focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
A slow and steady rise is the best way, if the share price can stabilise at this level and then slowly move onward it will bode really well for when the trading update drops, either this month or more likely in December.
I would agree with Sparky on the BULB front. With TO likely to be in the region 280-300m for FY22, (broker forecasts in the region of 230-240 but H1 figures and YU briefing support the higher figure I think) it would not take a large acquisition on top of the rate of growth the company is predicting to move to the £500m in FY23 - at which point YU is a cash rich, zero debt and hopefully, having introduced a progressive dividend policy on the back of FY22 figures, in a position to pay a very healthy dividend.
Apart from showing that there are stable utility companies out there and getting Utilities back onto the news agenda with a more positive spin rather than company x fails, company y fails.
So looks like we are going to close about 280p, up from 264 last Friday. A slight pull back at the end of the week but YU is looking to have set a new baseline around 275-285 range ...... Its hard to judge but without news then I suspect we may sit around here for a week or 2 but if and when they deliver a trading update based on turnovers of 280-300m the price will hopefully move toward the 350-400 mark at least.
I wonder if one of the market makers is buying the stock for an order they have..... does anyone have level 2 access to see what the buy Vs sell side is doing?
The longer this goes on the more I think that a large order is trying to be filled
2 more large sales but price is holding at 287-290
:-) I am sure you knew I meant 260m turnover pretty safe :-)
So another day of small but positive momentum, what are peoples thoughts on the FY 2022 figure.
I am currently favouring between 280m-290m at about 2.5-3% EBITDA.
With the interims delivering £129m - we should have 260m in the bank... its then just a case of what level of new customers come on board and therefore what the YE monthly bookings are.
I agree - at that time 280p was the sell price on ii - its now above that level at 281 sell and 285 buy when I test sell @ market price on their mobile app.
Will be really interesting to see the opening price tomorrow morning, if that delayed trade was a buy from earlier in the afternoon then we may see a price above 285p..... Which bodes well toward 300p this week.
Just before close today, I did a test buy and sell on ii mobile app and they were offering 282 to buy and 279 to sell - a very close spread...
The MMs still have shares at present as I can trade through interactive investor quite happily..
You are right but it does allow discussion on the changes and improvements to the company both in terms of processes and new Non execs added to the board. All of which have strengthened the company and are the reasons behind the turnaround and drive toward their stated target of £500m turnover and 4%+EBITDA
The accounting issues were due to internal processes and controls not being present / followed correctly (we will never know) - this hit the accounts for a whopping £10m back in 2018. The FCA were happy with the auditor / company review that followed and decided to discontinue their review of the company in May 2019.
The positive that came out of it was they put in place proper controls which led to improved profitability of their new contracts as well as improving the hedging processes. All of these changes together have lead to a much improved and more robust company - which is what we are seeing in the interim results and shortly with the FY22 results.
https://www.lse.co.uk/rns/YU./trading-statement-and-accounting-review-afhjg1bq6cjcnzp.html
https://www.lse.co.uk/rns/YU./completion-of-fca-investigation-x5y4s58flum8kt9.html
£3.02 for a £50m market cap, not far away at all now.
thnx, couldnt see those for the life of me :-)
Was it over the 3% threshold as I cant find an RNS on it?
There is certainly upward pressure today
What do people think about the positives and negatives of the energy price cap... It helps YU with potential bad debt but will it impact new customers as everyone has the same prices?