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  5. Utilitywise hikes dividend after strong year, strengthens board

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Utilitywise hikes dividend after strong year, strengthens board

Tue, 18th Oct 2016 09:12

(ShareCast News) - AIM-listed energy consultancy Utilitywise hiked its dividend 30% and hired two new directors after an encouraging year in which revenue grew strongly and new partnerships raised expectations.Revenue increased 22% for the year ended 31 July, to £84.4m, compared to the previous year which resulted in a 7% rise in pre-tax profit to £17.7m and diluted earnings per share edging 3% higher to 18.5p.Net debt almost halved to £200,000 due to improved commercial terms with energy suppliers and with strong operating cash flow generation, cash doubled to almost £13m at the year end.The total dividend was upped 30% to 6.5p reflecting the board's confidence entering the new year.The Newcastle-based company, which at the start of this month appointed Sage's Brendan Flattery as chief executive while founder Geoff Thompson becomes executive chairman, reported a 35% growth in its enterprise order book to £84.5m and a 23% increase in UK and Ireland customers to 32,000 while international customer numbers rose 49% to 6,500.After agreeing a partnership agreement with Dell in April to introduce internet-of-things building automation solutions to customers, since the year-end the pair won a contract from Walmart's Asda to deploy Utilitywise's Dell-based 'Integrated Technology Management Solution' across its UK estate.On Tuesday, the company also announced that chief financial officer Jon Kempster will be replaced by Richard Laker, ex of Augean and Northgate, with former British Gas sales and marketing director Simon Waugh also joining the board as a non-executive director. Thompson said he was "pleased" with the progress the company was making in creating an offering with "no direct comparator in the industry"."The strength of the procurement offering has provided a great foundation to make significant investment in our wider energy services capabilities allowing the group access to significant growth opportunities going forward."This period of investment has positioned us very well for strong and sustainable growth with our broadened and differentiated offering."Shares in Utilitywise were up 1.88% to 130.15p at 1012 BST.
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14 Feb 2019 12:21

Utilitywise shares suspended as it calls in the administrators

(Sharecast News) - Utilitywise announced on Thursday that Andrew James Johnson and Chad Griffin, both of FTI Consulting, had been been appointed as joint administrators to the firm.

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13 Feb 2019 18:29

Utilitywise Appoints Administrators After Failure To Secure Sale

LONDON (Alliance News) - Cost management consultant Utilitywise PLC said late Wednesday it has been unable to sell the company and, as a result, has appointed administrators.The company a a

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13 Feb 2019 10:48

Ex-CEO mounts rescue bid for ailing Utilitywise

(Sharecast News) - A bid to save the future of business utilities consultancy Utilitywise was launched on Tuesday, by its founder and former chief executive officer Geoff Thompson.

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28 Jan 2019 10:24

WINNERS & LOSERS SUMMARY: Ocado And M&S Rise On Delivery Deal Report

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - Group, up 3.8%, Marks & up 1.9%.

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28 Jan 2019 09:48

Utilitywise To Consider Offers As Investors Shun Equity Raise (ALLISS)

LONDON (Alliance News) - Cost management consultant Utilitywise PLC on Monday put itself up for sale, after not getting enough interest in a fundraise.Shares were 62% lower on Monday at has

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28 Jan 2019 08:16

Utilitywise looks to sell business as funding runs dry

(Sharecast News) - Utility cost management consultancy Utilitywise announced a review if its strategic options in order to deliver maximum value for its stakeholders on Monday.

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4 Sep 2018 10:32

WINNERS & LOSERS SUMMARY: Alfa Financial Sinks After Contract Delays

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------DS up 1.3%. a

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5 Jul 2018 11:16

Utilitywise Moves Forward With Further 2021 Growth Strategy Targets

LONDON (Alliance News) - Utility cost management consultancy Utilitywise PLC said on Thursday that following its completed 2017 audit process, it will now focus on the targets for its Strategy for

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3 Jul 2018 10:40

WINNERS & LOSERS SUMMARY: Glencore Sinks As It Gets US DoJ Subpoena

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - down 12%. The miner and commodities trader said

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3 Jul 2018 09:08

Utilitywise Shares Rise As It Joins Partnership With Vodafone And Dell

LONDON (Alliance News) - Shares in Utilitywise PLC surged on Tuesday as the company said it partnered with FTSE 100-listed Vodafone Group PLC and Dell EMC to launch an new energy and building were

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12 Jun 2018 16:10

Utilitywise Hires Ex-American Express Vice President As Non-Executive

LONDON (Alliance News) - Utilitywise PLC on Tuesday appointed Debra Davies as a non-executive director, effective from July.The utility cost management firm said Davies spent the last 28 am

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9 May 2018 16:12

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 10 MayConvaTec GroupArbuthnot Banking GroupAvivaBAE Line Point Social 11 14

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23 Apr 2018 11:16

Utilitywise First Half Profit & Revenue Rise On New Customers

LONDON (Alliance News) - Utility cost management consultancy Utilitywise PLC said on Monday its profit registered double digit growth on higher revenue, with increased customer numbers and new the

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22 Mar 2018 14:35

Utilitywise Swings To Loss After Changes In Revenue Recognition Policy

LONDON (Alliance News) - Utility cost-management consultancy firm Utilitywise PLC on Thursday swung to a full year loss after a change in accounting policy regarding revenue a

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14 Feb 2017 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

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