Yu Share Discussion Threads

[go4growth1] 20/9/2021 09:10

No one in their mind should be holding energy companies shares they are going to tank big time

[go4growth1] 20/9/2021 09:09

WoW media is all over the energy sector they are saying many small players will go bust within days

[sparky333] 20/9/2021 09:08

Cool, funny how assumptions are being made when YU hedge unlike the majority So when the carnage is over the well run survivors will take on under gov protect the clients.

[go4growth1] 20/9/2021 09:07

IT IS WORSE then I thought catastrophe is unfolding in energy sector

[go4growth1] 20/9/2021 09:06

I did warn few days ago that share price is going to tank Fully expecting a deeply discounted placings by all the listed energy companies

[go4growth1] 20/9/2021 09:04

Sudden hike in energy prices will kill many small suppliers like YU who are locked in long contracts and are unable to charge or pass on the prices to the end customers will go bustEnd game for many small suppliers this winter

[sparky333] 20/9/2021 08:52

Well done seagull and hopefully see you back.For what it's worth YU do annoy me with PR, in times like this they should come out with a statement or bring forward H1 results to reassure the market, the share price will slip now as we are seeing this morning under actually very little selling.You could also argue if business is booming why do they feel the need to ? Not the way I would operate personally but this is an extraordinary time and the whole sector drawn in and speculation as to who is affected

[cocker] 20/9/2021 08:46

Good Energy for what it is worth have rejected revised offer. So perhaps there are a few Ruby's in a mountain of rocks

[seagull222] 20/9/2021 08:44

Yu have been very good to me and made a decent amount without being too greedy so, fingers crossed they will be in good shape, may well look to reinvest if next week is solid.

Seagull

[sparky333] 20/9/2021 08:36

It all about hedging and exposure The strong will survive and take on the clients of the failed but issue is why would xxx take on 1.7m customers of bulb who's fixed rate deals mean they are losing money immediately for a undetermined amount of time. No business will do this unless some protection is put in place or the clients go on new fixed rate deals which is not politically acceptable.The retail sector is in for a huge rebalance and the gov will have to step in.Business side is different as the contracts are far larger and hedging more controlled at the churn isn't there like retail who could win and lose hundreds of thousands a week / month so hedging is very tricky.Just my musings

[seagull222] 20/9/2021 08:21

Next week is going to be massive, the whole sector is struggling in my opinion hence why the government may have to step in as the big boys are no longer finding it attractive to take over the failed companies books. Bulb are a very big player so, with them struggling it clearly shows the trouble the sector is in. I think the government support is likely to be targeting residential suppliers so, will have to wait and see if companies supplying businesses will get help. Worrying times in my opinion with Yu margins forecast very tight, I think they were only forecasting £750k profit this year on £120m turnover. No models can cope with a 250% price increase in the wholesale price of gas and most companies don't forward buy 100% of the gas in my opinion and electric wholesale prices also thro the roof , with Yu taking on new customers not sure this additional supply would be covered by forward contracts. The company being so quiet when they were meant to be doing lots of communications and investor road shows is a worry for me to be honest. Next week will be crucial. Good luck holders. Seagull

[cocker] 20/9/2021 07:16

Well BK did predict consolidation within the sector & was happy to be a buyer at the right price. However, it seems as if many are failing and that the organic growth is the way to go. Roll on next week but don't be surprised to see some sort of rns if the media coverage has a negative effect on the company.

[sparky333] 20/9/2021 07:03

Looks like it is bulb causing the shockwaves

[arsey] 19/9/2021 21:00

Indeed. It would seem on the face of it Yu are in an extremely good position to take advantage of the opportunitues that will be created by the present situation. Could make the results and accompanying statement/commentary gave a big effect on share price RC

[sparky333] 19/9/2021 20:31

Now that tells me YU will be one of the few who actively manages risk and commodity hedging ie safeguard for exactly this situation.Let the rest fall and YU mope them up

[arsey] 19/9/2021 20:28

An extract from the hedging energy agreement struck in December 2019 for a five year term.'Yü Energy, one of the fastest growing and most exciting challengers in the business energy supply market. After an extensive period of due diligence, we were impressed with the breadth of management team, the strategy in place to scale the business and the available opportunities for the business. Through this partnership, SmartestEnergy will support Yü Energy in managing the complex risks associated with volatile and challenging market conditions'RC

[arsey] 19/9/2021 17:06

Interesting developments in the sector. Could be very good for YU in terms of customers available. Even if they are not asked to take over a failed company, the customers of the failed companies will look to move if they are not given competitive rates. We shall see how it pans out. RC

[sparky333] 18/9/2021 22:15

Times like this YU should release an RNS because uncertainty will affect the share price and Management need to steady the ship and silence the doomsayers

[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