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 Shares Traded Last Trade
  3.50 1.3% 272.50 356,946 16:29:57
Bid Price Offer Price High Price Low Price Open Price
272.00 273.00 273.00 265.50 270.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 21.70 24.67 11.1 419
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:09 O 401 272.514 GBX

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Date Time Title Posts
06/7/202106:43Yellow Cake563

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Yellow Cake (YCA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-07-28 16:08:09272.514011,092.78O
2021-07-28 15:52:57272.341951.74O
2021-07-28 15:37:37272.501,1373,098.33AT
2021-07-28 15:37:37272.50331901.98AT
2021-07-28 15:35:11272.5022,72061,912.00UT
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Yellow Cake (YCA) Top Chat Posts

Yellow Cake Daily Update: Yellow Cake Plc is listed in the General Industrials sector of the London Stock Exchange with ticker YCA. The last closing price for Yellow Cake was 269p.
Yellow Cake Plc has a 4 week average price of 243p and a 12 week average price of 243p.
The 1 year high share price is 291p while the 1 year low share price is currently 183.80p.
There are currently 153,584,345 shares in issue and the average daily traded volume is 868,494 shares. The market capitalisation of Yellow Cake Plc is £418,517,340.13.
quepassa: Sector comparison. Geiger Counter was one of the top ten best performing UK listed Investment Trusts in the first half of this year. In a very respectable ninth position, Geiger has returned a great performance of 40.4% in the first six months of 2021. Many uranium mining/refining companies such as Cameco, Denison and Energy Fuels made six month returns of between 50-100%. Share prices peeked in mid-June and then retrenched on profit-taking by 10-20% but are again all on the upturn. Sector remains buoyant with likely more to come. ALL IMO. DYOR. QP
7kiwi: Interesting article on forecasting the price of Uranium. Not sure I agree with the conclusion though: they seem to think that the price will be relatively stable, totally different to historic price action. httPs://
jonwig: 7Kiwi - one answer is that YCA has a long-standing option agreement with KAP, so they are merely following that through. Second, whether the metal is stored at KAP or YCA doesn't matter, it's taken off the market. KAP gets cash (much needed) without increasing available supply, YCA incurs costs. A fair swap? When you say "they have read the same research we have read about the coming supply squeeze", I have some slight cynicism. The people talking loudest are those talking their own position. I've been in YCA (and KAP and GCL) for long enough to be a bit wary about some of the timescales quoted, and the size of the "inevitable" bounce.
troc1958: Kiwi ...thanks for the analysis. Very informative. I believe we will get the price surge before year end. Utilities are going to wake up and realise that if there is a delay in the pipeline for new uranium mines globally there will be a massive squeeze on resources when so many of the new reactors come on stream. I agree with Yellow Cake plc trying to get shareholder authority now to issue more shares and buy more uranium now rather than next year. The 30 dollar per pound price is ridiculously low. Break even for most potential new producers hoping to come on stream soon is probably double that price.Happy to hold here even though the share price is already discounting a higher uranium price, but nowhere near what it needs to be.Cheers Troc
leading: It would definitely make sense to line up the purchases ahead of raising the money. Presumably this would be done by negotiating a call option ahead of fund raising, but that might in itself disturb the price at which the material is available? I don’t think YCA had agreed terms in advance for its recent purchases which weren’t covered by the KAZ option,or at least I haven’t seen anything that said otherwise. Regarding the premium/discount argument we will just have to wait and see. If say U3O8 is priced at $30/lb now and the market expects this to move to $50/lb in a year, I don’t see why YCA or UPC should not trade at a premium to the current spot price. Perhaps I am not understanding something. Anyway, given that the spot market is not thought to be very deep, if UPC raise a lot of money and buy up all of the available uranium, the price will shoot up and we will all be happy whether in YCA or UPC.
leading: I have seen these comments about removal of a premium for UPC and YCA and whilst they come from a respected if excitable source (Bambrough, I think) they do puzzle me a bit. Firstly, I think that YCA should trade at a premium to UPC because of the KAZ purchase option. YCA agrees the purchase terms before raising the money. UPC has to raise the money, then see what it can purchase from sellers who know it is coming and will be pricing accordingly. I also do not see why the change to UPC's status will necessarily imply the removal of a premium or discount to NAV. I don't see why the price should not continue to reflect the overall animal spirits of the Uranium market. Perhaps the magnitude of the fluctuations above or below NAV may decrease somewhat if the mechanics of raising capital for UPC are eased, but I don't see why any premium should be eliminated? Maybe I do not understand what an ATM is properly? AFAICS it is a mechanism to issue shares on the market without requiring prior shareholder approval. YCA already has this (within limits) by virtue of a standing resolution renewed annually at the AGM. Also, YCA has just raised something like $140m without any noticeable difficulty or delay, so I am not sure what more it needs to do as regards its structure and access to capital. It seems to me that UPC has an inferior structure to YCA and it is now trying to catch up. Having done so, it will still be inferior as it doesn't have the KAZ purchase option. However, it will have the weight of the US market behind it, so it will inevitably become the big player in this space.
mm84: Does anyone know if YCA can get an ATM running? Once UPC gets US exposure as a Trust, it should become the investment vehicle for many and end its own and YCA's premium to NAV, thus preventing YCA from buying more uranium, right? Comments?
leading: The Framework Agreement with Kazatomprom is intriguing. YCA has an option to purchase up to US$ 100m of U3O8 at spot price in each calendar year to 2027 inclusive. At the current price of around $30 that is about 2.2% of the entire global production of U3O8 of about 150m lbs prior to Covid. Actual production in 2020 is likely to be around 120m lbs so its an even greater proportion of that. YCA would love to issue shares at a premium and buy more U3O8 (thereby tightening the market still further) and no doubt will do so in future. Not possible, well not acceptable to current shareholders at present, as the shares are trading at a frankly inexplicable discount to NAV. But what if there is a utility out there which is getting nervous about the depth of the spot market? They could underwrite YCA's exercise of its option and pay a commission to YCA on top to provide itself with security of supply. Remember that this option recurs annually through 2027. The option provides a great degree of "optionality" to YCA. I don't know how you would value it, but I would be surprised if the profits arising from the option as it is exercised over the next few years were not sufficient to cover the operating costs of the business through 2027.
3rd eye: Gosh dont know how you guys can stand this heat and post away like today. Its absoulutley scorching here. Anyway YELLOW CAKE (uranium) YCA, last reported NAV £2.77p per share market share price today £2.16p per share and big supply problems to hit the industry in the coming months.No problems with YCA SUPPLY. share price should rise considerably but you will have to be patient. Read the last YCA update below....... Ive taken a medium sized trade out.
livewireplus: AURA have recently signed a binding off-take agreement which obtains an average price of over $44 / lb albeit over 7 years - so let us see if we get a gentle but consistent rise in YCA share price if a further rise in Cake prices does indeed follow-on ...
Yellow Cake share price data is direct from the London Stock Exchange
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