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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Uk Commercial Property Reit Limited | LSE:UKCM | London | Ordinary Share | GB00B19Z2J52 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.10 | -1.65% | 65.50 | 931,843 | 16:35:23 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 65.20 | 65.60 | 66.90 | 65.00 | 66.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 73.38M | -222.33M | -0.1711 | -3.82 | 848.52M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:28:13 | O | 4,100 | 66.164 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/4/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - UK Commercial Property REIT Limited |
| 24/4/2024 | 14:38 | UK RNS | Barclays PLC Form 8.3 - UK Commercial Property REIT Limited |
| 24/4/2024 | 14:27 | UK RNS | Brewin Dolphin Limited Form 8.3 - UK Commercial Property REIT Limited |
| 24/4/2024 | 14:23 | UK RNS | Evelyn Partners Group Limited Form 8.3 - TRITAX BIG BOX REIT PLC |
| 24/4/2024 | 14:23 | UK RNS | State Street Global Advisors Form 8.3 - Tritax Big Box REIT plc |
| 24/4/2024 | 14:20 | UK RNS | State Street Global Advisors Form 8.3 - UK Commercial Property REIT Limited |
| 24/4/2024 | 13:14 | UK RNS | Brooks Macdonald Group PLC Form 8.3 - Tritax Big Box REIT plc |
| 24/4/2024 | 13:12 | UK RNS | Brooks Macdonald Group PLC Form 8.3 - UK Commercial Property REIT Limited |
| 24/4/2024 | 12:48 | UK RNS | Aviva PLC Form 8.3 - Tritax Big Box REIT plc Replacement |
| 24/4/2024 | 12:46 | UK RNS | Aviva PLC Form 8.3 - UK Commercial Property REIT Replacement |
Uk Commercial Property R... (UKCM) Share Charts1 Year Uk Commercial Property R... Chart |
|
1 Month Uk Commercial Property R... Chart |
Intraday Uk Commercial Property R... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/4/2024 | 13:08 | Uk Commercial | 500 |
| 24/6/2014 | 10:35 | Property Capitulation-7.5% yield | 192 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:28:13 | 66.16 | 4,100 | 2,712.72 | O |
| 17:09:56 | 65.23 | 8,141 | 5,310.37 | O |
| 17:08:47 | 65.28 | 7,672 | 5,007.90 | O |
| 17:08:32 | 65.61 | 2,724 | 1,787.13 | O |
| 16:58:15 | 65.50 | 53,394 | 34,973.07 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Uk Commercial Property R... Daily Update Uk Commercial Property Reit Limited is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker UKCM. The last closing price for Uk Commercial Property R... was 66.60p.Uk Commercial Property R... currently has 1,299,412,465 shares in issue. The market capitalisation of Uk Commercial Property R... is £848,516,340. Uk Commercial Property R... has a price to earnings ratio (PE ratio) of -3.82. This morning UKCM shares opened at 66.90p |
Posted at 20/4/2024 13:08 by spectoacc Interesting angle from The Times, basically pointing out that Phoenix gets a fee rebate from UKCM - and always have done - on their shareholding.Since the merger is with another abrdn fund, Phoenix will likely continue to get that rebate, something not available to other shareholders. |
Posted at 25/3/2024 18:05 by nickrl From citywire UKCM chairman to abstain from voting for merger with BBOXhxxps://citywire.com "Pereira Gray said a better offer could have been forthcoming had there been ‘a more open and comprehensive sales process’. Although the deal is supported by UKCM’s largest shareholders – Phoenix Wealth and Investec – Pereira Gray questioned whether it is ‘the highest price or the best value that could have been achieved’. He doubled-down and stated that a liquidation would generate a higher net return to shareholders than the 71p per share being offered by Tritax, but acknowledged that ‘a merger with Tritax could deliver a higher net present value… over time assuming growth in the value of Tritax’s core investment portfolio and possible narrowing of the discount’" Needs to have a word with his colleague at API to grow a backbone |
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 12/2/2024 17:00 by mindthestash Apart from MLI these proposals are mergers and only offer so called synergies/savings from a larger group. I've been in property for some years and bigger doesn't mean better management. Big boxes and small boxes have different tenants and different management styles are needed. If the UKCM price improves a little more I might be tempted to sell now and reinvest elsewhere. |
Posted at 12/2/2024 15:34 by redsonning No this is not a good deal for UKCM shareholders. BBOX are just taking the opportunity to effectively acquire the UKCM assets at much below NAV. And that in a market which is bumping along the bottom, and will fly as interest rates come down. Having acquired a substantial holding of UKCM I'm not in any hurry to have BBOX take that off me, or to become a shareholder in the enlarged group (which will basically be BBOX+). It is significant that the chairman is not convinced. If I had to be removed as a shareholder, then I would at least expect a true NAV price, not a convoluted attempt to convince me that this is fair value taking into account the market discounts. At the market discounts UKCM is a give away, whereas BBOX is not. |
Posted at 12/2/2024 12:28 by topvest Yes, its an interesting deal and a tad surprising. Benefits are probably around 1. Selling 40% of UKCMs non-logistics assets; 2. Use additional capital to buy more logistics assets; 3. Reduced costs and 4. For UKCM, eliminate the Phoenix blocking stake. It's a done deal on the UKCM side. I hold both, so am relatively relaxed.It's a better deal for UKCM than BBOX though as the share prices indicate. |
Posted at 12/2/2024 07:36 by spectoacc Interesting that one board director is against it, and that they've been in discussions for ages.But main interest is - why on earth does BBOX want UKCM? They solely talk about the logistics assets, so are they going to sell everything else? Offices, hotels, cinemas, retail? It's a lot to hit the market. If I was a UKCM shareholder I'd feel pretty good about becoming pure-play logistics. If I was a BBOX shareholder I'd wonder what on earth they were doing. |
Posted at 10/2/2024 11:18 by skyship UKCM would be a bizarre match for BBOX; but the share price here has been surprisingly strong recently - someone been buying for sure.BBOX would of course be using its own very strong equity, trading on a mere 12.3% discount and 4.4% yield. However, likely to do a CREI and collapse sharpish on the news. EBOX would have been a better fit; though of course a pretty major departure into Euroland. Will it instigate a sector rally; or are those left just too small to be of interest? |
Posted at 08/2/2024 08:30 by skyship Fail to comprehend the share price strength here. Looking way over-valued versus their peersTake just two: # UKCM - Disc @ 18.8% (Sep'23 - so likely lower); Yield @ 5.2% # EBOX - Disc @ 45% (Sep'23 - so likely lower); Yield @ 9.0% # SREI - Disc @ 27% (Sep'23 - so likely lower); Yield @ 7.6% |
Posted at 28/9/2023 14:03 by skyship I don't own UKCM; but I like the new Chairman's ability to talk the talk. Also, as per DrB's post above, here is another property expert who believes in the one thing Specto really objects to: NAV."While we are aware of the share price dislocation, we believe earnings growth through active asset and company management, a strategic portfolio allocation set for growth, and strong balance sheet discipline will create the best foundations for the stock to shine when, or ahead of, a recovery in the real estate sector." The NAV discount here is a "mere" 33% - compare that to 41.5% at API and a bizarre 43.5% at EBOX. This latter being sold down by one institution wanting to exit regardless of price, even though now on a seemingly secure 8.5% yield. So, another BoD wondering what can be done about the share price Matters under consideration rather than a Strategic Review. A PHNX buyout would be the best solution for shareholders. |
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