Yu Share Discussion Threads

[cocker] 10/5/2024 15:08

Conformation that there will be no TU with the agm statement.However, quite possible that like last year one will drop at the end of May. All in all seems a bit silly, but if it does happen, then next year should follow suit. Once again the fundamentals are all very encouraging and albeit I did sell a few on the basis they were bought sub one pound, holders I believe will be rewarded with the next leg up shortly.

[disc0dave46] 10/5/2024 12:59

Some views next door definitely need to be fact checked and challenged - particularly as nobody there sees any bear points whatsoever.Allianz is forecasting a 10% increase in UK insolvencies for 2024 and will be 43% above pre pandemic levels. They do expect a recovery in 2025.Https://www.allianz-trade.com/en_GB/insights/economic-research/2024-uk-insolvency-outlook.html

[disc0dave46] 10/5/2024 10:49

Great news the UK isn’t technically in a recession. But businesses are still struggling so obviously will take time for a recovery to feed through.
As for gas prices - with their hedging already in place for longer (2 year) contracts what’s happened now Shell have taken over?, did their customers T’s & C’s include such changes in terms of price, or become null and void, or still valid?. My previous point about falling gas price being a negative was based on the likelihood that their hedging would then be above wholesale / OTC. Now with an uptrend in gas price since Shell acquired their hedging contract then any forecast customer volumes to be met that aren’t yet hedged or signed up, will potentially be hedged too high and either their mitigating price rises results in losing customers and / reduced profits?.
I don’t know the detail and neither does anyone else other than insiders, but those directors selling would know. Guess their next update will reveal more meat on the bones, be it positive or negative.

[sparky333] 10/5/2024 10:06

Steady she goes higher than this point last year. Was 57p a therm UK natural gas futures hovered around 75 pence a therm due to a decrease in wind power generation, resulting in higher gas demand for electricity production. Wind power output in north-west Europe and the UK is forecasted to stay low until the weekend, leading to an increased reliance on gas in power plants. Additionally, Norwegian pipeline supplies dropped to 290-295 mcm/day in May from 350 in April due to maintenance. Conversely, there was a significant rise in natural gas deliveries to Freeport LNG's export facility in Texas, indicating the resolution of recent disruptions. Furthermore, concerns about gas supply alleviated amid optimism for a ceasefire in the Middle East.

[sparky333] 10/5/2024 07:27

100% agree 2008/9 banking crisis never really ended they just printed money and now spent the last decade working out how to balance the books Inflation is always a good tool to reduce debt - and blow me we had 2 years of high inflation and higher interest rates.Funny how things always balance out in the end, the question is are we about to enter a boom cycle as we have had one for a very long time in the UK. I am sure we will find out over the next 2 years unless of course all hell breaks loose on the war front .

[johndoe23] 10/5/2024 07:15

Start of a new bull market??!

[sparky333] 10/5/2024 07:13

So the UK is officially out of recession, excellent news the wheels of industry are turning once again.Good news for energy suppliers as consumption will grow and in theory drive up prices, especially as supply is on a knife edge daily thanks to the mess Europe and the Middle East are in .YU has thrived through a pandemic, energy crisis , recession, war in Europe and gone for £85m to £450m turnover What will happen in a normal scenario, hmm now that's food for thought

[blackfinance] 09/5/2024 18:53

Just checking in after a few weeks to see how "no life discodave46" is getting on.....mmmmm....no change then !! Hey ho.

[mutley655] 09/5/2024 17:03

I bought back in today. If I set stop losses on future on large holdings I think I will set stops in batches at different price points. I Think what didn't help was I had the same stop value in both my pensions. I held 2496 shares in one pension and 5360 in the other. The 2496 sold at 1660p just below my stop price of 1675. The 5360 sold at 1590. Someone made a lot of money at my expense.

[jasonstephens22] 09/5/2024 17:02

This thread is like slowing down to watch a road accident. So depressingly toxic but can't help but come and see Disco and Munchkin's behavior.

[disc0dave46] 09/5/2024 16:50

SparkyWhy are you comparing Octopus bad debt provision with YU?, completely different business model and customer base.Octopus also have funds set aside to accommodate bad payers £15m to £30m in their Octo Assist Fund. So basically they try and keep bills lower rather than add bad debt to their customers bills. Probably why they only made their first ever profit recently. Plus they use debt collectors to obviously try and re-coup any debt.As the majority of YU customers are SME's, the hierarchy for paying outstanding bills / debt when businesses go bump won't have utilities at the top of the list, banks, bond holders etc will be at the head of the queue so possibly why their provision is higher, don't know for sure but it's meaningless anyway IMO.

[fidra] 09/5/2024 16:22

It’s likely just a mirror image 😂

[sparky333] 09/5/2024 16:20

It is worth also reading the Liberium note as well if you have access. Just makes a mockery of the share price for example Liberium maintains Bad debt at 3.1% so please tell me how octopus with millions of domestic can use 1.3% in 2023 ? Makes no sense either Octopus are winging it or YU are over cautious. If the latter that provision will come back eventually.

[gswredland] 09/5/2024 16:19

Yep no need to panic here

[fidra] 09/5/2024 16:15

Rather than listen to what people say on here or even heaven forbid elsewhere ,it is worth reading the final results statement which came out on the 19 March .

That shows what a bargain this company will likely turn out to be.

I was just rereading it in the light of yesterday’s fall and today’s rise.

Had not realised / had forgotten that they stated “board targets significant market share growth” and “organic growth of 50%”

Sorry Sparky333 so long since I have read the statement I had not realised some of your posts had been taken from it .

At the agm ,I would add I don’t think we will get a trading update with figures etc,as this is really a 6month item .I think we will get a statement that the year is progressing in line or above expectation .which I would be pleased with apart from all the resolutions passings .

[wooster4] 09/5/2024 15:17

whatever sunshine!!!

[sparky333] 09/5/2024 14:58

PE of 8 for 2023 must be looking very temping along with 37p dividend at the end of the month.Jeez not many stocks in the category with 98.6% market share to grab going forward worth over £50b per annum.