Climate change play?

Friday, Jul 17 2009 by

A thread for general discussion of the company and developments that affect it. See the BGlobal Wiki for further information on the business but, in summary:

  • BGlobal is a smart meter and energy data provider. It installs smart and intelligent metering infrastructure, collect the data from it and provide the analysis with a range of tools that allows businesses to act on reducing costs, cut carbon emissions and get proper control over when, where and how they use electricity and gas.
  • It had a tough year after one of its bank pulled its financing lines. As at 2nd July the cash position was GBP1.17million, which sounds a bit hairy, but it has now secured a facility of up to GBP15 million of meter asset funding  from Barclays Asset & Sales Finance, so things are looking up.
  • In April, the government mandated the use of smart meters in the medium-sized industrial and commercial markets and this, coupled with the government's carbon reduction commitment, should bode well for the business.
  • Pipeline of 120,000 meter orders queued for delivery, versus 22,856 new meters in the year to March 31, a 47% increase on the previous year, but short of its forecast.. The group has contracts with three major energy providers to put meters into homes.
  • Revenue increased from £4.5m to £6.6m in the year to March 2009, but pre-tax losses widened from £3.4m to £4.3m.

Latest results are here: Anthony Barnes, Group Chief Executive of Bglobal, commented:

"The Group's sales turnover and meter installation numbers increased significantly during the year which is very pleasing. We have maintained our number one position in the market place, despite operating in tough economic conditions which caused the loss of a major funder of meter assets. With new meter asset funding now in place, confirmation of aggressive rollout plans by major utilty customers, clear signals from the Government on the importance of smart metering to climate change reduction in the UK and a strong forward order position, we are confident
in the outlook for the year ahead."


As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.

Do you like this Post?
0 thumbs up
0 thumbs down
Share this post with friends

Bglobal Plc is a United Kingdom-based company. The Company operated in four segments: Metering and Data Services, Training Services, Energy Management Services, and Software and Related Services. The Company managed its Metering and Data Services segment through its subsidiary, Bglobal Metering, engaged in the supply and installation of smart meters. Bglobal Plc operated its Training Services segment through its subsidiary, Nutech Training. The Company managed its Energy Management Services segment through its subsidiary, Bsmart energy Solutions, a provider of energy bureau, demand side energy savings projects, energy procurement and energy management services. The Company operated its Software and Related Services segment through its subsidiary, Utiligroup, a provider of software and services to the global energy market and energy supply companies. more »

Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

  Is BGlobal fundamentally strong or weak? Find out More »

1 Post on this Thread show/hide all

Betasurfer 17th Jul '09 1 of 1

This has further details on the deal reached with npower:

Plus some interesting background articles:

Apparently, the Company expects to break even by the end of the first quarter, after winning several new contracts and securing new financing. We shall see.

| Link | Share

What's your view on this thread? Log In to Comment Now

You can track all @StockoChat comments via Twitter

Stock Picking Tutorial Centre

Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis