Don't agree with that Rip Off comment for a number of reasons: A) 121 quid - are you kidding - I saved nearly a grand when i switched deals! 100 quid is chump change B) They promise to be cheaper than the big six and stick to it - not the cheapest to the penny C) Having all the bills in one place and knowing they are all reasonably fair is a benefit to those who dont want to spend their lives scratching for the best deal all the time - life is too short - something the most expensive deals exploit! D) The grocery shopping mkt is restructuring and the 5% discount card goes down well with customers The offering is good as long as they maintain it - negatives are quite different I would have thought CFO leaving - sector is toppy - bkr trgt of 2000 is obviously punchy - 1500-1600 more realistic - DOW at top - geoploiticals - Water & Tobacco are defensives - Fixed Line Telecoms aren't etc etc Hard to call this one - will the business model hold in the long term - and what will the mkt/sector do short/medium term are the main considerations for me - I wouldnt be surprised at a 4th qtr bounce up to 1500 - but after that heaven knows ATB LM
15 Jul '14
Yep! Time will tell!
15 Jul '14
RE: RE: Rip Off
I think that you should be worried about cash generation and debt. Anyone can grow customer numbers in a market where commissions are paid to agents and profit can initially look good, but it really depends upon how much cash they have to service debt and pay dividends over the long term. I was surprised that their CFO is leaving - I would wonder why? I'm sure only time will tell who called this right.
15 Jul '14
RE: Rip Off
Well there's your answer mineyspider, results speak for themselves. Suggest you close that short, the SP has dropped significantly & surely will be heading up from here. Decent divi at these levels too, which forever increases!
14 Jul '14
RE: Rip Off
The deal might be cheaper TODAY, but will it be in a few months time? Was the UW price in conjunction with other services (The more you have the cheaper it gets) And sensible use of the Utility Warehouse Cash Back card will save you two or three times the amount you think you are saving by going elsewhere. Nothing wrong with the business model - the Company's results speak for themselves. Oh, and if you hold shares in this other company, do they refund you 10% of your annual spend with them? No, thought not.
11 Jul '14
I just went onto Uswitch to check my dual fuel energy bill. The results were: cheapest £1165.06 per year compared to cheapest Utility Warehouse deal at £1286.31 that's £121.25 more per year. When people realise that these UW customers can save more money elsewhere their business model will fall apart.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.