Make your money go further for just 25p per day

Smart Metering Systems –high quality earnings but the valuation still looks rich

18/06/2012 · Smart Metering Systems (SMS) 

The house broker has upgraded estimates following the Group’s announcement last week that it has been contracted by Total Gas & Power to provide gas meters and its ADM advanced meter reading (AMR) solution.

This involves SMS undertaking a meter exchange programme and fitting these meters with an ADM (data logging AMR device). The Total gas & Power contract is for 15,000 meters with ADM devices over the next three years. However, initial run rates suggest that the equivalent number of domestic meters would be approximately 250,000 in value to SMS.  The house broker estimates that the overall investment requirement for TGP will be in excess of c£30m.

The…

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

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE

Become a Champion Investor for just £90 a year.
 
 

START FREE TRIAL

More on Smart Metering Systems

Well placed for the energy revolution

17/12/2020 · Company Insights

An energy management specialist covered in our latest update here, could be a big winner from…


Visibly sustainable, for more than 100 years!

30/10/2020 · Your Money

In a previous article, we looked at how some of AIM’s largest companies were tackling the…


More Company Insights

Virgin Wines shares rise on stock market debut

Time to buy the advertising giant?

01/03/2021 · WPP

Investing for growth

01/03/2021