Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BK would obviously be tuned in. The full 40k would be awesome but even a slice would be good. Is it possible for the 40k to be shared? Either way, Yu is looking strong with cash, no debt, hedged wholesales etc so one way or the other you will have SMEs searching for energy contracts with fewer suppliers.
The article suggests more suppliers to collapse beforè end of October. These could also have SME contracts to be taken over. I really do see Yu as a winner from these circumstances. The Smartest deal is proving invaluable again.
Surprising to see though Pure Energy, backed by BP and CNG backed by Glencore, giving up. It seems the appetite from bigger players is not there for SMEs. This will play into the hands of Yu and Centrica I think.
https://www.bbc.co.uk/news/business-58903122.amp
Pure Planet and Colorado gone.
CnG mentioned as well...
Movement on good volume as well... little board chatter... usually a good sign
Inflation is still the driver for me it should be at least. With macro news pointing to higher inflation, I'm surprised at the low PoG. Today's rise has more to do with broker upgrades
There was an article on energylivenews site in recent weeks about how business energy tariffs are at the highest on record (only going back 12 years from memory)
In any case, the real question is what Yu is paying for wholesale price. The retail price is easier to capture but Yu isn't forced to take loss making contracts and they've veen focussing on getting out of their low margin contracts also
More in the pipeline it seems including Whoop Energy
Ampoweruk owes the most, according to Ofgem, with an outstanding bill of £3.6million. Goto Energy owes £2.5million, while Colorado Energy owes £883,000.
Business-only provider Whoop Energy owes £56,300 and Home Energy Trading £2,500
Robinhood and citadel have taken a stake in amc. Big acreen cinema isn't dead according to some. Good reviews coming in for Bond
The general sentiment would be steer clear of utility retailers right now from traders. For LTH, a company like Yu that was naturally prepared for wholesale price fluctuations, will see benefits eventually. BK said as much. Fot shrewd investors new to Yu, I'd expect them to see Yu as a winner in the new supplier landscape. Otherwise, more suppliers are rumoured to fail this year
Octopus were looking at Bulb but it could still be bulb if Octopus can't make a deal work. Another is C&G, a fairly large pure gas play. Of the big 6, I don't see how they can't weather the storm. Centrica has a E&P including gas so it's making more money for current prices.
I'll keep an eye out for news articles and RNSs. Christmas is always a busy time for grocers and if there are fundamental changes to the industry, be it labour or energy or transport etc, M&A often follows...
I see shorts still at 4.32% according to shorttracker site so some way to go yet. If the fine amount is manageable, this will be the sfo episode done with and another steep climb. I suspect shorters are still betting on a crippling fine