Member Info for moneyspider

Just like being at a casino - I usually lose out there too......

The fall was too great, so I am expecting little value in shares means more value than current.

Still can't buy anymore that £1k worth - the MM's must be wanting to keep hold of the shares.

These shares should have been suspended until they have sorted out the mess.

They have said the equity has little value. I suspect that their lenders have a charge over the business and that the cash generation is not enough to keep going so they need to refinance the group. If you a new lender, why would you give any value to the equity.

I was being serious - he could have said a lot less. Only a few months ago, they would have known about these issues. Time to change the board.

Brendan Flattery, CEO of Utilitywise, added on the 4th April: "The progress Utilitywise has made to date under Geoff's stewardship as CEO and later as Executive Chairman has been remarkable and I am delighted that he will remain on the Board as our Non-Executive Chairman. I have no doubt Geoff's experience and counsel will be of substantial benefit to the business moving forward, and I look forward to working with him in his new capacity."

Don't think that you would be able to get any redress here, but morally Thompson should return the money he stole. That would save the company and help us shareholders out.

Agreed and he has taken out more money than the company is worth. Woodford needs to act.

The Net asset value is 11p - so I wouldn't buy yet. Need also to get rid of Chairman. Bunch of lying thieves.

Get's over £230k a year for part time chairman and has made a mint! He should be made to resign and give the money back. We have been misled.

So if this is their main supplier clawing back and adjusting sales, then what about the other energy suppliers who they provide sales to? It is likely that more will take a robust view after reading this and more losses may come out. I can't see this business with all its debt being attractive. Ofgem are also changing the rules all of the time to support business to change supplier and not be held to long term expensive contracts. A Quindell indeed - think that this will be sold to someone soon for a percentage of its debt.

When you look into the history of this company, the founder sold a huge chunk of shares and made himself a lot of money. He must have known about this potential problem coming up and should put that money back into the business to help us shareholders who have been lied to. This company is an AIM shame.

I am not confident that this won't affect other contracts. How did they get this so wrong the BOD must be very worried. The price will plummet!

Got to be a going concern risk now. Company please provide an update???

Drax buys Opus for £340m. If you compare this to Yu Group - how can they be worth £46m????

Nice £71m windfall for the company, gives them a war chest to grow the business

Totally agree, way over priced at this level. Looking at their business in more detail, they are trying to compete with the Big 6, but unfortunaley with rising wholesale energy they now have a challenge. BG are also offering a best price match offer to customers. All very quiet from the company - I would like to see the growth numbers!

With pressure on smaller energy providers - GB Energy going bust, this in my view will be good for ETP - they will be able to mop up the customers. A good future lies ahead.

With Ecotricity now owning 24% of the company this looks like a takeover target. Any views??