Yu Share Discussion Threads

[sparky333] 18/9/2021 22:14

Opportunity beckons.

[metaltrack] 18/9/2021 21:02

Spotted on BBC news. "At least four of the smaller UK energy companies are expected to go bust next week amid soaring wholesale gas prices.Industry sources have told the BBC that four firms have asked larger players to bid to take over the supply to one million customers.The price rise has left some companies unable to provide their customers with the energy they have paid for.Industry rules mean supplies will continue for affected customers, and they will not lose money owed to them.The new company is also responsible for taking on any credit balances the customer may have.But paying that credit out to customers is a further disincentive for companies to take on new business.Gas price rises prompt urgent government talksWhy is my energy bill going up and how can I save money?Soaring gas prices 'will feed into customer bills'Business Secretary Kwasi Kwarteng tweeted: "Some energy companies are facing pressure. Ofgem has robust measures in place to ensure that customers do not need to worry, their needs are met, and their gas and electricity supply will continue uninterrupted if a supplier fails."The government added that if the company is not taken over there were processes in place to appoint a special administrator to temporarily run the suppliers.It came after the government held talks with representatives from the energy industry amid growing concern about the impact of the spike in wholesale gas prices on households and businesses, including food manufacturers.The government said the business secretary was reassured that security of supply was not a cause for immediate concern within the industry."The UK benefits from having a diverse range of gas supply sources, with sufficient capacity to more than meet demand... the UK's gas system continues to operate reliably and we do not anticipate any increased risk of supply emergencies this winter."Mr Kwarteng said: "Our largest single source of gas is from domestic production, and the vast majority of imports come from reliable suppliers such as Norway..."However, our exposure to volatile global gas prices underscores the importance of our plan to build a strong, home-grown renewable energy sector to further reduce our reliance on fossil fuels."The business secretary said he will have further talks with Ofgem on Sunday to discuss the issues raised by the industry, and on Monday he will seek a further meeting with industry figures "to plan a way forward".Four small suppliers ceased trading in recent weeks, including Edinburgh-based People's Energy, which supplied gas and electricity to about 350,000 homes and 1,000 businesses, and Dorset-based Utility Point which had 220,000 domestic customers.At the beginning of 2021 there were 70 energy suppliers in the UK. Industry sources say there may be as few as 10 left by the end of the year.Government sources have said the impact on small energy companies that might be the most exposed was being monitored."

[cocker] 17/9/2021 11:27

Anyone have level 2?, as can't be long before mm's mark it up

[cocker] 16/9/2021 13:00

If BK didn't own over 50% we would be sitting ducks if one used the Good Energy's offer as a yard stick

[sparky333] 16/9/2021 12:46

Haha offer for good increased to 400pJust goes to show how undervalued these utility companies at are

[sparky333] 16/9/2021 12:33

Good energy flying today

[sparky333] 16/9/2021 12:11

Deppeverge gang are back

[sparky333] 16/9/2021 11:47

Indeed tradertrev,The new YU are hot on risk and margins.Also do not underestimate the value of YU now having access to tje Government Procurement portal this is solid revenue of won and no bad debt risk.This applies to thousands of councils, schools, hospitals, military bases, home Office, department of work and pensions, the list is endless.They have recently just won a renewal with Bristol Council and I doubt many outside the big 6 and large challengers have access.

[tradertrev] 16/9/2021 11:34

I hope the derampers here are the same as those who just got burned on the SDRY results this morning.
We have had numerous dislocations in the wholesale energy markets since YU. listed and they have navigated all of them without any noticeable issues, precisely because they have always had a comprehensive hedging programme in place.
G4G appears to be scaremongering.

[cocker] 16/9/2021 10:12

You are more than entitled to your opinion and I welcome all whether they are a bull or a bear. However, talk of a placing other than for an acquisition is ludicrous given YU cash pile

[sparky333] 16/9/2021 10:11

That is the whole purpose of hedging and the arrangement with smartest is perfect and a very shrewd move by YU back in Dec20.This CFO is one smart cookie

[sparky333] 16/9/2021 10:09

Do you not get it ? This would have been hedged at the cheaper price through smartest

[go4growth1] 16/9/2021 10:01

Yu reported strong monthly bookings and aggregate forward contracted revenue secured over 100 million WITH THIS FIRE WHOLESALE PRICES JUMPED 20% unfortunately this forward contracted order book might be the undoing of many smaller players like YU

[go4growth1] 16/9/2021 09:56

Just sating facts no need to get upset This fire is major setback many suppliers will go under

[go4growth1] 16/9/2021 09:28

The jump in prices has been fuelling concerns about inflation and the potential impact on businesses just as the country's economy starts to recover from the worst effects of the coronavirus pandemic.

[go4growth1] 16/9/2021 09:25

High possibility YU might do discounted placing to protect it from ripple created by this fire media is all over this fire news Bad news will snowball as companies start reporting the damage on their balance sheets

[go4growth1] 16/9/2021 09:20

YU margins are wafer thinSupplying at 20% extra cost and not being able to recover cost bcz you've tied yourself up for 12 months isBad news

[sparky333] 16/9/2021 09:18

To prove I do look at the negatives I do see YU getting hit in some from from all the failures in the RO payments as this simply gets passed around ie mutualised which is unfair in my eyes and needs to be fixed

[sparky333] 16/9/2021 09:16

This brings opportunities for cash rich debt free companies.