(BGBL.L) Bglobal PLC Buy/Sell

http://business.timesonline.co.uk/tol/business/markets/article6905581.ece

FS1.

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I do like there views.
They are well respected shold help the sp move north

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BUY

Article referring to placing at 49p.

"This extra funding will oil the wheels of Bglobal's business and allow it to meet heightened expectations"

Inthetin

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Exciting times here and this RNS is in my view great timing.

What is more significant for me here is not the fact that BGLobal have been chosen by NPower for this microgeneration trial, but the timing and close link with one of the Big 6 - pre Govt announcement on national domestoc smartmeter rollout..

"Dave Ford, head of metering development at npower said: "This is another vital step forward in our on-going smartpower programme. While the Government continue to finalise the programme for the national smart meter roll-out, we are forging ahead to ensure we learn as much as we can in preparation for the national roll-out"

Excellent news.

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Smarter1

Keep a beady eye on AXS.

Inthetin

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Found this link on another BB. Good to watch when you're having a bad day:-

http://www.youtube.com/watch?v=GGsSBv1Cq90

Inthetin

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Looking forward to surpassing the 60p spike of a couple of years ago.................soon.

Inthetin

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Very good indeed, with renewables and micro-generation right at the top of the green agenda this looks like a very wise move for both companies. Can't be long before British Gas and Scottish and Southern are also asking Bglobal if they can have the same, unless some sort of exclusive deal has been done?

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Looking good, yet another very positive RNS, full steam ahead with the npower rollout starting in December


RNS Number : 9905B Bglobal PLC 05 November 2009


Press Release

Thursday 5 November 2009

For immediate release

npower to be first major energy supplier to install smart micro-gen meters

Installation forms part of extensive 'smartpower' programme

npower is to be the first major energy supplier in Britain to start installing smart meters for its micro-generation customers. This trial is part of npower's wider smartpower programme - an extensive roll out of intelligent products and services for customers before the full nationwide deployment of smart meters by 2020.

The roll-out will begin late in December 2009 to over half of npower's micro-generation customers who export electricity back to the grid. The new smart meters are suitable for customers who export via solar PV, wind, micro CHP or hydro.

npower is working with Bglobal, the leading British-based smart metering business to provide this service. Bglobal will deliver and install the smart meters, collect the data and feed it back to the customer and npower.

Each of the micro-generation smart meters will come with a Customer Display Unit (CDU). The CDU will display the amount of energy being used at the property, enabling customers to build a picture of their consumption and helping them to identify ways of saving energy. It will also show the level of energy being exported back to the grid, and the amount customers will be paid for that energy.

Louisa Gilchrist, micro generation manager at npower said: "For the first time our micro generation customers will be able to see exactly how much energy they are exporting back onto the grid and its value. They will also have detailed information as to how much energy they are consuming in the home, something common to all smart meters. This roll-out has the potential to have a real impact on the uptake of micro-generation in Britain."

Dave Ford, head of metering development at npower said: "This is another vital step forward in our on-going smartpower programme. While the Government continue to finalise the programme for the national smart meter roll-out, we are forging ahead to ensure we learn as much as we can in preparation for the national roll-out.

Anthony Barnes, Chief Executive of Bglobal, commented: "We are delighted to be working with npower on this landmark project to provide smart meters to its micro-generation customers. Smart meters will enable micro-generation users to effectively and efficiently manage their energy data for the first time and we look forward to further developing our technology as a result of this exciting programme."


•ends -
For further information please call the npower press office on 0845 070 2807

For further information on bglobal please visit www.bglobalmetering.com or contact:


Tony Barnes Mark Taylor Simon Compton
CEO Freddy Crossley Paul Young
Bglobal plc Charles Stanley Tavistock Communications
Securities
(Nominated Adviser)
Tel: +44 (0)1254 819 600 Tel: 020 7149 6000 Tel: 020 7920 3150


Notes to Editors:


•NPOWER HAS MORE CUSTOMERS EXPORTING ENERGY BACK TO THE GRID THAN ANY OTHER MAJOR SUPPLIER.

•SMART METERING CAN HELP CUSTOMERS BETTER MANAGE THEIR ENERGY USAGE, THROUGH THE PROVISION OF MEANINGFUL DATA AND IMPROVED PRODUCTS AND SERVICES FROM SUPPLIERS. ADVANTAGES COULD INCLUDE: TARIFF OPTIONS - FOR EXAMPLE 'TIME OF DAY' OR 'PAY AS YOU GO', ENHANCED DATA TO MANAGE ENERGY USAGE OR COSTS VIA DISPLAY UNITS, TEXT MESSAGING OR DOWNLOADS TO PCS AND IMPROVED DATA MANAGEMENT LEADING TO MORE ACCURATE, AND POSSIBLY, MORE FREQUENT BILLS.
This information is provided by RNS The company news service from the London Stock Exchange


END

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Smarter 1, All,

Looks like they should be in just over 3 weeks, though unconfirmed.

http://www.hemscott.com/companies/key-dates.do?companyId=6163

Fingers crossed for a good run in.

imho + dyor.

