The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
But the tea leaves told me nowttttt.... I guess you pays your money and takes your chance...
I’ll have a cup of tea and see what the tea leaves have to say when I’m done..... lol
Could do with a positive statement from the company about now.
Not really bothered what it says. Something that implies control and confidence.
Decided to buy a few more....good luck all
I've doubled up my holding at 9.4p.
Probably a mistake but, since these were £2 a share in December 2016, the drop feels like it could be done there.
What are the chances of this ending the day blue? A lot of buying going on here.... honestly you couldn’t write the script....
Thanks to the old CEO, I've bought in
Again looks impressive.
Richard Laker, 41
Chief Financial Officer
Richard was appointed as a Director and CFO in January 2017. He joined Utilitywise from Augean plc where, in his role as Group Finance Director, he helped oversee the implementation of a new strategy, delivering double-digit annual growth in profit, operating cash flow and ROCE. Richard was previously at Northgate plc, where he held a number of senior finance roles between 2004 and 2014 including Group Financial Controller and, most recently, UK Finance Director. Prior to joining Northgate plc, Richard was at PricewaterhouseCoopers LLP where he qualified as a Chartered Accountant in 2001.
Nows the tome to deliver - Good track record
Brendan Flattery, 53
Chief Executive Officer
Brendan joined the Company as CEO in October 2016. Prior to his appointment, he was at The Sage Group plc for 13 years, where he held roles including CEO, UK & Ireland and Managing Director, Small Business & Mid-Market Divisions. In his role as President, Europe he was responsible for leading a 7,000-person business unit operating across 11 countries and generating annual revenues of around £800 million from a customer base of more than two million.
Prior to joining Sage, Brendan held senior positions at Yates Group plc, Intercare plc and Park Group plc, and has also run his own small business.
The Ex CEO just dumped 4.5 million shares today and in total 10 percent of the company in the last month or so. Surely worth a look at a recovery here, debt a little concerning but this is a profitable company that was over 300 p before rev rec issues.
Worth an add to the watch list as a minimum. High risk, maybe high reward,
Get ready for this to bounce back - low SP due to the amount of sells, I cant understand any other reason why. Time to jump all over this and hope for good news!
Allthatglitters , could get a nice bounce here. The shorters will have known he was selling and taken full advantage they will have to buy back. This could be fun.
It has. The share price has dropped off a cliff as a result.
But I just mean that he dumped his remaining shares today comeonvog.
Highest vol in the last twelve months was 5.5Million. Today: 10.2Million already!
He still had 6% + on the 2nd Nov
Thank you:
"The amended facility has replaced the leverage covenant with a cash-flow based liquidity covenant, which is based upon forecasts that have been shared with the bank in respect of the Group's plans for cash generation over the coming months."
Allthatglitters , not dumped all today , this has been going on for months .
Woodford Funds still holding.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UTW&ArticleCode=p5gp71ob&ArticleHeadline=Amendments_to_banking_facility_agreement
May be the best you're going to get.
Does anyone have information on the terms of their £15m debt load?
Certainly accounts for a lot of the fall, yes. He had 6% of the shares in issue and has dumped them all today.
Brendan Flattery is the new CEO.
Tempted but it could be a foolish punt, Just read up gain on Stockopedias view after the last results, their last line:
"Given the scale of today's shortfall in order book, I think there's a risk this company could go bust, hence I regard it an uninvestable"
I'd Best step away from the keyboard....
Geoff is out, No news is good news - still a very cash rich company. No profit warnings even though they're accounting to new IFRS. How can no one see the positive?
Something has to have been leaked on this one. Wonder when it will be announced???
The one that left.
Looks like he's sold out with that final 4.7M flourish.
I'm back in.
A 4,734,414 sell just went through. Same amount Geoff Thomson had left, could get that bounce now.