Yu Share Discussion Threads

[neo26] 09/12/2018 16:57

if fraud has occurred at the time of placing cant those institutions take YU. to court?

Were the figures not misrepresented?

[kierandoberman] 09/12/2018 16:42

Short fall ? We have millions in the bank and order our book up by a great percentage .

[neo26] 09/12/2018 15:41

How much more money needed to be raised, there will be a shortfall.

[rakepat37] 07/12/2018 16:28

We will hopefully have a re rate soon as this is going to be explosive

[red ninja] 06/12/2018 11:59

Mmm from the Annual Report the full statement as regards Yu Group was :-

Our largest contributor in the period was Yu Group. As a new entrant in the provision of energy supply to small businesses, we had been impressed by the revenue growth being reported with the company seeming to go from strength to strength. We were not alone and the shares performed well rising 47% in the year as a whole, with the share price peaking higher still. That said, as we outlined in the 2018 interim report, we did sell down almost three-quarters of our holding as the valuation rose and we felt the risk / reward had altered. With hindsight we wish we had sold more. This October the company announced that an accounting review by the new finance director had revealed a number of overstatements. Rather than showing a £5 million profit as previously forecast, the company now expects to be significantly loss-making in the current financial year. The company still has a strong cash balance but it will take time to resolve the issues and rebuild credibility. Whilst hugely disappointing it is, nevertheless, a useful reminder of why we take profits from our investments on a regular basis.

[optrade] 06/12/2018 11:49

derampers will not know revenue growth. yet Artemis knows, and hence they have some holdings in YU

"Artemis biggest contributor was Yu Group PLC. Artemis said it was "impressed" with the small business energy suppliers revenue growth."

[mam fach] 05/12/2018 12:31

If only we could entice some new buyers.
Price would soon recover.

[mam fach] 05/12/2018 11:07

Agree. Sorry for holders who paid £10.
Question is will share price ever recover to £10 or even £2.
It all depends on the findings of the audit.

[1me me] 05/12/2018 10:31

Well with the newer energy companies dropping like fly's (6 this year) why would it be any different at Yu Energy. IMO been caught with their pants down with the hedging this year.

[mam fach] 04/12/2018 16:42

That support review is taking long time.
Is that a good or bad sign ?

[ny boy] 04/12/2018 12:50

I may have bought these a tad early next month, anyway not a big investment, sit and wait how the landscape is post Brexit.

[mam fach] 03/12/2018 17:08

At least jayj4u thinks they will be worth buying then.
That's positive.

[kierandoberman] 03/12/2018 14:03

That's not what I want to hear with an average of £1.8 ! Lol

[jayj4u] 03/12/2018 13:36

Will this fill gap?Well if you are holding then you will find out.I'm looking to buy these between 80p to £1!

[kierandoberman] 02/12/2018 19:21

RNS inbound, will we fill the gap ?

[mam fach] 28/11/2018 17:55

Well said.
Every cloud has a silver lining.

[babbler] 28/11/2018 15:59

Or they could snipe their customers.

[1me me] 28/11/2018 15:56

Extra Energy went bust Sunday with 108,000 domestic and business customers. Yu could be next

[babbler] 28/11/2018 14:17

Less competition. :). Buy price approaching.

[mam fach] 26/11/2018 13:49

Just what we wanted to hear.

[pictureframe] 26/11/2018 12:10

A few small energy suppliers have gone under very recently.

[leonidas] 22/11/2018 11:32

ex-dividend day thank you very much yu group payment 08-01-19 £500.oo to be precise.

[leonidas] 22/11/2018 09:23

ex-dividend day to day......................