Member Info for Srbenjo

They have sold a small amount of their holdings, just over 0.1% of the companies shares.

Do you think we may get a trading update this week? We had one on 10th November last year.

Doesn’t look good really but probably nothing to worry about. At least that’s a seller done and the share price may rise as a result?

Long term holder… Not too much to raise our expectations here for the future imo. Revenue for the full year has been revised down and overall margins are a bit lower than 2023. I worry for the share price today, hope I am wrong. Lower interest rates in the US and more to come may help though a lot of that is probably already priced in. GLA

Great set of results 😁

Thanks Nige. If we don’t get an update very soon then that could be taken as a positive… no profit warning! This share still feels very cheap and as the advertising market recovers over the next few years we should be multiples of the current share price in my opinion.

Still no trading update. It’s overdue now, hopefully tomorrow.

Looks pretty good to me

I’d rather concentrate on the company fundamentals rather than some online reviews, most of which are probably made up anyway.

Brilliant news 👍

I topped up my holding again yesterday, £5000 worth @ 1630p. Hope this downtrend is over now and we get back to all time highs again with the next trading update. GLA

It’s good inflation is back down to 2% but we need to see interest rates fall to have any significant effect on the share price. Probably not tomorrow but it’s getting closer. Hopefully the bottom is in now.

I’ve topped up my holdings twice in the past month but unfortunately the share price continues to decline. I don’t believe it will last much longer, given the very optimistic comments published with the Final results back on March 19th (see below). The management seemed very positive and hopefully their optimism will be translated into solid growth when the next update is published, which I suspect will be late July.

Current trading and outlook

· Strong bookings and margin performance is continuing into 2024, despite lower commodity market environment.

· Expect to deliver organic growth of c. 50% in FY24 despite lower commodity prices:

o £520m contracted revenue at end of 2023 for FY24 delivery (2022: £247m for FY23), plus strong bookings momentum and further non-contracted book.

o Board targets significant market-share growth (from current 1.4%).

· The Board targets over 25,000 smart meters owned by the end of 2024 to provide benefits on customer lifecycle value, together with a recurring, index-linked, annuity income of c.£1m per annum.

· Strong profitability expected as the Group benefits from its well-hedged commodity position; investment in digital; expansion of smart meters; and service-led market positioning.

· Very strong operational cash generation forecasted for FY24, from EBITDA conversion to cash and the working capital benefits of the new trading agreement with Shell.

· Board confirms the intent to progressively increase dividend distribution, in a sustainable manner, as earnings grow whilst maintaining at least 3x cover on EPS in the short to medium term.

I thought you may be interested to hear this re the next update for YU Group. I emailed investor relations this morning to ask when the next trading update would be as we had one at the end of May in each of the last 2 years.

I received a reply this afternoon that said “ Still to be confirmed, but the half year period closes at 30 June so one would expect an update to follow.”

So no update until July at the earliest then. Hopefully it will be a good one.

My feeling is we won’t get a decent share price rise until reported results improve… better revenue, margins and profits. A lot seems to hang on a good 2nd half of the year. My worry is AI seems to be disrupting the advertising industry in a negative way. Time to be patient but it is hard work!

A credible bid may change things though.

John33… You seem to have a very negative opinion about Mobico. Maybe consider selling up mate.

Yes, final dividend is 37p per share

New all time high today 👍

Thanks for your replies. Hoping for another good update and a corresponding rise in the share price.

Does anybody know when we can expect the next trading update?