Member Info for moneyspider

I agree, some buying behind the scenes. Scare the small investor - get their mates in for the big rebound when someone comes in for this business.

Maybe Bayford are buying again. Ripe for a takeover.

Shell will be all over this at the current price - BK will have a lot of pressure on him to drive the price up or sell the business.

This market is now for the bigger players with plenty of cash. YU have lost the trust of the institutional Investors and should have been an acquirer of these businesses, but won't have any access to capital. So BK has got to consider the option seriously, sell the business now for an upside - say £3/share and walk away.

UK only - have a look at their accounts. 200k residential customers and 2,000 business.

Sorry got this wrong. Accounts show £434m T/O and a profit.

£150m plus

Shell have just bought Hudson Energy one of the larger business energy suppliers

Question - how did he know that Jonathan Turner was snapping up shares on the 23rd Sept - it wasn't announced until after then? This is fake news! I still standby what I said that they should tell us what the large industry payment is in £'s - they must know. The good news if that the market is aware that a competitor has bought 5% of the equity and must sense an opportunity to buy the business, others will now look! That's why I now think money can be made from these levels.

Now that we are starting to get interest - others will look - maybe OVO or Octopus - feel like £3/share should do it.

Bayford also have over 10% of Fulcrum Utilities and the CEO has just left that business. Looks to me that Bayford & Gulf are looking to grow a large business supplying energy & smart infrastructure. This is start of a take-over approach for sure. I will be topping up as there is now a good possibility of upside.

That's my view - the company need to tell us how much the large payment is - what is large? BOD not being straight.

Sure but on much lower turnover - they grew the customer base and revenue remember - so have to pay for it.

Sure, I agree that we don't know and are just guessing but the total amount to be paid is around £11m - just don't know if they have already paid for some of these - I suspect not with the large accrual on the accounts.

That was last year - not the year that these are being billed for. Who knows what they have done - I can't see the prepayment in the accounts? Why mention that the £17.4m is enough to pay the large payment? You must agree that they should just tell us what the large payment amount is rather than just say a large payment - they will know exactly what this is.

Agreed - how tell me how many has been presented? The company can choose to buy them in advance or go to the buy out fund. Please show me where they have claimed these purchases?

Don't know - wish they had told us. Don't think they have any from the accounts looking at the large accrual of £22m

I was asked how I came to £11m for RO payments. I maybe wrong and have made some assumptions, but here goes:

Revenue = £80.6m, say gas is 15% of this that leaves £68m on electricity. At 14p per kWh average that would equate to 489,600 MWh of electricity purchase. So they would need to buy 0.486 ROCs per MWh, so 237,945 ROCs

At £47.22 per ROC - this would be £11.23m. As a sense check Ofgem site says environmental / social costs in an electricity bill is 20.44% of the total (RO would be part of that)

The ROC payment will be around £11m on their turnover, way more than the £1m stated. Just check the facts on the Ofgem website of how much they have to pay, around 13% of the turnover. They have collected this money by charging this on customers tariffs, in effect they are a tax collector like all energy companies. Clearly, they have not paid that yet and they know exactly what the payment would be. This is not their money, so the cash position of the business is not as stated, another slight of hand trick to try and present the business in a good light. The times on Sunday said that there are 9 energy companies that will go bust in the coming months - all probably due to the fact they have used customers money to fund their business and now can't afford to pay the ROC payment. BK has taken millions out of the business when it floated and a £250k salary and granted options - perhaps he should be giving that money back to help fund the business so shareholders are not left to bail out the business.

The BOD need to release an RNS to tell us how much the large payment is - they will know exactly. Until then the speculation will be that they need to raise more cash to stay afloat. The City has lost faith in this business as they told lies and now margins are far worst than expected.