On course for FY17
Utilitywise’s (UTW) trading statement indicates that it continues to grow. Consultant headcount rose in H117 after a flat performance in FY16 and, despite the seasonal impact on cash flow, we expect UTW to be in a net cash position by year-end FY17. The rating of the shares remains modest for a company that continues to grow and offers an attractive yield.Utilitywise is engaged in gas, electricity and water procurement, and in energy management and compliance services for businesses. Co. negotiates rates with a portfolio of energy and water suppliers on behalf of business customers, provides an account care service and provides a range of products and services designed to assist customers in managing their energy consumption and energy compliance needs. Co. is organized into two divisions, Enterprise and Corporate. The Enterprise Division services Micro market, SME and mid-market customers. The Corporate Division serves larger clients, sometimes referred to as l&C customers in the market.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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