RE: Running some numbers - Intersting11 Apr 2020 23:46
Having bought into Yu Group over year ago I now hold a large number of shares and I must admit the lockdown is making me twitchy to say the least. My biggest worry is the amount of gas, electric Yu have forward bought at a price pre shutdown. If customers then either do not use it or worse case go bust Yu will have to sell this back to the market at a much reduced price, this will have a much larger impact than just usage alone. IMHO, of course I might be wrong.....
At least Yu are in a lot better shape now, there has been a huge change in the way the company is run and performing. If this happened 12 months ago I think it would be very difficult to weather the storm.
I have everything crossed that they pull through but it will entirely depend on the length of lockdown and speed at which business gets back to normal.