The UK government’s plan to install 49m smart meters by 2020 is good news for Bglobal.
Bglobal’s progress has been slower than hoped because the rate of installation has been lower than expected. It has managed to install smart meters in 55,000 businesses and public sector sites and these provide accurate information to its customers.
The news sparked a 3.5p rise in the share price to 17.25p, which values Bglobal at £12.8m.
Bglobal joined Aim in April 2007. It raised £6.85m after costs at 50p a share.
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