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Some good news there, looks like the M.E.N. in particular are keen to support a local business.

There's another good article here, although given that most of these just re-hash the RNS the chances of any real insight are a little limited...

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3098991

Will be keeping an eye out for the half year results which surely must be due in the next 4 to 6 weeks.

IMHO & DYOR

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http://www.manchestereveningnews.co.uk/news/business/s/1180448_smart_money_is_on_bglobal_shares

and

http://www.thisismoney.co.uk/markets/article.html?in_article_id=492758&in_page_id=3&position=moretopstories

imho + dyor

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Just got this off their website


3 November 2009
BGLOBAL PLC
(“Bglobal” or “the Company” or ”the Group”)

NEW JOBS ANNOUNCED AT BGLOBAL

Bglobal plc (AIM:BGBL) the market-leading provider of smart metering solutions to the UK energy market announces the creation of more than twenty new full time jobs and new sub-contracting agreements across the UK to satisfy increasing customer demand for smart metering.
Up to ten new positions have been created in the Company’s customer service division in Darwen, Lancashire, plus an additional five field engineering staff roles in the region.
This follows the creation of four new engineering posts last month in the Midlands. Additional appointments are being made in Bglobal’s research and development department as well as in sales and marketing.
As a result of expanding the Company’s sub contractor base, Bglobal also has twelve new staff available in Wales and the West Country and the Company is expecting to create further positions in the South East of England and the Midlands.
Tony Barnes, Chief Executive of Bglobal said: “We are very pleased to be in a position where we can offer new job opportunities in the current economic climate and build strategic relationships for the future with trusted partners. We aim to continue this expansion across the Group in line with increasing demand for smart metering nationwide.”

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Smarter 1,

I agree fully with your comments on a new growth phase and the strong buy stance. I am getting extremely excited about the potential of this one.

This placing should firstly draw a bottom line under this share price with a new 49P floor.

I also like several positive wordings in the RNS:

"move to a higher consistent level of monthly installations with an increased buffer of new stock for the enlarged sub contractor base"

"accelerated rollout and delivery of meters"

"secured several new orders from ... the large Uk utilities" + "continues to instal for three of the UK's Big six energy suppliers...British Gas Business, Npower and Scottish and Southern,"

and

"With strong customer demand for our services and a steadily increasing order book, we believe we are in a position to further accelerate installation programmes for key customers"

Its all pointing in the right direction.



imho + dyor.

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Get Level 2 now for only £20.00!

RNS out this morning - looks like BGBL are gearing up for a big push!


2 November 2009


BGLOBAL PLC


("bglobal" or "the Company" or "the Group")

Issue of Equity

Bglobal plc (AIM: BGBL), a leading provider of smart metering solutions to the energy market, is pleased to announce that Charles Stanley Securities has conditionally placed with certain institutional and other investors 4,586,897 new Ordinary Shares ("New Ordinary Shares") at 49 pence per share to raise £2.25 million for the Company ("Placing").

The proceeds of the Placing will be used to fund the accelerated roll out and delivery of meters and as a result move to a higher consistent level of monthly installations with an increased buffer of new stock for the enlarged sub contractor base that the Company has recently put into place and augment the Company's existing working capital facilities.

As announced on 8 October 2009, confirmed orders for smart meter installations from the Group's major utility customers have increased significantly (following the resolution of meter asset funding difficulties towards the end of the first quarter). The pace of installation is expected to remain at or above 4,000 per month during the second half of the financial year. 3,993 meters were installed in September.

The Company has secured several new orders from both the large UK utilities and through direct sales to SME and large businesses. In September the Company signed a framework agreement to deliver smart metering installation services to Gazprom Marketing & Trading Retail Limited ("GM&TR"), the UK retail arm of the Russian energy company Gazprom, which has recently entered the UK electricity market. The Company continues to install for three of the UK's Big Six energy suppliers, British Gas Business, Npower and Scottish and Southern, as well as several independent suppliers. Additionally the Company has also secured a number of new direct customers, most recently with Superdrug, Marriot International Hotels, Schuh and Yorkshire Building Society.

