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Smart Metering Systems plc (SMS)     

dreamcatcher - 02 Nov 2012 18:09



Smart metering ...Smart people ...Smart approach.

With over 15 years experience operating at the heart of the gas industry, Smart Metering Systems provides the UK’s leading gas suppliers and large corporate customers with a comprehensive package of solutions encompassing all aspects of the gas connections and smart metering markets through its subsidiary companies:
•UK Gas Connection
•UK Meter Assets
•UK Data Management

Smart Metering Systems services include:
•Installation, disconnection or relocation of gas infrastructure
•Installation of domestic, commercial or industrial gas metering equipment
•Third party meter asset management utilising "Rainbow" compliant systems and either the IX or DTN exchanges
•Prepayment meter solutions
•Purchase of existing meter portfolios
•Smart Metering solutions
•Comprehensive gas use analysis through a dedicated web interface

With a company ethos based on offering its clients the highest standards of customer care and a track record of investing in both technology and talented people, Smart Metering Systems works hard to maintain a reputation for delivering the high quality of service that its client’s demand.

http://www.sms-plc.com/Company/About-Us



Chart.aspx?Provider=EODIntra&Code=SMS&SiChart.aspx?Provider=EODIntra&Code=SMS&Si

dreamcatcher - 02 Nov 2012 18:41 - 2 of 47

In this weeks IC- Smart metering Systems came to the market in July 2011 at 60p and its shares have rocketed since. The float proceeds gave the group funding to increase the number of meters installed in the commercial and industrial gas market.
This has proved the basis for substantial growth in recurring revenues- in the half year to the end of June these grew 25 per cent to £9.3m. Meanwhile, cash profits rose by two-thirds to £4m. And there should be plenty more to come as the meter portfolio increased by 25% in the first half to 280,000,while investment in meter assets rose by more than half - and new contract wins offer the potential to add 430,000 domestic meters. The company is also now installing its recently developed AMD smart meter device and testing it for use in the water and LPG markets. So there's plenty to be excited about- but it does come with very high rating on the shares.

dreamcatcher - 06 Nov 2012 07:06 - 3 of 47

RNS Number : 3726Q

Smart Metering Systems PLC

06 November 2012






6 November, 2012

Smart Metering Systems plc

('SMS')



SMS signs contract with E.ON Energy Solutions Ltd



The Board of Smart Metering Systems plc (AIM: SMS.L), is delighted to announce that SMS has signed a new non-exclusive contract with E.ON Energy Solutions Ltd for gas metering services including the provision installation and maintenance of gas metering and other ancillary equipment.

The contract covers the lifetime of the meters (approximately 25 years) and is index linked, similar to the contractual provisions already in place for SMS's current meter portfolio. The contract covers domestic and I&C meters and run rates are being established.

Alan Foy, CEO of SMS, commented:

"We are absolutely delighted that a major energy supplier such as E.ON Energy Solutions Ltd has decided to partner with us. This contract represents further penetration of the major UK energy suppliers and is another step towards our stated aim of becoming

dreamcatcher - 10 Dec 2012 17:06 - 4 of 47

I see in shares mag the 2 directors sold £13.6 m.

hangon - 14 Dec 2012 01:05 - 5 of 47

I saw that - despite weasel words the sp is far too toppy IMHO and deserves to be lower. The deal with EON looks somewhat optimistic (talk of 25 years!) yet this is an unproven co.

dreamcatcher - 15 May 2013 20:31 - 6 of 47

They are up 14% today.

skinny - 15 May 2013 21:19 - 7 of 47

Interesting DC - I hold CYAN a similar(ish) smaller company - that have so far been a spectacular non performer.

dreamcatcher - 15 May 2013 21:39 - 8 of 47

Lets hope they head north for you soon skinny.



10 May 2013

Smart meter project is delayed


http://www.bbc.co.uk/news/business-22480068

dreamcatcher - 16 May 2013 19:02 - 9 of 47

On the move another 4.5% today

dreamcatcher - 01 Aug 2013 07:11 - 10 of 47


SMS signs preferred supplier contract

RNS


RNS Number : 6594K

Smart Metering Systems PLC

01 August 2013






Smart Metering Systems plc

('SMS')



SMS signs preferred supplier contract with DONG Energy Sales UK Limited



The Board of Smart Metering Systems plc (SMS) is delighted to announce that following discussions and subsequent engagement by DONG Energy Sales UK Limited (DESUK), SMS has been awarded a preferred supplier contract as DESUK's strategic metering partner for the provision of the full range of metering services to DESUK.

