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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Utilitywise | UTW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.903 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.903 | 1.903 |
| Top Posts |
|---|
Posted at 04/3/2019 12:01 by kizzbop Advice would be for any customers here to take legal advice and check their bills for uplift/margins charged. BF set up a department with capped uplifts, with a view the company would ‘land grab’ as many clients as possible and sell a portfolio of products. This didn’t work as he moved the sales people with the worst results, removed bonus incentives and expected them to perform to unrealistic targets. Secondly he and his marketing/product development expert failed to find anything else viable that could be sold. After spending a rumoured £3m on the failed transformation project, paying a number of key ‘buddies’ |
Posted at 14/2/2019 14:56 by sphere25 Geoff Thompson....well well well!-------------------- Sphere25 - 13 Dec 2017 - 18:40:58 - 3165 of 3608 Utilitywise - UTW The smartest guy in the room has jumped ship. He was akin to a conman really, overstated the revenues and gave investors a flawed rosy picture of the fundamentals and prospects, and then BANG!....all the accounting nasties start crawling out of the woodwork. The conman is fine though as he has dumped millions at significantly higher prices (whilst that rosy image of the company was out there), leaving investors floundering with substantial losses, the stock teetering at multi-year lows, and quite possibly on the peripheric (depending on what news comes out in due course). Watch out for Geoff Thompson in future! Blacklist! All imo No position here. |
Posted at 13/2/2019 18:45 by cockerhoop Fat Lady bursts into song!Sorry for holders but the writing was on the wall for several years. |
Posted at 28/1/2019 09:12 by cockerhoop Still Waiting,CAKE's accounts were fraudulent therefore no real warning. UTW issues were there in plain view for many years. |
Posted at 28/1/2019 09:04 by energywatcher Jonwig,Ha, maybe he has learnt from his mistakes then..... Sure as hell I wouldn't put one penny of my money into this.I suspect that when the (sale process has failed) liquidator is going to find some pretty big holes. The underlying issue here has always been a lack of control, allowing sales agents to significantly inflate energy consumption of sales. This was in a culture where sales were hard to come by, sales targets were high, and management were quick to fire agents who missed target. 'The Energy Company' that they refer to was ENGIE, who did a relatively small amount if business with UTW. I shudder to think what the equivalent hole is at TGP..... |
Posted at 19/12/2018 16:25 by ochs Probably from that bloke/woman who kept saying UTW would be bust by Xmas and who's friend is taking legal action due not being happy with their mutual consent redundancy terms ;) |
Posted at 17/11/2018 10:56 by dianecarberry Look knowingIt is very simple There are no trading windows for employees at all at UTW. When someone joins UTW and takes part in the share incentive scheme and acquires shares they can't be sold for 12 months. Once the 12 months is up you can do what you want. In 99% of companies the closed period you talk about only applies to the BOD |
Posted at 16/11/2018 15:52 by dianecarberry "I'm pretty sure all employees of UTW will be in a closed period at present so unable to buy or sell shares - this is because the 2018 final results have yet to be released. Hence diane I am not sure I believe you about your 'friend' selling recently at 16p."Nonsense Closed periods only apply to Directors on the board. Get something right FFS. Employees can sell at any time once outside their initial 12 month probation period at UTW. FACT. |
Posted at 14/11/2018 15:33 by nocton "I am here to warn people about buying into a company that is about to go bust.Aren't I allowed to do this ?" Yes, but ... Like, Knowing, I cannot see why you/dianecarberry are taking such an interest in UTW if you have no position. With the thousands of companies to follow, if you talk down all the companies that are doing badly you must have a full time job. I've got a small percentage of my AIM portfolio here so still interested, but any loss will be set against very substantial gains in other cos. so I just take the rough with the smooth. This seems to be the way AIM is - pick 10 'good' cos. - one or two will be ten-baggers, one or two will fail and the rest will do averagely. Some of the ten-baggers often go through a torrid patch before blossoming - although I don't think UTW is in that category! But when I sell out of a company I certainly do not continue to follow it. |
Posted at 13/11/2018 22:45 by wacker101 Half Year Results (end of January 2018)· Revenue of £39.7m, (+3%) Everything seemed to be going fine with UTW until the dreaded contract valuation saga. UTW had been profitable, cash generative, dividend producing up until mid 2016. Since the contracts were re-valuation UTW has still made operating profits, been cash generative and kept debts around £15m. I don't like using the net asset figure but I think this highlights everything we need to know:- 31/7/13 £25.3m 31/1/14 £29.3m (+£4.0m) 31/7/14 £33.6m (+£4.3m) 31/1/15 £39.6m (+£6.0m) 31/7/15 £46.1m (+£6.5m) 31/1/16 £53.5m (+£7.4m) 31/7/16 £16.3m (-£37.2m) 31/1/17 -£13.5m (-£29.8m) 31/7/17 -£15.6m (-£2.1m) 31/1/18 -£32.0m (-£17.4m) 31/7/18 Everything suggests this figure will be -£50m or worse) The net asset figure for UTW has fallen £85m in 2 years and is significantly negative. I can only assume debts have also begun to mount due to contract under consumption, redundancies and PCW revenue estimation. Another issue could be the group's £25m revolving credit facility which matures in April 2019. I suspect negotiations to either extend or renew with RBS must have started. UTW will probably want more than £25m to weather the current issues. I can't get my head round the fact that UTW makes operating profits and is cash generative. UTW has made an operating profit during every half year period between 31/7/13 and 31/1/18. (+£3.2m in Jan 18). UTW has also been cash generative between 31/7/13 and 31/1/18 despite all the issues. I can only assume from the September update that the half year 31/1/18 to 31/7/18 has produced an significant operating loss, the cash has dried up and the vultures are starting to circle (RBS). Everything will become apparent in the final results. They should be due imminently or have they been delayed like last year. |
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