Share Name Share Symbol Market Type Share ISIN Share Description
Utilitywise LSE:UTW London Ordinary Share GB00B6WVD707 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 41.00p 40.90p 40.95p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 84.4 18.4 20.5 2.0 32.18

Utilitywise Share Discussion Threads

Showing 3376 to 3397 of 3400 messages
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DateSubjectAuthorDiscuss
13/2/2018
17:40
https://uk.advfn.com/stock-market/london/utilitywise-UTW/share-news/Utilitywise-plc-Half-year-net-debt/76617317
freddie ferret
12/2/2018
15:32
I reckon it's the going concern due diligence taking the time....
r ball
12/2/2018
08:35
It is surprising how long it's taking, especially as I can't think of another finance department that's had more experience of re-stating accounts :-)! #auditorsplayinghardball
cockerhoop
12/2/2018
08:05
Taking a bloody long time to get this audit done.
bennywin
07/2/2018
16:53
Perhaps they made a mistake on the year?
freddie ferret
07/2/2018
04:41
My guess is that the audit will be published at the same time as the usual Feb trading update, I,e within the next couple of weeks.
bennywin
06/2/2018
18:08
Not bad given sell off. Volume low thou.
r ball
06/2/2018
17:18
This seems to be holding up quite well given the wider market trend today. :) :)
freddie ferret
06/2/2018
11:53
Lol, been there myself Freddie.
bennywin
02/2/2018
22:25
There is a recent blog post on Utilitywise available here: hTTps://www.sharesoc.org/blog/company-news/revenue-recognition-patisserie-valerie-utilitywise-cryptocurrencies/
sharesoc
02/2/2018
08:29
Bennywin, how do you work out 8 mill profit? That would put UTW on a forward P/E of 4 which would surely result in some upward momentum when trading resumes. Would be nice after the January my portfolio has had. I have thought all along that the problems were all accounting related and the business was still cash generative. The biggest risk in my mind was not generating enough cash to cover breaching the banking covenant coming after the £7 million repayment and stopping taking cash advances up front. That seems to be all sorted for now.
karadas09
02/2/2018
07:13
Re today’s debt RNS It does appear that trading is ok and that they should be on course for around 8 mill profit for the coming year. If they continue at that rate, then the debts should be cleared fairly quickly.
bennywin
02/2/2018
07:08
Freddie We are already in 2018
bennywin
01/2/2018
19:25
I'm not holding my breath for the lifting of the suspension before jan 2018 but I will be happy to be prooved wrong.
freddie ferret
01/2/2018
19:24
Again we have from the same link. Timing of announcement of final results The Group must now complete its year-end audit process in respect of FY17 and currently expects to complete this and announce its final results by 31 January 2018. However, due to the volume of work required to complete the process on a contract-by-contract basis in the financial systems of the Group and for the Group's auditor to complete its audit work, as explained above, there is a risk that the audit will not be complete by this date. Further updates will be given to the market, with regard to the financial implication of the proposed changes in accounting policy and the confirmed date of final results announcement, as soon as both are known with more certainty, as the work progresses
freddie ferret
01/2/2018
19:22
https://uk.advfn.com/stock-market/london/utilitywise-UTW/share-news/Utilitywise-plc-Final-results-update/76486574 The last 2 sentences of this C&P are material imho. A prior period adjustment will be required upon the adoption of the new proposed accounting policy. Work is ongoing with the Group's auditors to finalise the value of amendments in respect of FY17 and earlier years. -- The cumulative impact of the non-cash accounting adjustments, across all historic financial years, is expected to have a material negative impact on Group equity as at 31 July 2017. It is not yet known whether there will be a material impact on the profit of the Group for FY17, due to the requirement to finalise the split between FY17 and earlier years. -- There is also likely to be a material impact upon the Group's reported revenue and accounting profit in the year ending 31 July 2018, with the absolute impact becoming estimable once the revised accounting policy is finalised. -- The Group's sole banking lender is aware of all related developments and discussions are ongoing with the bank. Should it become necessary, once the financial outcome is known and agreed with the Group's auditor, efforts will be made to obtain waivers of any retrospective breaches and amendments to the Group's relevant banking covenants in future periods. -- The Group currently expects to complete its year-end audit process in respect of FY17 and announce its final results by 31 January 2018. However, due to the volume of work required there is a risk that the audit will not be complete by this date.
freddie ferret
01/2/2018
10:08
Hardly going to be next Jan Freddie, it will hopefully be in the next few weeks once the auditors have finished their job.
bennywin
31/1/2018
15:38
We already sort of know that. Next Jan if all goes according to plan. I guess the suspension may be for the long term?
freddie ferret
31/1/2018
14:39
Did anyone go to the AGM or have news about what was said? Surely some questions were asked about when the results would be published?
nocton
30/1/2018
19:26
Not really that bothered now. It's just they are close to home. Oh well
r ball
30/1/2018
17:32
You should have bought some. You may still be able to privately, however it probably could not be got on the register in time. Oh dear! :)
freddie ferret
30/1/2018
07:13
I wanted to attend but need a proxy vote.
r ball
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