The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Very odd a buy just went through at 1875p 5p higher than the ask.
I just don’t get it
I have been wondering the same as well, SP1.
The murky world of MM's...
I wonder how long this share price stupidity will continue. 1800 quoted by HL as the sell price yet a dummy sell was valued at 1852. Above is also showing at 1800. What is going on?
Thanks again for the info.
Good problems to have whatever they eventually decide to do. Exciting as AGM/TU approach and I can see continued interest as new ISA allowances arrive before the ex-divi date end of May.
Technical correction - group reserves are £34.855m, but the 'company' reserves' are only £22.318m. It is the underlying company which pays dividends etc, and which needs enough reserves to cover the dividends! So distributable reserves will be roughly £34m once the share premium account is cancelled, and £28m once the interim dividend is paid. See page 80 of the Annual Report.
Sorry Dave. No can do! Reserves are £34,855,000 plus share premium of £11,909,000, so say £47m. They are clearly hinting at distributing some (or all) of the share premium total. I think we could cautiously pencil in about half of it, which is around 35p per share. Not forgetting, that if 2024 eps is at the 300p mark (NG points out it could be higher), then at 3 times coverage, there's another £1 in dividends for 2024. That then leaves a good £2 per share spare, for then another special dividend.
Basically, going forwards, they can afford annual dividends of at least £2 per share (normal and special), so we are on a dividend yield of roughly 10%. (Assuming no acquisitions)
Website now shows the AGM date on their calendar, and indicates a 'statement' - presumably a TU.
I went a bit dizzy when he said they could do a '£5 divi with all that cash if they wanted to and that would be transformational'!!
Https://youtu.be/JAMsDqLW7sk?si=nY6GI_iupC6LMaqc&t=3259
More coverage. Not all fully accurate, but still it all helps the cause!
Thanks seconded - 2024 looks to be unfolding very nicely indeed.
GLA.
Yep, def £18.75 on my IG account.
I've noticed they often act strangely here, Vox markets and even the one on the Yu website.
I'll trust the one that has my p/f!
Thanks SNN, I am really pleased that they are getting consent at the AGM for a share buy back of up to £30m. That will enhance the eps, not just this year but in all future year. A good use of cash while we are around 10x p/e!!
The share price is £18.75. So, why is it showing above as £18.40?! That is not correct. . .🤪
As the AGM notice was not tagged on to the end of the Annual Report, a separate letter and formal notice has been published - https://www.yugroupplc.com/wp-content/uploads/2024/04/20.03.24_YUG_AR23_AGM.pdf
My attention was caught by -- change of venue from Teneo's offices (PR agents) to Osborne Clarke (newly appointed corporate financial solicitors, energy is one of their specialities).
The share buy back resolution, allows for up to 10% of the shares to be bought on the market, within quite a generous price mechanism (over the normal 5% premium of the average closing price in the previous 5 trading days).
The capital reduction is timetabled to be completed by 03.07.24 - allows for any special dividend to be paid from this date. Pointless speculating, but it means one could be declared at any time the directors see fit, they don't have to wait until the interims and the normal interim dividend date (December). I think they will pay one at some point in the year, but when ... ... ... ??? Alternatively, allows them to start a buy back, again at their discretion.
Nice way to end the week seeing a YU energy van go past me (SE London girl), business must be picking up in London. Happy investor.
Better.
£19 paid!
1862.4 for 1k on HL - ridiculous really. Not sure how they can mark 1800 when its clearly not. Also dissapointing that HL still does not have trade information.
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!!