Member Info for sparky333

not sure but they took a 20% stake in Octopus for £300M

what surprised me is Orgin Energy values Octopus at £1.5B

for 1.5M domestic and 1200 SMEs we have 9000 SMEs and valued at £11M

domestic clients are not at lucrative as SMEs , but a large margin would be interesting to see the breakdown of what the industry values an SME at compared to a Domestic client

Octopus Energy secures major £300m injection from Australia's Origin Energy.

So Octopus energy has just 300M sterling investment for 20% of the company for a AUS energy giant

A subsidiary of Octopus Group - the UK holding company that also includes renewables investment, venture capital, investment management, financial advice, and real estate arms - Octopus Energy currently supplies gas and renewable energy to 1.5 million domestic customers and 12,000 businesses in the UK.

so they supply 12,000 businesses which is 30% more than YU - would be a nice fit for Octopus to take YU. on with 9000 SMEs for peanuts.

I think we are in for interesting times ahead

Not bad after a nice rise following last Friday and large volume.

I actually think the seller is done now.

just my thoughts

What ever happens with COVID 19 there will be an effect globally and a major recession, no doubt about that. that is why Oil is trading at such low levels and will do for years as demand will not be there. Like all recessions it will end but the question is how long, we never actually go out of the 2009 credit crunch as interest rates still historically low so the central banks have lost a tool to combat it. Therefore this could go on for many years.

Who wins in times like this ? Defensive stocks, Gold, Food, Utilities.

so that is why I am in YU group a defensive stock with no debt, low SP , reset the business 18 months ago and cash rich.

yes they will be hit with Bad debts etc no doubt about it but there will be carnage in the sector with companies like Robin Hood energy going to the wall with huge debts, this is where the vultures like YU can pick the best meat.

Very exciting times over the next 12 - 18 months for YU and if they had no learned the valuable lesion back in 2018 YU would not be on my radar, they got beat up learned from the mistakes and a lean mean machine focussed on Risk management, and margins.

40K sell @65p and absorbed very nicely

so our seller is around ? cant have much left now if any

I would just add, this is not a 100% certain they will but gives the BOD flexibility if they feel the need.

dent ridden companies cannot do this as the debt holders will not allow it.

Genel, GKP, PLUS group etc all been doing buy back over the last year

when the SP is what the BOD considers low and cash rich, they buy back shares to increase the value of the company

PLUS group are a prime example

no the AGM is the 21st May

That, pursuant to section 701 of the Act, the Company be and is generally and unconditionally authorised to make market purchases (within the meaning of section 693(4) of the Act) of ordinary shares of £0.005 each in the capital of the Company, provided that: 9.1 the maximum aggregate number of ordinary shares which may be purchased is 1,628,105; 9.2 the minimum price (excluding expenses) which may be paid for an ordinary share is £0.005; and 9.3 the maximum price (excluding expenses) which may be paid for an ordinary share is an amount equal to 105 per cent. of the average of the middle market quotations for an ordinary share as derived from the Daily Official List of the London Stock Exchange plc for the five business days immediately preceding the day on which the purchase is made,

Sell must have finished, no sign of him since Friday

slowly coming together again

Interesting

I see at the Resolution 9 at the AGM the company are looking to get approval to buy back up to 1.6M shares and why not when the SP is nearly half of the cash on the books and if cash flow is good.

New energy offering to grab market share, big buyer around, MC £7m lower than cash, no debt, and seller looks to have finished Friday.

All looking good for big move back to £1 +

But they had to pay nearly a 10% premium

Trades above NMS can be delayed upto 3 hours either way still a buy which gives confidence and I have seen no 10 or 5K sells

if that goes on for a couple of days and the SP starts to rise the seller may have finished

56K buy just gone through at 64p

Smart move to grab a bigger market share.

30p so MC 1/4 of the cash in the company with UK Plc slowly starting to firing up.

We shall see

Well he dumped another 60k and was matched again by our buyer.