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Just Energy Group Inc. (JE)

NYSE - NYSE Delayed Price. Currency in USD
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5.03-0.19 (-3.64%)
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  • T
    TRADE-2-WIN🏦
    ✅🤑✅ Just Energy

    TEN MORE REASONS ITS A VERY STRONG BUY.

    Instead of reading this board and following others lead, Company’s investor relation is the best place to know about your investments. These are some of the facts you can find in the balance sheets and PR.
    1-✅ Big investors forced Rebeca MacDonald to resign. The founder who was responsible for misguiding up to 4 months ago. And the current management team is experienced and dedicated.

    2 - ✅They get rid of $520 mm dept, which will be projected in the coming balance sheet.

    3- ✅They raised $100 mm throughout their recap plans.

    4- ✅they get rid of $45 mm of annual interest.

    5- ✅they renovated all their stores in North America to be more attractive and convenient for customers.

    6- ✅they have different business areas.; Gas , Electricity, Filters and furnace.

    7-✅They have 880 employees.

    8- ✅They have 1.2 mm fixed customers who need to pay their utility bills (5 to 25 percent increase in both electricity consumption and prices because of pandemic based on Bloomberg and Reuters which I forwarded the links here 3 months ago )

    9- ✅$520mm debt reduction which will be projected in this balance sheet is not considered in * fair value * by Morning stars(us$10.72), Simply Wall Stree(C$40) and others.

    10- ✅They have invested in green energy sector and have increased it significantly. You can check their distribution map.
    🤑 Oh Sorry. This one makes it 11.

    11- They sold unprofitable Japanese and UK businesses by February this year and returned to their previous core business in North America, so the Q2 income was positive and will be more in the coming years.
    Bullish
  • k
    kobe
    What was the point of yesterday’s gain smh. Gone in a matter of 2 seconds
  • K
    Keith
    everyone holding this should not sell. why do people want to make a loss and sell it. With more than 7.5k reactions here... I'm sure most of you own some shares yourself. Just hold and place it in order book above $20. it might help I guess.
  • G
    Goldo
    Looks like $4.80- $5 is the bottom. The real question is when is gonna go up to at least $10? Hope it gets there by the next ER!
    Bullish
  • j
    jessica
    JUST ENERGY GROUP INC. : Shareholders Board Members Managers and Company Profile | MarketScreener
    m.marketscreener.com
    Bullish
  • R
    Rebekah
    Ready for this to take a ride...any day now.
    Bullish
  • b
    bud
    JE , With Nat. Gas. Price's Are Moving Up Very Quickly , And Electric Price's Have Been And Are Moving Up , Profit's For , J E , Next Quarter Will Be Huge , And Yes , Albert , Large Hedge Fund's , And Heavy Hitter's , Are Also Starting To Buy Up , J E , Share's , They Also Know , J E , Float Is Very Small Amount Of Stock Left To Buy , Everyone Want's , J E , Stock To Go Back To , $93.00 , Again , GLTA ,
    Bullish
  • T
    Tom
    When will they announce adding solar to their services
  • b
    babar
    Tomorrow will good day for JE investors going to Hit $12 morning hour
    Bullish
  • K
    Keith
    hello everyone . I really need a good advice, please do not comment if you intend to troll or gloat over this.

    I bought the stocks before the recapitalization and my WAC is at $12+ . Im starting to lose faith in this but by selling it now, it will be a huge loss.

    Is there any guru out there that can advise ?
    Bearish
  • R
    Raeed
    Been holding this ever since the reverse split mess, not nearly as long as most people in this board. But I think I’m going to pull my (rather small amount) money out. Best of luck to all still holding!
    Neutral
  • j
    jessica
    Something is brewing?
    Bullish
  • O
    Ozark Rich
    This looks just like the FGPR stock I owned.
    It went downhill fast.
  • T
    Tony
    Just Energy Reports Fiscal Second Quarter 2021 Results

    Base EBITDA from continuing operations of $33 million for the fiscal second quarter 2021
    Increasing Base EBITDA guidance range to between $145 million and $165 million for fiscal year 2021
    Completed Recapitalization provides strong foundation to drive profitable growth

    TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities, renewable energy options and carbon offsets, announced its second quarter results for fiscal year 2021.

    “The second fiscal quarter was hallmarked by several important milestones including reestablishing the Company as a financially stable, more nimble and competitive retail energy provider” said Just Energy’s President and Chief Executive Officer, Scott Gahn. “We believe the successful closing of our Recapitalization plan, the reconstitution of the Board of Directors and appointment of new leadership were mission critical and position us to better meet our customers’ needs and ultimately deliver value to our stakeholders.”

