Energy Assets provides gas metering and related services in the I&C segment of the UK gas market and is the largest independent provider of I&C gas metering services in the Uk (by number of meters under management). The Group offers gas suppliers and end-user consumers of gas a broad spectrum of metering services, from the provision and management of new and replacement meters through its MAM Services division to the procurement and project management of related gas infrastructure works and the collection and provision of gas consumption data through the Siteworks and Pulse 24 (Automated Meter Reading) divisions. The industry will, under recent legislation, need to ensure that all meters are “advanced” by 2019, and Energy Assets expects to be at the forefront of the exchange programme to upgrade the national meter portfolio.

Through its Siteworks division, Energy Assets provides a comprehensive consultancy, system design and project management service for gas infrastructure works and meter point infrastructure. We are able to procure and manage engineering services required by a gas supplier or end-user consumer to install a new metering point, including laying the connection from the gas network to the meter, move an existing metering point, or remove a metering point from a disused or demolished site and disconnecting it from the gas network. Siteworks customers are mainly comprised of end-user consumers of gas.

The Metering Division owns, manages and maintains advanced I&C gas meters as an OFGEM-accredited MAM, generating revenue through rental payments from gas suppliers who supply gas through the Group's gas meters. Advanced gas meters are capable (when a data logger unit is attached) of providing gas consumption data in half-hour increments. This information can then be used by end-user consumers to monitor, and hence better manage, gas consumption with a view to increasing their energy efficiency and reducing costs. The industry will, under recent legislation, need to ensure that all meters are “advanced” by 2019, and Energy Assets expects to be at the forefront of the exchange programme to upgrade the national meter portfolio.

Energy Assets provides data collection and management services through its Pulse 24 division. Pulse 24 provides Automated Meter Reading (AMR) services, arranging the installation of data loggers that collect consumption data from advanced gas meters and transmit the data daily to the Group's data management system. These data loggers, which are owned and managed by the Group, enable the Group to produce accurate, up-to-date energy-usage reports for end-user consumers and invoicing information for gas suppliers.

Data collected from data loggers is provided to two types of customer. Gas suppliers require consumption data on a monthly basis, to assist in billing, and receive a raw data file which they can convert for their own use. Conversely, end-user consumers of gas typically rely on data loggers to closely monitor energy usage with a view to reducing their levels of consumption. This requires very regular meter read gas consumption data (which can be provided in half-hour increments). Pulse 24 hosts a dedicated website with reports tailored to the consumer from which the consumer can access usage information in almost real time


http://www.energyassets.co.uk/

A buy in this weeks IC - Energy assets shares currently trade on 12.4 times forecasts for 2014, falling to nine times the year after. By contrast sector peer Smart Metering Services (SMS) trades on 22 times forecasts for 2014. The investment case has been significantly bolstered by the refinancing and the shares now look too cheap.

A buy in this weeks IC - Currently trade on 13 times earnings forecasts for the current financial year. That's too cheap given the company's exceptional growth profile and considering shares in smaller sector peer Smart Metering (SMS) trade on about 31 times earnings expected over the same period.

British Gas Business Contract

RNS


RNS Number : 0319N

Energy Assets Group plc

23 July 2014










23 July 2014






Energy Assets Group plc

("Energy Assets" or the "Group")



New contract to deploy British Gas Business' advanced meter strategy



Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK[i], is pleased to announce that it has signed a strategic agreement with British Gas Business (BGB) to install advanced meters for around 50% of BGB's I&C customers across the UK.



At 31 March 2014, Energy Assets had invested £78m in a gas metering portfolio of circa 101,000 assets which generated 63% of its total recurring revenue for the year then ended of £16.9m. The BGB meters will have a 20 year contracted term which allows for an annual RPI price adjustment and provides opportunity for significant future growth to the Energy Assets long-term recurring revenue portfolio.



Energy Assets has already played a significant part in the delivery of BGB's advanced meter strategy. As part of a joint commitment to work with global meter manufacturer Elster, an absolute encoder rotary meter has been developed which is to be deployed as part of the project. The Energy Assets technical team have also worked alongside Elster providing field and application support, playing a significant role in the development of a new advanced diaphragm meter that incorporates technology providing remote communication of consumption data. The resulting product is the primary technology to be deployed across the whole of BGB's I&C customer portfolio.



