Updates

Yellow Cake

June 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Yellow Cake, the uranium investment holding group, has raised £25.9m in a placing at 215p a share, with £23.2m being used to purchase a further 1.175 million lbs uranium from Kazatomprom at a price of US$25.88 / lb. Following completion, it will own c. 9.62m lbs of uranium.Yellow Cake retains the option to purchase additional uranium of up to US$70m this year and US$100m each year for the subsequent eight years under its agreement with Kazatomprom.Separately, its first quarter update for period ended 31st March showed NAV per share was 224p (pre-placing).Yellow Cake cannily acquired its original purchases at US$21 / lb and then the price hit a high of around US$29. The latest purchase comes following a dip t ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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