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hi just started buying into this share back in June on a monthly basis. This is the way the world is going, sMARt. So fill ye socks up before they get taken over.
All i'd say is nothing goes up in straight lines and theres nothing out there to suggest concern. Goes ex-div 17/10/12. I m expect a return to 258p by then.
Any ideas on the drop today?
Another healthy wee rise and Legal & General hoovering up some shares. My buy showing as a sell today. Great little stock this. But still I talk to myself on here lol
Vindicates my decision to get back in here. Initially had a 112p average which I stupidly sold at 126p trying to be clever. Pulled my hair out as it hit 200p then bit the bullet and got back in. Think this has good long prospects but has already outperformed most of my so called short to medium term investments over the last 6 months. In a related field I like the look of GOOD energy but need to free up funds to get in there. GLA
Thanks. Does look at a good long term share. Definately need to diversify my portfolio as all tied up in oilies at the mo. need GKP to spike and then hopefully have plenty of options. GL and see you around.
Smart Metering Systems announced its maiden dividend after increased numbers of people using its meters boosted profits in the first half. Pre-tax profits rose by 88% to £2.9m, with earnings per share going up by 46% to 2.6p. Revenue increased by 25% to £9.3m, all of which prompted the firm to announce its maiden dividend of 0.5p. The company, which owns and maintains metering systems and databases on behalf of major energy companies, said its meter portfolio had increased by 25% to 283,275 during the period. The firm highlighted several new contracts won during the period, including one with Scottish and Southern Energy, which adds around 180,000 meters to its portfolio. "SMS has continued to make significant progress against its core objectives, with recent contract wins prospectively adding the equivalent of 430,000 domestic meters," said Chief Executive Alan Foy. "Further new clients, positive progress in the trialling of the group's smart meter technology and new banking arrangements have underpinned the growth of the business," he added.
Outlook SMS has continued to make significant progress against its core objectives, with recent contract wins (SSE, Total and CNG) prospectively adding the equivalent of 430,000 domestic meters. Further new clients, positive progress in the trialling of the Group's smart meter technology and new banking arrangements have underpinned the growth of the business. The board continues to look to the future with optimism.
Gristy - howdy - I firmly believe this Company has a lot of potential still to over - todays results back that ....and as you say the SP movement has been outstanding ...I think there is still a lot of mileage here as long as the company keeps expanding and it should be a good ble day today - however the markets are not always predictable and some 'correction' may occur to the SP in the near future. Although I have been in here before, I am not at present. I will be buying on any dips but I will leave again when my 10 - 20% target is reached - I have missed out on the large rise here becuase of that tactic but profit is profit - not all shares follow the pattern that the SP has here !
Alan Foy, Chief Executive Officer, commented: "SMS has had another strong trading period, with significant new contracts in both the domestic and I & C markets in addition to our first sales of the ADM™ device , enhanced by securing banking facilities to support our plans. We look forward to the future with confidence which underpins our decision to announce our maiden dividend to shareholders."
Post balance Sheet Events · New banking club arrangement announced on 2 August 2012 for £45m with Barclays Bank PLC (lead bank), Clydesdale Bank PLC and Lloyds Bank PLC, replacing all existing facilities · Received Full European Patent Approval for the ADM™ device effective 15 August 2012 · Total portfolio increased to 296,000 at 31 Aug 2012 with a corresponding annualised recurring rental increase to £9.65m · New contract with DONG Energy Sales Limited (formerly Shell Gas Direct) announced on 30 August. This contract includes the provision of ADM™.
