Utilico Emerging Markets Share Discussion Threads

[praipus] 19/1/2011 16:15

Rensberg increasing their holding.

[energiser01] 14/1/2011 16:52

December Update available on the website now for those interested.

[davebowler] 14/1/2011 14:46

Westhouse view today;

UEM posted a strong absolute return in 2010. The NAV gained 33.3% on a total return basis, relative to a 22.6% return from the MSCI Emerging Markets index. Long-term performance is also very strong. Since inception in July 2005, the NAV has annualised a total return of 15.3%.



Despite the strong short- and long-term performance and the income component of the fund - the current yield is c3% - the shares continue to trade at a discount. This seems even more anomalous when considering that most income paying Emerging Markets and Asian investment funds are trading on small premiums, despite slightly lagging UEM in absolute return terms over the last five years. We believe that the anomalous rating is in large part due to a misunderstanding by the market of what is, in our view, a unique and attractive proposition in the emerging markets space.

[davebowler] 14/1/2011 10:28

Yes,I agree energiser01

[energiser01] 13/1/2011 17:40

DB - I estimate the Inf India holdings represent about 0.8% of UEM - does that sound about right ?

i.e 4.4M shares in Inf India = apprx £3M

UEM value at around £368M / £3M = 0.8% of assets now.

[davebowler] 13/1/2011 15:31

Buys Infrastructure India at 36% discount to NAV;



Utilico Emerging Markets Ltd
-------------------------------------------------- -----------------------------------------
Date of the transaction and date
on which the threshold is crossed
or reached: 07/01/11
-------------------------------------------------- -------------------------------------------
Threshold(s) that is/are crossed
or reached: 11%
-------------------------------------------------- -----------------------------------------

[pixi] 05/1/2011 10:23

Bought into Indian Energy yesterday and UEM today, I like the chart.

[cnx] 01/1/2011 14:47

again my largest AIM holding, i'm happy to stay

prosperity and health to all

[energiser01] 31/12/2010 15:32

UEM current NAV working out to around 180p at present.

dyor etc...

[transforma] 30/12/2010 15:06

Della, Indian Energy would be a logical aquisition for UEM; they do look very undervalued; i just bought some at 20.9p which values them at £5m. They were trading at 80p.

[delladella] 30/12/2010 14:58

Does anyone know if UEM are in take over discussions with Indian Energy IEL? IEL have filed a 2.10 and their share price has bottomed out and UEM are filing asset information.

Seems likely form the info available.

DD

[energiser01] 23/12/2010 12:30

WSON11 - WILSON SONS DR3
R$ 31.50 (12/22) Open: R$ 30.60
High: R$ 31.65
Low: R$ 30.51

This is up about 10% since the start of December, whereas the Wilsons Oceans Holdings, the parent company is only up around 2.5%. Wilsons Ocean Holdings own around 58% of Wilson Sons, so a bit of a gap opening up between the Sp's.
Could be due a catchup.

dyor etc..

[energiser01] 23/12/2010 11:58

UEM continues Share buybacks, every little helps, increases NAV.
Current NAV around 179p by my model.

Utilico Emerging Markets Limited
Transaction in Own Shares

Utilico Emerging Markets Limited (the "Company") announces that it purchased for cancellation 400,000 ordinary shares on Wednesday 22 December 2010, at a price of 162.25 pence per share.

Following this purchase the Company's issued share capital consists of 218,772,234 ordinary shares.

The above figure (218,772,234) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FSA's Disclosure and Transparency Rules.

dyor etc.

[energiser01] 17/12/2010 16:38

UEM increasing its holding in OCN.

Was 3,118,838 increased to 3,183,838 , crossing the 9.00% threshold.

all good as OCN seriously undervalued.

dyor etc..
-

[energiser01] 02/12/2010 13:46

I make NAV (ex income) back up to just over 175p

dyor etc.

[energiser01] 02/12/2010 13:23

Copied from OCN thread, thanks to Nellie.



nellie1973 - 2 Dec'10 - 10:50 - 679 of 679



Broker upgrade today

2nd December 2010

Ocean Wilsons started with buy recommendation at Seymour Pierce, target price 1900p

This figure much closer to the NAV for OCN as we have estimated in the past DB.

dyor etc..

[energiser01] 22/11/2010 11:36

NAV starting to increase once again, back up to around 2p to £1.74+ since the last announcement for the 16th Nov.

Could be start of next leg up.

dyor etc..

[energiser01] 19/11/2010 14:40

DB - yup - good read, thanks. Especially as they added a few more OCN the other day.

Brazil is good place to have some investment at present.

dyor etc..

[davebowler] 19/11/2010 11:16

Interesting article on OCN, one of our major holdings;