RE: YU recruiting14 Jun 2020 21:08
I am sorry but if revenue declined by over 50% this is a material change and the market would have to be notified. End of story.
Yes revenue will decline no doubt about it unless new bookings make up for the revenue decline.
You are making so bold assumptions, revenue for 2019 was over 110m a 50m decline is in anyones book significant so would already have been reported to the market as we are already half way through the reporting year.
Therefore I dispute your numbers which are based on what ? Your opinion which your entitled to. The AGM statement which was only a few weeks ago only highlighted a 35% reduction in usage during April due to lockdown but monthly booking increased from 5.4 to 5.7M during this period so how vacant even consider those numbers ?
July will be here soon enough so that will clarify things as revenue should be close to 50m even with COVID impact.
You talk about business failures, yes this is inevitable, but YU have a new risk management system which one would hope makes them more immune than the reckless companies like Robin hood and Bristol energy who just take on anyone to improvement client numbers but loss making.
That was YU pre 2018. YU now is a different beast.
We could debate his more but pointless as we can only go on the facts and wih the AGM done the future is very bright, cashcollection at 98% even during lockdown.
So no reason not to be bullish because YU have no debt, plenty of cash and the weak will fall as we are already seeing with Robin hood and Bristol energy both up for sale.
Yu is 16M MC not 160m it isnt overvalued but undervalued based on current and future market share
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