About Utilitywise
Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear with offices in Portsmouth, Redditch, Leicester and Bury St Edmunds. The company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise manages over 67,000 energy meters which have an overall energy consumption of approaching 16 terra watt hours per annum.



5 February 2014
Utilitywise plc
("Utilitywise" or the "Company")

Trading Update

Utilitywise plc (AIM:UTW), the leading independent utility cost management consultancy, today provides an update on trading for the six months ended 31 January 2014.

The Board is pleased to announce that the Company has performed slightly ahead of management expectations for both revenue and adjusted profit before tax in the period. As at 31 January 2014, the value of contracts secured but not yet live stood at a record £23.8 million from £18.2 million as at 30 September 2013 (31 July 2013: £16.6 million).

Geoff Thompson, Chief Executive of Utilitywise, commented: "The Company has performed well in the first half of the year, with a significant increase in both revenue and adjusted profit before tax on the previous year. We look forward to the remainder of the year with confidence".

Notice of Results
Utilitywise will announce interim results for the six months ended 31 January 2014 on Tuesday, 29th April 2014.

Still very weak.

Bounce coming as close to 200dma

Good results and acquisition of t-mac Technologies. 6 month pretax up 49% to £7.3m, 6 month rev increased 42%. Perhaps we'll start seeing some gains coming through now.

Finally breaking out here. Rerating...

Heading back to 200 day moving average at 253p, then 280p looks like the most meaningful short term point to get to.

Utility's shares suffered a sharp correction today following a trading update and news of management changes.

We liked this business when it first arrived on AIM and continue to admire its impressive sales mechanism. However, we became increasingly uncomfortable about its unusual, or rather unexplained, accounting treatment in terms of revenue recognition. We just wonder if today’s sell-off remains a reflection of the growing concerns surrounding this rather than simply a short term profit miss.

Read our latest free research note at http://tinyurl.com/ocawugl

For those of you you like a gamble Geoff Thompson sold out his remaining shares about an hour ago and has been driving the price down for months.

It's too risky for me as I can't work out if the business has any underlying value at all.

Could be worth zero, could go to 100. You know what these AIM shares are like.

I just re-read the accounts. Shareholder funds/net equity = minus £15m and that's after £17m of intangible assets and another £21m of "other non-current assets" whatever they are. I can't even be bothered to look up what the £21m of other non-current assets are.

I suspect being AIM it will rally to 20p before some overnight announcement moves it to 2p.

hits 2p. Another AIM disaster/fraud