Member Info for sparky333

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Going to be fascinating the feedback from new Gacky.

So much going on at YU. Also Gervais Williams from premier Miton bigging up YU group again as one of there top 3 stocks.

Agreed with over 300p a share in cash 3p and probably 6p FY is laughable unless allocated for something to enhance the business

Good point because brokers have bad debt around 4% I think and if 98% has remained more cash, profit and EPS

100% agree, the H1 numbers are way out of date now and we are weeks away from year end. Therefore FY numbers will be pretty nailed on by now with the exception of new contracts placed between now and 31st Dec.

Meter numbers , turnover, EBITDA will be 90%+ nailed on by now and in my simple mind if we are ahead of broker targets it should be announced to the market.

But his is just me as they are under no legal requirement to do so unless material changes to the business, that is the vagueness as what exactly is material change definition.

For me 2023 is done and dusted, focus is now on 2024 and the race to £1b turnover and 100,000 meter points

Another one if I may

Wasn’t the smartest deal for 5 years if so I think we have 1 year to run, any info an extending that would be good. The relationships is working well for both parties through a difficult period for the industry so cannot for one minute think it wouldn’t but would be good to get a nod from YU on intent.

Excellent your attending, I wish I was going as I do hold a large chunk of shares.

A couple from myself if I may

1. 39k meter points at halfway and obviously YU are pulling in a lot of new clients through the new portal which TPIs like Bionic are loving. I remember 45k for FU mentioned which seems a slower uptake from H1 but I think I would understand why as in locking in early when energy spikes down. I was hoping for 50k+ by FY would have been good to know where we currently are meter wise.

2. It was also mentioned new contract rate effectively upto the investor event was circa £50m and this was expected to continue to FY and beyond. If so what is the forward contract book looking like for 2024 was around 350m so would like to think 450-500m for 2024 locked in ?

3. Is the short term target of 500m turnover possible in 2023 ?

For legal reasons and transparency I expect none of above can be answered but I personally feel Broker numbers for 2023 are still to low and will be beaten if so I would hope we get an RNS if more than say 10% ahead of expectations.

Cheers and enjoy your day I am a little jealous

Is this confirmed as still on tomorrow ?

They have done well but should not have gone as low as they did also loss making second half of the year and the hint in the results is they lost a lot of SME clients

Wonder who picked those up ?

Total business supply customers fell by 12.1% to 7.0k (8.0k)

Https://www.energylivenews.com/2023/11/16/sme-energy-switching-hits-new-record/

That’s a lot of switching in SME space, wonder if we will hit 50k clients this year

Ofgem has confirmed that for the first time in six years the mutualisation of missed Renewables Obligation (RO) payments will not take place. The energy regulator has revealed that for the 2022-23 obligation year four unnamed suppliers failed to meet their total obligations by the 1 September deadline, resulting in a combined shortfall of more than £7.2 million in the buy-out funds. These suppliers consequently owed late payments.

Am I surprised , hell no, because it doesn’t exist

If you don’t post your credibility is in tatters on this board

Dangerous game you are playing Ironman.

It isn’t hard is it to provide a link Ironman. I will obviously have respect for you as good research.

Find it hard to believe a company on a future PE of 7 and cash of 55m has been given a sell.

Just give the link and redeem yourselves we are not asking for access to your subscription.

Agreed not very clear and very open to building and dropping stakes below the radar.

So reading that by law 5 and 10% and above 10% it’s 1% increments ?

Investment/fund manager: All managers of lawfully managed investments, operators of collective schemes and investment companies with variable capital can disclose at minimum thresholds (5% and 10%) and not lower 3% with incremental 1% that apply for holdings in UK issuers. Above 10% the 1% incremental thresholds apply.

I don’t know the rules and where the responsibility lies with holding notices is it every 3% on AIM and 1% above 10% ? Not sure

Also bayford and JT are different entities yes linked but separate.

Would be good for someone more knowledgable on the rules and regs