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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.
Good question Duke and yes most companies would be in a good deal of trouble after Hedging there usage and price, this could be very costly indeed if this was to go on for a long period and they were to be materially affected.
The situation with YU. is some what different as we have The Hedging Facility with Smartest they will currently provide a variable credit facility up to £13 million, to support the Group's hedging position, leading to a corresponding benefit to the Group's cash position. The Hedging Facility is structured so that the credit line grows in line with the business as it scales. This has a material benefit in reducing the working capital requirement of the Group, allowing the Board to focus the deployment of available funds to drive the Group's growth and enhance shareholder value. The Group will exclusively purchase energy commodity from Smartest, at market competitive and transparent prices, so as to meet its customers' requirements over the five year term of the Hedging Facility, and has provided certain security and commitments, following an extensive period of due diligence, in order to benefit from the new credit facility.
In all there market exposure to price volatility and contracted usage is eliminated, all this brought about by there comprehensive risk assessment policy, this company is here to stay it's not planning for the next year, they are looking for a 10 year plan , so don' t be surprised if they are a household name in 5 years time and £17 per share
There's not that many out there solely doing the business accounts but there are a few who have gone into this crises with little or no cash back up or the proper safe guards and risk management we do, I am hoping we have the eye of regularity authorities now, and with a clean bill of health and all the necessary safe guards in place should pick some of these accounts up or purchase these companies to add to are own, the future is bright in the near to medium term and if I know the the BOD they will be looking to come out of this better of and not just bruised.
Once this weird trading finishes
Must be a large worked sell. This is just carats nearly all buys again and some just got mugged at 60p
Offer price slipping - bought too early this morning!
I see Robin Hood energy as expected lost £23m on revenue of £97m last year. Going concern in doubt by the auditor and only £1.9m in cash.
Just goes to show how well YU has turned the corner, the **** challengers will fall away like no tomorrow in 2020
Only the strong will survive and thrive.
Pressure is building bigtime
British Bull - Buy @ 66.90p - and we know they have not been wrong on their last 11 signals on this share!
Has to be a buyer and seller going through an exchange. Been going on for days now.
Its like they are running a completely different order book: I could get a buy in at 68.7 without trouble before close so why on earth would someone pay 71p (unless of course they snatched a limit buy). The 65p seller remains a mystery.
16:24:08 02-Apr-2020 65.00 GBX 25,000 16,250.00 Off-book AIMX
16:24:01 02-Apr-2020 71.00 GBX 25,000 17,750.00 Off-book AIMX
Bingo
25k buy 71p
25k sell 65p
What the hell is going on ?
Trade showing @ 65p - I wonder if its the same one we have been seeing all week. Drum roll please................
16:07:28 02-Apr-2020 68.50 GBX 20,811 14,255.53 Off-book AIMX
16:07:04 02-Apr-2020 65.86 GBX 10,811 7,119.58 Off-book AIMX
16:06:36 02-Apr-2020 65.83 GBX 10,000 6,583.30 Off-book AIMX
10k and 10.8k sells followed immediately by 20.8k buy.
Wonder if we get any others at the death like all this week so far
Its a bit odd. Bit of pressure just killed off by a handful of sells. I wonder if there are still shorts trying to close at a particular level. I guess we will see if the usual 65p trade goes through at close of busienss.
Oh well that didnt last long.
MM's clearly do not want more buyers!
Financial highlights:
· Revenues for FY 2019 expected to be approx. £110m (2018: £80.6m), an increase of c.35% and ahead of market expectations
. contracts achived 5.1Mil per/month with a positive upward trend on that figure .
· Adjusted EBITDA for FY 2019 expected to be at least in line with market expectations
. Significant improvement from H1 to H2 as Group's strategic actions take effect from 2019
· Cash and trading counterparty deposits of £12.6m (2018: £14.6m) cash book must be sitting at 14mil as before the cash book was increasing some 500k per month
· Positive outlook as Group anticipates material improvement to Adjusted EBITDA for FY 2020, with higher gross margins being achieved. better than any previous year Bobby explains refer to last indicated results.
. plans for the expansion into Leicester city office complex with capability to house 200 workers/ plus/ sales.
TR1 may be possible
September RNS is a bit to chew on but no big surprises apart from another additional office for sales at Leicester capable of 200 staff , it is what it is a company setting it self up to be a future player in the utilities market with solid foundations been implemented, and good governance put in place. The writing is on the wall and this will be set to return to profit early 2020, as for the share price any institution would be looking to invest here given the operating systems in place, No sign of any dilution here and unlikely going into the far future. now is the time to buy with only 16mil shares this will be a pension earner .
oh no don't tell me those mobile free trade users are on this too!
Hmmm, something is defiantly afoot