Updates

Yu Group

February 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.

Trading continues to run well ahead of expectations as lower commodity prices prompt more companies to lock in contracts. Sales for FY23 are now expected to exceed £450m with contracted revenue more than doubled to £520m for FY24. With high operational leverage within the digital service strategy, EBITDA is expected to be significantly ahead of current market expectations. Net cash has climbed to £31.9m from £18.8m. After the 90% upgrade to FY23 earnings in September, Liberum has lifted its forecast to £41m pretax profit/eps 171p, with broadly similar results in FY24 as energy markets normalise. A PE of 7.1. Take a part profit if you want. ...

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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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