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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!!
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!
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.
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.
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.
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.
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