Thank you for your kind observations - what you fail to understudy that fundamentally this sector is flawed. Cash position or no cash position, the Goveryis changing the way these companies receive revenue - sort of half way to total rwgugulation - they earn their money same as utilitywise- so sooner or later they are f****d
I am simply taking a broader view and have been studying the accounts of energy brokers in general and some of the very long (30 years plus) companies in private ownership have continually posted weaker and weaker results. Some of the medium sized brokers were purchased by large international organisations and each one is filing poorer results. Ofgem is seriously contemplating introducing a cap on the amount of fees these energy brokers can charge. This will limit the revenue per kwh which in turn will have a knock on effect on their profitably. Not looking good I am afraid.
I think the days of utility brokers are coming to an end. Inspired Energy have a lot of debt, they have grown too quickly by acquisition, they have diverse sites, they have increasing number of staff; all of which is identical to utility wise. Too many similarities = Danger.