Smart Metering Systems Share Discussion Threads

[whatja] 29/9/2021 21:48

BG…the risks of the business are changing with cost overruns on new Infrastructure assets a key risk.
I agree the meter business provides a sound basis for the company and look forward to future gains once the EGM is over and the new shares issued.

[baldguvnor54] 28/9/2021 13:23

Price is ridiculous- just raised £175m at 900 pence in an over-subscribed offering. I suspect that after Friday's EGM the price will bounce. Really well positioned business. Share price just looks very odd- one buyer and will see a rise. The three brokers on the fundraise will all want to see the price to get back above £9, so expect to see a flurry of "Buy" notes after the EGM and the end of the close period.

[baldguvnor54] 15/9/2021 09:44

Bought my first tranche of shares in this one yesterday on the dip- good to see the price recovering this morning. I think the company did the right thing to raise some equity now alongside their new debt facility- they now have real fire power to add to their grid-scale batteries (and this is where I think the value will be found- not the smart metering). Impressive, dower, new CFO. Having read the broker notes on this see a further £2 on the price over the next months. Downside well protected.

[whatja] 14/9/2021 12:58

MV of existing shares down by 170m
Suggests an over reaction…or the market sees it as unnecessary and not adding value.

[whatja] 14/9/2021 08:03

900p equity raise of 175m

Should make the balance sheet stronger…..they need to bring their projects in on cost and at expected level of fees.

[whatja] 13/9/2021 19:55

15% equity raise….wonder what the discount will be to new investors.
5-10%?

[andy mack] 20/7/2021 09:11

I don't work in that area specifically, but definitely seems to be a lack of accountability and problems with knowing who to speak to to get things done. Plus I know previously meter engineers were paid by the job so would invent ways not do the it, but think that has been stopped now.The whole consumer energymarket needs a shake up tbh as the customer is always on hold for ages and very rarely is any slightly out of the ordinary issue resolved first time. The ombudsman is pretty impotent and want you to speak to the company first with any issue, go through their complaints process and then if after 8 weeks you're not happy then you can open a case with them.I think you're with the best energy company with octopus as that's who I'm with and compared to all the others they're a doddle to deal with. (BTW I have zero connection with them, but have dealt with all the others on a daily basis and they are sooooo much better)

[hyper al] 07/7/2021 09:55

I'm just venting.

you said "As a general rule, meter operators are notoriously bad."

Why is this? and how do you suggest this problem can be resolved? or does the industry not care enough about the consumer to resolve the issue. If the industry does not care, then maybe the regulators should do more.

To be honest, I may take back some of what I said yesterday. I managed to get hold of the correct person in SMS, so I have managed to get them to fit into my timetable so a visit for a refit next week, rather than late August.

[whatja] 28/6/2021 21:06

What did readers make of the capital day presentation……
Man amg net seemed to be saying we are going to double our cash profits in a few years…and there is a lot more to go for.

But the market has not moved, so either no one is listening or it was priced in beforehand.

Even after the run back above 850, this is appearing undervalued to me.

[johnrxx99] 07/4/2021 07:28

What a lovely quiet board.

I copied this from a post by Rivaldo - SMS one of a few to get full marks.

[crazycoops] 17/3/2021 11:00

Cenkos update/upgrade is a great read. An inflation proofed income with a clear growth strategy, a strong balance sheet and both DCF & DDM (discounted dividend model) above 1300p per share suggesting 70%+ potential upside. I have added to my own holding this week.

[energeticbacker] 17/3/2021 10:26

Resilient results for the financial year ended 31 December 2020, which Investor's Champion latest commentary covers.

As greater reliance is placed on energy from renewable sources and the electric vehicle revolution moves up a gear, SMS looks very well placed to benefit from the rapidly changing UK market.

[energeticbacker] 18/12/2020 09:52

Featured on Investor's Champion:

Management now consider that underlying pre-tax profit for the current year ending December 2020 will be marginally ahead of its expectations (Expectations are for £14.1m), with the forecast year-end net cash position of c.£30m. They remain confident of achieving the current 2021 consensus expectations of c£14.5m.

As always, one needs to look at the operating cash flow to gain a better idea of the real potential of SMS with a forecast net operating cash inflow of £32m in 2021 growing to £52.7m by 2022.

[miss womble] 11/12/2020 11:42

Did anybody notice the bid for Calisen this morning

[inthemix] 01/12/2020 15:40

Lost 1m already for selling that 20m

[bocase] 30/11/2020 18:25

Would have been a good buy at 591p. Moving ahead nicely at the moment.

[inthemix] 23/11/2020 16:10

Seems someone didn't see this as an undervalued share. 20 million pound sell at 591p?!?

[postme] 30/9/2020 20:41

#NCYT #BMN #MTR #SMS #PAY #PRTC #SLP #APP #CNCT Ten ‘magic formula’ stocks for investors looking for value and quality -

[energeticbacker] 16/9/2020 09:33

With net cash of £44.5m and an unutilised revolving credit facility stood of £342.3m, SMS looks in great shape.

For what it is worth, the house broker believes SMS remains substantially undervalued and has a valuation range of 1,058p to 1,176p, supported by the 16.4x net ILARR meter asset sale.That is 65% above the current price.

More on the Investor's Champion website.