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Smart Metering Systems plc ("SMS") Significant New Contracts and First Sales for ADM The Board of Smart Metering Systems plc (AIM: SMS.L) is delighted to give the following update with respect to significant new contracts in the Domestic and Industrial and Commercial (I & C) markets which will have a major impact on the Company's meter asset portfolio over the next two to three years and includes the announcement of the first sales of the Company's advanced metering solution ADM™.
Good to see we're rising, but why today? Anyone?
I'd thought along the same lines as yourself with regard to a rise and wish I'd topped up at 100p . The 'too many eggs in one basket' thing worried me though. As for the Hoops, I'm sick. I'll be in Spain with family on the weekend of the Cup Final. We were expecting a treble winning weekend. Not to worry still woke up Champions this morning, Hail Hail.
brief and to the point! Must say i was expecting a rise Had hoped about £1.15-20 How is there no brokerage cover for the company and very little info on web. Guess by your tag hoopy your like me gutted but i am getting a little annoyed with the "which celtic are going to turn up routine" bar refs bias decisions Hail Hail
i think sms will move thru to £1 .10 -£1 20 leading up to mid april results Fgures look very promising SMS under the radar just now
@10:13. I reckon full year results April 26th.
http://www.telegraph.co.uk/finance/yourbusiness/9096629/British-Gas-says-free-service-can-save-firms-thousands.html This interested me, " the roll–out has already raised a number of issues for business customers. One such concern is that of hidden charges imposed when a customer switches to another supplier after a smart meter has been installed. Some of the main suppliers have yet to agree to accept readings from meters installed by rivals, leaving businesses paying for a smart meter even though they are receiving electricity from another supplier." Might it be easier for them to outsource metering to a third party. I don't know, someone like SMS maybe ;) SMS fee would equate to only 2% of a customers bill it's a good fit. I&C is only the tip of the iceberg.
Hoping to get on board tomorrow. These will be the first shares going into my wife's SIPP so I'll be watching with interest. Being Glasgow based I might actually get along to an AGM as well. ;)
Some very good figures here
The Group continues to grow its revenue generating meter asset base from its existing gas supply customers in both the domestic and the industrial and commercial ("I&C") markets. As reported at the interim stage, D-ENERGI and Vayu Limited have been added as contracted customers bringing the total number of gas suppliers signed under service contracts for the operation and management of gas meters to 14. Trials have progressed successfully with the now fully "zone zero" accredited ADM automated meter reading device. The ADM solution offers our customers a substantially cheaper meter reading alternative to the current manual read services within the I&C market - a key incentive for gas suppliers to adopt the solution. Alan Foy, Chief Executive Officer, commented: "We are pleased to provide an update on trading for the last financial year ahead of market expectations. We have made solid progress since the flotation in July 2011 with investment in meter assets increasing and with the ADM device continuing to trial very successfully. We have also strengthened the senior management team and are confident of further growth during 2012."
Trading Update Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases is pleased to provide the following update on trading. Based on unaudited management accounts for the 12 months to 31 December 2011, the Group expects that its results will be ahead of current market expectations. The full year results will be published in mid-April 2012. Financial Highlights · Strong trading performance for the year to 31 December 2011 · Successful admission to trading on AiM and £10m of gross proceeds raised in July 2011 · Increased lease finance facility made available by Clydesdale Bank plc in October 2011, extending the available facility from £12m to £19.5m · Revenue increased by 29% to £16m (2010: £12.4m) · Gross profit increased by 62% to £8.9m (2010: £5.5m) · Adjusted EBITDA* increased by 97% to £5.7m (2010: £2.9m) *Excluding exceptional items Operational Highlights · Gas meter portfolio increased to 254,000 at 31 December 2011, an increase of c.12% from IPO (at 30 June 2011; 227,000) and an increase of c.19% from the previous year (2010: 214,000) · Recurring meter rental income increased by 29% to £7.6m as of 31 December 2011 (2010: £5.9m) · £9.2m invested in meter assets during 2011 · Successful trials of ADM smart metering device with major gas supplier customers
http://www.investegate.co.uk/Article.aspx?id=201202150700294289X
