RE: Spark Energy goes bust26 Nov 2018 10:13
Come on get real. YU claimed that they were in profit and making 18% plus margins. They then found a £10m hole - oops! Then said perhaps they would not be in profit and margins were not at these levels. They will be eating through their cash - no profit means that they are likely to need a cash injection on the hope that margins improve in a very competitive market. They bought expensive offices, pay £250k+ for each exec, took on too many staff when they though that they had high margins. All I'm saying is that if other small suppliers that are making a profit - such as Spark can't make the numbers work why can YU. Just a warning to investors to be careful with the current high market cap.