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House broker Shore Capital will revisit its earnings forecasts after the full year results are released on 31 March 2020. The broker expects Yu Group to return to profit later in 2020 with ‘positive free cash flow coming ahead of this’.
Adam you have summed it up quite well. Guess only the company know what the "market expectations" are because Shore Capital the house broker have not stated any recommendations. Many PIs expectations are for higher share prices during 2020 based on faith in the company's founder. GLA
"Adjusted EBITDA for FY 2019 expected to be at least in line with market expectations" - I want to know what this means? I haven't seen any indication of that market expectations are. Can anybody point me in the right direction? "H2 2019 losses significantly below the loss in H1 2019" So we know there is going to be a loss for the year but what is significantly below? SO we can expect the £2.7m loss for H1 and then a lower amount for H2. Something like £4m loss overall? Its not great really. It is an improvement on the previous year but not fast enough to raise the SP as fast as I initially thought. It'll take another 18 months minimum to start breaking even at the current rate.
£50.05 buyout, 0.471 ROC/MWh... up on the buyout, lower on the obligation...
lets keep our expectations low and if we get a nice little surprise its all good..
mcap of 13m for a company turn in over 100m is crazy.
Ammu123 I took them figures from 2016/2017 non adjusted accounts ? and my feeling is there's a message for the LTH to have some idea of the accounts 2019, and in the message it saying quite clearly gross margin. that would not be effected by the adjustment 2018 therefor the we should be looking for in access of 21.3% thats my take ? would love to here from other investors on this, as if this is correct then this is very important bit of forward looking news
??
Well yesterday was the reversal and today the buying continued, has the message now been absorbed by investors ?
Lets see what today and tomorrow brings as we are 6 weeks for the FY results at which point I expect the two new BOD will invest.
today was strong but slightly tempers by 20k of sells later in the afternoon but the buys v sells was very strong.
will the MMs let it fly or will the YU. bounce and crash rotation continue, because at some point the seller will get locked out once and for all trying to trade the bounce and that day is coming
You have to take into account the accounting errors in previous reports.
Contracted revenue for FY 2020 was £79.5m at 31 December 2019. The Board is confident that the revenue now contracted, plus the future business that it will book, will deliver a higher forward gross margin and EBITDA contribution than that contracted in 2018 and prior.
Can you see what I see ? The word and prior And the figures you should look forward To are. 21.3%. Gross And 2017 6.7 net at worst case it's all in the wording and if you tie the figures up with expected contract costs and savings as in previous RNS THE EBITDA
Is more than single digits or an I dreaming he said this.
A core indicator, Adjusted EBITDA, is improving in line with our plan and we are able to invest in our automated digital strategy. I'm confident we have weathered the storm and while we remain cognisant of lessons learned, we are now very much a forward-facing business. I look forward to a successful year ahead."
I hope H2 was at or near breakeven. Bodes very well for 2020 if that’s the case
Yes they have stated ha 2019 will be at a loss however it’s the improvement in margins and future profitability will be looked at.
This is crazy undervalued if you compare the Shyte on AIM
They have already said that low margin is not being renewed in the trading statement if you read it
Don't know market expectations but YU need to get rid of the low margin contracts then EBITDA for FY 2020 improves.
RNS 18 Sept 2019 stated Revenues for FY 2019 expected to be approximately £105m
RNS 28 Jan 2020 Revenues for FY 2019 expected to be approx. £110m (2018: £80.6m), an increase of c.35% and ahead of market expectations
So that would suggest increase of £5m in revenues but they have already stated EBITDA will show a loss for FY 2019.
ammu
you get too excited all the time up or down, calm the fxxk down and let value out here we don't want spikes just gently rises as the jigsaw falls back into place here.
Don't speak too soon! This always happens and then falls back. One day it will go up[ and stay there but I could have been a millionaire by now trading this thing!! Unfortunately, I'm too loyal haha.
Looks like this is finally rising
Not sure but if it's better than market expects then £2 in a flash, seems a bullish statement to make if you ask me.
Sorry last RNS should read.
Good summary Sparky.
Last end stated results will at least I repeat at least in line with market expectations which is a good statement, will it surprise on the upside also??
It is a very lucrative market is the company is run well
YU. has turned a corner, the bad practices have been weeded out and actually YU. has a lucky escape with the new CFO coming in when he did.
They have taken a good spanking picked themselves up refocussed , better governance, bet cash control and debt collection and now better higher margin contracts.
They are actually in a very good position going forward, MC is not pricing in any of the last 12 months turnaround and not forward looking at all.
If ever a gift horse was staring at YU, its now. we all dream of the 10 bagger and this one is staring right in our faces if people are prepared with hold and be patient.
I also think longer term YU will go one of two ways
1. Continue solo and eating in Market share and actually becoming one of the medium to large players
2. They will never get chance as Smartest will eat them up gifting BK a seat at the board.
At the end of the day this has to be one of the best value and long term stocks on the market and multi bagger written all over it, especially as its a defensive stock in times of uncertainty which I think we are heading into.
I hold just over 100K shares and not one share will be sold until I deem we over bought and the SP is just Stupid compared to the fundamentals, currently we are miles away for that scenario
Question is has he the money to buy them??
Nice turn up today gap filled co.pkete any buying should see 1.50 first resistance
Also an interesting article where gulf is mentioned: https://www.google.co.uk/amp/s/www.thisismoney.co.uk/money/markets/article-6686657/amp/Four-bosses-failed-energy-suppliers-returned-sell-energy.html
Has anyone else noticed that these guys are building up a presence in the UK business energy market over the last few months..? They even have a live .co.uk website now which wasn’t there when their owner Jonathan Turner bought shares in our Yu on 3rd October 2019. They also have many new employees visible on LinkedIn all which started their employment there from October 2019 onwards... what do you think is going on... a potential eye up for the future perhaps?
Very encouraging that they invested in Yu, they must see it as a great business model to do so especially as Yu are a competitor.
Yu have indeed been very disruptive to the UK business energy scene, maybe mr Turner is trying to learn a thing or two, either that or he has plans to buy them!