A smart investment proves its worth in a week of market drama
A transformational deal highlights the substantial value of this smart meter specialist
Smart Metering Systems (LON: SMS) installs and owns smart meters and data loggers which facilitate effective energy management. At the end of December it had installed 3.7 million meter and data assets with the roll-out of smart meters a key element to the UK achieving government targets for net carbon neutrality.
With less than impeccable timing, SMS chose the worst day for stock markets since 1987 to announce the sale of a proportion of its Industrial and Commercial (I&C) meter asset portfolio for £291m.
The asset sale involves a large proportion (187,000 meters) of its I&C meter portfolio which has a net…
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