Make your money go further for just 25p per day

Smart Metering (AIM:SMS) – positive update and huge potential through smart meter roll-out

28/05/2015 · Smart Metering Systems (SMS) 

The highly rated owner and operator of metering systems and databases on behalf of major energy companies has issued a positive AGM statement confirming all is on track. With the smart meter roll-out in the UK set to accelerate SMS looks in a great position to benefit.

Total annualised recurring revenues have increased by over 10% from £26.2m as at 31 December 2014 to £29.0m 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 increased by over 5% to 637,971 and the total number of electricity meters under management increase by approximately 39% to 16,658, in each case as at 30…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Smart Metering Systems

Episode 20 of the Investor’s Champion Podcast

31/05/2024 · Podcasts

This episode of the Investor’s Champion Podcast focuses on the rampant takeover activity in the UK…


Downgrades | Bargains | Interest rate winners

18/01/2024 · Company Insights

Trading updates in the small cap world continue to come thick and fast with the usual…


More Company Insights

Outrageous remuneration | Fabulous results | Cracking bargain

Bonkers Bargains: another upgrade and still a bargain

12/11/2024 · Time Finance

Sign-up to our free email updates

SIGN UP