Updates

Yu Group - Shares up 80% since December’s tip

February 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.

Yu exploded upwards after reporting that it expects to exceed even recently upgraded expectations. It saw a particularly strong performance in Q4 with average monthly bookings of £48.6m versus the £24.5m average for the year, meaning FY22 will now see sales +76% to £275m and “EBITDA substantially ahead of expectations.” In the light of that comes the fifth upgrade since March with brokers upgrading FY 22 forecasts by 13% to 30.3p and FY 23 by 2% to 43p. Year end contracted revenue has increased from £157m to > £247m, providing good visibility. Net cash has risen to £18.8m from £6.8m a year ago. Tipped at 380p in December and a NAP for 2023, continue to hold. ...

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Superdry

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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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