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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Uk Commercial Property Reit Limited | UKCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 66.00 | 09:19:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 66.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/02/2024 | Interim | GBP | 0.0085 | 15/02/2024 | 16/02/2024 | 29/02/2024 |
| 08/11/2023 | Interim | GBP | 0.0085 | 16/11/2023 | 17/11/2023 | 30/11/2023 |
| 08/08/2023 | Interim | GBP | 0.0085 | 17/08/2023 | 18/08/2023 | 31/08/2023 |
| 10/05/2023 | Interim | GBP | 0.0085 | 18/05/2023 | 19/05/2023 | 31/05/2023 |
| 01/02/2023 | Interim | GBP | 0.0085 | 09/02/2023 | 10/02/2023 | 28/02/2023 |
| 07/11/2022 | Interim | GBP | 0.0085 | 17/11/2022 | 18/11/2022 | 30/11/2022 |
| 10/08/2022 | Interim | GBP | 0.0085 | 18/08/2022 | 19/08/2022 | 31/08/2022 |
| 10/08/2022 | Special | GBP | 0.0192 | 18/08/2022 | 19/08/2022 | 31/08/2022 |
| 04/05/2022 | Interim | GBP | 0.008 | 12/05/2022 | 13/05/2022 | 27/05/2022 |
| 03/02/2022 | Interim | GBP | 0.0075 | 10/02/2022 | 11/02/2022 | 25/02/2022 |
| 04/11/2021 | Interim | GBP | 0.00644 | 11/11/2021 | 12/11/2021 | 26/11/2021 |
| 05/08/2021 | Interim | GBP | 0.00644 | 12/08/2021 | 13/08/2021 | 27/08/2021 |
| 05/05/2021 | Interim | GBP | 0.00644 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| 23/04/2021 | Interim | GBP | 0.00531 | 06/05/2021 | 07/05/2021 | 21/05/2021 |
| 04/02/2021 | Interim | GBP | 0.0046 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 05/11/2020 | Interim | GBP | 0.0046 | 12/11/2020 | 13/11/2020 | 30/11/2020 |
| 06/08/2020 | Interim | GBP | 0.0046 | 13/08/2020 | 14/08/2020 | 28/08/2020 |
| 27/04/2020 | Interim | GBP | 0.0046 | 14/05/2020 | 15/05/2020 | 29/05/2020 |
| 06/02/2020 | Interim | GBP | 0.0092 | 13/02/2020 | 14/02/2020 | 28/02/2020 |
| 06/11/2019 | Interim | GBP | 0.0092 | 14/11/2019 | 15/11/2019 | 29/11/2019 |
| 01/08/2019 | Interim | GBP | 0.0092 | 15/08/2019 | 16/08/2019 | 30/08/2019 |
| 02/05/2019 | Interim | GBP | 0.0092 | 16/05/2019 | 17/05/2019 | 31/05/2019 |
| Top Posts |
|---|
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 13/2/2024 09:26 by sleepy What if UKCM were to liquidate their portfolio and return proceeds to shareholders? |
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 13:10 by llef I had not realised that BBOX (3 billion GBP) were so much bigger than UKCM (900m GBP).UKCM have 40% in offices+retail+other This segment will only comprise about 10% of the combined group, so not that much really in the grand scheme of things. |
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 09:00 by spectoacc Surprised BBOX only off 2.5%. Wondering if this is a scheme to get into the FTSE100 & attract tracker money. But why not buy something where there's genuine synergies, and much less execution risk.BCPT is the other that's held up remarkably well, with a similar chart to UKCM. |
Posted at 12/2/2024 08:58 by hindsight If I was a UKCM shareholder I'd feel pretty good about becoming pure-play logistics.Yes I do, but will probably sell and move on |
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. |
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