image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Utilitywise - Improved cashflow profile

December 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • UTW
  • Price:
  • 172p
The shares rallied after utility energy consultancy Utilitywise announced final results slightly ahead with revenue increasing 41% to £69.1m and pretax profit rising 25% to £16.7m for the year ended 31 July. Most of the “beat” came from an accounting adjustment; traditionally it books 85% of the profit on a new contract upfront and makes a 15% provision for possible energy under-usage by the customer. However, while this worked in 2015 and will be used in 2016, in prior years it found it had under-provided and this has led to a write-back to the profit and loss account.Encouragingly, the UK’s customer base has increased further to 27,265 as at 30 September while in Europe it now has over 4,000 customer ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Utilitywise - Record new customer growth in March (June 2015)
Utilitywise - Utility energy consultancy on track to nearly double eps by 2016 (December 2014)
Utilitywise - Energy consultancy forecast to increase eps from 8.7p to 18p by 2015 (April 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X