RE: My own view on YU.23 Oct 2022 21:05
Good question SNW, I did my due diligence and was looking for a non essential to buy into as could see a recession coming as 10 years had passed since financial wobble in 2008/2009. They tend to be every 10 years.
I saw the fall from grace but at 50p ( think the low was 43p ) did myresearch and yep they fecked up but BK had a lot of skin in the game and he is a clever and driven man, i picked up 50k in one buy and followed it up over the next few days to around 90k , so core holding was between 50-65p, been buying when I can upto about 220p for rest of my holding. I would have liked to have had over 1% but haven’t reached it, close though.
I like CEOs who fortune is linked to shareholding, and the new CFO is very astute along with paynter.
I do have my grumbles with YU , I think the CEO and CFO are paid to much for the size of the company especially 3 years ago. But so far so good so a small grumble really especially guiding the ship through 3 once in a lifetime events, C19, energy crisis, war in Europe and now a routine recession.
The 2018 debacle has actually ensured the processes and risk management are top notch and they passed each test with ease and strengthened every time, now on the cusp of real reward for the investors.
I can see YU being a billion a year turnover monster churning out cash and this is a once in a lifetime opportunity to not 10 bag but even more if patient.
I have had other mega stocks like ASOS in 2000, ARM in 2001 but a,ways sold way to early, not this time.