SMS provide solutions encompassing all aspects of the gas connections and smart metering markets and will partner with DESUK, the UK subsidiary of the DONG Energy Group, to deliver services including Meter Asset Management (MAM), Site-works and Data Services provision using SMS's automated meter reading solution the ADM™ device. Post installation, SMS will maintain the management of the meters based on terms which reflect SMS's existing index linked contracts with other suppliers.

Alan Foy, CEO of SMS, commented "We are delighted that DONG Energy Sales UK has decided to partner with us to this extent. This contract re inforces our position in the Industrial & Commercial market for installation of new and exchange of existing meters complete with our ADM™ and Data Services solutions.''





Mike Hogg, Managing Director of DONG Energy Sales UK commented "We are very pleased to have entered into this preferred supplier contract with SMS which will enable us to deliver even better data and energy solutions to our Industrial & Commercial customers.''



skinny - 01 Aug 2013 07:32 - 11 of 47

This may give some upside?

British Gas plans to offer free power on Saturdays

British Gas has said it is planning to offer free power on Saturdays to some of its customers.

The idea is to encourage them to use more of their electricity at the weekend when there is less demand from businesses, according to the BBC's industry correspondent John Moylan .

The scheme would be available to its one million UK customers who have smart meters.

dreamcatcher - 27 Mar 2014 16:52 - 12 of 47

Smart Metering Systems PLC (SMS:LSE) set a new 52-week high during today's trading session when it reached 370.00. Over this period, the share price is up 50.41%.

dreamcatcher - 23 Jul 2014 07:08 - 13 of 47


SMS signs contract with British Gas Business

RNS


RNS Number : 0424N

Smart Metering Systems PLC

23 July 2014






23 July 2014

Smart Metering Systems plc

("SMS" or "the Company")



SMS signs contract with British Gas Business for gas meter exchanges and delivery of automated meter reads



The Board of Smart Metering Systems plc (AIM: SMS.L), is delighted to announce that, following a tender process by British Gas Business (BGB), SMS has been awarded a new contract to install and maintain around 50% of BGB's portfolio of gas meter points.

Under the terms of the contract, SMS will replace BGB's existing diaphragm and pulse output gas meters with Elster meters, which have an integrated data communications system. SMS will also install its ADM™ solution for BGB's customers to both existing and exchanged rotary and turbine gas meters. The programme roll out is anticipated to complete by 2017 and, once installed, the meters will form part of SMS's long term index linked contracts.

Alan Foy, CEO of SMS plc, commented:

"We are delighted that BGB has chosen SMS to undertake this meter exchange programme over the next three years. The signing of this contract is another step towards our ambition to become market leader in the independent ownership of I&C meters and in the provision of automated meter reading solutions for our customers."

Matt Idle, Director of Customer Operations, British Gas commented:



"Since 2008 we have made significant efforts to ensure that all of our customers could benefit from advanced metering, and this agreement is the result of many years of development. The Elster meters installed and maintained by SMS will enable our corporate customers to benefit from innovative technology, which will make it easier for them to control and reduce their energy costs."

dreamcatcher - 31 Aug 2014 18:22 - 14 of 47

Interim results Tues 2 Sept.

dreamcatcher - 02 Sep 2014 16:41 - 15 of 47


Interim Results for six months ended 30 June 2014

RNS


RNS Number : 5631Q

Smart Metering Systems PLC

02 September 2014






Smart Metering Systems plc

("SMS" or "the Company")



Interim Results for the six months ended 30 June 2014



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 its interim results, which show continued growth for the six months ended 30 June 2014.

