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
  0.00 0.0% 649.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
643.00 645.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 114.28 5.46 3.56 182.3 732
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 649.00 GBX

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Date Time Title Posts
24/6/202010:08Smart Metering382
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 Daily Update: Smart Metering Systems Plc is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker SMS. The last closing price for Smart Metering Systems was 649p.
Smart Metering Systems Plc has a 4 week average price of 566p and a 12 week average price of 556p.
The 1 year high share price is 742p while the 1 year low share price is currently 308p.
There are currently 112,846,890 shares in issue and the average daily traded volume is 111,656 shares. The market capitalisation of Smart Metering Systems Plc is £732,376,316.10.
mhm2013: Any reason why the share price has fallen? I thought the trading update sounded ok
kchea1: it is very odd that the market is puking over SMS shares.. installation progress in line with guidance, negative earnings largely non-cash with core EBITDA growing, a 17% drop is unjustified. And as rock star mentioned, monetising part of the assets upfront boosts returns, if anything the share price should have gone is very odd that the market is puking over SMS shares.. installation progress in line with guidance, negative earnings largely non-cash with core EBITDA growing, a 17% drop is unjustified. And as rock star mentioned, monetising part of the assets upfront boosts returns, if anything the share price should have gone up.
anley: It is not a problem for a company to use its inflated scrip for acquisitions so long as everything else is the case of acquiring some businesses it may be that some of these shares come back on to the market to ease liquidity as I have been unable to buy blocks without disturbing the market.... SMS will tell you that cash is used to buy and install meters and this year I will really be looking at their next few years growth based on past installations to see just what the share price could get to in say 3 years time. I await the report and accounts..............
lennonsalive: 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.
willsy50: Deciding on whether to get an iPhone or a Google Android based one. Anyone got either some screenshots of the share price monitor on the iPhone, or an idea of what i'd expect to see. I was under the impression that the iPhone couldn't display Java, or does the mobile version of ADVFN use something different? TIA
sparkie: Tony, has this facility with the following caveat... each alert is chargeable. The talk21 set up page describe charging as... " In order to maintain and improve the service, there is a charge of 10p for each SMS Alert you receive. This will be billed to you by your mobile phone service provider as each provider supports this. There is no set up fee or subscription for this service from talk21. Please note: Mobile phone service provider's actual charges have increased. This means that from 15th July 2002 if you are a Vodafone or O2 user, you will be charged 15p (plus VAT) for each Alert delivered. We will confirm the charges from the other operators when we know them. " I think this is a bit confusing as I read this as 10p (to talk21) plus 15 + vat to operator. Not cheap but it depends how often its triggered I suppose. My worry would be reliability. I used to use the Cellnet share price SMS service and the number of times the SMS was delayed (reply not received in 30 seconds) or misleading (price feed stopped) were worryingly frequent. AFAIK SMS is not a guaranteed delivery. If the operators SMS Message Centre goes into overload (quite possible with the advent of TV voting etc), messages will start to be queued and when the queue is full new messages are just discarded. Mark
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