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Today the seller finished, if so expect a fast retrace
I and where does it say the Gov will not support energy suppliers ?
They are companies like everyone’s else the banks have to provide liquidity the same as the rest, but oh yeah I forgot they have 17m in cash and also smartest facility,
Smartest will buy YU said it all long
I did the same. Took a few top ups on the drop but never expected to pick up shares around 60p.
Can you imagine being the sort of person who deramps a share that has dropped through no fault of the holders or the business.
Price holding steady considering volume sold.
If we post enough messages the money spider gets washed down the drain.
I got banned for a day last time I told you to jog on
with your deramping and false information so I will take a different approach
If the Directors are not buying when the share price is this low, I thinks shows that they have very little confidence. Especially the FD who could average down on his last purchase. The news from the market is that business customers are not paying their bills whilst the lock down occurs (why would they). This will mean a massive % drop in revenue but YU will still have the costs of power and gas it bought forward. I don't think that this business can survive as Government won't give any support to energy suppliers.
I bought in Guys any advise for a new investor? Been eyeing it since 1.2 and thought I would wait for .8 cannot believe I got in this cheap. Let's see where we go from here
'Available cash at 31 March 2020 of £10.9m, with a further £6.1m in collateral deposits'
7M less than available cash
Just illustrates the brutal sell off in the last 3 weeks , down 50%
MMs are happy to be at this level after all they control the price here good or bad company nothing to do with it.
they will be collect ting shares now with the help of the last RNS making it easier ? thanks Bobby not:
So it would seem as I feared BOD not really working for the Pi,s its just a case of waiting it out sooner or later it will rerate
such is life, when it bounces back which it will it will be very dramatic
look at staffline yesterday, the company is on its knees yet up 50% yesterday, ASOS had to raise 250M to survive and doubled.
Another 30k sold so all those 10k buys leading up to the results are being dumped. Someone is picking up the stock maybe for the directors. I am sooo regretting selling my PMO and TLW shares to buy YU.
Well at least we did not drop today.
The outlook for the UK ecomony is gloomy especially after listening to Radio 4 "Fallout, the Global Economy" - a panel of experts discussing the possible long-term impact of the coronavirus pandemic on the UK and global economies. I suspect that you can guess there was very little optimism expressed. Higher unemployment is unavoidable but can we avoid a recession?
https://www.bbc.co.uk/programmes/m000h1ms
I get the impression they were told to make sure the RNS's post 2018 accounting error were less glitz and glam and more careful about what the future holds.
What is frustrating is that there has been plenty of good news but they have buried it within lots of zero-commitment statements. Lets not forget that investors need something to get excited about.
Mentioning Covid19 unnecessarily 10 times in an RNS is not going to help long term holders.
Still - We are in better shape than most AIM businesses, we just need a spark to light the fuse on the rather dreary current share price.
ojls the last 4 RNS were the same cautious statements with no positives to talk about . It was a bit different on the way up to £14 per share but in the background solid buying ?
I don't think the BoD did themselves or long term holders any favours with the RNS. It painted a very cautious picture despite no-one really knowing when the country will be back to business as usual.
I personally think they should have been more positive given the strong start to 2020 pre-covid19 and the fact that they have moved the business on significantly after the challenges of 2018/2019.
Directors should be buying but may want to keep hold of cash until the government have provided more guidance. on how they indent to reduce social distancing and the impact it has on business/trading.
(From the RNS):
"The Group has a significant (c45 per cent.) exposure to high risk sectors, with a further c40 per cent. exposure in medium sectors.
The Group anticipates a reduced revenue and margin from such customers, reducing forward profitability and resulting in a Mark-to-Market loss on energy over-purchased which is to be sold back to market.
The Directors have also assumed that Covid-19 may result in additional customer credit losses (in the form of bad debt) or late customer payments, which will impact on the Group's ability to generate operating cashflow."
There's also a mention about issuing debt this year, so cashflow may be tight to problematic, particularly if Yu wants to grow, which is cash intensive...
Not the best news for the stock to rally! The price is v. low, but I wouldn't expect it to ramp up on the news!
Someone dumped 40K this morning.
I find the markets so odd sometimes, YU have clearly stated the COVID will impact and due to the unknown time frames this will have increasing risks attached.
But they are comfortable and sufficiently cash rich to weather the storm,
what happens they get beaten up yet Stocks like ASOS have doubled after raising Millions to cover to hit, just makes no sense.
also Director buys ? I will be really ****ed if the new directors do not buy in at these levels, I assume they are free to buy now.
Topped up yesterday and every time I have topped up the price has dropped.
LSE error showing trades from February. SP at 104p+
Yu have really been hammered for no good reason. Especially irritating when loads of AIM shockers are currently flying.
More top ups until the tide turns.
Looks like share price is delayed by 7 weeks on here.
Yu gets beat up for announcing and rightly so as no end in sight the COVID 19 is a material issue, they also say they do not need cash and looking forward to the future.
The market punishes YU obviously because of the Material statement the auditiors insist due to the no firm end in sight. Fair enough
Yet today Cineworld, Carnival and a whole raft of stocks in far worse positions than YU raising cash left right and centre are flying all in debt up to there eyeballs and increasing debt.
you could argue they are to big to fail - hell no Debts are debt and neither Cineworld or Carnival will get not 1p of revenue going forward
YU has around 60% of it business in Medium shape WTF
The market is so bloody strange