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It’s good that this. gtradually rise from yesterday’s last price than gap up otherwise the gap will have to be filled sometime which means price will slide to revisit low price.
So up we gradually go ....
Slow and steady the day traders leaving and up we go GLA
Not forgetting the previous RNS for new office space. It is looking very good.
I agree, this is a great update and the price will soon be above £3 per share. Glad I bought back in!
In the short term this will rerate to £3 plus
Medium term - £5
Long term £7 to £8 or buy out at that level
your right about no shares the MMs tried to shake some out with buy,s showing red very few takers? they are nearly all buys this finishes today at above 1.75 me thinks its about to take of
as you will ever see on the London Stock Exchange. This will now re-rate. An outstanding update and super thinly veiled as saying "we are flying and, whilst not complacent (or non-compliant), we will be really motoring ahead in 2020". BUY
Very few shares in issue and a large part of those securely held.
With the bull run we can expect off todays trading update and moving towards the Results, such a limited share availability will only factor in to the magnitude of the Rise going forward.
That's why it is about securing as much stock as possible around these levels, imo
Switching off from the screen and letting my holding appreciate in its own time back above £10.
Institutions will havevtaken note, as will potential Buyers of the company.
Atb all
been in Yu in the past on and off... have 2 say it's a gl8 news! well done LTHs...
Looks like the tickets are very sticky we need sellers
The CFO bought in at 165p - he certainly knows where this is heading!
Dividend reintroduction/ Institutional Buying / Takeover Approach
BUY, HOLD, WAIT!
imho
Some profit taking going on, which is understandable from short term traders etc. but market clearly likes the update. Everything in it points to Yu having a solid platform today to build on tomorrow. Buys going through for over 140
Here's hoping some more LTHs see the value here. I strongly suspect to see a return to Yu paying dividends this time next year or sooner. Always good to have company staff and shareholders' interests aligned in terms of SP and div
I agree. Many would have waited for some more evidence that Yu's actions were working. I feel today's update shows just that although I've invested a while ago and am a LTH. Only yesterday in CityAM, updates were given for Ovo and Octopus I think and the new challenger energy companies seem to be doing very well. Yu is in the higher margin business energy as well, which is better
Second on the risers board...
Well the market definitely likes it !
The details today further stress the importance of the SmartestEnergy facility... with wholesale energy prices going down and looking to stay low, the margin calls were more of a birden than any RO payments. This has now been "fixed" and is scheduled to benefit Yu during H1 2020. Very good news.
Quality update and showing Yu is going in the right direction backed by actual numbers now. I look forward to more details in March. My favourite bit from today's RNS is: The monthly average bookings have increased from £3.2m in H1 2019 to £5.1m in H2 2019, and this upward momentum is expected to continue in FY 2020.
140 paid. The people that know, know!
GLAH
Excellent and certainly helps build that platform to the share price appreciating going forward!
Good update!
I just don’t understand.
Company is making progress in the right direction but we are still sat at 1.
Morning all,
A fairly detailed update - so much so that I’m not sure what the results at the end of March will add. I’m probably not alone in feeling rather underwhelmed by that but it does have its positives. It is clear, honest and reasonably explains the contraction in contracts (negative EBITDA and/or low margin ones have been allowed to complete and not be replaced), and highlights the newer ones with better margins and the high growth experienced with these. Looks like the company has its own cash and access to enough to deliver on its growth plans. No mention of a placing or dilution. Growth plans in place.
I’m pretty ok with this.
GLAH
Matt
great update !
inancial highlights:
-- Revenues for FY 2019 expected to be approx. GBP110m (2018: GBP80.6m), an increase of c.35% and ahead of market expectations
-- Adjusted EBITDA for FY 2019 expected to be at least in line with market expectations
o Significant improvement from H1 to H2 as Group's strategic actions take effect
-- Cash and trading counterparty deposits of GBP12.6m (2018: GBP14.6m)
-- Positive outlook as Group anticipates material improvement to Adjusted EBITDA for FY 2020, with higher gross margins being achieved
Operational highlights
-- Entry into GBP13.0m facility with SmartestEnergy to support the Group's hedging and reduce the Group's working capital requirements
-- Senior management team strengthened with appointment of Sales & Marketing Director and Board changed post period end
-- Commercial arrangements finalised for new Leicester office due to open in 2021 to support the Group's growth
Bookings, representing the annualised value of new or renewed contracts entered into with customers during FY 2019, averaged GBP4.2m per month (FY 2018: GBP8.4m). The monthly average bookings have increased from GBP3.2m in H1 2019 to GBP5.1m in H2 2019, and this upward momentum is expected to continue in FY 2020.
Clear underlying message - IMprovement Improvement Improvement plus higher margins and free of shackles of loss leading contracts.
Add this to commercial agreements signed for new offices next year, a BOD that holds more than 50% of the shares, and the commitments benefiting cash flow all point to a recovery play here
Hmmmmmm - I not too sure how the Market going to react to that RNS if I am honest !