Added to YB: 2026-09-09
Pitch date: 2026-09-07
YCA.L [bullish]
Yellow Cake plc
+4.31%
current return
Author Info
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Company Info
Yellow Cake plc operates in the uranium sector. The company purchases and holds uranium oxide concentrates, and commercial opportunities.
Market Cap
GBP 1.9B
Pitch Price
GBP 5.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
4.23
EV/Sales
4.08
Sector
Oil, Gas and Consumable Fuels
Category
value
The Two-Employee Company Hiding $2 Billion in Physical Uranium - Yellow Cake plc
YCA.L: Yellow Cake offers physical uranium exposure at roughly 87 cents on the dollar: shares at £5.70 trade about 13% below NAV, while its 24.37M pounds of U3O8 cost $37.20 per pound versus $89.50 spot. The debt-free company has two employees; last year’s total costs were about 0.6% of NAV, and management buys back discounted shares. One remaining Kazatomprom option permits up to $100M of U3O8 at a price fixed before announcement; key risks include uranium-price exposure, uninsured storage, a persistent NAV discount and the framework’s 2027 expiry.
Read full article (6 min)