Updates

Yu Group - Shell deal releases £50m collateral

April 2024

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.

A pretty astonishing set of results from Yü once again. Sales were up 65% to £460m, albeit it was during a period of elevated energy prices. Pretax profit and earnings each soared six-fold to £39.7m and 182p, respectively. The tax charge was 22% as it has used up past tax losses. Net cash at the period end was £81.9m. The big news, which had come a few days earlier, was that Yü has signed a landmark hedging deal with Shell, which replaces the Smartest agreement and means Yü no longer needs to post collateral. Although the Smartest deal, which was signed in 2019, had a built-in credit line, a higher than anticipated volume of new customers (average monthly bookings £55.5m up from £24.5m) and the high energy price eventually requir ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Alfa Financial

TClarke

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 (April 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X