Member Info for Discodave4561

TU 22nd July

So not much action until then by the looks of things.

Sparky Pal

You just can’t help yourself can you. Caught once again lying so you do what you always do, post up more lies - I’ve not got multiple accounts. Unlike you as Jennifer and newinvestor!

Just stick to the subject matter eh, you post up lies and I will retort, whether about me or anything else.

Back ramping. Thought you said there was some big news coming the other week?, nowt, you also said gas was going to 150p, nope. Now YU are going to beat expectations, really!, why is that?.

Have a lovely holiday :)

Sparky Pal

Think you should unfiltered and read my post, particularly the one that proves you are what you are - a blatant liar, not only about me but lots of other things that you post up.

But then you won’t actually have to unfilter me will you!!

No agenda, just a person that detests liars and people who deliberately post false and misleading info, and when their lies are found out they resort to personal insults and lies too.

Sparky Pal

You posted: “Absolutely incredible for a guy who does own shares and only by his own admission trades.”

I’m assuming it was a typo and you meant “doesn’t own shares”

Well chap you are a fu&&ing liar, I’ve posted here and on ADVFN that I am a long term holder of certain stocks and that I’m not just a trader. You need to post up to support your statement which is yet another big fat lie.

I’ve posted here the following and you cannot edit posts on this site so they are as posted at the time and folks can check the postings for themselves to show what a big fat liar you are.

16th June 12:38

“Unlike yourself I do post on other stocks, stocks I hold and stocks I’m interesting in acquiring,”

19th May 21:35

“You keep calling me a trader, I’m not a trader, but I will go short or long on stocks where there is clear momentum, in either direction.”

Sparky Pak

You are so full of it. I’ve never ever said that I only trade, in fact I’ve posted I do hold long term stocks and trade as well.

Can’t believe you blatantly tell porkie pies about me, how fu@@ing low are you prepared to go to try and diss someone just because I prove time after time that what you post is false and misleading.

Sparky Pal

Just checked and SMS group income for FY23 was £173m, so an acquisition price of 6.9x sales, again that would be circa £39m for YU at 100k meters,

How did Lib get to £60m?

Sparky Pal

Would for once agree, there is potential but there is also massive competition in that area. I’m unaware that YU has of yet managed to secure any major energy supplier contracts for domestic installations. They are only as yet doing commercial, and to put into context in 2024 there was only 1.2m non domestic smart meters installs in the UK, how many to go for?.

In total some two-thirds of properties in the UK have smart meters , so about 19 million havent so there is a lot to go for but looking at SMS contracts , they already had 50% of British Gas metering to install so YU may be too little too late but do think there’s scope for them to spread into domestic installs if they can grab some energy supplier contracts, but as yet they seem to be focussing on non domestic so they can provide a one-stop shop for commercial clients.

Coming back to your previous reference to the lib valuation and how much KKR paid for SMS. Looking at their 2023 interim accounts (the last I could find) they had installed 2.3m meters and had an order book of 1.93m, just to give you some idea as to their scale compared to YU’s forecast 100k. So I’d assume for their FY23 year they could have c 4.23 meters installed in the year.

Their index linked annual annual recurring revenue (ILARR) per meter equated to c £48 (going on YU’s numbers their ILARR per meter is about £56 which may be at a premium for commercial customers), so SMS yearly income could have been c £203m (haven’t double checked to see what it was, I’m sure you could take a look). So the KKR offer possibly equated to about 6x sales, which for YU with 100k meters would be about £34m not the £60m.

Sparky Pal

Love to know how 100k meters is worth £60m?

FY24 they had 22,900 smart meters earning £1.3m income, so let’s say 100k meters is c £5.6m, so Lib are valuing at about 10x sales - really!, seems a considerable over estimation IMO, YU Group currently has a price to sales ratio of 0.43x just to put it into context.

Then your £120m cash, it’s a forecast by their paid for analyst, and we all know they have a liquidity covenant so a big chunk is likely to be ringfenced and non-distributable.

Let’s see how they do in FY25 first eh.

