Member Info for MKS123

I'm looking for a good response to their new tariffs started in response to covid. I'd like to see a sharp pick up in energy usage. I'd be looking at the cash balance and debt collection figures. At last update, these were still very good. The main issue I feel, since the last update, is actually the energy usage more than anything else. Hopefully new customer wins has offset a lot of the 35% volume reduction.

Buyback isn't priority #1. If Yu are able to buy business then I'd say that is better long term

Good buying so far. The next update should give full picture of covid impact. Looks like the UK will focus on local lockdowns minimizing further impact. I feel sorry for some of the factory workers in Leicester but the sad truth is businesses do need to plough on sometimes regardless even if breaking guidelines. UK plc still has a future for SMEs

Is it confirmed when in July the update will come?

I expect a good response to the new tariffs and so good news on customers. I expect ussage to be much less than 35% below normal. I'll be looking at revenue and bad debts. I'd say the steps taken since end of 2018 proves to be saving grace compared with others

Yu won a financing award. Happy days

Don't think it'll be a "ripple" if majority of populations haven't had the virus (only 5% in UK from what I read only yday) and looking at the infection cases in orher countries then we could just go back to where we were in March unless some form of distancing is maintained

Very positive. Robust client base. Profitable. Highly cash generative. No debt. Growth sectors. All-in-all, a relatively smooth covid period.

Opportunities remain nonetheless. Yu is competing against mainly the big 6 who have larger cost bases in a climate of falling wholesale energy costs. Should Yu stick to their current "reset" priorities of being selective on customera and credit risk etc, then the future is bright. Not to mention that as competitors fail, fewer suppliers will remain. No doubt SMEs are failing and resucing usage, but Yu's last update of a 35% volume reduction and 98% collection rate bodes well now that the UK os coming out od the lockdown. When all said, the SP went from 60 to around 130 pretty quickly and is now falling back and profit taking and 2nd wave fears enter the frame.

2019 would be too soon. By their own RNSs, Yu is not expecting to be profitable until end of 2020 at the earliest and more likely in 2021. Covid was not factored in during 2019.

Update due in July for 6 months to end of June. Almost full impact from covid should fall under this period with businesses opening up now. Based on the last update, Yu should be in a good place. A lot better than the SP suggests

Positive response so far. Yu is a good way to get exposure to general uplift in the UK economy. The lockdown easing news is clearly welcome so I'm also expecting energy consumption to massively chip away at the circa 30+% drop.

The positive news from yday is sinking in...

Their net RO contribution, which is on ofgem's website is closer to 1.1m. This conversation has done the rounds before. RO payments are nowhere near 10m

Ontheupupup,

I'm not sure where you got 10m from for RO costs. It has been roughly net 1.1m in recent years whilst renewable energy has only increased. The BEIS website has details of ROC issued etc.

I'm pleased with the update including such positive traction into May as well . I'm genuinely pleasantly surprised and have added today as a LTH

Very impressive. Receiving cash and cash balance at end of April a lot better than I was expecting even with the 1.1m withheld. Current ofgem discussions ongoing about further help for suppliers by way of industry payment deferrals. Good job Yu

Wasn't the Octopus deal more about their Kraken software?

Shows as time of 11.20?

New Assist and agile tariffs by yu. Still looking to grow. Good move.

Adds clarity to who the seller has been. Coronavirus lockdown could be doing all sorts to his businesses