Member Info for MKS123

Updated yesterday with final analysis of last round of RO payments. As stated by Yu previously, Yu were not late with anything and are on the receiving end of redistributions. Some of these payments have been paid to Yu already and some more are due.

Published on Friday, reduced costs of distribution... should help suppliers like Yu...

The RO scheme including how it works, what Yu have paid in the past, how rebates work, even how much rebate Yu got in October is all on ofgem's website. Best to check there.

I've been adding recently at this level. Whilst there is no expected newsflow until Jan 2020, current mcap is 15m for a company with revenue of over 100m expected for FY 2019, new revenue streams in water and EV charging etc. and a lot of its problems behind it now. Profit is expected end 2020 or early 2021 by their own timeline. Cash in the bank will be around 15m itself after RO payments but this is yet to be confirmed. Ofgem will soon publish further RO rebates from late payers (by early December), and their licensing review that Yu is participating in ends 3rd December for feedback. All in all, I feel this is a good investment for me as LTH. I don't think you'll make a quick buck here like some day traders want...

I agree. Looks like a defo buy given the time and price paid. The size is probably the reason it shows later on this site under the trades list. Either way, looks ominous given such a large buy the sp hasn't moved again by much

More buys than sells but SP ticks down. Catalyst will be nature of news flow in 2020. In the interim, silver lining is to take this as an opportunity to top up as I have. Proof of company progress will come in their own RNSs but what I can tell from public info so far is that Yu is making the right noises in the right areas (SME business energy, EV charging, direct sales etc.)... At a macro level, wholesale energy costs are staying relatively low, regulation is tightening, and the worse of RO induced failures are tailing off

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Not that all customers post trustpilot reviews but Yu's trustpilot page ticks along with majority positive feedback....

I'd expect FY 2019 update by end Jan hopefully...

For all the "competition" and there is a lot mainky in domestic energy, ofgem were busy on Monday formally closing down idle suppliers. On the other end, late RO payment supploers looked to have paid their dues and figures are to be published on ofgem's website early December. That's good news for the RO fund and money due to Yu and others...

Good Energy to leave domestic market and focus on business energy in the UK instead... more on Telegraph site

Yu prefer direct sales but are on some comparison websites that I've seen. These are lower margin but brings volume. BK has spoken about it in recent RNSs

Including larger shareholders, 70% of shares are in "sticky" hands

On Yu's website updated on 29th October... Turner is there and 56.82% of shares are not in public hands. 16281055 shares in total

Update on ofgem's website also from 7th November 2019, I missed this earlier clearly.... Kensington Power Ltd are due 0.16% of buy out fund coming to £1.1m paid on 16th October 2019 with a further payment due by 1st Jan 2020 to ccover suppliers' late payments. This is pretty in line with previous years.

Upward trend in ROCs given to generators. With renewables projects gaining traction, this bodes well for suplliers like Yu and reduces the monies to put into the RO fund. Certificates should be more readily available. Full details on BEIS site

Trustpilot for Yu has had a lot of (mainly positive) activity when just looking for last 2 months. I'd also subscribe to Yu's twitter feed for updates if you haven't already.

Does look like a bit of corporate tidy up since other companies have been renamed to Yu xxx also all on the same date.

Interesting spot. How did you spot this out of curiosity? BK hasn't ruled household out forever but something like this would be a significant development.

You have yourself some trades fella...

On the aside, no updates on ofgem website about late RO payments for those that were issues orders...

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