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ARTICLEYU Must Think We’re Stupid
2019-05-19 14:40:16
Yu Group (YU.) has been the AIM darling this past week and I see the usual suspects are out in force telling the
masses how the company should trade at many multiples blah blah blah. I wonder how many millions all
these guys have made seeing as they put Warren Buffett to shame in finding truly undervalued shares.
Fecking YUseless Chocolate Teapots discontinue investigation
2019-05-16 11:00:15
Never mind that a £10 million (or thereabouts) black hole was found in the accounts of AIM-listed Yu Group (YU.) and it raised £11.6 million in a placing last year on the back of dodgy accounts, the chocolate teapots at the FCA have discontinued their investigation, according to the company this morning...
Yu Group (#YU.) – Waste of space FCA to discontinue investigation, “has no present intention to take action against the company”
2019-05-16 07:54:48
Yu Group – FY18 results and a lack of cash (despite the headlines)?
2019-05-15 15:03:31
AIM-listed Yu Group (YU.) has posted its much awaited results for the year to December 2018 – much awaited because during the year it ‘fessed up that its previous numbers had been less than believable. The opening lines make good reading – and the market has reacted well, marking the stock up by a whopping 67%, last seen, to 155p but I wonder about that.
Yu-hoo! Why are the shares down 13.5%? Statement needed, surely?
2019-03-27 07:42:46
Shares in Yu Group (YU.) have been slipping for a few days, and today they are off by 13.5% at just 75p bid, 85p offer. Of course, we already know that it was making up its numbers until the appointment of the new FD and the bean-counters have been crawling all over the company since then…..as has the FCA. A few days ago the stock was at around 120p, so why the drop?
SPOOOOOOOF or Snouts in the trough? YU’ve gotta be joking
2019-02-26 07:52:44
Sometimes a company issuing options can have a positive spin. Think Big Sofa (BST) under the new management of Kirsty Fuller, having ‘fessed up the uselessness of the previous regime and where options were handed out at 3.5p but only exercisable if the shares clear the 6p mark.
Yu – reading through the numbers
2019-02-02 02:56:58
As Tom Winnifrith said in his Bearcast on Wednesday, Yu Group (YU.) offered numbers in its latest trading statement which are completely meaningless – and thus its net cash position could be anything. I’ve been trying to piece some of it together.
Yu Group – “Trading Update and Change of Auditor” justify the share price rise? Feck yu…
2019-01-30 07:50:39
Supplier of gas, electricity and water to businesses, Yu Group (YU.) has updated on 2018, including ‘confirming’ some prior guidance and CEO Bobby Kalar emphasising “with a strong balance sheet and a focussed and dedicated workforce, I remain confident in the underlying business, the significant market opportunity available to us, and the long term success of our proposition and I am absolutely driven to put us back on track”. The shares have responded currently more than doubling, to above 150p. Hmmm…
ShareProphets RNS Translation Service: Yu Group ‘fesses up (again) as shares collapse another 22%
2018-12-20 05:14:04
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).
F*ck Yu (#YU.) – accounting review sees a further bottom-line reduction anticipated
2018-12-20 00:56:42
F*CK YU – now the FCA investigates as suspicions of securities fraud mounts
2018-12-19 04:02:58
On Monday I wondered out loud what was happening about the forensic investigation into various accounting matters – including accrued income recognition and impairment of trade debtors at Yu Group (YU.). Then there was the small matter of a £12 million placing on the back of FY17 accounts which now appear to be somewhat questionable. Well blow me down with a feather: now the FCA has notified the company that it intends to conduct an investigation and the shares (which I called a bargepole of the highest order on the initial ‘fessing up of 24th October) have now fallen below half of the IPO price of March 2016.
Fuck Yu (#YU.) says FCA as it launches investigation into misleading RNS statements
2018-12-19 00:35:41
YU – all silent in run up to Christmas (so far….)
2018-12-17 04:49:07
Back on 24th October, AIM-listed Yu Group (YU.) issued a devastating RNS regarding accrued income recognition, impairments of trade debtors and the shares collapsed 80%. Then on 5th November the company announced that it had appointed PWC and DLA Piper to carry out independent forensic investigations and promised to update the market in due course. So how about that update?
Fuck Yu! Shares crash 80% as accounting review commences. Uh oh….. surely this is another £12m of AIM fraud?
2018-10-24 13:30:58
AIM-listed Yu Group (YU.) only joined the Casino back in March 2016, via a placing at 185p. Since then it has been a one-way street for shareholders, with the stock rising to a peak of over £14 in March of this year. And then the Finance Director resigned…..
Yu Group (#YU.) – accounting review identifies “several areas of significant concern”, forensic review of systems
2018-10-24 06:56:31
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