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More excited to see what they say about Divi 😀
FOMO! Here comes the traders ahead of the explosive results a week today!!!
Expecting significant movement up until results day.
Break out @ c.1350.......
A £20k buy at 1309p to kick it up a notch this morning.
Someone is confident!
Share price zig zags today look like a heart rate monitor! Let's hope pulses race upwards in the next week! GLA.
Nervous sellers v nervous buyers - 4 trading days to go
Between bulls and bears at the moment lol.
Few sellers, few buyers
Not long to wait now 2227
All will be revealed and Ihope for once the market actually wakes upto YU group.
Given the past history of brokers, they are likely to raise their forecasts for the next year after the results next week IMO. My guess is EPS likely to be well above 200p for 2024.
Berenberg have sold a lot of shares on the offer over the last two days, I hope they don't go into the 19th short of stock, or they may get their fingers burnt!!
8 trading days to FU and volume has just fallen off a cliff, bizzare
Sparky, you need to take the number of shares in issue into account, not just the market capitalisation of the company, to allow you to value one company against another.
TEP is trading on a March 2024 P/E of 14.3 times. Yu Group will be trading on a Dec 2023 P/E of 7.1 times. Therefore TEP is on twice Yu Groups rating. To get the two companies on the same P/E Yu Group would need to be £25. I don't think that this would be unjustified!
Nice update from TEP , interesting to note they are trading strongly and forecast is £113m profit before tax
YU is expecting PBT of £41
So tell me why TEP is valued 6 times higher or is it not that simple ?
Yep I have access to lib note so knowing lib I am pretty happy it is spot on , but wish the company would give this detail more regular, hitting 50,000 is a pretty big milestone and if it was me would have announced it as pretty major achievement.
Still can’t get my head around who is selling at the moment again today less than 10 trading day away from what has the potential to be a block buster RNS
Hi Sparky, The figure of 53,400 is given at the bottom of page 3 of Liberum's 23rdJanuary note.
25,500 at 31/12/22.
39,700 at 30/06/23.
53,400 at 31/12/23.
So if they are going along last year at 14,000 extra every 6 months they now need to increase that to 23,000 per half year in 2024.
Would be good for YU to update every quarter how many MPs they have added , ie how many in Q1 24 ?
Is 53500 meter points confirmed ? If so brilliant as that means they more than doubled over the year
I imagine that most of us will get most of our questions answered when Yu Group report their 2023 results on the 19th March. If anyone has any good questions they want answering then shout them up. I have a meeting with BK and PR on the 19th and happy to put any good questions to them. I will be asking if they think Liberum are fair moving their net EBITDA margin down from the high 8%'s this year down to 6% for next year, and why the fall is justified.
If the company is successful in getting 100,000 meters by the end of this calendar year up from 53,400 at the end of 2023. Then £800m revenue will be on the card at 8% gives EBITDA of £64m, leading to £48m PAT and fully diluted earnings of 300p for 2024. If 100,000 meters is achieved, then we should go into 2025 with £1bn of forward sales. Average £10,000 per meter.
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Yu Group - Embarassment of riches - Liberum - Joe Brent | Alex O’Hanlon
After the Jan 2023 trading update Liberum predicted £6.5m of PBT and fully diluted EPS of 30.3p. The figures came in in March at £6.7m PBT and EPS of 30p. Interestingly, in the March 2023 note they were predicting for Y/e 2023 revenue of £350m but now they think £454m, PBT of £9.8m but now they think £41m, and EPS of 43p but now they think 171.7p
Lib have
PAT 29.1m
Diluted EPS 171.7p
I think they will meet or exceed those numbers
No predication as I think Lib will be spot on. Maybe higher depends on bad debt provision as I think lib have 3.5% would need to check and actually seems to have been 2%