Share Name Share Symbol Market Type Share ISIN Share Description
Smart Metering Systems Plc LSE:SMS London Ordinary Share GB00B4X1RC86 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.24% 828.00 827.00 830.00 834.00 812.00 834.00 182,662 14:31:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 103.0 195.0 171.7 4.8 17,658

Smart Metering Systems Share Discussion Threads

Showing 76 to 99 of 450 messages
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Picking up again with some very chunky buying. Frustrating though that it remains very much range bound. Up 4% today pm some chunky volume but as usual I don't expect it will hold. Would love to see this shoot through 350p but seems to hit waves of selling when it sniffs 350. With over 500000 shares bought today there is clearly support for this share with its good growth and visibility of earnings and a divi to come.
Pretty good results in my view. Growing its important industrial meters whioch are far more lucrative than residential ones. A final divi that is nearly the same as the divi for the whole of last year. Very frustrating to see it drop. I think maybe the p/e is a bit rich for many. Looks great value at 310p but not much support after 340p and 350p. Still very solid, growing and with good visibility. Needs recharging!
Well results are out Monday and the Guinness will be flowing in Scotland if they are good. Hopefully a dividend will be announced as it has good earnings visibility with 25 year meters. It did hit £3.65 today on the offer which must be an all time high. I expect these will fall back if results disappoint as they have had a good run up to results. I will be exiting myself I think at almost break even unless it can show progress. The banking facility is certainly helpful as it gives room to expand. The share is pretty solid if unexciting and I want to see it heading north now that it has reached my buy in price of 350p.
hmmmm. there goes the resistance. where to next!!!!! maybe im out :(
Well there was an aptly named Smart Metering forum this week attended by the Energy Minister talking about Smart Meters which will be compulsory by 2020. Smart Meters will make users aware of how much they use and may actually save people money. Think SMS are focusing on industrial meters which are 10times more lucrative for the company. They need some contract news I feel as this is range bound between 310 and 325. With compulsory metering coming in, prime movers will capture the market at the expense of weaker players. I hope SMS will not ignore the domestic market as it will be a reliable income stream.
Well here we are at 310p. The question is where from here??? I'll get the crystal ball out!
Despite its market size, this one seems fairly illiquid. It can swing on small trades which is why shorters could get it down to 310p. It is on the verge of breaking through highs of its yearly range so some small buying could give this a push.
Good to hear quite a few raduo adverts for smart metering apprentices for british gas. Must be a demand if they are chasing for more staff.
Bouncing back today, now up nearly 5% on the day. Shorters must be closing their positions on a fairly illiquid share. Hope to see some stability now rather than any rally being shorted again.
Can#t for the life of me see why these went down today. Dunno what the market wants when a company grows its revenue by 42% . hikes its dividend and still falls. Hopefully it is just profit takers on the results. Smart meters are coming and the energy companies will want us all to have one even before compulsory metering comes in in 2015. Great results imo as they have spent 10 million on inventor to roll out.
Results out Lennon and a 40% hike in revenue plus a dividend hike. Love the growth in I and C meters which generate 10-15 times more revenue for the company and the 2 new brokers for the meters. Think it should be a good day for a good company witth 25 year recurring revenues!
But you could do all that without having a preferred supplier Lennon. I don't see your point unless you are deramping. Nor does whoever bought smart metering systems 700000 shares at 355 a pop tonight.
You spread the work out or if SMS fail to achieve, then they have others then can use. That's what SMS do with their contractors, or they have rolling contracts.
Lennon, why would you have a preferred supplier and yet go elsewhere? Preferred suppliers usually are the go to company right? Or you hink they just sign up a preferred supplier but do everything possible to use someone else????
Latest contract win is PERFERRED, so if that company want to use somebody else they will!
The price has now hit 300. Can a takeover be on the cards?
Ok 10% ahead of expectations but I can't get my head round such a high valuation. £194m!! Seriously?
Maybe the markets price tag is correct. Results to about 10pcent above expectations
Wow someone sold 1.5m quids worth must be a director sell. Don't blame them on this high valuation. 95p or would be about Right for this one.
