Keyword results: Yu Group

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Yu Group – AGM Trading Update: Time For A Mea Culpa, Yet?

I have been bearish on AIM-listed Yu Group (YU.) almost since the dawn of time. Well, since the company ‘fessed up that it had effectively been making up its numbers and that there was a black hole in the accounts. So is it time to reconsider, in the light of yesterday’s apparently bullish AGM trading update? Not so fast…..

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Yu Group – Results Show Profit, Cashflow Says Otherwise

It is always a Red Flag for me when a company posts a profit but is burning cash, and that brings me to yesterday’s full year results for 2021 from  AIM-listed Yu Group (YU.).

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Yu Group – Trading Update: When Is A Profit A Profit?

AIM-listed Yu Group (YU.) has updated the market with a full year trading update for 2021, claiming a very strong performance for FY21, significantly ahead of market expectations….FY21 revenues, profitability….have all extensively exceeded management forecasts. So the coffers are burgeoning with cash, then? Er…..

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Yu Group – Interims to end June Claim Profit, But…..

AIM-listed Yu Group (YU.) has posted its interims to June 30 this morning and claims a profit of £0.9 million – a good effort. Better still, the balance sheet shows that YU was technically solvent (just) at the period end. There are, however, a few observations to make on that! Call me a pedant if you wish.

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Feck Yu Trading Update: Profitable Growth or More of the Same?

AIM-listed alternative energy supplier Yu Group (YU.) has updated the market this morning with a trading statement for the half-year to June. We are told of strong growth in bookings ad revenue with confidence in delivering profitable growth, but whilst cash balances are broadly flat (ie a little down) over the period there is again no discussion of net current assets. So is it just more of the same?

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Yu Group – Profits are a matter of opinion……

AIM-listed Yu Group (YU.) had its AGM this week. All the resolutions were passed, as one might expect, but the company talked of being profitable in the second half of last year and continued momentum from FY20 as 2021 got off to a good start. But profit – as we all know – is a matter of opinion; cash – where Yu’s dangers lie – is a matter of fact.

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Feck Yu - results are dire and the balance sheet a total rum 'n' coke

AIM-listed Yu Group (YU.) released its Full Year numbers for 2020 this morning which show continued cashburn, a horrible lack of balance sheet support and negative net current assets. As I had suspected, the trumpeted cashpile announced in the FY Trading Update was a mirage, with payables up and receivables down. The shares may have been on a tear recently, but the company is heading for a brick wall.

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Yu Group – Something does not add up here

AIM-listed alternative energy provider Yu Group (YU.) shares have been on a tear ever since it released a trading update on 26th January this year. The shares moved up from a previous close of 120p to close the day at 195p. Today, last seen, the stock is up to 355p having been as high as 370p but something just does not add up here.

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Yu Group – Very Positive Trading Update, BUT something is missing……

AIM-listed alternative energy provider Yu Group (YU.) updated the market this morning with a trading update which reads extremely positively. The shares are up by a very impressive 40%, but something was missing in this morning’s release. Will investors piling in this morning come to regret it?

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Yu – hoo ……………why are the shares off 10% (with a placing surely imminent)?

I have been flagging up for ages that AIM-listed Yu Group (YU.) needs to raise money. After all, by its own admission it will run out of cash by the end of the year. Now, all of a sudden and with no news, the shares are off by 10%.

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Yu Group – ignore the spoofery, keep selling

AIM-listed energy provider Yu Group (YU.) has this morning announced a new ‘Long-Term Incentive Plan’ for directors and senior management. The terms, from a shareholder perspective, look OK but Yu’s balance sheet suggests to me that this is more about spoofing investors than rewarding management…

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Yu Group – major downside risks (if you actually read the statement carefully!)

Last week’s interim results for Yu Group (YU.) show net assets of £3,753,000 but this includes £4,730,000 of a deferred tax asset. Without this asset, the group would be technically insolvent as liabilities would exceed assets.

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Yu Group – Interims show it is indeed Placing Ahoy: SELL.

AIM-listed Yu Group (YU.) announced its Interims to June this morning – deadline day, never a good sign – and the balance sheet shows it is in a mess.

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Yu Group – appoints fraudsters' favourite SP Angel as Nomad/Broker……guess what comes next

Yet another Red Flag was hoisted above AIM-listed Yu Group (YU.) Towers this morning as it announced its pleasure at appointing SP Angel as Nomad/Broker. Whilst I have little time for any Nomad, surely ex-appointee Shore Capital carried a little more gravitas than the Nomad to Versarian (VRS) and Eurasia Mining (EUA) not to mentiuon the MySquar )MYSQ) fraud where it turned a blind eye to crime, and SP Angel’s broker side has been hit with the scandal at Skinbiotherapeutics (SBTX). But did Shore Capital walk, or was it pushed?

