Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I'm favouring March, when they announce a 30p dividend + a one off special due to the extra flow-back cash received of £50M.
As PR said they wanted to keep £20M of cash on the balance sheet, with ROC paid, it would leave an excess of approximately £30M, (also H1 revenue incoming).
Pointed out already is that 30p is just over £5M - so potentially £25M to play with!
That special would IMHO be the catalyst to send the share price to it's more correct valuation. The board say they are frustrated with the price, so there is the perfect opportunity to deal with it once and for all!
Very much looking forward to the dividend announcement in March full results.
That was a mistake last year to stick on 3p IMHO.
Should be looking at a good enhancement (maybe and/or a special) with all that extra cash coming back in.
£80M in cash. As stated the other day Gerard Williams of PM and Paul Hill of Vox were excited about getting up to £70M 'in a couple of year' 7 months ago!!!
GLAI.
If you look on YouTube/Vox markets under Yu Group, there is a clip available where he chats with Paul Hill and they are both in awe of the possibility of Yu having £70M in cash.
What's also interesting is that this clip is now over seven months old!
We also heard from internal sources that they enjoyed a 'record November'.
GLAI.
From the September notes:-
'We will continue to invest in our Yü Smart business and accelerate our smart meter installations program, and take market share as we move to the scale stage of our journey. I look forward to reporting progress in the coming months'.
Following on from that, I see among the current 47 career vacancies, plenty (31) for gas and electric meter engineers nationwide.
Very encouraging expansion.
I remember seeing Bayford & Co taking a 3% stake at some point. Never seen another TR1 after that and I noticed they are not listed as major shareholders on the YU website. Could it be them selling?
Agreed - always felt that from the moment they stated implementing a 'progressive dividend policy' that 2 x 3p would definitely have cheesed a few potential and current holders off. I too hope they rectify this to a more sensible level to avoid any repetition. I thought that PM increasing their stake was a positive sign towards that.
Next Tuesday would be marvelous, but probably the one after - GLA.
Thanks for that insight, SNN - very interesting.
There are a few naysayers on the other forum that could do with reading that, as one of their key focus points (from time to time) is the negative reviews Yu garner. I'm sure I saw that they were getting a lot more larger clients on board.
Shame they single out random negative reviews in an attempt to sully the company. One guy even claims to be invested as well! You'd never guess as he is talking about events from 4 years ago, negatively of course.