|Urban and Civic
||EPS - Basic
||Market Cap (m)
|Urban and Civic Daily Update: Urban and Civic is listed in the Real Estate sector of the London Stock Exchange with ticker UANC. The last closing price for Urban and Civic was 210.50p.|
Urban and Civic has a 4 week average price of 218.01p and a 12 week average price of 207.65p.
The 1 year high share price is 279.75p while the 1 year low share price is currently 183p.
There are currently 144,006,555 shares in issue and the average daily traded volume is 99,548 shares. The market capitalisation of Urban and Civic is £306,013,929.38.
|daneswooddynamo: well it's pre-let to them so presumably there would be penalty payments. I don't know the area but sounds as though there would be good local use of it as many shoppers go further afield. But i think it's relatively insignificant in terms of the main investment case for U&C which is basically now its two massive housebuilding developments
good to see the steady share price rise over last week or so|
|speedsgh: Company's current issued share capital is 140,497,109.
From interim results - HTTP://www.investegate.co.uk/urban--38-civic-plc--uanc-/rns/interim-results/201405300700104065I/
Post balance sheet transaction
"...The effect of this transaction will be to increase the [IFRS] net asset value of the group from £50.8 million at 31 March 2014 to a net asset value on a pro-forma basis of £315.0 million on the completion of the transaction on 22 May 2014."
So EPS based on IFRS NAV as of 22 May was 224.2p against a current share price of 227p.
I suppose the market is waiting for confirmation that post-merger the NAV is moving in the right direction. Final results next month should shed light on that.
Also worth noting that, whilst it is the stated intention of the company to pay a progressive dividend, they are only targeting a "first dividend of approximately one per cent. of the Placing Price [225p] after a full year of trading, being the year ending 30 September 2015*
* This is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions at all."
That amounts to enough uncertainty to keep a lid on the share price for the time being. Aimho.
EDIT - I am of course aware that EPRA NAV is the more important measure but no guidance has been given on this since the merger afaics.|
Urban and Civic share price data is direct from the London Stock Exchange