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Utilitywise – a “Strategy Update” only David Brent & major shareholder Neil Woodford are clever enough to understand?

2018-07-05 10:58:34

“Evolving the proposition channel strategy”“differentiated segment and channel propositions”“technology-led efficiency proposition, adopting a more consultative sales approach”“invest in the development of a multi-channel ‘go to market’ strategy”. Welcome to a “Strategy Update” announcement from Utilitywise (UTW). Who’s swallowed the dictionary of management bullshit?...

Utilitywise – Woodford-backed dog down again on accounting update

2018-04-13 05:40:48

Shares in Utilitywise (UTW) are currently approaching 10% further lower, towards 30p, on the back of an update on the financial impact to it of accounting standard IFRS 15 (Revenue from Contracts with Customers), interpretations of which are mandatory for future accounting periods from the start of 2018…

Utilitywise – Woodford-backed dog returns from suspension… along with a profit warning

2018-03-22 07:30:35

Previously writing on Utilitywise (UTW) it was as the Woodford-backed dog currently suspended as unable to publish audited accounts, updates. The shares are today trading again after publication at last of results for the company’s year ended 31st July 2017!...

Utilitywise – Woodford-backed dog currently suspended as unable to publish audited accounts, updates…

2018-02-02 08:00:24

Yesterday Utilitywise (UTW) was “pleased to announce that the group has agreed amendments to its banking facility agreement… based upon forecasts that have been shared with the bank in respect of the group's plans for cash generation over the coming months”. Today there’s a Half-year net debt announcement (couldn’t these have been announced at the same time then?). Anyway…

Utilitywise – from bad to worse for Woodford-backed dog; shares suspended as currently unable to publish audited accounts

2018-01-29 05:10:38

Having less than two weeks ago stated that it “expects to complete its year-end audit process in respect of FY17 and announce its final results by 31 January 2018”, today Woodford-backed dog Utilitywise (UTW) has announced “the directors have now concluded that the company will not be able to publish its annual audited accounts for the year ended 31 July 2017 by 31 January 2018”. Cue share suspension…

Woodford-backed dog, Utilitywise – another ‘Final results update’. Uh oh…

2018-01-17 05:01:28

“Final results update” from Utilitywise (UTW). Such an announcement would not normally be a cause for alarm, but here Woodford Investment Management has a major shareholding - and it was previously Auditor requests estimation methodology review by a third-party, results delayed again!

Utilitywise - auditor requests estimation methodology review by a third-party, results delayed again!

2017-11-15 09:20:37

Having previously noted transparency and visibility concerns about Utilitywise (UTW), I today note the shares currently more than 10% lower at around 50p on the back of a “Final results timing update” announcement…

Utilitywise – “in line” update… but that is with expectations set on the last day of the year under review!

2017-08-25 00:49:04

With its direction of financial performance reflected in a share price down from not far off 200p at the commencement of 2017 to 73p, an “in line” trading update from Utilitywise (UTW) might be expected to boost the shares. It hasn’t…

Utilitywise – early adoption accounting change announcement coincides with profit warning which wouldn’t have been!

2017-07-31 03:50:21

Previously writing on Utilitywise (UTW) it was a case of it having been wise to red flag, as (Utility)unwise energy consumption projections see the shares crash. I concluded ‘is there anything else to emerge from the changes required to ‘increase transparency’? The visibility here sees me continue to avoid’. The shares are today further lower on “Early Adoption of IFRS 15” and “Trading update” announcements…

Utilitywise – it was wise to red flag, as (Utility)unwise energy consumption projections see the shares crash

2017-06-29 04:25:57

Previously writing on Utilitywise (UTW), I concluded continue to avoid as the shares recovered a bit from sub 130p - Flattery from the company for Brendan, but will he be able to rectify the red flags ahoy? There is today a “Projected under-consumption of energy contracts” announcement – and the shares are currently crashing below 80p…

Utilitywise - Flattery from the company for Brendan, but will he be able to rectify the red flags ahoy?

2016-08-09 07:15:33

With a business model which has seen red flags ahoy noted and recent performance “weaker… than we would have liked” (sorry, in order to help the company ‘realise its considerable potential’), Utilitywise (UTW) has announced the appointment of Brendan Flattery as CEO, effective 1st October 2016…

Utilitywise – wariness vindicated as company updates on “weaker overall performance than we would have liked”

2016-08-08 03:55:21

“Utilitywise (UTW), the leading independent utility cost management consultancy, today provides an update on trading for the year ended 31 July 2016. The group expects to report significant revenue growth in the period with revenues of at least £82m (£69.1m 2015)”. Sounds promising, so why are the shares currently a further 6.5% lower, heading towards 133p? ...

Utilitywise – half year results, same old problems currently remain

2016-04-19 07:29:23

Utilitywise (UTW), which seeks to leverage relationships it has with energy suppliers to business customers, has announced results for the six months to 31st January 2016, emphasising “continued strong performance… delivering another period of revenue and profit growth”. What about the all-important cash generation and balance sheet though?

Utilitywise plc – a peculiar case of reviews & more

2016-02-19 01:18:25

Having previously highlighted areas of particular interest in the accounts of Utilitywise plc (UTW) HERE, I earlier updated – concluding that the noted concerns see me continue, ahead of 19th April-scheduled results for the six months ended 31st January, to remain cautious (see HERE). I now update further following the comment to that earlier piece from reader ALCIRA16247...

Utilitywise plc – first half trading update, still red flags ahoy?

2016-02-18 04:35:12

Having previously highlighted areas of particular interest in the accounts of Utilitywise plc (UTW) HERE, a recent “Trading Update” notes that “the group has performed in line with management expectations”. But what does this mean for the areas I highlighted?...

Zak Mir's Great Request Show: Sareum Holdings, Strategic Minerals, Utilitywise

2015-12-16 02:42:16

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at  shares in Sareum Holdings (SAR), Strategic Minerals (SML) and Utilitywise (UTW) setting share price targets for all three stocks.

Zak Mir's Great Request Show: Numis Corporation, Parity, Utilitywise

2015-12-10 01:16:56

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Numis Corporation (NUM), Parity (PTY) and Utilitywise (UTW) setting share price targets for all three stocks.

Utilitywise plc – part 2/2: the outlook...

2015-11-01 06:42:06

In part one of this two part look at Utilitywise plc (UTW), I highlighted areas of particular interest in the accounts. The following reviews post announcements from the company this week, including of a “Change to payment terms with existing supplier”

Utilitywise plc – part 1/2: past financial performance...

2015-10-31 02:40:17

Last month I noted recent short interest in shares of 'utility cost consultancy', Utilitywise plc (UTW) and concluded that I don’t like the accounting treatments HERE. With the company having this week announced results for its year ended 31st July 2015, the following details the evolution of its accounts having listed on the AIM market in 2012, highlighting areas of particular interest…

Utilitywise plc - red flags ahoy?

2015-09-12 01:14:48

Ahead of results for its year ended 31st July 2015 scheduled for the end of next month, I note recent short interest in shares of 'utility cost consultancy', Utilitywise plc (UTW) – see HERE and HERE. Are there further red flags ahoy? …

Table of shorted AIM shares - 28/08/2015

2015-09-02 03:57:53

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

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