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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Utilico Emerging Markets Trust Plc | UEM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 225.00 | 08:14:36 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 225.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/02/2024 | Interim | GBP | 0.0215 | 07/03/2024 | 08/03/2024 | 28/03/2024 |
| 20/11/2023 | Interim | GBP | 0.0215 | 30/11/2023 | 01/12/2023 | 15/12/2023 |
| 18/08/2023 | Interim | GBP | 0.0215 | 31/08/2023 | 01/09/2023 | 22/09/2023 |
| 22/05/2023 | Interim | GBP | 0.0215 | 01/06/2023 | 02/06/2023 | 23/06/2023 |
| 17/02/2023 | Interim | GBP | 0.0215 | 02/03/2023 | 03/03/2023 | 24/03/2023 |
| 21/11/2022 | Interim | GBP | 0.0215 | 01/12/2022 | 02/12/2022 | 16/12/2022 |
| 22/08/2022 | Interim | GBP | 0.02 | 01/09/2022 | 02/09/2022 | 23/09/2022 |
| 24/05/2022 | Interim | GBP | 0.02 | 01/06/2022 | 06/06/2022 | 24/06/2022 |
| 21/02/2022 | Interim | GBP | 0.02 | 03/03/2022 | 04/03/2022 | 25/03/2022 |
| 22/11/2021 | Interim | GBP | 0.02 | 02/12/2021 | 03/12/2021 | 17/12/2021 |
| 23/08/2021 | Interim | GBP | 0.02 | 02/09/2021 | 03/09/2021 | 24/09/2021 |
| 21/05/2021 | Interim | GBP | 0.02 | 03/06/2021 | 04/06/2021 | 23/06/2021 |
| 19/02/2021 | Interim | GBP | 0.01925 | 04/03/2021 | 05/03/2021 | 24/03/2021 |
| 23/11/2020 | Interim | GBP | 0.01925 | 03/12/2020 | 04/12/2020 | 18/12/2020 |
| 24/08/2020 | Interim | GBP | 0.01925 | 03/09/2020 | 04/09/2020 | 18/09/2020 |
| 26/05/2020 | Interim | GBP | 0.01925 | 04/06/2020 | 05/06/2020 | 19/06/2020 |
| 20/02/2020 | Interim | GBP | 0.01925 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 13/11/2019 | Interim | GBP | 0.01925 | 28/11/2019 | 29/11/2019 | 20/12/2019 |
| 27/08/2019 | Interim | GBP | 0.018 | 05/09/2019 | 06/09/2019 | 27/09/2019 |
| 28/05/2019 | Interim | GBP | 0.018 | 06/06/2019 | 07/06/2019 | 28/06/2019 |
| Top Posts |
|---|
Posted at 19/6/2023 11:35 by srichardson8 I thought I had better check and, yes, I was wrong. This is from the annual report'UEM exited from PT Link Net Tbk following an offer for the business at a premium. UEM reduced its investment in Simpar S.A., My E.G. Services Berhad, Ocean Wilsons Holdings Limited, Corporacion Financiera Colombiana S.A., China Everbright Greentech Limited, Societe Nationale des Telecommunications du Senegal, Naver Corporation Limited and KT Corporation, all of which fell outside the top thirty holdings' ref |
Posted at 26/8/2022 14:56 by vacendak A bit dated, I only just picked it up.Nothing new, more about Charles Jillings than UEM. |
Posted at 18/8/2022 08:54 by vacendak It is good to read that UEM is seriously underweight in China compared to the MSCI Emerging Market index: 15.9% vs 32.0%.The only Chinese position in the Top 10 is now a fund of "unlisted", we used to have China Everbright Greentech Ltd at number 9 back in January. Maybe I am reading too much into this but the geo split in January was 17.8% (and top investment) in China and latest factsheet shows 15.5% (second from top). So, it seems Jillings could be getting slightly colder feet about the ChiComs. |
Posted at 03/5/2022 11:27 by contact2fsnetcouk Vacendak,Thank you. I've held both, for the income, since about 2013 and showing slight current capital gain in both despite BRFI being up and down over the time. Yield is over 4% in both and am happy with the quarterly payment from UEM. |
Posted at 28/4/2022 17:59 by vacendak If UEM is safe-ish EM by focusing on utilities, BRFI is nitroglycerin, well the "F" is indeed "frontier". :)Trying to avoid China because my Witan Pacific holdings turned into 100% China with BGCG and... "not doing well" at the moment is an understatement. ATR, I may have a look, thanks, China at 10% now, I could do with that. MMIT and ATR looks similar, ATR is bigger though. Anyway, thanks for the suggestions, I now have some ARs and factsheets to peruse. |
Posted at 28/4/2022 17:40 by jfinvestments I think JMG is a great trust at a near 10% discount last time I looked. Market cap is huge and has performed historically. It is 22% China though, but at a good price.Otherwise, ATR. Reduced Asia recently. 6% discount to Nav or so at the minute. Took a hit as it is about 40% tech. Neither pay the dividend of UEM. BRFI is another option with more dividend, but I think it's a little over priced as we possibly head into a recession. |
Posted at 28/4/2022 17:23 by jonwig One of my brokers recommends the Moebius Trust, MMIT. I've a small holding there - not so large as in UEM. |
Posted at 28/4/2022 15:58 by vacendak Trying to pick the brains of people owning or following UEM.UEM is my only exposure to EM at the moment, barring some meagre percentages from my global ITs. I would be looking for "ex-China" or "not much China". Playing around on the AIC website, I am looking into BEMO and BRLA. They were also mentioned on a Kepler article on "value" recently. BEMO (Barings Europe/Middle-East Africa) BRLA (Blackrock Lat-Am) BEMO got seriously burnt recently thanks to having been heavy Russia, potentially creating an entry point. BRLA gets trounced by UEM over 10Y but has perked up recently. Any thought? Or anything else I may have missed? |
