Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
over half of revenues received through supplier commission... hmmm.. seems worth flagging "Accuracy"
eishhh... this is approaching their IPO... :(
oh of course it'll survive the corona-virus, no doubt (just like Utilitywise survived the first the time it's share price was suspended.. 12 months before it went bust!)...
but a business model based on a customer increasing their consumption is something it probably wont.. so let's all deny the reality.. but i'd rather hope for a more diversified business model (i just don't see it in their acquisitions).
all i can say is, i lost a lot of money on Utilitywise collapsed, looking back the hallmarks were all there..) INSE could be different though... couldn't it?
i'm not sure why the motive's relevant when the facts are so clear!
staggered that people are still buying this and more people not dumping it... 2 reasons...
do people not get the link between: the very high level of revenues received from commissions driven by customers kWh consumption AND the imminent closure of UK PLC for a period of time due to COVID-19...
for the same reason, (as above) a business model dependent on consumption VS the tidal wave of support for Net-Zero = much lower consumption..
for different reasons but similar outcomes, this looks like another Utilitywise in the making.. lets hope not, but i hear popping in the near distance.
i take your point, but i'd really encourage you to re-read the RNS. its interesting, i have a completely different take on it. if you forgive the management-speak-bingo that inevitably goes on, this strategy update indicates a seismic shift away from the historical stuff which has ultimately frustrated progress over the last 3 or so years.
increasing automation of sales, inbound focus rather than the churn of outbound, consultative sales. its all good stuff to me. i think this provides some big hints at some significant things to come... time will tell.
wow, there's credibility and ethics for you...!! they take millions and millions out the business, a business which they set up in a way which is now sorted thanks to the new board, and then as the corner is turned the crooks and cronies turn back up as the self-purported saviors to something they created! and GT is still a major shareholder i see..!!
you said literally 3 months ago...: 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. ...talk about flip flop!
Simply an impartial observer listening to he mumurings of aomeone with their head in the sand (with rose tinted specs on). Here’s a question (and be honest) are you in anyway affiliated with INSE? Whilst you ponder how you can craft an “honest” response without implicating yourself Consider this - I don’t have a stake in either stock but before I was to take a position in either I would want clarity (with data and evidence) on how there recognised revenue. I now have this very clearly from UTW, but certainly not from INSE. It’s your money pal.
how can you not see that INSE is propped up with the exact same rev rec aggression that UTW has now firmly moved away from. this is a UTW waiting to happen, fortunately thats now sorted and according to the Chairman UTW have a diversified service offering which will support future cash flow which is what companies are valued on - rather than just filling the order book with contingent liabilities!
cash flow unaffected (in fact positive growth), economic performance unaffected = valuation unaffected. this is just bean-counter/accountancy technicalities within the context of a woeful auditor. what RNS are you reading?!