The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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http://www.investegate.co.uk/Article.aspx?id=201206210700058208F
Phil Bellamy-Lee, Chief Executive, commented: "We operate in a heavily regulated sector of the gas industry and can only do so if we have the highest quality systems in place. It is therefore particularly pleasing to confirm that Energy Assets has added OAMI accreditation to its list of accreditations, providing additional operational flexibility and therefore the opportunity to further improve service delivery to our customers. The outcome of our last two operational audits is testament to all of our employees and supply partners' collective efforts and the emphasis we place on investment and the continued development of our systems and processes."
OAMI Accreditation Energy Assets, the largest independent provider of gas metering and related services to the UK Industrial and Commercial ("I&C") market1, is pleased to announce that it has achieved accreditation as an Ofgem Approved Meter Installer ('OAMI'), having passed its first audit. This follows on from the recent successfully completed 3 yearly Meter Asset Management ('MAM') audit. Energy Assets' systems and processes proved their value in both audit processes, with not a single non-conformity recorded. MAM audits are carried out annually with a complete system review undertaken on a rolling 3 year cycle. The Group now has the following accreditations: Siteworks - GIRS accredited MAM services - Ofgem accredited AMR services - ESTA accredited Quality management system - ISO 9001:2008
Phil Bellamy-Lee, Chief Executive, commented: "I am pleased to provide this update on trading, our first since Energy Assets listed on the Main Market of the London Stock Exchange last month. We remain well positioned to take advantage of the opportunities driven by regulatory changes in the Industrial & Commercial gas market and the desire of end-user consumers to improve the efficiency of energy usage."
Trading Update Energy Assets, the largest independent provider of gas metering and related services to the UK Industrial and Commercial ("I&C") market1, announces an update on trading ahead of its Annual Results to be announced on 21 June 2012. The Group's trading for the twelve months ended 31 March 2012 has been in line with management expectations and the profit forecast contained within the Prospectus. The number of meters and data loggers installed, as well as general activity in the three divisions (Siteworks, MAM Services and AMR Services) remained strong. As of 31 March 2012, Energy Assets has increased the number of assets in its portfolio to c. 63,000 meters owned and managed and c. 21,000 data loggers. The business outlook for 2012/13 remains positive and we have already successfully renewed a number of AMR contracts for an additional five year term.
http://www.investegate.co.uk/Article.aspx?id=201204250700170140C
Interesting company new to market operating in the metering sector.Its competitor SMS came to market (AiM) last year and its sp has doubled.EAS looks a much better run business. Looks a good buy at sub 200p