Member Info for ipcutler66

So another day of small but positive momentum, what are peoples thoughts on the FY 2022 figure.
I am currently favouring between 280m-290m at about 2.5-3% EBITDA.
With the interims delivering £129m - we should have 260m in the bank... its then just a case of what level of new customers come on board and therefore what the YE monthly bookings are.

I agree - at that time 280p was the sell price on ii - its now above that level at 281 sell and 285 buy when I test sell @ market price on their mobile app.

Will be really interesting to see the opening price tomorrow morning, if that delayed trade was a buy from earlier in the afternoon then we may see a price above 285p..... Which bodes well toward 300p this week.

Just before close today, I did a test buy and sell on ii mobile app and they were offering 282 to buy and 279 to sell - a very close spread...

The MMs still have shares at present as I can trade through interactive investor quite happily..

You are right but it does allow discussion on the changes and improvements to the company both in terms of processes and new Non execs added to the board. All of which have strengthened the company and are the reasons behind the turnaround and drive toward their stated target of £500m turnover and 4%+EBITDA

The accounting issues were due to internal processes and controls not being present / followed correctly (we will never know) - this hit the accounts for a whopping £10m back in 2018. The FCA were happy with the auditor / company review that followed and decided to discontinue their review of the company in May 2019.
The positive that came out of it was they put in place proper controls which led to improved profitability of their new contracts as well as improving the hedging processes. All of these changes together have lead to a much improved and more robust company - which is what we are seeing in the interim results and shortly with the FY22 results.

https://www.lse.co.uk/rns/YU./trading-statement-and-accounting-review-afhjg1bq6cjcnzp.html

https://www.lse.co.uk/rns/YU./completion-of-fca-investigation-x5y4s58flum8kt9.html

£3.02 for a £50m market cap, not far away at all now.

thnx, couldnt see those for the life of me :-)

Was it over the 3% threshold as I cant find an RNS on it?

There is certainly upward pressure today

What do people think about the positives and negatives of the energy price cap... It helps YU with potential bad debt but will it impact new customers as everyone has the same prices?

The other thing that has been mentioned before is that we are only a short time away from the results Afro the long term incentive plan for the senior team. They have a vested interest to deliver a share price above 500p by March 2023.
RNS 5th October 2020:
“ The potential level of vesting of tranche 1 will be determined by the average share price over the 20 consecutive trading days following the announcement of the 2022 Group results in or around March 2023. During this period the average share price must be equal to, or exceed, 200p to achieve a 50% vesting. A share price below 200p will result in no options being vested. If the average share price is at, or above, 500p then 100% of the tranche 1 options will vest.”

I concur with the HNW individuals / II's being lined up and I also think this is why there is not a lot of active promotion / news going on yet, they want these guys on board before the price rise comes in....

I have been invested in YU energy for a few years now, waiting patiently for the company to complete its turnaround. I think that the time is very close for them to deliver on the promised return of shareholder value.
The recent interim's, alongside the company presentation, show that by the end of FY22 they will be producing a significant profit. They are clear that they want to reinvest some of this in Smart Yu and the continuation of the digital by design strategy, Smart meters will help drive better margins and lower bad debt, but if they deliver at the top end – circa £300m turnover at about 2.5%+ EBITDA, then they should have enough cash to carry that out and potentially deliver a small but welcome dividend. This would be a game changer to the share price.
Slide 15 of the interim presentation is very clear that they are targeting £500m with 4% EBITDA for FY23, if they achieve this then the share price should easily get to the brokers rating of 590-610p
The major negative at present is the economic uncertainty surrounding energy prices, but YU are somewhat mitigated by the robust hedging the company has in place (as demonstrated over the last 18 months), the allocation of a significant bad debt in their plans as well as the government underwriting energy costs for 6 months.
My own view is that over the next 2 months, before a trading update hopefully in mid – late December arriving at this point due to the uncertainty in the energy market as a whole, we should see a slow steady rise in the share price as PI’s continue to invest. Once they deliver a positive market update beating market expectations again, then the share price will fly.
We could do with some better publicity from YU and their brokers, but I wonder if they are trying to bring in some institutional investors and so they are keen to try to keep the price lower to make that more feasible?

Normally brokers take the full amount of cash to purchase the full amount of shares applied for, then when they know how many we have been allocated they return the rest, albeit much slower than they should. It is detailed in the T&Cs of HL’s process. We should find how soon what % of excess shares we get.

Having been invested in 7dig for a long time, they have never been profitable, so they cannot be aiming to return there. However they are about to become profitable for the 1st time in H2 this year. This should then be transformational for them, especially given the potential growth from Triller and other new contract partners.
DYOR
Ian

You can do what is known as a Bed and ISA - your broker will sell from your trading account and then buy back at the same time into your ISA - ask them about it. It is easy and normally should only incur 1 set of costs.

My understanding is that as soon as you realise, or sell the shares you are liable at that point for CGT. It is your responsibility to complete a self assessment and / or notify HMRC. If you don't then you are breaking the law and could liable for fines etc. It doesn't matter if you reinvest it straight away as you have made the gain. However you can in some circumstances offset gains against losses made but you should take advice on how this operates rather than info from a bulletin board as HMRC give out large fines if you get it wrong. Best advice is to get your shares into a stocks and shares ISA asap, using the bed and ISA process that most brokers offer.

My understanding is that as soon as you realise, or sell the shares you are liable at that point for CGT. It is your responsibility to complete a self assessment and / or notify HMRC. If you don't then you are breaking the law and could liable for fines etc. It doesn't matter if you reinvest it straight away as you have made the gain. However you can in some circumstances offset gains against losses made but you should take advice on how this operates rather than info from a bulletin board as HMRC give out large fines if you get it wrong.