Yu Group’s interim results highlight continued very strong growth in revenues (up 308% yoy), an expected decline in gross margin due to customer mix, a high rate of operating cash-flow conversion (93%), an interim dividend up 33% to 1.0p and increased expectations for the balance of this year and next. We like this business for its combination of growth with low capital intensity, which appears to be confirmed in this report. The shares look good value to us on a consensus prospective free cash- ....
19 Sep 2017
N+1 Singer - Yu Group - Strong interim results – expectations increased
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N+1 Singer - Yu Group - Strong interim results – expectations increased
Yu Group PLC (YU:LON) | 1,800 900 2.9% | Mkt Cap: 301.3m
- Published:
19 Sep 2017 -
Author:
Mark Gibbon -
Pages:
3
Yu Group’s interim results highlight continued very strong growth in revenues (up 308% yoy), an expected decline in gross margin due to customer mix, a high rate of operating cash-flow conversion (93%), an interim dividend up 33% to 1.0p and increased expectations for the balance of this year and next. We like this business for its combination of growth with low capital intensity, which appears to be confirmed in this report. The shares look good value to us on a consensus prospective free cash- ....