Bad news at Melrose concerning Elster
Great news, well positioned company
High quality earnings but 21x 2014 adjusted earnings per share looks somewhat rich
Stock to Watch: Smart Metering Systems By Edmond Jackson | Tue, 17/04/2012 Despite the failure of a similar company that listed on AIM in the 2000 technology boom, 'remote metering for utilities' has returned to the stockmarket via Smart Metering Systems (SMS), also Energy Assets Group (EAS), which floated on the main market just a month ago via a £15 million fundraising. Potentially huge prospects but will the market evolve as hoped? SMS has just reported its first annual results since it floated last July at 60p, raising £10 million. Founded in 1995, it currently trades at about 111p capitalising the shares at £92 million. This reflects expectations of scope to transform a small company and after pre-tax profit consolidated around £1.6 million in 2009-10, SMS has reported progress to £3.3 million - implying a price-earnings multiple (P/E) a whopping 38 times this outcome, with Cenkos Securities, SMS's broker, projecting £4.9 million for 2012. There is no yield, albeit an intention to pay a maiden dividend in the current financial year, possibly in November. But the crux for value is really whether SMS can achieve the exponential growth hopes in the share price. While gas connections grew only 4.5% to 254,000, the total meter portfolio rose 19% to 254,000 and significantly, the client base has grown from 12 to 15 gas suppliers representing 80% of the industrial and commercial market. This is a dominant market share, should energy companies change to 'smart' applications such as remote reading and regular consumption data, so SMS's evolution will be interesting. It explains why institutions such as Cazenove, Liontrust and Odey have been attracted to buy in, and appears similar to Advanced Technology UK, a remote access metering company (I previously followed) which applied radio telemetry and listed on AIM in 2000. This company had an ex-Siemens chief executive and Clare Spottiswoode, the former gas regulator now multifarious plc director, as a non-executive director buying shares. Fidelity Investments acquired a 20% stake. Finding UK utilities lethargic at that time, Advanced had promising leads in developing countries, where it made economic sense to jump straight to this kind of technology. But expected growth failed to materialise and the company fizzled out in acrimony. Trading interest in SMS therefore relates to the dynamics of value - both underlying and in terms of the share price - relative to the emerging story. Longer term it may have potential for a multiple of the near £100 million capitalisation, but the path getting there could be bumpy - offering useful trading opportunities. If the company hits snags delaying hopes then this could attract short sellers. I would also note that shares in relatively early stage companies are prone to attract a high P/E which catches investors by surprise: when the numbers come through, even if they are very good the market can de-rate the shares just because the rating was too high. SMS has not attracted any director or senior management buying in the market, and selling is likely subject to a lock-in period (typically a year or so after float). However on 23 March, four key directors of EAS bought lots of 5,000 to 10,000 shares each - implying some belief in value at the current level. This latest company made £2.4 million pre-tax profit on £9.6 million revenue in the year to end-March 2011. Share awards worth a total £1,271,500 were also granted to various executives near 200p, subject to underlying financial performance, which again affirms a sense for value. So as a 'buy and hold' prospect I would currently be more inclined to take a punt on EAS. With dire experience of this market however, I'd prefer to see more of a track record. SMS has long-term plans for the water and liquefied petroleum gas markets and possibly the timing for this is better than 10 years ago, when Advanced Technology tried (for water). Capital investment in meters nearly doubled to £9.2 million last year, aided by bank borrowings, and its current total facilities are £16 million. Again this looks modest relative to a market cap over £90 million, requiring a dramatic return on capital to justify the market valuation. With assets weighted to property/plant and cash, only about £2 million intangibles, SMS's net assets per share work out at about 15p - likewise a lot of expectations in the near 110p share price. Advanced was similarly bid up, to around 300p, if also reflecting the wider technology boom 12 years ago. A cynical view is this being the length of time for enough investors to forget their mistakes (although Fidelity is not a disclosed shareholder in either company) yet the UK market could now have evolved better where previously it was premature. SMS re-rated from just over 90p near 120p earlier this year, after a mid-February update that cited 2011 results likely ahead of expectations with further trials going "very successfully". The shares are likely also to have been squeezed higher in a tight market where the normal size is 2,000 - although you can probably trade more, at least on the offer. After the rollercoaster of Advanced Technology, which did not deliver, I am naturally going to be cautious hearing the story again 12 years on - and of the expectations apparent in SMS's price. Yet the rationale remains for a technology leap in metering, hence these companies merit following. As a disciplined value investor I see SMS as currently too high, but a buying opportunity could arise in future. EAS has the advantage of directors/management behind its shares currently, although as a circa £55 million company it still needs to prove its mettle.
254,000 installed, they need to ramp up more to sustain. They generate rental once installed, however if another competitor takes out the meter and replaces it with their own, they lose the rental (this goes for all companies and is such a waste of a meter). A good couple of million installations would be good, to ensure a consistent revenue. Metering business is very competitive and not one I like to take part in again. Does anyone know what the rental charge is per year, I'd say off the top of my head about £20. 254,000 x £20 = £5 million
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