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Utilitywise hikes yearly dividend, names new chief operating officer

Tue, 27th Oct 2015 14:44

(ShareCast News) - Business energy and water consultancy group Utilitywise lifted its full-year dividend by 25% to 5p on the back of a sharp increase in pre-tax profit.In the year to 31 July, the London-listed company posted pre-tax profit of £14.1m, representing a 20.5% year-on-year increase, while revenue soared 41.3% to £69.1m.The significant upturn in revenue boosted gross profit for the year, which rose 35.3% year-on-year to £30.3m, while earnings before interests, tax, depreciation and amortisation grew 22.7% to £17.8m.In a statement released on Tuesday, Utilitywise attributed the growth in revenue to the continued increase in the number of customers, which stood at 26,000 at the end of July compared with 10,000 when the company announced its initial public offering four years ago."We have slowed and refocused our recruitment in recent months to ensure that we have the highest quality of staff capable of delivering our trusted advisor strategy effectively and increasing our new customer conversion rates," said group chief executive Geoff Thompson.In separate statement, the group has also announced improved commercial terms with a major supplier for its extensions business, whereby 80% will be paid on the extension signing."This is good news and results in a £3.6m cash payment taking pro-forma gross cash to over £10m and reduces the accrued income line by 13% as well as further closing the gap between cash received and income recognised," analysts at FinnCap said in a note.Meanwhile, the company confirmed the appointed of Brin Sheridan as its new chief operating officer."Brin brings a wealth of experience from his previous roles and will be integral in ensuring that, as our range of products and services grows, we are well-placed to continue on our growth trajectory," said group chairman Richard Feigen.Utilitywise shares were down 4.88% to 167.40p at 1503 GMT on Tuesday.
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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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