Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Second on the risers board...
Well the market definitely likes it !
The details today further stress the importance of the SmartestEnergy facility... with wholesale energy prices going down and looking to stay low, the margin calls were more of a birden than any RO payments. This has now been "fixed" and is scheduled to benefit Yu during H1 2020. Very good news.
Quality update and showing Yu is going in the right direction backed by actual numbers now. I look forward to more details in March. My favourite bit from today's RNS is: The monthly average bookings have increased from £3.2m in H1 2019 to £5.1m in H2 2019, and this upward momentum is expected to continue in FY 2020.
140 paid. The people that know, know!
GLAH
Excellent and certainly helps build that platform to the share price appreciating going forward!
Good update!
I just don’t understand.
Company is making progress in the right direction but we are still sat at 1.
Morning all,
A fairly detailed update - so much so that I’m not sure what the results at the end of March will add. I’m probably not alone in feeling rather underwhelmed by that but it does have its positives. It is clear, honest and reasonably explains the contraction in contracts (negative EBITDA and/or low margin ones have been allowed to complete and not be replaced), and highlights the newer ones with better margins and the high growth experienced with these. Looks like the company has its own cash and access to enough to deliver on its growth plans. No mention of a placing or dilution. Growth plans in place.
I’m pretty ok with this.
GLAH
Matt
great update !
inancial highlights:
-- Revenues for FY 2019 expected to be approx. GBP110m (2018: GBP80.6m), an increase of c.35% and ahead of market expectations
-- Adjusted EBITDA for FY 2019 expected to be at least in line with market expectations
o Significant improvement from H1 to H2 as Group's strategic actions take effect
-- Cash and trading counterparty deposits of GBP12.6m (2018: GBP14.6m)
-- Positive outlook as Group anticipates material improvement to Adjusted EBITDA for FY 2020, with higher gross margins being achieved
Operational highlights
-- Entry into GBP13.0m facility with SmartestEnergy to support the Group's hedging and reduce the Group's working capital requirements
-- Senior management team strengthened with appointment of Sales & Marketing Director and Board changed post period end
-- Commercial arrangements finalised for new Leicester office due to open in 2021 to support the Group's growth
Bookings, representing the annualised value of new or renewed contracts entered into with customers during FY 2019, averaged GBP4.2m per month (FY 2018: GBP8.4m). The monthly average bookings have increased from GBP3.2m in H1 2019 to GBP5.1m in H2 2019, and this upward momentum is expected to continue in FY 2020.
Clear underlying message - IMprovement Improvement Improvement plus higher margins and free of shackles of loss leading contracts.
Add this to commercial agreements signed for new offices next year, a BOD that holds more than 50% of the shares, and the commitments benefiting cash flow all point to a recovery play here
Hmmmmmm - I not too sure how the Market going to react to that RNS if I am honest !
I am holding this for the long game - £7 to £8 and return to dividends
All looks positive a well mansged. Hopefully big tick up bsck towards 2 pound and more !
Up we go
Long awaited - but all looking good.
seems a bit leaky is the results good, or a repeat of RNS like last years good but not good enough for some? we will see. The thing is no one trust the MMs anymore.
I’m surprised at the current lack of action here.... have all those that want in already taken a position? Is there tangible doubt about decent results being reported?
No idea.....but I’m in and hoping
Matt
Sorry should have said on ADVFN !!!
The RNS makes very positive reading, though it is not showing on the LSE website which once seen by many more may well see folk buying in before next week.
Not second Rns. Similar thing has happened on another holding I have. Computer glitch.
Is there a 2nd RNS?
Well my jaw dropped reading that RNS
1. the RNS states ambitious growth plans and space for 250 people
Hmm now why would they be doing that ? errm pretty obvious business is booming and expanding at pace.
Makes me even more excited for the next RNS, I have a sneaky feeling booked revenue for 2020 is going to be very special and I am call it now - 2020 revenue £140 to £150m
Everyone go to chill out mode!
Its only one week away for a transformational update. I was speaking to one of the sales guys yesterday. He has been working there for a while now and he said that they were extremely busy. They keep adding more people so the business is good. I'm running a small business and im looking to change my supplier to YU. group when my contracts runs out. I will be recommending them to several of my friends and neighbors. It will add up if we all get behind this company. Come on!!
Looking forward to the update!
They don't NEED to issue an RNS for this agreement - companies do it all the time without issuing a totally trivial RNS... you're missing my point, which has nothing to do with the looming trading update. BK's comment: well, what else is he going to say?! Solid RNS? really?! Come on... so solid that the SP is down!
RNS needed since they actually "agreed the commercials".... Business update from previous years is not until 29th to 31st Jan so too early yet. I like BK's comment. All round another solid RNS showing a positive future for Yu
The only update they have is on an office with enough space for people they haven't hired yet?! Oh dear...