Share Name Share Symbol Market Type Share ISIN Share Description
UIL Limited LSE:UTL London Ordinary Share BMG917071026 ORD 10P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.25p -1.41% 157.25p 153.50p 161.00p 158.50p 157.25p 158.50p 13,690.00 09:59:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.5 5.9 6.2 25.2 141.99

UIL Limited Share Discussion Threads

Showing 701 to 724 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
20/3/2017
09:08
Indeed, I had been following the AUG thread for a while and people complained about the free-float: Post 2128. http://uk.advfn.com/cmn/fbb/thread.php3?id=7314905&from=2128 "Liquidity is a problem with circa 83% of shares owned by 5 institutions according to Digital Look, some appear to reduce after a decent rise which we had a while ago up to 66p." The UTL earlier sale, followed by the full exit, must have released circa 20% of the AUG shares. Now if GPLPF, which owns 62+% of UIL Ltd dumped a lot of that on the market, it would be nasty in the short-term, but likely far heathier in the long one.
vacendak
17/3/2017
19:39
Interesting to see that AUG.L has been flying almost as soon as UTL sold out its stake.
riskvsreward
15/3/2017
13:04
The February factsheet for UIL Ltd is up: Http://www.uil.limited/files/9914/8950/7424/UIL_Factsheet_February_2017.pdf No change in the top 10. Resolute still at the top. The reporting mood was positive. It corresponds to the share price of 167p that we saw at the end of February. They mention the forthcoming merger between AFY and TCH and the premium offered to TCH shareholders (us to a point). Debt values unchanged beyond the accretion of the ZDPs, the extra £25m facility is still fully drawn. The higher NAV (again peaked at the end of last month) led to a slightly reduced gearing. The exit from Augean should be reported on the next factsheet. More or less the same text in the introductory paragraph for the UEM February factsheet: Http://www.uem.limited/files/3214/8950/6182/UEM_Factsheet_February_2017.pdf More optimistic results there. They bought back and cancelled more or less the same amount that they got in UEMS being exercised late February. UEM has been climbing slowly but nicely since early March. I have exercised a few of my UEMS for a nice uplift at conversion. I now own UEM directly as well as indirectly via UTL and FRCL. :)
vacendak
14/3/2017
12:43
Zeta has just released its February factsheet: Http://zetaresources.limited/files/2814/8900/3759/2017.02_ZER_February_Fact_Sheet.pdf Panoramic is now the top dog. Good increase in NTA/NAV, share price up as well on a month-to-month basis. Nickel has inched above Gold in the sectoral split: Oil&Gas/Nickel/Gold and Copper a distant fourth. ICM should therefore update the factsheets for UTL and UEM soon.
vacendak
14/3/2017
09:28
@Morton Will add Assetco to my search list when looking for portfolio news when I am bored. :)
vacendak
13/3/2017
14:49
One for vacendak Idly wondered about Assetco which UIL bought into a few years. It is still a large holding for UIL who own around 20% according to Assetco accounts, I think we looked at it years ago! Its 'worth' around £ 8 million so just under the top 10. Share price is based on whether Assetco can win their claim against Grant Thornton - not sure if this helps or not: Http://www.telegraph.co.uk/business/2017/01/25/former-assetco-directors-rapped-financial-conduct/ and also the fact they are 'out of contract' but still working in UAE so big risk they might lose work there. Another 75% of the shares owned by Harwood (North Atlantic) and Henderson so little liquidity and its all going to turn on the Grant Thornton claim. Had a quick look at GT accounts and they have little in the way of provisions for this and some other big claims against them so presumably confident they win or its a small settlement. Conclude that current share price for Assetco too high and probably being supported by the lack of any liquidity.
morton2011
10/3/2017
21:26
@Morton2011 Yeah. I thought it would also have been a block trade of some sort. I must admit I did not bother to check on it, hence defaulted to the value at close. I was just surprised to read about exiting in one big dump after all those years. AUG, ironically a bit like UTL, has/had a good story but it never really picked-up. AUG was no longer part of the strategy: Not gold, not resources, not finance and not FinTech. Next big event should be the merger of TCH and AFY. There was also an AGM for PCF (Private & Commercial Finance) earlier today. No reaction on the share price Something Somers holds I think.
