U And I Share Discussion Threads

[typo56] 12/5/2016 08:27

As a result of our positive performance and the strength of our Balance Sheet, the Board of U+I has recommended the payment of a final dividend of 3.5 pence per share, payable on 19th August 2016 to all shareholders on the register on 22nd July 2016. In addition to this, we will pay a supplemental dividend of 8.0 pence per share on 17th June 2016 to all shareholders on the register on 13th May 2016. This is the second supplemental dividend that we have declared in the last two financial years, taking the total dividends declared in respect of the financial year ended 29th February 2016 to 13.9 pence per share (2015: 13.9 pence per share), paid from the strong cash flow generated from our regeneration activities.

[typo56] 12/5/2016 08:24

The special is today!

When in doubt, read the company RNS.

[davr0s] 12/5/2016 08:18

Ah ok - advfn has the special xd as today which confused me

[typo56] 12/5/2016 08:14

Ex 8p special divi today
Ex 3.5p final divi 21 July
Total declared divis for y/e 2016 13.9p

[davr0s] 12/5/2016 08:13

Sorry 11.5p....

[davr0s] 12/5/2016 08:04

I've got this as a 14p divi today - is that others understanding as we are only down half of that at the open?

[westcountryboy] 11/5/2016 10:36

number of days from xd to register were shortened last year from 2 to 1, so (almost) all xds are now Thursdays

[skyship] 11/5/2016 10:04

XD - tomorrow - Thursday

[kev0856153] 11/5/2016 10:01

I thought it was wednesday but could be wrong

[davr0s] 11/5/2016 09:55

Sorry meant Thursday

[davr0s] 11/5/2016 09:46

I'm looking at advfn (has been known to be wrong!), plus Wednesday is a common xd day of the week too

[kev0856153] 11/5/2016 09:43

but they did not give an xd date, they gave the date you are on the register.

[davr0s] 11/5/2016 09:39

My understanding is that it goes xd first thing tomorrow

[kev0856153] 11/5/2016 09:31

Why is this not marked down 8p today. If you are on the register on 13th May you get the 8p special dividend. So if you sell today on the 11th May (T+2) you should get the 8p. no?

[skyship] 09/5/2016 11:21

At last - a brief moment of internet connection!

Yes, those director purchases were as speedsgh stated. I agree with MF however, a few will have bought in the 180s; and banked the turn on the Figures. I now expect them to move ahead again, absorbing the 8p Spec. Divi. as they do so.

IC summary at the end of a brief positive comment on the Finals, in which they refer to management confidence being reflected in the 8p Spec. Divi. and the sector-leading 7% Yield:

"U&I is set to create greater value from its portfolio and the dividend yield is not to be missed. However, the shares are trading at a discount of more than 30% to f/c NAV, so we're sticking with our long-standing buy tip."

[speedsgh] 05/5/2016 15:59

Weren't yesterday's director buys all part of options packages/share awards?

[stopaloss] 05/5/2016 14:55

If they bought at 195 they'd be making a quick loss.

See the Chief Exec topped up yesterday....

[mad foetus] 05/5/2016 09:53

I meant those who bought at 185-195 in the run up to results expecting a short term bounce have probably sold out for their quick profit and that longer term buying is now having an effect on the price (Ennismore, longer term holders and a smallish directors buy).

[strathroyal] 05/5/2016 09:45

mf - not sure how you work that out as the share hasn't gone ex-div yet so surely recent buyers are more likely to be buying the dividend.

[mad foetus] 05/5/2016 08:54

looks like those who bought for a post-result bounce have been cleared and longer term holders are buying in.

[speedsgh] 03/5/2016 20:19

Ennismore move above 4%...

Holding(s) in Company -

The majority of their holding is in the Ennismore European Smaller Companies Fund. The following is an excerpt from the fund's latest newsletter issued on 13/4 (although it is worth reading in its entirety) -

U & I Group – UK property developer (2.1% of NAV)
...We like that management’s long term incentives are based on NAV per share growth, although the full pay out at 12% growth per annum over four years is on the low side to us. We also like that the Deputy CEO owns over 2% of the shares.
The company’s net debt of circa GBP 215m implies a loan to value of around 45%. The average interest rate is currently 6% but we would expect this to move to below 5% over time. With a market capitalisation of GBP 230m, it trades at only
0.6 times book value, less than 10 times earnings and a healthy dividend yield of over 3%, all estimated for the year ending February 2016. This is far too cheap in our eyes, especially given the opportunities in public-private partnerships and the strong track record it has in this area. Putting the stock on 0.9 times book value, we see upside of over 90% in the shares over the next two years.

[eeza] 03/5/2016 16:20

ennismore increase by ~500k

[valhamos] 29/4/2016 18:09

I am thinking the increase in receivables arises out of the announcements in March about the Edgware Road and Deptford projects. Revenue and profit have been recognised in the year to 29 February 2016. For instance in the former announcement:

"U+I has exchanged contracts to sell the retail and restaurant space to two operators, Loon Fung and Royal China Group who will deliver a dynamic new retail concept centred around Oriental and Far Eastern retailers..."

But funds will not be normally be received until completion which I assume has now taken place.