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'Available cash at 31 March 2020 of £10.9m, with a further £6.1m in collateral deposits'
7M less than available cash
Just illustrates the brutal sell off in the last 3 weeks , down 50%
MMs are happy to be at this level after all they control the price here good or bad company nothing to do with it.
they will be collect ting shares now with the help of the last RNS making it easier ? thanks Bobby not:
So it would seem as I feared BOD not really working for the Pi,s its just a case of waiting it out sooner or later it will rerate
such is life, when it bounces back which it will it will be very dramatic
look at staffline yesterday, the company is on its knees yet up 50% yesterday, ASOS had to raise 250M to survive and doubled.
Another 30k sold so all those 10k buys leading up to the results are being dumped. Someone is picking up the stock maybe for the directors. I am sooo regretting selling my PMO and TLW shares to buy YU.
Well at least we did not drop today.
The outlook for the UK ecomony is gloomy especially after listening to Radio 4 "Fallout, the Global Economy" - a panel of experts discussing the possible long-term impact of the coronavirus pandemic on the UK and global economies. I suspect that you can guess there was very little optimism expressed. Higher unemployment is unavoidable but can we avoid a recession?
https://www.bbc.co.uk/programmes/m000h1ms
I get the impression they were told to make sure the RNS's post 2018 accounting error were less glitz and glam and more careful about what the future holds.
What is frustrating is that there has been plenty of good news but they have buried it within lots of zero-commitment statements. Lets not forget that investors need something to get excited about.
Mentioning Covid19 unnecessarily 10 times in an RNS is not going to help long term holders.
Still - We are in better shape than most AIM businesses, we just need a spark to light the fuse on the rather dreary current share price.
ojls the last 4 RNS were the same cautious statements with no positives to talk about . It was a bit different on the way up to £14 per share but in the background solid buying ?
I don't think the BoD did themselves or long term holders any favours with the RNS. It painted a very cautious picture despite no-one really knowing when the country will be back to business as usual.
I personally think they should have been more positive given the strong start to 2020 pre-covid19 and the fact that they have moved the business on significantly after the challenges of 2018/2019.
Directors should be buying but may want to keep hold of cash until the government have provided more guidance. on how they indent to reduce social distancing and the impact it has on business/trading.
(From the RNS):
"The Group has a significant (c45 per cent.) exposure to high risk sectors, with a further c40 per cent. exposure in medium sectors.
The Group anticipates a reduced revenue and margin from such customers, reducing forward profitability and resulting in a Mark-to-Market loss on energy over-purchased which is to be sold back to market.
The Directors have also assumed that Covid-19 may result in additional customer credit losses (in the form of bad debt) or late customer payments, which will impact on the Group's ability to generate operating cashflow."
There's also a mention about issuing debt this year, so cashflow may be tight to problematic, particularly if Yu wants to grow, which is cash intensive...
Not the best news for the stock to rally! The price is v. low, but I wouldn't expect it to ramp up on the news!
Someone dumped 40K this morning.
I find the markets so odd sometimes, YU have clearly stated the COVID will impact and due to the unknown time frames this will have increasing risks attached.
But they are comfortable and sufficiently cash rich to weather the storm,
what happens they get beaten up yet Stocks like ASOS have doubled after raising Millions to cover to hit, just makes no sense.
also Director buys ? I will be really ****ed if the new directors do not buy in at these levels, I assume they are free to buy now.
Topped up yesterday and every time I have topped up the price has dropped.
LSE error showing trades from February. SP at 104p+
Yu have really been hammered for no good reason. Especially irritating when loads of AIM shockers are currently flying.
More top ups until the tide turns.
Looks like share price is delayed by 7 weeks on here.
Yu gets beat up for announcing and rightly so as no end in sight the COVID 19 is a material issue, they also say they do not need cash and looking forward to the future.
The market punishes YU obviously because of the Material statement the auditiors insist due to the no firm end in sight. Fair enough
Yet today Cineworld, Carnival and a whole raft of stocks in far worse positions than YU raising cash left right and centre are flying all in debt up to there eyeballs and increasing debt.
you could argue they are to big to fail - hell no Debts are debt and neither Cineworld or Carnival will get not 1p of revenue going forward
YU has around 60% of it business in Medium shape WTF
The market is so bloody strange
Several countries in euro zone looking to lift lock down soon.
I expect U.K. expect U.K. will follow after Easter.
So not the months and months the apocalypse scenario touted. Long and strong YU group if that’s the case yes impact but no the extent the doomsayers would have us all believe.
Investors will be looking at this having digested the final results statement, with renewed optimism? again no gold plating been added to theses results or anybody with rose tinted glasses having there say, just to the point reporting on matters concerning the company. You would think by now the market would reward the c company for its implantation of strict governance and the restructured BOD, but no? its price doesn't even reflect the cash or book value foe excising share holders very annoying but for new investors what a price to get in at.
I think some investors are missing a key point. Just because businesses are operating on reduced staff this does not mean that YU. stops earning. Almost all of their contracts (like most energy supply) include daily standing payments.
For those organisations supporting remote working they have to invest heavily in technology that allows it like additional servers that eat though electricity for fun.
In short: Plenty of customers, -> more customers arriving daily - > cash in the bank unlike most AIM orgs - > solid growth model much stronger than ever before - > Expect the BoD to buy (They already hold most of the share in issue so stand to benefit from a sharp rise in SP)
YU are tied to every other company in the UK at present. if the UK stays in lock down the more than 3 months UK PLC is screwed.
at least YU do not have to borrow or renegotiate with the banks they have liquidity, this put them in the top 10% of companies in the UK.
Imagine million in debt and no income
That is not the case with YU
Final results for the year ended 31 December 2019
The two key points I take from results are:
"Financial impact from Covid-19, including available support from the Government, is evolving and is deemed to represent a material risk for the Group." but "Available cash at 31 March 2020 of £10.9m, with a further £6.1m in collateral deposits"
"The Board is currently comfortable, based on analysis to date and announcements by the Government to support businesses, that there is sufficient headroom (and levers, if required) in the Group's cash position without recourse to seeking additional equity to support the Group's capital base".
So we have not lost all our money yet but our fate here depends on how quickly the country can overcome the Covid-19 mayhem.
Shame I put my last penny on YU instead of LTW @ 13p - you win some you lose some!
# of Trades 49
Vol Sold 70,571
Vol Bought 101,936
this says it all and down 11% as the day goes on this will go blue imho, at these prices its a give away
The price at the moment is low it was shorted to hell and back, and then sat on it from then to now to clear the shorts by boring Pi's till they sold, it didn't fall on any bad news in fact the news coming in was good, this share has been manipulated since it fell from £12 a share and work for the benefit of the MMs should be illegal this is way undervalued ? we are doing more business than we ever have, and profits will be highlighted this july imho. we are getting close to news and £1.80p will be the price before we get that . but this will take a lot longer to get back to £12 a share than the fall it took from there . GLA we are going to need it with these MM's
Totally agree, market cap now under 10M with 17M in cash.
Yes COVID impact isn't nice but expected as with 90% of other companies in the UK and world. YU is actually far better placed than the majority, massively disappointing the market do not see that.
I fully expect the BOD to buy in
Last chance to get in here the worm is turning.