Yellow Cake Investors - YCA

Yellow Cake Investors - YCA

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Stock Name Stock Symbol Market Stock Type
Yellow Cake Plc YCA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-8.50 -2.44% 340.50 16:35:23
Open Price Low Price High Price Close Price Previous Close
351.00 336.00 351.00 340.50 349.00
more quote information »
Industry Sector

Top Investor Posts

7kiwi: It's also in their investor pres, but they bought more uranium after the pres. htTps://
7kiwi: Kopernik Global Investors add to their position in YCA: hTtps://
quepassa: Excellent article in today's FT on page 13 by their highly regarded commodities' journalists Neil Hume and Henry Sanderson, headed " Uranium prices soar to highest since 2014 as investors scoop up nuclear fuel." One reference in particular to Japan in this well researched FT article caught my attention:- "Japanese utility groups rose sharply yesterday after Fumio Kishida, a leading contender to become the country's next prime minister, said restarting nuclear power plants was necessary to achieve the country's net zero goals.Nuclear power was shut down in Japan after the Fukushima Daiichi disaster in 2011 and has only slowly been restored". If Japan soon start turning back on significantly more of their nuclear generators, what a further price stimulus that will be to U308 with end users needing to commence buying and contracting wholesale supplies in addition to the heavy buying by the financial players. See FT article for full context and further comment on the role being played by Yellow Cake plc and Sprott. ALL IMO. DYOR. QP
jonwig: The uranium story has reached the FT front page. Some bullet points from the article: The Sprott Physical Uranium Trust has snapped up around 6m pounds of physical uranium, worth around $240m, since launching on July 19. currently holds 24m pounds of uranium, worth around $1bn, Global mine supply is expected to be around 125m pounds in 2021. Pressure on utilities who need to secure supplies of the commodity for electricity generation. China is planning a big increase to its nuclear power capacity over the next decade. Other financial players have also been buying the commodity in a bet that its price will rise. Yellow Cake Plc, a vehicle listed in London in 2018, holds around 16m pounds of uranium. “This has been a key driver of the 30 per cent increase in the price of the metal in 2021,” Nick Lawson, chief executive at brokerage Ocean Wall, said. Demand for uranium is expected to climb from around 162m pounds this year to 206m pounds in 2030 — and even further to 292m pounds in 2040 — according to the World Nuclear Association, largely driven by increased power generation in China as Beijing seeks to cut emissions. At the same time, the supply of uranium is set to fall 15 per cent by 2025 and by 50 per cent by 2030 due to a lack of investment in new mines. “Financial players are clearly accelerating price discovery, but this would not be occurring if there was not a fundamental and substantial deficit,” analysts at Canaccord Genuity said. Fumio Kishida, a leading contender to become the country’s next prime minister, said restarting nuclear power plants was necessary to achieve the country’s net zero goals. Nuclear power was shut down in Japan after the Fukushima Daiichi disaster in 2011 and has only slowly been restored. Currently listed on the Toronto Stock Exchange, the Sprott uranium trust is also looking to list on the New York Stock Exchange next year, which could spur further purchases, according to Canaccord. If investors keep buying uranium, analysts expect utility companies will come under pressure to replace long-term supply agreements before they expire. At the moment, long-term contracts cover 98 per cent of the uranium needed by US utility companies. But that figure drops to 84 per cent next year, and 55 per cent by 2025, according to Yellow Cake. “There are now no meaningful volumes available,” said Nick Clarke, founder at Curzon Uranium. “Utilities will be forced to re-evaluate their procurement strategies.”
7kiwi: To answer the earlier question, today's AGM authorised the use of the surplus cash to buy more Uranium. Heaven knows why the previous paperwork didn't give that authority. See Resolution 13. hTtps://
bmcb5: bmcb525 Feb '21 - 19:49 - 456 of 626 Edit I’ve subscribed for 400. Happy to see them buying more of the yellow stuff -------------------------------------------------------------------------- I've only just realised that I never actually received those shares in my account. Turns out that I forgot to update my details at PrimaryBid, so they sent the shares to an old Selftrade account that I thought I had closed. Sefltrade accounts then got moved to Interactive Investor. I guess I must have been sent some II account details at some point. Time to dig through old email accounts...
7kiwi: Jwilkes, It's fairly easy to replicate the reckoner they put in their investor presentation. Just update with the spot price and £:$ rate.
hillock1: Thanks 7kiwi for the reply. I just have the feeling that Yellowcake is in a awkward position, as a) SPUT is a more popular and arguably, effective tools for investors to get exposure on Uranium, as much higher liquidity and listed in US and Canada (will move from US OTC to NYSE, if approved); b) more aggressive policy of acquiring spot (although I don't know when SPUT growing bigger and bigger, SPUT can't find enough spot sellers). c) SPUT is more transparent of daily reporting on their website, twitter and others. That said, having a contract with KAP is a plus to secure the Uranium.
return_of_the_apeman: Perhaps a bit of caution around miners is currently warranted (though I am not seeing any out there) as valuations for uranium miners are getting ahead of themselves in anticipation of spot being $50-$60, may be a bumpy ride for them I am expecting that savvy uranium investors will at some point re-balance from miners to physical when they believe miners are finally too frothy and we may find miners falling while spot continues to rise Most of this will be into sput, however better value is likely to be available here Currently Sput trading at a 11.39% premium to nav, YCA only at nav We shall see
jonwig: @ GoodGrief - "London Stock Exchange own PrimaryBid." Can you provide evidence for this? Companies House filings state that there is no significant control (ie. 25%+). LSE announced on 26/10/20 that: London Stock Exchange Group (LSEG) announces today that it has made a minority investment in PrimaryBid, a technology platform which connects retail investors with listed companies raising capital. The investment was made as part of PrimaryBid’s $50m Series B funding round announced today and builds upon London Stock Exchange’s existing collaboration with PrimaryBid. As a result of the investment LSEG will hold a circa 9%* stake in PrimaryBid and Charlie Walker will join the Board as a non-Executive Director. PrimaryBid’s platform has enabled retail investors to participate in over 41 capital raisings by companies and investment funds on London Stock Exchange’s Main Market and AIM so far this year.
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