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@TheMillipede824 yes there is - over the last 3 years H2 T/O was 122% 139% and 115% of the H1 T/O.
So H2 historically has delivered the larger T/O growth than H1.

Thanks SNN - couldn't find this last night

@SNN thanks for your thoughts will digest overnight. You mention AR on YUs website, the only one posted there that I could find was the SPAngel that I couldn’t see any graphs regarding 2023 contracted revenue? Could you share the link?

So have been looking through the numbers this morning, and one that still interests me and would be interested in everyone's perspective is the bad debt provision.
At year end they have a £19m provision for bad debt based on £24m trade receivables ...... this seems very prudent to me. I guess time will tell but this is £19m sitting on the books that might get paid - even if it is only 5-10% paid starts making an impact on bottom line. I think YU is still be overly cautious here because of the 2018 accounting issues. My take is that they want to be on the safe side and over deliver - as they have done in the last 2 years.
Anyone else have any thoughts?

@Shearclass - thanks for your opinion, its interesting that Liberum have upgraded the target price and are forecasting bad debt for FY23 at 6.3% down from this years 7.3%, so not sure what you are basing your growth in bad debt on?
YU have performed very well in a massively turbulent market over the last 12 months - increasing key metrics across the board and consistently out performing market expectations for the last 2 years.
With the statement of " Very strong start to 2023 with average monthly bookings significantly ahead of the record £24.5m in FY22 and contracted revenue of £247m as at 31 December 2022 for FY23." in these results, I am looking forward to 2023's growth

A great set of results pretty much bang on what they said in January, T/O and profits were in line with the update and bad debt was bang on the markets expectation. (albeit I had hoped for lower). The dividend of 3p was again lower than the 5p I thought but in the same ballpark.
All in all very happy with the figures and now we wait to see what the market thinks....but generating great volumes of cash, profitable and now dividend paying.
The research notes from Liberum - target price now 900p (up from 780p) and SP Angel - target price 1015p (up from 940p) are both out and well worth a read

Will be an interesting read and then a wait till 8am to see how the market takes it .. GLA and DYOR

yes read the RNS's frm that time and all will become clear and yes It is a completely different company now.

Another great post SNN as usual, the next 6 days before FY22 results are going to be really interesting and can't wait to see the final numbers.

My personal opinion is that if the bad debt numbers are as Bobby K states "inline with previous years" then there is a very good chance of yet another blockbuster number appearing on March 14th and profit exceeding market expectations by £2-3m. The brokers currently have provisioned for 7-7.5% bad debt figures..... previous years have been 3-4%.... on a TO of £275m that is a big difference to the bottom line.
It also then makes the January statement of a modest dividend and then a progressive dividend policy payment really interesting..... if they have a profit pot of say £8-£10m how much do they hold back for growth and how much do they distribute..... a 5p dividend is only circa £800k so I may have been pessimistic on my early estimate of 5p... it could be more and we will then have the possibility of dividend investors arriving as well.

Really interesting times and only 7 working days till we find out

Nice to have the confirmation of FY22 results. Going to be interesting to see what happens with the SP between now and then.

sorry typo

@SNN I understand that a company must have at least 25% of it's shares in public hands to list on the main market. I am not sure on a move to the main market, there are benefits - better exposure and the potential for different tracker funds to get involved. On the other hand staying on AIM means less regulation and lower cost... Will be interesting to see what pans out.
The key interest for me now is the FY22 results (I think 7am 14th Feb) and what a "modest dividend" turns out to be.....

I doubt it will be down for long, but there are always traders around taking profits.

So over 173k shares traded today according to Lvl 2 data - and last traded at 665p.
There does appear to be momentum now back towards the 12 month high of 740p.
The BK interviews and the City Am news has probably got something to do with it .
Where is the City AM awards news as I haven't found it yet anyone got a link?
With the results looking likely to be published on a Tuesday I would bet on March 8th.... if BK interviews are scheduled from the 14th onwards....

A very large sell today but it was eaten up by a few largish buys... Bodes well for the next few weeks until the FY come out and dividend is confirmed

@Sparky - I have been a bit quiet since the new year just digesting the trading update and fun market volatility since January update.
My current estimates based on ROC payment due at end August in the region of £27-28m (circa 8% of 04/22-03/23 TO based on prior years ROC payments and a few guesstimates) and year end TO between £450-500 with EBITDA of 4% - all in line with YU's stated targets for the year.
Cash at year end I would then hope to be between £30-35m - obviously if a Dividend is paid in April (and possibly again in September) this # will go down but we all benefit from a nice tidy Dividend. It may be slightly higher than that but I would not expect it to be lower unless bad debt gets completely out of hand - personally I think it may go the other way and provide a tidy uplift but I prefer to err on the side of caution.
The key interesting figures now will be in the FY audited report and confirmation of the "modest" dividend to be paid.......

#DYOR

So SPAngel broker note out now as well and have a SP taregt of 940p (up from 635) and Liberums have a very conservative 782p (this is based on FY23 figures of £340m.... which is way off and so I am sure the note will get rerated again in April to a more realistic figure.

So great confirmation of the FY22 numbers this morning, everything being beaten again - there is a good trend being set now by YU Vs market expectations. Liberum have updated their broker note at the same time and have done a good job of setting very low expectations again. e.g. FY23 @ £380m - They have held the bad debt expectation for FY22 as well so I suspect that is where another upside will come in the actual results come April will come from.
Cant wait to see the markets response to this TU between now and April when the dividend gets properly announced, I am expecting 5-10p in April with a mid year in Sept significantly higher once the ROC payment is made.
Well done all LTH and lets enjoy the ride.
DYOR.

fear of missing out....