Member Info for sparky333

https://www.cityam.com/ofgem-appoints-yu-energy-retail-to-take-on-customers-from-two-fallen-firms/

Indeed, the clients are nice but we also need to know Meter point numbers like AMPower was 2000 clients but 8500 meter points plus turnover added.

The biggest thing to me is the endorsement yet again of YU group, they are obviously financially strong and well run as Ofegem ran the financial strength tests in Jan.

Must have passed with flying colours

Ofgem has appointed Yü Energy Retail Limited to take on supplying customers from Whoop Energy and Xcel Power Limited. This follows a competitive process run by Ofgem to get the best deal possible for customers.

@ofgem
Ofgem twitter 6 mins ago
@EnergyforYu
to take on customers of Whoop Energy and Xcel Power Ltd.

Yep a nice little number there and I think 50 domestic, would be surprised if YU not in the running

Utter madness, interesting the market cap 12 months ago was 45m so after a sterling 12 months and a considerably larger profitable business with no debt and the market this we are valued less than 12. On the ago.

Shocking market reaction to YU. Year end trading update

23m 50secs is about acquisitions 26mins for Details of the large MP acquisitions

https://www.sharesmagazine.co.uk/video/yu-group-yu-bobby-kalar-ceo-paul-rawson-cfo

Last AJ bell I will try and get the link out and about at the moment

Excellent post ShareNicelyNow,

Would be really nice to see another II come on board at some point this year.The future is extremely bright in a back drop of potential economic turmoil ahead.

Been here many times before and the strong well run companies with little or no debt come out extremely well. YU ticks all the boxes and while we discuss cash you are spot on it ebbs and flows over the year but profit is profit and I expect both gross margin to increase as well as net profits.

Need some feedback on the digital sprints being rolled out Q1 and the impact will not be felt until say Q4 to get meaningful data as well as AMP impact.

Also YU for 12 months have talked about eating up rivals and not just small ones they can gobble from existing funds but have talked about much larger books of 100,000 plus meter points.

Is that latter interests me because I am not educated enough to work out what figures we are talking for books of that magnitude. This would also be classified as a reverse takeover ? And who would be the targets ? Obviously talk in the sector for BK to be so specific on size

I would expect it’s a buyers market due to sector turbulence I just feel it in my water we are close to a major announcement on consolidation with YU the predator

Any thoughts on this ShareNicleyNow ?

But I expect most of the pre update speculators have now left, some nursing losses.

We can now retrench and start the climb back to the physiological 300p barrier. It will smash through it eventually because at what point can the markets ignore especially when FY figures and profit are released in a little over 6 to 7 weeks.

We all knew cash would fall because of VAT and new offices but the idiots on SHareprohets see this as how can YU make a profit if cash falls ? Doh !!! Come on.

Someone compared YU to audioboom on ADVFN and I see the similarities was ridiculed for years and then all of sudden boom and now 700p, I expect YU will follow a similar path, once the world wakes up and looking for safe heavens , in safe sectors, growing fast, profitable and no debt.

More patience

Now way below the SP prior to results, what the hell does this company have to do. Looks like the last of the pre update buyers are moving on probabaly at a losss.

More patience required and I am patient and it is testing me.

Indeed and I personally blame Ofgem, price. cap is the most insane thing I have ever seen for a commodity that is globally traded, coupled with reliance on imports that the green agenda as well as taxing the hell out of energy for green crap.

Nothing wrong with going green it’s just to rushed and expensive especially when the real problems areas for pollutions do not care anyway like India and china.

The problem for YU is investors are pretty naive in general and cannot understand YU are SMEs not retail and all the problems are in retail due to the price cap.

Therefore any ****ty news of companies going bust does affect YU and market sentiment

The retail/domestic market is broken and I agree there is a real danger only the big 6 will be left standing. This is OFGEM fault the price cap is a disgrace how can you constrain like that against a commodity like energy it is driven by market forces simple as.

This will create opportunity for YU as some will have SME clients and hopefully YU get a chance to grab again for free

Indeed Howie,

I noticed that last year , took time for the news to sink in then tripled in a couple of weeks. I would not be surprised if this happens again once the sell on the new gang do one.

YU is as you say not a stock to trade the swings can be wild and fast on both sides, doesn’t take much and if I wanted to buy 100k right now it would cause chaos to the upside.

This is a share to have patience with

Again excellent post! BigBite,

You explain it so well your like my daughter who has an excellent way with words.

Not many companies like YU on such a low valuation by the market, trend is you friend and the road maybe hilly but direction is very clear.

The market will wake up all of sudden, something will ignite the spark and boom, maybe another II joins the party or a merger or takeover but something will happen and rest will be history. They have turnaround a company that was in bother and now it is fighting fit , future is very bright and for a. Very low starting point, it has the potential to a 10 bagger from this level over the next few years,

Look back at the likes of ASOS in 2000 it was pence but slowly rose then all of a sudden the penny dropped and it short from 200p to 7000p in a couple of years

YU in my mind has the same potential as the market is absolutely massive and YU are scratching the surface, I remember AJ Bell interview last year and I asked a question, where do you see YU in 5 years, the answer was very quick £500m turnover , highly profitable and cash generative and major disprutor to the big 6.

Well they are well on the way and probably ahead of expectations by some margin thanks to gas crisis.

Keep up the good work and patience will win out in the end just like the sage of Omaha you invest for the long game

Nice post big bite now

Makes perfect sense and was arguing on ADVFN people have very short memories when it suits , oh cash is down, idiots like ************* do not help as could only read the headline but was all about profits claim but why has cash fallen if profitable

Doh annoys me so much and you have explained it very well, thank you

Over 500k been traded now over the last week, that is a lot of volume for YU and obviously stacked to the buy side as some trades are not clear.

Looks to me an order being worked for someone taking a stake ? Maybe a holding RNS soon ?

Just a thought

Bad debt is always a concern in a sector like this but YU are very choosy who they take on a are very diverse in clients.

One thing I will be asking the company at the next opportunity is government contracts, as they are now on the approved gov contracts portal. This opens up a huge sector, schools, police, MOD, councils. They have already won Bristol city council.

This is high use, low risk and increasing in this area is and should be a big drive going forward