Smart Metering Systems Share Discussion Threads

[nw99] 05/2/2018 07:36

Total annualised recurring revenue increased by 38% to GBP57.0m as at 31 December 2017. In the Gas division, meter recurring revenue grew by 15% to GBP36.1m, while data recurring revenue increased 15% to GBP3.0m. In the Electricity division, meter recurring revenue nearly tripled to GBP11.2m and data recurring revenue grew 56% to GBP6.7m.

[nw99] 26/1/2018 16:00

Very interesting investor conference next week in London on TuesdayI'm giving a talk alongside Miton, Cenkos, Marlborough FM, Yu Group, Zoo Digital, Smart Metering Systems, FairFx, Chargemaster, @sharesmagsteve & loads more

[ddav] 22/1/2018 11:05

Smart Metering Systems to present at the London Growth and Innovation Forum on 30 January 2018

[volsung] 18/1/2018 09:25

On that note I've topped up

[albanyvillas] 16/1/2018 11:09

id like 2,381

yes pls

[cheshire pete] 08/1/2018 19:50

Thanks nw99.

[nw99] 08/1/2018 19:30

Back in September, Cenkos was saying that if SMS achieved its base case assumption by 2020, their DCF valuation would rise to 2,381p.

[cheshire pete] 08/1/2018 17:36

essential
Haven't seen the Scsw nap, did they give a target price? Seem to remember the last time they tipped them it was with a tp of c£12.

[nw99] 08/1/2018 12:38

Agree worried me a little lol

[essential] 08/1/2018 12:35

Yes don't usually get the pop to buy below opening price on morning of a nap!

[nw99] 08/1/2018 11:00

doubled up here

[essential] 08/1/2018 08:18

Scsw 2018 nap

[nw99] 08/1/2018 08:14

Made an initial purchase

[cheshire pete] 28/12/2017 19:43

Daily Telegraph 27th Dec., Business p.29 titled 'Energy giant bets electric vehicles will offer route to new markets'. Mentions smart metering. Paper delivered so don't have an electronic link.

[mfhmfh] 22/12/2017 11:55

old mutual above 15%

[mfhmfh] 27/11/2017 13:57

solid move up today.

[mfhmfh] 24/11/2017 17:13

also note the trading update ('gathered pace' at the end sounds positive):

Since the Company's interim results to 30 June 2017, the Company's continued investment in its gas and electricity metering and data assets portfolio has seen the total number of meter and data assets under management increase by approximately 8 per cent. to 1.81 million as at 30 September 2017 (30 June 2017: 1.68 million) and total annualised recurring income[1] has also increased by approximately 8 per cent to £52.3m as at 30 September 2017 (30 June 2016: £48.4 million). SMS has significantly increased the number of domestic smart meters in its portfolio by approximately 56 per cent to 290,253 as at 30 September 2017 (30 June 2017: 185,666), as the domestic smart meter roll-out has gathered pace.

[mfhmfh] 24/11/2017 17:09

placing at 690p. happy with that.

[douglas fir] 24/11/2017 16:46

24 November 2017

Smart Metering Systems plc



Results of Placing



Smart Metering Systems plc (AIM: SMS.L) ("SMS" or the "Company") announced earlier today details of a conditional placing to raise approximately £150 million (before expenses) (the "Placing") to be completed by way of an accelerated bookbuild process (the "Bookbuild").



The Company is pleased to confirm that the Bookbuild has been completed and the Company has, conditionally, raised gross proceeds of £150 million through the Placing. Pursuant to the Placing, Placees have agreed to subscribe for 21,739,131 Placing Shares at an issue price of 690 pence per new Ordinary Share.



The Placing Price represents a discount of 5.1 per cent. to the closing mid-market price of the Company's Ordinary Shares of 727 pence on 23 November 2017 (being the last Business Day prior to the announcement of the Placing). The Placing Shares will represent approximately 19.3 per cent of the Company's issued Ordinary Shares following Admission, excluding any issues of shares pursuant to the exercise of any employee share incentives between the date of this announcement (the "Announcement") and Admission.



The Placing and the Bookbuild were managed by Cenkos Securities plc ("Cenkos"), Barclays Bank PLC ("Barclays") and Macquarie Capital (Europe) Limited ("Macquarie") (the "Joint Bookrunners").

all good

[1squintyflinty] 24/11/2017 10:06

I f the placing price is £6, this will go down further ,but long term this looks like a winner.My target price end 2018 is £10.

[mfhmfh] 24/11/2017 08:46

wonder what the placing price will be

[runthejoules] 24/11/2017 08:41

Any guesses as to what the placing price will be? £6? I'm interested in getting in as a defensive.

[nw99] 24/11/2017 07:16

Placing aghhh

[ashehzi] 21/11/2017 18:14

Thanks for a quick response, especially seen from older accounts here, shows a lot goodness.