Member Info for sparky333

Who where you with ?

I see this as massive opportunity

Exactly, but if carnage with companies folding next week as indicated YU should release an RNS ahead of results.

Hopefully to busy winning new contracts and July, Aug and Sept have been like the £18m in june

YU need to get these results formally out and give a statement of July, Aug and Sept performance and outlook to the end of the FY.

We know H1 was exceptionally strong with June being a bumper month, but yet again company PR has been dead bar the trading update.

The customers of these two failed companies goes to a big 6 again

Money spinner has always flip flopped on YU. Next week best thing since sliced bread

That is not true the energy bought will be bought over the contract period at the current rate for that period. It’s called hedging. To protect about these things

Utility Point and People's Energy have ceased trading

Indeed

There is a reason those customers are not originally with the big 6 DOH.

Because they are shocking at customer service, no matter because a lot of the SMEs will leave anyway and hopefully find there way to YU energy

Allocated by OFGEM what a surprise big six yet again.

I thought OFGEM wanted a competitive market yet give all the failed companies to the big six.

Disgusting

Yep H1 results, most of which we know already from the trading update. What we need to know is how the start of H2 has gone as H2 is normally 50% higher turnover than H1. If H2 has got off to a blinder FY numbers are going to blow house brokers numbers out the water

Interesting wonder if OFGEM will do the normal and give to one of the big 6 as that seems to be the normal

PfP Energy and MoneyPlus Energy have ceased trading.

If you’re a customer, please don’t worry - you can rely on your energy supply as normal.

These government contract are not to be underestimated and a massive pool of billions in annual usage with guaranteed timely payment with next to no risk. Will be interesting to see how successful they are going forward. Bristol council already in the bag as recently renewed so YU are obviously competitive with the big boys

Accessing high volume and good credit risk public sector opportunities
Our flexible, scalable billing and customer management systems have enabled us to break into the public sector. The flexibility in our billing platform has allowed us to deliver the bespoke requirements of public
sector bodies. As a result we are now on the Government’s Dynamic Purchasing System platform, enabling access to high quality opportunities, as evidenced by the renewal of the Bristol City Council contract.

Also YU are now on the government portal which opens up a whole raft of government contracts to bid for, very low risk credit wise.

I am with you with regards to large CEO ownership I look for shares where the board have Skin in the game.

YU massively ticks this box

Indeed and totally agree. I can see YU becoming a huge company in the next 5 years look how Some players have grown in the domestic market over the last 5 years to really topple the big 6.

YU is different they are SME focussed which has added bonuses

1. Higher revenue per client
2. Less bad debt risk and YU have outstanding Credit risk management.
3. They are the only company that offer, gas, electric, water and EV charging.

In a interview In Feb/March I asked the question, where do you see YU in 5 years time and I quote turnover over £500m

With the digitisation drive net margins will continue to increase and can be seen by the H1 numbers if history repeats itself with H2 normally 50% higher turnover this year could reach top end £150m

So even the £500m in 5 years looks conservative as 2021 has thus far only been organic not acquisition based.

EV I expect will also explode over the next 3 years.

39m MC with no debt and growing that fast is insanity and one day the heard will arrive and this will have a MC in the hundreds of millions not 39m