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Coronavirus impact: 6 April - interest holidays and another fund raise looms

06/04/2020 · H&T Group (HAT)  · Sage Group (SGE)  · SigmaRoc (SRC)  · WH Smith (SMWH)  · Yu Group (YU/) 

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Coronavirus impact: 6 April - interest holidays and another fund raise looms

A much anticipated fund raise from one hitherto high-flyer and an interest holiday from a pawnbroker is the latest Covid-19 induced business adaptation

Yu Group: grim reading and very challenging outlook

Full year results for the year to 31 December 2019 from business utility supplier Yü Group PLC (LON; YU.), make for grim reading and the short term outlook is clearly very challenging.

While revenue increased 38% £111.6m, the group still incurred a pre-tax loss of £5.9m, although this was an improvement on the prior year’s £9.6m.

Contracted revenue for 2020 of £79.5m at the period end offers some reassurance, but…

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