The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Sellers this morning mugged off, just no shares available, if you are even thinking of buying I would do it very soon.
A flurry of buys now and we are over £1
He is talking *******s. Trying to panic holders.
Did you see my question on acquisitions and mergers, plenty of that available in the next few months as they pick the carcass of Robin Hood and Bristol energy, could pick up there SmE. Oil for peanuts, if they fit the risk profile of YU who do not take on any old **** any more as reflected in 98% cash collection rate even through lockdown. Dam impressive
Their net RO contribution, which is on ofgem's website is closer to 1.1m. This conversation has done the rounds before. RO payments are nowhere near 10m
Hi sparky, Yu may state that they source 96% of energy from renewable sources but it doesn't mean that they have paid for their REGO/RO certificates in full. Think about it - how can a company that has greater costs than revenue be cash generative - it can't!!!
This indicates that Yu has not paid for all of its liabilities relating to the RO year which runs from March 19 to April 20 payable in August 20.
The reason is YU gets to hold taxes levied on customers for upto 18 months before its paid to Ofgem.
RO liability is typically 10-11% of turnover.
YU turnover for proie Mar 19 to April 20 circa £100M hence 10% liability should be around £10M
Ontheupupup,
I'm not sure where you got 10m from for RO costs. It has been roughly net 1.1m in recent years whilst renewable energy has only increased. The BEIS website has details of ROC issued etc.
I'm pleased with the update including such positive traction into May as well . I'm genuinely pleasantly surprised and have added today as a LTH
Where did you pluck that figure from ? 10m for RO I do not think so when 96% of the energy YU supply is renewable
Good move to furlough hopefully majority of staff = cost savings
however note
* Approx £10M due to Ofgem for renewables, cash balance closer to 7M.
* 35% reduction in consumption is significant as Yu will have hedged the majority of the bases expected consumption and therefore would have bought higher and will be selling excess volume back to market at current low prices. This will further decrease gross margin until SME's return to business as normal.
The key here is patience they have the foundations in place now and the presentation oozes confidence going forward.
Bigger picture the council energy companies are falling like domino’s Robin Hood, Bristol energy both screwed before COViD 19, the survivors will reap the rewards and YU are doing a great job, you can just sense the excitement in BKs voice.
They have listened to my moons and groans on email to IR on the lack of interaction with shareholder.
The future is looking very bright
Hi sparky - no sold some on 14 May chasing rainbows elsewhere which has not worked yet out so double loss. Still got my original very modest holding. All happening because I could not sit on my hands for a few days more. Good luck MrE
Was that your 6k sell ?
No way you should have sold on the back of that statement. The BOD have listened to me constantly asking questions and most of them answered in the AGM statement and video presentation.
The are very bullish and rightly so the BOD has done very well, safe heaven stock that is massively undervalued
Sold at the very bottom - never learn.
Will we drop below 60p? Is it worth selling and buying back lower?
Really pleased with the detail coming out of Yu AGM today, they have done very well far exceeding my expectations. This really does make a statement to the market and puts Yu in great place as the lockdown starts to unfold, what a time to buy in. I only wish my holding average was around 60p. Loads of upside to come surely. GLA
Agreed and also an increase to 5.7m for new client bookings, amazing considering the lockdown.
And at 10M MC YU will survive no doubt about that and with other falling away the opportunities are huge
Very impressive. Receiving cash and cash balance at end of April a lot better than I was expecting even with the 1.1m withheld. Current ofgem discussions ongoing about further help for suppliers by way of industry payment deferrals. Good job Yu
That is a solid statement as the UK now eases out of lockdown far better than I expected.
Hey have done all the right things even increasing new booking, furlouging staff and Vat deferment and increased cash.
What more could you ask for ? Well done YU
Market giving no value to company presently with MC less than cash reserves