Interim results featured growth in indexed linked annually recurring revenue (ILARR), the main driver of value, to £85.9m, up of 14.1% to £85.9m. The weak performance of the shares in recent months has presented investors with an opportunity to invest at an underpinned valuation in our view, with the core value of SMS clearly residing in the scale of its growing meter and data portfolio and our FY19E forecast £92m ILARR. The current order book of 2m smart meters supports our forecast 4m installe ....
17 Sep 2019
Cenkos: Smart Metering Systems Plc - 2019 interim results
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Cenkos: Smart Metering Systems Plc - 2019 interim results
Smart Metering Systems PLC (SMS:LON) | 952 0 0.0% | Mkt Cap: 1,316m
- Published:
17 Sep 2019 -
Author:
Ian McInally -
Pages:
10
Interim results featured growth in indexed linked annually recurring revenue (ILARR), the main driver of value, to £85.9m, up of 14.1% to £85.9m. The weak performance of the shares in recent months has presented investors with an opportunity to invest at an underpinned valuation in our view, with the core value of SMS clearly residing in the scale of its growing meter and data portfolio and our FY19E forecast £92m ILARR. The current order book of 2m smart meters supports our forecast 4m installe ....