore, still here not much invested so will just hold on.

[adsuk] 20/7/2011 10:15

Yes, true takeatip, what happens if the government doesn't come through?

[matt123d] 19/7/2011 13:21

Large seller still out there then.

Declining 50dma providing resistance, 20dma giving way on this next leg down.

Stock currently being offered at a discount to the 12.5p middle price. Should see 10p on this move lower.

[weatherman] 13/7/2011 18:54

"Leading smart meter company Bglobal, has had its share price under the cosh recently. Yesterday, the company announced that revenues for the year ending 31 March had more than doubled to £29million while an adjusted pre-tax loss of nearly £500,000 in the preceding year had morphed into a healthy £3.8million profit. With efforts to bring new entrants into the energy market, there is an opportunity for the company to jump in and offer services such as billing and data collection. This has already proven successful for co-op and others could follow. Backing the shares now is a risk however they are cheap and with £4million in net cash in the bank the company is financially strong. Speculative buy."

Read more:

[weatherman] 13/7/2011 18:52

"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. "

[matt123d] 13/7/2011 10:04

Looks as though it could be on its next leg down then. Large seller back out there, stock being offered below mid.

[weatherman] 11/7/2011 18:24

The loss was due to the success of Utilisoft - I thought there was some good news here...their payout in terms of shares was limited. They have generated a lot of cash last year.

[takeatip] 11/7/2011 17:56

What would happen if the powers that be decieded that smart mwters were a waste of money, and did not produce the savings in carbon they were expected to. Just a thought

[adsuk] 11/7/2011 11:52

Glad I got out to re-invest, took a big loss too, wish I'd have got out earlier, but I couldn't see the reason for the fall. Not aware enough about just how much influence the government would have in the rise or fall of this market/company. Will get back in sometime in future though, I think they will make it.

Good luck to them. Seems that they have got it right with the Samsung MOU etc, confident that it will pick up for them when the government comes good with their white paper and rollout timescales.

[weatherman] 11/7/2011 08:07

"The next financial year will be a transitional period for the Group in which we will seek to continue to develop new revenue streams and work towards being ready to exploit the opportunities that the recent DECC announcement has presented.

Whilst meter installations will be lower than previously anticipated, due primarily to the anticipated reduction in meter installations by the Group's large customers, Bglobal Metering is trading in line with the Board's expectations. In addition, Utiligroup has continued to trade strongly and is ahead of both the prior year and of management's expectation for the first 3 months of the current financial year.

The Board believes that the opportunity for the Group to be a leading player in the mass rollout of smart meters and a dominant force in the collection and delivery of smart data remains strong.

Utiligroup's revenue for the year was £7.15 million (2010: £5.86 million) and Utiligroup made a contribution to Group revenue of £6.07 million. Operating profit for the year to 31 March 2011 saw a 68% increase to £1.45 million (2010: £0.88 million) and the contribution to the profit before tax of the Group (before separately identifiable items) was £0.54 million. Accordingly, the earn out payable to the vendors of Utiligroup is calculated as £6.03 million, such sum to be settled as to £3.32 million in cash and the balance of £2.71 million by the issue and allotment to the vendors of, in aggregate, a maximum of 6,307,646 ordinary shares in the capital of Bglobal plc. As at 31 March 2011, the 6,307,646 shares had a market value of £2.35 million giving a reported value of contingent consideration of £5.66 million."

[weatherman] 10/7/2011 20:02

Possible interesting news tomorrow....

[hamidahamida] 08/7/2011 11:35

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

[weatherman] 08/7/2011 09:15

I think the disparity between the valuation of BGBL and SMS is way too big.

[g2theary] 07/7/2011 08:39

20p soon! keep watching!

[matt123d] 06/7/2011 18:02

From my personal investment view point I don't see any growth here at all.

The previous statement has outlined this and they have stated they will be attempting to search for new revenue streams.

Currently there is some value in there but longer term I think they won't exist as a business.

[vatteton] 06/7/2011 17:37

matt123d
i still don't quite understand why you want to be short ???

[matt123d] 06/7/2011 17:22

Looks as though todays volume and price action could have cleared out the seller short term.

Remaining with my short position till results.

Can see this possibly testing the underside of the declining 50dma at 16p before the demand dries up and supply reappears.

[vatteton] 06/7/2011 16:12

What i would like to know is why !! the prelims were delayed a week, and we wern't told until 8.00am on the 4th what a mucking fuddle ??

[malcolm caton] 06/7/2011 09:39

what going on with this share's price? 180,000 sales yesterday and price didn't move,365,000 buys so far this am and up .25p,

[vatteton] 04/7/2011 17:27

Had to check with Redmayne to see they had pressed the right button
and that trade was done at 10.05 am

[vatteton] 04/7/2011 17:21

matt123d
Well i understand what you are saying, and proberly justify's my buy Friday 5000 & 12.85 NO 7 Marked sell