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You can guarantee that if a TR1 is required informing the market of an increased stake they will send it out as late as possible knowing full well it will drive the SP upwards rapidly.

Its worth noting that a new II could be loading up and would not have to notify the market until they reached 3%.(489,000 shares).

Given the pattern in recent days 250 could be dealt with early on. Another big blue day ahead.

There are some very naughty boys and girls on here today.
One minute suggesting this will be £10.00 then selling up and posting that the company is going down. Talk about low!
Look at the facts:
- £10 mil profit adjustment RNS knocked £80mil off the market cap. Major overdone drop (Drop of over 85% in first 15 minutes of trading after the RNS).
- BoD aware of issue and are currently working on a resolution that could simply be to sell on a small portion of debt to an agency or improve the collection rate.
- BoD and II's holding shares at £10 plus
- Only 10 days ago shares were trading at £6
- Less than half of the company's shares are in public hands
Whether you are a long term holder or looking for a quick win, there is nothing that is going to move upwards on AIM as freely as YU in the coming week.

You better give Cannacord a call and let them know their investment at £10 per share is way off ;)
Bring on a fiver!

Plenty of shares changing hands this morning. Next leg up will be interesting as most sellers will need to be getting out above 6quid (pre last weeks drop).
As already noted, BK will not currently be able to buy but the IIs may be to average down with a view to a decent RNS during the SP upwards (way beyond the current 250 marker).

At this rate you wont need to do a whole lot of ramping! The upwards movement in the last couple of days shows the market agrees that last weeks drop was way overdone and that fair value is a long way above the current £2.00.

But.......... If anyone is telling you to sell at this level they need a firm talking too. There is currently nothing trading on aim that can match YU for a short term gain (barring surprise news elsewhere).
It also offers a solid foundation for a long term investment given their rapid expansion and that there are multiple big investors already bought in at £10 per share and upwards who will want/need to at least get their money back.

I did warn you. It was going to sound rampy :)

More than happy to see people profit taking at this level and handing over to a new set of buyers especially given some will have near doubled their investment. Gap up will be huge once we have had a little consolidation.

If there is any volume of sells this afternoon Mr 10k and Mr 20k will likely make a reappearance. Seem to be a few big hitters loading up in almost every slight drop.

I would certainly not want to try trading this at the minute. The upward swings are huge and every-time the price drops back the shares are being immediately hoovered up.

Great for those who picked up shares less than a week ago and are already looking at double money with loads more upward movement ahead.
RNS was not great but should have only dragged the SP down to £4.00 in reality. Long term prospects of the business are good so the LTH's have a chance at getting back into profit. II's took shares at £10.00 earlier this year (They willl at least want their money back).

The upward movement doesn't seem to be slowing down despite the best efforts of the derampers :)

There will likely be a small amount of resistance in the 120-130p range thanks to the chunk of buys on the drop in that region last week but once past that there shouldn't be a lot to hold it back, especially if we get a TR1 or a decent RNS.

Trade reporting seems way off this morning. Google showing nothing since 8:15 and LSE showing nothing since 8:10. I get they have the 15 minute delay but surely we cant have reached a point where no one is willing to buy/sell in any volume.

Cheers Babbler. I read something similar earlier on but couldn't see whether the sell was executed by Cannacord as part of their managed portfolios or requested by an individual.

As far as I understand; their discretionary clients basically hand over cash and Cannacord can invest as they see fit without having to notify individuals of changes to the portfolio (like a fund without a fixed set of companies/markets). In this case the book is with Cannacord (who I would think will be intending to pick up cheap shares given their original buy in was north of £10.00)

I dont think Cannacord A) Need the cash. B)Are going to chase rainbows to try and win back their clients cash.

Worst case scenario for them is: they sold at £1 (£400,000) leaving them £2mil worse off than they were on Tuesday.

Best case scenario: They shifted the 400k shares early on and were able to buy them back at a discount thus averaging down their overall exposure.

Cannacord aside, even if you are not a fan of the company or BoD its hard to justify an 80-85% fall in the company value for a £10mil adjustment. Thats why so many new investors piled in on Wednesday knowing the fair value of the company is 2or3 times the current level.

All imo of course. I have been known to pick a few shockers in the past!

I wouldn't want to the the account manager at Cannacord explaining to clients that they dumped 400k shares on an 80% drop without some form of plan to either buy back or average down.
Quite possible they have already re-acquired the 400k shares given the late trades yesterday and the MM's dropping into stop losses every few hours.
Fingers crossed for an update RNS from the BoD to rebuild confidence or a TR1 next week suggesting the IIs are loading up. Either would fire the SP northwards and dispose of the derampers attempting to get in on the cheap.

Interesting move from Cannacord. I would have expected them to be using the drop to average down and acquire more. Perhaps they got out early enough on Wednesday to buy back their shares at a discount. Who knows.
Given the volumes traded in the past 3 days we will be getting another TR1 no doubt to see what they have been up to.

That’s no pocket change being traded. Fairly confident the majority of them are buys given no sound minded individual/ company would want to dumping those kind of volumes at £1 a share.
Let’s see if the MMs take the breaks off in the morning now they have had to show their hand.

This is what I find baffling: The SP has been dragged down to these levels despite having the cash in the bank to cover the necessary adjustments.
The drop in profit also means an adjustment in tax/vat that means we are not 10mil worse off. Its probably more like 6-8m worse off than the initial projections with plenty of profit already lined up for the coming year that will make 10mil look like pocket change.
I could be completely wrong but 150p - 200p is still way undervalue. I can only assume that the drop is being held to allow IIs to take advantage of the unexpected buying opportunity.