SMS has confirmed in a trading update that FY21 underlying PBT is expected to be marginally ahead of consensus (despite an upgrade in September) and ILARR has grown 11.6% to £85.9m. The meter installation run-rate has averaged 30,000 per month since June 2021 and is expected to increase during 2022. SMS also remains confident in the FY22 outlook. We have therefore made no changes to forecasts and believe that the continued weakness in the share price, caused by uncertainty in the energy supply m ....
28 Jan 2022
Cenkos: Smart Metering Systems Plc -- Valuation disconnect opportunity
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Cenkos: Smart Metering Systems Plc -- Valuation disconnect opportunity
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
28 Jan 2022 -
Author:
Ian McInally -
Pages:
7
SMS has confirmed in a trading update that FY21 underlying PBT is expected to be marginally ahead of consensus (despite an upgrade in September) and ILARR has grown 11.6% to £85.9m. The meter installation run-rate has averaged 30,000 per month since June 2021 and is expected to increase during 2022. SMS also remains confident in the FY22 outlook. We have therefore made no changes to forecasts and believe that the continued weakness in the share price, caused by uncertainty in the energy supply m ....