    “Our Q2 sales improved, with our total new RCE additions increasing from forty-six thousand in Q1 to eighty-six thousand for the second quarter of fiscal 2021. The increase was driven by our focus on building our digital sales capabilities while our direct sales channels continue to be inhibited by the COVID-19 pandemic, resulting in a decline in our net RCE additions for the quarter. In spite of the challenges, we continue to concentrate on ensuring every action we take is in pursuit of profitable growth and we are confident in our ability to achieve that goal.”

    Mr. Gahn concluded, “While the timing and pace of any potential recovery is difficult to predict during the pandemic, which continues to constrain our direct selling activity, we are experiencing increasing momentum in digital sales activity and gaining more confidence in our outlook for fiscal year 2021 financial results. As a result, we are tracking to the upper end of our original Base EBITDA guidance and have increased our guidance for Base EBITDA to a range of $145 million to $165 million for fiscal year 2021.”

    Key developments:

    The Company completed its comprehensive Recapitalization plan on September 28, 2020 to strengthen and de-risk the business, resulting in total liquidity of $138 million as at September 30, 2020.

    Base EBITDA from continuing operations decreased 33% compared to the second quarter of fiscal year 2020 to $32.8 million. After taking into account a $6 million one-time legal provision in the quarter and a non-recurring $15 million gain in the second quarter of fiscal year 2020, Base EBITDA was up $5 million compared to the second quarter of fiscal year 2020. The second quarter of fiscal year 2021 was impacted by the one-time legal provision and lower Base gross margin but was partially offset by lower bad debt expense.

    Base gross margin was $138.3 million, a decrease of 11% compared to the second quarter of fiscal 2020, as a result of a decline in the customer base, partially offset by higher consumption loads as a result of COVID-19 and lower weather hedge costs.

    Administrative expenses were $44.0 million. Excluding the one-time non-recurring $6 million legal provision (see Legal Proceedings in the Company’s Financial Statements and Management Discussion and Analysis), the administrative expenses were 7% lower than the comparable quarter in fiscal year 2020.

    Selling non-commission and marketing expenses fell 37% to $13.0 million compared to the same period of fiscal 2020 driven by suspending door-to-door sales, realizing prior year cost savings and maintaining our focus on cost containment partially offset by additional investment in digital and telesales.

    Delivered unlevered free cash flow of $53 million for the six months ended September 30th, 2020 while paying $30 million of Recapitalization and restructuring costs and paying down certain extended supplier payables.

    Embedded gross margin (“EGM”) decreased 20% to $ 1,520.8 million as compared to September 30, 2019 due to the decline in the customer base but was partially offset by a stronger U.S. dollar.

    Appointed Michael Carter as Chief Financial Officer and Jim Brown as Chief Commercial Officer; promoted Scott Fordham to Chief Operating Officer.

    Financial and operating highlights
    For the three months ended September 30.
    (thousands of dollars, except where indicated and per share amounts)


    % increase

    Fiscal 2021 (decrease)
    Fiscal 2020
    Sales $ 649,602 (15)% 768,440
    Cost of goods sold 428,891 (49)% 843,788
    Gross margin 220,711 NMF3 (75,348 )
    Realized gain (loss) of derivative instruments and other (82,438 ) (136)3 230,732
    Base gross margin1 138,273 (11)% 155,384
    Administrative expenses2 43,957 6%
  • l
    lobito_03tj
    I hope those who continue to hold back will get their money back and it is worth the time to have waited so long hopefully guys the best vibes
  • T
    Timmy
    5.53 premarket looking good today 😌
    Bullish
  • Z
    Zaidoon
    Now it is our turn to go up 70 percent tomorrow
  • H
    HN
    Instead of reading this board and following others lead, Company’s investor relation is the best place to know about your investments. These are some of the facts you can find in the balance sheets and PR.
    1- Big investors forced Rebeca MacDonald to resign. The founder who was responsible for misguiding up to 4 months ago. And the current management team is experienced and dedicated.

    2 - They get rid of $520 mm dept, which will be projected in the coming balance sheet.

    3- They raised $100 mm throughout their recap plans.

    4- they get rid of $45 mm of annual interest.

    5- they renovated all their stores in North America to be more attractive and convenient for customers.

    6- they have different business areas.; Gas , Electricity, Filters and furnace.

    7-They have 880 employees.

    8- They have 1.2 mm fixed customers who need to pay their utility bills (5 to 25 percent increase in both electricity consumption and prices because of pandemic based on Bloomberg and Reuters which I forwarded the links here 3 months ago )

    9- $520mm debt reduction which will be projected in this balance sheet is not considered in * fair value * by Morning stars(us$10.72), Simply Wall Stree(C$40) and others.

    10- They have invested in green energy sector and have increased it significantly. You can check their distribution map.

    11- They sold unprofitable Japanese and UK businesses by February this year and returned to their previous core business in North America, so the Q2 income was positive and will be more in the coming years.
  • H
    HN
    $5.6 is the price that they got permission to offer their managers, CEO and other officers.
  • A
    Albert
    JE Heavy hitters were BUYING today, hmm