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 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.

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.....

Yu Group (#YU.) – H1 revenues “expected to be approximately £45.0m (H1 2019: £56.6m)”, argues recent improvement

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.

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.

Yu Group (#YU.) – FY19 results: blames Covid-19 for going concern warning but net current assets were just £187k at year end vs £6.66m

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!

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.

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?

Yu Group (#YU.) - new office RNS Reach ramparoonie: how will it pay?

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.

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.

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.)

Told Yu!

AIM-listed Yu Group (YU.) released its interims this morning. For all the hope and bluster, as predicted, the balance sheet says it all for me and the shares are currently down 17% to 122.5p.

Yu Group (#YU.) – interims: despite the optimism, balance sheet shows issues. When's the placing?

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...

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.

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...

Yu Group (#YU.) – Waste of space FCA to discontinue investigation, “has no present intention to take action against the company”