vacendak
10/3/2017
20:32
vacendak : Adfvn have historic prices and the prices quoted for the millions of shares sold was 47 pence on 9 March for Augean. So around £ 1 million less possibly. They bought a lot of the shares in 2010 at around the prices they sold for. Worth a punt but seems a good time to get out.
morton2011
10/3/2017
19:51
We have fully exited Augean (LSE:AUG). http://uk.advfn.com/stock-market/london/uil-limited-UTL/share-news/Augean-Plc-Significant-shareholding/74068047 Yesterday's close for AUG was 52.50p. The deal happened on March 9th. The 16,371,942 UIL Ltd held must have been sold for around £8.6m (assuming mid-price at close). That should help with the overdraft.
vacendak
10/3/2017
14:43
NZO outlined more details on the proposed capital distribution which will allow Zeta to repay UIL and UIL its £ 25 million loan as per various RNS Https://www.nzx.com/companies/NZO/announcements/298115 Resolute has driven the NAV down despite good reading results. Not sure on reinvestment myself - might wait to see they do repay the loan and start to bring the debt down and try to narrow the discount or increase the dividend. Otherwise plenty of other places to try and get 5% approx yield UIL offering. I noticed in the recent UIL results how UIL and ICM like to measure performance using the NAV, seems pointless to do so unless there is a way for them to close the discount. Any new shareholder is only going to look at the share price price growth potential and income yield. The discount to NAV which moves around 35 - 55% and large spreads put many off. Its not a reason to sell more posting it as a comment for new investors.
morton2011
09/3/2017
09:39
UTL going ex-dividend today. That might explain the drop at opening. Then again, UTL has opened at -3/-4 for the past couple of days before dropping by only a fraction or so by close. We have not seen any fireworks with the share price for a while now, so I shall just reinvest and hold as usual... [edit] And another drop in the NAV to 281.54p. Oh well...
vacendak
01/3/2017
14:46
More updates from ICM. They are usually quiet for months on end, but very verbose of late: Homeloans HY results (2017) Http://www.icm.limited/uploads/news/2017.02.28_Homeloans_half_year_2017_financial_results.pdf Basically doing well if the one-of costs of the RESIMAC merger are excluded. Merger announced between TouchCorp and AfterPay. As usual the placeholder name is called NewCo. Http://www.icm.limited/uploads/news/2017.02.23_Touchcorp_Proposed_Merger_Announcement.pdf Both sides seem to be in favour of the merger.
vacendak
01/3/2017
10:29
Resolute has had a torrid few days. Although the price of gold is up on the week, gold miners have taken a pasting, something which may get unwound in time but which may hit forthcoming NAVs.
mad foetus
01/3/2017
10:17
Cross posted on the UEM thread: http://uk.advfn.com/cmn/fbb/thread.php3?id=33291342 Result of the conversion round. http://uk.advfn.com/stock-market/london/utilico-emerging-markets-UEM/share-news/Utilico-Emerging-Markets-Limited-Allotment-of-ordi/73978956 Around one million shares have been converted, which represents only 0.6% of the total in circulation. Thirty three odd millions subs are left for the next rounds.
vacendak
27/2/2017
09:32
Got another email update from ICM: An audited financial statement for Bermuda First Investment Company Limited. Http://www.icm.limited/uploads/news/2016_BFIC_2016_Final_AFS_-_signed.pdf BFIC ranks at number six in the UIL portfolio.
vacendak
22/2/2017
10:23
The PDF versions of the HY-reports mentioned yesterday have been posted on the website: Http://www.uil.limited/investor-relations/annual-interim-reports/ And for UIL Finance Ltd (the ZDP shares): Http://www.uil.limited/investor-relations/other-documents/ Selling more of Augean, getting below 16% now. http://uk.advfn.com/stock-market/london/uil-limited-UTL/share-news/Augean-Plc-Holdings-in-Company/73921741 AUG has been higher, then again it has also been lower... so the time is as good as any. [edit] Just received an email alert from ICM: The Somers annual report is available: Http://www.icm.limited/uploads/news/2016_Somers_AR_webPagesFeb14_FINAL.pdf A work of art, fancy nautical background and all. I have not had the time to read it yet.
