The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo 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.
Sold at the very bottom - never learn.
And we are off and running, this should be back over £1 in no time
I don't think you missed anything,(maybe the bottom.....),as the boat still boarding at the port....harry up....lol.
Been watching for ages, but hoping for a result elsewhere before getting in, and now I’ve missed the boat
That I've read in a while, I was dreading the update to be fair but after reading this I'm more than confident on holding now. Currently sitting on a 30% loss but we all now how quickly this share can rally. It's a hold for me
Wow these guys are very confident going forward
Watch it really positive and a new dawn in comminication to shareholder.
Absolute steal at this price
Now I have time to read properly the AGM statement I have to say I am impressed and the market will see that going forward.
Very strong balance sheet 13M in cash and 4.8M in prepaid collateral TOTAL 17.8M
Cash collection - 98%
They have cut overhead with Furloughing staff
deferred VAT
Average monthly booking up to 5.7M which is an increase on H2 of 0.4M - Amazing considering the circumstances
Long term the group highly positive
I am very impressed and very positive going forward as we are over the worse and lockdown is being eased therefore the 35% usage reduction will start to tumble.
No brainer with a market cap of 10M and 17M in Cash
Will we drop below 60p? Is it worth selling and buying back lower?
Really pleased with the detail coming out of Yu AGM today, they have done very well far exceeding my expectations. This really does make a statement to the market and puts Yu in great place as the lockdown starts to unfold, what a time to buy in. I only wish my holding average was around 60p. Loads of upside to come surely. GLA
Agreed and also an increase to 5.7m for new client bookings, amazing considering the lockdown.
And at 10M MC YU will survive no doubt about that and with other falling away the opportunities are huge
Very impressive. Receiving cash and cash balance at end of April a lot better than I was expecting even with the 1.1m withheld. Current ofgem discussions ongoing about further help for suppliers by way of industry payment deferrals. Good job Yu
That is a solid statement as the UK now eases out of lockdown far better than I expected.
Hey have done all the right things even increasing new booking, furlouging staff and Vat deferment and increased cash.
What more could you ask for ? Well done YU
Market giving no value to company presently with MC less than cash reserves
sparky let's see if the Board answer all your questions at the AGM tomorrow.
"In view of the restrictions on attendance, shareholders can submit questions for the Board prior to the AGM by email to AGM@yugroupplc.com. The Board will endeavour to answer such questions by publishing responses on the Company’s website as soon as practical after the AGM."
Well hopefully we will get an AGM statement on Business performance as we are nearly at the end of Q2
Lockdown was the 23rd March so they would have had 2 months of data from existing clients and how this stacks against the risks highlighted in the annual report.
pretty poor if they do not update Shareholders at this point as any fundamental change to the business should be reported to shareholders.
also
1. how has the new client up take been since the new plans launched
2. Are YU getting Gov support in the form of Loans or Furlough
3. How is the situation with Smartest pretty poor if they are beasting clients when from top to bottom are suffering.
all in all a whole raft of information YU can provide Thursday, but mark my words they would have been affected the question is how much.
cheers and good luck , because any sniff of positive news and this is a multibagger
Are we going up to circa £1 or has lockdown really punished a great business?
Hi no point until the AGM and some clarity.
The lockdown is slowly opening but many questions on trading over the lock down period, new business uptake did they take a Gov loan and forlough staff, bOD take a pay cut etc.
21st May should be interesting, because any material change to the business has to be reported, so silence is a good thing is it not ?
Yeh it was supposed to do multiples when I bought at 190p - never happened even before Covid-19! It would be a welcome relief to get up to £1 by the next trading update.
MrNation
you think the sp will be multiples? if so, why? just wondering how other investors currently view this business with covid-19 etc
Hi sparky, are you willing to revisit your post of 11 Apr 2020 'Running some numbers ....'?
sparky are you will to revisit your post of 11 Apr 2020 "Running some numbers ...."?
expected sometime this month... what do you guys expect to see.. what you expect to see happen to the sp over coming weeks/ months considering it is trading way under what it was last year this time after the fca cleared them and this year revenue already 100m++. just want to start a constructive conversation with my peer investors
Yep,
The BoD are very poor at communicating to investors I have raised over 9 questions for the AGM.
1. Cost saving measures instigated during COViD 19
2. Trading impact since lock down they would have had 2 months of data by AGM, usage, cash receipts, bad debt, new client uptake etc
3. Smartest arrangement clarity on COViD 19 impact
4. Director purchases I understand BK but I am a firm believer in Skin in the Game. The new guys have not yet dipped in. Why ? Locked out due to AGM ?
5. Profitability forecast 2021 now due to COViD 19, hard to call but CFO should have a good handle On it after 3 months trading and 2 months in lockdown
6. Current cash position
7. Investor roadshows after losing two IIs in 2018.
8. Mergers and acquisitions BoDs strategy as cash rich, no debt and opportunities will come up due to COViD 19
They have acknowledged the questions and have been pasted to the BOD.