Updates

Yu Group

April 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Having upgraded expectations half a dozen times last year, results for FY22 show sales up 79% to £278.6m and pretax profit ballooning from £0.9m to £6.7m with eps up from 14p to 30p. Net cash increased to £19m by the year end. The gross margin increased from 9.8% to 15.8%, largely due to the digital by default strategy and also a higher-than-expected contribution from a non-contracted book of customers who were out of contract and waiting to enter new ones. The EBITDA margin increased from 1.1% to 2.8% (H2 22 at 3.5%) showing the increasing efficiency and operating leverage in the business. The hike in energy seen at the end of last year together with churn on the Ampower SOLR acquisition in November resulted in the bad deb ...

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Altitude

Yu Group - Shell deal releases £50m collateral (April 2024)

Yu Group (February 2024)

Yu Group - Wallops the ball out of the park (October 2023)

Yu Group - Records keep falling (August 2023)

Yu Group - Eps forecast upgraded by +42% to 61.1p (June 2023)

Yu Group - Shares up 80% since December’s tip (February 2023)

Yü Group - Chief executive says he is in a hurry to grow (December 2022)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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