I was talking to a YU meter fitter the other day!, pmsl

Bit desperate that IMO.

Could counter by saying I was also talking to a YU meter fitter down the pub and he said they are doing crap!

Are you related to Sparky?, or DB19?, or Blade?.

Sparky Pal

“With the significantly increased activity of the green box anyone would think some worry is kicking in with TU closing in very fast”

Wrong again, I’ve absolutely no worries at all, why would I?. Everytime a TU approaches you post the same old ramps……do you remember before you said they were going to blow the doors off with their numbers?……..and there was a significant sell off wasn’t there. Build up to numbers, sell on news, that’s the pattern for YU. But who knows hey, this time could be different, nobody knows do they.

At some point you will be posting that a £10m buyback will be announced, it could be, then again they’ve sat on £80m+ for nearly 18 months now and outlayed diddly squat so far. Then you will posting they will announce an acquisition, blah blah blah.

Let’s see what they actually say as that will dictate which way the sp goes, not what’s posted up on BB’s. That includes me :)

Sparky Pal

“ increasing profits 30 fold, rev 10 fold, with no begging bowl and massive bails outs”

Mmm, saying profits have increased 30 fold isnt painting the real picture is it IMO, particularly as they had years of losses since listing. But your revenue number is also incorrect, it’s increased 160 fold! (thanks obviously to the energy crisis and gas going up 230x from memory). As for the begging bowl, they did a placing in March 2018. So they have passed the begging bowl around.

I’d guess you will return before the TU, because you’ve said it so many times previously :)

Sparky Pal

It’s clear that you are telling porkie pies again, I’m not filtered am I :)

“I was taught the markets look forward 12 months. Not oh a CFO mess up 7 years ago so let’s drag it up every week and the miss out the good work increasing profits 30 fold, rev 10 fold, with no begging bowl and massive bails outs”

Yep the BOARD messed up not just the CFO, they sign off the accounts don’t they, so that includes BK.

You miss the point as ever, yes the market looks forwards on fundamentals but takes a very long time for such things as accounting errors, an FCA investigation, a fine for breaching AIM rules to be overlooked.

This is a good business, never said it was crap, it’s just not squeaky clean and it’s growth isn’t sustainable IMO.

Sparky Pal

Never said the business is crap.

As always perma bulls spit their funny’s out because they don’t like facts.

Blade you still have posted up evidence to support your comment that FY19 loss was down to them still having accounting issues. Sparky, their statement that they would make a profit in FY19 had nothing to do with loss making contracts, they misled the market IMO.

The three children need to grow up :)

Sparky Pal

Are you saying facts that you simply don’t like are “boring”?, clearly you prefer not to be reminded, just like Blade (who I’d guess won’t post up any evidence to support his comments that the loss in FY19 was due to continued issues with their internal accounting processes - utter rubbish).

The market doesn’t forget, particularly false accounting, rubbish forecasts, and how they got away with breaching AIM rules.

As for JPM, they don’t short to be brave, they shirt to make money, you or I won’t know what their strategy is and you definitely will not know if they do indeed fully close their position like you keep banging on about (don’t think it’s registered in your head, positions less than 0.5% are not registered by the FCA).

Sparky’s favourite:

UK natural gas futures fell toward 78 pence per therm, the lowest in over eight weeks, as strong supply outweighed rising cooling demand from hotter weather. Norwegian gas flows increased as maintenance activity eased, boosting supply into the UK and Europe. While temperatures near 34°C in parts of the UK increase demand for air conditioning, overall gas consumption remains subdued due to weak heating demand and sluggish industrial use. The UK Met Office warned that temperatures could approach the hottest June day on record. Meanwhile, geopolitical risk premiums continued to decline after the US-brokered ceasefire between Iran and Israel, easing concerns about LNG supply disruptions through the Strait of Hormuz.

Blade

Not unsubstantiated, posted their clear statements taken from RNS’s.

Still waiting for you to SUBSTANTIATE your comment that during FY19 they were still experiencing accounting / process issues.