Financial highlights


·

Revenue increased by 44% to £18.9m (H1 2013: £13.2m) - increase of 24% excluding Utility Partnership Limited ("UPL")


·

Recurring meter rental increased by 43% to £8.6m (H1 2013: £6.0m), representing 46% of total revenue


·

Gross profit increased by 52% to £12.2m (H1 2013: £8.1m) - increase of 38% excluding UPL


·

Adjusted EBITDA* increased by 59% to £8.7m (H1 2013: £5.5m) - increase of 50% excluding UPL


·

Basic earnings per share increased 23% to 4.02p (H1 2013: 3.27p)


·

Interim dividend increased by 34% to 0.94p per ordinary share


·

£14m acquisition of Utility Partnership Limited (UPL) on 14 April 2014: addition of c.£2m EBITDA annual run rate adding electricity connections, meters, data and energy services to SMS's services


·

Net debt of £48.6m and a net debt to EBITDA of 2.8x


·

Available cash and unused debt facility of £56.4m




*Excluding exceptional items and fair value adjustments



Operational highlights


·

Total meter portfolio increased by 13% to 534,000 (December 2013: 469,000)


·

Increase of 48% in capital investment in meter assets to £15.5m (H1 2013: £10.5m)


·

Increase in annualised recurring gas meter rental at 30 June 2014 of 42% to £18.8m (H1 2013: £13.2m)


·

Contract extensions or additions from a number of major customers, including British Gas Business (after half year end on 23 July 2014)


·

Acquisition of UPL with an annualised run rate c.£2m EBITDA from electricity market providing connections, meters, data and energy services


·

ADM™ installations increased to over 24,000 units to date




- Received full accreditation for water market in the UK




- International trials continuing


·

Asset installation




- Increase of 32% in asset installation revenue to £9.5m (H1 2013: £7.2m), of which gas connections business reduced by 13% to £3.6m (H1 2013: £4.1m)


·

Strengthened Board with the appointment of energy sector expert Willie MacDiarmid as Non-executive Director




Alan Foy, Chief Executive Officer, commented:



"SMS has recorded another six months of strong trading, marked by further milestones for the Company including an acquisition and a significant contract win. We are especially excited that we can now offer our expanded customer base a full gas and electricity proposition, following SMS's acquisition of Utility Partnership Limited in the first half of 2014.



SMS has grown in line with expectations and is well positioned in its markets following the acquisition and integration of Utility Partnership Limited's complementary electricity business activities and the announcement of a new contract from British Gas Business which will have a positive impact over the next three years."

dreamcatcher - 03 Sep 2014 20:19 - 16 of 47


Questor share tip: Smart Metering Services profits jump

The smart meter business reported rapidly growing revenue and profits in the first half of the year, says Questor.


Revenue increased by 44pc to £18.9m and pre-tax profit rose by 40pc to £4.64m





By John Ficenec, Questor Editor

6:00AM BST 03 Sep 2014


Smart Metering Services
393¾p+13¾p
Questor says HOLD


SHARES in companies that install smart gas and electricity meters for industry look like a solid bet as they provide steady revenue and dividend income.


Aim-listed Smart Metering Services [LON:SMS] is one such company, and shares edged up almost 4pc yesterday on first-half results.


Government targets that require a new generation of smart meters to be installed are driving rapid growth. These meters provide constant data on gas and electricity use and potentially allow industrial customers to moderate their energy use, saving thousands of pounds.


Smart Metering Services buys smart meters, installs them and then charges an annual fee for their use. The upfront capital cost of the meters is then repaid.



The portfolio of meters installed increased by 13pc to 534,000 during the first six months ended June 30. Revenue increased by 44pc to £18.9m and pre-tax profit rose by 40pc to £4.64m.

The recurring revenue from the meters is contracted for many years and makes up around half of the first-half revenue for the group, the balance of the revenue comes from charges for installing new meters.

The company is currently in expansion mode to take advantage of the Government’s legislation on smart meters. Investment in new smart meters was 50pc higher at £15m in the first half. The company also spent about £10m acquiring UPL, a company that focuses on electricity smart meters.

Smart Metering Services is highly cash generative with cash from operations of £12.2m made in the first half up more than 80pc from the same stage last year. However, once the investment in new meters and acquisitions is subtracted, net debt increased to £48.6m from £33.3m six months earlier.

The company was confident enough to increase the interim dividend by 34pc to 0.94pc, ex-dividend October 16 and payable November 21.

Market consensus is for full-year pre-tax profits of £13.7m giving earnings per share of 12.8p. The shares are trading on 29 times forecast earnings, falling to 22 times next year. Questor thinks these smart meter companies should take about five years to pay down their debts before turning into cash machines. The shares are looking a bit expensive at the moment but well worth keeping an eye on for any dips. Hold.

dreamcatcher - 30 Jan 2015 07:06 - 17 of 47

Post-Close Trading Update
RNS
RNS Number : 5501D
Smart Metering Systems PLC
30 January 2015



Smart Metering Systems plc

Post-Close Trading Update





The Board of Smart Metering Systems plc (AIM: SMS.L) ("SMS" or the "Company"), 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 in the year ended 31 December 2014.