The New Ordinary shares represent approximately 5.83% of the enlarged share capital of the Company.

The Placing is not a rights issue or open offer and the New Ordinary Shares will not be offered generally to Shareholders on a pre-emptive basis. The Board considers that it is in the best interests of the Company and Shareholders as a whole for the funds to be raised through the Placing.

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that trading in the 250,000 New Ordinary Shares qualifying for VCT relief will commence on AIM at 8.00 a.m. on 5 November 2009, and the remaining 4,336,897 New Ordinary Shares will be admitted to trading on AIM on 6 November 2009.

The New Ordinary Shares will, when issued and fully paid, rank equally in all respects with the Existing Ordinary Shares, including the right to receive any dividend or other distribution declared, made or paid after the date of their unconditional allotment.

Anthony Barnes, Group Chief Executive of Bglobal, commented:

"Bglobal has recently installed its 70,000th smart meter in the UK non-half hourly business metering market, reaffirming our position in the sector as a leader in automated meter reading. With strong customer demand for our services and a steadily increasing order book, we believe we are in a position to further accelerate installation programmes for key customers who are committed to using Bglobal's smart metering services."

For further information visit www.bglobalplc.com or contact:


Tony Barnes Mark Taylor Simon Compton
Chief Executive Freddy Crossley Paul Young
Bglobal plc Charles Stanley Securities Tavistock Communications
Nominated Adviser
Tel: 01254 819 600 Tel: 020 7739 8200 Tel: 020 7920 3150


This information is provided by RNS The company news service from the London Stoc

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Get Level 2 now for only £20.00!

I agree - I particularly like the countdown they have. It's good marketing from a company that has clear belief in its product. Very encouraging

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Just an aside, but I work in branding and there's been a marked improvement in the way bgbl present themselves this year. When they were under 15p earlier this year, their website looked like it was knocked together in word and represented a creaky local firm.

Now it's slick, with engaging copy and clear visual explanations of the sector, their product offering and business. This will make it much easier for them to secure new business and build up presence/credibility in the sector.

For what is primarily a b2b brand, the website is certainly very consumer friendly...

I wonder....

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Haha - can't ignore that post, very insightful and comical.

Got to say though I can see how the lay-person could get very confused over what constitutes a smart meter. Is it a new meter, a clip on device (I've heard some are only accurate to +/- 10% which to me isn't even remotely accurate) or is it an in home display unit? Surely the point made that all smart meters should come with IHD's is a good one but potentially diversionary as the public will see the IHD as the main thing (generally people like shiny toys to play with) and the Energy Suppliers aren't going to pay for something that doesn't give them any benefit, they will just want the meters changing and the accurate data and let the customer pay for their own IHD?

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Holiday was great thanks, only a few months till the next one so it's all good.

I think the issue with the potential for "stranded fitters" if you will is the final run rate of installations. Assuming 30million electricity meters in total (I&C plus domestic) and a 15 year life cycle that gives you a run rate of 2m p.a. for PMC. Naturally assuming a slower start up, finishing at 2m p. a. would mean that this whole process would take longer than 15 years, possibly 20. If we're to believe that all of these meters will be swapped out by 2020 (or at the latest 2022 fitting in with the EU effort) then we've only got 12 years. It does look like there will be an excess of meter fitters by the end of the programme, depending on how many each one can fit this could be as many as 1,000 people who would effectively be surplus to requirement (based on final year run rate of 4m meters p. a. and 160 meters/fitter/month).

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Just a general rant - please ignore me.

I really love the quality of the reporting that surrounds this sector. People with no idea stumble around making stupid claims.

The BBC website states "Library users in York are being given the chance to test out "smart meters" to track how much electricity and gas they use."

However the device is an Owl or a Maplin device, which tracks Electricity only. It does not do gas. The library site makes no claim on gas monitoring - where has this claim come from? If it did do gas it would probably come with a form to be signed as follows:

"Dear Library Member,

Please confirm that you will have this device installed by a Transco MPU approved installer who install this device in line with IGEM/GM/7A, Electrical Electrical connections for gas metering equipment and also IGEM/GM/7B Hazardous area classification for gas metering equipment. Ideally they would operate according to ASPCoP and notify the Gas MAP/MAM prior to making connections. Also if you return this device late we will charge you 2p/day."

I am glad Counciller Christian Vassie has trialled the meter and is saving £350 per year. I have a 4-bed house and my annual bill (based on readings - not estimates or direct debits) is only just over £350. What is he running a hotel - or maybe it is all those Christmas lights he might have put on expenses.

With a bit of luck he may save enough carbon to justify his trip to Europe.

Moan. Moan. Moan.

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