SMS could scarcely have better timed the sale of a minority portfolio of I&C meter assets for £291m in cash, as reported on 12th March, enabling SMS to completely deleverage its balance sheet during this highly uncertain period. SMS has rebased its dividend to an (RPI upwards only linked) prospective 25p, up 263.4% on FY19 and providing a safe and index linked yield of 4.4%. In a period during which dividend income has become highly uncertain, SMS benefits from high quality, sustainable and pred ....
17 Mar 2020
Cenkos: Smart metering Systems plc - Rule 1: Cash is king. Rule 2: Cash is king
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Cenkos: Smart metering Systems plc - Rule 1: Cash is king. Rule 2: Cash is king
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
17 Mar 2020 -
Author:
Ian McInally -
Pages:
15
SMS could scarcely have better timed the sale of a minority portfolio of I&C meter assets for £291m in cash, as reported on 12th March, enabling SMS to completely deleverage its balance sheet during this highly uncertain period. SMS has rebased its dividend to an (RPI upwards only linked) prospective 25p, up 263.4% on FY19 and providing a safe and index linked yield of 4.4%. In a period during which dividend income has become highly uncertain, SMS benefits from high quality, sustainable and pred ....