It appears that the business is progressing nicely. For example,the deal with SmartestEnergy, new board members, cash in the bank and new office in Leicester etc. However,this has not been reflected in the share price andacknowledged by market analysts. The share price of Yu is almost at is lowest. What further can thebusiness do to achieve its real value and convince investors to stay supportive?
The Board is very aware of the share price which, to an extent, is a reflection of the current environment. We are keen to explain the investment case to potential investors,both institutional and retail, and are actively discussing timing of activity and strategy with our advisers.
Was the share buyback resolution passed? RNS on voting no doubt to follow.
Hi sparky - no sold some on 14 May chasing rainbows elsewhere which has not worked yet out so double loss. Still got my original very modest holding. All happening because I could not sit on my hands for a few days more. Good luck MrE
sparky let's see if the Board answer all your questions at the AGM tomorrow.
"In view of the restrictions on attendance, shareholders can submit questions for the Board prior to the AGM by email to AGM@yugroupplc.com. The Board will endeavour to answer such questions by publishing responses on the Company’s website as soon as practical after the AGM."
Bobby has always had half the shares! The same optimistic inference has been made at many other times all the way down from £12 to 62p. Good luck to anyone buying in at this price and I hope it does indeed rise from here.
RE: For Paddy - Revisiting Volumes16 May 2020 07:50
On 17 March s_k declared he had bought 3m shares at 3.05p adding that "there is a 70% chance of a 50-200% return in 2 years". (Share price was 3.35p)
On 17 April s_k declared GGP was "Massively Overbought; This is now in the crazy valuation territory; is a clear sell on fundamentals" (share price was 6.525p)
On 1 May s_k declared "The share price was pumped for extreme success whereas the reality was largely more of the same. Yes that same is exceptional, but the share price already priced that in and more. Buy on rumour sell on news, regrettably the usual market story, but in this case entirely justified". (share price was 7.80p)
But please do keep coming up with estimates about the resources in the ground as it adds to the chatting on this board until the MRE is declared. At present with the share price at 9p I think whatever the resource estimate I am doing rather well so I will continuing to hold (as no doubt s_k is doing).
Lebugue-a just go back to around page number 2000. You have got to hand it to Paddy this is what he said 15th May 2019
"When the CEO uses phrases like "very large drilling program" and "aggressively drill the ore body" then it pretty obvious how bullish they are over Havieron.
Interesting that he also mentioned "other" high grade prospects in the Paterson. Not by name but surely referring to possiblity of BH, Scallywag and our other as untouched 20 prospects in Paterson East.
The disposition effect is an anomaly discovered in behavioral finance. It relates to the tendency of investors to sell assets that have increased in value, while keeping assets that have dropped in value.
Hersh Shefrin and Meir Statman identified and named the effect in their 1985 paper, which found that people dislike losing significantly more than they enjoy winning. The disposition effect has been described as "one of the most robust facts about the trading of individual investors" because investors will hold stocks that have lost value yet sell stocks that have gained value."
The disposition effect can be minimized by means of a mental approach called "hedonic framing". For example, individuals can try to force themselves to think of a single large gain as a number of smaller gains, to think of a number of smaller losses as a single large loss, to think of the combination of a major gain and a minor loss as a net minor gain, and, in the case of a combined major loss and minor gain, to think of the two separately. In a similar manner, investors show a reversed disposition effect when they are framed to think of their investment as progress towards a specific investment goal rather than a generic investment.
I'm thinking I am sitting on the largest gain of my life and I don't want to lose it in a stock market crash.