Share Name Share Symbol Market Type Share ISIN Share Description
Yu Group Plc LSE:YU. London Ordinary Share GB00BYQDPD80 ORD GBP0.005
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -1.49% 165.00 40,378 09:25:24
Bid Price Offer Price High Price Low Price Open Price
160.00 170.00 167.50 165.00 167.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 80.64 -9.64 -42.00 27.0
Last Trade Time Trade Type Trade Size Trade Price Currency
13:45:21 O 398 161.25 GBX

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Date Time Title Posts
21/6/201916:53Yu Group PLC - Business Energy Supplier2,777
21/9/201619:27New Gas and Electricity Supplier19

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Yu Daily Update: Yu Group Plc is listed in the Electricity sector of the London Stock Exchange with ticker YU.. The last closing price for Yu was 167.50p.
Yu Group Plc has a 4 week average price of 155p and a 12 week average price of 87.50p.
The 1 year high share price is 1,025p while the 1 year low share price is currently 42.50p.
There are currently 16,281,055 shares in issue and the average daily traded volume is 85,720 shares. The market capitalisation of Yu Group Plc is £26,863,740.75.
ianf67: All sells today. Share price will dip below 1.6 then time to top up
tickboo: Not sure the market agrees. Great for employees but depending on their appetite but put pressure on the share price short term. Not a huge number so we'll see.
ianf67: A reason why the share price is not moving perhaps
mcrudden: I agree, I'm in this for an investment not just a quick buck day trade, hopefully they have all left and the share price can gradually climb whilst we await the trading update or news in the summer. ??
ianf67: All sells today over 15k, and the share price holding. I think we have hit the bottom now
tickboo: And no shift in the share price. I assume the seller will be clear soon so it will move and I guess when it goes it will go hard.
tickboo: Really, why? Th share price has come down since the rumour.
molatovkid: Aye of course...and some bloke breaks it on Twitter. You could offer double the current share price and save yourself £2 a share right there
pwhite73: dave4545 I see where you're coming from but it can be hard to tell what's happening in the background and to what extent MM will sell stock that they haven't got to keep the price down. All the buying cannot shift the share price but a handful of sells and its down again. People were buying at 257 when the bid was at 245. So clearly the buyers are prepared to accept the wide spread. I suspect the buying is predominantly from one source. 85% of the shares are 3% holders or more and they are on the company's website last updated 01/05/2019. So only 15% of the shares are in the market for retail shareholders. There might be a placing exercise going on in the background now that the FCA has finished its investigations who knows. But with a cash pile of £14m why would they want to dilute shareholders further having just apologised for the accounting scandal.
kaka47: ShareProphets RNS Translation Service: Yu Group 'fesses up (again) as shares collapse another 22%By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 20 December 2018If you like this, please share this article using the buttons below Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.And so at last we have the results of the forensic accounting review which followed the confession from AIM-listed Yu Group (YU.) on 24 October 2018 that its accounts were, in effect, a work of sheer fiction and has seen the company's £12 million placing at £10 per share being investigated by the FCA. We already knew that the bill would be around £10 million – but now it is going to be around £13 million. As ever, the ShareProphets RNS Translation Service is on hand to help us understand all this (original in bold).The findings from the Review have recently been presented to the Group's Board and Audit Committee. After assessing the outcome of the Review, and after performing additional internal analysis of its trading performance and balance sheet, the Board believe a further reduction in profitability is anticipated of between £2.75 million and £3.25 million. What's half a Bernie between friends?Consequently, the Group forecasts an Adjusted Loss Before Tax of between £7.35 million and £7.85 million1 for the year ended 31 December 2018.Notice the 1 after £7.85 million: the qualifications are:[1] The Adjusted Loss Before Tax excludes charges for Share Based Payments, gains or losses on derivatives contracts, and, for Financial Year 2018, exceptional restructuring costs, provisions made on first adoption of IFRS 9, and the costs of the Review. It is also is based on a working assumption that the corrections will not result in a restatement of prior year accounts.One might wonder how certain a restatement of prior year accounts is....100%?The Group held £11.0 million of cash at 30 November 2018 and continues to have no debt outstanding.All very well, but what about payables? At the half year cash sat at £18.2 million but payables were £15.2 million and we've just been told that the review of accounting matters has knocked around £13 million off the company's balance sheet. If the company has £11 million of cash and is still sitting on payables of £15.2 million – and receivables of £17.4 million were just a work of fiction at the half year – one might gently suggest that a rescue bailout placing is on the way.....or worse.At the half year, net current assets were £20.5 million. But now we've been told that £13 million was pure fiction, and that £7 million of cash has walked out of the door. I reckon that means net current assets are now sitting at nothing.Meanwhile, although the (fictional) interims boasted a pre-tax profit of £2 million, the cashflow statement shows an inflow (before fundraisings and dividends) of £1.6 million. But those figures were heavily helped by an increase in receivables of £4.4 million and have been shown to be fiction, and an increase in trade and other creditors of £3.9 million.We have not yet been told how much of that £4.4 million is being written off, but we do know that £6.4 million of trade debtors is being written off. That alone suggests that the group's cash position/cashburn at the half-year could have been polished by up to £8 million.So much for a £2 million pre-tax profit in the half-year! Now we are told that a pre-tax loss of around £7.5 million is expected.And since the company's market capitalisation has fallen now to just £10 million, this all looks to be a severe headache in the worst case scenario. It looks as though the company needs a bailout placing ASAP, with a collapsing market capitalisation and in a bear market.This ain't going to be pretty.To continue:Whilst recognising that future cash generation will be impacted as a result of lower than expected profitability, the Board wish to clarify that the adjustments noted have largely been reflected in the cash position of the Group at 30 November 2018. Well cash is cash and receivables are receivables. So how can the cash as at 30 November reflect the now conceded non-arrival of receivables? Is that just hogwash?As for future cash generation will be impacted... by how much? Does this actually mean it will be cash outflow? We are not told.We are also not told if the board stands by its previous claim to be confident to returning to profitability in 2019. That's a big red flag, given that we could well be sitting on zero net current assets right now, possibly with further cash heading out of the door.The failings are horrendous, including:The Group's internal controls were inadequate, including a failure to perform certain key financial reconciliations, incorrect management of systems, and poor data quality resulting from complex and manual ledger processes;And....Where controls were in place they tended to be informal and therefore applied inconsistentlyIn other words, there were none!The good news is that it seems that group auditor KPMG will be next up in the firing line:The Audit Committee is continuing to investigate the failings leading to the corrections, including via key stakeholders and with the external auditors, to ensure all appropriate lessons are learnt and actions are taken accordingly.Let's hope we hear from the FRC in due course!As for shares in Yu, it seems that a bailout placing will be needed to get through the next audit. In this market, with a market cap of £10 million and possibly with no net current assets, what do you think the effect of the share price will be?Exactly!Well done to the new FD for getting this all out in the open, but Yu is still a total and utter Bargepole.
Yu share price data is direct from the London Stock Exchange
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