Member Info for Cherokee101

That's a fair point and I've been pretty disappointed with communication since investing.

I rarely go for mining plays after losing a packet on Sirius Minerals and it really taught me a lesson on position sizing.

This is a similar outfit in a way... a bunch of cowboys, plebs and crooks sitting on an incredible asset. Possibly the best Nickel asset in the world... and they are moving at a snails pace.

I see this like a Lotto ticket... a few quid could make you thousands if you win. But there is a high chance you end up throwing the shares in the bin.

Surely this being the incredibly high risk proposition it is (and high reward), it makes sense to leave it in the bottom drawer for 5-10 years?

Presumably it would be sized accordingly in your portfolio to not keep you up at night...

All the best.

I was having a conversation with someone. And said in jest that now I've invested the market decided to have a tech induced vomit.

Not sure I have to justify myself to you.

I've initiated a position today... which probably implies it has topped out short term! I'm already down... nice.

holding on a 5 year view.

I get that. But surely the market wants to see some revenue growth for the back end of 2020 to secure the price.

And of course it is about the future, but it doesnt mean it is a straight path for the company. Competition does exist.

that's true, but valuations are still important. The current price to sales is eye-watering and the company will have to prove to the market it can grow into that multiple pretty quickly. Some people are expecting quite a lot from the March results.

hmmm... on a technical basis it is overbought and near term valuations are very stretched when you consider the top line growth (investors are currently paying 60x Price to Sales... even EV/Sales looks very high!). But on a long-term 'intrinsic valuation' basis it is probably cheap.

Pros:
Great IP in a fragmented market that it is seeking to disrupt.
Good top line growth
Strong balance sheet
Good management
Ripe for a takeover

Cons
Very high valuations (priced for perfection in the next results at these levels).
what will the 'normalised' growth rate be once we get out of COVID... will people still flock to remote editing software? They have had a pandemic boost which is undeniable.

I'm still pondering this one... wait for a pullback or miss the train completely...

What do you think about customer satisfaction levels? Does anyone have a YU business account? Any real world dealings?

The reviews on trustpilot are a little bit... whiffy. So I am keen to hear of real world experiences before investing. They aren't the most competitive in price, so why go with them?

The Nickel boom has only just begun, and is linked to one of the biggest mega trends in history.

There have been about 4 double digit closes over the past 3 months, and nothing happened the next day.

I will eat my hat if any news comes out tomorrow morning.

if you think it is such a bad company, why are you seeking to buy back in?

"According to the economist (including Harry Dent) big crash coming in to market in April".

Wow, where do they buy their crystal balls? When and what time in April? Should we buy immediately after or wait until Halloween to re-enter?

Agreed. I've not seen a mining company of this potential scale go the whole hog without equity dilution. Learnt my lesson more than once.

I've seen people say bitcoin could reach 100k in price.

What are the fundamentals behind this?

I think a previous horribly RNS said the following;

1. Adam Habib is still president, BUT no longer a board member (we don't know why)

2. Adam Habib is a director of NRR. Maybe there was a conflict there?

As the shipments, I don't think we've done more than one.

what does that even mean?

I'm thinking long term here, what is the structural integrity of the business? What is the market still sceptical of? The revenue to market cap is absolutely ridiculous. Either this is the bargain of the century, or ridiculously high risk.

It is decently capitalised from a balance sheet perspective... I guess the market senses a capital raise or something to bolster acquisition growth, so could be dilution fear. It has to do something to keep up the crazy growth rates, otherwise competitors will come in and erode margins.

I checked the reviews on trust pilot and I'm almost certain there are fake good reviews recently. There have been a flurry of 5 star reviews over the past 2 hours with the same writing style.

This appears to be an attempt to counteract the 1 star reviews recently.

Does anyone have an account with YU? The good points tend to be customer service but bad points is that they aren't competitive enough with price. Thoughts?

"The Board are updating us when they feel it is appropriate. That is good enough for me."

It's not good enough for a listed company.

The Adam Habib debacle has not been clarified. We are to assume that even though he wasn't voted back on as a Director, and with the CFO stepping down, that all is well at the helm?

Then there was a poorly worded NRR update.

It's like they don't even have a proper PR function.

The company needs to prove they won't make the same mistakes again.

Market is skeptical. But the future is bright.

You're not sure it is appropriate or fair for a stakeholder to openly criticise a silent BoD, when said silence has disconnected the share price with the reality of the commodities boom currently ongoing?

The communication from our leaders is nothing short of dreadful. And I would advise anyone with all their eggs in this basket to diversify just a little.