As part of the deployment, Energy Assets will undertake all project management activity and provide a web based customer interface via its innovative "TEAMS" project management platform, which is currently the most sophisticated of its kind in the market place. The visibility and control that is delivered through the industry-unique end to end electronic data, asset management, audit and control platform was a key element of the award process. The "TEAMS" system will enable both BGB and its customers to have full project visibility, ensuring communication is clear and proactive and the necessity for customer to supplier interaction is minimised.



Phil Bellamy-Lee, Chief Executive of Energy Assets, commented:



"Energy Assets remains at the forefront of operational and technological innovation. We have built a strong reputation in the industry for quality, competency and excellent service all of which are underpinned by our market leading IT systems which provide real time updates on project management, information flow and asset management. The fact that our systems and processes will form part of a strategic roll out of advanced metering by BGB is testimony to this reputation.



To ensure continued improvement, we have assembled an internal team of highly skilled direct labour engineers over the last 24 months. The Group has also opened a central UK operational hub based in Sheffield to continue supporting existing customers and to deliver project support for the BGB installation program.



This is a significant step in the achievement of the Energy Assets growth strategy and is testament to the relationships we have developed with both BGB and Elster."



Matt Idle, Director of Customer Operations, British Gas, commented:



"Since 2008 we have made significant efforts to ensure that all of our customers could benefit from advanced metering, and this agreement is the next step in this journey. The meters provided by Elster and Energy Assets will enable our business customers to benefit from innovative technology, which will make it easier for them to control and reduce their energy costs."

Energy Assets will release an Interim Management Statement, covering the period from 1 April 2014, on Monday 28 July 2014.

Energy Assets: Numis raises target price from 380p to 530p and upgrades from add to buy.

Interim Management Statement

RNS


RNS Number : 3982N

Energy Assets Group plc

28 July 2014






For immediate release 28 July 2014



Energy Assets Group plc

("Energy Assets" or the "Group")



Interim Management Statement



Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK[1], is pleased to issue its Interim Management Statement for the period from 1 April 2014 to the present date.



The Group has delivered another quarter of excellent trading performance and is on course to achieve anticipated levels of growth.



Financial highlights for the three months to 30 June 2014



· Total revenue for the period increased by 53% to £8.4m (3 months to 30 June 2013: £5.5m);



· Recurring revenue increased by 45% to £5.5m (3 months to 30 June 2013: £3.8m), accounting for 65% of total revenue;



· Siteworks revenue increased by 71% to £2.9m (3 months to 30 June 2013: £1.7m);



· At 30 June 2014, the Group had available facilities with its funding partners and cash at bank totalling £42.8m.



Operational highlights



· On 23 July 2014, it was announced that Energy Assets has signed a strategic agreement with British Gas Business (BGB) to install advanced meters for around 50% of BGB's I&C customers across the UK. These meters will have a 20 year contracted term which allows for an annual RPI price adjustment and provides opportunity for significant future growth to the Energy Assets long-term recurring revenue portfolio;



· On 17 April 2014, the Group completed the acquisition of BGlobal Metering Limited for £2.3m. This provides the systems, accreditations and expertise required for Energy Assets to operate as a leading provider in the electricity sector. The acquisition is in line with the Group's strategy to offer metering and associated energy services across a multi-utility platform and integration of this business into the Group is progressing well;



· The Group's owned and managed asset portfolio has increased by 98% since the year end to circa 323,000 assets (31 March 2014: circa 163,500), incorporating circa 150,000 assets from the acquisition of BGlobal Metering Limited. Of the asset installations in the period, 79% related to the I&C gas sector and the remaining 21% related to the I&C electricity sector;



· Siteworks has delivered a strong first quarter performance with divisional financial and operating targets being achieved.



Outlook



The new financial year has started strongly, all segments continue to grow and the Group is on track to deliver another year of good operating and financial performance ensuring Energy Assets is well positioned to achieve its primary objectives:



· To further consolidate its position as the largest independent metering service provider to the UK I&C gas sector;

· To grow its position across the utility sector as a whole; and

· To grow the successful Siteworks business.



Commenting on the Group's first quarter performance and outlook for 2014/2015, Chief Executive Phil Bellamy-Lee said:



"First quarter trading has been very encouraging, showing a continued pattern of growth across our asset portfolio and Siteworks business.



The Group has made two significant steps towards the achievement of our primary objectives within the period. The strategic agreement with BGB provides opportunity for significant future growth to the Energy Assets long-term recurring revenue portfolio and is a significant step in the consolidation of our position as the largest independent metering service provider to the UK I&C gas sector.



