Just Energy Group Inc. (Canada) JENGQ

Q3 report and Shareholders deficit is shrinking

[GaillardDeshaie]

I don't know if someone did have time to look into the Q3.  Despite an $130m lost for the period, the total shareholders deficit goes from March 31st with ($594,8m) to ($126,7m) in 9 months.  So, in 9 months the company reduced the shareholders deficit by $468m.  That is included a huge Reorganisation cost of $79,5m in 9 month.

Despiste the company with Mr Gahn and his team management still struggling to keep this company above the water line, I hope they will be able to get rid of CCAA and Chapter 15 USA on March 4th.  

As per the BFS, It is not over yet...  DYOD  and GLTA... Gaillard


SHAREHOLDERS’ DEFICIT Shareholders’ capital 12 $ 1,537,863 $ 1,537,863 Contributed deficit (10,189) (11,634) Accumulated deficit (1,749,527) (2,211,728) Accumulated other comprehensive income 95,475 91,069 Non-controlling interest (383) (392) TOTAL SHAREHOLDERS’ DEFICIT (126,761) (594,822) TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $ 1,542,453 $ 1,091,806

[Capharnaum]

The problem is that their net cash from operations through the first nine months is negative $39.2M. That's mostly because the gain is on unrealized hedges (that they need). They still have around a net amount of $270M in trade payables and they have $623M in debt to renegociate. In the meantime, shareholders equity is still negative on the balance sheet. I hope that for the sake of

[GaillardDeshaie]

Capharnaum, thanks for your follow up, it said on page 19: Liquidity and capital resources from continuing operations SUMMARY OF CASH FLOWS For the nine months ended December 31. (thousands of dollars) Fiscal 2022 Fiscal 2021 Operating activities from continuing operations $ (39,256) $ (11,030) Investing activities from continuing operations 42,821 (3,353) Financing activities from continuing

[Capharnaum]

They buy derivative instruments contracts to cover their contracts. So, the future value of the derivative instruments changes when energy costs go up or down. When the derivative instrument settles, then if the energy price is higher than the contract value, they get paid, and if the energy price is lower than the contract value, they pay out. The thing is that since it covers their own