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YCO Yco Group

5.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Yco Group LSE:YCO London Ordinary Share GB00B2QY9V34 ORD 0.35P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.00 GBX

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Posted at 10/11/2014 00:01 by acta_topup
A shame that shareholders have little to celebrate:



Y.CO Discuss Their Impressive Trajectory

Having proven their mettle time and time again after announcing numerous sales and introducing new projects, Y.CO co-founders Charlie Birkett and Gary Wright joined us to talk about their rapid rise to success and what the future holds for the yellow and white brand.

.Casting your eye around Monaco’s Port Hercule harbour, the evidence of the company’s accomplishments is laid bare. The Monte Carlo-based company has come to the principality with a remarkable roster of yachts, and the early signs are that there could be some serious business to be had over the coming days.

Among the Y.CO yachts sitting proudly in the iconic harbour are the 42.1-metre Royal Huisman-built S/Y Hanuman, the 59.3-meytre Benetti-built M/Y Lady Lara and the 39-metre Vitters-built M/Y Cinderella IV.

But that’s far from the entirety of their Monaco showing. Also present are the 38.55-metre Feadship-built M/Y Katrion, the 36.65-metre CNB-built M/Y Hamilton II, the 37.15-metre Fitzroy Yacts-built M/Y Moonbird, the 41.45-metre Palmer Johnson-built M/Y Griffin and the 34.1-metre Royal Huisman-built S/Y Unfurled.

It is some presence for arguably the world’s prestigious yacht show. Y.CO are clearly at the top of their game and show no signs of stopping.

You can watch our full video interview with Charlie Birkett and Gary Wright above this article.
Posted at 06/7/2014 12:31 by cambridgedon
Agreed. I too am interested in selling my holding at a reasonable price (whatever that might be). Have you managed to get contact details for the broker?
I did a bit of digging some months back (been away for two months)and I understand that Capita are handling these on a matched bargain basis. Have you tried to sell via this route? Checking my notes, I think this is the number for dealing: 08453733479.
Look forward to hearing from other investors stuck in this company.

CD
Posted at 04/7/2014 23:20 by acta_topup
I am becoming increasingly certain that there is ABSOLUTELY NO exit strategy by the BoD on behalf of shereholders. The money being made by the company is being completely "reinvested" in shoring up senior executive pay and in particular their lavish jet set lifestyle. Evidence was already produced that demonstrated how management were using the company's coffers as their own personal bank account. What can shareholders do to ensure that management's responsibility to shareholders is taken into account now that YCO is delisted? Seriously interested to speak with other investors who still have sizeable holdings locked in this company
Posted at 04/7/2014 23:13 by acta_topup
Y.CO sells Feadship Seaflower    

Tuesday, 17 June 2014

By Maarten Janssen

YCO has just announced the inhouse sale of the award-winning motor yacht Seaflower, built in 2002 by Feadship. The highest specified yacht built at the time in this size range, she has been maintained regardless of cost since launch, by meticulous owners and crew. 

Seaflower combines a classic, yet contemporary nautical interior design by Larvor with voluminous living spaces. She has a main deck master stateroom, with vanity, ensuite bathroom with shower and separate dressing room. 4 further generous staterooms are found on the lower deck all ensuite, accommodating up to 10 guests in total. 

Her steel hull and 2 x Caterpillar 3412E DI-TA 624HP engines, allow for a 4600nm Trans-Atlantic range at 10.5 knots. 
Posted at 28/1/2014 12:07 by acta_topup
Plenty of recent newsflow (a lot better than when they were listed LOL :(, just waiting for the bid to come in...
Posted at 03/10/2013 11:12 by homeboy35
yeah, a buy out is my only hope.

20,000 + shares gathering dust.

20p a share would be a nice little pressie!
Posted at 19/8/2013 09:57 by drbeng
YCO looking perky this morning
Posted at 13/6/2013 10:53 by homeboy35
I got stuck with a few of these, not even knowing they were delisted.