Additionally, the BGlobal Metering Limited acquisition enables Energy Assets to expand its presence into the electricity sector and is a significant step in the delivery of the Group's strategy to offer services across a multi-utility platform.



Energy Assets is a strong, well funded and growing company. With our attractive business model, the opportunities arising from Government regulatory requirements and our reputation and relationships across our markets, we are confident of delivering continued future growth."
----------------------------------------------------------------------------------------------

28 Jul Numis 530.00 Buy

New Agreement with npower

RNS


RNS Number : 4088V

Energy Assets Group plc

28 October 2014





For immediate release

28 October 2014


Energy Assets Group plc

("Energy Assets" or the "Group")



New Agreement with npower



Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UKi, and provider of electricity metering and data services, is delighted to announce that it has signed a new agreement with npower, a leading integrated UK energy company, for the provision of data collection and aggregation services from advanced electricity meters being installed over the next 12 months.



The new agreement, which is a variation to an existing agreement and relates to circa 60,000 additional I&C meter and data points, has been signed by BGlobal Metering Limited (BGM) and is the first of its kind to be secured since acquisition of the company by Energy Assets in April 2014. The securing of this contract underpins the aspirations of Energy Assets to become a leading service provider in the electricity sector and is in line with the initial growth targets set by the Group at the time of acquisition.



Phil Bellamy-Lee, Chief Executive of Energy Assets, commented:



"npower is a long standing customer of BGM and, in signing this new agreement, we can look forward to further strengthening this relationship as we continue to grow the BGM business with the objective of becoming the leading provider of metering services to I&C customers in both the gas and electricity sectors."



Wayne Mitchell, Head of I&C Sales and Marketing for npower said:



"This new agreement further helps our new connections business reach its goal of improving its customer service to customers. The installation of these advanced meters will enable more automated meter reads to be undertaken, and critically, will underpin our wider strategy of ensuring we treat our customers fairly and more efficiently."

Sharecast - Shares in Energy Assets have risen since Questor recommended them in October, but the Sunday Telegraph's tipster advised readers to stick with them. The company buys smart energy meters, installs them in homes and charges an annual fee for their use. The main meter management unit is growing fast and is expected to start paying a dividend at the beginning of the year ending June 2016. There are risks involved in this small company, but Questor said its growth profile and potential for income made it attractive.

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/10/2014, 11 days ago, when the stock price was 396.0000. Since then EAS.L has risen by +13.89%.

Market Outlook

The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be




http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=EAS.L

Interim Results for six months ended 30 September 2014 -November sometime

Interim Results

RNS


RNS Number : 6481W

Energy Assets Group plc

11 November 2014






Note: A briefing for analysts will be held at 9.30am this morning at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN. For further details please contact Buchanan on 020 7466 5000.



For immediate release 11 November 2014



Energy Assets Group plc



("Energy Assets", the "Company" or the "Group")



Interim Results for the six months ended 30 September 2014



Strong growth across all aspects of the business



Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK1 is pleased to announce its Interim Results for the six months ended 30 September 2014 (H1 2014/15).



Financial highlights



· Total revenue increased by 43% to £16.9m (H1 2013/14: £11.8m);



· Recurring revenue generated from the meter and data asset portfolio increased by 39% to £11.0m (H1 2013/14: £7.9m) representing 65% of total revenue;



· EBITDA before exceptional items increased by 27% to £8.9m (H1 2013/14: £7.0m);



· Operating profit before exceptional items increased by 24% to £5.7m (H1 2013/14: £4.6m);



· Profit before tax and exceptional items increased by 30% to £3.9m (H1 2013/14: £3.0m). Profit before tax of £3.8m (H1 2013/14: £2.8m) after incurring exceptional costs of £0.1m (H1 2013/14: £0.2m);



· Cash generated from operations increased by 25% to £8.0m (H1 2013/2014: £6.4m);



· At 30 September 2014 the Group had available facilities with its funding partners totalling £33.5m and cash at bank of £5.1m. In addition, a new facility with Santander for £5m was announced in November 2014;



· Adjusted basic EPS increased by 32% to 11.23p (H1 2013/14: 8.52p).



