Member Info for moneyspider

Looks like a great entry price - 3 interested buyers - very good upside here

They would have to announce to the market if they were making significant redundancies. I would imagine that both staff and investors are worried - so an update would be appreciated.

Does anyone know if INSE uses the same model as UTW to receive commissions from energy suppliers or do they get paid by the customers?

Totally agree - I will get in at a £1.

before buying in - been going down for several days now - can't see it stopping yet.

I hope this evening the BOD are crafting an RNS to update the market. Surely, if confidence is there in the business it makes sense to do this, or it will continue to fall.

With the huge falls, founder selling out and son in competition with the business I would have thought that they should issue a statement to reassure investors.

I did manage to average down after buying at the top after the management gave a glowing report. Sorry I don't believe the rampers views. My view is now based on a company that will not make a profit. It's a big gamble to hope that they will produce profits the year after next. Too long to wait - so I can't see any good news to come. I trade shares to make money, although I think that this is a crap company not run well, there maybe an entry point sub £1 that might be worth a punt.

Soon be under a £1

Huge debt in this business with Banks. The covenants will be under stress - can only see 2 outcomes for this company, either raise equity or administration.

Sorry, back again - have to do some work to pay for all the losses I make. But didn't get this one wrong. This is a massive sell - the rampers on here have no substance - bleeting on about TR1's - what that going to say then? Tell me?? Money in the bank?? they have burned over £6.5m since the previous update - so the £11.5m is not going to last very long in a loss making business with now extra costs to pay PwC expenses. Dead duck.

Lovely little profit this morning following yesterdays buy.

On course to meet full expectations - can't ask for more than that!

Yu never had any intentions of selling low margin business to capture customers - they stated that they had high margins, so was never their strategy. What happen is that their new FD has taken a look and told them. The CEO should have known, if he didn't that is incompetence and £250k a year paid for what? Perhaps the FD should now run the business, this might increase the confidence. BK took money out at the placing - so should be putting that back in and reducing the board salaries. Also how can a business not in profit be paying dividends - surely only when you have distributable reserves. I don't believe the numbers from 2017 now so the P/E makes no sense. There is probably some value in the customer book if sold to another energy business but way lower than todays market cap now that they are distressed.

It's happening - going down fast!

At this price too good to miss. Lots of cash in the bank.

Be careful, they have lots of debt and may breach bank covenants again. They need to put the business up for sale but it maybe too late.

The £10 a share was before the fall and based on future profits. A £1 per share or less would be the current valuation.

Accounting scandal. Loss of confidence in the management team with 2 accountancy firms now looking at this - probably at the insistence of the institutional investors. loss of profit for 2019 - what this level is has not yet confirmed. gross margins will be lower. Will burn through cash with the losses and now increased costs of the investigation. High directors salaries £250k, with £250k bonus each. The business at £10 was valued on a forecast of large profits and a fast growing business. If there is no profit how can this have a high value. Think that there will need to be another equity raise after the report by the accountants as they will burn through the £11m and this is not free cash as large amounts will be held on deposit for trading which they will not be able to use. Think this is a great short.

Hope that many of you made money out of the rise of the YU Shares I tipped last week. I feel now they have reached the top and will now fall back - so perhaps a short opportunity now.