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Utilitywise - Consultant number rises to 259

May 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • UTW
  • Price:
  • 105p
Utilitywise, which offers business customers price comparison services for gas and electricity has issued good-looking H1 results to 31 January.Given that there has been a step change in the cost structure last June, when the company floated and moved to a larger office and consolidated three smaller ones, it makes sense to look at performance sequentially against the previous half-year. On this basis,  Utilitywise has recorded revenues up 40% to £10.2m sequentially with pretax profit up 53% to £2.09m (eps was 2.4p). Net cash stands at £5m.Utilitywise is an energy “middleman” or broker and as such is not selling its own energy; instead, it has “whole of market coverage” and sup ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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