Member Info for sparky333

No Debt and £17m in cash to weather the storm.

e Group's revenues are generated from activities across various business customers' market segments, from retail, education, leisure and offices through to care homes, manufacturers and data centres. The Board has assessed its contracted revenue for the year to 31 March 2021 and has identified 43 per cent. is generated from sectors which may be at higher risk of impact from Covid-19; 41 per cent. from customers with a medium risk profile; and 16 per cent. from lower risk customers.

YU does is financial strong going forward.

Interesting to see how the market sees it , especially when some terrible debt ridden companies double just at a hint of survival.

YU will have great opportunities once this mess is over

Totally expected , how could you not expect this ? The whole country is in Lock down for at least another few weeks.

Cant argue with that and with no debt an cash £6M more than current MC once through this mess YU will thrive as the debt ridden weak fade away

Whilst there has been, to date, a manageable financial and operational impact of Covid-19, the Board continues to assess the rapidly evolving situation which adds a level of uncertainty as we start the new year. Looking forward, we expect revenue, bad debt, operating cashflow to be impacted, as well as temporary reduced sales growth. However, the Group is in a more robust position than previously, with significantly improving margins on the contracts we have booked. The Group has available cash of £10.9m at 31 March 2020, with an additional £6.1m in cash collateral deposits with trading counterparties expected to be available in Q2 2020.

10.9m cash in the bank and 6.1M cash available in Q2 so £17M cash

H2 loss down by 60%
Low margin contracts down to 35m and effectively gone by 2021
43% high COVID 19 impact
43% medium
16 low

so compared to a lot of sectors short term impact isn't to bad.

Solid set of results IMHO

Once this weird trading finishes

Must be a large worked sell. This is just carats nearly all buys again and some just got mugged at 60p

I see Robin Hood energy as expected lost £23m on revenue of £97m last year. Going concern in doubt by the auditor and only £1.9m in cash.

Just goes to show how well YU has turned the corner, the **** challengers will fall away like no tomorrow in 2020

Only the strong will survive and thrive.

Pressure is building bigtime

Has to be a buyer and seller going through an exchange. Been going on for days now.

Bingo

25k buy 71p
25k sell 65p

What the hell is going on ?

10k and 10.8k sells followed immediately by 20.8k buy.

Wonder if we get any others at the death like all this week so far

Oh well that didnt last long.

Hmmm, something is defiantly afoot

IT will bounce back

if it is the shorter buying back at 65p where is the stock coming from as YU has not been at this level for over a year.

If Pi's really got stuck in now and started buying heavily this could multiples in day as total chaos would ensue.

It would be incredible to watch

So how do you know there was a 800K short ? if so who loaned the stock because someone has to other wise it is called a naked short which is illegal.

Its not a matter of stock availability in the market its the fact someone has to loan the stock, normally for a fee and a defined time period. The shorter then has to buy it back in the open market and return to the lender. Looks to me someone is definitely working something at 65p

In cases like this you get a huge snap back as the market corrects itself as the shorter starts his buy back.

800K is a high percentage to load out so how do you know nearly 5% of the company was loaned out ? very dangerous on a semi illiquid stock like YU both downside and upside.

But as you say no volume being sold under 65p and the only large trade was the 150K sell at 68p.

If this all linked then expect fireworks very soon, but something doesn't add up and why 65p

By my calls we have had over 150k of. It’s the last 3 days alone. So we are close IMHO The 150k has been chewed through, so the question is how manny does the buyer at 65p want ?

There is no other explanation as NMs is 1000 and you would not be able to sell 20 and 30k stack at mid price.

My theory,

When around 80-85p a large sell order was placed and offered 68p by a MM.

The markets are slowly collapsing the longer this COVID 19 continues.

The MM has a buyer but they will only pay 65p.

So the MM is selling at a loss currently as he cannot her enough stock after dropping the sell price to 61.5p he is picking some up but not enough.

Once the 65p buy is complete my theory is there will be a sharp rally as an obvious stock in balance but this will not happen until the deal is done at 65p.