Operational highlights



· Acquisition of BGlobal Metering Limited (BGM) on 17 April 2014 which provides the systems, accreditations and expertise required for Energy Assets to operate as a leading metering services provider and data collector in the electricity sector;



· The Group's owned and managed meter and data asset portfolio has increased by 105% since the last financial year end to circa 334,500 assets (31 March 2014: circa 163,500), incorporating both organic growth and circa 150,000 assets from the acquisition of BGM. Of the asset installations in the period, 79% related to the I&C gas sector and the remaining 21% related to the I&C electricity sector;



· Cumulative capital investment in meter and data assets increased by 14% since the start of the financial year to £95.8m which has driven the increase in recurring revenue in the current period;



· A strategic agreement with British Gas Business (BGB) was signed on 23 July 2014 to install advanced meters for around 50% of BGB's UK I&C gas customers, providing further diversification of the Group's customer base and the opportunity for significant future growth in long-term recurring revenue;



· The Energy Assets technical team worked alongside the global meter manufacturer Elster to develop a new advanced diaphragm meter which will be the primary technology to be deployed across the whole of BGB's I&C gas customer portfolio;



· Revenue from Siteworks activity increased by 51% to £5.9m (H1 2013/14: £3.9m);



· New contract awarded by The Pirbright Institute to design and project manage the installation of gas infrastructure and metering to support the ongoing refurbishment of the organisation's Surrey campus. This represents the largest Siteworks project to date with a value in excess of £1m;



· Registration as an Independent Gas Transporter to further enhance Siteworks activities and to enable the Group to offer flexibility to larger clients in respect of their energy requirements;



· Strategic acquisition of Origin Technical Business Services Limited (Origin), a provider and developer of mobile works management systems, data capture, data hosting and analysis services, in October 2014 which secures control of Origin's industry leading mobile work platform and the expertise to continue the development of the Group's web enabled service offering and industry leading IT systems;



· Securing of a new agreement with npower, a leading integrated UK energy company, in October 2014 for the provision of data collection and aggregation services from circa 60,000 advanced electricity meters being installed over the next 12 months.



Current trading and outlook



The second half of the financial year has started well and the Group's major contracts continue to perform strongly.



The respected Energy Assets brands and reputation continues to put the Group in a good position to develop relationships with other major utility suppliers and to seek future opportunities within the UK I&C utility market, thereby ensuring Energy Assets is well positioned to achieve its primary objective to be the largest independent provider of I&C energy metering services in the UK through a relentless focus on the quality of both service and delivery.



Commenting on the half year results, Chief Executive Officer Phil Bellamy-Lee said:



"I am delighted to report another period of strong trading activity, maintaining a continued pattern of growth across our asset portfolio and Siteworks business. We continue to make excellent progress and the acquisition of BGM and the securing of a strategic agreement with BGB during the period are two significant developments towards the achievement of our primary objective of being the largest independent provider of I&C energy metering services in the UK. The BGB agreement provides opportunity for significant future growth to our long-term recurring revenue portfolio and the BGM acquisition enables us to expand our presence into the electricity sector thereby offering our services across a multi-utility platform.



The strategic acquisition of Origin immediately following the half year is a further example of our continuing focus on quality systems and our commitment to provide a differentiated product offering.



The underlying business continues to perform well and we remain confident of gaining new work with other major utility suppliers. Our strong supply chain relationships, engineering competence, experienced management team and focus on quality continue to differentiate us from our competitors which, combined with the opportunities arising from Government regulatory requirements, put us in a strong position to deliver our long term growth strategy."


-----------------------------------------------------------------------------------------------
11 Nov Numis 530.00 Buy

Questor share tip: Energy Assets jumps on npower deal

The smart meter business has signed a deal with npower that underpins dividend and profit growth, says Questor.





The deal will see Energy Assets install smart meters for 50pc of British Gas business customers

The deal will see Energy Assets install smart meters for 50pc of British Gas business customers Photo: PA/Reuters
By John Ficenec, Questor Editor

8:00PM GMT 20 Nov 2014



Energy Assets
451p
Questor says BUY


Energy Assets [LON:EAS] last week signed an agreement with npower to analyse energy usage data for business customers across the UK, sending shares more than 10pc higher.


The deal which is a variation on an existing contract will see Energy Assets analyse data for some 60,000 npower customers across the. The contract was signed by BGlobal Metering, which energy assets acquired in April of this year.


Questor thinks the long-term outlook for the company is good. The company buys smart meters, installs them and then charges an annual fee for their use. The average meter costs £850, and generates £135 a year in rental fees for Energy Assets. The upfront capital cost of the meters is funded by debt that is paid off over an eight-year period, while the meter can last up to 20 years, and often well beyond.


