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
  2.80 0.86% 327.80 1,521,583 16:35:01
Bid Price Offer Price High Price Low Price Open Price
329.60 331.20 337.40 324.60 330.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 21.70 24.67 11.7 602
Last Trade Time Trade Type Trade Size Trade Price Currency
17:56:42 O 19,151 331.112 GBX

Yellow Cake (YCA) Latest News (3)

More Yellow Cake News
Yellow Cake Investors    Yellow Cake Takeover Rumours

Yellow Cake (YCA) Discussions and Chat

Yellow Cake Forums and Chat

Date Time Title Posts
02/7/202208:22Yellow Cake1,300

Add a New Thread

Yellow Cake (YCA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-01 16:56:51331.1119,15163,411.26O
2022-07-01 16:53:21327.805,57018,258.46O
2022-07-01 16:41:06332.989,57131,869.42O
View all Yellow Cake trades in real-time

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 325p.
Yellow Cake Plc has a 4 week average price of 314p and a 12 week average price of 314p.
The 1 year high share price is 486.80p while the 1 year low share price is currently 243p.
There are currently 183,671,232 shares in issue and the average daily traded volume is 966,663 shares. The market capitalisation of Yellow Cake Plc is £602,074,298.50.
bountyhunter: Good news - Kazatomprom delivered 950,000 LB of U(3) O(8) on time to the Cameco storage facility in Canada yesterday. Yellow Cake currently holds 18,805,601 lb of U(3) O(8) in storage in Canada and France. NAV now £4.33, share price just £3.26!
7kiwi: Yes, good news of sorts yupa. Another tick on the ratchet of tightening supply. I can't quite believe the YCA share price falling in the face of a rising U3O8 price. I am not quite sure what it will take to cause a reversal, but surely some institutions are going to find the opportunity to good to resist soon.
sammyvdd: New to this board. Could anyone tell if (and where) I can find recent NAV values and share price discounts to NAV of YCA, please ? Any chart available showing the history ? Thanks
7kiwi: Thomas, YCA is a play on U3O8. The developers and miners are geared plays on the price of U3O8. So in an upswing the miners out-perform, and conversely in a downswing, they drop faster. However, it is odd that SPUT is trading at a premium to NAV now and YCA is still languishing at a persistent discount. It's almost like someone doesn't want YCA to take up its $100m option with KAP and further exacerbate the supply deficit.
7kiwi: Mr N. Allow me to try and answer your questions. 1) The US does not import U3O8 from Russia (or only very little). It imports both UF6 (after conversion) and enriched Uranium for fuel rods. There is talk of the US banning the import of Russian product and banning the export of U3O8 to Russia for conversion. Separately, there is talk in Russia of banning the export of Uranium products to "unfriendly" countries like US/Europe. 2) There is no talk of the US banning Uranium imports from Kazakhstan. However, the main route of Kazakh material to the west is through St. Petersburg. Even though that route is not yet formally sanctioned, the risk of sanctions and lack of ships willing to go to Russia is effectively blocking exports by that route (see Cameco announcement last week). They do have another route across the Caspian and Black Sea, avoiding Russian territory. They say they have used it before. However, practically speaking, it's difficult to get marine insurance for ships on the Black Sea at the moment, so that route is effectively blocked as well, probably until the Ukraine war ends. KAP already exports material to China, indeed it is a big customer. CGNC owns a stake in its Ortalyk mine. Plus, KAP is working on a massive stockpile/trading hub on the border with China. However, exports to the West through China have not been tried, and my understanding is that it would be difficult to obtain licenses to export from China. So, practically speaking, exports to the west from Kazakhstan look "difficult" at the moment. The first sign we have seen is that Cameco have delayed a shipment from its Inkai JV. KAP have not so far admitted any difficulties. 3) YCA has obtained most of its material from KAP. However, last year it did buy some from a Chinese trading company. 4) Whilst it would be good if YCA can keep adding material from KAP, or indeed anyone else, it isn't necessary. As others have said, it's effectively an investment trust and its pounds of U3O8 are stockpiled. The share price fluctuates around the NAV according to market sentiment. I did ask the IR people the other day about whether there are any risks that the ~3m lbs of U3O8 YCA is due to receive over the next couple of months will not arrive. I also asked whether the material they are due to receive was already in a safe country, just awaiting title transfer. The response I got just referred me to prior RNSs and didn't really answer my questions. So, my interpretation is that there is a risk that they aren't yet ready to disclose to the market. However, the impact is relatively small. Essentially, the NAV will be reduced by a small amount. They contracted the most recent purchases at ~$42/lb from memory. Spot now around $50. So, we would "lose" the appreciation in the U3O8 price on those 3m lbs. 3m * $8/lb difference = $24m reduction in NAV or ~2.5%. Plus they retain cash to buyback more shares or enter into deals with other parties.
