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.. i think i favour your theory, it's that fabled share prophets magic dust ...
lol, i shall certainly do what i can!!
Next time you decide to misquote, can you please tip the rest of us the wink first? :-) GS
I seem to remember hearing that SP have a mock award for the bb Moron of the week/month/whatever. No prizes for guessing the tipster Complete Prat of the week/month/whatever. GS
187 and 193 resistance levels taken out. Looks like this one has really turned the corner.
I'd take Woodford's due diligence over a share prophets story any day.
Has a substantial holding in this company, much of it bought at a price far higher than the current level. That's good enough for me, I'm in this morning.
Probably explains the rise. GS
Did a write up this weekend. Not favourable either :(
usually try to get my quotes right, but seem to have messed up that one : ( http://www.theguardian.com/film/2010/aug/12/the-wizard-of-oz-google-doodle
Looks like someone heard GS
my beauties, fly!
Small Company Share Watch - a subscription newsletter that has a good reputation. (perhaps because its authors are LTHs in many of the companies they tip). It is absolutely not infallible, but its tips are worth looking at and its portfolios have performed very well indeed over the last umpteen years. GS
@techni - pleasure. o/T if you want another, similar but different, look at xlm. Happy to talk about that on their board as well. I suspect the jump here was also courtesy of SCSW which gave UTW a pretty good write up this month. If that is the case then the sp will probably drift back a bit (it usually does) , but with results out at the end of October and Woodford holding firm this still looks a steal to me. The icing on the cake would be a new, top class FD. I rather hope Neil is whispering in Geoff Thompson's ear.... GL GS
I presume just a technical bounce - welcome nonetheless!
good post
@david I have no idea if the price rise today will be sustained, so I can't comment on timing. All I can add to my earlier post on this board (immediately under this on titled "GS" is that I think the reason the sp is as low as it is is because the company has communicated its growth strategy really badly. This has meant that 2 recent results RNS' have triggered a fall in sp even though the underlying numbers are good. A lot of AIM is about managing expectations, and growing "a lot" is deeply disappointing when the expectation is "growing a very great deal".... Add in China and the woeful sp seems explainable to me. I have no real idea at present what the sp ought to be, but Woodford's average is way over 200p. If this stock was a darling of the market, and if the next results were ahead of expectations, a p/e of double what you see now would be pretty easy to justify. GL GS
i saw your post in the opay board about these, just going to start research now but on the face of things looks over sold, anything you think I should know?
Nice charting and fundamentals between you both,as usual...thanks and I'm here too :)
:-) Sort of what I thought re the trend (hard not to see that , but the neck/shoulders analysis is interesting. As you know from another place, I look for value/strong fundamentals and this seems to fit that bill. I doubt it will fly over the moon in the next few days/weeks, but I cannot see it staying at these levels for too long. Anyway I am long... Many thanks indeed - and maybe see you over here a bit. GS
@techni In no order, but just as they come into my head. UTW either charges fees or takes a slice of savings it finds when it advises corporates, large and small, primarily on energy and water consumption/usage/efficiency. It is part price comparison, part smart tech, part standard cost benefit/inertia selling. 1. Profitable 2. Cash generating (strip out the investment in futures) 3. 30,000+ recurring corporate customers and growing 4. Fragmented space and a consolidator 5. Neil Woodford has built a stake of 26% since he set up on his own. Long time fan and went public recently about his due diligence here (see below). He has it as a significant stake in both his funds. Not all is great however. 1. Revenue recognition is aggressive but acceptable (better than QPP anyway). 2. Penultimate results were short of expectations with the excuse being that UTW was taking advantage of an opportunity to secure ... etc etc 3. Last results were short of expectations because.... guess. 4. However after this Woodford increased his stake exactly enough to force an RNS (i.e. effectively restated his confidence). 5. 3 above was compounded by the half year results being announced in the heat (chill) of China which triggered a fall from the 220's to the 150's. UTW has no exposure there at all. I suspect that we will see a new FD at some stage as disappointing the City twice in quick succession is a no-no and smacks of poor forecasting. Nevertheless, for a profitable, cash generating, annuity business, that is growing quickly, in a consolidating space, with a top quality long term ii backing it to the hilt to be on its current p/e is imo criminal. I think the sp is resting on a solid support level and so it looks a roaring buy to me. There was an interview yesterday with the MD at https://www.youtube.com/watch?v=lTvI7Y9WsyM&feature=youtu.be - (first posted here by ddon1808) which might fill in some gaps. Oh, present company excepted, there are a couple of fairly sensible investors on this bb. They may add quality to the above. Love to hear your views GS
Good spot. Interesting to hear the man. Shame he was cut off short when faced with "you need to work on the sp". I guess he knows that....
https://www.youtube.com/watch?v=lTvI7Y9WsyM&feature=youtu.be
Not sure if this has been previously posted, but certainly an example of what Utilitywise should be doing ... Utilitywise has struck a deal with Royal Bank of Scotland to perform energy audits for the bank’s 14,000 SME business customers .. http://theenergyst.com/utilitywise-does-energy-efficiency-bank-job/
I buy a little bit more here, the SP drops a little further. Where is the floor? At least we now have a new director buy I see.