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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 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 28/1/2019 23:02 by cockerhoop Freddie,I certainly don't have a problem with Neil Woodford but when I was on this board several years ago (SP circa £3) suggesting that the ultra aggressive revenue recognition policies were a massive concern investors on here pointed to Neil upping his stake and bigging up his comprehensive due diligence. His reputation certainly isn't what it once was. |
Posted at 28/1/2019 14:08 by nick rubens Why are we all surprised time and time again. What do we expect with AIM? The main market has it's fair share of rubbish but AIM is almost relentless in delivering nothing but investor losses.Can't see many investors left with any money after observing the last few years of AIM companies behaviour, and the wise investors will likely keep away from AIM. |
Posted at 30/11/2018 06:54 by strongbuy There is a lot of hidden value here I’m sure, just needs to be woken up and reignited, start buying other brokers negotiate with the power companies and this will motor |
Posted at 18/11/2018 11:59 by cyberbub Yes that's correct - close periods only apply to the BOD, because of propriety in terms of upcoming major events like accounts etc, or because they are aware of problems, opportunities, disscussions about takeovers etc.Ordinary employees aren't involved in preparing accounts or any board-level negotiations, so don't have that restriction on trading shares (unless their contract says they do for 'x' months after acquisition).*No one* (whether BOD, employee or investor) is allowed to trade if they have come into possession of inside information, by whatever means. |
Posted at 14/11/2018 20:11 by strongbuy Hmmm, is there a player out there lining up a bid?Dyor |
Posted at 23/3/2018 11:59 by bennywin fmp-tv.co.uk/companyHow BF thinks he is going to get to 130k customers by 2021 is beyond belief. |
Posted at 17/1/2018 19:59 by karadas09 @freddieferret. You are not the only one. Impairments to the balance sheet due to overstated revenue were fully expected and are priced in. I was fine with the RNS, it was completely in line with previous commentary. Contacts have been overestimated to the tune of around 20% historically. Profits will be lower than previously reported. Cash flows and underlying performance unchanged. There are 40,000 plus sticky customers here and this is potentially a cash generative business worth holding. Still I don't blame investors giving this a wide berth until the picture is clearer. |
Posted at 13/12/2017 18:40 by sphere25 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 04/7/2017 18:56 by mj19 From April this yearShares of business energy consultancy Utilitywise (LSE: UTW) fell by 10% this morning, despite the firm reporting an 11% rise in revenue for the first half of the year. Adjusted pre-tax profit rose by 4% to £9.4m and the interim dividend was increased by 5% to 2.3p.These results look to be broadly in line with forecasts, so why have they disappointed the market?Is Woodford right?Utilitywise has been criticised by some investors for its business model, which sees the firm book commission payments from energy suppliers as income a year or more before it receives the related cash payment. Some investors believe this is a risky way to do business, as there's always a chance of non-payment.To help address this criticism and improve cash flow, it has been accepting advance cash payments from energy suppliers. However, the group announced today that in order to maintain its impartial view of the market, it will stop taking cash advances. Net debt is expected to increase as a result and cash flow will worsen, at least temporarily.On the other hand, it's worth remembering that the companies who pay Utilitywise's commissions are mostly big utility firms. These businesses have strong credit ratings and are unlikely to default on their obligations. For patient investors, this firm could prove to be a long-term cash machine.That certainly seems to be the view held by Neil Woodford, whose funds own 29.16% of it. I suspect Mr Woodford would argue that the stock's forecast P/E of 7.1 and prospective yield of 5% provide adequate protection against the risks involved.I have to admit I can see both sides of this argument. Mr Woodford's support for the stock may be proved right, but for now, I'm going to look elsewhere. |
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