I recently wrote to YCO, and said it could be possible to sell them, but it would be unlikely if the share price was much above or below 5p.

but they delisted because they thought the share price did not reflect the business... or so they said!
Posted at 31/5/2013 17:53 by acta_topup
very good news (despite being delisted! - YCO still advertise regularly in FT how to spend it and are clearly doing well):



Superyacht Big Fish Sold by Y.CO
By: Ben Roberts
Published: 22nd May 2013

Big Fish, the intrepid and ground-breaking explorer yacht from the McMullen & Wing shipyard in New Zealand, has now been successfully sold by Y.CO.

Big Fish garnered high acclaim from the superyacht community after her bold maiden voyage took her on a polar circumnavigation to demonstrate her capabilities as a robust and rugged endurance yacht with style in abundance. Since then, her reputation has only grown after a number of exciting adventures took her and her charter guests around the world.

Big Fish was originally available for sale through Y.CO at an asking price of $25,000,000. The luxury charter and brokerage experts have also extended their thanks to Captain Winston Joyce-Clarke and his Crew for their support and assistance.

However, renowned for being an exemplary charter yacht, Big Fish will still be exclusively available for charter through Y.CO in South East Asia for the coming months.

After stepping on board during the Monaco Yacht Show and the short period of time she spent on the Thames, Big Fish became an instant favourite in the Superyachts.com office and we're elated to report on her successful sale.
Posted at 19/5/2011 07:21 by acta_topup
Congratulations on an excellent set of results. YCO Group plc ("YCO", the "Company" or the "Group") Results for the year ended 31 December 2010   YCO Group plc, a leading provider of specialist services to superyachts, today announces its audited preliminary results for the year ended 31 December 2010.   HIGHLIGHTS Financial Highlights ¡ Revenue up 9% to £27.0m (2009: £24.7m) ¡ Gross profit increased by 19% to £8.3m (2009: £7.0m) ¡ Operating profit before exceptional items increased to £930,948 (2009: £82,277) ¡ Profit before tax of £588,000 (2009: £31,000) ¡ EPS 1.02p (2009: 0.02p)   * Exceptional items totalled £330,080   Operational Highlights ¡ Brokerage department bolstered by recruitment of industry leading team ¡ Number of Sales up 50% to 9 (2009: 6) ¡ Number of Charter Weeks sold increased 13% to 175 (2009: 155) ¡ Number of Contracted Yachts increased 13% to 58 (2009: 51)     Charlie Birkett, Chief Executive of YCO Group, commented:   "Our focus in 2010 was to build on the successful restructuring programme implemented in 2009 and this has delivered impressive results across the Group.  Strengthened brokerage teams and operations have helped to achieve a considerable increase in Group profitability.  Current enquiry levels across all core service divisions are promising and accordingly we look forward to further growth whilst maintaining YCO's reputation for innovation and client service."   For further information please contact: YCO Group plc Charlie Birkett, Chief Executive Tel: +377 93 50 12 12   Arbuthnot Securities Tom Griffiths / Ed Groome Tel: + 44 (0)20 7012 2000   Hudson Sandler Charlie Jack / Nathan Field Tel: + 44 (0)20 7796 4133 CHAIRMAN'S STATEMENT   I am delighted to deliver my maiden statement as Non-Executive Chairman of YCO Group and I thank my predecessor, Peter Jay for his continued support and hard work during his tenure, which saw a critical period of transition for the Group.   Through the continued restructuring of the Group, I am pleased to report that YCO has significantly increased its profitability and it remains wholly focused on maintaining this trend.    In 2010, YCO continued to extend its reach worldwide.  A permanent presence in the Middle East was established in Doha and the Group continues to explore opportunities to increase its levels of activity across a wider geographical base.   The Board was strengthened during the period with Ian Petts appointed as Finance Director, after serving YCO in Monaco since 2008 and Rishi Malliwal, an experienced corporate lawyer, joining as Non-Executive director.    The Board continues to assess the efficiency of the Group's operations, ensuring that the company's personnel, brand, service offering and reputation for innovation maintains its leading position in the marketplace.   I would like to thank all of the Group's employees for their commitment and hard work in achieving an excellent set of results. It is exciting to work alongside YCO founders Gary Wright and Charlie Birkett and I have every faith in their growth strategies for the Group and their ability to continue to take YCO forward.       Rear Admiral Scott Lidbetter - Non Executive Chairman 19 May 2011   CHIEF EXECUTIVE'S STATEMENT Review of Business Operations Brokerage After an encouraging performance by the brokerage division in 2009 the Board took the opportunity to further strengthen the team during 2010, attracting four well regarded sales and charter brokers from a leading competitor.  