Energy Assets Share Discussion Threads

[rivaldo] 03/11/2014 14:07

Buying coming in at 504p now.

[rivaldo] 02/11/2014 09:53

Tipped as a Buy in today's Sunday Telegraph by Questor....



"Questor share tip: Meter fees make Energy Assets a smart investment

Despite the risks around this minnow we like the potential for growth at the smart meter company
By John Ficenec
7:58PM GMT 01 Nov 2014
Energy Assets
451p
Questor says BUY

Energy Assets last week signed an agreement with npower that added 60,000 business customers across the UK, sending shares more than 10pc higher.

The deal – a variation on an existing contract – will see Energy Assets analyse data for npower customers. The contract was signed by BGlobal Metering, which Energy Assets acquired in April.

Questor thinks the long-term outlook for the company is good. It buys smart meters, installs them and 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 utility companies such as 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 risen 42pc since we recommended them (Buy, 317p, October 4, 2013) and Questor likes the growth profile and income potential and despite the risks around this minnow we retain the recommendation. Buy. "

[rivaldo] 30/10/2014 07:45

Good to see the Naked Trader has bought in to EAS - he said this yesterday:



"I bought some Energy Assets, (EAG) 1,000 at 395.25 live at the seminar as they looked an excellent idea. I also topped up with some more around the 400 mark.

Yesterday it announced a deal with N Power. Its smart meters look set to become a standard and long-term these shares look magnificent."

[rivaldo] 29/10/2014 07:27

Good coverage in Scotland:



"Energy Assets connects itself to npower
Scott Wright.
Wednesday 29 October 2014

SHARES in Livingtson-based Energy Assets Group have edged up by three per cent after the metering specialist extended a data collection deal with npower.

The extension of the existing contract with npower will see Energy Assets provide data collection and aggregation services from electricity meters being installed over the next 12 months. The agreement relates to additional industrial and commercial (I&C) meter and data points.

The deal is the first contract of its kind to be signed by BGlobal Metering since its acquisition by Energy Assets in April.

Energy Assets bought the business in a £2.3 million cash deal in what was billed as its first big move into the electricity market.

Energy Assets said securing the deal underpins its aim of becoming a leading provider in the electricity sector and in line with growth targets set at the time of the acquisition.

Chief executive Phil Bellamy-Lee said: "npower is a long-standing customer of BGM and, in signing this new agreement, we can look forward to further strengthening the relationship as we continue to grow the BGM business with the objective of becoming the leading provider of metering services to I&C customers in both the gas and electricity sectors."

Wayne Mitchell, head of I&C sales and marketing for npower, said: "This new agreement further helps our new connections business reach its goal of improving its service to customers.

"The installation of these advanced meters will enable more automated meter reads to be undertaken and, critically, will underpin our wider strategy of ensuring we treat our customers fairly and more efficiently."

The deal with npower comes after it won a 20-year contract to supply meters to British Gas I&G customers in the UK in July.

Energy Assets said the installation of the devices - which help companies monitor and reduce energy costs - would boost the growth potential of its long-term recurring revenue portfolio."

[rivaldo] 28/10/2014 15:42

New highs now....

[scottishfield] 28/10/2014 09:48

Indeed, & topping up recently was a pleasure.

[nurdin] 28/10/2014 09:45

This contract underpins brokers forecasts imo and also allows some room to beat.On a current year PEG of just 0.27...time they got rerated !

[rivaldo] 28/10/2014 07:46

Indeed, because (a) I emphasised it in my comment,(b) I didn't want to clog up the thread with the whole announcement, and (c) I wrote "etc" to signal that there was much more to read.

Next time I'll simply clog up the thread :o))

[gbb483] 28/10/2014 07:33

You've missed off the most and only important part :

The new agreement, which is a variation to an existing agreement and relates to circa 60,000 additional I&C meter and data points, has been signed by BGlobal Metering Limited (BGM) and is the first of its kind to be secured since acquisition of the company by Energy Assets in April 2014.

[rivaldo] 28/10/2014 07:25

News - great to see Npower extending their agreement to a further 60,000 meters:



"New Agreement with npower

Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UKi, and provider of electricity metering and data services, is delighted to announce that it has signed a new agreement with npower, a leading integrated UK energy company, for the provision of data collection and aggregation services from advanced electricity meters being installed over the next 12 months.

etc"

[rivaldo] 27/10/2014 09:57

The interims will be out on 11th November, so only 2 weeks away. The share price is consolidating nicely in the run up.

[maiken] 07/10/2014 19:09

personally this acquisition makes me a tad nervous.No idea if it's a'nice in-fill' or a rubbish one.No real financial information on the acquired co.no clue on revenues,profits,losses or assets etc.
They say it won't have a material impact but I'd hazard a guess it will be eps dilutive.Mgmt are rarely so coy about acquisitions which are eps accretive,even if only marginally so.
I'm not a fan of acquisitive cos generally [especially "strategic" acquisitions,where "strategic" is often a euphemism for "eps dilutive" with no obvious,immediate benefit].
Plus of course any number of studies showing such transactions being often more beneficial to the seller than buyer.

