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The Grim Reaper comes a-calling on Woodford (twice). Will RM2 be next?

Published 94 days ago

Another bad day at the office for Neil Woodford as this morning he is mourning the loss not only of Halosource (HAL) – whose revolutionary water was not good enough to put out the insolvency fire – and Utilitywise (UTW) which called in the administrators as announced at no-one-is-watching o’clock last night (6.20pm) and confirmed this morning. Clearly Utilitywise couldn’t provide the water either.

Tom Winnifrith Bearcast: Hey Evening Standard wanker Journalists #Learntocode

Published 106 days ago

In today's podcast after discussing late night sex in Clerkenwell, I discuss the history of Daniel Stewart (DAN) and how pride, real pride, came before its fall and the lessons one can learn. I look at Neil Woodford dog Utilitywise (UTW) and i look at the newspaper industry and the £10 million loss making Evening Standard and the reasons that its wanker journalists may today claim credit for other folks work but tomorrow they will have to #learntocode in order to put bread on the table.

Utilitywise – “Strategic Review and Formal Sale Process” = shares suspension ahoy as ‘not sufficient’ funding interest; why’s that Neil?

Published 111 days ago

Previously writing on Utilitywise (UTW), in July it was a “Strategy Update” only David Brent & major shareholder Neil Woodford are clever enough to understand? – with that including CEO Brendan Flattery attempting to reassure that “the strategy update outlined today will enable Utilitywise to meet its two new financial targets, as well as maximising the medium term potential from the business”, though I concluding of course though, there is no guarantee that it will – and I’ll continue to avoid at least until there is some clear net cash generation demonstration. Today a “Strategic Review and Formal Sale Process” announcement…

Tom Winnifrith Bearcast - a curate's egg of a day for Neil Woodford

Published 111 days ago

In today's podcast there are repeated references to Cheryl Cole as I discuss Utilitywise (UTW), Sensyne Health (SENS), Neil "smug bastard" Woodford, Flybe (FLYB), Eqtec (EQT), Phontonstar Led (PSL), Active Energy (AEG) and Altona Resources (ANR)

Tom Winnifrith Bearcast: the time of year when my hatred of Amazon mounts

Published 187 days ago

I explain why I am cursing Amazon almost daily. I look at redemptions and fund managers a problem lurking under the surface but also how do private investors react to stocks going to zero or doing an IQE (IQE). I look at worrying data from China and then at Utilitywire (UTW) - another Neil Woodford car crash - and at Interserve (IRV). Ouzo for Nigel Somerville soon I sense.

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

Published 318 days ago

“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

Published 401 days ago

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

Published 423 days ago

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…

Published 471 days ago

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…

Woodford and Capita – Strike two: a few observations

Published 472 days ago

My conclusion to The Big Short series over Christmas was that although it was a long-term play, Neil Woodford was only a few pieces of “bad luck” away from a speedier, more dramatic implosion. This week’s Capita (CPI) news is the second of those already and we’re only one month in. Further to the excellent pieces on Capita yesterday (HERE and HERE), a few further observations on the wider Woodford story from me.

Tom Winnifrith Bearcast: Bruno Brooks, those 17 f*cks, Anthea Turner and today's RNS nonsense

Published 475 days ago

Yes indeed it is THAT Bruno Brooks, the one who was shagging Anthea Turner, etc, etc. who runs AIM uber dog Immedia (IME). I explain why its RNS today is the biggest F*ck of all. I also explain why no article on Julie Meyer today - I've been too busy cooking and serving poisonous pizza NOT! Then I look at Defenx (DFX) in some detail before having a butchers at another Neil Woodford dog Utilitywise (UTW).

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

Published 475 days ago

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 Patient Capital Trust: The Big Short (Dec updates) – Things are getting ever tighter

Published 485 days ago

As I anticipated in my RM2 International (RM2) piece yesterday, the December monthly updates finally came out yesterday afternoon and I thought it appropriate to provide monthly updates on The Big Short in conjunction with those each month so here goes. Quick summary: it’s not getting any easier for Woodford.

Tom Winnifrith Bearcast - we capitalists give ourselves a bad name

Published 487 days ago

In today's podcast I consider Julie Meyer and Ariadne, Provident Financial (PFG), another Neil Woodford dog, UtilityWise (UTW), OnlineBlockcrap (OBC), Mayan (MYN) and Carillion (CLLN) and how we capitalists keep on scoring own goals.

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

Published 487 days ago

“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!

Published 550 days ago

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!

Published 632 days ago

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!

Published 657 days ago

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

Published 689 days ago

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…

And the winner of this Year’s ShareProphets “bury bad news” Christmas sweepstake is…

Published 876 days ago

Bah, humbug! Last year’s final trading session before Christmas saw the RNS system take an early bath, but this year it was in full flow right through to 6.30pm, even though the markets closed at 12.30. So who slipped out bad news as everyone was off doing their last minute Christmas shopping? And who went the extra mile by leaving the release of bad news right into the evening? We had some cracking entries on that score, and we have a winner to announce as regards the sweepstake.

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

Published 1013 days ago

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”

Published 1014 days ago

“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

Published 1125 days ago

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

Published 1185 days ago

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?

Published 1186 days ago

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

Published 1250 days ago

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

Published 1256 days ago

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...

Published 1295 days ago

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...

Published 1296 days ago

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…

Zak Mir's Bulletin Board Heroes: Ithaca Energy, JKX Oil & Gas, Paternoster Resources, Tern, Utilitywise

Published 1315 days ago

Featuring shares in Ithaca Energy (IAE), JKX Oil & Gas (JKX), Paternoster Resources (PRS), Tern (TERN) and Utilitywise (UTW) with share price targets for all five stocks

Utilitywise plc - red flags ahoy?

Published 1345 days ago

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? …

Zak Mir's Great Request Show: Petroceltic, Strat Aero, Utilitywise.

Published 1409 days ago

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at Petroceltic (PCI), Strat Aero (AERO), Utilitywise (UTW).

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