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The share price is £18.75. So, why is it showing above as £18.40?! That is not correct. . .🤪
As the AGM notice was not tagged on to the end of the Annual Report, a separate letter and formal notice has been published - https://www.yugroupplc.com/wp-content/uploads/2024/04/20.03.24_YUG_AR23_AGM.pdf
My attention was caught by -- change of venue from Teneo's offices (PR agents) to Osborne Clarke (newly appointed corporate financial solicitors, energy is one of their specialities).
The share buy back resolution, allows for up to 10% of the shares to be bought on the market, within quite a generous price mechanism (over the normal 5% premium of the average closing price in the previous 5 trading days).
The capital reduction is timetabled to be completed by 03.07.24 - allows for any special dividend to be paid from this date. Pointless speculating, but it means one could be declared at any time the directors see fit, they don't have to wait until the interims and the normal interim dividend date (December). I think they will pay one at some point in the year, but when ... ... ... ??? Alternatively, allows them to start a buy back, again at their discretion.
Nice way to end the week seeing a YU energy van go past me (SE London girl), business must be picking up in London. Happy investor.
Better.
£19 paid!
1862.4 for 1k on HL - ridiculous really. Not sure how they can mark 1800 when its clearly not. Also dissapointing that HL still does not have trade information.
I've wondered that a few times and not just here. It's 100% £18.62 as I just did a dummy sell with Barclays. Very Odd!!
Why the hell show the bid as 1800 when actually it’s 1862
Makes no sense at all and like they are trying to strangle out buyers and sellers
king canute is mad as a hatter, lose all credibility when he said profit warning for 2023 fy numbers when actually blow the *******s off it.
same will apply again and i really hope now working with a giant like shell the shackles the smartest deal had have been removed so they are not constrained so 100,000 mp is game on
q1 already in the bag and q2 well underway , would love to know q1 bookings as meter points
King Canute didn't wish the tide would go out, he deliberately let the tide wash over him to show his followers he had no control over it. It's a common misrepresentation.
Thanks again Dave, I appreciate your post! I have been looking back over the last 12 months, as you re-posting my comments of last May has made me look at things again. I notice the AGM/Trading Update last year was 31/05/23. The day before the TU the share were £4.60, one week later they were £6.70. A nice 45.7% rise on the back of an 42% eps upgrade from 43p to 61.1p for y/e 2023. (Actual result 182.2p in the end!)
I hope this years May TU results in a 45.7% rise, that would put us at just under £27 and a p/e of 15x. (Sounds about right to me!) Six week on Thursday I am expecting Liberum will have to hike the eps estimates for 2024 for the first time since the 2023 finals.
Yep, great post again, NG.
This is emphasized by the knowledge you have acquired of the inner workings of the Yu/Shell deal. We could all summarize from the deal and 12 moths due diligence that they would both be totally thorough, but to have it literally rubber stamped is the icing on the cake.
I hope they can fill the remaining dual engineer jobs asap in order to crack the meter target and beyond. The training centre is a big advantage there also. They are known to be a top employer as well.
That poster is absolutely crazy as they arrived berating the company at approx £9 (in that persona), so looking at over 100% ROI in 6 months turned down! Still continues with the same mantra and that is despite all the car crashes that we see on the markets weekly, if not daily. Truly blind beyond comprehension and not much sympathy this end.
Carry on with your excellent posts. Much appreciated by me and all other genuine investors I'm sure.
This time last year Liberum were expecting Yu Group eps of 43p in March 2023 for our y/e on 31/12/23. We all know now that the eps was in fact 182.2p (a little higher than I was going for in the May!) That is why in my post 'Things have Changed' 29/03/24 I talk about eps for the current year (2024) of 348.5p PROVIDING we reach 100,000 meters at the end of this year.
If that figure of 100,000 meters is met in 2024, then we should have eps for 2025 of 522p. Also, worth mentioning that on the company update call on the 19th March they were asked what the conditions were for the hedging agreement with no collateral being posted with Shell. The company need to hold one months working capital at all times in cash on the balance sheet. So don't let DD try and scare investors with his ridiculous rantings about that. They also pay a small commission on each hedge placed, much like private clients used to when buying shares. There were 30 in-house Shell lawyers checking everything regarding Yu Group and the expected growth for a year. Shell think the turnover will go into the billions over the 5 year contract and so do I.
We have come along way, BUT, we have so much further to go! I hope everyone enjoys the ride on this little gem we all hold. Well, nearly everyone here holds!!!!! Those that don't should find another beach, and try shouting at the tide over there! Before they drown.
Thanks Dave, I appreciate your re-post of 10 months ago! I hope the posts I made on the 29th March turn out to be correct to, and you are able to remind me of those in 12 months time!! I know my 4 posts while on holiday in Anglesey got right up DD's nose! He now thinks I'm on drugs, according to his posts on the other board!! He really is like King Canute wishing the Yu Group tide would go out!
Fair play, NG. I just saw this and had to re-post !
RE: No rns ?18 May 2023 07:57 Gacky
If this lack of TU is due to a corporate action, I hope YU is doing the buying! I don’t want us to be taken over for £10 to £12, Not when this share will be 18-20 in ten months time based on our 2023 p/e.
Hats off to you!!
MM's being fed just when it was getting interesting!
Morning campers. Nice day for it!! I smell money. . .!!
Buyer still hoovering up
Been going on for days and days now huge amounts acquired in cash terms, RNS soon or we will find out as end of April soon and major shareholding sites update
Yes - no wonder the price held, all excesses being snapped up.
X Traders may struggle to get back in this time imho.
New ISA allowances next week also.
Someone is very hungry for stock
£184k paid
Yes it has always accelerated in the afternoon which implies US waking up.
That should be rise - not ruse😁
I see that we have just tipped into positive territory today after starting negative. I haven't checked this and I may be wrong but hasn't that often been the pattern in the last couple of weeks? After an hour or so trading we have been down before each day's rise.
It is almost as if whoever is buying g isn't awake ehen the market opens.
@NG - some really interesting points raised - the key numbers are above my current forecasts but I can see how you come to them. As you say the key is that 100k meter target and I can see how that then leads to the others.
I would be amazing if they hit their 2024 target as you are right that then leads straight into their longer term ambition of 5%- and I agree if they hit 100k in 24 then there is no reason why they cant get to the 165k in 2025...
I suspect that you are correct in your view on the old supply agreement - it got to the point where it was constraining growth - we should find this out in the next 4-5 weeks when the next TU comes out.
This is one of the best BB's for genuine discussion and ideas that I am a party to, so again thanks to all who help maintain the quality.
Not sure that Miton will be increasing now. Last time I looked, Yu was at about 8.5% of both the micro / small cap investment trust and the unit trust. They are capped at 10% max for one stock. SP now up by 50%. They will be forced to reduce in these two funds. They may of course be able to trade stock into their diverse income trust, which also holds, and is a much larger fund, so the 10% threshold is no where in sight. Clearly IIs now buying, may be knocking on Miton's door to release some stock - at an acceptable price of course!