Updates

Yu Group - Eps forecast upgraded by +42% to 61.1p

June 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.

The shares rocketed after Yü said it has continued to experience strong trading momentum and results are now expected to be “substantially ahead of current market expectations.” As wholesale gas prices have eased and the government took away energy support in March, the result has been a switching frenzy by companies who had been waiting on the sidelines and the key is Yü's Digital by Default strategy coupled with the Smart Metering roll-out, which continues to provide a platform to quickly onboard customers but has also had a material benefit in reducing levels of bad debt. The shares were a front page NAP for 2023. Liberum has upgraded this year’s eps forecast by 42% to 61.1p with next year’s lifted by 10% to 68.4p. The brok ...

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XLMedia

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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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