Utilitywise (AIM:UTW) - Great results from what looks like a cracking little business
The utility cost management consultancy (http://www.utilitywise.com) issued final results full of ‘Ups’ that, not surprisingly, moved the shares sharply higher. It looks an interesting little business but surely it's worth getting a full understanding of the market in which they operate before ploughing in?
Those ‘Ups’.. Proforma revenue was up 25% to £14.6m Proforma EBITDA up 25% to £4.7m Proforma PBT up 23% to £4.3m Proforma EPS up 39% Since listing in June 2012 the shares have slowly drifted higher and with £8m of cash in the bank it certainly looks an interesting story The results announcement offered a nice outline of the business Utilitywise specialises in energy procurement and energy management services for businesses. The Company negotiates rates with energy suppliers on behalf of business customers, provides an account care service and offers a range of products and services designed to assist customers…