Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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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.
The last four RNS have been good and this one far better than the market expected.
This last attempt at a tree shake will put an end to these ridiculous falls in share price my take 40% or more on this RNS at least but MMs trying desperately to shake out more weak keep hold of your shares sooner or later they will have to let it go.
Wow I just noticed the director owns 8.5 mil of the 16mil shares in issue. Gonna take a small position here
The fact that there cash position is growing at over 1 mil per month is been over looked, looking to me like the expansion for the new Leicester office will be self financing and no dilution for way into future, and when that's up and running maybe never
I seriously hope they do. The shares are now trading at their lowest point in 5 years despite the fact the company is in a better shape than it was at any point in the past.
will be interesting to see if the BOD buy at these levels.
Nice how you spin it negatively
the 4.5 was the average for the year - H2 was closer to 7%
Q1 I expect is closer to 8-9%
The energy wholesale price is falling, YU's M2M position will get worse eating up a lot of the credit that smartest provide. 45% of their business customers would have stopped consuming, no income from these, more bad debt and because they would have hedged their customers they will have to sell back the volume at a large loss. The market is wide open for new players to come in after Covid-19 without this legacy and compete hard for business. The board indicated last time that they would have high single digit margins, not 4.5%. Too many lies by the BOD - can't trust them.
Most of the time on AIM results RNS's are rubbish with a veneer of gold.
YU have done the complete opposite and released solid results with a number of notable improvements but buried them with Covid19 and statements regarding unknowns.
Certainly a good opportunity for the BoD to buy. NT this morning doesn't surprise given we are at least 100% shy of where the SP should have been pre-results.
NT To buy any descent amount Usual tricks been played here
NT to buy.
Thanks. Lots to read....
Wonder if the new guys will be buyers at these levels as now able to - CFO bought at 161p last year
No Debt and £17m in cash to weather the storm.
e Group's revenues are generated from activities across various business customers' market segments, from retail, education, leisure and offices through to care homes, manufacturers and data centres. The Board has assessed its contracted revenue for the year to 31 March 2021 and has identified 43 per cent. is generated from sectors which may be at higher risk of impact from Covid-19; 41 per cent. from customers with a medium risk profile; and 16 per cent. from lower risk customers.
Likewise. More cash than mcap with only a tiny 0.2% market share of B2B. Yu was growing nicely before covid. Most of Ebitda loss was from H1 and the margins, revenue etc. Look excellent
Where is the 43 v 43 v 16% from sparky?
YU does is financial strong going forward.
Interesting to see how the market sees it , especially when some terrible debt ridden companies double just at a hint of survival.
YU will have great opportunities once this mess is over
Solid update and if it wasn't for covid this would have been excellent. Good to know Yu can weather the storm and has more cash than current mcap.
The reduced business energy demand and likely increase in unpaid bills to Yu is no surprise. The fact they're getting better margins and more cash points to weaker wholesale energy prices and the smartest deal. Measures put in place from end 2018 are proving priceless now. The fact Yu still has a tiny market share really puts the current SP to be way too low.
Totally expected , how could you not expect this ? The whole country is in Lock down for at least another few weeks.
Good results however this comment :
Looking forward, we expect revenue, bad debt, operating cashflow to be impacted, as well as temporary reduced sales growth.