Uil Share Discussion Threads

[eeza] 17/8/2016 17:46

"The Board of UIL Limited ("the Company") announces that on 17 August 2016 the Company purchased for cancellation 31,500 ordinary shares of 10p each at a price of 163.0p per share "

[vacendak] 16/8/2016 19:44

Yep, when we all fight for a deer carcass at least we shall have our gold!

Seriously, the obsession with mining PM these past few months has been pretty impressive. Gold and silver are not known for soft landing, but Resolute is indeed in a better position than the rest with regards to debt.

[eeza] 16/8/2016 18:16

Good for PM's tho.


:-)

[luckymouse] 16/8/2016 17:24

the world is about to end - jeez

[vacendak] 16/8/2016 15:41

To add to what Morton has just said, my wife made that point a couple of weeks ago when I began to prattle on about UIL's recovery and the new found El Dorado at Syama.

She was in Mali for a couple of weeks last year for work and mentioned those "other factors" that relates to the country.

However, I do not think that Duncan Saville should fund some Dogs of War yet, as the mine is in the South of the country as indeed stated earlier:
hxxps://mining-atlas.com/operation/Syama-Gold-Mine.php

As for Australia, considering the latest diplomatic spats with China, they could get invaded if Trump gets into the White House and pulls-up the drawbridge.:O

mad foetus
GPM... the kind of thing it would have been great to "think about" around January this year and be contrarian. Now this is just getting scary.

[spectoacc] 16/8/2016 15:32

Thanks @morton2011

[eeza] 16/8/2016 15:12

The discount will continue - but hopefully at a lower level.

[mad foetus] 16/8/2016 15:03

Top sliced some GPM (up 25% since I added on Monday 8th) and have topped up here with the proceeds. The discount cannot continue.

[spectoacc] 16/8/2016 09:33

Have to be honest and say the main thing that stops me buying more is the "what goes up" scenario - Resolute done fantastically well, what if US unexpectedly raised rates, gold tanked, Resolute shares went back where they came from.

The buyback gives some reassurance in the confidence of the directors.

[eeza] 16/8/2016 09:02

The reducing gearing level also offers the market more reassurance and should bring down the discount.

[vacendak] 16/8/2016 08:42

The share buy-back is slightly unusual, as pointed out earlier by Morton (post #277), the discount is there and has not been actively addressed for a while. On second thought, this buy-back may be an indication that the Somers deal has been cleared and that UIL has acted pre-emptively on the NAV dilution.

They should have some serious cash in the bank at the moment: Those buy low/sell higher trades on the 2020 and 2022 ZDPS, the 150c for 100c executions in Resolute shares, etc. so could indeed try to keep the discount in check a bit more. I mean 50% is a bit shameful considering the performance of the assets.

[eeza] 15/8/2016 21:54

Yes. agree it's not really relevant whether a Buy or Sell, was just trying to better explain the system's designation.

Unlike a SETS stock it is the MM on the other side of the trade here.

[spectoacc] 15/8/2016 21:48

I'm of the camp that says buy/sell barely relevant, except on a very short-term intraday basis when an MM is the other side of the deal.

It isn't just that buys/sells inevitably have to match over a short timescale, it's that eg the trade you see for 50,000 shares and argue about whether it's a buy or a sell is irrelevant, because someone's bought them, and someone's sold them, by definition. That single trade, whatever size and at whatever price, is both a buy and a sell.

And don't even get me started on TA.. ;)

The 100k buy-back is interesting though - I've not been following UTL that long but I've not seen them buy back Ords recently?

[luckymouse] 15/8/2016 21:46

Bamboo - yes there's a cons zone above which its bound to hit - I'm rather hoping after a cons it will then go through to one of the higher zones - if that's a big d.btm the height would suggest so.

[eeza] 15/8/2016 21:37

Well I use MAM ( m o n e y a m ) - take all the spaces out, ADVFN doesn't like competitor's names, lol.
When a trade is printed late it also gives the real trade time so you can look back to the relevant time and have a look at the bid/offer at that time and decide yourself whether it is a buy or sell. But as you say it's not an exact science.

[vacendak] 15/8/2016 21:17

eeza

Thanks for the precision on published and executed.

In other words, with a few percent spread and a propensity to move fast erratically (today's jump for UTL compared to a "slow week" last week), it is hard to tell whether those block trades of a few thousands are buy or sell.

[eeza] 15/8/2016 21:04

Just to add to Buy/Sell debate.

Publication of quite a few trades are delayed by 1 hr or 3 hrs. MM's usually delay printing large trades e.g 40k. When the trades are printed (after the relevant delay) they are deemed, by the system, to be Buys or Sells depending on which side of the Mid share price they fall. So if you bought 40k shares at 170p ( Bid 166 and Offer 170p ), the print was delayed 1hr and the Bid/Offer had moved up ( Bid now 170p and offer 174p ) the system would show it as a Sell.

[bamboo2] 15/8/2016 20:56

I bought a few of these this morning. LM, Thanks for constituent charts.

Todays eod candle confirms the flag b/o to the upside with a min target of 181

[vacendak] 15/8/2016 20:08

Morton

With regards to the buy/sell tag, the Telegraph Investor website explains its definition thus:
" The London Stock Exchange do not publish buy/sell information. The buy/sell indicator is therefore based on the trade price in relation to the mid-market price at the time the trade is published."

So the tags, especially for those close to the mid-price, could mean the transaction has gone either way.

Like you, or at least in a similar manner, I got had on the huge UIL spread last year (around September) when I transfered my UIL shares from an investment plan type of account to an ISA (I know, I should have had done it years ago). To transfer I had to technically sell and re-buy under the ISA wrapper. I "sold" at 108p and "bought" them back at 114p. Then of course UIL started to head below 100p :( Feeling better now at 160+p now of course.

The spread is a bit more reasonable now at around 2.5%.

Mozy
Yep, looks like some people at ICM are a bit ashamed about the discount and are doing something about it. Buy-back at 164p means that they must believe it will go well above 170p soon.

[mozy123] 15/8/2016 19:12

The Board of UIL Limited ("the Company") announces that on 15 August 2016 the Company purchased for cancellation 100,000 ordinary shares of 10p each at a price of 164.0p per share

[luckymouse] 15/8/2016 16:56

Hi Morton - yes its just a guide - I find the volume+ indicator which polarises & summarises the days volume activity pretty good in fact - small/medium transactions are usually accommodated by the MMs and retail brokers from their house held supply - biggies are often negotiated (block) trades between institutions.
Looks like accumulation here. The Aug area of blue notably outweighs the red.