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Yellow Cake posts quarterly NAV update, sees positive developments in uranium market

Overall net assets amounted to US$243mln at the end of June

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Yellow Cake purchased more uranium during the last quarter

Yellow Cake PLC (LON:YCA) has reported a net asset value of 218p per share as at 30 June 2019.

The valuation is derived primarily from a holding of 9.2mln pounds of physical uranium, worth US$24.70 at prevailing spot prices, but acquired at an average price of US$21.8 per pound.

WATCH: Price pullback gives Yellow Cake good opportunity to acquire additional uranium

The total portfolio valuation rings in at US$243.7mln.

During the quarter to June the company was able to raise £25.9mln and use the proceeds to buy 1.175mln pounds of uranium from Kazatomprom.

The successful conclusion to a recent investigation in the US into the uranium market provides a positive context for the company’s operations going forward, said chief executive Andre Liebenberg.

 

Quick facts: Yellow Cake PLC

Price: 189.8 GBX

AIM:YCA
Market: AIM
Market Cap: £1.65 m
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