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 Shares Traded Last Trade
  0.00 0.0% 1.903 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.806 2.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 67.76 -30.43 -34.90 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.903 GBX

Utilitywise (UTW) Latest News

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Utilitywise (UTW) Discussions and Chat

Utilitywise Forums and Chat

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 (UTW) Top Chat Posts

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’; at director level over £150k a year and spending nearly a £1 million on the failed water marketing campaign he then seemed to realise the company was desperate for revenue and reputedly signed off a number of deals that would favour UTW coffers in the extreme and be detrimental to the customers business. Rumour - January, signed off a meter consuming 48k, at 1.6 gig, the deal should have been worth £5k and was signed off at over £177k... now that company owner should be speaking to their legal team?
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.
cockerhoop: Fat Lady bursts into song! hTTps:// Sorry for holders but the writing was on the wall for several years.
cockerhoop: Still Waiting, CAKE's accounts were fraudulent therefore no real warning. UTW issues were there in plain view for many years.
ochs: So not bust by Xmas as Diane Carberry seemed so certain of! Good to see the share price slowly starting to rise. However I'm not sure if it's a buy at the current price without so much as a peep from the company.
ochs: Thanks - from 10 Oct (when share price was still 21p), and good that they talk about "...long-term interests for Utilitywise.” so that's positive. You'd think if things had deteriorated materially since then, and since the trading statement of 4 Sept then the company would have needed to issue a RNS.
dianecarberry: "Utilitywise is a profitable business with exciting future prospects. We have a clearly stated Strategy for Growth which will create significant value for our shareholders. As Utilitywise is an AIM listed market leader, the decrease in our share price was inevitably going to draw attention, however the reasons for the share price fall are clear and in the public domain (a major shareholder disposed of their holding and as those shares are traded, we see a short term impact on share price). We remain focused on and committed to our growth initiatives with the launch of business insurance, Utilitywise Payment Services and the introduction of a new brand in EIC happening in this month alone." and you believe him ? more fool you. He is wrong. Utilitywise is not a profitable business anymore. It was earlier this year but not anymore. did he mention the debts ?
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.
cockerhoop: Yes but that's still 100% loss from the current price! Condolences to holders but why anyone would continue to hold a company who has had the revenue recognition issues that #UTW had is beyond me. Issues were apparent with the share price above £2.
angel81: Just heard Geoff, the ex-chairman has set up a business with his son, another ex-employee, chasing brokers for miss-selling. I am not sure what Mr Woodford will have to say about this as it must impact on the UTW share price. The irony !!! hxxps://
Utilitywise share price data is direct from the London Stock Exchange
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