Still a smart investment
This energy infrastructure company reported excellent results with strong inflation-proofed cash flows supporting an attractive dividend, with the yield over 5%.(Free to read)
It’s rare to come across a company benefiting from the heightened inflationary environment, but that’s the case with this energy infrastructure company. Established in 1995, with its headquarters in Glasgow, Smart Metering Services (AIM:SMS) is an integrated energy infrastructure company owning meters, energy data, grid-scale batteries and other carbon reduction (‘CaRe’) assets. The Group provides a full end-to-end service, from funding and installation to management and maintenance. The latest interim results for the six months ending 30 June 2023 highlight the considerable cash flow attractions of this substantial AIM company. Revenue in the 6 months rose 26% to £79.3m with…