7 December 2011 Smart Metering Systems plc ("SMS") ADM(TM) Product Receives 'Zone 0' Intrinsically Safe Classification Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases is pleased to announce that it has obtained EC certification for equipment intended for use in Potentially Explosive Atmospheres (ATEX 95 equipment Directive 94/9/EC) and the International Electrotechnical Commissions IECEx Certificate of Conformity for its ADM(TM) device. ADM(TM) has been certified as being intrinsically safe, this confirms that the ADM(TM) is suitable for operation in Zone 0 - "An area in which an explosive air/gas mixture is continuously present or is present for long periods". The certification process was conducted by Baseefa, Baseefa are a Notified Body, authorised to issue certification for equipment or protective systems. SMS has received confirmation from Baseefa that the ADM(TM) product has satisfied the requirements for the above certifications. Alan Foy, Chief Executive Officer of SMS said: "Successfully obtaining 'Zone 0' Safe Classification for SMS's ADM(TM) device is a useful milestone for the Company and will enable the ADM(TM) device to be deployed across a range of I&C premises from small commercial premises to more hazardous environments such as large industrial or chemical sites." For further information please contact: Smart Metering Systems plc Alan Foy, Chief Executive Officer Glen Murray, Finance Director 0141 249 3850 Cenkos Securities Ken Fleming 0131 220 6939 Jon Fitzpatrick 0207 397 8900 Kreab Gavin Anderson
Recent AIM debutant and meter specialist Smart Metering Systems (SMS) grew sales by 28% in the six months to June amid continued demand for its services. The Glasgow-headquartered company, which specialises in a variety of services for the gas industry such as gas meter installation, reported an increase in pre-tax profits from £704,000 to £1.5m on turnover of £7.4m. EPS increased from 0.6p to 1.79p while net debt stood at £1.4m. SMS joined AIM this June at 60p a share in a float that raised £10m. In an interview with Growth Company Investor, chief executive Alan Foy enthused that the company was benefiting from investment into its IT system, noting that for every meter installed it receives an income stream. Foy argued that, as a result, 'Growth in our business comes from gearing and increasing our assets.' Foy was keen to remark that the government has introduced legislation mandating that all commercial meters are 'smart' by 2014, with all residential properties in the UK to be made smart by 2019. Smart meters send data regarding energy consumption directly to the energy supplier without the need for a meter reading. Analysts at house broker Cenkos are forecasting pre-tax profits of £3.8m (EPS: 2.4p) on sales of £15m for the year to December 2011. In 2012, profits of £4.9m (EPS: 4.4p) are expected on turnover of £17.2m. A maiden dividend of 0.4p a share is forecast for 2012. The company is looking to profit through mandatory legislation, with recurring revenues offered via its business model with continual income received from each meter. SMS operates in a sector with considerable barriers to entry and is a relatively low-risk investment by sector standards. Buy.
nice to see some posting on here. I bought in last week at 75p and sold yesterday. I think the hype will go out of the share price short term and I will look to buy back in later. Hope to see you and a few more faces around in the months to come.
sorry guys , haven't been checking the board..Got them through my broker at average of 67 on 8th july. Glad I did...think it's one to keep.
LP 93-97p. Wonder if we shall see further holdings RNS from the insitutions who seem very keen to be in on thi one.
LOL. He managed to buy them before they were even trading on AIM. Must have been in on the over-subscribed placing hey ???? lol . Brilliant. On the plus side, someone certainly seems to like this one ... wonder how far they can go ?? I am a latercomer @ 84p but hoping that will be a nice entry ... it certainly looks a good market to be in .. GL
Handy - Ricky hasnt replied yet ! wonder why?
On the AIM Admission, Alan Foy, Chief Executive Officer said: "Our flotation on AIM today marks a new chapter for our business. We have a strong business model which investors have shown their support for during the IPO process and now look forward to building shareholder value as a listed company."
Smart Metering Systems (SMS) has floated on AIM, raising 10 million pounds that will be used to fund organic growth through investment in gas meter assets and its patent pending ADM smart metering device. The gas infrastructure company added that Ofgem, the electricity and gas market regulator, is considering a mandate to make all UK meters ‘smart’ by the end of 2019 and if passed, would provide significant opportunities. Shares in Smart Metering Systems, which had a market capitalisation of 50 million pounds on admission, were unchanged at 75p