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.

Eddison Research Limited 6/02/2014

Utilitywise’s trading update highlights that the business is growing slightly
ahead of management’s expectations, delivering on an ambitious growth
plan. We leave our forecasts unchanged, but update our valuation analysis
to provide an indicative price range. Currently Utilitywise trades on a PEG
ratio of just under 1.0x increasing to just over 1.2x at a price of 350p/share.
Year end Revenue
(£m)
PBT*
(£m)
EPS*
(p)
DPS
(p)
P/E
(x)
Yield
(%)
07/12 14.7 4.2 6.0 1.0 45.3 0.4
07/13 25.3 7.2 8.7 2.6 31.3 1.0
07/14e 41.7 12.6 13.0 4.0 20.9 1.5
07/15e 52.7 17.5 18.0 5.6 15.1 2.1
Note: *PBT and EPS are normalised, excluding intangible amortisation, exceptional items
and share-based payments.

Growth ahead of expectations
Utilitywise’s trading update for the six-months ending 31 January 2014 indicated the
company has performed slightly ahead of management’s expectations in both
revenue and adjusted PBT, driven in part by the rapidity of headcount additions.
The company also revealed that a key indicator of profitability, contracts secured
but not gone live, stood at £23.8m at the end of January, compared to £16.6m at
the end of July 2013, equivalent to a growth rate of 43%.

Delivering on ambitious business plan
We upgraded our FY14 figures at the end of October, following the FY13 results,
based on the expectation of a significant rise in consultant headcount (increase of
120 for FY14 to 400). While yesterday’s confirmation that Utilitywise is performing
slightly ahead of management’s expectations is welcome news, we keep our
forecasts unchanged and the risk to the numbers remains on the upside. We still
expect the company to make further acquisitions in 2014 that would add earnings
growth.

Valuation: Growth drives valuation
Utilitywise’s share price has performed well since the release of the full-year results
in October, driven by expectations of strong growth. To provide an update to current
and potential valuation metrics, we have considered PEG and DCF valuations as
we do not believe static valuation multiples sufficiently capture the potential growth
at Utilitywise. At the current share price, based on our forecasts for FY14,
Utilitywise trades on a P/E for FY14e of c 21x, (expected CAGR in EPS 33% 2013-
15) equivalent to a PEG ratio of just under 1.0x (based on historic P/E 31.6x). At a
price of 300p, the PEG ratio rises to just over 1.0x and at 350p reaches c 1.2x. A
DCF valuation, using a discount rate of 9% and a perpetuity growth rate of 2%,
would imply a share price of 296p, but a 1% reduction in the discount rate used, to
8%, would increase the valuation to c 345p.

What's going on here gf , big fall this morning on no news ?

Got out early.

Sames happening to a lot of stocks. Traders complaining about volatilty on twitter.

TUNG similar happening.

Think it looks like AIM stocks in general.

Maybe market top.

Aye or maybe time to pile in :-)

Well weve tried a few times at overcoming the all time high and failed on the FTSE 100 Dil.

Bloody nuisance all this high volatility.

Thank God I dont use stops.

These and TUNG gotta be one of the best shakeouts I've ever seen , what a bounce back !

Probably filling this order led to yesterdays drop and rise.

RNS

RNS Number : 4893A
Utilitywise plc
20 February 2014




Utilitywise plc
("Utilitywise" or the " Company")

Director's Dealing
Utilitywise, a leading independent utility cost management consultancy, was notified on 19 February 2014 that Geoff Thompson, the Chief Executive Officer of the Company had purchased 100,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 248.5p per Ordinary Share on that day. Subsequent to this purchase Geoff is now interested in 13,568,101 Ordinary Shares representing 18.7 per cent. of the share capital of Utilitywise.

For further information:

Utilitywise PLC
0870 626 0559
Geoff Thompson, CEO

Adam Thompson, COO

Andrew Richardson, CFO



finnCap (NOMAD and broker)
0207 220 0500
Matt Goode / Charlotte Stranner / Henrik Persson (Corporate Finance)
Simon Johnson (Corporate Broking)



Newgate Threadneedle
020 7653 9850
Josh Royston / John Coles / Hilary Millar

On a mission today , new high ?

I've been doubling up here this morning on the back of director buying lately

Good to see the pick up here. Results on 29th, not too long to wait to get a better idea of progression.

Yep chart looks primed for a recovery.

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