Yu Energy Share Chat (YU.)

Well spotted Dave. We finally have the date confirmed ........Tuesday! I can't wait to see these figures.

Awesome, so if you want out you have 4 trading days, alternatively if you want in 4 days.

Finally we will know how explosive H1 has been and fingers crossed how yet again the market has got YU so wrong.

Next Tuesday 23/7 confirmed on website and e-mailed here.

Well the SP has been dragged down a long way under very low volume so will not take much buying pressure to regain loss ground.

I am actually very excited to see how H1 has gone because in my head current valuation is an utter joke.

Looks like a few traders feel the same and are picking up positions before Thursday.

Hi Sparky,

Liberum said second or third week of July to me. Enzo has also spoken to them last week and they said this week. The usual dates for TU's is Tuesday or Thursday. So I am pretty confident it will be this Thursday as it's the third Thursday in July.

I like that they're not buying anything just to use the cash.

Too many companies I've held long term have rushed into bad acquisitions because they felt they had to buy something.

Too much cash is a nice problem to have.

Brilliant news if that’s the case , how confident are you on that date NG ?

Looks like Thursday will be the day, just 46 hours to wait now!

And death by no volume continues. FFS YU pull your socks up nearly 3 weeks since H1 ended.

You are probably right . 12 millions buy back would be a very good start .

The law of supply and demand is such that it would pull the share price quite significantly over weeks and months. It is certainly true for the alpha group plc .

Another important factor is to be committed to do it year after year . You would own a bigger slice of the pie .

Yu can’t find anything to buy . Seems to me that there is going to be a huge amount of cash accumulating in the bank account and you can’t just let the cash pile to grow and do nothing with it . They have a duty to shareholders to bring value to shareholders .

Either , you buy a business to grow , bigger dividend , or and share buy back , or it can be the 3 of thoses.

Capital allocation is the most important decision that a board will make .

Bobby has started this process by growing the dividend , there is no doubt that he will want to carry on this process too .

Re : they need more shares …

Depend what they want to achieve I would say …

Buying in the market is good for large companies but not for YU. They need more shares in the marketnot less .

How much £ are you thinking in terms of a share buyback?. Just the capital reduction sum (£12.28m) or more?.

If just the £12.28m then on todays market price that would buy circa 4% of the shares in issue (if my sums are correct), so +4% to eps and if not rated higher (although that’s the unknown IMO) then it should follow a similar “enhancement” to the sp. IMVHO

A share buy back would be the most beneficial thing to do at this stage . Would enhance the share price , no end .

Most effective way to redistribute spare cash .

There's need for a stock split, to the ratio of 10 to 1 perhaps.

Https://www.youtube.com/live/88t1PrefCAw?si=61R9_mAa3vuJlyaD

There was one in March with final results, and one is coming this months or probably this week. I'm happy with it.

Agreed but still nearly 7 months and no update on turnover, clients, profit margins etc is a tad annoying

YU. is a mature business now. Don't expect too many updates like before.

Can’t come soon enough, YU have caused this with director sells then no AGM TU we are now well into H2 and we know nothing.

In the past TUs have been 8th July, 19th July and 25th July.

Could it be this week?

I have pencilled in £30m for August payment.

What’s your estimate for ROCs next month? £28m?

Good to see that the vacancies have come down, the engineers is one of the reasons I have down for the decrease in EBITDA% this year. I like that YU have been cautious with a 6-7% forecast. I would guess that each engineer fully costed (salary, NI, pension, expenses, vehicles and kit, training etc) would in the region of £100k/year, that's a £20m overhead. Some of which was included last year - how many vacancies were there at start of the year? I recall 120 odd? If it was then it's an increase of £12m for the engineers.

@SNN good fine on the charge to Shell, it will be interesting if any comment is made at all by YU about this, not sure it needs to but I believe it will be one of the reasons that YU maintains a very healthy cash balance. ( I am expecting ROC payment + £50m in the bank as a minimum- very cautious but YU have been since 2018).