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YU. Yu Group Plc

1,820.00
-20.00 (-1.09%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Yu Group Plc YU. London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-20.00 -1.09% 1,820.00 12:55:40
Open Price Low Price High Price Close Price Previous Close
1,810.00 1,805.00 1,832.50 1,820.00 1,840.00
more quote information »
Industry Sector
ELECTRICITY

Yu YU. Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
26/09/2023InterimGBP0.0323/11/202324/11/202320/12/2023
14/03/2023FinalGBP0.0301/06/202302/06/202320/06/2023

Top Dividend Posts

Top Posts
Posted at 23/5/2024 12:34 by aishah
Company will pay a final dividend of 37 pence (2022: 3 pence) in relation to the year ended 31 December 2023. The dividend will be payable on 20 June 2024 to all shareholders on the register on 31 May 2024 and the shares will go ex-dividend on 30 May 2024.
Posted at 18/5/2024 14:09 by daveboy19
Hi Sparky,
Yep - just 13 remaining now from 70 odd a few weeks back (one filled since last look, also some other vacancies non-specific).
So they will surely have the full squad they require up and running 100% for H2. I'm not sure if that was factored into the 100,000 target or could upgrade it. I'd suspect the latter on their under-promise over-deliver tactics previously...
Like they said, targeting 50% organic growth and 'significant' m/s growth they could easily surpass this with all the engineers in place. Where would that put the free cash by y/e...
*(Already cancelling prem acc £11.9M/special dividend and/or buybacks this year already intimated - £2 is £34M approximately and what they are intimating is being distributed). *
It's like you say, it could go insane at even 2-2.5% which is achievable with this expansion.
Not the sort of things that occur with a cautious CFO if you are just about to put out a set of s hite figures IMHO:-

'ยท Expect to deliver organic growth of c. 50% in FY24 despite lower commodity prices:

o £520m contracted revenue at end of 2023 for FY24 delivery (2022: £247m for FY23), plus strong bookings momentum and further non-contracted book.

o Board targets significant market-share growth (from current 1.4%)'.

* 'The Company's share premium account currently stands at approximately £11,908,911. As at 31 December 2023, the Company had
retained earnings of approximately £22,317,550. It is proposed that the Company's share premium account be cancelled (the "Capital
Reduction"). The proposed Capital Reduction is intended to increase retained earnings by an amount equal to the amount standing to
the credit of the Company's share premium account.
The purpose of the Capital Reduction is to create further distributable reserves in the Company to facilitate the future consideration of
payment of dividends (in cash or otherwise) to shareholders, where justified by the profits of the Company or to allow the redemption or
buy-back of the Company's shares (or other distributions to shareholders)'.
GLAGI.
Posted at 17/5/2024 11:17 by disc0dave46
SparkyYou have constantly slagged off folks for selling, you are a hypocrite.As I've posted, how can directors selling a significant proportion of their holdings be seen as okay, and "good for them", and not a negative sign?. Particularly when you've constantly spouted how undervalued this is and how it will hit £30 at H1, and recently you've said £60 at some point - so why would anyone sell at circa £17?. None of the directors needed to sell to meet tax obligations or a divorce settlement etc, if that was the reason it would have been stated in the RNS.IMO they are selling for very obvious reasons but as ever you don't see any bear points at all when it comes to your beloved YU.
Posted at 17/5/2024 10:06 by daveboy19
Year off to a flyer as we were told in black and white, fact + all those jobs getting filled in time for H2 also now a known fact.
Final dividend in 2023 was a 12 x increase, fact.
What will those jobs do to the cash profits/progressive dividend on top - unknown...
Roll on AGM/Divi 30/5 High court 3/7 extra £11.9M available.
£34M is £2 approx and they have over £100M known currently. No impact of the Shell deal being taken into account either from February.
Posted at 16/5/2024 11:05 by discopaul45
IMO disc0dave is a very frustrated individual who unfortunately is letting his inability to be successful in his investment strategy take over his entire life. That is what happens when you get bitter and twisted he needs to step back and take a good look at his life and finally come to terms what he posts will not change anything regarding YU.
Posted at 15/5/2024 18:08 by froggy5
Maybe they are not having a trading update as it will be the same time as the dividend period is closing. Therefore if it is fantastic the price will rise though the traders will sell into it having bagged their Dividend also...Just a thought!!!
Posted at 08/5/2024 18:31 by ihatemms
What’s different with Yu share price gyrations now and before is the change in prospective dividend from peanuts to substantial. Setting stop losses or simply selling shares will mean missing out on a substantial dividend which will only significantly increase each year as per the stated company policy. The ex -dividend date is 30th May. I’d be suprised if there’s not a rush to buy in before then.
Posted at 04/5/2024 18:41 by bookboy88
My understanding of a share premium account is that it's there to cover the expenses of equity raises or the issuance of stock options. Therefore, closing the account would be an indication that the management no longer foresees a need to raise capital by issuing more shares. Surely it's in the interests of the existing shareholders to see their dividend yield rise than their equity stakes be diluted?
Posted at 04/5/2024 10:45 by disc0dave46
Net cash £81.9m
Retained earnings £35m
Forecast dividend FY25 44p, £7.3m
SP Acc £11.9m, mmmm.
ROC £22m plus
Cash generation FY25?
Shell collateral?

On their listing to aim they did say they didn’t have sufficient distributable reserves and would cancel their share price account at some point. But now, with all that cash available to pay dividends?.
Posted at 04/5/2024 07:08 by equal shares
To help you out and to hopefully let you understand it better Disco why don't you look at the rules laid down in Company Law regarding dividend distribution? Any knowledgeable investor would be aware of them and would realise that the amount that can be distributed is limited by the size of the Distributable Reserves. Share Premium is not a Distributable Reserve. YU clearly intend to pay more sizeable dividends but a lack of Distributable Reserves has prevented them from doing so.High Court approval will enable this to happen. No cash is involved so despite all the "alleged" (your word - not mine. Do you doubt the work of the auditors? If so, and you can prove it sue the auditors) cash on the BS they are not "desperate" (your word again) for £11.9m cash. They have the cash. They just want to be able to give it away to the shareholders.

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