kinbasket: Mr N, YCA is not a trading company and doesn't need to buy or sell Uranium. YCA stockpiles U so investors can effectively own the commodity by owning the shares. More like an ETC. However, If there is no more U available to buy, it doesn't matter. They don't need to issue more shares to raise more money and could use spare cash to buy back shares. Or just sit on what they have. There is also no reason to sell any. It's not an ETF needing to provide cash for redemptions. It functions like an Investment trust. If an investor wants to sell, they sell their shares in the market. The underlying is unaffected. The market price of YCA shares is set by the markets opinion of where the price of U is going and the balance of buyers and sellers. Currently the market is puking up an opportunity if you think the price of U will be higher in the future. Whats happening in Kaz, Russia, the US or anywhere else is of no relevance beyond its ability to effect the price of U and therefore the value of our stockpile.
mrnumpty: Forgive me a stupid question regarding the fall in the share price , which seems irrational given that the price of U308 seems to be holding up ( $ 56.70 at the moment ) . If the US bans the import of Uranium from Kazakhstan , then obviously that significantly reduces the already limited sources from which the West can obtain Uranium . As Yellow Cake’s supply of it is already safely stored in the West ( France and Canada ) , then surely the value of the Company’s existing stocks must increase . Presumably the share price of Yellow Cake has fallen because of concerns about sourcing new supplies from alternative territories if Kazakhstan is to be locked out . So , does anyone know how easy it will be for Yellow Cake to obtain supplies from alternative territories such as Australia . Otherwise we’ve only got our existing stock to sell .
7kiwi: alpal, Right now, I think there's a discount of around 6.3%. share price 437p, NAV 466p (based on Numerco mid-price of 58.62/lb on Friday and GBPUSD of 1.311). But you're right, the buyback only kicks in if share price more than 10% below NAV. However, the buyback programme fulfils a number of objectives: 1. Highlights the persistent discount, and indicates to investors there's a bargain to be had. 2. Gives a statement of intent that big discounts will not be tolerated. 3. Puts a floor on the share price
7kiwi: LM, YCA should follow the spot price of Uranium, give or take. The Uranium market is in structural deficit, in that annual demand from reactors is 180-200m lbs. Annual primary production this year is going to be around 130m lbs. There has been a deficit for about the past three years. The balance is made up from stockpiled inventories, MOx reprocessing and underfeeding. Even so, there is still going to be a deficit this year. And the demand number above doesn't include "financial demand" from YCA, SPUT and the junior miners. The "underfeeding" of enrichment centrifuges is likely to come to an end soon, particularly in the West. This is because around 60% on global enrichment capacity is in Russia and it is in the process of being sanctioned either by the US, Russia itself or "self-sanctioning by the utilities. It may even switch to overfeeding, resulting in even higher demand for Uranium. This makes a very compelling case for the Uranium price to rise dramatically. As you can see from the charts above the Uranium price went from ~$9 to ~$140 in t he last bull market. Arguably the bull set up is even stronger this time around. I wouldn't be surprised if spot Uranium went to $200/lb or more in the next 12-18 months (maybe quicker). $200/lb would give a NAV approaching £16/share for YCA, depending on what happens to the GBPUSD rate. So, in short, in the fullness of time, I think it's going up. Up by a long way.
bpdon: With the stronger dollar, U spot price rising slightly, and the YCA share price drifting..... I calculate we are finally back to a very small discount. Good to see the froth and the excessive premium from mid October worked off.
Yellow Cake share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Yellow Cak..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220702 16:30:23