Member Info for Steve17

A reassuring t/u.

Appears a good set of results.

Not sure if it has been posted, apologies if so. Look at all that forecast cash in 2025!

Https://www.yugroupplc.com/wp-content/uploads/2023/07/YUG__25072023.pdf

In the "short to meďium" term eps is forecast to hit 150p, plus the £40m cash.

Standout for me is ... "Management now target GBP500m revenue with 5%+ sustainable EBITDA margin in the short to medium term."

Put a p/e of 15 on that; plus the bundle of cash, then a price of mid twenties isnt unreasonable.

And the last bit which didn't copy:

Management now target GBP500m revenue with 5%+ sustainable EBITDA margin in the short to medium term.

-- Group net cash (excluding leases) expected to increase in H2 23 despite the annual ROC payment falling due in Q3 23.

-- As a result of the accelerating revenue profile of the Group and significantly increased EBITDA margin expected to be achieved in FY 23, the Group expects to report results substantially ahead of current market expectations.

Nice read!

CONTINUED STRONG FINANCIAL PERFORMANCE

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters to the UK corporate sector, is pleased to provide an update on trading for the six months ended 30 June 2023.

Bobby Kalar, Chief Executive Officer, said:

"We are delighted to have accelerated our strong trading momentum and our growth continues to surpass expectations. We continue to deliver strong financial performance as more customers lock in the benefit of a softening commodity market. Alongside this growth and underpinned by our "Digital by Default" platform and Smart Meter installation business we see revenue and profitability growth in FY 23 and beyond. We are as excited as ever about the future of Yü Group and remain focussed on exceeding our previously stated GBP500m revenue target and increased 5% EBITDA margin."

Financial and Operational highlights

-- Accelerating revenue growth in H1 23 with the Group expecting to outperform revenue expectations for FY 23. The number of supplied meter points grew 56% in the period to 39,700 (FY 22: 25,500, H1 22: 26,100).

-- Record average monthly bookings of GBP51.3m achieved for H1 23, up 109% on FY 22 (FY 22: GBP24.5m, H1 22: GBP14.3m) providing clear revenue visibility for FY 23 and underpinning future growth.

-- Expansion in EBITDA margin expected in H1 23 as the Group has benefited from operational leverage brought about by the "Digital by Default" strategy. This has been supplemented by selective new business, good hedging, customer lifecycle performance and improving bad debt metrics.

-- Exceptional cash generation, with 98% cash conversion from billings. Closing H1 23 net cash (excluding leases) of GBP36.6m, up GBP17.6m in the first six months and GBP20.9m year-on-year (FY 22: GBP19.0m and H1 22: GBP15.7m).

-- Growing rollout of Yü Smart, with a current monthly smart meter installation run rate of 700 and expected to scale significantly. The Group is pleased to announce it is transitioning from the use of third-party meters and has now commenced its own Kensington Meter Asset Limited (KMAL) installation and funding rollout creating a future recurring revenue annuity.

Outlook

-- Record monthly bookings secures future revenue and provides management with confidence in the Group's prospects for FY 23 and beyond.

-- Margin expansion achieved through "Digital by Default" strategy coupled with smart meter roll out. As a result, the Group has exceeded its stated mid-term EBITDA margin goal of 4%.

Sale outlets for Microsalt appear to be snowballing. Come on Mac D give your chips a sprinkle of MicroSalt.

Get a grip JB. Stop making accusations against others. Accept any loss and move on with a lesson learnt.

Worth the wait ...

MicroSalt today announces a partnership with a Fortune 500 national retailer for the development and execution of low-sodium solutions across the retailer's extensive line of private branded snack offerings. This will lead to placement of several of their snacks using MicroSalt(R) in lieu of traditional salt, beginning with 800 stores by Q4 2023 and likely expanding across more than 7,000 store locations thereafter.

"We are proud to work with this leading retail chain in their efforts to offer low-sodium solutions to their customers through their private branded products. According to the World Health Organization, excess sodium consumption is a leading contributor to cardiovascular disease, and partnerships like this are a great way to make a positive difference in global health." Said Rick Guiney, CEO of MicroSalt.

This partnership is expected to have a significant impact on both companies, including:

-- MicroSalt (R) and its leading retail partner being positioned as leaders in the low-sodium retail initiatives.

-- Expanding their customer base around the globe with healthy, lower sodium alternatives.
About MicroSalt, Ltd

MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt(R). We are passionate about improving peoples' lives with better-for-you seasonings and snacks by taking the lead in the industry by providing the best low-sodium salt solution, based on the mechanical transformation of the salt particle itself. This solution is the only one that delivers real salt flavour because it is salt. Our new patented technology produces salt crystals that are approximately one hundred times smaller than typical table salt, delivering a powerful saltiness as the micro-grains dissolve in the mouth, with approximately 50% less sodium consumption. Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavor consistency. MicroSalt(R) and SaltMe(R) are registered trademarks of MicroSalt Inc. To learn more about

To learn more about MicroSalt(R) Inc. and MicroSalt(R) products, visit www.microsalt.co .

Tekcapital owns 97% of the share capital of MicroSalt Ltd. and 6,034,683 shares (78%) of MicroSalt Inc., its U.S. subsidiary.

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is

headquartered in the UK. For more information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.

SP Angel Corporate Finance LLP (Nominated
Adviser and Broker)

The positive from this going into administration would be the gardener's shares would then be worthless.

Has the company called in the police or the FCA? if not, why not? How can that level of revenue just diaappear?

"Whilst it is extremely disappointing that 2022 revenues are likely to be so far below the figures provided by the previous executive management team..."

The Police and FCA should should brought in.

Ive read 1000s of RNS but this may be the most laughable ... "Neill is now on garden leave and has ceased to have day-to-day responsibilities, unless required by the Company,"

Company phones NR, "Neill can you come in today, the reception lawn needs trimming and there's some dog's mess that needs picking up."

This doesn't read well

"... Directors now believe that, in the event that the planned commencement of long hole stoping in April is delayed, or the anticipated tonnes of ore mined in April and the following months is significantly below the current mine plan, then a material uncertainty would exist that casts significant doubt over the ability of the consolidated entity to continue as a going concern in the very immediate term and therefore its ability to realise its assets and discharge its liabilities in the normal course of business."

I sense they are now licking the bottom of the funding pot. Tragic situation.

And NR is still has 'Day job is CEO@versarien (ceo@vrs)' on his twitter. Class act.

I was surprised at the high level of bad debt. It is explained in the report, but nevertheless this is the only concern in the report.

I see that nr is still showing himself as 'Day job is CEO@versarien (ceo@vrs)'. He needs to change that to ... you can fill in the blanks.

Given what's happened here and a few other companies recently, CEOs constantly on social media and platforms such as v ox etc I now treat as a massive red flag. Of course there is a balance, but I remember certain CEOs, whose companies I mistakenly invested in, appearing to spend much of their time on social media advertising their story.

Any chance it could have a positive outcome? No, whatever happens now, trust has been broken.

To save further Google searches ...

"too great or extreme to be expressed or described in words.
The ineffable mysteries of the soul"

Sounds good.

Very good RNS. Roll on the IPO.