Yu Share Discussion Threads

[sos100] 23/7/2024 07:11

"I'm proud to report a continued set of strong results; with revenue, meter points supplied energy, and meters installed increasing by c.60%, 82% and 125% respectively on the same period in 2023.

We continue to focus on delivery of our strategy, increasing market share through our unique Digital by Default offering and supported by our new agreement with Shell, and to deliver sustainable margins as we scale.

Cash generation is very strong and provides a good basis to support our progressive dividend policy and to invest in strategic initiatives.

I remain excited by the future and am fully committed to delivering shareholder value. I would like to thank my fantastic team for continuing to deliver our growth trajectory and enabling the Group to benefit from its position as a key challenger brand in a £50 billion market."

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£86m is just the cash balance

I'm no expert but at under £400m surely madly undervalued??

[ayl30] 23/7/2024 07:07

Positive trading update today , everyone happy?

[disc0dave46] 22/7/2024 15:20

Yawn still filteredMust be a sad life if all you do is vent your anger on here.Get a life chap along with all the other filtered saddos :)

[disc0dave46] 22/7/2024 14:25

RickyReason (CFO) has only put his hand in his pocket to buy c £54k of shares, that was 2019 as a pure PR exercise as he'd stated that would be making a profit that FY - they made a loss of over £4m.Since 2022 he's sold c £3.6m of shares (more than half his holding), the majority was recently.You are right to flag the recent sells.DYOR

[sparky333] 22/7/2024 14:15

Looks to be stale mate ahead of TU.

[cocker] 22/7/2024 12:53

Well the same CFO sold shed loads at 2 quid , so not really a yard stick Ricky, albeit at the time had a major drag on the share price However, the last lot sold were purchased by the company and not the open market, thus speaks volumes IMHO.

[froggy5] 22/7/2024 12:15

Disco...We want Munchkin can you dig him out of your fancy dress box..He is always good for a boost to YU...Thankyou F

[disc0dave46] 22/7/2024 10:17

Ricky46Thumbs up. Someone who also has the capacity to take on board negative signals, namely those Director sells.Just a reminder - the CFO and Director of Retail sold over half of their holdings not long after the Shell deal was signed.

[disc0dave46] 22/7/2024 10:14

Sparky you do make me laugh:"Next door feels YU have no prospects and full of risk, here we are frustrated as what we perceive a stupidly low SP"Never said anything of the sort. If you think there are zero risks as you've stated then you are a bigger fool than I thought.Absolutely every investment has risk, you just choose to ignore them.

[sparky333] 22/7/2024 10:08

£19 is proving a brick wall at the moment.Tomorrow fingers crossed should see £19 in the rear view mirror

[disc0dave46] 22/7/2024 10:08

Folks may find this quarterly report by Begbies Traynor (Red Flag Reort) of interest, for the likely impact to businesses like YU and other investments you may have."Over 600,000 UK firms face financial strain amidst challenging economic climate"Https://www.investegate.co.uk/announcement/rns/begbies-traynor-group--beg/latest-red-flag-alert-report-for-q2-2024/8322175Wonder if £19 will hold today?

[fidra] 22/7/2024 09:58

The last time he sold I sold my daughters shares 750 at a loss.i think the price was 1.80£I bought them back at around 4.50/5.00£.except this time I bought her considerably more.

So I am not sure why he sold then. Maybe we find out tomorrow.

[ricky46] 22/7/2024 09:58

Yes, fingers crossed

[sparky333] 22/7/2024 09:56

We shall find out tomorrow Ricky

[ricky46] 22/7/2024 09:52

All great this positive stuff lads, but if everything was so assured and worth so much more, why all the insider selling a few months back, not so sure you guys know as much as the CFO…….. just a little bit of food for thought.

[disc0dave46] 22/7/2024 09:33

SparkyStill waiting for you to post up some risks, because there are some!.Major concern IMO is how well are Shell performing at hedging their energy requirements, has YU's margins been impacted negatively?.As for all the cash, again the rampers keep banging on about that, okay so it's rumoured elsewhere (by NG) that part of the Shell deal involved working capital (WC) collateral, having a months WC on the books - does any of the rampers know what that looks like?, going on their finals it was £32m at the time the accounts were drawn up. So is this requirement in addition to their actual WC?, how much?, as sales increase so will their WC requirement (if £675m sales FY24 as forecast then a minimum WC could be c£50m).

[fidra] 22/7/2024 09:16

The people who should know what is going on outside the company are the shell energy
People booking the trades.

Which makes it slightly more interesting what has been said on other boards in the last few weeks.

[fidra] 22/7/2024 09:09

I agree,but wonder if the quicker he gets there the better.

I think we are mostly agreed that to sell some would enhance the investment grade of this stock,therefore may lead to a quicker and sustained rise.

As you say Sparky333 who knows what he will do.

I would say I am happy at the present time,hopefully tomorrow and coming weeks I am even happier.

[disc0dave46] 22/7/2024 09:09

SparkyIn your fantasy world again.The shackles were off in Feb you say - do why did Directors sell off in April and May?.All the rampers seem to simply ignore the fact that if they now default on a covenant, a covenant that nobody knows the details, the Shell gets the business gratis - but all everyone keeps banging on about is 100k meters, a special dividend snd possibly a buyback.IMO BK will be selling a decent chunk which will have to be via a secondary placing (likely at a discount too), perhaps to Shell, who knows. As ever the business keeps it all hush hush.

[sparky333] 22/7/2024 08:57

It is a conundrum Fidra as to what BKs end game is, obviously a great a business man and very driven but everyone needs an end game He obviously sees YU worth multiples of today and sees YU as one of the biggest players in the SME market in the next few years and we should get an insight into that tomorrow.The shackles are off and have been since Feb but again if things are steaming along when what is his end game to become a billionaire then sell to a giant like Shell or CNA or overseas buyer.

[fidra] 22/7/2024 08:38

If they change capital gains tax and selling of your business,maybe we see see BK exiting sooner.Or maybe selling a portion to Ii or Shell.

By selling some it does make the company more investable in for II