Smart Metering Systems Plc

-4.00 (-0.51%)
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 Shares Traded Last Trade
  -4.00 -0.51% 778.00 181,243 16:35:05
Bid Price Offer Price High Price Low Price Open Price
774.00 778.00 787.00 774.00 787.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Totalizing Fluid Meters 135.52 14.87 11.10 71.18 1,037.83
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:08 O 1,079 777.84 GBX

Smart Metering Systems (SMS) Latest News

Smart Metering Systems (SMS) Discussions and Chat

Smart Metering Systems Forums and Chat

Date Time Title Posts
29/3/202315:11Smart Metering454
12/8/200923:12ADVFN SMS and Mobile Streaming10
07/12/200707:38SMS Stock quotes-
21/6/200409:54ADVFN SMS Stock prices-
30/7/200313:47Trading via SMS2

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Smart Metering Systems (SMS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 17:45:12777.841,0798,392.89O
2023-06-08 16:56:06778.002,90622,608.68O
2023-06-08 16:53:56777.922,35218,296.73O
2023-06-08 16:03:25778.937105,530.39O
2023-06-08 16:03:11779.087105,531.50O

Smart Metering Systems (SMS) Top Chat Posts

Top Posts
Posted at 15/9/2022 19:52 by 1jat
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.

Posted at 14/9/2022 21:49 by 1jat
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.
Posted at 23/8/2022 14:13 by baldguvnor54
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
Posted at 11/3/2022 12:22 by km18
...from last year...

Company overview:
Smart Metering Systems plc is a company which owns, operates and maintains metering systems. They also provide smart energy and carbon reduction consultancy services to large organizations. Company’s ambition is to promote low-carbon smart energy revolution for a greener and more sustainable world. With more than 25 years of experience, SMS has continuous momentum in securing meter and CaRe assets with growth opportunities based on Government’s plan for the next decades.
Final results for 2020 showcased company’s resilience, with decreased revenue, contrasted by higher gross profit margin. The exceptional figure of £200m operating profit last year includes also and exceptional item in the face of £194m gain on disposal of a subsidiary. Latest trading update confirms the SMS is operating in line with Board’s expectations. Revenue for the H1 2021 is 9.3% above H2 2020, at £84.2m, driven by strong recovery in smart meter installation rates and 5% increase in total meter and data assets. Board is expecting this year to bring another £70m to the Group’s £50m EBITDA from 2020.

Grid-scale battery projects are expected to be built in line with cost and construction programme expectation.

Competitors: BULB, Ovo energy Ltd, E.ON, ScottishPower

Short analysis (FY 2020) :

P/E 65.2
Cash decreased by 20% caused by debt retirement of around £271m
Net debt is negative, as cash now covers levels of debt
CA/CL =  2.5
Cash ratio = 0.93
Interest coverage = 44.73
P/S = 9.8 , which is higher than sector average
BV ps = 360, with CAGR of 45.6%
Operating profit of 200, or 14 times more than 2019, adjusting for the gain from disposal result is around 40% ahead of 2019
Gross profit Margin = 51%, vs 36% in 2019...

...from WealthOracleAM

Posted at 05/2/2022 15:56 by 1jat
Some rapid share price changes in the last couple f weeks.
1 can’t see the battery business avoiding inflation cost overruns.
2 interest rates going up will reduce the future value of future revenues and crease future funding

However there is a predictability to the income stream so they should command a higher rating than more speculative stocks.

Would like to see this recovering to 800-850p

In a falling market this may outperform….

Posted at 04/2/2022 08:33 by george stobbart
yes their listed competitor Calisen (CLSN) was taken private during covid dip by Goldman Sachs

if SMS stays weak likely to go private as well

Posted at 03/2/2022 21:32 by bountyhunter
The recent trading update was excellent with the company firing on all cylinders...

28 January 2022

Smart Metering Systems plc

Trading update

Smart Metering Systems plc (AIM: "SMS", the "Group"), a fully integrated energy infrastructure company owning and managing meter assets, energy data, grid-scale battery storage and other carbon reduction ("CaRe") assets is pleased to provide a trading update for the year ended 31 December 2021 ("FY 2021").

The Group will announce its audited results for FY 2021 on 15 March 2022.


-- Index-linked annual recurring revenue ("ILARR") grew 11.6% to GBP85.9m (31 December 2020: GBP77.0m)

-- Total meter and data assets increased to 4.2m (31 December 2020: 3.8m)
o Domestic smart meter portfolio increased to 1.7m (31 December 2020: 1.3m)

o Smart meter order pipeline increased to c.2.55m(1) (31 December 2020: c.2.0m), net of smart meter installations in 2021

-- Grid-scale battery pipeline increased to 620MW (31 December 2020: 267MW(2) )
o Fully secured pipeline of 290MW (31 December 2020: 117MW)

o First 50MW site is now operational

-- FY 2021 underlying PBT is expected to be marginally ahead of consensus, after being upgraded in September 2021

-- Strong net cash position of GBP118m as at 31 December 2021 reflects internal cash generation and the net proceeds of the Group's GBP175m equity placing to finance future growth

-- Board remains confident of the consensus expectations for the current financial year ("FY 2022")

-- Expected FY 2022 dividend of 30.25 pence per share, +10% y-o-y and in line with stated policy

Index-linked annual recurring revenue

Total meter and data asset ILARR growth of 11.6% to GBP85.9m

Posted at 31/1/2022 15:55 by orm5
SMS energises 50MW battery energy storage site in Cambridgeshire
Posted at 04/11/2021 17:51 by whatja
It was a decent update.
I particularly liked that the first 50MW battery site is on budget….that will be a challenge as inflation takes off….hopefully they have inflation linked pricing in their contract.

I expect the balance in the company to move away from meters and become more diverse with EV charging, heat pumps and things we don’t know about yet providing growth by investing the recurring meter earnings. Green financing should not be hard to come by following COP26.

I am disappointed the share price has not exceeded the recent placement price….on a diluted basis 930 was expected…so I still see upside here.

Your thoughts?

Posted at 28/9/2021 13:23 by baldguvnor54
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.
Smart Metering Systems share price data is direct from the London Stock Exchange
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