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SP Angel's upgraded figure out now on Yu website. It'll probably be revised up again.
Per the accounts - bad debt is provided at 3.1% revenue.
I too got a newsletter as a small business owner today. Was surprised to see it, marketing drive is clearly on
There doesn't seem to be any real bad debt.
Overdue customer receivable reduced from five days to four . Reduced by one day.
Thanks. I think that the increase in margins is significant. Higher margins give the company more support and flexibility in case of any weakness within the market. The stronger the balance sheet the more likely to grow as other companies have issues.
Was there any mention of the bad debt levels ? The brokers had, in the past, always overstated those. Have they now been reduced in there current reports ?
Anyone else received the Newsletter from YU this morning? Must admit I have never received one before and it isn't because I am shareholder. It is a newsletter aimed at new and existing customers. Shows that they are still driving the marketing forward.
Great read meter points was 53.5k
Smart meter engineers now at 50
Page on future rev possibilities £3b in 6 years at current trajectory of 55m a month new business
All this for for a PE of 7 and MC of £230m
Right - can't say much as still going through it all. Annual report up on investor relations site, presentation will be uploaded soon.
Standout points so far noted
Adjusted eps, not diluted, of 199p - call it two quid!
ROC monies were accrued at £21.8m at balance sheet date (£11.3m 2022).
EBITDA margin was 7% in H1 and 10.9% in H2. Yes, 10.9% and these strong margins are expected to continue, not fall as per past broker notes! (They may fall back a tad, imo, but I reckon will still be 9% plus).
Capital allocation is being set at approx. 1/3 payout going forwards, with the proviso that the balance is for acquisitions, but if no acquisitions made, additional distributions of surplus will be made (ie special dividends). Cancelling the share premium account and adding this to distributable reserves is part of this process in giving them full flexibility over the use of excess cash. There is a hint in the Annual Report that a special dividend will be paid at some time in 2024 (see page 32). As Yu is now much bigger, there are very few targets left, which are do-able ie they're too big, or basically not for sale.
Next target is £1bn revenue, but they show a new model based on £50m a month bookings (was £20m) with revenue increasing to £3bn - is this a hint of a medium term target?
IR have told me that this morning's analyst presentation may be made available on their website in the following days. A bit vague - could mean just the slides, or may mean video playback?
My caution over the speculated £20m special dividend was justified, however, given the above points, from the company itself, has prevented a drop in the share price. More importantly, previous highs from 2018 are now cleared, so freeing up the chart to hopefully re-rate this some what. In time I think the dividend policy will be increased (a bigger % payout) as it becomes less likely acquisitions will be made.
We should get more coments from the anylists after the presentation is over.
"A presentation for analysts will be held at 9am GMT today"
NG I hope the meeting with YU management and other IIs goes well today.
As always some feedback very much appreciated
YU is a growth stock but is going to pay extremely good dividend too so should get attention from both, growth and income seekers. This is one company where you get both, income and incredible growth.
He's been at it since yesterday morning - ulterior motive that sticks out like a sore thumb.
If it shot up 30% I'd be expecting a pullback. This is a sensible rise to the RNS and it puts Yu in the sights of income investors
Lookig for that lower entry are we? :D
If 5% is a spike then sure... watch out
'There we go… barely a reaction
Traders will be looking to get out now given minimal rise'.
Lol, good call by JW Bellamy Esq ;¬)
It’ll definitely come back
Went from 3p to 40p wow! Is that not over 10x???
If I've seen a better set of results I can't remember sp must be north of £17 big divi as well when is that likely to be does anyone know?
Downside is very limited with a PE of just over 7 and huge cash pile.
We should be on a PE of at least 14-20 especially as growth is very much in explosive mode and that doesn’t take into a account the dividend yield
Personally, I gave up trying to predict daily movements in the market long ago. Whether the market is up 3% or 10% today is not really that important. Holding onto Yu for the medium term. just seems an awesome opportunity given the numbers, and very happy to hold and enjoy that ride. Income funds may well take an interest now, definitely seems a lot more upside than downside whether you want capital growth or income!
More Institutions are likely to be interested as the turnover is likely to cross one billion mark in 2025.
Indeed especially as dividends are sky rocketing, not many if any like YU at the moment and for the foreseeable with 1.5% market share of a £50b market place
That's alright, need liquidity to allow new buyers in.
This will help create a more stable platform for the next leg up.
5-10% isn't really a meaningful trade in the grand scheme of things. PIs have to hold longer for bigger gains, and I'm here for the foreseeable.