Tell me, do all perma bulls spit their dummy’s out when their opinions / statements are challenged and are clearly just knee jerk reactions that have zero evidence to support said opinions / statements?

Good luck

Little pip boy aka the dotty one

Nowt genuine about little pip boy IMO!.

Just a reminder about little pip boy’s bull.

He constantly posts that he’s topped up, but now having been caught out lying he doesn’t mention the time, volume or price of his fantasy trades. Beware and DYOR.

He posted on ADVFN that he bought 125 shares, yes folks 125 shares, declaring it was posted up as a sell trade. Well I checked the trades for that day and there was no 125 share buy or sell, it’s all complete fantasy. DYOR historic trades are available.

daveboy19 - 03 Apr 2025 - 10:12:13 - 9379 of 9687 Possibly the share of 2023 - YU.

Yes, and showing as a sell. Tut, tut, MM's.

daveboy19 - 03 Apr 2025 - 09:43:11 - 9377 of 9687 Possibly the share of 2023 - YU.

Another 125 pouched :)

==================================================================================

Here are all the trades for the 3rd April, no 125 trade to be seen. DB19 is full of it. Notice now how he posts on ADVFN he’s topping up but never mentions the volume or price or time, why?, because that way he can’t be called out for what he is, a cheap ramping liar.

If the link doesn’t work you can get the info from the trades info on ADVFN or possibly from LSE.

https://uk.advfn.com/p.php?pid=trades&dt_select=1743667200&trade_set=1&symbol=

Blade

Extracts from their FY19 Final Results RNS. Nowhere did they state that the financial performance , namely making a loss not a profit was still due to process/accounting issues.

Bobby Kalar, Group Chief Executive Officer, said:

"One of the main objectives of the year under review was to strengthen our internal processes so that scaling would not create further pressure points on the business as we have witnessed in the past. We have been working on transforming the customer journey from 'prospect' through to 'cash' and I'm pleased with the positive results so far.

Significant milestones have been achieved and we are now well placed to deliver profitable growth. Improvements made during the year included adopting more disciplined processes and cost controls, and focusing on enhancing gross margin”

Paul Rawson, Executive Director, Board member, also serves as our Chief Financial Officer and Company Secretary. Paul has significant industry and financial experience, as part of the Engie Group (ex GDF-Suez) and has been instrumental in implementing our "reset" as well as the embedding and enhancement of various "best practice" processes also suggested in the PwC reports which the Group commissioned.

Whilst we have recently focused on strengthening the effectiveness of our governance and the implementation of strengthened and joined-up internal controls across the business, it is vital for us to continue ensuring that the business retains an agile, pivotable "industry disruptive" mindset.

As a consequence of previous uncontrolled rapid growth, a "back to basics" root and branch approach has allowed the Group to focus on key areas which required strengthening, and parts of the business that were inefficient or heavily reliant on manual processes. The full journey of our customers' lifecycle has been redesigned so that an efficient process targets a right first-time mentality: from "prospect to booking", "sale to registration" and "bill to cash".

I'm pleased that this approach and continued development during the year has established a strong focus on enhancing gross margin and cost discipline, along with refocused sales and operational, financial and commercial controls.

Blade

Read the RNS from 24th October 2018.

“The Board are confident that the Group will achieve profitability for the year ending 31 December 2019, albeit at a lower margin than previous expectations, and is in the process of preparing detailed budgets.”

If they hadn’t resolved their internal accounting issues (they mention they’d identified the errors) then no way should they have misled the market again by saying they were confident of making a profit in the following financial year namely FY19.

Blade

“All done and dusted, the company has been squeaky clean since and trust me, the controls in place now ensure accurate numbers.”

How would you know that the controls that are in place now ensure accurate numbers? Are you their official auditor?. I would as I’ve posted hope they have sorted the issues but that was my point about the FY19 profit forecast.

Anyway, if you do have evidence that the FY19 forecast error was down to accounting issues that still hadn’t been resolved then post up. IMO you can’t substantiate that opinion.

Good luck