Member Info for MKS123

From the circular...

Yu has 8724 meter points out of 1.7m in the market
16/84 bookings split between direct/indirect
Average contract length is 22 months
129 employees

I don't see the specifics of the smartest deal convenants though...

Yu can furlough staff like anyone else. They can and have deferred VAT. They mention this in their last RNS. And they're also talking about support with the Gov and ofgem. They mention this in their RNS also.

The financial impact to Yu to 31st March is immaterial. The issue is the length of lockdown/reduced consumption and what the SME landscape looks like thereafter. The Gov have already put help towards SMEs. Mass closures and unemployment is not in the interests of the majority

Thanks. Lots to read....

Likewise. More cash than mcap with only a tiny 0.2% market share of B2B. Yu was growing nicely before covid. Most of Ebitda loss was from H1 and the margins, revenue etc. Look excellent

Where is the 43 v 43 v 16% from sparky?

Solid update and if it wasn't for covid this would have been excellent. Good to know Yu can weather the storm and has more cash than current mcap.

The reduced business energy demand and likely increase in unpaid bills to Yu is no surprise. The fact they're getting better margins and more cash points to weaker wholesale energy prices and the smartest deal. Measures put in place from end 2018 are proving priceless now. The fact Yu still has a tiny market share really puts the current SP to be way too low.

Duke, tariffs have a standing charge regardless of usage. So the bill is never 0.

Not to mention Yu can scale their own growth plans and wholesale energy costs have gone even lower...

Reason for drop is same as market: covid19

Not sure how many SMEs have gone bust in your area but I'll wait to see how long the lockdown is first. I've not seen any boards in my neighbourhood. Usage will go down but credit risk has been a focus since end of 2018. If I was an owner, I'd be looking to borrow with the government helping and interest rates down to 0.1%. I do know the local restaurants are much quieter and thats been the case for weeks now but other businesses are very busy.

Bitbuybit, best to email whoever you want yourself.

From 28th Jan update and thenext update will have more details. More details in the smartest RNS also. Yu had been adding £500k pm over 2019

Group cash and trading counterparty deposits as at 31 December 2019 were £12.6m (2018: £14.6m), consisting of £2.1m in cash (2018: £14.6m) supplemented by £10.5m (2018: £nil) of trading counterparty deposits. The trading cash calls have been made due to the significant decrease in forward energy commodity markets experienced in the year.



The new hedging facility ("Facility") arranged with SmartestEnergy will materially reduce volatility in the Group's cashflow and cash balances caused by advanced deposits. The c.£13m Facility, which scales with the business, is anticipated to impact cashflow favourably in H1 2020 as the Group transfers its trades from its legacy arrangements to SmartestEnergy.

Just under 2 weeks left to update and on a day like this, it won't matter for the short term SP tbh. Covid has taken over the agenda for all shares now. I half suspect many LTHs have sold out just to pick up household name "bargains" elsewhere to make a quick buck.

Good thing with Yu is their cash pile, smartest deal, no bank debt of its own.

The current climate is what it is. Very tough and many companies hitting new 52 week lows multiple times in recent weeks. Too early to say with confidence there will be widespread SME bankruptices. SME owners won't roll over straight away and the government are trying to help before thats the case. If there are large scale closures, then thats a downturn all around. Yu, banks with bad debt, property with unpaid rent. If the UK lockdown is to last even four months, is that enough for the average bistro to go bust? I'm not sure. With circa 8k customers, I hope there is the economic diversity amongst the clients for Yu to continue with their growth.

I'm beginning to fell more, however, that the work done at Yu since end of 2018 will prove useful now including the smartest deal.

The support to SMEs with all the free loans will help yu customers. That's about it but that is big

Large uptick in UK planning applications for clean energy projects in 2019. Bodes well. Reported today on the Guardian.

Low energy wholesale prices has been going on for a while now and Yu have spent most of 2019 working on customer debt collection and streamlining costs etc. The smartenergy deal couldn't have been timed better for this reason. Whilst down, compared with other stocks Yu has done relatively well. They're taking on customers so I don't agree with most of what you said below moneyspider. Issue is if SMEs customers go bust, which the UK budget has already addressed. Othereise, Yu doesn't supply big airlines the last time I checked. Yu has no bank debt of its own

Its on their website talking about their wales onshore wind farm tariff

New green tariff being advertised by Yu atm, which comes from Wales and sounds perfect for producing ROCs . From the article also, turns out Yu has roughly 8k SME customers...

More ROCS, more renewables in Q3 2019. Updated today on BEIS site

If anything, the budget yday was good for Yu's customers: UK SMEs