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Hello gwm,
You might find this link useful:
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=YU.
Check out the YE report (March 19th) - Dividend due of 37p ex div date of May 30th - FY @ 4.86 x earnings cover. New Capital Allocation Policy states that dividends will increase so that they 3x earnings cover. My expectation is that this will lead to a 70p+ dividend for FY2024 based on TO in region of £680-£710m and PBT of £42-£45m with cash on hand in excess of £115m. YU has been demonstrating good management and solid growth above expectations for the last 3 years.
Sorry if ive missd an rns, is there any guidance to increase divi to reasonable amount, iis shown as .3p here
Funnily enough, £20 is exactly where I think that they are going to take YU on this running breakout. Moving strongly northwards again today. . . .😀
Good luck 2227 come and see us at £20 a share
Sold my shares today but will come back if it falls below 1500p. GLA
Last year's no AGM update was a disaster. They clearly promised an update on AGM day in the final results and AR - end of Chairman's report. This year no specific reference to the AGM is given - hence, do not assume there will be a TU at the AGM! They may leave it until end of May, as last year, or drop a random one any time!
Also, the AR is out earlier this year, with the final results RNS. There is no notice of the AGM at the end of AR, like last year, when the AR was published with the AGM notice RNS. Clearly a shift their reporting style & timetable.
Agreed I am hoping for monthly booking to be well in excess of £60m per month
The Liberum note makes a clear statement on Q1 trading being strong so I expect it to have continued at least as well as Q4 23 (£55m bookings / month)
Looking back we should get an RNS shortly details the AGM in May, hopefully they should give a TU now Q1 is nearly over. Let’s hope they do not mess it up like last year when they didn’t give a TU and the SP crashed only to give the YU a week later and then the SP rocketed
High quality value-add posts published here yesterday. Well done folks. . . 👊🏻🤠
Thanks all for the responses. Very insightful. Gla lth hoping for £20 very soon for starters
I would add that they are still contradicting themselves between their text and the numbers used in the DCF. They clearly indicate £1bn plus revenue will come with 100,000 meters and state margins in the range 6% - 8% (EBITDA). Yet in the DCF margins drop to 3% and revenue growth is much slower. Their TP / valuation would be far, far higher (double nearly) if they used their own numbers in the calculation!
They refer to Opus and say it was 9.5 times EV at takeout, and Yu should be higher (because of the growth and digital platform) - which is above their TP!
A fuller list of shareholders is given (over 0.5% holdings). Basically, as the IR page, plus a long list of investment platforms, nominee holdings. No IIs in sight, and no liquidity for them to buy in. The list is about 93% of the total.
I am just surprised more IIs haven’t yet joined the shareholder list especially now the dividend is so juicy
I am sure there will be over the coming weeks and months
IPC, it reads well don't you think? There is a lot of "our very conservative.....this and that!" I think they have indicated they have left a lot of room for upgrades in their forecasts. I'm still very comfortable that the EPS will be 300p for 2024 rising to 500p for 2025, if they get close to their 100,000 meter target by the end of this year. It is amazing that this share has bounced back to the level it has over the last 5 1/2 years and is now cheaper than at any time during that period. This could trade on low to mid teens P/e and still not look in anyway overvalued. What a gem we have!
it is mainly an update of the 19th march with added detail from the yu year end company report. maintains a conservative buy at 2050p, £680m to for fy24, ebitda £43m, net cash in excess of £112m, a dividend of 48.9p, eps of 186. all pretty conservative in my opinion but it is always better for the broker to come in under and yu to smash their numbers out of the park as they have done for the last 2 years.
an interesting new section in the report is they have now is their sam analysis -
"yü group has a summary score of 10 and is ranked number 1 out of the 270 uk covered in liberum sam. all three scores are top *****ile and the revisions momentum chart is a thing of beauty. yü group is one of only 7 stocks that has had revisions momentum above the 9th decile for 24 months in a row out of 3800 global stocks covered, so rarified air indeed."
Anyone able to post a summary when convenient please?
33 pages to wade through
I am convinced something is being worked around this level, all the sells just get hoovered up. Yet slighted buying and up we go.
Going to break aggressively soon one way or the other
Careful what you wish for. Media attention could result in calls for a windfall tax.
Yes, either way, it's hard not to envisage further significant Corporate Action, over the next twelve to eighteen months - assuming of course, that YU can continue on its current trajectory 🤞 I am however, a little surprised that it hasn't caught the attention of the media, more than it has. Appreciate that it's an AIM lister but still, it's performance has been stellar. I'm sure that it will come though. . .ATB
NG stated Shell wanted a stake in YU but BK declined as SP does not reflect his valuation of the business.
Fair enough and I am sure many of us agree when on a PE of 8
The question is will shell buy in the open market, not bother or up the offer for a slice of shares from BK as he is the only person who can give a decent wedge to a larger investor
Good point with regard to BK, as I had forgotten that he has such a large holding. The Shell angle is certainly an option and would, I feel, work well for both parties. Time will tell! ATB 👊🏻
Not a chance unless BK agreed as he holds 53%
What I would like to see is a couple more IIs on board or Shell taking a stake
OK, so I'm going to say right up-front, that I'm not one of those 'excitable puppies' that chucks silly ramping nonsense out there - BUT surely, YU has to be hugely vulnerable to a hostile takeover bid? It's numbers are simply superb, so I really do feel that in the next one to two years (max), a takeover bid has every chance of materialising.
I mean surely, it HAS to be a sitting duck at its current valuation; which is not terribly demanding for a larger player to absorb?? Enjoy your weekend fellow investors 🤠😀