The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
its a hard one isnt it... im not a fan of this entitled behaviour, especially from board members that were there prior to the financial fiasco but on the flip side you do need to have some sort of incentive in place to retain and acquire top tier talent... so i am neutral on this
Also an interesting article where gulf is mentioned: https://www.google.co.uk/amp/s/www.thisismoney.co.uk/money/markets/article-6686657/amp/Four-bosses-failed-energy-suppliers-returned-sell-energy.html
Has anyone else noticed that these guys are building up a presence in the UK business energy market over the last few months..? They even have a live .co.uk website now which wasn’t there when their owner Jonathan Turner bought shares in our Yu on 3rd October 2019. They also have many new employees visible on LinkedIn all which started their employment there from October 2019 onwards... what do you think is going on... a potential eye up for the future perhaps?
Very encouraging that they invested in Yu, they must see it as a great business model to do so especially as Yu are a competitor.
Yu have indeed been very disruptive to the UK business energy scene, maybe mr Turner is trying to learn a thing or two, either that or he has plans to buy them!
bitbuybit i see your point, but i think your reading it wrong... the £14.6m @ end of 2018 was 'Cash and cash equivalents' - 'and equivalents' being the key words. now were sat on £12.6 solid cash none of which needs to be reserved for trading.
lovely - it's been a waiting game but now truly gone are the days of sub £1... wish i'd bought some more when it was but was all in already so couldn't really.... still a solid investment at this level. Not selling any till £5 minimum. Proper company here , not mickey mouse like so many one AIM.
moneyspider im sure you'll soon get your web tangled on some c**p that only you manage to dig up, but for now at least were on the same side
moneyspider im sure your web will soon be tangled with some ludicrous short sighted
makes no sense to me how we can be sat at a price now which is lower than when the accounting errors were first discovered (strong measures taken since to have this remedied) and FCA involvement (now cleared) - company making all the right noises yet the sp is subdued
and so they have been paying for it - they will have purchased more ROCs as required inline with their revenue growth, hence why their operational costs have also increased; these ROC purchases will come under the operational cost.
yes i know that's from last year but just to back up adamh90's calculation if going from the same split.
plus don't forget that they had made an advance payment last year for this year (3rd time i'm now mentioning this) - taken from Dec 20th 2018 RNS: 'The Board confirms that the Group held £11.0 million of cash at 30 November 2018. The reduction in cash from 30 June 2018 to 30 November 2018 was in line with expectations, being primarily due to a scheduled annual industry payment, and an advanced payment against the next year's annual industry payments otherwise due in Q3 2019.'
moneyspider, here you go you div: https://www.ofgem.gov.uk/system/files/docs/2019/03/ro_annual_report_2017-18_final.pdf