Ucp Share Discussion Threads

[whibbled] 07/6/2013 14:37

RNS (Number 1)

RNS Number : 5564G
07 June 2013
UNITECH CORPORATE PARKS PLC

Holdings in Company

Unitech Corporate Parks Plc ("UCP") received notification on 7 June 2013 from Brookfield International Bank Inc, that it has acquired an additional 3,000,000 ordinary shares in UCP at 40p each. This brings its total holding to 59,955,005 ordinary shares which represents 16.65% of UCP's issued share capital.

[sailing john] 05/6/2013 14:39

W - thanks for posting

One can only guess at what might be happening!

SJ

[whibbled] 05/6/2013 10:42

AND A FURTHER SIX MILLION

'Late Reported' after hours on 4 June

31/05/2013 3,000,000 Buy @ 40p

31/05/2013 3,000,000 Buy @ 45p

Wot no RNS ?

[whibbled] 31/5/2013 18:39

INTERESTING BUY

Reported after the Close today

3 Million shares @ 40p !!

Timed at 16:42:03


Anybody on here 'just topping-up' today?

[cgequityinvest] 17/5/2013 16:35

puku - we are all waiting (or at least I am) to hear of a sale of the largest asset to Blackstone for $440m. That would certainly lift the NAV.

[puku] 16/5/2013 12:12

Interim pre tax profit was quoted as £17.8 m and NAV of 53p. Strong institutional interest. Seems remarkably cheap. Bought in at 37p and looking forward to Finals. Nice quiet board.

[whibbled] 01/5/2013 23:05

STRANGE RNS (NECTRUS)


RNS Number : 4525D
Unitech Corporate Parks Plc
29 April 2013

Investment Manager's Shareholding

Unitech Corporate Parks Plc ("UCP" or "the Company") has today received notification that on 26 April 2013 Nectrus Limited, the Company's Investment Manager, acquired 333,000 ordinary shares in UCP ("Ordinary Shares") at 36.12 pence per Ordinary Share. Following this transaction, Nectrus Limited is interested in 47,085,428 Ordinary Shares, representing 13.08% of UCP's issued share capital.
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Was this an 'off-market' purchase ?

NO shares were listed as purchased at 36.12p on 26 April 2013 !

[whibbled] 22/4/2013 21:33

RNS - SC Fundamental LLC....now a MAJOR Shareholder!


RNS Number : 9502C
22 April 2013
UNITECH CORPORATE PARKS PLC

Holdings in Company

Unitech Corporate Parks Plc ("UCP") has received notification on 22 April 2013

from SC Fundamental LLC, New York, that, together with affiliated parties, it

is interested in 49,298,924 ordinary shares in UCP, representing 13.69% of

UCP's issued share capital

___________________________________________________________________________


Previous History (17/11/2011) 21,786,597 shares = 6.05%

[whibbled] 19/3/2013 19:40

RNS Number : 3886A
Unitech Corporate Parks Plc
19 March 2013
UNITECH CORPORATE PARKS PLC

Investment Manager's Shareholding

Unitech Corporate Parks Plc ("UCP" or "the Company") has today received notification that on 15 March 2013 and 18 March 2013 Nectrus Limited, the Company's Investment Manager, acquired 670,000 ordinary shares and 2,670,737 ordinary shares in UCP ("Ordinary Shares") respectively at 35.00 pence per Ordinary Share. Following this transaction, Nectrus Limited is interested in 41,707,428 Ordinary Shares, representing 11.59% of UCP's issued share capital.

The Company has today been further notified that Fairway Advisory Services Limited ("Fairway") disposed of their entire holding of 2,670,737 Ordinary Shares at a price of 35.00 pence per Ordinary Share on 18 March 2013. As a result of this sale, Fairway ceases to have a holding in the Company's Ordinary Shares.

Fairway is jointly owned by Ajay Chandra (a director of UCP) and Sanjay Chandra (a director of Nectrus Limited), the Company's Investment Manager.

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Interesting move! Quick £195k profit for the Chandras?

I wonder what else is afoot.

[sailing john] 28/2/2013 11:16

Cracking find whibbled - thanks for sharing

I sense we might be on the move again very soon!!!

SJ

[whibbled] 28/2/2013 11:12

Blackstone Group LP seems to be betting big on the Indian commercial real estate space.



.

[sailing john] 27/2/2013 22:22

Whibbled
Thanks for posting and keeping the thread alive
I have to confess to being a sleeping investor
Just waiting for a take out!
SJ

[whibbled] 18/2/2013 19:42

Another snippet of News...................


08/02/2013

[horndean eagle] 14/2/2013 19:49

Thanks Whibbled. I had seen the reports on the potential sale of the single SEZ but hadn't seen it banded about that Unitech might look to shift their 40% share of the SEZ. Given how bullish sentiment is at present I wouldn't be surprised if a Singapore listing for the REIT doesn't come back into the reckoning. Yields of 11.5% start to look very attractive. I think cap rates will have come in since last valuation and on any sale would come in even more.

[whibbled] 14/2/2013 19:37

@ Horndean Eagle

Just for info'

The following appeared in the Indian press, dated after the article shown in your above link:-

13/12/2012






20/12/2012 Bidding War?

[horndean eagle] 14/2/2013 16:07

Not sure whether it had been flagged up previously or not but in early December a story was doing the rounds in India that Blackstone were in talks with Unitech to acquire their 40% holding in our assets. The valuation mooted in the transaction is at a big fat premium to where we are currently trading. I imagine Blackrock would be keen to take on the whole lot and so wouldn't be surprised if an offer for UCP wouldn't be far behind if the above transaction acme to fruition.



Word of caution though we have had a lot of stories over in India that never came to anything but we know BlackRock are keen for assets in India so a transaction in one form or another wouldn't be a huge surprise. If it comes off then ISH will start to look very attractive given its discount to NAV and stated aim of liquidating assets and returning cash.

[horndean eagle] 20/12/2012 20:43

ISH portfolio very well advanced compared to UCP. Not sure about valuation methodology but don't imagine it would be too different. 8.7m sq feet of space either let or agreed to be let out of 11.7m either constructed or under construction. 6m of square feet is left to develop yet but they have a couple of projects that are almost complete and another which is 90% either complete or under construction. These assets are the ones that will appeal to the likes of Blackstone.

[scburbs] 20/12/2012 16:03

HE,

Do they use the same valuation methodology? UCP took a massive hit at the time that Unitech were trying to take them over on the cheap (coincidence I am sure!).

"A new methodology was also used which now values partially constructed developments and undeveloped land on the basis of comparable land values plus cost of construction to date."

They moved to a cost based approach supported by land values whilst I suspect is rather more prudent than some form of NPV approach (if that is what ISH use?). Unless ISH use the same valuation methodology a comparison is very difficult.

I have taken profits on UCP having been lucky enough to be buying at 21p.

[horndean eagle] 20/12/2012 11:03

Anyone looked at ISH. Looking to sell off assets and return cash. On a larger discount to NAV than UCP yet they are much further advanced in both leasing and developing their projects. Hold both but think ISH looks far more attractive at current levels.

[whibbled] 20/12/2012 10:12

Bidding 'war' for Gurgaon?




.

[whibbled] 19/12/2012 19:50

Five million shares bought today at 37-38p

Expect RNS tomorrow?

[vlain] 19/12/2012 14:46

What's happening? Price rising and very little post, if any! Is N buying?