Member Info for ipcutler66

I am not sure, I think the recent coverage / exposure from the likes of Stockopedia, Librum and Vox (nice article today on YU as an ESG winner) as well as breaking through the £50m Mcap has brought the share to the attention of more PI's - we seem to have a steady small volume purchases - which is great news as these investors will be here for the long term gains / value that YU has to offer.

It is a good questions and one that only YU can answer - what we have now is on page 15 of the September 22 investor presentation where they change the wording clearly from £500m Vision to £500 target for 2023 @ >4% EBITDA. The only comment they make is "Significant confidence in high revenue growth based on increased forward contract book". Now if YU delivers (as I expect them to do) a T/O in 2022 of £260-£280m then they have a bit of a stretch to get to the £500m but if they get closer to the £300m that Sparky is expecting then the £500m looks more achievable if they continue the current customer growth rates. Either way, TO exceeding the markets this year is easily on the cards given the Interim figures and so the TO for 2023 will be significantly higher than what the markets are currently forecasting. All of which support at least the current broker ratings of £6+ IMO and DYOR

I agree Sparky, the trading update from Sept and the interims in the same month all point toward a good H2, just a question of how good. As you say with the bad debt provision in place alongside the £300m mark to market hedge position the company is set to deliver value to the shareholders.

Really good to see some informed posting here after a week of ramping - I for one am really pleased to see the Government backing UK ship building and HARL will benefit over the next 12 months as the FSS contract becomes clear.

Definitely some good sized trades today, will we see the £50m MCap broken this week....(£3.02 needed).

If my memory serves me correctly it was May 2022 data.

Figures from previously were
Premier Miton Group 1,024,266 6.18%
Jamieson Principal Pension Fund 1,006,691 6.08%
Data from end September. So quite a sizeable increase from Jamieson.

I think there are 2 games afoot here, YU are likely to deliver £260-300m FY22 and the board want a share price of > £5 for a 20 day average after the results next April to obtain the full share vesting. This creates the need to maintain the share price growth over the next 6 months. If YU release good news too early there is always the chance that the share price won’t stay above £5 when they need it. I personally think when the FY figures drop with the probably dividend payment of somewhere between 2-5p £5 is a realistic price. The exact divi will depend on how confident the board are with H1/23 figures - I think the majority of divi will be declared in Sept 23 once H1 2023 are out and once ROC payment made to be on the safe side. The one thing I am confident of is that there is a great opportunity here to be involved with a growth share that is highly likely to be paying good dividends over the next few year, if YU get to £500m @4% EBITDA then that’s a serious amount of cash to potentially be shared over 16m shares.

It would be good to see the price push through the 301 point to get the MCap passed the £50m point, but I am quite happy to see a slow and steady rise over the next 4-5 weeks before Xmas.

Thanks SMT, at 7.4% there is the real possibility of a significant bottom line gain if it comes in lower.

also they will have a better handle on the bad debt figure by waiting a bit longer - with £7m+ provided for if I comes in lower then that's a big jump in profits.

As much as it would be great to have some news this week, I think it is more likely to happen in December once they are more certain of the YE figure exceeding market expectations as well as EBITDA - they have ultra cautious with RNSs since they sorted themselves out and for a further 4 week wait I am happy.

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 :-)