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it's powering on hehe
Yep still holding!
Target price £10.00
Still heading upwards in my view.
That will equal/be the all time high last seen in 2017 when smart meters were all the rage.
A much more considered market now exists for this level to be sustained and to rise with growth in the business rather than hype and hope, less fun but much more reliable.
I think £9 should be hit at some stage
Managing storage of renewable energy is going to be an important part of our grid for some time.
SMS can make good operating profits without too much capital risk using the Threadneedle asset management fund to develop and own the assets.
V encouraged to buy more....
ticking over nicely results day
A 130% capital allowance would appear to be good news for sms for the next 2 years.....the sting in the tail is a CT hike to 25%(too high). Get those expensive CARE assets purchased ASAP.
'SMS has concluded an agreement to acquire a portfolio of c.15,000 I&C large power HH electricity meters for a cash consideration of £8.25 million....
...As part of the transaction, which is scheduled to complete in early April 2021, SMS will also take ownership of the data service contracts associated with over 20,000 meters, which will initially generate a further net £2 million of data annualised recurring revenue.
Alan Foy, Chief Executive Officer, commented:
"........In addition, the acquisition of the I&C Half Hourly meter portfolio is testament to the strength of SMS's data platforms, which enables the Group to consolidate such value accretive opportunities and further leverage its well-established infrastructure."'
This seems really positive. I've picked out the bits about data, which they don't seem to make much of. However it's nearly 2/3 of the revenue from the I&C HH acquisition. It looks like it will slot well into SMS's data service ie perhaps with very little outlay or ongoing cost. With meters, energy storage and data SMS seem to be in 3 very strong areas, each with strong streams of recurring revenue. I can't say I understand much about it, but they say data is the new oil...
PS.... and from a position of total ignorance I'm wondering if these large power meters will fit very neatly into opportunities to provide energy storage facilities, say at company level. Anyone know more about it?
Today’s budget should contain some green funding measures that can only help companies like SMS......waiting to hear what RS does.
Deal looks a good one.....you have to expect much of the revenue will fall straight through to the bottom line. If they get 50% margin, that s about 5x earnings.
Good to see they do still win meter work...they play at the smaller end of the market where there have been quite a few failures..
Nice update today
Calisen outlook seems fine
Yes, welcome. And then there were 3!
You are very welcome Deever. UKI2 and I look forward to you thoughts on the results in March.
It took me 3 years to buy in as I started watching after it hit 800 and then the problems with smart meters became quite political.
The SP has been quite volatile in 2020, but the partial sale of the installed book made a big difference and the company is cash positive rather than indebted to its book.
The battery and other care assets are crucial to improving margins as the meters must be becoming more competitively operated and there may be churn in suppliers as many of the smaller operators have ceased trading which presumably affects new installation flow.
I had these in mind to trade, but we will see how they go for a few updates before buying more.
Bought into this share earlier this week (before the announcement) and even though I rarely post was surprised by the lack of chat here. I think this is a sound company, which will continue to steadily grow over time with projects like these and pay a decent dividend. It’s staying in my portfolio for the foreseeable future. Good luck to everyone and looking forward to the update this month.
My break even for Clin is about 820. So I am much happier but have no clue as to why it has shot up in the last two weeks. I think it is still undervalued but risky to buy so I will hold.
They have taken a big bet on Proleukin, if it gets some positive news it will fly higher.
As I am an accumulator, I find it hard to sell. I had set myself up to trade SMS, but it kept on going up and converted to a hold.....I suspect my next trade will be a buy around these levels.
Sorry just saw your message. Alright day for SMS today, seems all the defensives.
Sounds fair re GSK. I'm very far from an expert on health stocks, tbh I thought the GSK chart looked good. Pleased I got out flat.
I know it makes me a terrible person but I also have BAE, seems cheap for what it is, again with a good dividend.
You did well holding Clinigen, I sold too early. Though I made about £1 this time having made arout £2 (in price change!) post crash so not bad overall
Will review this position on results in mid March.
I am keen on seeing the CARE assets growing.
Re GSK markets don’t like surprises and fall first and ask questions later. I expect GSK will be higher than 1300 over the course of the year....but I still prefer AZ given the approvals it has accumulated recently.
Yes, funny as some larger stocks have very few contributors. So many people didn't understand the dividend point. It's the same on many boards. But in truth that anger and emotion is what gives rational investors a chance to profit (or sell whilst others are in denial).
I invest mostly in smaller stuff but have some spare money come in that I want to be able to access easily so have bought 7T and UU (which is having a less good day today!) and added GSK last week. But with the key debate being on the dividend I binned it as soon as I saw the future cut, luckily before the drop.
Good results update. I trimmed about 1/3 of the holding I think in the lower 7s, it's not really moved enough for me to do anything since. My longest holding now by several months (wasn't invested in stocks before crash last year)
UKI2
Think these boards work best with just a few sane contributors.
Saw some of your GSK postings.
mad when you have 200 comments....can’t see the wood from the trees and many getting frustrated and down right rude......
Gsk and Azn boards best left alone as getting toxic. Also LGEN, I felt obliged to remind people to be respectful of each other....
Notice of results also confirms Dec trading update.
Minimal comment but could only cover the last few weeks of Dec..
Expecting presentation on 16 mar will give a boost.
I need to take a look, though the charts terrify me! I like stuff like this that’s utterly ignored.
What are your thoughts (if any) on ITM Power or Ceres Power. They look to be earlier stage Operating in the alternative power area....quite risky and v highly priced.