Updates

Utilitywise - Fincap forecasts 25.7p for next year

November 2014

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.

Results were as good as expected at Utilitywise, which provides business customers with a price comparison service for gas and electricity, helping the shares back over £3. Revenues once again grew strongly, up 93% to £48.6m, comprising organic growth of 63% with the rest from acquisitions. Pretax profit and eps went up 76% and 58% to £13.1m and 13.4p respectively.In future Utilitywise will present across two divisions, Enterprise (SMEs) and Corporate (large industrial users). Revenue from the Enterprise segment increased by 68% to £40.1m, and the Corporate segment tripled to £9.9m driven by the consolidation of the EIC acquisition.At the year end, the SME arm was managing the requirements ...

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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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