Yu Energy Share Chat (YU.)

Thanks for the reply SNN - I can see your reasoning there now. Hopefully, they will clarify next week along those lines (or hopefully better).

Re that other poster - they've missed out on at least a £9 sp to my knowledge and still it goes on looking for any negative possible. They even have multiple personae to argue/support/insult others elsewhere. There really is nowt as strange as folk.

DD, aren't you going over board on the fundamental research on this, for a trader? You're digging in every corner, lifting every stone, going through reports, asking BBs detailed questions and even doing your own sums now! From the recent lows of 1600 / 1650, you've already missed 2 quid a share.

So, what's your plan of action now? All trades carry risk. SB now or wait till next Tues? It's interesting to compare the two styles. Post up your trade when you do. Fascinated by your thought process. If it's ahead, will you stay in until Sept results?

DB19 - the results show point 1 as "Working capital requirement" as appropriate for the hedging arrangements. The numbers are getting seriously large. I think it was NG who posted that they are required to hold 1 month's working capital on the B/s as cash as part of the Shell deal - better in Yu's bank earning interest rather than Shells / Smartests. As always, cash includes accrued ROC payments, which will be as good as held in escrow, and should be deducted.

The last RNS states "primary aim to provide flexibility for future distributions by the Company, should they be appropriate." It's open to interpretation, but it's clearly promising nothing, at this stage.

If we get nothing, then even I will be disappointed. I have previously suggested 20p special. And perhaps a modest buyback - say £2 - £4m worth. Given today's price action, they may launch a buyback, but then find they are locked out by the price mechanism. But with a few quid on the price, it's job done!

SNN

H1 eps 130, we will see, but id pencilled in 105-115.

There’s a danger this gets technically (RSI) overbought up to the 23rd, then if an inline folks (traders too) will sell. That’s what tends to happen, not saying it will before I get shot down.

We know that £260m was signed last year on 9-10% net EBITDA margin, using 7.5% for what is signed in 2024.

'I say this to caution anyone who may be setting themselves up for disappointment.'

I think a few folks may be entitled to feel disappointment if that were to be the case, after stating it in the 2023 annual report, then cancelling an extra £12.28M in a special court approval process, with £110M of cash predicted at year end at this point in time!

What margin are you using 6,7 or 8% ? As 6-8 was the guidance

All sensible expectations. Eps around 130p will place full year Eps north of 260p, going on 300p. Maintaining PER of 10, or just under, then gives £30 SP. And then at the 1/3 dividend, we get the £1 dividend I can still recall us on here calling out some 18 months back!

I am not expecting much in the way of a special / buyback at this stage. As the numbers get bigger, they will hold back cash to ensure their monthly working capital flows are safe. I say this to caution anyone who may be setting themselves up for disappointment.

Some nice trades > £50k today, now that results are in the calendar

A strong burst above £20 would be most welcome as I feel that is where we should be at this stage and come FY knocking on or above £30

Mid 20's for me by the end of next week, SNN. Hoping for H1 EPS of around 130p.

Just goes to show that the weakness in the SP was anxiety over TUs - ie whether we would get one at all, and if that was foretelling bad news. As they had previously put on the website the results in Sept, but no mention of a July TU, to some extent implied no TU was coming! I had money on today, as posters here had contacted the broker saying this week and re-checking past dates, it's always a Tuesday, can't see a Thursday.

When does a SP ever react in this way on the notice of a TU? Woken the traders up anyway, given them a bit more food for a trade. On a stellar update, where's the price gonna land next Tuesday?

Looks like IR are finally doing what they should and updating their calendar and communicating with the market.

Seems like they do read some BB’s!

Also from the website;-

24th September 2024 Interim Results for the 6 months to 30 June 2024

This update will contain so much information. It could be really transformational. We will get the unaudited H1 digits as usual, we will see sales which I am hoping come in around £330-340m, the number of meters at 30/06. Update on Yu Smart. The capital allocation, I am guessing a special and a share buy-back. I am expecting a pretty sizable EPS upgrade from Liberum. So excited! I don't think I will be getting much sleep over the next 7 nights.

Indeed NG these figures are really important as this is the year of full on unrestricted growth as the shackles have been removed from the smartest deal.

YU always under sell but over deliver so how are we against turnover, clients and Margin and most importantly outlook

The Teneo chap is also a very good guy and e-mailed the updated link to me.

Good luck all. I just re-watched Paul Hill interviewing GW on Vox markets. PH was scoffing at YU's PE of 9.

Well spotted Dave. We finally have the date confirmed ........Tuesday! I can't wait to see these figures.

Awesome, so if you want out you have 4 trading days, alternatively if you want in 4 days.

Finally we will know how explosive H1 has been and fingers crossed how yet again the market has got YU so wrong.

Next Tuesday 23/7 confirmed on website and e-mailed here.

Well the SP has been dragged down a long way under very low volume so will not take much buying pressure to regain loss ground.

I am actually very excited to see how H1 has gone because in my head current valuation is an utter joke.

Looks like a few traders feel the same and are picking up positions before Thursday.

Hi Sparky,

Liberum said second or third week of July to me. Enzo has also spoken to them last week and they said this week. The usual dates for TU's is Tuesday or Thursday. So I am pretty confident it will be this Thursday as it's the third Thursday in July.

I like that they're not buying anything just to use the cash.

Too many companies I've held long term have rushed into bad acquisitions because they felt they had to buy something.

Too much cash is a nice problem to have.

Brilliant news if that’s the case , how confident are you on that date NG ?