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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Uk Commercial Property Reit Limited | UKCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.72% | 70.00 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 69.00 | 69.00 | 72.90 | 70.00 | 69.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 12/2/2024 18:59 by topvest I thought it was odd that UKCM announced at 7am they were considering the bid with the RNS dated Friday. BBOX then came out with an RNS saying it was agreed. Peter Gray is dissenting as UKCM chair, but has been voted 4 to 1 against. UKCM still not put another RNS out, presumably because Peter doesn't want to put his name to it. Sounds like a bit of a boardroom bust-up and Peter Gray has thrown his toys out of the pram! Anyway, it's not a great deal, so you can see why he's not happy, particularly as he will be losing his job.UKCM was a good size UK diversified REIT and lowly geared. It always struggled though because of the Phoenix controlling stake. On balance, I am just about positive for the merger. I think UKCM lost a bit of investor respect taking on debt at the wrong time and entering into the dubious Hyatt hotel development at the wrong time. |
Posted at 10/2/2024 10:38 by dr biotech Didn't mention that in their investor meet yesterday (obviously they couldn't). Think it will be down to whether Phoenix being happy or not with the terms. |
Posted at 15/8/2023 14:44 by pavey ark Sold half my holding here two months ago but bought back today.....for 6% less and in time for the dividend.Not the sort of thing I usually do but the circumstances/figure Fairly compelling figures round UKCM but not favoured by some on here. Any investor knows that share prices can always go lower and asset values can always fall further....."you pays your money you takes your chance" 6.8% yield for such a well set up "prudently managed" company is fine by me. I suspect it is a management aim to get back to the 2020 pre covid dividend which would give a yield of 7.3% |
Posted at 11/3/2023 20:25 by giltedge1 Yes I agree looking back was a bit of mixed messages, suggested liquidating but no investor, appetite. I had just bought at 0.60 & liquidating at 0.90 seemed attractive at the time but no appetite amongst investors to force. So then had to hold, & wrote good value considering large discount & modern buildings etc. Todays update was more about long term performance, dismal compared to a General Investment Trust, which in the same period has tripled.23/9/2022 17:13 Hello Steve, Just rechecked June NAV 2022 announcement. It is happening now, if not mistaken!, Someone needs to get on the phone to Phoenix & directors' ASAP. In no ones interests to wallow at 50% discount, can you check for me. Share would jump to 90p if passed. see below. |
Posted at 01/2/2023 11:30 by nickrl 10% of property was EPC E 12mths ago so i will see what they report in the 22 report but they are pretty good shape in the short term.@specto they are stooges of Phoenix Life at the end of the day so don't want to answer to anyone else. Plenty of other reits have been evasive of my questions on investor meet or other online presentations. Mind you Sinclair came back to me personally when i raised an enquiry with PCA which was a master of spin. |
Posted at 10/10/2022 16:07 by spectoacc That's all true. However, I also can't see much panic/capitulation yet!Market will definitely look ahead, and any Fed pivot may save us. Powell seems to want to be the new Volcker tho, & until we've seen unemployment (US & here), will any of this end? The inflation is broad based. Ukraine/Russia - can't see it ending until next year at earliest, and when it does, do we start buying Russian gas again? Suspect higher prices are here for the foreseeable, albeit they do fall out of comparison after a year. Agree on $ investors - I think that insulates London at least, and probably helps elsewhere. A lot depends on whether you think this is the end of 14 years of ZIRP, or whether you think the can can be kicked further. I had 3% as the top for UK rates, until Truss/Kwarteng came along. Also whether you think inflation is becoming ingrained, or is temporary (I'm not saying "transitory" because honestly, who thought that?). |
Posted at 10/10/2022 16:01 by ppceh Yes valuations are driven by the forward curve but as we enter 2023 and recession, this should fall away. Property valuations will anticipate.There should be plenty of US and ME investors sitting on overvalued $’s and looking for a home. Plus the natural contrarian in me thinks that Ukraine/Putin/gas prices/inflation won’t be that bad. Market bottoms are when the last bull turns bear and right now I can’t see many bulls! |
Posted at 30/8/2022 09:28 by giltedge1 Only a small part of portfolio but, Disappointing that management (I think previous manager) bought cinemas in the first place, to any normal investor can see a declining sector. The only plus being Cineworld bondholders will keep trading as closing their doors will mean no business to sell or operate. I checked Cineworld accounts & positive earnings before interest payments, so I suspect will keep trading for next year at least. On to the positives fully let, mainly industrial with new £130 million, student/industrial assets (at fixed cost, so saved at least 10% on inflation pressures) coming on stream & increasing income. Assets mainly new with most EPC A,B,C so little to spend to bring up to new standard & easier to let as energy efficient. Sold off Birmingham office requiring investment. Income increasing & Board have new policy of special dividends NAV 112 & director bought in August at £0.78 so I would say good value at this level £0.71, I will add. |
Posted at 31/10/2019 12:01 by speedsgh Net Asset Value at 30 September 2019 - Net Asset Value NAV per share of 90.5p (30 June 2019: 93.2p), resulting in a NAV total return of -1.9% for the quarter with continued low net gearing of 17.0%*. Like-for-like portfolio capital value decreased by -2.1% with overall capital performance net of capital expenditure investment of -2.2%. This was driven by further valuation pressure in the retail sector and, in particular, the Company’s only shopping centre, which is in Swindon but has now been contracted for sale. This compares to a -0.7% fall in the MSCI IPD monthly index over the period. After the disposal of Manchester in the quarter, the portfolio is now valued at £1,419 million (30 June 2019: £1,459 million). The passing rent at 30 September 2019 was £66.2 million compared to an ERV of £80.2 million demonstrating the reversionary nature of the portfolio. In addition, over the last 12 months, 99% of the Company’s rent roll continues to be collected within 21 days. With close to a 50% exposure, the Company’s current, strategic overweight position to the industrial /logistics sector, with a bias towards urban stock and the south-east, continues to provide a positive contribution to returns and contains the majority of the Company’s reversionary potential. In the office sector, where the Company has a 16.5% exposure with approximately two thirds outside London, capital value has remained resilient whilst tenant leasing enquiries in the relatively small 7% vacancy have picked up over the quarter... Andrew Wilson, Chair of UKCM, commented: “Significant further progress has been made to the Company’s ongoing strategy of reducing its exposure to retail. The sale of two retail assets has further reduced the Company’s weighting to this sector which is already significantly below that of the benchmark. The portfolio also remains highly reversionary as evidenced by the leasing activity undertaken during the period which locked in some of the rental growth that we expect to be a key driver of future income and shareholder returns. I am also delighted that Chris Fry has accepted an invitation to join the Board from January next year. He brings with him a wealth of property expertise and experience which I am sure will be invaluable to the Company in the future.” Will Fulton, Lead Manager of UKCM at Aberdeen Standard Investments, said: “We took the opportunity to capitalise on good investor interest ahead of a potential lease break to sell our High Street retail asset in central Manchester. We were also pleased to make further progress towards reducing our exposure to retail after the period end, when we signed an agreement to sell The Parade in Swindon, our only remaining shopping centre, to an investor with a different return and risk profile. Around half of the portfolio is now weighted towards the industrial and logistics sector of which more than half is of an urban nature – a sub-sector where we continue to see strong interest and rental prospects. Looking ahead, we will continue to assess further opportunities to recycle capital through strategic disposals whilst making investments to grow the portfolio.” |
Posted at 19/8/2016 07:02 by dr biotech A decent write up in the telegraph. I didn't buy any of here on the dip but I did get more in SLI, I have enou I this sector now |
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