vacendak
21/2/2017
10:09
Two half-year reports out today, one for UIL Ltd and the other for UIL Finance Ltd. I have a few pennies in zeroes too, so I have read the boring bit (UIL Finance) too. :) Http://www.investegate.co.uk/uil-finance-ltd/utl/half-year-report/201702210700073514X/ Http://www.investegate.co.uk/uil-limited/utl/half-year-report/201702210700073505X/ The PDFs will appear later on the website. Paper copies will be sent early March. [UIL Finance] In the report for UIL Finance by December 31st 2016, the covers were 2018: 3.09x requiring a fall of between 67.6% (loss starting) and 84.3% (full wipeout) of UIL Ltd gross assets. 2020: 2.22x requiring a fall of between 55.0% (loss starting) and 67.6% (full wipeout) of UIL Ltd gross assets. 2022: 1.66x requiring a fall of between 39.6% (loss starting) and 55.0% (full wipeout) of UIL Ltd gross assets. According to the latest factsheet (January), the cover values were 3.21x, 2.31x and 1.72x. So no sweat here. On the February 2016 factsheet, which stated a share price of 100p (the nadir having been 96p during that month), the cover values (2016, 2018 and 2020 at the time) were 2.81x, 1.78x and 1.51x. So even then, the money was pretty safe. Good news: The UIL Finance Directors do not receive any remuneration. Sure, they do not have much to do apart from asking themselves (as PDMRs of UIL Ltd) about the monies owed by UIL Ltd to UIL Finance Ltd; but still, we tend to moan about the fees... [UIL Ltd] End of December was not the most flattering time for the company to give its half-year report. Mentions are made of the good old days of end of September 2016 when the NAV peaked at 352.50p. Interesting bit from the Chairman's Statement on buybacks: "On 31 October 2016, UIL redeemed all the outstanding 2016 ZDP shares. UIL has continued to sell the remaining 2020 and 2022 ZDP shares it holds in the market. Over the six months UIL bought back 0.4m shares. However, UIL will not buy back any further shares until the Scotiabank bridge facility is repaid." So in other words, the company shall not borrow to do buybacks, which is the sane thing to do in my humble opinion. The hiccups at the end of last year were due to foreign exchange hedges going sour. "The year end position on 30 June 2016 saw a negative derivative position of £13.6m which needed further cash investment on rolling. Over the past 18 months to 31 December 2016, the currency gains of £2.0m were partially offset by the FX hedges. Largely as a result of the FX demands, UIL drew down the Scotiabank bridge facility of £25.0m as cash reserved for the ZDP redemption was utilised to fund the FX hedges." So now we get the explanation of the cliff hedge drop we had in October. If the factsheets were more of the newsletter variety than just "facts", they could have told us earlier. I love when the sister companies "owe" money to UIL Ltd, even though they are run by the same mafia. :) "One of Zeta Resources Limited's ("Zeta") investments, New Zealand Oil and Gas ("NZOG"), disposed of its investment in Kupe for NZ$168m in cash and today is estimated to have over NZ$220m in cash, thus enabling it to return significant cash to shareholders, including to Zeta. As a result, UIL is anticipating that Zeta will repay its loans in full before 30 June 2017." [Gearing/Debt/ZDPs] As discussed before by Morton, they seem to apply one method for the factsheets and another one for the reports. The December 2016 factsheet says 88.2%. This half-year report says that over six months the gearing went down from 157.7% (82.7% on the June factsheet) to 103.5%. Their aim is 100%. The factsheets use "the AIC definition (based on net assets)" By the end of June, the ZDP debt should be fully issued, i.e. no more holding the IOUs as a loan to oneself basis. "The average yield to maturity on the placings were 4.0% for the 2020 ZDP shares and 5.1% for the 2022 ZDP shares. UIL expects to place the remaining 2020 and 2022 ZDP shares held before its current year end." Potential good news for the discount if £25m get repaid before June 2017 (year end). "UIL drew down the Scotiabank bridging facility of £25.0m to fund the 2016 ZDP redemption. UIL expects to repay the facility in full before its financial year end." Fees are up (since the end of the voluntary reduction) but % cost down. "The ongoing charges figure, excluding performance fees, reduced to 2.0% from 2.6%, mainly as a result of the average increase in shareholders' funds." No small prints at the end of the report, so no snarky remarks about shell companies this time. :)
