What next16 Dec 2018 20:57
The fact this review has not reached a point to RNS has give me some optimism that the review will be deep and forward planning taking the business forward to 2019 with far more accountability with the 2 reviews to take under consideration if it was that bad they would of wrapped it up by now, the question is are the institutional share holders Still onboard and to what degree imho they are very much involved hence the forensic review to insure good accounting practise and to insure the books are correct in every detail, this will go along way to keeping them invested
Bills outstanding and under estimation could be a factor along with invoices that will never be collected not invoicing for correct comsumtion in that year to be factor in and reliance on expected comsumtion is problematic within the industry hence the smart meter installation a priority for business properties by all suppliers.
Hopefully the review will be forthcoming prior to Christmas it's what I would of expected and with the books being correct, and the order book expanding along with lucrative water supply orders looking good with over 80% renew rate things looking up for Yu and there investors . if this goes the way of the other suppliers things are looking good with less and less small agents in the game and people returning to the manger suppliers now they are reducing there profit levels from the highs they was, when this happens it will be unlikely more suppliers and agents will gamble getting into the market and a return to a more stable market will be realised for the long term GLA investors and DYOR on this one.