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The Hedging Facility is structured so that the credit line grows in line with the business as it scales. This has a material benefit in reducing the working capital requirement of the Group, allowing the Board to focus the deployment of available funds to drive the Group's growth and enhance shareholder value.
Can’t help it but another good bit from rns..
The Hedging Facility is structured so that the credit line grows in line with the business as it scales. This has a material benefit in reducing the working capital requirement of the Group, allowing the Board to focus the deployment of available funds to drive the Group's growth and enhance shareholder value.
The cash free up from this move will allow yu. to turn the cash to future orders ( Leicester new office proposal) and not have to borrow or finance it from various different ways , it will also have a positive impact on share price as we will no longer be sitting on dead money that can't be factor in to the share price.
I agree. A significant step change for the better for Yu. Yu's hedging strategy was something BK stated was under review. This new direction is much better than I personally anticipated. UK wholesale energy prices have fallen during 2019 and present forecasts don't show for much of a rise. All in all, various metrics are looking supportive of Yu's ambition to get to profitability and high single digit margins.
In 12 months time this could be back to £3-£4....
"Why can’t more people see the opportunity here when this was profitable it was £10" - it wasn't profitable though was it? That's the problem! Anybody can say they are making a profit if their numbers are completely wrong. I think its a good opportunity here but I think its fairly obvious that the SP isn't going to be £10 because it ISNT profitable.
It’s not but going in the right direction.
Once this goes back to generating profits 10 can be achieved once again....
The total £10m hit from last year's accounting issue took the company from being "profitable" to not. That said, the mcap today I feel is too low just considering cash in bank and now this new hedging facility alone. Either way, new investors are more likely to come in with each step forward like this week's RNS and the update due in January for FY 2019
I think everyone’s missing the point from the RNS the other day! Do you think we would of been given a 13million pound credit facility if there wasn’t any evidence of profit in the near future?
The majority of cash in the bank does not belong to Yu as of todays date. Yu is currently holding my guess £6M of RO payments and another million of feed in tariff/capacity charge payments. This belongs to Ofgem and other industry bodies. Please stop citing cash in the bank as a reason the share price and market cap should be higher. there is a failure on this board to understand how energy suppliers collect cash from end users and pay this to the industry bodies. We have not seen any financial report to show Yu is moving forwards. I expect further losses, both in customer numbers and profitability. In todays day and age hiring an expensive direct sales force is a terrible idea to acquire new customers. Would you switch supplier off a cold call?
Onetheup, not one positive comment but all negatives on yu.
There is always one on every board lol
Yu have just been hit with an additional cost of almost £0.4M based on their share of the costs of suppliers going bust over the last 12 months. Further increasing losses.
https://utilityweek.co.uk/ofgem-confirms-mutualisation-will-triggered/
Ontheup. I read your posts from past year. You are well versed. You were knocking this stock down when it was 60p. I conclude that you are using your knowledge of the energy market to make good reason of lower value. I am pretty certain you are shorting and not doing a particularly good job of it.
On a brighter note, I do take your knowledge of the energy market in good stead and appreciate your input.
Atb
Woodie Woodstock
Ontheup. You assume the sales staff are being paid £25000 per year. I was thinking of applying for a job.
Enough said.