YU
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Yu Group – Now AIM Regulation says F*** YU!

AIM-listed Yu Group (YU.) has this morning updated on the investigation by AIM Regulation into the shambolic mis-reporting of profits/receivables etc which saw the company write off c. £10 million from its 2018 accounts. The result? A £300,000 fine – surely far too light – which has been waived for co-operating with the enquiry! The lesson from AIM Regulation for less than scrupulous AIM Directors is that fraud is no problem – just get on with it and we’ll do nothing at all. There is no moral hazard.

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Yu Group trading statement: never mind the cash……feel the placing coming this way and SELL.

AIM-listed alternative energy supplier Yu Group (YU.) yesterday offered up a half-year trading statement ahead of interims on Wednesday 30 September (deadline day to avoid suspension – a bit of a Red Flag). Having always advertised plenty of cash but turning out to be running short in the net current assets department, is it any different this time? I fear not…..

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Fuck Yu Group – unconvincing AGM piffle

AIM-listed Yu Group (YU.) has released its AGM statement to be delivered to an empty room at 11.30 today. Of course, the empty room is because of the continuing COVID-19 restrictions, but that is not my gripe. It is the statement, which offers absolutely no insight at all.

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YU
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Feck Yu – FY19 numbers say sell but now it could be a zero

AIM-listed Yu Group (YU.) has delivered its FY19 results – this despite claiming it would defer them in line with the FCA’s moratorium (which did not apply to AIM companies)! CEO Bobby Kalar was pleased with the positive results so far as the company recovers from an accounting scandal but I’m not so sure that shareholders should be.

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Yu – Do I Smell a large Rat? Still a SELL.

AIM-listed Yu Group (YU.) has offered up a Covid-19 statement and delayed its results, mindful of the recent request from the Financial Conduct Authority. Except that the FCA’s request as per its RNS released ended with This statement does not apply to AIM companies. Do I smell a rat? You bet!

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Feck Yu Group – adjusted normalised bullshit trading statement doesn’t fool me!

AIM-listed energy supplier with recent accounting issues Yu Group (YU.) has released a full year trading statement. Like its half year trading statement last year, it is again full of holes: it tells us about the cash, but what about payables? And whilst losses appear to have been reduced, references to adjusted EBITDA don’t fool me: the company is still leaking cash.

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YU
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Office ramparoonie RNS Reach from Yu Group. How will it pay?

This morning we were treated to an RNS Reach from AIM-listed and surely running out of cash Yu Group (YU.). We are told that it has agreed the commercials for its new purpose-built office facility in Leicester describing it at a state of the art sales and innovations office to house growing sales, marketing and product teams. Well, woopiedoo! But how will Yu pay for it?

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YU Group – new facility, but I don’t think we are being told the whole truth. Still a SELL

AIM-listed Yu Group (YU.) released an update this morning detailing in part a new hedging facility with SmartestEnergy Limited. On the face of it, it is good news but I rather suspect that when the dust settles it will be seen as not so good. As ever, on AIM, it is not what is said that matters: it is what is unsaid.

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Bear
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5 Slam-dunk sells for 2019 – December update

We are almost at year-end and my collection of sells from the start of the year looks fairly set for its second deletion. But how are the others doing, given that at the last count my notional portfolio of sells was down 13% (ie to sell had been the correct call)?...

 

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YU
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Five Slam-Dunk sells for 2019 – October update

My slam-dunk sells for 2019 are looking better and better (if you are a bear). In my last piece (in September) the average had got almost back to flat but the interim results season took its toll on one of the portfolio and I am now in profit.

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The joke that are TR1 rules – Yu group

If you cross certain percentage ownership of a listed company you are meant to submit a note to that company, a TR1, within days. The company then alerts investors via RNS. But the system is a joke as we see again today with Yu Group (YU.)

Bearcast
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Tom Winnifrith Bearcast: the snakes in the garden of Eden

I urge you to listen to today's free podcast with Lucian. The sound quality is good and the content excellent. It can be found HERE. In the bearcast I discuss my old pals at Eden Research (EDEN),  Yu Group (YU.),Cenkos (CNKS) and FinnCap (FCAP).

