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Energy Assets Group

17:15 on 11/07/2016

Current Price 725.00p | Bid 0.00p | Ask 0.00p | Change 0.00%

Company Overview

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.

Stock Details

EPIC EAS
ISIN GB00B78CNY10
Shares in Issue 28,003,394
Market cap £ 203.03m
Sector Support Services
Indices FTSE Fledgling

Financial Highlights Year Ended 31/03/2016

Turnover £45.27 million
Operating Profit £14.99 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio 23.88
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Price Summary

Mid Price ? 0.00p
Bid Price ? 0.00p
Ask Price ? 0.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 725.00p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 725.00p
52 Week Low 445.00p

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