Smart metering ...Smart people ...Smart approach.

With over 15 years experience operating at the heart of the gas industry, Smart Metering Systems provides the UK’s leading gas suppliers and large corporate customers with a comprehensive package of solutions encompassing all aspects of the gas connections and smart metering markets through its subsidiary companies:
•UK Gas Connection
•UK Meter Assets
•UK Data Management

Smart Metering Systems services include:
•Installation, disconnection or relocation of gas infrastructure
•Installation of domestic, commercial or industrial gas metering equipment
•Third party meter asset management utilising "Rainbow" compliant systems and either the IX or DTN exchanges
•Prepayment meter solutions
•Purchase of existing meter portfolios
•Smart Metering solutions
•Comprehensive gas use analysis through a dedicated web interface

With a company ethos based on offering its clients the highest standards of customer care and a track record of investing in both technology and talented people, Smart Metering Systems works hard to maintain a reputation for delivering the high quality of service that its client’s demand.

http://www.sms-plc.com/Company/About-Us

REGISTER NOW



The Growth and Innovation Forum is the UK's only growth and technology focussed investment show.


About the show

Do you want to find the next stock market star performer?

Interested in growth and technology focused companies?

Do you want to know how investing really works?

Are you looking to build your wealth through capital growth and income?

Want to take an active role in managing your money?


Come to the Growth and Innovation Forum and connect with top experts who will share their in-depth knowledge of investing and meet directors from fast-growing and technology led London listed companies.

Some of last year's showcased companies gave investors brilliant returns (31/1/17 to 1/12/17).

Bioventix up 78%

Wandisco up 66%

LoopUp up 51%


The show is brought to you by the team at Shares Magazine and AJ Bell in partnership with Cenkos Securities.


Why you should attend


Hear from more than 30 speakers, including top investment experts, fund managers, company executives and renowned journalists from the Shares team

Meet directors of listed firms, fund managers, savings and investment experts

Learn about investment topics suited to a range of investors from novice to expert

Discover more about the most important market issues and strategies for 2018


REGISTER NOW



FREE GIFTS


Get a Growth and Innovation Forum goody bag worth over £140 when you attend!

Goody bag includes:


1) A one year subscription to Shares Magazine digital. Each week you will receive the latest Shares digital weekly magazine where our team of experts will give you a multitude of investment ideas for income and capital growth. You will also gain access to the Shares investor toolkit with live news, LIVE share prices, fund prices, portfolio and research tools (value £120)

2) Volt Power Bank Charger (2200mAh), boosts your device when you're out and about, by simply connecting it with the USB cable. Approximate charging time is 3-4 hours.

3) The new DIY Investor digital e-book written by Andy Bell, CEO of AJ Bell (RRP £17.99)

PLUS all attendees will be entered into free prize draws for:

An all-new Amazon Echo (2nd generation) which connects to Alexa,a cloud-based voice service, to play music, make calls, set alarms and timers, ask questions, check your calendar, weather, traffic and sports scores, manage to-do and shopping lists, control compatible smart home devices, and more.

A Fitbit Alta fitness wrist band, a customisable fitness tracker designed to fit your personal style. Stay motivated by tracking all-day activity – steps, distance, calories burned and active minutes.

A Wired Magazine subscription (one year Print and Digital). WIRED is the magazine about what's next – bringing you the people, the trends and the big ideas that will change our lives. Each month, through thought-provoking features and stunning photography, they explore the next big ideas in science, culture, and business – wherever innovation and new thinking are reshaping our world.

A Design Museum one year pass. The Design Museum is the world's leading museum devoted to contemporary design in every form from architecture and fashion to graphics, product and industrial design. Design Museum members enjoy free unlimited entry to all the museum’s exhibitions and other benefits besides


The Growth and Innovation Forum is free to attend; you simply need to register in advance to secure your ticket. Please click here to order your ticket and tell your friends to come along to the event which is being held on Tuesday 30 January 2018 between 09.00 and 17.30 at the Business Design Centre, 52 Upper Street, Islington, London, N1 0QH. It is well served by public transport with several tube stations on its doorstep.


Hear From

Companies at this event include:

AJ Bell
Cambridge Cognition
Cloudcall
CML Microsystems
Collagen Solutions
Corero Network Security
Creo Medical
CyanConnode
Duke Royalty
EU Supply
FairFX
Getech
Jaywing
Medaphor
Medherant
Mercia Technologies
nDreams
Plastics Capital
PrimaryBid
RedT energy
Smart Metering Systems
Totally
YU Group

