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I've wondered that a few times and not just here. It's 100% £18.62 as I just did a dummy sell with Barclays. Very Odd!!
Why the hell show the bid as 1800 when actually it’s 1862
Makes no sense at all and like they are trying to strangle out buyers and sellers
king canute is mad as a hatter, lose all credibility when he said profit warning for 2023 fy numbers when actually blow the *******s off it.
same will apply again and i really hope now working with a giant like shell the shackles the smartest deal had have been removed so they are not constrained so 100,000 mp is game on
q1 already in the bag and q2 well underway , would love to know q1 bookings as meter points
King Canute didn't wish the tide would go out, he deliberately let the tide wash over him to show his followers he had no control over it. It's a common misrepresentation.
Thanks again Dave, I appreciate your post! I have been looking back over the last 12 months, as you re-posting my comments of last May has made me look at things again. I notice the AGM/Trading Update last year was 31/05/23. The day before the TU the share were £4.60, one week later they were £6.70. A nice 45.7% rise on the back of an 42% eps upgrade from 43p to 61.1p for y/e 2023. (Actual result 182.2p in the end!)
I hope this years May TU results in a 45.7% rise, that would put us at just under £27 and a p/e of 15x. (Sounds about right to me!) Six week on Thursday I am expecting Liberum will have to hike the eps estimates for 2024 for the first time since the 2023 finals.
Yep, great post again, NG.
This is emphasized by the knowledge you have acquired of the inner workings of the Yu/Shell deal. We could all summarize from the deal and 12 moths due diligence that they would both be totally thorough, but to have it literally rubber stamped is the icing on the cake.
I hope they can fill the remaining dual engineer jobs asap in order to crack the meter target and beyond. The training centre is a big advantage there also. They are known to be a top employer as well.
That poster is absolutely crazy as they arrived berating the company at approx £9 (in that persona), so looking at over 100% ROI in 6 months turned down! Still continues with the same mantra and that is despite all the car crashes that we see on the markets weekly, if not daily. Truly blind beyond comprehension and not much sympathy this end.
Carry on with your excellent posts. Much appreciated by me and all other genuine investors I'm sure.
This time last year Liberum were expecting Yu Group eps of 43p in March 2023 for our y/e on 31/12/23. We all know now that the eps was in fact 182.2p (a little higher than I was going for in the May!) That is why in my post 'Things have Changed' 29/03/24 I talk about eps for the current year (2024) of 348.5p PROVIDING we reach 100,000 meters at the end of this year.
If that figure of 100,000 meters is met in 2024, then we should have eps for 2025 of 522p. Also, worth mentioning that on the company update call on the 19th March they were asked what the conditions were for the hedging agreement with no collateral being posted with Shell. The company need to hold one months working capital at all times in cash on the balance sheet. So don't let DD try and scare investors with his ridiculous rantings about that. They also pay a small commission on each hedge placed, much like private clients used to when buying shares. There were 30 in-house Shell lawyers checking everything regarding Yu Group and the expected growth for a year. Shell think the turnover will go into the billions over the 5 year contract and so do I.
We have come along way, BUT, we have so much further to go! I hope everyone enjoys the ride on this little gem we all hold. Well, nearly everyone here holds!!!!! Those that don't should find another beach, and try shouting at the tide over there! Before they drown.
Thanks Dave, I appreciate your re-post of 10 months ago! I hope the posts I made on the 29th March turn out to be correct to, and you are able to remind me of those in 12 months time!! I know my 4 posts while on holiday in Anglesey got right up DD's nose! He now thinks I'm on drugs, according to his posts on the other board!! He really is like King Canute wishing the Yu Group tide would go out!
Fair play, NG. I just saw this and had to re-post !
RE: No rns ?18 May 2023 07:57 Gacky
If this lack of TU is due to a corporate action, I hope YU is doing the buying! I don’t want us to be taken over for £10 to £12, Not when this share will be 18-20 in ten months time based on our 2023 p/e.
Hats off to you!!
MM's being fed just when it was getting interesting!
Morning campers. Nice day for it!! I smell money. . .!!
Been going on for days and days now huge amounts acquired in cash terms, RNS soon or we will find out as end of April soon and major shareholding sites update
Yes - no wonder the price held, all excesses being snapped up.
X Traders may struggle to get back in this time imho.
New ISA allowances next week also.
Someone is very hungry for stock
£184k paid
Yes it has always accelerated in the afternoon which implies US waking up.
That should be rise - not ruse😁
I see that we have just tipped into positive territory today after starting negative. I haven't checked this and I may be wrong but hasn't that often been the pattern in the last couple of weeks? After an hour or so trading we have been down before each day's rise.
It is almost as if whoever is buying g isn't awake ehen the market opens.
@NG - some really interesting points raised - the key numbers are above my current forecasts but I can see how you come to them. As you say the key is that 100k meter target and I can see how that then leads to the others.
I would be amazing if they hit their 2024 target as you are right that then leads straight into their longer term ambition of 5%- and I agree if they hit 100k in 24 then there is no reason why they cant get to the 165k in 2025...
I suspect that you are correct in your view on the old supply agreement - it got to the point where it was constraining growth - we should find this out in the next 4-5 weeks when the next TU comes out.
This is one of the best BB's for genuine discussion and ideas that I am a party to, so again thanks to all who help maintain the quality.
Not sure that Miton will be increasing now. Last time I looked, Yu was at about 8.5% of both the micro / small cap investment trust and the unit trust. They are capped at 10% max for one stock. SP now up by 50%. They will be forced to reduce in these two funds. They may of course be able to trade stock into their diverse income trust, which also holds, and is a much larger fund, so the 10% threshold is no where in sight. Clearly IIs now buying, may be knocking on Miton's door to release some stock - at an acceptable price of course!
Apparently, I'm not allowed to say C ocker either!
Some crazy world we find ourselves in - O rwellian almost.
GLA.
Sent that and every capital letter has changed - weird lol !!
great posts and coverage once again, ng.
i'm encouraged also by the fact you have been inside the doors of the company and heard how they are approaching the future first hand which has always reflected in your summaries and gives a true insight. i think that is a great benefit to all of us here on the outside looking in. much appreciated.
i agree with your thinking and i've been convinced since the hedging deal then the y/e results that it would be shell buying on the open market, along with probably miton who have always seen what the goal was here. the action since results looks and feels very different and no longer are these infamous twitter traders able to control the narrative as they have done so in the past. in fact, i believe they have already done their usual 'pump then sell' but it backfired this time as the shares were gratefully hoovered up into ii hands and the price didn't bat an eyelid! it was only driven down in the first instance by old, dated accounting from 5 years ago, (by a different cfo) and they can see that. as you say, looking forwards not back from whence it came!
if that is the case, it could get very exciting as there is no longer that chunk of float for those aforementioned traders to 'rinse and repeat' as done before at previous levels, thus stalling the progress we all knew was due some while back. the price could roll on quickly with 90 + % held in tres sticky hands now and bk can concentrate fully on the job in hand.
delighted to have found yu in 2020, when walking my dog by it! i have added all the way from £1-£9. i must state again that my own dd has been backed up by great research shared here (and minus the troll(s), on the other bb also) to keep adding and and keeping the faith. so my thanks go to ng, sparky, ****er, ipc and snn for their efforts over these years. hope you enjoy the fruits going forward and happy easter to all investors here.
dave.
Oops missed out 3rd lol
100% agree we have moved from 1st to 2nd gear still 4-6 to go