Member Info for ipcutler66

Revenue £454m

GP £81.8m

Bad debt 3.2% (down from 3.5%) but note maybe lower as cash collection is 98%

Operating Expenses £26.2m

Liberums (their broker) Target price is 1676p which I think is on the low side but we have never got to it yet..

They also expect that £40m of the cash held on collateral to unwind in H1.

Very nice TU, above market expectations and the new Liberum update is out as well with some other specific numbers in their forecast.

Target SP - 1676p ( a bit low in my opinion but they calculate it using a DCF using cautious assumptions and a WACC of 10%)

FD EPS - 172

Estimated dividend - 17.2p FY

Meters - 53k

T/O - £454m

PBT - £41m (£1.6m in interest)

Still reading but pretty much in line with my expectations and well above the previous market expectations.

Very similar to my hoped for top end numbers. I am optimistic for a special dividend unless they make a very clear statement as to what they plan to do with the cash pile.

I would certainly buy in at £5 as YU would be trading on about a PE of 1 🤣🤣🤣

Indeed, it's funny when people turn up and post crazy comments like that.

An interesting post, but with contracted 2024 revenue forecasted (by Liberum) to be in excess of £500m (I am expecting closer to £575 but have to wait for this week's TU) not sure how your valuation stacks up, but I guess everyone has their own opinion.

Thanks SNN for sharing, may explain some of the buying interest last week. Will be interesting to see if it brings in more buying next week and as we know with such a small free float doesn't take much for his article to be self fulfilling.

@craig, having taken a quick look, there are only 177 reviews - by year end YU will have 60k meters.

Assuming google reviews are mainly sole traders / small companies - accounts for 0.003%. As wee have bad debt of 2% I would expect a fair few more upset non paying people.

Trustpilot where reviews are directed and verified is a better source of information in my opinion.

HNY everyone and here's looking forward to a cracker.

@Gacky - I would be really interested in why you think the company might do a share buy back as the shares are pretty illiquid at present. Apart from that everything else makes sense to me.

Tend to agree with you (again) SNN, if we haven't heard anything by Dec 7th then it will be January. As I said last month, we have an exciting few weeks left to year end. My current thoughts are TO in the region of 450m with £34.5m EBITDA but would be really happy to see it higher.

January is the next scheduled TU, there may be one before then if results / info demand it, e.g. results to be above the current market expectations of £425m TO and £33.5m EBITDA. (taken from current Liberum broker note)

Yep the market is funny like that, I have nothing against traders making money on the £1-2 trading range we have been in, everyone has there own approach and YU is nothing but predictable if you look back at the patterns. But when the TU drops it will respond very quickly.

I tend to agree with SNN on the dividend Vs share buy back. If YU want a higher share price then distribute £8m back to the share holders and bingo the price will go through the roof. If they are serious about getting ii’s on board then having a lower free float does not facilitate that, just makes it harder (unless BK sells some of his but I don’t think that is likely anytime soon). There is no value is issuing more shares as the company has too much cash as it stands…. Either way it is going to be an interesting run in to Year end…. Only 5 weeks.

Without an RNS would be surprised if they let anything slip on performance but you never know.

Would be interested to know the attendance though

Nice summary of the ii day yesterday but no new real info as that has to come through an RNS. Good to see coverage on the scalability (current overheads cover the 2024 plan) and risk management working well. I wonder if we will see the TU next week as we did last year...

One thing has just sprung to mind about their definition of a progressive dividend policy...is there any intention to have special dividends at any time to distribute extra spare cash the business has or are there other plans for that.....

Sorry been offline all day, thanks Gacky for the offer and hope you have a great day. Everything I would have asked has been put forward by SNN and Sparky.

I tend to agree about a TU tomorrow, as then they have new info they can share with the II's but I wouldn't rule one out definitively if they are a bit cagey tomorrow with answers....

Anyway have a good day and look forward to the update.

@sparky - Ironman / LSE have deleted the original post, all that is happening now is a good rational discussion board is getting a bit out of kilter - which is exactly what he wants - to hide the well researched and good quality posts on YU and how well the company is doing. Let's look forward to FY23 figures of £33m+ EBITDA and 2034 TO in excess of £700m.