Member Info for MKS123

Good to see the major shareholders section of Yu website updated recently to show no changes except for Miton earlier in the year. They had their reasons, retain a position and believe Yu to be undervalued. Those who want the specifics can rwad Miton's own RNS. With no listed major shorters, I'm keen to see shareholding news on the back of Yu's updating giving us a roadmap into 2021.

I'd be happy to add when funds become available. The RNS showed me a company heading in the right direction. Otherwise there were not any huge surprises. PIs hoping for a takeover offer or such have been moving elsewhere today. I'm hoping II start looking here for a longer term holding than most PIs.

Don't agree with you I'm afraid. This business is scalable and that is what Yu is focussing on. Economies of scale will drive through profits. If you're right, however, the new building Yu are planning to move into will be a waste of time.

I do believe buyout options will come eventually. Yu could be an easier target at the rifht price simply because BK owns over half the shares himself. Before then, there is plenty of scope for Yu to build market share. They're still a very small player, relatively speaking, and growing.

Continued M&A this time ERM Power, which supplies elec to businesses in Australia. The reasoning by Shell to expand further into electricity makes sense. I reference the coverage in the FT today.

Whilst this isn't about Yu directly, I'd think Yu would be easy enough to buy since BK holds more than half himself. Shell are already active in UK with domestic.

Yep. Very similar to yesterday. Not sure why lse shows it as Unknown. I'd like to see a RNS soon

@moneyspider, i've noted the same including ovo taking over sse accounts. But all of those is household energy. Yu is purely business energy and the 7.5 to 10% margin is gross. Yu is trying to grow volume, which is evidenced by their staff recruiting of late

Does anyone have any credible insight into the 2 large trades towards the end that didn't move the price much? They show just as ordinary trades in lse

Is lse showing this right? No trades until 917am and then a whole load within 14 minutes?

Itsagame, fair enough. Yu feel there are potentially 1m customers in the UK to target. They currently only have single digit 000s.

Sse ovo is domestic retail customers... quite ambitious for ovo to take on so many new accounts though. Good for them

Deanhopeful, can you elaborate on what you mean by down bets? I only see 11 trades in total for today starting with sells

Unless others can help me see otherwise, I see this as PIs selling (not shorting in large amounts). Some may be in profit. Others just looking to chase rises elsewhere. Either way, Yu has dropped slowly from 160+ to what it is today after two positive RNSs and generally making good noises around recruitment etc. 2018 gross margin was circa 7.3%. Mgmt are chasing gross of 7.5 to 10% for now. As a challenger, growing firm, I see this will rise sustainably. The mcap currently is way too low. In terms of timing, my guess is as good as anyone's.

Bit fetched to say its happened here for sure. If Yu has loaned this amount, it'll show in their own accounts. Either way, CFO and other directors and now eligible employees all aligned with shareholders through their SAYE.

@2227, why 80p? Is that a random figure or bassed on something? I could say £100 just for the sake of it.

Coming back to margins, in the 2018 report on Yu's website, gross margin is 7.3%. That's after restating numbers and after FCA, PwC etc. have gone over the company. Why some are banging on about 4% margins I don't know. Again, in 2018's report on Yu's website, the company is working on growth and currently has a minor market share. With over 35% of staff working in sales type roles, and the company hiring more sales people, the focus is on growing market share with better margins and controlling credit risk. To suggest whole of 2020 will be unprofitable is baseless. If you're right and there is no money in this industry, the CFO must be mentally ******ed for spending over £53k of taxed income. Also, there wouldn't be so many companies in this industry.

"Gross margin of 3%" not sure where you or your mate got that from. Its over 4% for retail market as per ofgem's website. Yu is business energy from renewables. The margins for renewables is higher. Details are also on ofgem's website. With ofgem only collecting big 6 data, Yu will not be listed mind you but still.

On the shares being worthless, the only reason they're this low in the first place is the FCA investigation and accounting mishap from end of 2018.

Yu make the right noises with EV charging, renewable sourcing and smart energy products etc. The customer service and water bits are what Yu push as their differentiator. That's from what I can tell anyway. Otherwise, they are competing with many other providers. When all said, the mcap is very low regardless

Directors did buy only recently at £2+ and £1.6 ish. In terms of margins, 7.5 to 10% is the target. For business energy, from renewables, going by ofgem's own website giving details on margins for July 2019, this is possible albeit closer to the 7.5%. Credit risk is an issue here that Yu are trying to fix.

Hard to understand why the drop given two positive RNSs with scheduled news on September 18th. No stated short positions etc. I see this as retails investors just trying their luck elsewhere. Yu will have to prove their turnaround is gaining traction and get II onside. 100m revenue is a good start IMO. I await September news now. MCAP level atm is harshly low.

@wongtogo do you happen to have any info on the shorts you speak of?