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It does indeed look like there is a large seller at the moment. Let’s hope it’s because they need to raise some cash, rather than they know something we don’t !

Now the accounting situation seems to have stabilised , I would have thought that UTW could be of takeover /merger interest while its trading at this very low PE. Consolidation within the industry would make a lot of financial sense.

I agree.

Hardly inspirational . The targets of 130 k customers by 2021 now look ludicrous as they managed just 1k extra customers, The customer numbers in Europe actually shrank which beggars belief. Surely, the time for constant spin and excuses is over BF. A few good bits in there , but the thought of a soft second half leaves me feeling flat.

My thoughts exactly, and I have been buying more this week. As this all seems to be so obvious, I am perplexed by what appear to be the constant sells. Unless the banks pull the plug, I cant see much risk at this price. As you say, they could shut the doors and retain a skeleton staff or a competitor could snap them up, lose the staff and make a small fortune.

I’m in agreement re the tosh and don’t believe he has a hope in hell of reaching it (although he reaffirmed it in his results presentation. Perhaps the last six months has given him some optimism. No doubt we will find out a bit more next week.

I was surprised to hear the CEO restate that he still expected to hit his target of 130 k customers by 2021. I am sceptical, however, if he pulls it off then the current share price will look like a steal.

That was a very interesting read . There was a lot of positivity in there, plus the mention of a very large tax rebate. Things certainly don’t seem as bad as the price suggests and I am surprised there has not been more buying as a result of this

In light of the fact that the loss of capital is primarily due to a change in accounting policy in respect of revenue, as explained fully in the nancial statements of the Company for the year ended 31 July 2017, rather than due to underlying trading reasons, the Board does not consider it necessary to propose any resolutions in relation to this matter at the General Meeting. The Board would, however, like to ensure that this matter is addressed accordingly at the General Meeting and, therefore, welcomes dialogue with shareholders on this point at the General Meeting, which will provide a forum for such discussions to take place.

It's worse than watching a slow motion car crash. Is there ever going to be any decent news ?

Having seen broadband mentioned on the UTW twitter header, I thought I would ask the question, and had it confirmed that UTW provides broadband services which they launched on Wednesday. No harm in adding some extra services if you know what you are doing I suppose !

chroniclelive.co.uk/business/business-news/utilitywise-finally-publishes-results-reveals-14444199 However, the Utilitywise boss did admit that the nervousness in the business had led to the company�s turnover of staff increasing slightly. ) Nothing to do with the fact that they don't like working for him then !)

I’m reading the outlook. It’s a big flashing warning sign. Sales outlooks should be improving, not shrinking.

With an outlook like this ,I wouldn’t be so sure. If sales were booming and customer numbers were exploding , I could see a glimmer of hope. But they are not , and to me that’s very worrying. “Outlook The Group has traded in line with the Board's expectation during the first half of the year ended 31 July 2018. The Board is particularly pleased with the performance of the Corporate division which has seen continued growth in the first half and is expected to continue to grow in the second half of the year. However, the significant delay in the completion of the 2017 year-end audit has had a somewhat destabilising effect on several key stakeholders of the Group, including colleagues in the short-term. Accordingly, the Board now expects the Enterprise division, in particular, to have a softer second half of the financial year, due to these short-term uncertainties. The Board remains confident of the long-term growth prospects of all parts of the business and is working to ensure that the impact on the business is a short-term one. However, it is now expected that the trading and, therefore, profit of the Group as whole in the second half of the financial year will be below expectation and will be lower than the first half of the year.

I tried to pick something positive out of it, but struggled. The outlook is hardly inspiring, and with the ceo blaming stressed stakeholders for a poor next six months, Imwonder if he has what it takes to run a company . Perhaps they just don’t like him ? No way are those 2021 targets going to be hit . The water business has added nothing to the pile, , the digital advertising is obviously not pulling in punters and in comparison, Inspired energy released decent results today. The UTW twitter header still says they do broadband when they actually don’t. All in all, a big shoddy mess.

I think that was mentioned in one of their presentations. I tried to clarify the broadband issue with the digital team and the answer was "That is something possibly we are going to be doing in the near future " In other words yes, or they would have said no ! (And it wouldn't be on their Twitter header.)

I was unaware that this is one of their offerings, however, the UTW Twitter header says... We're all about simplicity & we love making your business life hassle free. We take care of everything from energy to broadband so you can get back to business.

I am In complete agreement with you. The new CEO seems to have issues with his timekeeping. He set some very high customer targets for the year 2021 (100k customers if I remember correctly) If we don’t see a significant rise in customer numbers on this set of results (and if the customer numbers on the web site are correct , there has not been), then he will look like a total idiot . As an investor , I am really pi@@d off.

I’m hoping we will hear something tomorrow as we are at the end of the month and I see BFlatteey is off to Barcelona on Wed. If not.then it appears that this may drag on for some time.

The last few years there has been a trading update around now. I was hoping for one this week, however this audit seems to be taking forever. It feels like a Stewards enquiry when the longer it goes on, the more chance there is of the winner being disqualified.