Member Info for BillyRay

Morning all, Following all the news and what’s happening, just wondering how many of you will be buying more shares when the suspension is lifted? Just a little poll. I don’t see many people or hedge funds buying into this company so not expecting much upward momentum if I’m honest. It will be a long hold for those who own it. In my opinion.

Let me paint this picture and leave it with you all: Suppliers: Have TPI teams that are targeted on kWH volume added to their company portfolio. Brokers: They get paid a commission based on the annual usage either forecasted or actual. It�s not hard to see why both the supplier (TPI Team) & broker would inflate the usage figure. They both win, they hit their targets/make money and it�s the end user (client) that loses out, they have to pay the bill. Suppliers have sacked people for over inflating figures for the above reasons. If you work in the industry you will know & have heard the same stories for years. Utilitywise got greedy, that�s all.

Let's see what the results say (if/when they come out) I hope they have cleaned up their methods. I have a feeling that they have not fully done that but only time will tell. I suspect we work in the same industry but maybe not on the same side of the fence.

But what if the person (or persons) at the supplier end was over-inflating the EAC so the consultant got paid more. There is no way �7m can be overclaimed without something being wrong at the supplier end as well. This means the over claims can be across more than one supplier.

Actions speek a thousands words! Abondon ship.

As per my previous posts, this company is not in a good place at all. Their model is broken and the fact they are delaying the numbers just shows what mess they are in. They have cut so many staff (with payouts) that will hit the figures short term. At leatst 3 department directors have gone, loads of account managers (so this will impact quality of service and again profits as clients leave them) The was a clear push the price up to 70p for the big boys to take less of a hit (go back through the share sales at the period, its clear postions where being undo) good Luck if your holding this.

The cost cutting is to try & keep the perceived profit at a good level. They need to pay 7.6m back to a supplier for cooking the numbers on over claimed commissions so you would expect job cuts. (note: We dont know that they have not over claimed with other suppliers) I think the numbers coming out on November maybe better than expected (or at least in line with expectations) but I am not sure the city will have much faith in the reported numbers because of previous reported figures. Woodford is still in the because he can not afford to take a loss, his fund has had bad press recently due to performance. (disclaimer: I have money in his fund) so as soon as he can, he will get out of this but not for a loss. I doubt he has much interested in running an energy brokerage. I dont see that this company is any danger but I dont see its share price going past 70p anytime soon either.

If you holding this stock just because Neil Woodford holds a large stake in the company then you are holding it for the wrong reasons. Dont just focuse on the numbe of people losing their jobs (by redundancy), the sheer number that are jumping ship is also quite frightening. Cost cutting to keep "profits" and investors happy. Sales growth??

Hi, I know that�s how they get paid but looking at the information that�s out their, they are adding a lot of commission to contracts, 5p to 10p. Companies are going to notice that, its not a small amount of money. I can not see that they are going to get repeat business so they must always generate new sales which has become tough in a market that has a lot of competition. Staff are leaving, there are questions about the senior management and they are taking cash advances from suppliers, in the form of early commission payments. If the model was sound, then why take commission up front? They are cash grabbing to cover expenses and inflate annual growth figures, paying good divvies to keep the investors happy etc.. Short term (2 � 5 years) this company maybe find but I don�t see how this company with this type of model survives long term.

Morning all, Firstly I should say I don�t own shares in this company but have researched the company they came to a level that I thought looked interesting. However, having done a few Staff review searches on the internet (just to get a look at what�s going on inside following the over claimed commission, changes/improvements etc..) It pretty clears that that there is some major problems with this company and how it operates. Check out the following links: https://www.glassdoor.co.uk/Reviews/Utilitywise-Reviews-E860821.htm https://bizenergysaving.wordpress.com/2013/09/05/the-utilitywise-rip-off/ Appreciate that this could just be upset ex-employees but there are so many of these types of comments on line about the company that they cannot all be made up. They have announced new job opportunities but I suspect this a positive PR news story to keep up appearance There model of adding commission to business supply contracts is not one that can be sustainable for the long term. I cannot buy into this company based on the information that is out there, they got caught out with the �7.6m payback and I am not sure they will recover to the previous levels or pay future dividends.

It was showing a 32% drop this morning, must of been a tree shake as now its 9.68% up. It hthink alot of people are intersted in this on and the MM are on the look out for shares.

Where is everyone one in this chat room? anyone backing this?

Hi, i was just wondering whats peoples thoughts are on these shares? does anyone own any? i am thinking of buying some, what do you think?