Posted at 21/6/2021 15:16 by speedsgh Annual Financial Report - Highlights of results · Dividends per share totalled 7.775p for the year, an increase of 2.6%. Dividends were fully covered by earnings · Revenue earnings per share ("EPS") of 8.13p, an increase of 3.2% from the prior year · Total revenue income of £22.8m, a decrease of 5.1% from the prior year · Net asset value ("NAV") total return per share of 30.2%* (2020: -24.9%*) · NAV per share of 228.54p* per share, up 25.7% · Gross assets of £556.1m, an increase of 20.5% John Rennocks, Chairman of UEM said: "We are pleased to announce UEM turned in a strong performance and importantly delivered a NAV total return of 30.2% for the year to 31 March 2021, outperforming the MSCI Emerging Markets Utilities Index which was only up by 17.2% during the twelve months. It is also pleasing to report UEM's revenue earnings per share increased by 3.2%, given the challenges faced by investee businesses and their need to preserve cash flow, especially in the first six months to 30 September 2020. UEM has now declared four quarterly dividends totalling 7.775p per share, a 2.6% increase over the previous year and the fourth quarterly dividend of 2.00p represents an uplift of 3.9% on the prior quarterly dividend. Dividend income recovered strongly in the second half of the year and dividends remain fully covered by income. The Board remains confident this quarterly rate will be maintained for the next financial year. "Responsible investing has long been a core component to UEM's investment process and continues to be a focus for UEM. UEM's Investment Managers continue to strengthen their ESG approach to investing and ICM has recently become a signatory to the United Nations Principles for Responsible Investment. "Despite the impact of COVID-19 on UEM's portfolio, it is worth noting that no UEM investee company has needed or is expected to require significant restructuring or refinancing. The strategic nature and business model strength of UEM's portfolio has been excellent, with most of the businesses having proved resilient. Coupled with strong government and central bank support the Board does not today see a significant risk from COVID-19 outside of market volatility in valuations." Charles Jillings, Investment Manager of UEM added: "COVID-19 has caused unprecedented challenges for investors. ICM is strongly of the view that due to COVID-19, the shift to working from home and eCommerce has accelerated the digitalisation of governments, businesses and individuals, and this shift will offer new investment opportunities. "UEM's gross assets (less liabilities excluding loans) increased sharply to £556.1m as at 31 March 2021 from £461.4m as at 31 March 2020. There have been eight new entries into the top twenty holdings of the portfolio over the year, as well as small sector shifts. On a geographic basis, South Korea has increased through investment and performance rising from 1.7% to 6.5% and Brazil saw the biggest reduction from 29.1% to 18.0%. "UEM's portfolio consists of a diverse range of companies that are often under-represented in the MSCI. The strength of our sector and country knowledge built up over decades has given us an ability to continue to identify these investments, in spite of COVID-19 and global lockdowns. Despite unprecedented challenges due to COVID-19, UEM's investment objective to provide positive long-term absolute returns has not changed, and we remain optimistic to uncover compelling investments that offer excellent returns." |
Posted at 25/11/2020 09:56 by davebowler Stifel comments-Utilico Emerging Markets – Interims to 30/09/20 – underperforms as growth remains in vogue Performance: Despite difficult markets the fund’s NAV recovered +10.3% and reports a NAV total return of +12.3%. This return lagged the MSCI Emerging Markets total return index which was up +24.2%, as investors globally have driven digital investments higher, while generally ignoring infrastructure and utility investments, and the Brazilian Real weakening by 11.7% which in itself reduced UEM's GBP NAV by an estimated -3.5%. Despite UEM's portfolio being largely value-based utilities and infrastructure assets, UEM has outperformed the MSCI Emerging Markets Utilities total return index which was up +1.5%. Earnings: Revenue income decreased to £14.7m, an 18.7% decline and EPS decreased 12.5% to 5.59p (2019: 6.39p). The board expects to maintain the third and fourth quarter dividends at 1.925p which would result in dividends for the full year to 31 March 2021 of 7.70p – an uplift of +1.7% over the year to 31 March 2020 (2020: 7.575p). Dividends remain fully covered by income at the half-year and if needed the board will use its revenue reserves or substantial capital reserves to maintain the dividend payments. As at 30 September 2020, UEM has revenue reserves of £9.8m, some 4.38p per share. Outlook: The chairman says, “It is pleasing to see most of UEM's portfolio companies performing well in the circumstances. It is worth re-emphasising that UEM's performance continues to be driven by bottom-up stock selection. The portfolio is predominantly invested in relatively liquid, cash-generative companies with long-duration assets that the Investment Managers believe are structurally undervalued and offer excellent total returns. Since inception over 15 years ago, UEM's track record of performance has been reassuring and the Board has every confidence that the Investment Managers will continue to identify investments offering attractive, long-term returns for UEM.” ( |
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