lse.co.uk /ShareChat.asp
Yellow Cake Plc Share Chat. Chat About YCA Shares - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary.
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lse.co.uk /ShareChat.asp
Yellow Cake Plc Share Chat. Chat About YCA Shares - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary.
Static Web Parser
A detailed analysis of YCA.L and Uranium spot price trends: https://www.youtube.com/watch?v=DNC0IRA5e-A
I port that then realise my personal diary isn't necessarily interesting to anyone. So, here's some uranium news instead:
https://www.bbc.co.uk/news/world-europe-63294697
Someone once told me the uranium used in reactors was specific to the reactor and that it takes a long time to 'tune' uranium for a specific reactor - I'm not so sure that's true if decisions like this can be made at such short notice.
"I port" should have read "I post". Anyways, the 10% discount is back and so am I.
I did a bit more reading regarding the German reactors.
https://www.ft.com/content/3f48c18f-0348-46b0-a082-3bf07e14e589
My expectation is that the three previously due for closure this year are kept online so long as the uranium in them doesn't need replacing, even if that is beyond mid-April 2023 which is the current plan.
You can watch him on Youtube - very informative.
Great research Sea thanks for the heads up.
The market is pretty skittish so for now we trade at a discount to NAV. Last time it was quoted at £4.71 though price is reducing a touch today. Market is scared and needs liquidity. LT this is a super strong hold.
Call me a pedant but... In today's RNS it says shares excluding those in treasury is 183,104,399 . Previous publications say 183,104,339 . Not sure if it's a typo - seems weird for it to change by a small amount - and it looks like a typo, repeating the wrong digit.
Looks like 183,104,399 is the correct figure and the other figures in documents such as
https://www.yellowcakeplc.com/wp-content/uploads/2022/09/Yellow-Cake-Investor-Presentation_September.pdf are just wrong.
I know it's a small mistake but I like the old saying: "Look after the pennies and the pounds will look after themselves".
Great research Sea thanks for the heads up.
The market is pretty skittish so for now we trade at a discount to NAV. Last time it was quoted at £4.71 though price is reducing a touch today. Market is scared and needs liquidity. LT this is a super strong hold.
Call me a pedant but... In today's RNS it says shares excluding those in treasury is 183,104,399 . Previous publications say 183,104,339 . Not sure if it's a typo - seems weird for it to change by a small amount - and it looks like a typo, repeating the wrong digit.
Hi All
Forgive me if this is a daft question but.... given that the SP is now within 1% (ish) of the Nett Asset Value is this generally a good time to get out and wait for it to retreat to 10% discount?
Thanks in advance MD66
if uranium spikes higher nav will too
This is a good question. Myself ive always traded YCA based on the Uranium price trend not the trend of YCA itself. Theoretically we should ALWAYS be at NAV. I think that the fact we are at NAV reflects that Uranium is at last in fashion with all the fund managers etc.... My hunch is that once we are at a significant premium to NAV this will be the sign that all the retail are in - look out for excess Uranium memes & youtube shilling - that will be a better time to sell based on NAV but I think we are still a long way off that.
I routinely traded the range over the recent times...that being, buying in at 15% to 20% discount to NAV and then selling as it approached below 5% NAV.
Lately we have stayed below 5% Nav with the range being 3% down to less than 1%- with uranium sitting at 50 and the contracting cycle getting every closer, it is possible that bar an outright market wide sell off, we won't see the 20% discount for some time.
Yellowcake is still an equity and at the mercy of the market and we are seeing the cable rate affect the NAV also, so that is also worth keeping an eye on.
Macro backdrop for yellowcake is supportive of the price and even with currency/spot movements, we are fairly well supported, at the current price - a market wide sell off should still see solid support maintained at £4 a share, if it gets that low -
as rogue points out uranium trend is key - as it is decoupled from the rest of the market and won't budge much, if at all, even if the rest of the market goes to hell in a hand cart.
Whenever I have taken profits here, I am usually far more worried about not having a position, than having one and seeing it drop, due to the uranium market fundamentals
I have re-entered again today, just before the close at 431, after trading the run from 431 to 442 yesterday.
>Myself ive always traded YCA based on the Uranium price trend not the trend of YCA itself.
Me too insomuch as I think the trend is upward, so am only ever long, rarely out and never short YCA.
I've been varying the amounts held very frequently - a year ago I was using a rough sliding scale between max holding @-10% to no holding at +10% - I've kinda retuned that though to trading over a -20% to 0 range.
There are two beliefs I have now that I didn't a year ago:
1) +ve NAV is capped. The management are keen to issue more shares when at a +ve NAV - and they are willing to issue them in a way that snaps the price back to NAV. I wish they'd offer the shares to existing shareholders, issue tradable purchase rights rather than just make them available them available to some bankers but that did happen in Oct '21 and the share price went from about +10% NAV to zero premium. I used this as a buying opportunity and remember posting that I was learning for everyone else's misfortune - I don't want to hold this share when it's at any premium.
2) -ve is uncapped. The management team are not willing to sell U3O8 assets to raise capital for a share buyback, or to issue dividends, to support the price. In the long run they have to get a plan together to sell the U3O8, even if it's never executed, otherwise it's a perpetual scheme where investors can only take out what other investors are putting in. And, as it can't really be perpetual as they have running costs this means they will eventually have to issue shares below NAV or sell assets in situation where buyers have the upper hand.
This is a good question. Myself ive always traded YCA based on the Uranium price trend not the trend of YCA itself. Theoretically we should ALWAYS be at NAV. I think that the fact we are at NAV reflects that Uranium is at last in fashion with all the fund managers etc.... My hunch is that once we are at a significant premium to NAV this will be the sign that all the retail are in - look out for excess Uranium memes & youtube shilling - that will be a better time to sell based on NAV but I think we are still a long way off that.
I routinely traded the range over the recent times...that being, buying in at 15% to 20% discount to NAV and then selling as it approached below 5% NAV.
Lately we have stayed below 5% Nav with the range being 3% down to less than 1%- with uranium sitting at 50 and the contracting cycle getting every closer, it is possible that bar an outright market wide sell off, we won't see the 20% discount for some time.
Yellowcake is still an equity and at the mercy of the market and we are seeing the cable rate affect the NAV also, so that is also worth keeping an eye on.
Macro backdrop for yellowcake is supportive of the price and even with currency/spot movements, we are fairly well supported, at the current price - a market wide sell off should still see solid support maintained at £4 a share, if it gets that low -
as rogue points out uranium trend is key - as it is decoupled from the rest of the market and won't budge much, if at all, even if the rest of the market goes to hell in a hand cart.
Whenever I have taken profits here, I am usually far more worried about not having a position, than having one and seeing it drop, due to the uranium market fundamentals
I have re-entered again today, just before the close at 431, after trading the run from 431 to 442 yesterday.
Virtual investor conference with andre - streamed 8th Nov 22
hTtps://www.youtube.com/watch?v=8861WIlEukQ