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YCA Yellow Cake Plc

639.00
-13.00 (-1.99%)
Last Updated: 10:23:54
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Yellow Cake Plc YCA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-13.00 -1.99% 639.00 10:23:54
Open Price Low Price High Price Close Price Previous Close
641.00 635.50 645.00 652.00
more quote information »
Industry Sector
GENERAL INDUSTRIALS

Yellow Cake YCA Dividends History

No dividends issued between 23 Feb 2014 and 23 Feb 2024

Top Dividend Posts

Top Posts
Posted at 05/2/2024 19:49 by 7kiwi
Mjn,

I think the endgame is that a consortium of producers and/or utilities buy YCA. 21m lbs covers about half a year of the structural supply deficit that is set to continue for the next few years. Although I don't expect that for a while yet. And it would have to be at NAV or a premium for shareholders to agree.
Posted at 02/2/2024 10:33 by 7kiwi
We should run a book on when YCA breaks the £2bn NAV mark. Market cap already puts it at about 80th position in the FTSE-250.
Posted at 01/2/2024 11:03 by jaf111
Maybe KAP will have to ‘borrow’ some U from YCA to enable it to supply its contract with YCA 😳🤔🤔🤔
Posted at 26/1/2024 15:18 by 7kiwi
Spot up 0.50 to 101.50/lb but the sector seems weak today, including YCA.
Posted at 23/1/2024 13:45 by 7kiwi
Rimau,

I don't think there's a raise imminent. First there's $33m on the balance sheet. Second, raising now would be dilutive to existing shareholders and all prior raisings have been neutral or slightly accretive. They won't raise at such a discount, imv.

Nimbo,

At current Numerco mid-price of $106/lb and share price of 712p, I make the discount 15.8%. It's big, but nowhere near 20%.

I would think a buyback is much more likely than a raise. But I suspect they will wait to see how the market reacts to the upcoming statements from KAP and CCO before deciding whether to do a buyback or not.

If YCA does get to NAV and thinks about raising, I wonder if KAP has the material to honour the $100m option? I suppose what works in KAP's favour is that $100m now buys less than 1m lbs, whereas not too long ago it would have bought 2m lbs or more.
Posted at 20/1/2024 10:40 by 7kiwi
MrN.

Kazatomprom is already under significant influence from Russia and China.

According to this press report, China has contracts for 60% of Kaz production and Russia 26%, leaving just 14% for the west. Iirc, even Cameco did a deal to sell some of its share of Inkai production to China.

The option with KAP was and is valuable, but even if the option is somehow terminated early, I don't really see how that negatively impacts YCA's share price. It would underline the scarcity of western material and push up the per pound price, pushing up YCA's NAV per share. It's NAV per share matters far more than total NAV of the company.

As I said before, my own view is that at some point YCA will be taken out by a consortium of producers and/or utilities. There's a 30-50m lb p.a. structural deficit in the market for the next few years. YCA's 21m lbs will help mitigate the deficit in one of those years. It would have to at least be at NAV though for shareholders to approve such a deal.
Posted at 14/1/2024 11:07 by someuwin
Ian Cowie @iancowie ยท1m

It’s a no-no for many but #nuclear power is the only way to #energy independence and #netzero so I am buying #uranium via #investment trusts and Yellow Cake #YCA ⁦
Posted at 12/1/2024 17:19 by 7kiwi
And there we have it, NAV over £8/share. Despite the decent rise today discount is over £1/share at 13.9%, with Numerco now reporting £101.50/lb mid-price.



Now SPUT is at or around NAV, it would make sense for investors to turn their attention to YCA to bring the share price inline with NAV so they can raise cash and exercise their option with KAP and see how many pounds $100m will buy in this market and what the delivery terms are.
Posted at 10/1/2024 10:35 by 7kiwi
I think KAP's trading statement for 4Q23 and full year will be interesting. Especially their guidance about 2024 production. I don't think they got enough capex away in 2023 to develop their fields to meet their 2024 targeted production.

It would be good to get YCA back to NAV so they can raise cash for their $100m 2024 option with KAP. Let's see what the delivery timeline is.
Posted at 23/12/2023 00:45 by 7kiwi
I am not sure what the end game is. My best guess is that the 1-3 year Uranium shortage becomes so bad that a consortium of utilities or producers decide to take out YCA at NAV or a small premium.

Justin Huhn keeps saying "there is no safety valve". I think YCA will be the safety valve.

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