Unite Share Discussion Threads

[maddox] 11/6/2010 17:53

Hi brownie69,

Your 'agent' is out of date I'm afraid - Unite sold Culver House, Park St, Bristol in November 2009 to M&G Secured Property Income fund for £21.5m on a sale and lease back arrangement. The property was fully refurbished in Summer 2009 and were able to raise the rents by 26% as a result.

Regards, Maddox

[brownie69] 11/6/2010 16:19

They are marketing Park St Bristol.

agent said its part of their policy and they have others (of the older type) on the market

[maddox] 21/5/2010 10:45

Hi brownie69,

I'm interested in which old properties you are referring to? My understanding is that Unite sells on its developed properties after a short period into a separate student property fund. Any property on Unite's books is thus new build.

It is the property fund that will be responsible for maintaining the properties out of their rental income. Unite own 16% of the fund directly.

[maddox] 20/5/2010 14:13

Hi brownie69,

Which old properties are you refering to?

[brownie69] 19/5/2010 10:32

Cuts in education spending mean less demand for student accomodation in future. Unite has a lot of old accomodation they have not kept up to scratch with refurb work, and not always in prime locations.
Long term outlook looks poor hence the ongoing sell off.
Fair value could be down around the £1.00 - £1.10 mark and they need to sell the old and poorly located properties and downsize given the operating enviornment they are heading for.

[volsung] 06/5/2010 12:29

...or a selling opportunity!

[georgio44] 05/5/2010 13:29

Definately one to keep an eye on for a Buying opportunity ! imo

[m.t.glass] 04/5/2010 15:24

The result of the General Election looks like being either a Tory government with a slim overall majority, or with no overall majority and dependent on LibDem support measure by measure.

Tories are promising huge cuts, in various departments. How will this impact this stock? And is the recent fall in the share price related?

[volsung] 04/5/2010 14:43

I love my UTG short

[volsung] 28/4/2010 16:33

Today it tanked at the start and at the end of the day.

[volsung] 27/4/2010 12:12

I like this share for shorting. It always goes up in the morning and tanks by end of day

[georgio44] 15/4/2010 00:01

Thought this was going to push back up to 275 + but now looking at a 225 Stop if the slide continues !

[maddox] 09/4/2010 10:38

The valuation in the last results was disappointing and took the shine off a good set of achievements by the management team in response to the credit crunch. Now we see the USAF has been revalued up 2.1% over the first qtr., which suggests to me that these point in time valuations are more reflective of the volatile capital markets than the underlying assets. The investors in the USAF are certainly going to have a longer time horizon.

I also notice that we have a new FI on the major holders list - Fortis. We have seen quite a change in the FI mix over the last six months or so, corresponding to the period of price weakness. We now need a bit more institutional buying to see the share price strengthen. Its probably a good time to buy if you're thinking about it. As always DYOR.

Regards, Maddox

[maddox] 08/4/2010 19:39

Hi Stromboli,

The short answer is I don't know. The shares are paid in lieu of bonuses so I assume that the relevant share price is the prevailing price on the day paid. any other views from anyone else?

Regards, Maddox

[stromboli1] 31/3/2010 11:20

why is no price per share shown on those director shareholding RNS's please

[georgio44] 29/3/2010 19:20

Saw support & Director Buys, so bought in this morning @ 255 with a target of 305 (resistance).
Trying to build a long-term Portfolio, so will hopefully take profits at that price (for re-investment elsewhere), keeping my original UTG stake long-term !

[trint76] 29/3/2010 09:11

Recent Broker updates...

12-Mar-10 UBS Buy 270.00p 315.00p Reiteration
10-Mar-10 KBC Buy 270.00p Upgrade
09-Mar-10 BofA Buy 264.00p 301.00p Reiteration

[trint76] 29/3/2010 09:06

Anyone about..??

UTG looks to have found support on the 182 day EMA (Double bottom). Director interest on the Friday.

And aquiring further properties in London I see

[jockthescot] 03/2/2010 17:10

Maddox - nothing more to really tell to be honest. Just that there is movement in the sector which can only be positive news. I'll post the deal here once public.

[maddox] 03/2/2010 15:53

Thanks Jock, my email address is [e-mail] if you can tell me more offline.

Regards, Maddox

[jockthescot] 03/2/2010 14:17

Not rumours - but not much more that can be said. Will come out in the wash over the coming month or so.
Adds support to the Unite model in London though, which I think is why this has risen over the last few days.

[maddox] 03/2/2010 13:03

Rumours Jock? Please tell me more.

[jockthescot] 03/2/2010 10:31

Rumours of a big deal in the student sector looks to have given this some momentum over the £3 resistance. Will be interesting to see if it maintains this.

[maddox] 12/1/2010 21:53

Hi Rochdae,

Yep, further good news on the Unite Student Accommodation Fund recovering the dip in valuation it suffered - the unit price peaked at 107.2p 31/12/07 so we've still got someway to go.

Regards, Maddox

[rochdae] 12/1/2010 13:27

Nice to see we've broken though the billion squid mark...