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I am an employee of utilitywise. I just want to shed some light on numerous situations surrounding utw plc. Firstly
- redundancies. We were devastated to lose members of our telesales management tea however the decision by the company is totally understandable. Team managers were over populated compared to telesales staff we had. Couple this with the shrinking market for telesales I feel the decision had to be made.
- utilitywise results are iminent I work on a channel that is not only hitting but massively exceeding targets set by the company. We currently do a third of enterprise revenue generation and are positively professing month on month. The processes we now have in place mean that revenue protection is a key focus which will result in less loss of revenue for utilitywise. The rumours you have heard about all staff being made redundant, renting out half the building to another firm are completely unfounded and untrue. The business is not as big as it once was in terms of bums on seats but the people we have in key positions in the company massively out weigh the old regime.
I see the revenue that is done month in month out by utilitywise as a whole and can only see an increase in share price once results are announced. I can totally understand why people could be sceptical to buy or people that are already in, worrying about their investment but take it from someone who works within the company. That all the scare tactics you hear are from begrudged ex employees or direct competition. Great investment opportunity
UTW appear to incapable of producing any type of report in a timely manner. . No doubt, when it comes it won’t read well , and the CEO will tell us all about the bright future of his new cleaning services offering or some other gibberish. Lateness has always been my pet hate and this company seems to excel in it.
It didn’t actually cost them anywhere near that much as it was conditional on T-Mac hitting certain targets (which they failed to do).
Acquisition of t-mac Technologies for £10m in cash & shares. And we are only worth 4 million now , joke really.
Another week goes by and still no news (good or bad). Interesting to see that INSE have just bought Inprova. 6 x profit. Nice deal for both parties. UTW can only watch from the sidelines. To think that UTW were once worth 25 times what INSE were and now INSE are worth 25 times UTW!
I am (unfortunately) invested
If there was good news it would have been released
no news is bad news
If the market cap is so unbelievably attractive then the question is why have no competitors made a bid? If they legitimately have 33000 customers with an average revenue gen of £1500 per customer, that puts their client book value at near £50 million. If this was a true reflection of the enterprise value that would have made them an attractive proposition at 8 x the current share value. Many competitors do have that cash floating around, the vast majority of suppliers easily have the capability to put that sort of cash together, the former owners also. So again the question is why has nobody within this industry stepped forward, absorbed the client book and dissolved the infrastructure? It is obvious and apparent that the industry has turned it's back on this and sees a potential 12 x return as to risky, so why would the average punter continue to take a risk!
You would think not with such a low 4 million odd market cap , I think we have just gotta be patient with this one , it would be nice to hear something this side of Christmas tho. Great entery price for the brave
For news this week or perhaps next week but failing that I can’t see news being issued this side of Christmas. Our SP can’t go any lower, can it ?
I agree that does not help , they have always have had that no new unless really needed policy. Very annoying indeed , the odd tweet hype would do wonders lol , just look at David Lenigas and Donald Trump it works for them to stir the hype up.
Once resurance as been sertified then we shall see some nice gains.
Maybe alot of investors on the side lines awaiting that all important conformation that yea its been bad but here you are its not that bad and the recovery begins , maybe im just more optimistic as im duluded by what ive been told by the person i know who works there lol and no they are not high up in the rankins and i know they wont know financial info but the posative vibe helps lol
If you research the 6 small energy firms that have gone bust in 2018 then you see their problems are not related to UTW problems, Gen4u only even had 500 domestic customers. They went bust because of stinging regulation from the government enforced price cap on standard variable tariffs.
Utw have a great customer base , Strong business base and if you look at the last update we even trimmed our debt
We made a just over half a million profit at the half way point in 2018 compared with a 13.2 m loss in 2017
Utl problems have been heiglighted a while back and have been working hard in cutting unecesery roles within the company and concentrating on rapid future growth to 2020
I think once the auditours have sorted the books out once and for all then utw can focus on getting back on track regarding share price.
The 6 energy firms going under this year , uncertanty sets in.....the panic, old director just dumping stock , investors got spooked and without even thinking just dumped there own holdings , but once the dust settles and the realisation that the company is not going under and are actually pushing ahead with changes to their policys ect and focusing on the future then the price will just go crazy. Only time will tell , best time to buy maybe now while we are in that dull period waiting. 4 million market cap , great revenue , debt coming down , is it to good to be missed , maybe worth a punt. great entery price - Multi bagger? Best performing aim stock of 2019 possably with there turn around. Who knows, well we will soon!!! Good luck
Not a lot of fact available and even the share trading info is often wrong. Ive bought and it shows sold and ive sold and it shows bought. Be caeful if using this source to make decisions
hi..still in.. am not selling at a loss no matter how long takes.. at this price on a multiple of x4 (private) it equates to just a 1-mill profit...and as a plc say x10-20...thats not large either..so even if onky a fraction of what they did begore..the value today does not reflect take out value...so only see upside..,any less in price and i might buy it myself
That was to spenda
You still in mate ? I'm in 10 grand now , the down days and waiting make me nervous , still think this could be a good recovery if things don't turn out that bad , are you in for the trade or longer term , all the best anyway for us all . Should hear something soon
Agreed. 8 of their employees attended so add-in the cost of train tickets, hotels and lost productivity and you have to wonder who’s managing the purse strings.
I think you miss the point. The cost is only £295 to enter and the nominations are self-submitted up to 12 months ago. The board of directors will have absolutely nothing to do with this. This will be part of the 'day to day' duties of the members of the "health and wellbeing team". The point is not the cost of the £295 fee but rather the salary's of a team that does not directly add revenue - one of many such teams at the company. When sales staff numbers have drastically decreased this can not be justified and is systematic of the poor management and inflated costs.
I would be inclined to agree. There is little point over spending on non productive jobs when they are struggling with cash flow. I find it baffling as to why the company is being run the way it appears to be.
They won silver , which is posative sign maybe as if the company were ready to fold , would they really be paying out to dine out and try and win anything. It's like business as usual and ready for the big turn around for 2020 , massive recovery stock 4 million market cap , just need that all important RNs , worth a punt maybe??
I'm assuming the link to the twitter page is in reference to the European Contact Centre Awards? So this is a self-nominated "awards" ceremony where any contact center or customer service department in Europe can pay an entry fee of £295 and attend/nominate themselves. They then submit their own 50 page document on why they should win. Much like the U9's youth football teams of today "everyone gets a trophy". It says a lot when a sales organisation "wins" an award for "best health and wellbeing program". The argument could be that this just plays into my (and a lot of people's) opinion in that there are far to many mouths to feed at Utilitywise. For a company in the situation they are in then these inflated back office costs should have been scrapped long ago.
Hope for the best but prepare for the worst......with today’s movement I’m
Hoping for the worst but preparing for the worstest..... I know it’s not a proper word but you get the gist....lol
Boy I do pick em......
My 5k 270 buy is showing as a sell
News tomorrow? Flipping well hope so.... the numbers are almost out of date .... lol
Gla
If the buyers take control could be a good uplift