Smart Metering Systems Share Discussion Threads

[essential] 05/11/2016 11:45

I thought so - prompted it by topping up during the week - although still down as chased price higher when it spiked - doh!! Was out on the bike last weekend with a guy who founded the business that supplies the smart boxes to SMS - he says the business is booming

[nw99] 05/11/2016 06:58

Added to SCSW model portfolio nice

[nw99] 01/11/2016 19:46

Looks to have bottomed on the long term chart

[wjccghcc] 31/10/2016 21:44

Actually they increased the number of shares they hold, but it decreased as a % possibly due to the extra shares issued for the last earnout.

[nw99] 31/10/2016 19:56

Old mutual reducing

[cheshire pete] 19/10/2016 16:21

2012: 1.65p 2013: 2.31p 2014: 2.82p 2015: 3.3p 2016 interim 1.37p due 25/11/16, ex-dividend date 20/10/16. Source iii bulletin board under analysis, then fundamentals.

[neurolodger] 19/10/2016 11:20

Yes it has paid div

[lawrence23] 19/10/2016 06:11

I'm new to these shares .can anyone tell me if sms pay a dividend?

[nw99] 17/10/2016 21:01

Looking good

[nw99] 14/10/2016 09:36

Added here

[essential] 11/10/2016 14:50

Topped up a bit more. I am wondering if scsw add these to their growth portfolio this month as the write up was incredibly bullish last month and if so means the weighting will increase in my portfolio.

[nw99] 11/10/2016 09:48

Seller cleared ?

[nw99] 11/10/2016 08:39

Doubled up here

[sheep_herder] 09/10/2016 09:42

I think the writeup in SCSW is a little misleading. Albany, your numbers above for addressable market are way off. SMS' market is only the 2m domestic units that they have access to via the 8 energy firms they're currently contracted to. The majority of the 27m market is owned by the big three installers. How are SMS planning on gaining market share outside of that 2m? Not to mention that there is no legal requirement for households to install a smart meter anyway so you can reduce that addressable market by at least 50%. If you look at the last results and the First Utility announcement you see that for the next 18 months they only hope to install 300k meters. So 1Q18 will see an additional 300k meters installed (not guaranteed) and that will add £16m onto the current £39m of recurring domestic installs. That's 20% CAGR but I don't see how they can get bigger growth unless they are signed up by the tier1 suppliers. Has anyone seen the house brokers note? If I look at Stockopedia, the current FY estimate is 65.3 which is low. I'd estimate that they'll do at least 70m if I add that 16m onto the FY15 totals. That excludes extra income from the installation side after the recent purchases and I'm not taking into account the I&C side. So what's that? A range of £70-75m for FY17. I don't get where the Stockopedia net profit for 2017 comes from as if I use the same 35% margins and maintain the costs at 5m I get £19.5m net profit for 2017. Stockopedia are showing a 20.9 net with revenue of 65.3 which doesn't add up. Edit - actually, I need to add that £16m onto the trailing 12 month so my FY17 numbers go to £76.7 revenue, op profit of £26.8m and net profit of c.£22m, EPS of 24.4p and a price target of £6.84 at today's PER.

[albanyvillas] 05/10/2016 10:36

if they have 2m meters in four years then it is £600m of capex but generates £108m of repeat income at near 100% gross margin 108m in year one 108m in year 2 ... ... 108m in year 15 what i like is that everyday there is a few more metres being added market 27m -45m metres nice to see lion trust holding 12% of these too

[anley] 05/10/2016 10:18

Tight market both ways........be careful.

[cheshire pete] 04/10/2016 13:22

Bought in twice 4 years ago at £2.24 average price. No plans to sell now. The article in Sharewatch tipping SMS, ref. nw99 above, makes interesting reading.

[albanyvillas] 04/10/2016 09:00

Starting to move, 700p here we come

[nw99] 03/10/2016 07:07

New sharewatch tip at the weekend

[davr0s] 03/10/2016 07:05

:) told you this is being accumulated. Lovely

[anley] 02/10/2016 17:21

I sold mine when First Utility my gas/elec supplier tried to sell me the service. I asked my son to work out how it would work and what we could save and the answer was not a great deal So that is how I came to sell as I can't see the vast number of consumers wanting to pay £400 for this unit so look at one of my last posts and you will see that the government may have a problem on its hand.

[davr0s] 02/10/2016 16:55

Well someone's buying and I bought in Thursday on break so delighted with Friday's performance. I'll just keep my stop positioned at a sensible level

[nurdin] 02/10/2016 12:32

Trading at 34x estimated 2016 earnings.Dont think I could sleep easy holding these but no doubt they will keep going up.

[zho] 02/10/2016 07:48

By 2020, every home could have a hi-tech gas and electricity meter to cut bills and send readings wirelessly. But doubts are being cast on the £11bn scheme https://www.theguardian.com/money/2016/oct/01/smart-meter-energy-saving-revolution-cut-bills-gas-electricity