Let us not forget the now classic office rental of BK...
Miles more important than a large, rising dividend in any investor's mind. |
No wounds to lick. How about you JD? Hope you had a tight stop :) |
Such rubbish posted next door:"Indeed it?s the retail bad debt that is spiralling not SMEs which is falling according to GOOD Energy interim report if the bafoon next door bothered to fact check."This isn't Good, it's YU, read their interim report for the facts. |
Paid ramper now paying to down tick :)Folks read their interim report on bad debt provision (note 18 b).They do not specify SME or Retail, it's just collective customer bad debt provision. Folks DYOR |
Liking his wounds from warpaint |
Indeed it's the retail bad debt that is spiralling not SMEs which is falling according to GOOD Energy interim report if the bafoon next door bothered to fact check.It's like the turnover wow missed by 3% when the rest of the sector had significant declines, that doesn't get mentioned does it.He makes him look a fool all the time |
Some people think that Yu Group is the only business that could get affected by bad debt on the whole stock exchange. Everyone else will be fine but these will get swamped with it and go under...
Kermit. |
As expected 3k buyer followed by 2k buy , keep selling please so long term holders can get a decent holding Funny thing is Gas now 135p and rising as Europe struggles and UK left hanging due to a gross failure in energy policy Oh well good news for energy suppliers |
So they quote snapshot bad debt 2% because it looks better and mug punters take it in. But their cumulative bad debt provision is increasing by a minimum of £7m pa and at H1 FY24 was over 10% of income, but hey best not headline that and hope folks can't be bothered to read financial notes in their reports. More customers equals more bad debt particularly as this government are / have killed growth. |
Back and white £1bn contracted order book FY24E revenues are expected to be up c40% YoY at c£650m and could have been materially higher had commodity prices not softened. The base effect of softer gas and electricity prices has mostly washed through so volume growth from this point should correlate more closely to higher revenues. Yu Group continues to take market share in the B2B market and we start a new fiscal period again with a conservative revenue forecast. |
Yep and no mention of that anywhere else, either and the wash through.
What a surprise! |
The rate has is going 150p in the next couple of days 12 months ago was 55p lol |
Over £32m provision for bad debt in H1, That's over 10% of H1 revenue and what's their forecast net profit for FY24? Oh yeah it's £33.6m, and what will the year end bad debt provision be?, what do they quote can't remember!!!!!........2% |
Surprised indeed he ventures over to the bad debt - very desperate.
They have done nothing but improve that with the meters making it even tighter as they increase.
Some very peculiar people about, that's all I know. |
Another sad stalker :) |
In space no one can hear you scream Ridley Shot 1989 |
New record high on gas 133p March 23 was 146p once that is beaten we are back to 2022 since highs like that seen on gas. |
Indeed share price Angel state as much. Also worth noting following the misinformation next door Bad debt 2022 - 7.4%Bad debt H1 2023 - 4.1% Bad debt FY 2023 - 3.1% Bad debt FY 2024 - 1.8% forecast Anyone see the trend ? He is just angry because got slaughtered on war paint with an astronomical valuation v profit and turnover £420m after a 18% hair cut |
TradertrevIt truly was amazing what occurred after the accounting issues - they promised to immediately make a profit the following year, ooops a loss of nearly £5m. |
Yu evidently wrote a lot of contract business during the lull in energy prices around a year ago. They are working their way steadily through this. This looks like a milder version of when they had to work their way through all the mis-priced contracts resulting from the accounting issues of 6 years ago. What happened after that was truly amazing! |
Why are folks selling when this according to some will be worth £100 in the future?, even the spaniel has sold.FYI I'm going nowhere, waiting patiently and hopefully picking up pocket money as I wait :) |
Love stop losses! :) |
Seems to have triggered that fine fellow :) |
They hide how exactly their bad debt is going, their provision for bad debt was over £32m at H1, up over £7m compared to H1 FY23. Nice expense on P&L!.More customers the higher the provision. |
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