+ more companies to be announced


Guest Speakers

Oliver Brown, Investment Director, R.C. Brown Investment Management

Daniel Coatsworth, Editor, Shares Magazine

Steve Frazer, News Editor, Shares Magazine

Russ Mould, Investment Director, AJ Bell

Richard Penny, Fund Manager, Legal & General UK Alpha Trust

Tom Selby, Senior Analyst, AJ Bell

Gervais Williams, Director and Fund Manager, Miton Group


Event timings

Registration: from 09:00
Conference: 09:45 - 17:00
Exhibition: 09:00 - 17:30

REGISTER NOW

11:00 23/01/2018
Broker Forecast - Peel Hunt issues a broker note on Smart Metering Systems
Peel Hunt today reaffirms its hold investment rating on Smart Metering Systems (LON:SMS) and set its price target at 773p. Story provided by StockMarketWire.com

Post-Close Trading Update
RNS
RNS Number : 8856D
Smart Metering Systems PLC
05 February 2018

Smart Metering Systems plc
("SMS" or "the Company")

Post-Close Trading Update

Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that installs, owns and manages utility metering assets, is pleased to provide the following update on trading in the year ended 31 December 2017.

The Company's continued investment in its gas and electricity metering portfolio saw the total number of assets under management increase by approximately 62% to 2.03m by 31 December 2017. This figure includes 423,000 gas and electricity domestic smart meters in the growing domestic smart meter market.

Total annualised recurring revenue increased by 38% to £57.0m as at 31 December 2017. In the Gas division, meter recurring revenue grew by 15% to £36.1m, while data recurring revenue increased 15% to £3.0m. In the Electricity division, meter recurring revenue nearly tripled to £11.2m and data recurring revenue grew 56% to £6.7m.

Based on unaudited management accounts for the period, SMS expects that its results for the year to 31 December 2017 will be in line with current market expectations and these will be published mid-March 2018.

Alan Foy, Chief Executive Officer, commented:

"2017 has been a year of investment in our business - building capacity to grow and deliver for our customers in the domestic smart meter rollout.

"The £150million equity placing and refinancing of our £280million bank facility in November 2017 provides us with an extremely strong financial platform to help our customers complete their domestic smart meter programmes."

New Domestic Smart Meter Contract Win
RNS
RNS Number : 6532E
Smart Metering Systems PLC
13 February 2018

This announcement may contain inside information
Smart Metering Systems plc
("SMS" or the "Company")

New domestic smart meter contract win

Smart Metering Systems plc (AIM: SMS.L) ("SMS"), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, is pleased to announce that it has signed a new meter rental agreement with Utilita Energy to provide an opportunity for over 100,000 new meters during 2018, starting immediately.
Under the terms of the agreement, SMS will provide domestic smart meters as part of the UK Government programme, overseen by the Department of Business Energy and Industrial Strategy, requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.
Alan Foy, Chief Executive Officer, commented:
"Our new contract with Utilita Energy provides us with the opportunity to support one of the leading independent energy suppliers in Great Britain as they seek to deliver the best service for their energy consumers. SMS is well positioned to add these assets into its growing portfolio of owned meters delivered from our established in house installation and asset ownership operations."

Domestic Smart Meter Contract Extension
RNS
RNS Number : 9343E
Smart Metering Systems PLC
15 February 2018

This includes inside information
Smart Metering Systems plc
("SMS" or the "Company")

Domestic smart meter contract extension
Smart Metering Systems plc (AIM: SMS.L) ("SMS"), the integrated metering services company that connects, owns, operates and maintains current generation and new advanced metering assets and databases, is pleased to announce that it has signed an agreement with First Utility to supplement its existing contractual arrangements announced in June 2016.
The increased commitment is to provide in excess of 220,000 new meters during 2018 and starts immediately.
SMS will provide domestic smart meters as part of the UK Government programme, overseen by the Department of Business Energy and Industrial Strategy, requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.
Alan Foy, Chief Executive Officer, commented:
"Our extended commitment from First Utility is evidence of our strong track record for customer service delivery, asset ownership and management with a major energy supplier's smart meter roll out programme. The arrangements to add these assets into the growing portfolio of SMS owned meter assets shows our strategy continues to deliver for our customers, our shareholders and our employees".

Final Results for year ended 31 December 2017
RNS
RNS Number : 4902H
Smart Metering Systems PLC
12 March 2018

Smart Metering Systems plc
("SMS" or "the Company" or "the Group")

