That Per KWh btw https://tradingeconomics.com/united-kingdom/electricity-priceFascinating chart just like gas, thought it was normalising way below 50? |
lol he is getting upset next door. What's the average energy price these days ? Hmm 106 up from 53 exactly double no wonder Cornwall insight stating another jump in the price cap which doesn't apply to SMEs I am a patient man and will laugh about the current share price in a few weeks |
SmartestEnergy required c£50m as collateral to mitigate their hedging risks, that was when energy supplied was 78% less, and folks think Shell are now doing it for a big fat £ZERO!, well IMO they aren't, hence the covenants including liquidity ie cash. |
Paid ramper.This isn't GOOD energy, you do know that don't you. This is YU, they don't have SME's who are happy to pay higher as part of their ESG commitments. The bad debt provision for YU's customers was over £32m at H1. They stated bad debt was 2% (not 1.8%), which is not what their cumulative bad debt is as a proportion of H1 income. Why?, because they clearly only like "favourable" stats and hide the not so favourable figures in their notes.If folks want to believe Shell are doing their hedging for sweet fa and their liquidity covenant doesn't include a certain restriction on cash, then you are living in cloud cuckoo land IMO - check what liquidity actually means and what assets they have which can readily and easily be converted into cash :) |
Lol - just reminded me, pilchards for tea :) |
Waiting for the classic Come on please it will make my day you know the one Shell restricting cash where none of this is documented as well as a charge over the business like Utilita and EON but apparently Shell and YU is a special case Idiot |
Few pips lost there for no brains.TEP bad debt 2.2% , Funny how all the same isn't it Give or take a little bit. Also worth noting GOOD state in interim Bad debt for SMEs fell 25% Which is cool But YU has fallen from 3.1% to 1.8% a bit more than 25% due to smart meters I expect and tight management of who they contract with |
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. |
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