vacendak
20/2/2017
10:18
@Morton Thanks. One learns every day. :) I should have read those boxes refering to "sections 608(1)(b) and (c) of the Corporations Act". I have noticed that if one uses Google/Bing on the following "Level 1, Lot 7, Block F, Saguking Commercial Building, Labuan, Malaysia", which is the address of GPLPF, they get links to a various "notice of substantial holder" and other RNS like documents involving the UIL Ltd family. This one is the reverse of that mentioned by Zeta, from the Bligh Resources side: Http://www.aspecthuntley.com.au/asxdata/20170201/pdf/01824637.pdf Note that Zeta now has 6.58% of it, so we are not yet talking absolute control. Fun news: That address is linked to the so called "Panama Papers" from last year. They turned out to be a damp squid and not exactly Watergate for David Cameron and his dad. Odd though that GPLPF shares the same P.O. box. Https://offshoreleaks.icij.org/nodes/14048472 There is of course a disclaimer on the right handside, saying that not everything is dodgy. A bit odd though that GPLPF shares the same P.O. box. [edit] UTL doing well today +3.5p so far via at least four upticks.
vacendak
20/2/2017
09:55
@Vacendak All the Australian updates about Utilico will mention GPLF as a holder as they control Utilico rather than it being that they own shares independently. LSE does not seem to have that requirement for RNS. So in the Bligh link you posted, Zeta own the shares and everyone else (ICM, UIL, GPLF) mentioned simply as they control Zeta. Mining shares in Australia up significantly in last month and Zeta price should reflect this but as its so illiquid does not seem to have crept up at same rate. RSG keeps climbing as well, up another 10% on last weeks price so UIL NAV should continue rising this week regardless of Zeta. An unusual small miner is ASX listed GME in that ICM have a very large shareholding (154 million shares approx) independent of Pan/Zeta (38 million shares between them). Http://clients3.weblink.com.au/pdf/GME/01763820.pdf Nice for all involved that the shareprice has increased 3 fold in last month.
morton2011
20/2/2017
09:48
Great work as ever vac much appreciated
mad foetus
16/2/2017
09:00
@rambuttan Good catch. To be filed under "FinTech" I assume. [Somers] Some news, from earlier this month, on Stockdale from the Somers website, which is updated slightly more often than the company trades on the Bermuda Stock Exchange. :) Http://somers.limited/index.php/download_file/view/322/181/ It reads more like an advert for Stockdale than a formal report. Still, this mentions good news, some serious activity, and gives the image of Stockdale gaining market shares and sharing a playground with the likes of Rothschild when it comes to M&A advisory services. Will they try again to float Stockdale this year? With the current expectations for "financials" in 2017 being high (a bit of inflation, higher interest rates, etc.), this could give a positive background for another go for Stockdale on AIM (I think it was AIM). [edit] Back above 300p for the NAV at 302.62p just shy of a 3p improvement, so roughly 1% per week. 46.96% discount as of February 14th, widening slightly from the 46.11% at the penultimate NAV update.
vacendak
16/2/2017
02:23
Spotted: hTTp://techcitynews.com/2017/02/14/software-firm-perfect-channel-gets-2m-from-beringea-and-uil-limited/ htTps://www.pehub.com/2017/02/london-startup-perfect-channel-grabs-2-mln-pounds/# httPS://www.perfectchannel.com/
rambutan2
15/2/2017
15:14
Infratil has published a report recently (February 8th): Https://infratil.com/assets/imported/nzx/Infratil-Market-Update-252520.pdf They acknowledge some mediocre performance of late. Also the report gives a review of the holdings.
vacendak
14/2/2017
11:59
Thanks @v.
spectoacc
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20170324 14:06:54