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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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22 Jan 2014 16:23

Utilitywise non-exec buys three million pound stake

A Non-Executive Director of Utilitywise, a cost management consultancy, on Tuesday acquired just over three million pounds-worth shares in the group. Jeremy Middleton, who co-founded emergency repairs business HomeServe, bought 1.15m shares at 260.22p a piece, significantly upping his stake to a t

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22 Jan 2014 12:31

CORRECT: DIRECTOR DEALINGS: Utilitywise Non-Executive Buys 1.2 Million Shares

(Utilitywise has corrected the total shareholding of Jeremy Middleton.) LONDON (Alliance News) - Utilitywise PLC Wednesday said Non-executive Director Jeremy Middleton bought 1.2 million shares at a price of 260.2158 pence per share. Following this transaction, Middleton holds 1.8 mil

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22 Jan 2014 11:20

DIRECTOR DEALINGS: Utilitywise Non-Executive Buys 1.2 Million Shares

LONDON (Alliance News) - Utilitywise PLC Wednesday said non-executive director Jeremy Middleton bought 1.2 million shares at a price of 260.22 pence per share. Following this transaction, Middleton holds 1.8 million shares, representing 0.88% of the share capital. Shares in the utilit

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10 Dec 2013 16:17

Entertainment One Film President continues sale, Empresaria builds stake

Patrice Theroux, the President of Film at Entertainment One, has reduced his stake in the entertainment company with the sale of 259,538 shares. The shares were traded in at 239.25p a time for a total value of £620,945. The transaction followed two other share sales of 665,462 at 240.1p on Decemb

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2 Dec 2013 16:16

Multiple sales for Entertainment One Chief

Darren Throop, Chief Executive Officer of Entertainment One, has sold four rounds of shares in the international entertainment company, reducing his stake by a total of 785,789 shares to 8.4m. While 69,239 shares were traded in at 239.2p each, the remainder were sold for 241.1p, earning Throop a to

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27 Nov 2013 15:59

Coms Chief builds stake after 'significant' contract win

David Breith, the Chief Executive Officer of Coms, on Tuesday acquired 1.53m shares, which the same day climbed after the group announced a "significant" contract win. Breith bought the shares at 4.48p each for a total of £68,544. The telecommunications and information technology specialist has s

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27 Nov 2013 10:54

DIRECTOR DEALINGS: Utilitywise Non-Executive Buys 119,050 Shares

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30 Oct 2013 11:12

Utilitywise Shares Rise 7% As It Revises Upward Its Pretax Profit

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15 Oct 2013 11:50

Utilitywise beats full year forecasts with energy to spare

First final results from corporate energy consultancy Utilitywise were comfortably ahead of forecasts, providing evidence of progress towards its goal of profitably consolidating a fragmented market. The AIM-listed company grew profits 81% before tax and acquisition-related costs to £7.0m on turnov

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15 Oct 2013 08:36

Utilitywise Profits Buoyed By Increased Headcount And Contract Wins

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8 Sep 2013 20:13

Sunday share tips: Vedanta, Highland Gold, Barratt

The Telegraph's Questor column said buy Vedanta. The natural resources group has completed a restructure that could bring $200m of tax savings. Analysts at Liberum Capital also think the fall in the value of the Indian rupee could boost EBITDA by $455m if the decline persists to the end of the year.

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13 Jun 2013 07:01

Thursday broker round-up UPDATE

African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to

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21 May 2013 07:12

Tuesday broker round-up UPDATE

Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a

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