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

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Date Time Title Posts
25/1/201610:47Buy and Sell targets for this share..5
17/11/201512:54(UTW) -----> Utilitywise Plc 144

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Utilitywise Daily Update: Utilitywise is listed in the Support Services sector of the London Stock Exchange with ticker UTW. The last closing price for Utilitywise was 41p.
Utilitywise has a 4 week average price of 38.30p and a 12 week average price of 33.95p.
The 1 year high share price is 186p while the 1 year low share price is currently 33.50p.
There are currently 78,481,680 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Utilitywise is £32,177,488.80.
freddie ferret:
freddie ferret: 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.
r ball: KaradasImpairments are not fully priced in which is why the share price fell my 16% today.
freddie ferret: This is getting very funny. The RNS is worthwhile reading and considering. The question is why does the external auditor feel it needs to call in another firm of accountants? This strikes me as sounding like the auditors feel they are not up to the job or that there is a genuine question mark in their minds as to how to interpret things. From the RNS. "As part of its audit procedures, the Group's external auditor, BDO LLP, has now requested that the Group obtains additional advice from an independent accounting firm in respect of the Group's estimation methodology for expected consumption levels on live contracts. As a result of this request, the Board has now appointed a third-party accounting firm to carry out that additional review. It is anticipated that the additional review will conclude in early December 2017."
bennywin: I agree with your thoughts. My hope is that great sales in U.K. and especially Europe have offset the downside and the drop in share price has been an over reaction. I have been topping up at these levels as I think the upside outweighs the downside and I hope I'm right.
thewheeliedealer: Hi Divmad, sorry for the delay in replying - too little time as ever and too many flippin' Social Media platforms which confuse the hell out of me !! My thoughts are that the Divvy very much depends on how UTW is trading from here. If they have more problems then obviously the Divvy is at Risk but when you consider that most of the problems were more of an Accounting/Acquisition/Lack of Management Control nature, then chances of Trading Problems might not be as high as many suggest. Bear in mind that the New Management have had plenty of opportunities to 'kitchen sink' their Announcements and to get all the Bad News out now - so my sense is that they are trading ok and the next Update will be decent. If this is the case, then I expect we will see a serious jump up in the Share Price. Obviously if I am wrong then the Shares will tank but that is the Risk we have to weigh up - for me, the Risks favour more upside than downside. Bennywin and MJ19 thanks for your comments on the Blog - great to hear it is of use, Cheers WD
mj19: Utilitywise Plc (LON:UTW) Analyst Target ChangesJuly 20, 2017 5:29 am Writer: Camille Ainsworth Posted In: European Broker RatingsA number of investment brokers have recently updated their price targets on shares of Utilitywise plc (LON:UTW). According to the latest broker reports outstanding on Thursday 20th of July, 3 analysts have a rating of "strong buy", 0 analysts "buy", 1 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".Recently released broker ratings:30/06/2017 – Utilitywise plc had its "Buy" rating reiterated by analysts at Canaccord Genuity. They now have a GBP 120.00p price target on the stock. 29/06/2017 – Utilitywise plc had its "Corporate" rating reiterated by analysts at FinnCap. They now have a GBP 150.00p price target on the stock.04/04/2017 – Utilitywise plc had its "Buy" rating reiterated by analysts at Shore Capital.17/10/2016 – Utilitywise plc had its "Buy" rating reiterated by analysts at Shore Capital.08/08/2016 – Utilitywise plc had its "Corporate" rating reiterated by analysts at FinnCap.08/08/2016 – Utilitywise plc had its "Buy" rating reiterated by analysts at Shore Capital.The share price of Utilitywise plc (LON:UTW) was down -0.37% during the last session with a day high of 69.75. 66709 shares were traded during the last trading session.The stock's 50 day moving average is 95.92 and its 200 day moving average is 145.68. The stock's market capitalization is 52.91M. Utilitywise plc has a 52-week low of 62.50 and a 52-week high of 202.50.
sdtreble: Bought in here yesterday for the first time, completely understand why investors over the last few years have been so frustrated with this share but there is a decent business lurking underneath here. With the board changes & the current share price the potential upside far outweighs any further downside imho.
kazuko: Liberum Capital cuts UTW price form 228 to 206 yesterday.. what planet are these analysts on? Does no one hold them to account? Its verging on criminality.
glasshalfull: UTW Firstly may I declare a position in UTW's peer INSE, so simply look in periodically to compare relative valuations & execution of their strategies. I checked back, & found that I last posted on this thread in August 2015. This was on the back of finnCap downgrading earnings, dividend forecasts and slashing the year-end net cash balance (post 1538 for anyone that cares to look back). At the time I suggested that UTW would not command a strong rating until they were in a position to demonstrate positive cashflow. Share price at the time was c.225p Let's travel back. finnCap had forecast net debt of £0.4m at the end of FY 2015 (31.07.2015) & the full year results for 2015 highlighted net debt figure of £6.7m which was a considerable miss in anyone's book. Now fast forward to the latest interim statement & it appears that UTW are still dealing with the same issue. finnCap released a note last week that indicates, "We have factored in a higher interest charge due to the higher net debt. Our net debt forecasts have increased by £24m in FY 2017 split: £5.5m from prior year adjustments, £16.4m from the reversal of supplier advances, £1.1m from exceptional costs and £0.7m from higher and reclassified interest. We have also reassessed our working capital assumptions in FY18 and FY19 assuming the level of extensions seen in H1 17 continues at 23%." Wow! A £24m increase in net debt! That places the 2015 increase in net debt of £6.3m in the shade. While finnCap have left earnings & PBT forecasts relatively unchanged, forecasts for the cash position of the company has taken a significant hit over the next 3 years: - 2017 PBT £18.8m (old £19.3m) EPS 19.5p (old 19.8p) Net Debt £19.7m (previously net cash £4.5m) 2018 PBT £21.0m (old £21.6m) EPS 21.8p (old 22.3p) Net Debt £13.7m (previously net cash £11.6m) 2019 PBT £23.2m (old £23.6m) EPS 24.1p (old 24.3p) Net Debt £8.4m (previously net cash £20.9m) Other commentators, such as the excellent Paul Scott, have produced more extensive reviews that question a number of aspects of the business. To be perfectly honest though, I & others have questioned the revenue recognition policy in UTW previously and I reckon that we have simply observed this playing out with a dramatic fall in cash since the t/s in August 2015 which I alluded to at the beginning of this post. The market accordingly have afforded the company a lower rating as a result. I wish UTW holders well, but I reckon they won't do quite as well as the departing Geoff Thomson who pulled off a masterstroke by selling down 5.4m shares at 290p in June 2014 (13m shareholding reduced down to 8m) when the group employed a different revenue recognition policy. It's been downhill ever since! Thanks, but I'll stick to INSE meantime. Kind regards, GHF
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