On the plus side it's only small but i'd rather they just got on with rolling out the meters as fast as possible.

[rivaldo] 07/10/2014 13:38

Nice in-fill and "strategically important" acquisition from cash today, adding to EAS's IP:

[rivaldo] 27/9/2014 07:55

Further innovation from EAS:



"Energy Assets Adds Local Switching Control to Z-LYNK
Date: 24th September 2014

Energy Assets, the UK’s leading independent provider of metering services to Industrial & Commercial (I&C) organisations, has added small site, remote electrical device control to its Z-LYNK load switching system.

LYNKswitch

The new LYNKswitch unit enables energy managers to control up to four local loads by sending command signals via GPRS or an Ethernet connection. It acts as an autonomous Energy Management System (EMS) via a Cloud-based dashboard, meaning that building owners and occupiers can remotely control systems such as interior and exterior lighting, heating, air-conditioning and office equipment.

etc"

[scottishfield] 24/9/2014 16:52

welcome little 'up' here today. I've been adding around the 404 levels.

[sailing john] 24/9/2014 14:29

gbb483

No that isn't what it says - it says "Users" ie businesses can control their own supplies. eg Energy managers in large multi site firms

[gbb483] 24/9/2014 14:11

In other words, suppliers will have the ability to disconnect customers they don't like at the flick of a switch. This will never get approved by the Ombudsman / OFT / OFGEM.

[rivaldo] 24/9/2014 11:12

EAS launching a new product platform in "a UK first"....



"September 22, 2014

Energy Assets Launches Dynamic Load Switching within Multi-Utility Control Platform

Energy Assets, the UK's leading independent industrial and commercial (I&C) metering business, has launched a multi-utility platform that combines energy data collection and analysis with the ability to control electrical loads remotely and on-demand.

The company's new ‘MU+C' (Multi-Utility + Control) system will transform the ability of I&C organisations to monitor, manage and actively control energy consumption.

In what is a UK first, not only will I&C users now be able to aggregate and analyse data through a single Automated Meter Reading (AMR) platform covering gas, power and water, they'll also be able to switch electrical loads using the Energy Assets' Z-LYNK system.

"Private and public sector organisations have long been able to collect and analyse consumption data - but what's been missing until now has been a dynamic and easy means of controlling electrical loads remotely and instantaneously," says Kenny Cameron, Director of Strategic Development at Energy Assets Group plc.

"Through MU+C, this is about to change. Now, I&C energy users - from manufacturers and retailers to hospitals and local authorities - will not only be able to see their consumption data and analyse it, they'll also be to control it more effectively than ever before through remote load switching, either to a schedule or on-demand. This takes control over energy consumption, carbon reduction and cost to a new level."

The Energy Assets MU+C package includes:

•Metering installation & data collection covering gas, power and water services, using advanced and smart gas, power and water meters transmitting half-hourly consumption data.

•Data aggregation and analysis via Energy Assets' AMR portal, enabling managers to analyse consumption profiles, create bespoke ‘best/worst' site reports and set alarms for performance exceptions covering all utilities.

•Utility control via the company's Z-LYNK system, providing energy users with the ability to manage electrical loads on demand by sending command signals over the electricity network, from 11KV right down to individual 13 amp sockets - and all via a browser or App interface.

This new multi-utility approach to energy data and control has been possible by Energy Assets' acquisition of power metering business Bglobal Metering and a commercial partnership established with Zenner, Germany's third largest independent manufacturer of meters and data systems for hot and cold water and heat.

"The MU+C proposition is based on knowing what you use...and then controlling it," says Kenny Cameron. "Energy managers can now seize control of local loads linked to water, lighting, heating, ventilation, and any other equipment. We've estimated that in some cases, this could lead to energy savings in buildings of around 30% per annum."

[leebong] 12/9/2014 11:03

Why is HH buying such a large stake as this stock does not pay out a dividend unless this is a buy out in the making?.

[rivaldo] 12/9/2014 09:19

Giles Hargreave continues to buy - HH now up beyond 13% with 3.56m shares:

[rivaldo] 08/9/2014 11:35

Moving up steadily again back towards the highs.

[maiken] 02/9/2014 13:51

P.S. they were offered in 200,000 shares at 404.5p,well inside the [admittedly wide] spread earlier when I topped up.

[maiken] 02/9/2014 13:49

Stripping out the 150,000 units added by acquisition,it seems to me they have added 13,500 units organically in the 1st 4 months of the current year.
This compares to 20,000 added in the whole of last year and broker's expectation of between 29,000 and 31,000 for the whole of the current year depending on how soon the BG contract kicks in [broker expects this to happen sometime in the 2nd half].
Am I missing something ?
If not,it would appear their trading statement has signalled organic growth is ahead of forecasts.

[rivaldo] 02/9/2014 13:45

Yep. And I note that it's the opposite for SMS after their excellent interims this morning, where the price has lifted nicely despite being on something like double EAS' rating for the current year!