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Share Name Share Symbol Market Type Share ISIN Share Description
Yellow Cake Plc LSE:YCA London Ordinary Share JE00BF50RG45 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.62% 318.00 316.50 317.50 327.00 316.50 324.50 1,367,878 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 0.0 21.7 24.7 12.4 584

Yellow Cake Share Discussion Threads

Showing 726 to 749 of 925 messages
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
DateSubjectAuthorDiscuss
29/9/2021
20:41
I found this on money week. Its based on when the share price was 3.60. But it's decent information (apologies if this has already been shared) The safest way to play uranium right now is through betting on the spot price of the metal itself – it's less racy, but your risk is lower. London-listed Yellowcake Plc (LSE: YCA) has been set up with this purpose in mind. It is, basically, a uranium holding company – you buy the shares and hope that the value of its uranium stockpiles increases.It is currently trading at £3.60 which gives it a market cap around $550m. It has 13,855,601 pounds of uranium. At $45/lb that's $624m, plus another $90m in cash and assets, so $714m. At a $1.36 exchange rate that gives us a net asset value (NAV) of around £455m. So it's trading at a premium.There are times when it trades at a discount, so personally, I'd wait. But the downside of Yellowcake is considerably less that of a miner, so maybe, if you don't own any, it's worth a nibble.You want to own some uranium in your portfolio; nuclear's potential is enormous. But I've seen what happens with uranium stocks – fortune favours the patient.
weaverbeever
28/9/2021
09:18
New YCA investor pres out: htTps://www.yellowcakeplc.com/wp-content/uploads/2021/09/Yellow_Cake_Investor_Presentation%20_September_Final.pdf In August, SPUT in its own bought more than the entire spot market volume in July.
7kiwi
25/9/2021
09:54
I have just been referring to old notes and trying to think through some factual context to the Sprott buying spree. According to YCA in 2020 the total spot market volume for the year was 92.2M pounds. Assuming a 260 trading day year, that is an average daily volume of about 350,000 lbs. According to Brandon Munro (Bannerman), the average daily volume on the spot market between 1 April and 31 July 2021 was about 250,000 lbs. That's 84 trading days and circa 21 million pounds in total. Going by @theAlexW data, over 25 days Sprott bought an average of 412,489 pounds per day for a total of 10.3M pounds. Even if Sprott bought nothing more until the end of the year (another 67 trading days), in their 25 day spending spree, they would still have gobbled up an average of >110K pounds per day which is a third of the total daily spot market in 2020 and nearly a half of Brandon Munros 2021 daily spot numbers. Investor/speculator momentum has burst for now and I think we have to wait for a new catalyst i.e. a new wave of capital chasing a cyclical and/or seasonal move. Such frantic surges followed by silence on a thin market will create volatility though.
bpdon
24/9/2021
22:03
Bpdon, I was just going to say similar, but you beat me to it. I make the premium 2.4% with spot at $45 as per Numerco. Bit the BAP is $43.63, which would take it to a discount
7kiwi
24/9/2021
18:14
According to numerco spot has now drifted to $45 unfortunately. So the YCA discount is currently nearer 3%.
bpdon
24/9/2021
16:07
rota, Yes, that's the inconsistency in the Cannacord report. $80/lb would equate to c. £6 NAV for YCA, but their target is £5.05. Go figure. I think their target is based on their long term price of $65.
7kiwi
24/9/2021
16:04
Discount closed a bit, but the share price has fallen along with the U price.
7kiwi
23/9/2021
18:15
That would put a target of 600p here by xmas
return_of_the_apeman
23/9/2021
13:19
New Cannacord report into the Uranium sector. Forecasts price spike to $80/lb in 4Q21 and long term $65/lb. Lots of miner upgrades too. hTtps://app.box.com/s/hmbq2ix7cwurujk6up72wwh2zjjh2tda
7kiwi
23/9/2021
10:13
HTtps://youtu.be/9KaYj92Ew3c At yesterdays lower run rate of 200Klbs purchased by sprott, they will eat up %40 of all globally produced uranium per annum. Sod all new supply will be available until 2023. If they can maintain an average of 400Klbs it's %80
return_of_the_apeman
22/9/2021
15:06
Spot #uranium 4975/5025 USc/Lb #U3O8 (Delivery at CMO , Unch) CMO = CVD 0c/Lb, CMO = CMX 0c/Lb See [...] I guess sprott will buy just enough so as not to move the spot price up too much so they can maintain a premium, so cash will build there kind of like a coiled spring 🤷‍a92;️
return_of_the_apeman
22/9/2021
13:17
In the last cycle the miners consolodated around this spot price then rose sharply when spot was around $70 The 100-150 quote came from the twitterati, sorry should have checked it first
return_of_the_apeman
22/9/2021
13:17
It IS trading at a discount.
this tea tastes of chicken
22/9/2021
10:20
bpdon, Yes, I watched that last night. I too didn't hear him talk about selling into spot. Quite the opposite actually.
