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moneyspider - none of what you have said (and much of what you've said in the past) makes sense. Firstly you state that the may be in profit in 3 years, you then contradict that with figures which indicate that they would never turn a profit. you've even said in the past that this company has 'no value', so why the hell are you still here lingering around like a bad smell? div
moneyspider - just to address your comment of 'The cash will reduce as we come into winter when energy costs are much higher' - this is not how it works (i assume you're talking about fixed contracts rather than flexible where the customer decides points at which they buy through the duration of the contract) - you can lock in prices now for summer/winter next year or even the year after if you wanted to. typically a customer of theirs would take a 12, 24 or 36 month contract and would have equal tranches/clips of summer and winter prices which can be bought in seasons, quarters, months, days and even intraday. this is all worked out at point of sale and much of it is purchased at point of sale (depending on their hedging strategy) to give the customer a delivered price.
inclined to agree with donotpanic on his point - would have thought that they would have ringfenced those funds and set aside for the required payments and wouldn't include that a part of the 'cash in the bank'. also do not forget that ROC payments are not an issue for Yu as they have already forward paid on industry annual payments… taken from RNS dec 20th: 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.
this is the RNS i was expecting (don't know what others were hoping for it!?) seems all good, and importantly, in the right direction. slow and steady wins the race. for thoes that think its bad, there are others in the sector doing much worse: http://news.sky.com/story/boss-of-british-gas-owner-centrica-to-step-down-after-tough-first-half-11773169
indeed wongtogo... the water market only very recently got deregulated and as such it will take time for the market to 'open up' and the competition to be realised. there's definitely money in it, or if not at present there will be as time goes on.
fully concur bonum, v well said... i think your comments have more substance than those negative posters - oh well they missed out if their game was to wait for lower entry as sentiment around this seems positive and we're back on the way up :)
my feeling is that yu are being very conservative when quoting anything on the back of the latest fiasco - i'm sure all shall soon be revealed and we'll all be pleasantly surprised. believe me that these guys are not mickey mouse... they are a serious contender for the future of the UK energy scene. the CFO buy was a massive buying signal
moneyspider - i dont think ROC payments are an issue for yu as they have already forward paid... taken from RNS dec 20th: 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.