Smart Metering Systems Share Discussion Threads

[bulltradept] 15/9/2023 10:46

Market doesn't like it currently..

[fairman] 06/9/2023 11:57

I notice Best.Energy a leading energy efficiency company is working with SMS.
From their LinkedIn account "This week in the office we welcomed the SMS plc team for a kick-off meeting for a large multi-site project that we're collaborating on.Various members of our Best.Energy team from the Projects, Commercial and Technical departments joined to ensure that we're perfectly synchronised heading into the program. Having a team with the right mix of skills and experience will be essential to maximising the energy savings results for our client. This was a really valuable meeting and we are pleased that we got to have it in person as there really is no replacement for face-to-face interaction!"
I think that energy efficiency is a natural area for SMS to continue to expand into. Good stuff.

[prokartace] 29/3/2023 15:11

yes it is. director bought and me too

[01283] 22/3/2023 10:06

back to cversold ??

[prokartace] 06/2/2023 09:33

I think I was right and you were wrong. Just sold for 25% profit

[bountyhunter] 29/11/2022 12:15

I think the problem here is that the yield is no longer looking attractive and the chart does nothing to suggest capital gains short term at least. Other than that the business looks sound.

[prokartace] 24/10/2022 12:42

stub, now would be the time to take a position

[stubowl1] 21/9/2022 21:40

Thanks 1jat, sorry for slow reply, I forgot to follow the thread. May take a position here soon.

[1jat] 15/9/2022 19:52

Maybe there will be a reverse after the mini budget next week.
I don’t think they are really exposed to price caps or windfall taxes….think the battery operation is a service to the generator rather than an electricity trading business.

[bountyhunter] 14/9/2022 22:41

That did cross my mind but as you say it's hard to see any correlation.

[1jat] 14/9/2022 21:49

Another board commented todays movement could be a result of the windfall tax proposed by the EU. I can’t see how that really bites SMS.

[bountyhunter] 14/9/2022 20:03

Why the 8% drop today?

[1jat] 14/9/2022 12:09

Stubowl
A large element of the value is in the installed asset base so you have to add fixed assets to the cash (which is a net +ve position).
A few years ago they sold a portion for £££…hence low debt and ability to pay a dividend and build new assets.
When it matures, it can refinance with debt and payout like utilities to shareholders.

[bountyhunter] 13/9/2022 08:23

An excellent set of results with 10% dividend growth anticipated.

[stubowl1] 06/9/2022 05:55

New to this stock and thread. This looks like a well run company and seems to be moving in the right direction. . . . But where is the over 1bill valuation comming from? Circa 10m prof and circa 100m cash pile. Either they have an extensive, exceptional growth plan or I'm missing something. Or even more possible my figures are completely wrong. Ready to be enlightened.

[baldguvnor54] 23/8/2022 14:13

Good to see this share price continue to rise- 960p now- as commented earlier I think it has a lot further to go. New CEO very impressive, and CFO "old-school" scottish accountant- will keep a tight rein on expenses! Really like this stock

[bountyhunter] 27/7/2022 19:51

The battery only needs replacing in gas meters every 10 yrs (and not at all in electricity meters) and the latest meters signal to the provider when due to be replaced in good time before any failure can occur. A single visit in 10 years is a lot better than a meter reader visiting say 20 times in 10 years.
The grid-scale battery projects are an interesting part of the business which I can see growing rapidly going forwards.

[1jat] 27/7/2022 19:43

Excellent update today…..CaRe assets starting to pay off…..if margins can be maintained there looks to be £70+m EBITDA in the battery pipeline. 50MW in operation 40MW built and in commissioning stage.

[1jat] 17/7/2022 16:33

Another anti smart meter story in the times today…gist is they keep failing.

The battery needs to be replaced every 10 years and the technology is ripped up every few years….they need to move to 5G in 2030.

Not necessarily bad news for installers and operators….regular upgrading work needed providing s stream of fee opportunities.

[1jat] 21/6/2022 13:47

Like the investment in software that should enable better fee earning solutions.

[orm5] 05/4/2022 18:14

Yes good to see a close above 800. The companies strategy such battery energy storage should benefit form the expected increase in renewables in the upcoming energy security strategy.

[george stobart] 05/4/2022 17:44

back above 8 quid. this could get a >£10 takeover bid easily

[orm5] 24/3/2022 13:21

It will be interesting to see where this goes from here, hopefully a turning point to continue the uptrend

[fuji99] 15/3/2022 08:20

Expansion in Australia and elsewhere (New Zealand) will boost turnover and cash flow.
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ADM™ – The Intelligent Metering Solution: - - -
Smart Metering Systems Pty Ltd provide a fully-managed metering and data service to the Australian residential, commercial and industrial markets. Exemplifying our end-to-end metering and data solutions we have introduced ADM™, an intelligent Advanced Meter Infrastructure (AMI) and Automated Meter Reading (AMR) solution, which boasts a network of 165,000 assets and counting. ADM™ is beautifully simple – designed and built using proven, robust technology. Effortlessly activated in a matter of minutes, it fits to all pulse output water, gas, LPG and electric meter types.

[fuji99] 15/3/2022 08:15

Impressed by the business and the results. This is a very resilient and defensive play cash cow. To hold for a long time as a passive income and especially as energy storage/renewables play with demand to be going exponentially in the next few years. Buying for the first time to hold for a long time.