Member Info for GSmiley

This is so bombed out, that almost any bid above the current sp has a chance of success. And it is hard to see why any buyer would be remotely interested in either what the present management team thought or, for that matter in retaining them. It is not as if they have achieved anything. So no cosy option deal. The only problem is that it is hard to see why anyone would want to buy UTW...

GS

Hugely enjoying surge in sp. Most probably due to a big write up in SCSW at the week-end as well as the addition to its Portfolio 3. If you believe in 5G then FTC has to be one of the best bets around for a multi-bagger.
GLA
GS

Completely agree Velo. Put it another way - in the case of Kape, the market expects it to do something extremely positive with its cash. So your bullish analyst is in effect double counting. The only justification I can see for an ex cash P/e is where a company is devoid of ideas and will simply return it to shareholders.

GS

Why not go and troll somewhere else?

Thank you.

GS

Looks to me as if XLM has bought this on a p/e of about 12. Given that they will migrate the new sites to their own CMS one has to assume that there are significant cost savings to be had as well as the usual revenue increases XLM seems to be able to squeeze out of its victims. So, earning enhancing from day 1 means the p/e paid is less than XLM's current p/e and synergies whether in terms of increased revenue or reduced cost - and I would expect both - must mean that can only improve further. The company is flying, the sp is still lagging, the yield is good. What is not to like? GLA GS

Have been watching and waiting here and bought in on the last update. Imho the RNS today simply means the BoD thinks the shares are underpriced at present, which I take to mean they believe that the sp will rise with a further update or full-year numbers. Happy to be here GLA GS

Hi there - thanks but it was luck not skill. And there were a couple of sensible "readers" on that board. I am here for the yield - I have held for a long time and added on the dips. My average is about 78p and XLM sits in a dusty corner of my SIPP... Won't be posting here a lot as I am happy with the status quo although unless there is a re-rate, someone will come round the corner and buy the thing. Maybe as happened at PAYS... GL GS

Nope - but it is paid in $US so usually takes a few days to come through. GS

I think this is what is called a conundrum. I am not in, but waiting a bit so my opinion is probably worthless. Still here goes. I have little doubt the sp will end up a lot higher than it is today, but like other posters here I suspect it is 18-24 months away. The problem is what happens between now and then. The acting CEO (who was CFO) is by definition associated with the ex-CEO. There is no way he can plausibly disclose any accounting oddities in the next update as he was until a few days ago responsible for the accounting. The BoD have said that they are searching for a new CEO. Let's assume they hire outside - as opposed to confirming the acting CEO. If they do, then any new CEO worth his/her salt will conduct a full review to find every skeleton possible and will then "kitchen sink" them in a trading update. As in "sorry folks this is what happened before I came along, thought you would like to know...". If that happens the sp will fall a lot further before it recovers. In my experience "kitchen sinking" includes making provisions for things you do not really believe, but it allows a new CEO to build in some safety margin which can be released if future numbers are not quite up to expectations. So I suspect the sp is capable of falling a lot further but the worst may still be some months away assuming a CEO appointment in the near future. Which is why I am not buying just yet. GLA GS

...when I think a company is doing well. So, sorry folks but I think FLTA is flying. Thus far, it has under-promised and over-achieved. It has a mini cash mountain so today's acquisition is by definition earnings enhancing and I suspect the cost savings/synergies will be higher than stated in the RNS. This looks like one of those businesses that fits the saying - "where there's muck, there's brass". In my SIPP in place of PAYS. Let's hope it does as well. GLA GS

Not a lot of detail, but a sizeable acquisition. Earnings enhancing is always good, diversifying away from gambling is also necessary for the continued rise in sp imo. Given these acquisition/integrations have been well managed int he past, I think this will be well received today. GLA GS