Operational Highlights · Total meter portfolio increased by 25% to 283,275 (H1 2011: 227,517) · Increase of 51% in capital investment in meter assets to £5.9m (H1 2011: £3.9m), bringing the total to £26.4m · Increase in annualised recurring revenue of 38% to £9.1m (H1 2011: £6.6m) · Significant new contracts announced · Gas Suppliers § Scottish and Southern Energy (SSE) : c180,000 domestic meters § Total Gas and Power (TGP) : Initial Quantity of 15,000 I & C meters and ADM™ devices § Contract Natural Gas (CNG) : Initial Quantity of 1475 I&C meters and ADM™ devices with exclusive arrangement to the balance of their portfolio estimated at over 20,000 I&C meters · Energy Brokers; providers of brokerage services to small medium and large group consumers § BIU, Solis, Energi, Imserve and ISS for ADM™ devices and gas meters · Trials commenced in the Water and LPG markets in the UK for the ADM™ device
Interim Results for the six months ended 30 June 2012 Smart Metering Systems plc (AIM: SMS.L) is pleased to announce its interim results which show a strong trading performance for the six months ended 30 June 2012 and a maiden dividend to shareholders. Financial Highlights · Revenue increased by 25% to £9.3m (H1 2011:£7.4m) · Recurring meter rental increased by 39% to £4.2m (H1 2011: £3.0m) · Gross Profit increased by 53% to £5.8m (H1 2011:£3.8m) · EBITDA* increased by 66% to £4m (H1 2011:£2.4m) · PBT* increased by 88% to £2.9m (H1 2011:£1.5m) · Basic earnings per share increased by 46% to 2.6p (H1 2011:1.78p) · Maiden dividend of 0.5p per ordinary share *Excluding exceptional items and fair value adjustments
http://www.investegate.co.uk/Article.aspx?id=201209050700064976L
According to the RNS of 23/08 tomorrow we should have the Interim Results for the 6 months ended 30 June 2012
Sure I've seen you on GBK BB in the past. Any opinion where you think SP is heading over the next couple of years? Obviously would have been nice to have been here a year ago buy hey ho. Is there genuine upside potential or have we missed the boat? I know - DYOR :)
Alan Foy, CEO of SMS, commented: "We are very pleased that DONG Energy Sales Limited has decided to adopt the ADM™ solution as part of this contract. The signing of this contract is another step towards our stated aim of becoming market leader in the independent ownership of I&C meters and establishing the ADM™ as the industry standard smart metering solution for I&C clients.
SMS signs contract with DONG Energy Sales Limited for meter exchanges and ADM™ roll out The Board of Smart Metering Systems plc (AIM: SMS.L), is delighted to announce that SMS has signed a new contract with DONG Energy Sales Limited (formerly Shell Gas Direct), a UK subsidiary of DONG Energy . This contract includes the provision of SMS's advanced automated meter reading solution, ADM™, for DONG Energy Sales Limited's industrial and commercial (I & C ) customers. The contract covers gas meters to be exchanged for new pulse enabled meters installed at the premises of DONG Energy Sales Limited's customers, in addition to installation of the ADM™ solution. Initial run rates are currently being established and once installed the meters will be included in SMS's long term index linked contracts.
http://www.investegate.co.uk/Article.aspx?id=201208300700070475L
Not much posting here. But this is a fantastic success story. The sp keeps rising almost daily. Has nobody noticed?? I'm in at 66p, thank you very much..
Smart Metering Systems (SMS) has signed a major new contract with Total Gas & Power, a UK subsidiary of Total SA, for the provision of gas meters and SMS's automated meter reading solution, ADM, for its industrial and commercial customers. The meters range from small domestic sized meters to very large meters and therefore the value to SMS per meter differs markedly across the range. The contract with TGP is for around 15,000 meters over three years. Longer term average run rates are being established; however, initial run rates suggest that the equivalent number of domestic meters would be approximately 250,000 in value to SMS. The firm said it was "absolutely delighted" about the deal.
Alan Foy, CEO of Smart Metering Systems plc, commented: "We are absolutely delighted that TGP, the second largest gas supplier in the UK's I & C market, has decided to adopt the ADM™ solution. This is our second I & C contract to be announced in recent months and marks a step change in the adoption of the ADM™ solution as an industry standard. The ADM™ continues to trial very successfully with other I & C gas suppliers and energy brokers and we anticipate announcing further progress in due course. "
Smart Metering Systems (SMS) has secured a contract to supply its automated meter reading system, ADM, to gas provider Total SA's (TTA) commercial customers. The deal covers the installation of around 15,000 meters and will last for three years, which the firm equated in value to providing 250,000 domestic metres. The news follows a deal with SSE (SSE) for the installation and maintenance of 180,000 domestic units. Shares in Smart Metering gained 17.5p to 161p.
http://www.investegate.co.uk/Article.aspx?id=201206130700032087F
Alan Foy, Chief Executive Officer, commented: "We are absolutely delighted that these important clients have decided to partner with us to this extent. We concluded 2011 with a meter portfolio of 254,000. These contracts represent a substantial increase in our business and significantly increase our participation in the domestic meter business as well as reinforce our position in the I&C market. The ADM™ solution offers our customers a substantially cheaper meter reading alternative to the current manual read services."