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Share options released yesterday (some possibly selling), and also ex Deputy CEO who left recently could be selling out his stake (Think he had around 1m shares)
Reading other forums (with some who have contacted the company) there is no reason they are aware of, for the price drop. A trading statement maybe given next week at the AGM
I agree Goldenboy, Woodford and director buys at considerably over 2.2 are keeping me in, personal target of anything over 2 depending on news on this movement and AGM results. With such a considerable drop while retaining a tight spread, fingers pointing at a large sell I'd imagine. Question is, if so, what are the reasons for selling?
Geoff Thompson is CEO, not sure if his son is still involved in the business. Board members:- https://www.utilitywise.com/investor-relations/board-members-and-committees/
Pretty stupid as UTW can see the price dropping. Is the company still run by the father and son?
Classic flush out imho, I bought on the drop, been watching this for a while.will keep until nw sells or directors sell. Think they all paid 220+, got a reasonable dividend I recall. Got 240 as my target
Recovered to 1.3 buy now back to 1.26 now to 1.23 as typing, odd indeed. Can't wait till the AGM for news which affects the share price to this extent.
Pretty stupid as UTW can see the price dropping. Is the company still run by the father and son?
SP recovering a bit at the mo. May only be temporary though. I gather the AGM is on the 15th, hopefully there will be an update on trading.
Everytime I regain confidence in the AIM market, something happens that reminds me its a Wild West with the PI's last to find out about price altering news every time. Not impressed. Shares should be suspended if this kind of behind the scenes information is out there, worrying that there should be another drop when the news is officially released.
Nasty. I nearly stuck a stop loss in yesterday evening, with hindsight i guess I should have done. The share has been in a nasty down trend for too long now.
I would love to know too. Pretty stupid that even UTW have not put out a statement so far
Buy at 1.20 now, down 15% today alone with no news. Any thoughts?
If the city knows something then shouldnt there be a RNS?
imo the shorters are winning the game here, and expect to see them targetting a quid, not hanging around to find out. £100 loss I can take that
This is most odd, there is nothing I can see that explains this continued fall. I assume the city knows something we don't. the cashflow problems have been satisfactorily explained to my mind and the figures as they were last released were good. no idea what is happening so wont be buying any extra even at this price because I don't understand the reasons so cant decide on a value.
Rather painful to watch. I cant fathom a reason for it so have added a few this morning.
Any reason why the drop?
Fortunately my average was zero until a couple of days ago when UTW looked almost irresistible at around 140p (notwithstanding cashflow questions) and I added some. Which is the same as saying that imo selling at this price is very likely a mistake. As for arsenalxx - anyone who professes to be out and still posts spite at 00:04 am is either very bitter or has an agenda so I would be inclined to ignore him/them. I think reliance on recent RNS's is probably safer. GS
I am hanging around here too, at least until the spring. I can't see it going much lower than 140p. I had thought about doubling up to lower the average to 170p, but had my fingers burned with Globo, so I am reluctant to part put any more cash in here. Likely scenario is that I sell in March for a small loss, during which time my other shares will have risen and after which UTW will skyrocket!!!! This really has become a divisive share in which to be invested. Woodford is no fool and is obviously invested here long term.
I'm hanging in here too. Last I heard was that they're adding 1000 new customers a month, so as of now I still believe things will turn for the better with time.
not me guv, sold much higher and bought back in other day, no doubt about it though if this level doesn't hold I'm off until we can get a change of sentiment. Lack of trust in the numbers but Woodford seems to
Are you lot still living on a wing and a prayer!! "Oh well sorry to say told you so " !! Sad old xmas for kids and grandkids if your relying on this pig for the prezzies don't reinvest the dividend you might need it to put the bird on the table This isn't a dig for all to read but the mockers and know it alls will know who they are Loool enjoy and good luck to everyone else.
Is it ever likely here? 36% down from my avg, can't/wom't avg down anymore.
I just understand why the slide....