7kiwi
22/9/2021
10:12
Grant Isaac from Cameco has been quoted a lot since this session on Monday (recording expires on 27th): hTTps://www.cameco.com/invest/events-presentations/canaccord-genuity-presentation I didn't hear any reference to selling at spot $100-$150 but I thought he sounded very positive about Sprott and general market conditions. "Long term contracting begets long term contracting". In other words, once some utilities start their contracting cycle, the rest will wake up and start queuing at the door. Regarding Sprott: it was inevitable that the initial ramp has faded. I imagine we will see a bit of chop for some days/weeks. It will be interesting to see if they can keep squeezing enough premiums out during this consolidation to allow them to buy enough to hold the spot market steady.
bpdon
22/9/2021
08:46
rota, Where's that Cameco quote? They have very few (if any) spare pounds until MR comes back on line.
7kiwi
22/9/2021
07:19
Sprott is currently trading at a premium, has $8.2M on hand to purchase with today and $875M left to go in this current ATM Cameco said yesterday that it would cash in some lbs into the spot market when spot in the range $100 -$150
return_of_the_apeman
21/9/2021
21:10
Https://www.bnnbloomberg.ca/top-u-s-energy-official-sees-unusual-partnerships-for-nuclear-1.1655103.amp.html?__twitter_impression=true USA to work with China on new reactors?
return_of_the_apeman
21/9/2021
20:53
HTtps://tass.com/economy/1340313/amp?__twitter_impression=true Russia to commission 15 new nuclear power units
return_of_the_apeman
21/9/2021
10:21
HTtps://www.kitco.com/news/2021-09-20/Uranium-demand-will-double-in-10-years-here-s-why.html
return_of_the_apeman
21/9/2021
10:11
HTtps://www.mirror.co.uk/news/politics/union-chiefs-call-ministers-come-25012346.amp?__twitter_impression=true
return_of_the_apeman
21/9/2021
08:10
Anyone who wants another fast riser ahead. Look at JKX. Produces natural gas which is the hottest commodity about… after uranium of course :) Earns $700 per 1000m3 gas, the sold 120m in h1. Will be nearer to $90m net cash end of q4 (has no debt) and current market cap only £75m. Really starting to re-rate anyway
jwilkes1
21/9/2021
08:07
Some common sense coming through in the share price at $50, should be nearer to £3.80 then
jwilkes1
21/9/2021
07:54
FT yesterday (highlights): The head of Sprott Asset Management has hit back at suggestions that its aggressive buying of uranium could corner the market for the nuclear fuel and spark regulatory interest. In an interview with the Financial Times, Sprott chief executive John Ciampaglia said the physical uranium trust that Sprott launched in August would help rebalance the 180m-lb-a-year uranium market — driving prices to a level that spurred greater production of the radioactive material. Sprott’s stockpiling has raised concerns that the trust may come to dominate the physical uranium market. Such a scenario could in turn draw regulatory scrutiny in the US and Europe because of the strategic importance of uranium to the military and to electricity generation. “Sprott could single-handedly remove all supply, thereby preventing it from reaching the hands of nuclear utilities,” said Nick Lawson, chief executive of Ocean Wall, a London-based advisory firm. Ciampaglia said he did not think it possible for the trust to monopolise the market. He pointed to an abundance of mothballed uranium mines, including Cameco’s McArthur River, which were likely to be revived with higher prices. “The question is what’s the price that gets it out of the ground,” Ciampaglia said. Industry experts say a price of about $60 a pound will be required to stimulate supply and meet long-term demand for uranium. “It needs to remain at that price or higher for quite some time,” said Harris Kupperman, founder of hedge fund Praetorian Capital. “You need utilities willing to contract for years before a bank is willing to finance a mine coming back on line.” Asked if Sprott would seek to sell any of its uranium hoard, Ciampaglia said that this was impossible due to the structure of the trust. “We buy uranium and we store it and the trust operates in perpetuity. We don’t make any market calls,” he said. “We don’t say ‘oh my gosh the price of uranium has doubled so we are going to sell it and make a big profit and give everybody their money back’.” https://www.ft.com/content/381fc11b-5cc1-499e-b580-d046aa91d04c
jonwig
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
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