Advice on bb's is free and should be taken as such. This is free advice... I would be inclined to hold on to your shares and tough it out. The management, despite some posts on this bb to the contrary, had a very good track record before it arrived here (mainly within the last 12 months). Management is nearly everything. The market needs this kind of service. My business uses UTW and they do very well for us. UTW is well positioned and if you read the RNS of the day before yesterday you will see that behind all the FRS stuff gross order book additions still rose 18% year on year. So there is growth in the business. The market cap is about 50% of revenue and the P/E on the ongoing business (strip out the one offs which all relate to the years of Thompson's inflation) is in very low single figures. Which is ridiculous for an intrinsically profitable business that I believe will return to the dividend lists in the foreseeable future. I am happy to see broker forecasts of £1, but the average broker forecast is not worth the paper it is printed on. My private target is about £3.50 in the next 24-36 months - I accept that my forecast is not even on paper so is probably worth less, but my money is where my mouth is. Thompson is unlikely to sell at these prices (imho) Oh - and you selling now guarantees a loss, which is what the average pi tends to do. There is still precious little downside at these prices and I always like investments with odds like this. GL GS

Too early to gloat, but I get this sort of timing right so infrequently, that I have allowed myself quite a broad smile. The more I read the RNS from yesterday, the less worried I get. A restatement of income does not reduce a company's lifetime profit, it just redistributes it over different accounting periods. As a result I for one am delighted that the accounting is more conservative than in the past. I still think the management team is stronger than at any time in the past and I cannot wait for the final passing of Thompson. I imagine Woodford will quietly see to that. I bought more this morning and I still think this will be a multi-bagger from here over the next 12-18 months. Well worth the wait. GLA (he said, feeling a bit smug) GS

"The progress Utilitywise has made to date under Geoff's stewardship as CEO and later as Executive Chairman has been remarkable..." what exactly does "remarkable" mean here? "I am delighted that he will remain on the Board as our Non-Executive Chairman." Translation "I am thrilled he is no longer Exec Chairman, the man is a liability, shame he owns so many shares or else he would have gone by now..." "I have no doubt Geoff's experience and counsel will be of substantial benefit to the business moving forward..." I.e. just because someone has an opinion does not mean we have to act accordingly" "...and I look forward to working with him in his new capacity." "which as non-exec chairman means little or not at all" Am I missing something? As for changing the BoD both the CEO and the FD know what they are doing and have successful track records. The Chairman is surely going - already half out of the door etc etc. There are (I think) ten members of the BoD counting the CoSec. Of these 5 have been appointed within the last 12 months. So you are getting your wish. Anyway - I have been only too happy to buy in (quite heavily now) at an average of 35.4p. Cheap at the price and if/when UTW returns to the dividend list a multi-bagger in the making methinks. GLA GS

I assume you are being serious. If so, the way it works when someone is demoted, is that that the new big boy on the block (Flattery) says nice things in public. He can hardly say " your exec chairman is a prat and I am thrilled he is stepping down" otherwise the question as to why he is remaining in any capacity might be raised. I would guess that Thompson will disappear fairly soon and be replaced by someone a little more "acceptable" GS

...should now all be out of the way I think. So for me it is time to buy. Order intake is up 18%, the revenue restatement is overdue/sensible, the dividend will return and the sp has over-reacted to the point where the shares look cheap. GLA GS

Like BB this has been a wonderful share for me. There may be an improved bid, but the risk of the bid being fought off and the sp falling is too great for me not to take the money. For the first time since its initial float, I now have no holding here at all. On to the next one.... GLA GS

I can't imagine he is really bothered. Tiny part of his portfolio. He is almost certainly the force behind the management changes - and there is a good team there now - and he is a long term investor by nature. He will sit on his thumbs, take up any rights that come his way and wait for it to come good. And the management team - which would not have joined without his confirmed support - will have talked all this bad news through with him long before we all got to hear of it. Glad I took my own advice to wait a few weeks before buying more, but I suspect in 24 months time 60-70p will look ridiculously cheap. GLA GS

No they are not mixed up. FY2017 ended on 31st May 2017. They are just saying that trading in the current quarter will be similar to trading in the quarter just past. GS