Member Info for MKS123

@faze1... why would it be Miton. As below, they retain a position intentionally because even they expect a rerate upwards once the turnaround details becomes clear. The next update is due in September as things stand.

From Miton Microcap recent results RNS btw. Miton align holdings based on detraction from the fund's NAV to keep its SP linked to funds.net asset value (details also given in same RNS)

"However, as highlighted in the Half-year Report, Yu Group was by far the greatest detractor over this year, after appreciating by a multiple of its initial purchase price in earlier years. It announced that it had under-recorded bad debts, and also over-estimated the volumes of its new customers. Whilst the company revised its figures, it did not allow its advisers to issue market forecasts ahead of its finally resolving the scale of its misstatement. This explains why its share price fell by 90% to a position where it was valued solely on the cash balances within the group. As this stock had appreciated so much prior to this year, it had become one of the largest holdings in the Trust's portfolio, and this setback detracted 4.5% from the Trust's return over the period under review.

A small position in Yu Group has been retained for now, since we believe its share price overlooks the fact that it remains as a substantial group generating revenues of approximately £80m. We expect its share price could recover substantially once the details of its future become clearer."

True. Up to you and everyone else to decide when or if this will re-adjust to more sensible levels. As an investor here, without confirmed short positions or larger holders selling, I can only assume at this point that the sells is profit taking by PIs who bought on way up after FCA all clear news first dropped. Or some might be selling at a loss to find alternative shares. The markets are tense atm in general but still, the numbers here don't add up as you say.

Did Miton say they sold at a loss? Below is from their own RNS. Also, they still hold a position below 3%

From Miton Microcap recent results RNS btw. Miton align holdings based on detraction from the fund's NAV to keep its SP linked to funds.net asset value (details also given in same RNS)

"However, as highlighted in the Half-year Report, Yu Group was by far the greatest detractor over this year, after appreciating by a multiple of its initial purchase price in earlier years. It announced that it had under-recorded bad debts, and also over-estimated the volumes of its new customers. Whilst the company revised its figures, it did not allow its advisers to issue market forecasts ahead of its finally resolving the scale of its misstatement. This explains why its share price fell by 90% to a position where it was valued solely on the cash balances within the group. As this stock had appreciated so much prior to this year, it had become one of the largest holdings in the Trust's portfolio, and this setback detracted 4.5% from the Trust's return over the period under review.

A small position in Yu Group has been retained for now, since we believe its share price overlooks the fact that it remains as a substantial group generating revenues of approximately £80m. We expect its share price could recover substantially once the details of its future become clearer."

From Miton Microcap recent results RNS btw. Miton align holdings based on detraction from the fund's NAV to keep its SP linked to funds.net asset value (details also given in same RNS)

"However, as highlighted in the Half-year Report, Yu Group was by far the greatest detractor over this year, after appreciating by a multiple of its initial purchase price in earlier years. It announced that it had under-recorded bad debts, and also over-estimated the volumes of its new customers. Whilst the company revised its figures, it did not allow its advisers to issue market forecasts ahead of its finally resolving the scale of its misstatement. This explains why its share price fell by 90% to a position where it was valued solely on the cash balances within the group. As this stock had appreciated so much prior to this year, it had become one of the largest holdings in the Trust's portfolio, and this setback detracted 4.5% from the Trust's return over the period under review.



A small position in Yu Group has been retained for now, since we believe its share price overlooks the fact that it remains as a substantial group generating revenues of approximately £80m. We expect its share price could recover substantially once the details of its future become clearer."

Not sure what you're implying aden69 and moneyspider. Recent director purchases were done higher than the SP today. Profitability is a main focus for the BK who is aligned to shareholders with his own holding. And what has Rob Terry got to do with Yu?

If you want to save yourself the worry whether your shares are being used to short, put a limit order on them. Visainn shared a link to the reason for this sometime ago. In short, if there is an order on your holding, it can't be lent out

FWIW, there is no large short position on Yu disclosed. True, tou could have many small short positions. More realistically in my view is day traders going elsewhere to find a quick profit.

28k buy at the end there?

At the mercy of day traders I feel who are leaving judging by the trade sizes. Over 80 trades today with a lot for upto a few k. Largest all day that I've seen is 11k I think. Mind you LSE doesn't always get buy/sell direction correct

If I give a margin figure for water, I'd just be guessing like everyone else. I'd want to see more details on this in September. Ultimately, I sense you believe Yu will never make profit let alone the margins mgmt have quoted. If I held the same view, I wouldn't invest here or spend any time looking at the company regardless of SP. I don't share the same view, however.

All this talk of profit margin etc. misses the fact Yu deal in water as well as energy and uses 100% renewables. Something to consider when calculating likely cost scenario. When comparing costs with competitors also, the big 6 are not best to put Yu against. Yu is much smaller

PIs hoping for blockbuster, get-rich-quick numbers weren't happy so have gone looking elsewhere. For me, the RNS was positive and reiterated the mgmt's focus. Considering revenue and available cash alone, mcap looks very low

Yu is still in growth phase so I don't know why anyone expects a sustained history of profits. As volumes grow, low margin contracts end etc. then profits are likely to follow. This is being addressed by the company and mgmt whose personal interests are aligned with the SP. As of Dec 18 at least, Yu market share was tiny. I'm now waiting for September for more details.

Still decent cash available after 8m...

Those hoping for buy out news today are going and hopefully gone looking at fewer sells now. Such short term traders can look elsewhere to get rich quick. Nothing against that mindset but today's RNS doesn't serve that purpose. For anyone looking for an improvement and proof of steadying the business should be happy.

Satisfied with this RNS. No nasty surprises. Revenue and cash fogures good too

Any sort of limit order will stop said shares from being lent out... afaik. It needn't be £7 or otherwise

Who has L2 for more insight? Volume has gone very high very quickly. It feels more than just imminent RNS

Very quiet start has suddenly got interesting.... not much of July trading left now

Generally speaking for this lse site atleast, best to judge by executed price as to whether a trade is a buy or sell. Often a red sell shows but the price indicates a buy. Others have commented to this effect also.

IIs don't buy/sell as often as PIs and a II coming in will bring more credibility and larger volume typically than your average PI.