Mike Ralston, CEO of Blencowe Resources, explains the significance of the MSP for Orom-Cross. Watch the interview here.
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In the past TUs have been 8th July, 19th July and 25th July.
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.
YU. is a mature business now. Don't expect too many updates like before.
Agreed but still nearly 7 months and no update on turnover, clients, profit margins etc is a tad annoying
There was one in March with final results, and one is coming this months or probably this week. I'm happy with it.
There's need for a stock split, to the ratio of 10 to 1 perhaps.
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 .
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
Buying in the market is good for large companies but not for YU. They need more shares in the marketnot less .
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 …
Looks like Thursday will be the day, just 46 hours to wait now!
Brilliant news if that’s the case , how confident are you on that date NG ?
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.
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.
Looks like a few traders feel the same and are picking up positions before Thursday.
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.
Next Tuesday 23/7 confirmed on website and e-mailed here.
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.
Well spotted Dave. We finally have the date confirmed ........Tuesday! I can't wait to see these figures.
The Teneo chap is also a very good guy and e-mailed the updated link to me.
Good luck all. I just re-watched Paul Hill interviewing GW on Vox markets. PH was scoffing at YU's PE of 9.
Indeed NG these figures are really important as this is the year of full on unrestricted growth as the shackles have been removed from the smartest deal.
YU always under sell but over deliver so how are we against turnover, clients and Margin and most importantly outlook
This update will contain so much information. It could be really transformational. We will get the unaudited H1 digits as usual, we will see sales which I am hoping come in around £330-340m, the number of meters at 30/06. Update on Yu Smart. The capital allocation, I am guessing a special and a share buy-back. I am expecting a pretty sizable EPS upgrade from Liberum. So excited! I don't think I will be getting much sleep over the next 7 nights.
Also from the website;-
24th September 2024 Interim Results for the 6 months to 30 June 2024
Looks like IR are finally doing what they should and updating their calendar and communicating with the market.
Seems like they do read some BB’s!
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