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YU
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YU cannot be serious – interim trading statement full of holes: still a sell

AIM-listed utilities provider Yu Group (YU.) has offered up a trading statement for the first six months of the year. The numbers offered are full of holes, leaving more questions unanswered and we are told there will be an adjusted (ie bullshit) EBITDA (double bullshit) earnings loss of between £2.5-£3 million. Goodness knows what the actual bottom-line loss will be then. And as for the cash figures offered...

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YU
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YU Must Think We’re Stupid

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.

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YU

Fecking YUseless Chocolate Teapots discontinue investigation

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...

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Yu-hoo! Why are the shares down 13.5%? Statement needed, surely?

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?

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SPOOOOOOOF or Snouts in the trough? YU’ve gotta be joking

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.

Five slam-dunk sells for 2019 – one down, four to go

They say that a week is a long time in politics (attributed to Harold Wilson), and so it seems with the equity markets. A week ago my portfolio of five shares to sell was actually up by 4.6%. Now, all of a sudden we are at minus 8.6%.

Bear

Five slam-dunk sells for 2019 – mid-February update

It is four weeks since my last update, so it is time to take another look at my sells for 2019. The five have, as a whole, had a better month but I cannot help but think that for three of them the precipice approaches...

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PREMIUM CONTENT

Yu Group – “Trading Update and Change of Auditor” justify the share price rise? Feck yu…

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…

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Bearcast
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Tom Winnifrith Bearcast: Lord Razzall fecks off back to the Westminster Swamp but his final numbers from Boxhill are bollocks

In today's podcast I take a detailed look at Boxhill (BOX) and at Yu Group (YU.) - I believe numbers from neither. I ask questions about Staffline (STAF) and its curious statement today. And i also do some number crunching on the living dead, Phontonstar Led (PSL) and have a few thoughts on Independent Oil & Gas (IOG)

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Bear
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5 Sells for 2019 – early January update

I thought I’d update on my 5 sells for 2019 as after just a couple of weeks a few cracks are beginning to show already. The five, Telit (TCM), Haydale (HAYD), Yu Group (YU.), Walcom (WALG) of the ShareProphets AIM-China Filthy Forty and First Derivatives (FDP) are not necessarily shorts – some, such as Walcom, couldn’t be shorted anyway. But they are sells.

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Bearcast
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Tom Winnifrith Bearcast: does the BCA RNS mean Neil Woodford's funds are at death's door

I start with a report back on my torture of last night. Then I look at a day of woe for Neil Woodford, commenting on the Kier (KIE) debacle which has shown him at his arrogant and reckless worst. Then I ask questions about share trades announced late yesterday in BCA marketplace (BCA), I look at Sosandar (SOS), Optibiotix (OPTI), Bluebird Merchant Ventures (BMV), Yu (YU.) and at Avanti Comunications (AVN).

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YU
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ShareProphets RNS Translation Service: Yu Group ‘fesses up (again) as shares collapse another 22%

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).

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Bearcast
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Tom Winnifrith Bearcast: From 5.30 tonight think of me dear listeners as I undergo sheer torture

I start by explaining that torture and it involves sociology lecturers. I then move onto explaining why Roland "fatty" Cornish is the utterly unacceptable face of crony capitalism. Then moving from the undeserving rich to the needy,  I ask you to give a few quid to Woodlarks HERE. I then look at Frontera (FRR) where the silence is deafening, Amur (AMC), Audioboom (BUST), Angus Energy (ANGS), UK Oil & Gas (UKOG), F*ck Yu (YU.) and finally at Gulf Marine (GMS) which is about to discover that just because it is Christmas that won't stop the banksters being total bastards. There is no season of goodwill for that profession.

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YU

F*CK YU – now the FCA investigates as suspicions of securities fraud mounts

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.

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YU – all silent in run up to Christmas (so far….)

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?

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Fuck Yu - ex FD but shareholders in Totally screwed too

Today's bearcast is recorded outside the Greek hovel as Joshua does not seem to understand why hard working folks here in Greece have an afternoon sleep. In the podcast I look at Yu Group (YU) in detail, Challenger Acquistions (CHAL) and MX Oil (MXO) en passant and, in real detail, Totally (TLY) where either CEO Wendy Lawrence or scumbag, low life, morally bankrupt PR Yellow Jersey, or both, must think investors are truly stupid to swallow the horse in today's trading statement.

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YU
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Fuck Yu! Shares crash 80% as accounting review commences. Uh oh….. surely this is another £12m of AIM fraud?

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…..

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