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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.
With over 40,0000 shares traded in the first 12 minutes that's you take... interesting. If you are right and all the traders are gone that's great news for the investors here.
It's only 08:12am!
The Trading Day hasn't started yet . . .
Traders exist , income funds join the party , II roadshows start today I expect a few income funds will be interested
There we go… barely a reaction
Traders will be looking to get out now given minimal rise
So liberums target price to 2050p seems reasonable and they are usually very conservative at the beginning of the year.
Current 40p dividend covered by 4.6 times.
2024 "Dividend targeted to be increased over short to medium term to approximately 3x cover from EPS"
My estimate for EPS for 2024 is between 250p to 300p. There's a possibilty of 100p dividend this year IMO.
So level 2 is opening up and first buy of the day is 1000 @1470p - Bid - 1400 Ask 1480 - going to be a fun morning...
All baked in…
You will see
So liberums update is out - all their estimates have been beaten and they have raised the Target price to 2050p with a buy rating. As usual they are being conservative with 2024 figures of £680m TO.
@Sparky - the proposed cancelation of the share premium account is NOT a share buy back. It is an accounting entry that covers the premium paid above the value. It cannot be used for much except for costs of share issues etc but crucially NOT dividend payments. They propose to cancel this account (which is perfectly legal) and then they will be able to distribute a further £11.9m
" Expect to deliver organic growth of c. 50% in FY24"
Exceptional Results. You will need to go a long way, to see another set of results like these in 2024. What's not to like?! I hope that Mr Market agrees, as I took a five figure position here last Friday, 'in anticipation'. Good Luck today folks. . .
EPS way above Liberium at 172p
£11.9m share buy back, means less free float and higher dividends for the loyal holders. Going to become very hard to buy shares.
Board confirms the intent to progressively increase dividend distribution, in a sustainable manner, as earnings grow whilst maintaining at least 3x cover on EPS in the short to medium term.
Https://www.londonstockexchange.com/news-article/YU./final-results/16383331
Why would it need ramping on a 2023 PE of 7 ? And 59% NC in cash
Bet you there’s a load of ramping early on followed by selling
I wonder if he has an acquisition in mind but can't reveal it yet.
Best of luck for tomorrow and beyond.
Tomorrow morning at 7am the FY23 results will be published and almost certainly the capital allocation policy will be included. As discussed below their house broker has suggested a £20m dividend distribution will be put in place. That I think will be quite an epic RNS
I was holding my breath this morning when the price was rising for it to just fizzle out. As we are half a year away from H1 results we really need some positive RNS’s to set this alight again.
BK has stated his frustrations re the sp on several occasions - he knows how to end them once and for all and the cash is sitting pretty, all dressed up with somewhere to go!
I agree new long term investors arriving , YU is a cash cow