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In 12 months time this could be back to £3-£4....
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.
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.
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.
If the same contract was taken today it would be ok , look at the picture with lights on . Those same contracts taken 1 yr ago bonus , but that's by the by the real value is in the contract book and this is make or break time, already looking at leister city second office with 100 staff why bother? Use agents ? as if ? stick to bobbys plan takes time but this time next year Mcap 180 mil
From what I understand Yu still has some customers in lower paying contracts for the next 12 months, however my enthusiasm lies with the Ceo.
My girlfriend drives a Maserati Wong. Waste of a car driving round central London.
Atb.
Good evening all.
transparency is the future woody and Yu. Is as clear as glass surgest you take the hint and by the girlfriend a sports car and tell her it does 100 miles to the gallon before petrol goes up on the 19 Jan ?
It will take Yu a year to improve the books. That's why we are not putting ridiculous targets on the company and this is reflected in current sp.
The Fsa investigation was a swiz. Yu had two separate audits before investigation and everything was fine. Does make me wonder sometimes what goes on behind the scene.
I'm not convinced that this trading facility should provide any reason for optimism. Smartest energy are covered 100% of their exposure by the Ofgem supplier of last resort process meaning if Yu went bust, Ofgem would appoint a new supplier and the industry ie all other energy suppliers would be liable for the costs - one of those being Smartest energy as Yu's new chief creditor. Note further that Flow Energy had a similar 5 year trading agreement with Shell and this didn't help them. If Yu produce a trading update showing higher gross margins and reducing overheads that would be real progress. I would like to see a turnaround here but looking for solid credentials in results
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.
Wong, Yes definitely in long term. I got scared off earlier in the year because of Fca investigation.and derampers. I saw the price go to 2.75 after i sold for 1.20 odd. F f and f
Its nice this board has some sensible people on here now. Thanks.
Atb
My girlfriend is originally from Yorkshire. Dear me, she earns a fortune but look out if she gets over charged by a pound.
Good evening all.
Spoken like a true Yorkshire man and not bad for a first post, take it you have done a bit research lol hope you put your money were you feel comfortable GL.
Company appears to be investing and underpinning for a longer term strategy, going from strength to strength imho.
As long as you know Woodstock stick with it games been played .
Mks. My sentiments exactly. This is the Ceo's baby.
BK owns over half company.... I don't see him selling for that. Smartest deal could be a precursor to a merger down the line...
The more I see the trading pattern the more it seems like a low ball takeover for £2 for yu.... I know it’s worth a lot more than that but this just been played to gather shares
Imtech buys Breathe. I didn't expect so much M&A so close to xmas tbh....
Imtech buys Breathe. I didn't expect so much M&A so close to xmas tbh....
Though sp is not where we expected the positive is company is going in the right direction.
Will be multiples of current sp when this returns to profitability.
Wong. He will not sell at current m cap. We both know that.
Atb
Shame to see the rise slowing down, however, a steady rise will really help remove some of the volatility we have seen in recent months.
YU. is now financially more stable than 2 years ago and has grown significantly in the last 12 months to facilitate vastly improved profit levels which ultimately provides share holders with a more reason to be confident in seeing a return (even for those that took up shares in the £10 region). Onward and upward.
It seem s that AIM is just a place to chace the short term rainbows, where is all the investors gone. MMs have shot them selfs in the foot for short term greed and the future is not looking good for AIM, come on bobby take it private and save all them fee's and spreads.