SMS has continued to experience a strong performance across all segments of the business and, in particular, has seen growth in the installation of industrial and commercial meters together with increased adoption of its ADM™ device and has also established a new Electricity division.



The Company made significant progress across a number of business areas over the year. In the early part of 2014, the Company acquired Utility Partners Limited ("UPL"), an electricity metering business that provides connections, meters, data and energy services. This is now the business' new electricity division.



SMS also secured contract extensions or additions from a number of major customers, including a significant new contract with British Gas Business and the Electricity division won contracts with Opus Energy and DONG Energy Sales Limited, both existing customers of SMS' Gas division. In November 2014, the Company re-negotiated its £105m club facility to provide further funding flexibility.



The Company's continued investment in its gas meter portfolio saw the total number of gas meters under management increase by approximately 29 per cent to c. 607,000 by 31 December 2014, in line with management's expectations for the period.



SMS now has four recurring income streams, all of which grew sustainably in the 12 month period to 31 December 2014. In the Gas division, meter recurring rent increased 41% to £21.9m, while data recurring income reached £1m. In the Electricity division, meter recurring rent doubled to £567,000 and data recurring income grew 29% to £2.7m.



SMS has now deployed over 41,000 ADM™ devices and has been successful in receiving full accreditation for the water market in the UK. The Company remains confident that its ADM™ device technology has a broad range of potential applications in gas, electricity, water and LPG markets and has been continuing with trials of the device internationally, where SMS is particularly encouraged by recent progress.



Based on unaudited management accounts for the period, SMS expects that its results for the year to 31 December 2014 will be in line with current market expectations and these will be published in mid-to-late March 2015.



Alan Foy, Chief Executive Officer, commented:

"2014 was a landmark year for SMS and our growing team, completing a significant acquisition and with further contract wins. SMS is delighted to have operationally fully integrated our Electricity division following the acquisition of UPL in April 2014 and we are particularly positive on the outlook for its business in 2015. We can now offer our clients a full utility service and have both secured significant new contracts and renewed existing client relationships during the period. We remain focused on delivering our order book of meter exchanges and data business whilst fully positioning the business for the UK domestic smart meter roll out. The business is well positioned for continued growth in 2015."

Energeticbacker - 30 Jan 2015 11:10 - 18 of 47

Smart Metering Systems (AIM:SMS) the integrated metering services company looks in great shape. Read more at http://tinyurl.com/l5naegt

dreamcatcher - 24 Feb 2015 17:16 - 19 of 47

Proactive investor stockwatch/A-growth-fair-price-play

Energeticbacker - 16 Mar 2015 12:08 - 20 of 47

Excellent set of results for the 12 months to 31 December 2014, although the valuation clearly warranted it and doesn’t allow for slip-ups!

Revenue increased 52% to £42.4m (25% excluding acquisition of UPL) with total annualised recurring revenues increased by 43% to £26.2m. Gas metering and data recurring rent increased 41% to £21.9m and data recurring income reached £1.0m and Electricity metering and data recurring rent doubled to £0.6m and data recurring income grew 29% to £2.7m.

See more at http://tinyurl.com/kmzng3g

dreamcatcher - 28 May 2015 20:28 - 21 of 47

AGM Statement
RNS
RNS Number : 4340O
Smart Metering Systems PLC
28 May 2015

Smart Metering Systems plc



AGM Statement



("SMS" or the "Company")



Smart Metering Systems plc (AIM: SMS.L) announces that Paul Dollman, Chairman of SMS, will make the following statement at today's Annual General Meeting:



"I am pleased to report that SMS continues to make significant progress in 2015, its 20th year in business, and to deliver continued growth across all segments of the business. Total annualised recurring revenues have increased by over 10 per cent. from £26.2 million as at 31 December 2014 to £29.0 million as at 30 April 2015, in line with management's expectations. In addition, the Company's continued investment in its asset portfolio has seen the total number of gas meters under management increase by over 5 per cent. to 637,971 and the total number of electricity meters under management increase by approximately 39 per cent. to 16,658, in each case as at 30 April 2015 and in line with management's expectations.



We continue to see the benefits of our expanded service offering across both the gas and electricity sectors and the positive impact of a fully integrated service in these markets for our customers."

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