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Bitbuybit you keep on about the cash position the cash as is stand 2.1 mil plus 10.5mil supplemented by trading counter party deposits. since the deal was done in late December for the 13m credit facility the 10.5 mil will only be brought back onto the books Q1 2020 total cash position 12.6 mil, my take is this could be a lot more come march 31. this is a solid investment? I know it, the BOD know it , and the MMS know it, keep getting in on the lows not long now
This share should he much higher than this. I think the issue with the fca with the accounting errors have really impacted on belief in the company which is understandable. But I feel the company have shown how much they have learnt from this and are in a much better position than they were when the share price was much higher than where it is now. I think the market will start to wake up to the value of the company. When I don't know but hopefully sooner rather than later. I believe in the board and feel we are in safe hands and they have done all they can to try and restore faith in the business and continue to do so.
Still looking at over 10% spread according to MMs when in reality land its less than 1% what are they trying to do?
1) stop the price moving?
2) put punters of?
3) Need more sells ?
4)don't know how to tell the truth?
5)distorting the facts?
6) just don't care?
7)using the system to there advantage
Could be a decent buy in but still many unanswered questions (see below). I think I may email investor relations for my own piece of mind
Matt
They can keep trying but someone is absorbing the shares given the support above £1. It s a great buy-in / top up point so doesn't bother me. Results later this month and the days of £1 will be a distant memory.
Someone selling blocks of 2500 shares - trying to force the price lower?
106p trade just popped up.
So we are on the same song sheet except that I don't have any spare cash to buy more. I keep seeing 106p bid but no trades are showing on my screen - anyone else?
I was being a bit naughty. I have been topping up over the past couple of months and will take any opportunity to buy in the dips. Unfortunately the MM's are not offering many dips at the moment.
I'm confident that the SP is only going one way from here. An additional £1 or two would be just fine with me in the short term.
Hi ojls - do you really want this to drop to 1p ? I would rather much like it to rise an additional £1 and as soon as possible. ATB
Come on MM's. Just drop it back to 1p and I will have one last top up!
The results RNS is either going to be ok or good making YU a rather safe bet while the rest of the markets are being hammered by Corvid-19.
Get your point supplemented by £10.5m of trading counter party deposits.
Very good. You can see why I’m asking then?
Group cash and trading counter party deposits as at 31 December 2019 were £12.6m (2018: £14.6m), consisting of £2.1m in cash (2018: £14.6m) supplemented by £10.5m (2018: £nil) of trading counter party deposits. The trading cash calls have been made due to the significant decrease in forward energy commodity markets experienced in the year.
Hi all,
Does anyone have any information on exactly what short positions are still open? I can see nothing listed for Yu on shorttracker.co.uk?
Also, did we get an answer on where Yu’ s cash had gone? £2.1m at end of year vs £14.6m end of 2018? I am aware of the hedging facility but to me it looks like an overdraft facility (have I over simplified)?
Still cautious here but it does seem to be bouncing. Any ideas?
GLAH,
Matt
They are going to have to let this go soon. There has been good sized buys put through almost every trading session (some of which are yet to be declared).
Interesting to see equal buys and sells at the minute 12.20pm and up 4.6% regards less what the trade information is saying. I make it 52k buys and 52 k sells or transfer between brokers more likely. This is all adding up to the same thing, no free float about at the moment and MMs very hesitant to increase price to any degree fearing it could run away and imho still not cleared there shorts ? Looking very good in the run up to news .
Why all the sales this morning with the FTSE up 2.5% ???? Roll on the end of March.
YU is a defensive play which is very undervalued in time’s like this gold and utilities do very well and we have had a persistent buyer over the last 6 trading sessions buying up all the sells.
Can’t go wrong with YU in these markets
Undervalued and defensive play.
Ok now paying above the ask yet they are not moving the bid ? I wonder why ? I would think if a buyer came in now this would move very quickly, and a lot of short traders will need new underwear tomorrow. It might cause them to close there shorts which would see this sky rocket as no shares floating if you ask me , as after the figures due out this month get released will not see this price again, nothing less than £2.35 . Wouldn't like to be in there shoes .
Just goes to show how undervalued this share is 13/14 mil in bank 134mil turnover imho back making profit and see the return of dividends this year, this will re-rate back to a decent £2.35/3.25 April
Holding up well given the carnage all around. GLA
They will hide it until they close there shorts and by my reckoning they will run out of time before 28/3/ unless they let this rise up which will be any day soon or get burnt.
As mentioned in a post yesterday there have been 3 (now 4) occasions in the last week where Google shows a trade (buy) being completed on the bell at 16:30 yet it goes unreported. MM's surely cant keep hiding buys from the market or am I missing something?
True. Global issues will normally put downward pressure also on wholesale energy prices, oil and gas etc. The only real issue is if domestic UK businesses cease trading for whatever reason and leave unpaid bills to Yu. Debt management is something Yu have worked on and is a constant consideration anyway