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Last chance to get in here the worm is turning.
The last four RNS have been good and this one far better than the market expected.
This last attempt at a tree shake will put an end to these ridiculous falls in share price my take 40% or more on this RNS at least but MMs trying desperately to shake out more weak keep hold of your shares sooner or later they will have to let it go.
Wow I just noticed the director owns 8.5 mil of the 16mil shares in issue. Gonna take a small position here
The fact that there cash position is growing at over 1 mil per month is been over looked, looking to me like the expansion for the new Leicester office will be self financing and no dilution for way into future, and when that's up and running maybe never
I seriously hope they do. The shares are now trading at their lowest point in 5 years despite the fact the company is in a better shape than it was at any point in the past.
will be interesting to see if the BOD buy at these levels.
Nice how you spin it negatively
the 4.5 was the average for the year - H2 was closer to 7%
Q1 I expect is closer to 8-9%
The energy wholesale price is falling, YU's M2M position will get worse eating up a lot of the credit that smartest provide. 45% of their business customers would have stopped consuming, no income from these, more bad debt and because they would have hedged their customers they will have to sell back the volume at a large loss. The market is wide open for new players to come in after Covid-19 without this legacy and compete hard for business. The board indicated last time that they would have high single digit margins, not 4.5%. Too many lies by the BOD - can't trust them.
Most of the time on AIM results RNS's are rubbish with a veneer of gold.
YU have done the complete opposite and released solid results with a number of notable improvements but buried them with Covid19 and statements regarding unknowns.
Certainly a good opportunity for the BoD to buy. NT this morning doesn't surprise given we are at least 100% shy of where the SP should have been pre-results.
NT To buy any descent amount Usual tricks been played here
NT to buy.
Thanks. Lots to read....
Wonder if the new guys will be buyers at these levels as now able to - CFO bought at 161p last year
No Debt and £17m in cash to weather the storm.
e Group's revenues are generated from activities across various business customers' market segments, from retail, education, leisure and offices through to care homes, manufacturers and data centres. The Board has assessed its contracted revenue for the year to 31 March 2021 and has identified 43 per cent. is generated from sectors which may be at higher risk of impact from Covid-19; 41 per cent. from customers with a medium risk profile; and 16 per cent. from lower risk customers.
Likewise. More cash than mcap with only a tiny 0.2% market share of B2B. Yu was growing nicely before covid. Most of Ebitda loss was from H1 and the margins, revenue etc. Look excellent
Where is the 43 v 43 v 16% from sparky?
YU does is financial strong going forward.
Interesting to see how the market sees it , especially when some terrible debt ridden companies double just at a hint of survival.
YU will have great opportunities once this mess is over
Solid update and if it wasn't for covid this would have been excellent. Good to know Yu can weather the storm and has more cash than current mcap.
The reduced business energy demand and likely increase in unpaid bills to Yu is no surprise. The fact they're getting better margins and more cash points to weaker wholesale energy prices and the smartest deal. Measures put in place from end 2018 are proving priceless now. The fact Yu still has a tiny market share really puts the current SP to be way too low.
Totally expected , how could you not expect this ? The whole country is in Lock down for at least another few weeks.
Good results however this comment :
Looking forward, we expect revenue, bad debt, operating cashflow to be impacted, as well as temporary reduced sales growth.
Cant argue with that and with no debt an cash £6M more than current MC once through this mess YU will thrive as the debt ridden weak fade away
Whilst there has been, to date, a manageable financial and operational impact of Covid-19, the Board continues to assess the rapidly evolving situation which adds a level of uncertainty as we start the new year. Looking forward, we expect revenue, bad debt, operating cashflow to be impacted, as well as temporary reduced sales growth. However, the Group is in a more robust position than previously, with significantly improving margins on the contracts we have booked. The Group has available cash of £10.9m at 31 March 2020, with an additional £6.1m in cash collateral deposits with trading counterparties expected to be available in Q2 2020.
10.9m cash in the bank and 6.1M cash available in Q2 so £17M cash
H2 loss down by 60%
Low margin contracts down to 35m and effectively gone by 2021
43% high COVID 19 impact
43% medium
16 low
so compared to a lot of sectors short term impact isn't to bad.
Solid set of results IMHO
And there it is. We finish the week with a Market Cap at least £1m less than what we have in the bank in cash. Work that one out!
I hope the financials land next week and we can reminisce about the days when YU shares were less than a quid.
Have a great weekend all.
Duke, tariffs have a standing charge regardless of usage. So the bill is never 0.