Utilitywise Share Discussion Threads

[freddie ferret] 25/10/2018 17:07

It cannot drop to less than O :0)

[bennywin] 25/10/2018 15:52

In this circumstance, you are entirely correct.

[zho] 25/10/2018 15:45

Flattery will get you nowhere

[freddie ferret] 24/10/2018 15:12

That sounds positive for UTW, but I suppose there is a tendency to assume everyone is tarred with the same brush.

[freddie ferret] 22/10/2018 12:33

This has been falling a bit of late.

Interesting.

[bennywin] 03/10/2018 13:30

No, its totally unethical and shows his leadership is totally inept.

[kizzbop] 02/10/2018 20:13

More redundancies I hear.
Redditch Sales function for SMEs all gone.
75 is the rumoured number.

I hear BF voted himself some sort of pay/package increase and then yet more redundancies.
Ethical?

[bennywin] 10/9/2018 09:11

A bit odd that they would still consider themselves to have accounting problems.
Surely, they have had more than enough time to sort things out.
It all paints the picture that the boss is not in control.

[topvest] 09/9/2018 18:50

Looks like more possible problems on accounting given references to IFRS 15 implementation and review now being undertaken. Really should have been resolved already given their past history, and the fact that year end was 6 weeks ago!

[bennywin] 07/9/2018 08:30

I agree with those comments.
With hindsight I think they picked the wrong man for the job.

[kizzbop] 06/9/2018 17:20

Quote:
'The second half of the financial year was challenging, for reasons that were well-publicised, as the group continued to deal with a number of legacy issues,' chief executive Brendan Flattery said.

Not being funny, but how long does he have to be there before he stops blaming ‘legacy’?? Time to man up. He joined 1st October 2016 ... legacy?... it’s now BF and the Exec team’s legacy.
He made the mistake of focussing entirely externally for far too long, basic management error.
He’s relied on internal Execs to do their jobs and tell him the truth without checking anything, relying on past relationships and being sold a load of flannel, he’s swayed by Ted Baker suits and colourful PowerPoint graphics, basic management error.
He’s made substantial promises to the market long before he really understood whether he could really actually deliver given the last two points, really basic management error.
He’s not looking at his cost versus delivery in each department, all departments not just sales. Far too many Execs and Heads of, businesses this size can’t afford/don’t need both, basic management and financial error.
Quote:
'We expect the new financial year to be key as we see increased progress in the execution of our strategy.' BF
Fabulous let’s get to it then! how long’s that going to take, another two years or will the legacy folk be blamed for that not happening effectively as well?

[topvest] 04/9/2018 18:02

Yes, update was awful. Definitely one to avoid for the time being in my view.

[phowdo] 04/9/2018 08:16

Flattery will get you everywhere...

;)

[bennywin] 04/9/2018 07:11

What a shockingly bad update.

Flattery is clearly not up to the job.

[bennywin] 22/8/2018 12:40

I have dumped most of mine at a hefty loss, but do see them as a potential takeover target (Especially if trading update is bad and the price drops)

A business simply can not afford to keep losing key personnel and to me its a big warning sign of an unhappy ship.

My impression of BF, is that he blows a lot of hot air, yet fails to deliver, and I wouldn't be suprised that excuses will be made for lack of growth of customer numbers this time round with promises of more jam tomorrow.

On this point, I would love to be proved wrong.

The trouble being, that if there is no growth, then BF is going to make himself look a complete idiot with his fanciful 2020 targets and his credibility will be shot to pieces, as will the share price

[freddie ferret] 18/8/2018 14:40

I have an open mind the share price may break downward over the next couple of weeks, for now we are on the floor.

[kizzbop] 18/8/2018 11:47

I’m the same. Entirely not convinced re BF. Talks convincingly, no substance or actions. Not convinced about any of the Execs, Finance still looks to be a shambles, HR has two leaders (why?! cost?) and huge ER issues and must have questions over current quality of hire, Marketinb ... massive expense, tip heavy and what are they delivering?, product development... I remember all of the products promised in the Capital Markets day by the CMO, where are they now? No where to be seen.
I’d get out if it didn’t mean losing so much. Just hanging on in the vain hope of a bounce back.
Would a takeover help?

[bennywin] 09/8/2018 17:40

Hardly inspiring that so many experienced people feel a need to leave.
I remain to be convinced that BF knows how to properly manage a company.

[kizzbop] 09/8/2018 15:55

I hear the same. MD of enterprise had gone. One of the Geoff Thompson crew, so inevitable.Another one of the Sage cronies being lined up in replacement? ‘Sagewise̵7; rules! Or not as the case might be.
Maybe Brendan, after over a year, might actually be looking internally at the nature of the deals being made. It’s amazing it’s taken this long and fairly lax at the very least.

[cc2014] 07/8/2018 14:39

hmm - well the price has moved up...

[ochs] 07/8/2018 07:36

Do you mean Brin Sheridan - Managing Director (Corporate Division) or Brendan Flattery - CEO?

[bennywin] 06/8/2018 22:58

Where did you get that info ?

[thetruthcomesout] 06/8/2018 20:37

The MD has resigned/been pushed today apparently