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For a while now we have had solid buying at 95p on any drop which makes me think the 60k was a buy.
Games are most certainly afoot in YU. With results 3 weeks away.
My thoughts sparky shorts been let out on the cheap criminal by any other standards.
According to ADVFN we had a 60k sell at 95p
Surprised 60k sold for that amount on such a heavy down day, really hard to tell what are buys and sells in YU group these days. So such a large would have been delayed for several hours therefore could easily have been a buy.
Its telling us 85k sells anybody no where they sold and where they are listed. are they on the books
Of my collection of AIM disasters this morning , YU is serving me rather well.
Interestingly the market panic seems to have worn off very quickly as a fairly large number of banking and oil organisations have started to bounce back already (my guess is that a few fairly wealthy individuals made a lot of money this morning on big short positions and are now happy to walk away cash in hand).
Yu has held up relatively well compared to wider market. Covid-19 and now the opec squabble are putting downward pressure on wholesale energy prices. This bodes well for energy retailers like Yu.
# of Trades 8
Vol Sold 5,419
Vol Bought 18,451
Looking like this could be a the best buy in you are going to get the figures above small but telling . Blue day today please
Most of the stocks dropped this morning but Yu. seems solid and having already been push well below its true value there's no room to go down anymore, this one is a safe bet and I would think that is in short supply at the minute.
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
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
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
My theory is YU. Is a defensive stock, no matter what is going on in the world people and SMEs still need elec, gas and water to run the business.
Yes this will affect the world economies going forward and with no peak of COVID 19 in sight the risks are building.
But YU. Is a safer stock in comparison to 95% of companies in the UK.