LONDON (Alliance News) - Uranium trader Yellow Cake PLC said Friday that TT International now holds a 5.99% stake in the company.
Prior to the deal, TT's stake in the company was not disclosed.
Yellow Cake shares closed up 0.1% at 256.00 pence each.
Fri, 24th Aug 2018 18:04
LONDON (Alliance News) - Uranium trader Yellow Cake PLC said Friday that TT International now holds a 5.99% stake in the company.
Prior to the deal, TT's stake in the company was not disclosed.
Yellow Cake shares closed up 0.1% at 256.00 pence each.
(Sharecast News) - Yellow Cake announced on Friday that it has amended its long-term incentive plan (LTIP) following shareholder feedback after its 2024 annual general meeting, where concerns were raised about director remuneration.
Read more(Alliance News) - Yellow Cake PLC on Tuesday said the value of its uranium reserves fell during the third-quarter, but remained optimistic about the future of nuclear power.
Read more(Sharecast News) - Specialist uranium investor Yellow Cake reported a decline in the value of its holdings during the quarter ended 31 December on Tuesday, reflecting a drop in the uranium spot price.
Read more(Alliance News) - Yellow Cake PLC on Tuesday reported lower net asset value in the six months that ended September 30, the first half of its financial hear, amid lower uranium prices.
Read more(Sharecast News) - Uranium investor Yellow Cake reported a rise in uranium holdings but a decrease in net asset value due to lower spot prices in its interim results on Tuesday.
Read more(Sharecast News) - Yellow Cake, a specialist company holding physical uranium for long-term investment, reported a 4.4% decrease in the value of its uranium holdings during the September quarter on Monday.
Read moreYellow Cake PLC - Jersey-based uranium investor - Value of uranium holdings declines by 4.4% to USD1.77 billion as of September 30 from USD1.85 billion on June 30. This is due to an equivalent slide in the uranium spot price to USD81.75 per pound from USD85.50. Since the start of October, the price has recovered partially to USD83.25 a pound, Yellow Cake says. The uranium price will be supported in the near-term by supply issues in Kazakhstan. These have prompted producer Kazatomprom to signal that a further downgrade in production guidance for 2025 may occur, Yellow Cake says.
Read more(Alliance News) - Yellow Cake PLC got a vote of confidence from Berenberg, as the German bank expects uranium prices to be robust looking ahead, despite recent weakness.
Read more(Sharecast News) - Uranium investor Yellow Cake said in an update on Tuesday that during the June quarter, the spot price of uranium saw a slight decline of 1.8%, from $87.00 per pound on 31 March to $85.50 on 28 June.
Read more(Alliance News) - Yellow Cake PLC reported an increase in net asset value, supported by a bullish uranium price.
Read more(Sharecast News) - Yellow Cake reported a significant rise in its full-year financial performance on Friday, driven by a substantial increase in uranium prices.
Read moreYellow Cake PLC - investor in uranium founded by Bacchus Capital Advisers - Net asset value on March 31, the end of the company's financial year, is USD1.88 billion in total, or GBP6.88 per share, up 82% and 63%, respectively, from USD1.04 billion and GBP4.23 a year before. Yellow Cake holds 21.7 million pounds of U3O8 - a compound of uranium known as yellowcake - as of Wednesday, up from 20.2 million on March 31. Yellow Cake bought that uranium at an average cost of USD34.64 per pound, while the spot price was USD87 on March 31, up 72% from USD50.65 a year before. The price hit USD107 per pound in February, pushing the value of Yellow Cake's holdings briefly above USD2 billion.
Read moreYellow Cake PLC - Jersey-based uranium investor - Says on Monday it took delivery of around 1.5 million pounds of U3O8 from Kazatomprom at the Orano storage facility in France. U308 is a compound of uranium. Explains the delivery is pursuant to the previously announced exercise of its 2023 uranium purchase option under its framework agreement with Kazatomprom. In October 2023, Yellow Cake exercised its right to purchase 1.5 million lb of U3O8 from Kazatomprom at the then prevailing price of USD65.50 per lb for a total consideration of USD100.0 million. Kazatomprom delivered the U3O8 in accordance with the agreed schedule. Yellow Cake currently holds 21.7 million lb of U3O8 in storage in Canada and France.
Read more(Alliance News) - Yellow Cake PLC on Monday said that the uranium market presents continued opportunities despite a fall in net asset value due to a recent decline in the price of the silvery metal.
Read more(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.
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