Member Info for sparky333

Just for the record

Gross margin improved to 4.9 per cent. for FY 2019 (2018 restated: 4 per cent.), and 6.7 per cent. for H2 2019 (2.1 per cent. for H2 2018).

Trend is gross margin is improving significantly and H1 was probably higher than 6.7 not 3.

That is why customer numbers dropped in 2019 and new booking down as they worked through the expiry of the very low margin business.

Now all new booking are high end single digit at 6.2m a month.

These are the facts from annual report and when half your figures come out I expect margins will be at or around 6-8 % but will some low margins to wash through until 2021 as they have stated.

· Reducing impact expected from legacy, low margin contracts in FY 2020. New contracts secured at higher margin

· Sales bookings achieving higher gross margins and increasing in H2 2019

Therefore if they book 120 to 130m for 2021 and overheads stable a net profit for 2021.

2020 if no second wave break even or slight loss, FY

8,724
Yü Group meter points In 2019

Yes YU do report customer number it’s in the annual report. 9400 ish 2018 and 8500 ish 2019 the rationale was for the drop was dumping the very low margin customers as they openly told the market.

Read the annual report

Fixed rate change is not 20% is 159p per day. Gas is cheaper at 79p.

So how do you get 20% and 20% of what ? Usage ?

https://smallbusinessprices.co.uk/electricity/

Interesting, why makes you think the customer book is declining ?

Yes H1 revenue down agreed. But this is due to 90% of the U.K. in lockdown and limited usage. Therefore normalised revenue stream didn’t apply That is why revenue down to 45m from 56m.

Agree or disagree ? because you actually have no idea on customer numbers from the trading update. Also COVID-19 shut the majority of SMEs for 3 months so you could argue a 11m decline is actually a good result ?

Rgr

I will plump for 135m turnover FY 21

So FY revenue is going to be less than £60m when 45m even through Covid 19 and lockdown.

Okay let’s see my man

Ontheupupup, 39 posts since becoming a member 35 all negative on YU. Hmmm rather fishy also.

Double tag team with tommy ?

Oh look it tommy now who has only ever posted 3 times and always to make up **** on YU.

So that’s 3 guys who only ever post after results and try to hammer the SP down every time

Very desperate guys, bitter investors and ex employees written all over it, as so religiously return to a stock they have no intent in as such a bad company to protect us PIs.

Very sad tactics

I just can’t be arsenal digging out the detail to prove you wrong again on point 1
It’s a trading update FFS not FY figures
Margins especially as YU would have forward hedged and not used it all therefore sold back at a loss.

I suppose YU is all alone on that as well , shame on YU for not planning for a 3 month lockdown.

My only gripe is BOD not buying shares

Boring.

I really do not know what your agenda’s are but it it obvious to cause as much mistrust in the company as possible.

Since when do trading updates go into that granularity for any company erm never for a for a micro cap.

This isn’t Lloyd’s bank

The only point I agree with is Directors having skin in the game. BK has plenty the rest have really disappointed me so far. I own more than most of board.

The rest is the bitterness of a holder prior to 2018 issues which was a really poor CFO IMHO the new guy is very sharp and spotted the failures very quickly.

Books have been reviewed twice and FCA this company is probabaly the cleanest in the AIM.

ROCs how many times do we go over this read the bloody OFGEm annual report 9m WTF no where near this and 2019 was actually 3m READ the report.

So actually YU will pay less for 2020 as turnover is down due to COVID.

H2 will be really strong if we do not get a second wave and actually turnover due to new contract wins could still beat 2019.

Profit this year, depends on H2.

I just wish people would stop make stuff up especially on ROCs

YU the supplier

Also just for the record I have been on OFGEM and Yu paid 4.6m in 2019 for ROC but also got 1.3m back in the redistribution so how the hell do you get 11% of turnover ?
as the green offering is gaining momentum this should be less for 2020

And out of the blue comes the main man with nothing positive to say. We have just gone through unprecedented times and your complaining at the loss, incredible didn’t you say 90% of revenue would be hit ? Also you stated FY revenue would only be £52m look at your posts.

Every result you come and scare monger it’s getting boring now dude

Press never have anything positive to say about anything, so why are you surprised. The H1 numbers are bloody positive no doubt about it, but no far easier to write pandemic smashes revenue. Than strong performance during unprecedented global event.

Of course revenues hit for 99% of U.K plc as the whole county shut down for 2 months DOH

Also director buys in bound ?

Can’t work out what is going on with the trades was the 40k a bit ? Looks like it

Anyway something is afoot With such large volume

We have sellers, with such strong results, especially as we are debt free, strong customer wins up 100% on 2019 and getting back to pre Covid levels of usage.

Short sighted if you ask me but 2021 is what I am waiting for

Also do not forget NO DEBT to service and no intention to raise any which again is a massive plus.