Final results for the year ended 31 December 2017
Smart Metering Systems plc (AIM: SMS.L) is pleased to announce its final results for the 12 months to 31 December 2017, which show continued growth across all business areas.
Financial highlights
· Revenue increased by 18% to £79.6m (2016: £67.2m)
· Total annualised recurring revenue1 increased by 38% to £57.0m (2016: £41.3m)
o Gas: meter recurring revenue increased by 15% to £36.1m (2016: £31.5m) and data recurring revenue increased by 15% to £3.0m (2016: £2.6m)
o Electricity: meter recurring revenue increased by 283% to £11.2m (2016: £2.9m) and data recurring revenue grew 56% to £6.7m (2016: £4.3m)
· Gross profit increased by 9% to £40.4m (2016: £36.9m)
· Gross profit margin decreased by 4% to 51% (2016: 55%)
· EBITDA increased by 19% to £38.8m (2016: £32.5m)
· EBITDA margin increased by 1% at 49% (2016: 48%)
· PBT decreased by 2% to £18.0m (2016: £18.2m)
· Earnings per share decreased to 16.17p (2016: 17.33p)
· *Pre-exceptional EBITDA2 increased by 22% to £40.3m (restated 2016: £33.0m)
· *Underlying PBT2,3 increased by 7% to £22.2m (restated 2016: £20.7m)
· *Underlying earnings per share4 increased to 19.93p (restated 2016: 19.66p)
· Final dividend of 3.46p per ordinary share totalling 5.20p for the full year (2016: 4.10p), an increase of 27%
· Net debt at 31 December 2017 was £36.5m (2016: £94.2m), with access to cash and undrawn facilities of £243.5m (2016: £55.8m)
* In 2017 the Board has taken the decision to change the presentation of the underlying performance measures to now include other operating income. The Board believe this income is an integral feature of the replacement of meters, particularly prevalent during the current smart domestic rollout and will occur with greater regularity on an ongoing basis. All prior year underlying results have been restated in accordance with this new approach.
1 Recurring revenue refers to revenue generated by meter rental and data contracts. Annualised recurring revenue refers to the revenue being generated at a point in time.
2 Pre-exceptional EBITDA and underlying PBT figures are presented under our revised approach to include other operating income.
3 Underlying PBT is before exceptional items and intangible amortisation.
4 Underlying earnings per share is profit after taxation but before exceptional items and intangible amortisation, divided by the weighted average number of ordinary shares in issue.

Operational highlights
· Total gas and electricity metering and data assets increased by 780,000 to just over 2.03 million under management at 31 December 2017 (2016: 1.25 million)
o Total gas meter portfolio, including 3rd party management assets, increased by 45% to 1,273,000 (2016: 881,000), with industrial and commercial (I&C) meters increasing by 14% to 163,000 (2016: 143,000). Gas data portfolio increased by 17% to 126,000 (2016: 108,000)
o Total electricity meter portfolio increased by 301% to 309,000 (2016: 77,000). Electricity data portfolio increased by 74% to 323,000 (2016: 186,000)
· ADM™ installations up 13% to 103,000 units at 31 December 2017 (2016: 91,000)
· Capital expenditure on revenue generating assets was £122.8m (2016: £42.5m)

Alan Foy, Chief Executive Officer, commented:
"2017 has been a year of investment in our business - building capacity to grow and deliver for our customers, particularly in the domestic smart meter rollout.
We enter 2018 with a solid financial platform and are well positioned to continue making progress in our core markets."

15:25 08/06/2018
Director Deals - Smart Metering Systems (SMS)
David Thompson, Executive Director, bought 1,335 shares in the company on the 8th June 2018 at a price of 750.01p. The Director now holds 1,335 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk

Interim results

New Smart Meter Contract Win - Octopus Energy
RNS
RNS Number : 3200N
Smart Metering Systems PLC
17 January 2019




This announcement contains inside information

Smart Metering Systems plc

("SMS" or "the Company")

New Domestic smart meter contract win - Octopus Energy Limited

Smart Metering Systems plc (AIM: SMS.L) ("SMS"), the integrated metering services company that connects (installs), owns, operates and maintains UK metering assets, is pleased to announce that it has signed a meter rental agreement with Octopus Energy Limited ("Octopus Energy") to supply a minimum of 200,000 new SMETS2 meters.

This forms part of the UK Government programme, overseen by the Department of Business, Energy and Industrial Strategy (BEIS), requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.

SMETS 2 meters are the next generation of smart meters and will deliver a wide range of improvements, including: interoperability - these devices enable seamless switching between energy suppliers by connecting with the Data Communications Company (DCC); maintain and extend the highest standard of security for householder data and will facilitate the connection of all types of home renewable and microgeneration technology onto the grid, supporting a cleaner, greener UK.

Alan Foy, Chief Executive Officer, commented:
"We are delighted to be working with Octopus Energy, a supplier of 100% green electricity. Octopus Energy is backed by the Octopus Group, which is a large investor in renewable generation internationally and the United Kingdom's largest investor in solar power. SMS, like Octopus Energy, are committed to leading the smart energy revolution and SMS looks forward to bringing the benefits of smart meters to Octopus Energy's customers".

Stuart Jackson, Chief Financial Officer of Octopus Energy, said:
"The size of this partnership is a result of Octopus Energy's tremendous growth and ambition. Our success is driven by our unique technology and commitment to customer service, as demonstrated by Octopus being the only energy supplier recommended by Which?