Member Info for sparky333

also it is Oct in 2 days only 3 months and we are in 2021 so 90% of low margin legacy contract are done and dusted

agreed, some real hits being taken by 70% of companies yet the SP's are doing rather well considering truly astounding yet Cash rich, debt free microcap turning the corner is ignored.

key words here, Cash rich and Debt free.

turn a profit in 2021 and this has multi bagger written all over it

As with any business it is all about net margins.

In 2021 I guess net margin will be 2 to 3%

The new contracts where slowed on purpose and went as low as £3.2m per month.

Last update this had nearly doubled to £6.2m

Legacy contracts was 35m outstanding in 2020 and I think 5m in early 2021.

Outlook is key tomorrow

Big day tomorrow , we already know the turnover and loss for H1

key looks outs for tomorrow

1. Outlook and how has the business performance since June
2. New booking and meter points could be close to 15,000 up from 9000 due to organic and Bristol energy
3. Monthly booking rate
4. Gross Margin - how much left of legacy contracts
5. Net Margins
6. Outlook
7. Cash - has the annual payment been made if so a decrease in cash if not could be pushing 18-20M

So in summary H1 is over which was horrible for everyone and YU did really well , now looking forward how is the business Post lockdown - are we on track for H2 breakeven ? if so 2021 is going to look very rosy indeed

Miton buying a large stake speaks volumes

30th sept.

Watch out for margins gross and net as legacy low margins close, and high single digit increase towards 80% of turnover.

I expect H2 breakeven therefore FY loss around 1 to 2m COViD ruined FY net profit for 2020.

2021 will be 3 to 4m profit on turnover of 130m is my guess.

Great endorsement from Miton taking suck a large slice - could be fire works soon if another II gets on board and especially with H1 so close

Miton taken over 5%. Very bullish

Not long now to formal H1

H1 numbers on the 30th Sept

key things to look out for as we already know turnover for H1 but clearly stated getting back to Normal usage also backed up by increasing traffic and workers getting back to the office.

1. we know it was 9000 +4000 clients has this moved up further ?
2. outlook for H2
3. Cash , we know the normal Payment is due H2 but was 17.8M cash at trading update
4. Forward statement - I think customers number are rapidly growing over and above Bristol energy buy

I personally think we could be breakeven/ small profit H2 , but 2021 is where it is at and I think I have said before profit of several million ( 2-4M ) and turnover pushing 130-150M as over heads reduce and low margin contract have totally gone therefore giving a net profit margin of 2-3%

if that's the case our value should be 4-5 times current SP as the cash pile grows and PE under 5 for a business growing very rapidly even during unprecedented times

So money spinner what do you value YU at ?

Also together energy turnover 35m last year and lost £1m

YUs turnover was Nearly 3 times higher

Light bulb moment moneyspinner ?

Been saying it for months. YU has grown its client base to 14,000 from 9000 and did that for 1.34m which also includes £1m of revenue for Aug so the deal was actually for 0.34m WTF !!!! Yes 580k debt due Aug 2021 still an absolute steal.

We are undervalued by many multiples

Shame, but Yu got 4000 SMEs from Bristol most of which stayed open during lockdown for £1.34m with £1m in cash receipts in Aug so 0.34m but 580k in liabilities.

Good deal. So currently 13,000 clients interesting to see H1 numbers.

Best to grow organically for few months and settle in the new customers

Incredible SP up and down like a yo-yo

From reading some press on RHE I think they are going to press on for a while. Silly if you ask me as Tax payers money. Not looked into the other company.

Interesting wih the buying today as YU announced on Twitter the migration of Bristol energy staff is complete so I assume he B2B book as well. Well done YU

Some chunky buying today in 25 and 10k blocks. Looks to me seller it out and we have a new kid on the block buying up everything

Especially as meter points up to 9000 pre Bristol energy, cash rising, margins rising, turnover down due to COViD but not unexpected.

Overheads down to 6.3

TPI 84% in 2019 so why now an issue ? Without seeing H1 figures in 5 weeks, very odd

You sold out now ?

Must leave a bitter taste at nearly a 2 year low.