Member Info for moneyspider

At the beginning of the year they said that the unit would be tested and certified - please can we have an update? From their RNS: At this juncture the company has agreed with Enertek International ("Enertek"), which is based in Hull and is one of only two engineering laboratories capable of fully testing microCHP appliances in the UK, that the appliance will be delivered to them in the second half of January 2016 for independent third party testing. This will allow Enertek to acquire certification for field trial use in real world installations such as commercial plant rooms and domestic properties. Enertek will complete safety and performance testing during January and February prior to EC Certification via BSI Certification which involves testing the appliance to European Standards covering gas safety, electrical safety and thermal/electrical efficiency. Once certified to the relevant European Directives the Inspirit Charger will be released for field trials. Prior to commercial production, the Inspirit Charger will be submitted for MCS Certification enabling it to qualify for the UK Government's Feed in Tariff (FiT). Although the appliance is designed to be commercially viable in production without subsidy, the FiT will greatly help the development of the microCHP market sector in the short to medium term. Testing of the first Inspirit Charger at Enertek will take approximately six weeks. Once testing at Enertek is complete, this unit will then be installed with the first of our field trial partners to prove real world performance.

Sold out and will get back in if it falls. Overvalued at this price. They will now be under extreme competition from the bigger companies who have hedge forward for this winter. The energy wholesale prices have gone up so I think that YU customer gains will reduce. Be interesting to get an update from the company on this winters sign ups.

Was really surprised and delighted that they will be in profit this year. Hopefully they can continue this great start.

Good set of results - Well done YU Group.

It looks like there must be a bid for Opus if they have appointed Rothschild. TEP own 20% so should be a great cash windfall on its way soon.

From the RNS in December they talked about testing - has this been completed and have they now got CE? Thought that this would have been big news and worthy of an RNS! "At this juncture the company has agreed with Enertek International ("Enertek"), which is based in Hull and is one of only two engineering laboratories capable of fully testing microCHP appliances in the UK, that the appliance will be delivered to them in the second half of January 2016 for independent third party testing. This will allow Enertek to acquire certification for field trial use in real world installations such as commercial plant rooms and domestic properties. Enertek will complete safety and performance testing during January and February prior to EC Certification via BSI Certification which involves testing the appliance to European Standards covering gas safety, electrical safety and thermal/electrical efficiency. Once certified to the relevant European Directives the Inspirit Charger will be released for field trials. Prior to commercial production, the Inspirit Charger will be submitted for MCS Certification enabling it to qualify for the UK Government's Feed in Tariff (FiT). Although the appliance is designed to be commercially viable in production without subsidy, the FiT will greatly help the development of the microCHP market sector in the short to medium term. Testing of the first Inspirit Charger at Enertek will take approximately six weeks. Once testing at Enertek is complete, this unit will then be installed with the first of our field trial partners to prove real world performance."

looking at the Haven Power results this morning, I am now very worried about YU Energy's ability to generate margins to cover it's costs. Haven had �650m T/O and only generated �10m gross profit. Does anyone have any views?

JC - doesn't make any sense. A £4,000 saving even in the business market. A 3kW device does not get FiT, so if it ran all year every day for 24hrs - which is impossible and say the spark spread is 10p/kWh. Then 24hrs * 3kW * 365 day in year * 10p saving = £ 2,628 max saving. Then you have to factor in the cost of the unit plus installation. Very misleading quote from John Gunn.

The Dividend info was listed in the Shore Capital analyst note that I saw. This is not in the public domain but you might want to call the company or email them for comment? It says that they plan to pay a dividend this year and then increase that over the coming years. I'm sure that you are right that this share has not yet entered into the public but once it does will rocket.

Now another string to their bow. Paying a dividend as well at the end of the year. Very good progress.

Yes looking good

In his interview he said that the customer would save £4000 per annum. How can that be when the average electricity bill in the UK is around £400 per annum. Lot's of claims here, rolling out in the highstreet - who too? They RNS everything so why wouldn't they tell us. Can they show us one perhaps installed anywhere, even in their lab working? I agree with JeffreyG would steer clear of them. No revenue, no boiler, no chance!

Happy with the share - be good for some news on new customer numbers.

Partnering with such a big company in this space can only be good for UTW.

Any news?

With the Big 6 players now under pressure the opportunity for YU Energy to grow is massive. It they grow from 1,700 customers to 12,500 (Target) that will be impressive. Energy suppliers such as OVO Energy and First utility are valued highly - so this company is a reasonable bet.

They told us this years ago - when they said that they had contracts set up to install in care homes. Making one unit work does not go anywhere near to having thousands made to the same quality - and what price? They said that they had a major manufacturer (LOI) - did not hear anything more about this. I have sold out - not a good investment. Goodbye and good luck to all holders here. But I don't trust them - just go over the RNS's.

That was an RNS about a trademark application - nothing to do with the certifications of the product. I do have a great concern that they stated the following before: The Company announced on 15 June 2015 that it had commenced construction of its first verification boiler and that it intended to ship the verification unit to Enertek International Ltd. ("Enertek") (www.enertekinternational.com) for testing the unit's conformance with the European gas appliance directive. Once the unit is accredited under this directive, the Company intends to commence field trials. The proposed placing will raise working capital to fund the company's development through this phase. Why have we not got any news on the progress - surely it must have been through the testing by now? I can only think that it has failed? Has anyone got any info on this?

Looks like the Lenigas empire is starting to crumble. I hope that the confidence here is just not another ramp before a placing, which I suspect they would struggle to raise the money without any firm positive news of working boilers in customers sites.

Clearly the market for mCHP is massive. This company should be valued at hundreds of millions not the current level. John Gunn sees them as the iPhone of the industry.