The ongoing recruitment and retention of industry leading employees remains core to our strategy.  Overall, both sales and charter performed ahead of expectations, both in terms of the sales, and also in securing new Central Agency Yachts.   During the period YCO continued to offer its clients industry innovating services, most recently an iPad based application designed as a brokerage tool.  A superyacht search facility, 'YachtBox' is the first application of its kind and was well received at its launch at the Monaco Yacht Show.  Management As well as increasing the number of yachts under management, YCO took delivery of two new superyachts from the prestigious German shipyard Lürssen (one above 80m and one above 120m).  Both yachts had been overseen by YCO Project Management throughout construction and moved seamlessly to the Operational Management fleet.  Overall the department has maintained a satisfying market share and its reputation among captains and owners for its knowledge and service levels continues to grow.   The Group continued to develop its management service offering globally by transferring management personnel permanently to the Gulf.  YCO continues to look to developing regions in the superyacht market for potential growth opportunities. YCO Crew YCO crew achieved improved results, making more placements in 2010 than in 2009.  In Palma, YCO Crew relocated to larger offices and is now able to offer logistical support to YCO managed yachts based or passing locally. The division remains an excellent client source for the Company's yacht management division and as such the Board was satisfied with its performance and looks to strengthen the recruitment team in 2011. Yacht Fuel Services The fuel services division maintained its position in the marketplace, performing in line with expectations.  In early 2010 the division remained affected by reduced transatlantic yachting traffic however, and the Board continues to review its position within the Group. Yacht Help Group (now YCO Client Concierge) During the year the decision was taken to withdraw YHG operations from Spain and France, with all activity transferred to YCO's expanded offices in Monaco and Palma (YCO Crew).  Now 'YCO Client Concierge', the division's service offering has been further strengthened by a partnership with a leading global concierge provider with offices in 60 further cities worldwide.  The board views this as a positive development of YCO's existing concierge services, an area of the business which has traditionally differentiated YCO from competitor charter firms. Financial Review We are very pleased with our financial performance over the period after posting a small maiden profit in 2009. Profits have increased dramatically from break even to close to £1m before exceptional items of £330k, which includes VAT provision of £150k, goodwill of £102k for the liquidation of Yacht Help Group Gibraltar and fixed asset write off of £77k for the closure of offices in Palma and Barcelona. An increase in charter contracts and office expansion means that cash is slightly lower than forecast at £500k but YCO remains largely free of debt and very well positioned for further growth in 2011. Outlook YCO remains focused on building on the excellent client, operational and personnel achievements made in 2010.  It will do this through the ongoing development of our client services as well as leveraging the YCO brand through strategic marketing initiatives that will help ensure YCO maintains its position as a leader in the superyacht industry.  As part of this YCO intends to implement an Employee Incentive Scheme in 2011 to retain and attract the industry's leading talent - being the only UK listed superyacht services company gives YCO a unique industry advantage in this respect.   The superyacht marketplace is showing signs of gradual recovery.  In 2010, the number of superyacht sales across the industry was higher than the previous year and in the first quarter of 2011 YCO has seen an increase in enquiries for sales, charter and yacht management.   With several prospects also commissioning the build of new yachts, YCO is currently involved commercially with every major shipyard in northern Europe, a significant milestone.     As founders of YCO, Gary Wright and I are pleased with the Company's performance and welcome new arrivals to the board and the Group, in particular the new Director of Sales and Charter, Neil Cheston.  We would like to thank the whole YCO team for enabling us to achieve very encouraging results for 2010.    The Group is confident that in this improving market, with its industry leading client service offering and team of highly respected yacht managers and brokers, YCO can continue to build on the momentum gained in 2010 and accordingly the Board looks forward with optimism.     Charlie Birkett - Chief Executive Officer 19 May 2011              
YCO Group share price data is direct from the London Stock Exchange

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