Energy Assets should eventually reduce its debts. In the meantime the borrowing is asset backed by revenue-generating meters. The meter rental fees are guaranteed by blue-chip utility companies like British Gas and npower.

The core meter asset management division – responsible for 43pc of group revenue – is roaring ahead. The group reported 327,000 meters at the end of July, up from about 163,500 at the end of March.

The company is forecast to achieve pre-tax profits of £9.1m, on revenue of £34.8m, in the 12 months to March 2015. That provides forecast earnings per share of 26p. The dividend is expected to start in the year ended June 2016 at 16p per share, or a prospective yield of 3.5pc.

The shares have increase 42pc since we recommended them (Buy, 317p, October 4, 2013) and Questor still likes the growth profile and income potential and retains the recommendation. Buy.

A buy in IC - Energy Assets has made some lucrative contracts wins during the past year, including a data-collection contract with Npower. While the delay in the implementation of its BG deal is frustrating, it is a blip in otherwise strong forecasted growth. Numis still expects EPS to more than double in 2015 to 25.2p. We reiterate our buy advice.

CityWest Homes
RNS
RNS Number : 6806C
Energy Assets Group plc
21 January 2015

For immediate release 21 January 2015



Energy Assets Group plc

("Energy Assets", the "Company" or the "Group")



CityWest Homes



Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK1 and provider of electricity metering and data services, is pleased to announce that it has signed an agreement with CityWest Homes, the provider of housing management services to Westminster City Council, for the installation of a "Community Metering" project in 800 properties across eight social housing tower blocks in Central London. Energy Assets has also been further engaged to deploy its Z-LYNK load switching/energy control technology to these properties.



The work, which will commence in January 2015, will be delivered by the Company's subsidiary, Bglobal Metering Limited (BGM) and, as well as the installation and maintenance of meters, will incorporate new Half Hourly (HH) "Community Metering" technology which has been developed by the Group. This technology is the first of its kind in the UK and will allow suppliers to provide beneficial tariffs to the landlord and therefore reduce energy charges to residents where fuel poverty is prevalent.



CityWest Homes is focused on tackling fuel poverty and improving the comfort afforded to its residents and, as part of this focus, has further engaged Energy Assets to deploy its Z-LYNK load switching/energy control technology to provide opportunity for more intuitive heating control. This will allow CityWest Homes to meet their aspirations of utilising existing storage heaters to improve energy efficiency and provide further opportunity to reduce the cost of heating for residents. Through application of this monitoring and control technology to existing heating systems, landlords can offer the benefits previously stated without the need for significant capital investment into new infrastructure.



Although there is limited impact in the current financial year, the success of this pilot project should present multiple opportunities for further projects of this kind within the social housing, local authority and heat with rent sectors, generating future revenue potential for the Group.



Phil Bellamy-Lee, Chief Executive of Energy Assets, commented:



"We are delighted to have worked with CityWest Homes to shape this innovative project over the last twelve months and look forward to bringing the benefits to its residents. Projects of this kind, developed and implemented by Energy Assets, can ultimately create a platform to deliver load balancing and deferment opportunities to network owners, with storage heating being one of the largest deferrable loads available in the UK. Energy Assets is dedicated to developing innovative technology which will provide benefit to the UK energy market and we are committed to providing solutions which can tackle relevant market issues and help keep the lights on."

Naked Trader today - Energy Assets (LON:EAS)reported buying up Sa Gas Engineers which looks a good fit. This company should get a re-rate in time

Naked trader still thinking the same as the previous post.

Energy Assets (LON:EAS) looks like it may get a re-rating up

Questor-share-tip-Energy-Assets-still-a-buy.

Energy Assets Group PLC (EAS:LSE) set a new 52-week high during today's trading session when it reached 640.00. Over this period, the share price is up 79.71%.

Nice one dc, well done here.

Impressed with the work you put in sharing tips. You can't possibly buy all of them can you, do you? Mega portfolio if you do mate. LOL!

Cheers Chris. No I don't buy all the share tips, just put them up for you to buy them all. :-)) They are well worth a read to see if any are of interest.

IC - The government's requirement for domestic and commercial businesses to have installed smart meters by 2020 should provide ample opportunities for growth. And once the smart meters are rolled out nationally, an enlarged maintenance market will present further scope for expansion. There is still more growth in prospect , but it is adequately reflected in the shares PE ratio of 0 times forward earnings.