Member Info for Discodave4561

the same old same old. i put my view which imo is sound and you turn again to ****ging me off. never said the shell deal was “dodgy”.

wtf has utilita got to do with the price of banana’s. you are assuming now that the shell deal is on a par with what another company has struck.

you literally are a waste of time - the only liquid assets yu have is their cash, the shell deal includes a liquidity ie cash covenant. if you refuse to accept that fact then there isn’t much point discussing it.

Sparky

No offence but as I’ve posted numerous times “liquidity” is cash. How much they’ve stipulated that needs to be maintained on the books is the unknown. I’ve never attributed a specific value to that, how could I!. But the evidence is IMO suggesting that it’s a decent chunk of their net cash because basically they aren’t doing anything with it.

Given SmartestEnergy in FY23 charged £68m by the looks of the accrued expenses and had £50m of cash collateral. So given energy supplied has increased 78% it doesn’t take much to assume the cash liquidity may have increased proportionally. Why would Shell say to YU we will supply your energy needs and don’t worry about any collateral, we don’t want circa 5%-8% of c £90m and we won’t charge any higher than your previous supplier!……they wouldn’t. They also INO would tighten up their invoicing and charge a higher price to compensate for them not having any cash collateral to earn income from.

Couldn’t agree more pal.

BK’s arrogance is the problem! :)

Soarky - are you saying their liquidity covenant doesn’t include cash?

PN aren’t the only fund manager suffering redemptions, Schroders etc.

The point is someone is selling in decent sized trades day after day.

Premier Miton:

“The realisation of the Redemption Pool has progressed well and is nearly complete”

Nearly complete!

ADT

The July TU last year and the subsequent fall in sp (c 30%) was IMO sell on news (as the sp had been on an upward trajectory prior to the TU) but also a sell off because they didn’t say anything about what they intend to do with their cash pile, no medium term buyback programme, no special dividend.

The year end TU and sp drop was not IMO a sell on news, it was because it was very ambiguous in terms of what their Rev will be, “approaching” £650m means less than £650m and could be £644m which is a miss on forecast. They didn’t say anything say EBITDA was ahead but again they didn’t t confirm bottom line. The market doesn’t like uncertainty.

As for Premier Miton redemptions who knows if they have finished, not so long ago folks here were saying Miton was buying whereas the fact was they were selling.

Doesn’t look good either when their CFO and MD Retail offloaded over half their holdings last year.

little boys first post this morning:

“must be shirtless, hence the fury and raw, personal abuse. absolute loon - threatened me for a fight the other day. that's it for me, can do one, and this new filter does give you the next best thing to them completely vanishing. probably got done on yu in 2018 and can't let it go, then this other one sent it into a frenzy.”

every day the same old same old, trying to take the ****. since when has asking for a dm meant a fight. little boy you are a keyboard warrior that can’t handle it when it’s returned with interest.

curtesy my ass.

Little pip boy.

Look back at who started the name calling and insults, wasn’t me.

Constantly requested you and your bully boys to allow me to go about my business.

Never run away from anything boy :)

Support at 1555 broken, could keep drifting down but perhaps a bounce Monday.

Some decent pips could have been made since the TU, what you reckon boy?……rhetorical question :)

I’m guessing the usual personal insults rather than sticking to the subject matter.

So energy supplied up 78%, income up 40% but spot gas price only down. 17%…..so the fall in income doesn’t quite stack up does it……but then YU aren’t buying at spot price are they!…. derrrr.

Nothing I’m guessing in response to their £32m provision for bad debt either, as per ADVFN board.

Going nowhere IMO until the 18th March.

Anyone any views on their £32m bad debt provision at H1?, which equates to over 10% of H1 income and up £7m yoy. They mention 2% bad debt as a snapshot metric but actual provision is virtually on par with net profit for FY24.

Serb

With respect no analyst IMO would define £644m as approaching £650m.

A trading update should have no ambiguity, and be succinct and precise.

Why do you think the market reacted in the way it did?.

BK promised to provide more clarity and comms to the market (listen to his FY23 H1 presentation towards the end - doesn’t keep his promises)

Agree, the article seems to have inconsistencies with the TU, was flagging where did they get 34% growth from. £644m cannot IMO be described as “approaching” £650m, it’s more like £645m. That’s my overall point with their updates to the market, not clear when it should be. Likewise why not state a range and that they are expecting a slight miss in revenue but slightly ahead in terms of adjusted EBITA and eps. Doesn’t make sense that they would omit to tell the market earnings are expected to be slightly ahead.

BK makes promises about being more open and communicative but completely fails to deliver time and time again.

Here’s the article:

https://www.morningstar.co.uk/uk/news/AN_1737458206932911500/yu-group-shares-slump-despite-posting-30-growth-in-revenue-for-2024.aspx

Two filtered posts :)

Anyway, this article seems full of inconsistencies. They clearly stated TU did state “approaching £650m” Rev, that that clearly means it’s likely to be less than £650m, the article states 34% growth, don’t know where that has come from as that’s only £616m revenue.

The quoted house broker EBITDA figure does suggest eps could be in line, but guess we will see on 18th March, but don’t know why they aren’t clearer in their comms, why didn’t they give earnings updates in the TU and wtf will “approaching £650m” actually equate to?.

Had a cheeky look.

The paid ramper and his pet have accused me of being: Paul Scott (ex Stockopedia), the ex CFO from YU (whom I will email copy of the posting), a disgruntled ex employee (sorry chaps not true never worked for YU), a somewhat crazy poster on ADVFN (only have one account sorry chaps), the list is endless. Just because I post my views and facts that they can’t challenge or simply don’t like.

Hilarious, will see if the ex CFO thinks the same!

Nothing but filtered postings.

I bet not one is explaining why H2 revenue growth was half what they forecast, or why energy supplied was up 78%, Rev up 40% (shoukd have been 50%, H2 was 20% should have been 40%) yet gas spot was only down 17% compared to FY23. So is it non fixed contracts are at lower charge, their reducing charges to gain customers and / or Shell are taking income off YU thus margin?

Paddy

In fairness I’d slightly agree it looks below market rental rates, but that wasn’t really my point. Bobby bought the property I believe in 2013 for nearly £2m. Why with all the cash on the books arent they buying the property ?, doesn’t send a good message IMO in that has he held onto the property rather than show faith in the longevity of the business, prefers to lease to his business and get some additional income rather than buying the property for the benefit of the company and its shareholders. .Plus it was BK’s greed I was flagging, he’s just doubled his remuneration, has rental income, holds 51% and gives himself some nice share options as well.

He has constantly made promises about openness and communicating with the market more and has failed time and time again. IMO He needs to do a secondary placing to reduce his holding, improve liquidity and promote the business, but primarily he needs to keep to his promises.

Paddy

Just posting up facts. It goes to his own company.

Make of it what you want.

Energy supplied up 78%, but income only increased 40% for FY24, yet gas spot was only 17% lower.

H2 growth was forecast to be 40% (50% for the year) so must have only been 20% half what was originally forecast for H2 - why did growth fall so much?. Particularly during H2.

Looks to me like more customers on lower income non fixed contracts and / or fixed contracts that were based on SmartestEnergy pricing are now flipping to Shell based contracts at lower income to YU.