Inflationary boost | Solid start | What’s coming?
There were reassuring updates from the AIM companies covered here, although some look far better placed than others to withstand inflationary pressures and more.
Smart Metering Systems: inflationary boost While the UK energy supply market has been extremely troublesome, Smart Metering Systems (LON:SMS), the integrated energy infrastructure company owning and managing meter assets and other carbon reduction (CaRe) assets, reassured with its latest trading update. In its Meter and Data assets business, Index Linked Annualised Recurring Revenue ("ILARR") grew to £91.4m at 30 April 2022 from £85.9m at the December year end. It’s worth noting that this includes the annual inflationary adjustment, which was applied on 1 April 2022; that's a nice thing to have in the current environment of rising inflation. The installation…