Updates

Yu Group - Records keep falling

August 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.

Ahead of interims on 26 September, Yü said trading continues to accelerate and it expects results to be “substantially ahead of market expectations.” In the light of the statement, broker Liberum lifted its eps forecasts by 20% to 73.2p, having increased it by a massive 42% in May. The forecast for next year is 91p. Average monthly bookings in H1 were a record £51.3m, up 109% on the £24.5m monthly average achieved during the whole of last year. Meanwhile, EBITDA margin has widened helped by the operational leverage brought about by the "Digital by Default" strategy and improving bad debt metrics helped by its smart meter installation programme, paving the way for it to achieve a target of £500m revenue with 5%+ sustainable EBITDA ...

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