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Seems rather large percentage drop & intra day share price has been showing some strange movements. I got stopped out at 532 and i bet lots were stopped out around this mark so possible its in part profit taking then the drop has tripped SLs on the way down. EAS is down 10.54% over 5days Was hoping for much better on this one will keep eye on and might look to purchase again
Well this sux SL triggered at 539 as I'm away on a break for a few days. Is it really just profit taking and SL's creating the fall? Annoying as I wanted this to run, will look to buy back in when I return
I have been looking but can't see anyy reason. It might be profit taking ...
Has there been some news on this its been dropping all week and now today's large percentage drop i was stopped out earlier in week
And nicely through and into the 600's
Energy Assets still a buy: Smart gas and electricity meter company Energy Assets, reported rising revenue, profits and cash generation in its annual results and there is every reason for the success to continue. New contracts were signed during the year in the Data Services division, which analysis energy uses and offers advice to cut bills, and this increased profits by 47%. The Siteworks part of the business, which provides engineering advice on meter installation, had a very strong year with revenue up 77% to £12.9 million and profits up 41%. Energy Assets increased cash generated from operations by 34% during the year to £20 million, and reinvested all of this to grow the company. Acquisitions in the year increased net debts by £14 million, to £65 million, and that is against net assets of £36.5 million. The shares are up £1 since we last recommended them (Buy, 475p, April 17) and have almost doubled since we first liked the prospects (Buy, 317p, October 4, 2013) trading on 20 times forecast earnings, falling to 15 times next year we would still hold onto them for further growth. Energy Assets at 578p +14.5p. Questor Says “Buy”.
Tipped yesterday by Robbie Burns (Naked Trader): Http://www.masterinvestormagazine.co.uk/latest/robbie-burns-trading-diary-2/ "Another one I bet you never heard of is Energy Assets (EAS). I’m already up 70% on my first buy of these and I’ve bought some more this month. This company is the largest independent provider of industrial and commercial gas metering services in the UK and a provider of electricity metering and data services. Demand for the installation of advanced utility metering and related services remains high and, as a result, Energy Assets says it continues to experience strong trading and growth. This area of the market just keeps on growing and Energy Assets is taking full advantage of its position. It just keeps announcing deals too – most recently with City West Homes and Westminster Council. This is another boring one I expect to hold for some time."
but I can't buy in to that chart , well done BTW, I was too late.I think ?
In tonight's FTSE reshuffle it seems to me there's a good chance EAS will get promoted from the FTSE Fledgling Index to the Small Cap Index. If so we should see continued demand for the shares from trackers etc at the very least.
....and a break above 500p with late buying at 505p. EAS' current year P/E ratio remains some way lower than SMS's, so still some ground to make up.
It is a shame when LSE delete all the BB messages but I suppose it is preserving the site as a whole because it must cost to store old messages.
Although the total level of leakage and theft for gas is projected to be between 2% and 3% (as indicated above), there are a number of industry initiatives under way which are expected to bring the gas industry more in line with the electricity industry and which should reduce the amount of leakage and theft allocated to domestic suppliers. These include Project Nexus (whereby gas meter readings for domestic customers will be fully reconciled by the gas industry system operators in a similar manner to electricity) and the roll-out of smart meters which are currently scheduled to be installed over the next five years.
The market will now look towards this year's forecast of 29p-30p EPS now that 25p+ EPS is in the bank. EAS' cash flow is hugely attractive, and of course the recurring revenue etc. And EAS has been tipped today by Questor in the Telegraph.... Http://www.telegraph.co.uk/finance/markets/questor/11544238/Questor-share-tip-Energy-Assets-still-a-buy.html "Questor share tip: Energy Assets still a buy The smart meter company is building up a strong core of cash generating assets that investors should tap into, says Questor. Energy Assets 475p -2p Questor says BUY ENERGY Assets [LON:EAS], which installs smart electricity and gas meters for industry, is seeing revenue and profits rise as customers try to save money. The company said yesterday that the core meter asset management division – responsible for 43pc of group revenue – which installs the meters had another strong year. The group reported it held 365,000 meters at the end of March, up from 327,000 meters at the end of July, and about 163,500 a year earlier. The market expectation is for full-year pre-tax profits from those meters to reach £8.8m, up from £6m last year. The company should generate 25p in earnings per share for the year when it reports results on June 9. Questor thinks the long-term outlook for the company is good. It buys smart meters, installs them and charges an annual fee for their use. The average meter costs £850, and generates £135 a year in rental fees for Energy Assets. The upfront capital cost of the meters is funded by debt that is paid off over an eight-year period, but the meter can last at least 20 years. The rental fees Energy Assets earns are guaranteed by blue-chip names such as npower, British Gas and Gazprom; the fees also rise with the Retail Prices Index for up to 15 years. Once the company’s debts are reduced it can start paying dividends. The payout is expected to start in the year ended June 2016 at about 7.6p per share, or a prospective yield of 1.7pc, and rise sharply thereafter. The shares have risen 50pc since we recommended them 18 months ago (Buy, 317p, October 4, 2013). Questor likes the growth profile and income potential despite the risks inherent in investing in such a small company at an early stage. The shares aren’t cheap, trading on 18 times forecast earnings, but due to the growth in revenue and profits that falls to 15 times next year’s earnings and 12 times after that. However, Questor thinks the potential for steady cash generation makes this a share for the long term. Buy."
EAS share chat gone missing hence subject but I was posting here last year: EASdrop7 Jan '14 I expect we will hear something has altered the business plan but hope not. http://www.smartmeters.com/the-news/4351-smart-meter-deployment-might-miss-goals-but-still-good.html
Good coverage this morning - I hadn't seen that Macquarie had a 645p target here.... Http://citywire.co.uk/money/6-shares-the-pros-are-buying/a795862#i=3 "Ryan and Buckle invest with EASE Citywire AAA-rated veteran ethical investor Audrey Ryan and AA-rated Iain Buckle have upped their exposure to meter management business Energy Assets Group (EASE) following a slide in its share price. The duo lifted their exposure to the business to 4.2% worth £4.9 million at a share price of 432p. Shares in the company have recovered most of their ground since a sell-off earlier in the year. Numis rates the company a buy with a price target of 530p while Macquarie Research rates it outperform with a price target of 645p. Sentiment regarding energy efficiency stocks has dropped sharply alongside energy prices since last summer. The shares are held in the team’s Kames Ethical Cautious Managed fund, with a small number managed by the company’s Kames UK Smaller Companies fund."
Sp should rise on back of any share buy back as noted in AGM notes
any ideas on the difference in valuation?
Capital growth is welcomed - any idea when EAS will pay any dividend? 5 years?
On 23rd July Numis rerated EAS from 380p to 530p - so almost a 40% increase.
tipped by Questor this am in the Telegraph http://www.telegraph.co.uk/finance/markets/questor/10988919/Questor-share-tip-Energy-Assets-jumps-on-British-Gas-deal.html The company is forecast to achieve pre-tax profits of £9.1m, on revenue of £34.8m, in the 12 months to March 2015, up from £6m and £24.2m respectively last year. That provides forecast earnings per share of 26p. The shares are trading on a forecast price-earnings ratio of 13.8 times, falling to 10 times next year. What’s more, the dividend is expected to almost triple from 3p this year to 6p next year and then 8p the year after.
only 1000 on offer now up to 445p where there are 2500
MMs look to be very short of shares - only 2000 on offer up to 445p on level 2