Oh dear, never said they were "awful" would never use such a pathetic description about something that is a known unknown. Wouldn't you as an alleged investor (pmsl) like to know how much cash they do need to keep on the books?, why wouldn't you?, that's all I commented on. If you believe their liquidity covenant doesn't require any cash to be ring fenced then as posted u think you need to do more research and get some glasses that aren't rose tinted. |
never stated the details because it's commercially sensitive oh my days !!! Funny that you posted many time how aweful YU and Shell where for not releasing that information to the market. You are an absolute fibber shall I find your post through your 20,000 posts Do why not remember then days later Utilita and Eon stuck deal with a charge I might add and you went very quite. Absolutely disgusting Pal, you are the lowest of the low so angry and manipulative Keep on and I will spend time finding those posts, my Horlicks is waiting |
Off to bed now been a stressful day need a cup of tea or Horlick Tomorrow is a new day |
As for soaring energy costs, yes they are going up but the daily spot price of gas is not what YU will be paying Shell.Then to quash your constant reference to the daily spot price, how come their energy supplied increased 78%, spot gas for FY24 was down only 17% but income was only up 40%?, suggests to me what my first para says is the reason why the disparity. |
Not your pal.Repeat - are you saying they have falsified their bad debt provision in their interim report and it's not as stated £32m?.Are you saying that a liquidity covenant doesn't include a cash requirement?I've never said I know what the liquidity requirement is just posted my views based on what SmartestEnergy required to mitigate their risks. But you can't accept any alternative views can you!! |
Can't do it all for you as I have a life. So I have given you a little insight especially with smartest so you need to reciprocate Can you show me where this cash restriction is stated please and also can you write to the auditors and FCA as your clearly stating to criminal accountancy practices Also you still have no answered my question on soaring energy costs the last 8 months So I am pretty thick but won't NEW contracts be significantly higher than H1 24 just asking or do Shell take every bit of so where is this documented? |
I think you should look at similar supplies like smartest and Utilita Take those blinkers off Pal |
Pot kettle black.Are you saying they are lying about their bad debt provision of £32m that's stated in their interims?Wouldn't be the first time they've missed the market is it :) |
You really are a boring person arnt you |
Somebody helped themselves to £91K worth.
Was it Pippin... |
Gas going up YU share price going down, why is that? |
Nothing like a good pip-kicking to raise the old blood pressure :)
Going like the clappers! Lol. |
lol he is Mr angry today |
Another big buy 5.6k Big boys filling up and PIs load up on rainbow stocks like warpaint and it's stupid valuation and PE |
Paid ramper doesn't seem to understand.Energy supplied up 78%, income up 40% but spot gas only down 17%....errrrr, doesn't add up does it, why is that I wonder?. |
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 |
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