Member Info for SMT1

The reason the share price is down is almost certainly due to the general markets having a very bad day. The results for 2022 should not hold any surprises. More interested in 2023 guidance & dividend policy.

Sparky, that would be bad news. Whenever he posts, the share price goes up !!

Mind you, we may not find time to have a party. We would be relaxing on our yachts !!!

If the share price reaches those levels, we should throw a party and have Andy Munchkin as the guest of honour !!

Gacky, it is very difficult to tell what the impact the bad debt provision will be on the profit in 2022. There will be additional provisions on increased sales. 2023 should see real benefits from this, which may be why they seem confident of hitting £20m net profit.

In theory, cash generation should be greater than net profit due to the bad debt provision. The provision was around 7.5%, but I'm not anticipating actual bad debts to be anywhere near that level. You are talking about huge figures here. Anyway, we shall see.

That one does look like a buy.

Sparky, I have looked at the time stamps of a couple of them & they look like sells to me, but I may be wrong.

I've spotted a large seller in the last 2 days - 5000 shares x 7 transactions. Once they clear, whenever that may be, the share price could rocket.

Following on from my last post, even when doing a lot of research, buying shares can be a risky business. However, I believe that those who invest at BMN at this share price will be significantly rewarded.

HarChris, fair point. We know that there is a 95% chance that the Orion debt will be re-negotiated. However, it is still uncertainty for many investors.

Unfortunately, the cash position is holding the share price back. There is no certainty that stock can become cash this year. However, if the V price continues to rise, the risks become less and less, so the share price could increase rapidly if this continues.

One thing that could seriously affect the EBITDA is the bad debt provision. If actual bad debts are say 5% less than the provision, then at some point this will massively improve the figures. Timing of this is a bit questionable, but it was a good decision to reduce profits in the last couple of years to see these provisions reverse in future years when the business is growing.

Sparky, I would buy that book !!!!

Sparky, I don't know why you bother posting on ADVFN. Its full of trolls & nutters.

We all know that the share price is likely to be 740p plus in March. However, some investors feel they can make a quick buck elsewhere in the mean time. Nothing to worry about.

Special thanks to you BBN as your posts are the main reason I am invested in YU, & thanks of course to Sparky for his positive updates which encouraged me to keep topping up.

SNN, I cannot believe that actual bad debts will be anywhere near 7-8% (ever). If 7-8% of all companies cannot pay their bills, the country is in big trouble. Actual bad debts should be way below this level. The impact on profitability of these provisions in 2022 & 2023 is unknown, as YU will be providing against massively increased sales.

I don't understand why ROC payments cannot be monthly instead of annually. They could be estimated until final figures are calculated, & it would be much easier to see if a company had financial problems, if they missed a monthly payment.

I believe talk of £1 dividends are a bit over the top, although they would change my life. They need to keep some funds for potential acquisitions. Once you pay £1 dividends, you cannot reduce them. I suppose they could borrow to fund potential acquisitions.