Utilico Investment Trust Share Discussion Threads

[praipus] 07/12/2005 13:46

Quite useful for topping up.

[purse] 07/12/2005 13:43

Drifting down further, doesn't seem right with Ecofin still climbing.

[praipus] 05/12/2005 10:00

Thanks Linhur I havent been watching SMON but am aware the container ports seem to be attracting some excitement.

Can not think of any reason for UIL to drift down at the moment. ESH money flowing in, PD Ports holding subject to another bidder....strong buy IMHO.

[linhur] 02/11/2005 21:15

Praipus

The action has already taken place with North Atlantic exiting and Cobelfret taking 29% and UBS 19%.It really means Cobelfret can choose their timing on any takeover. The prospects for Simon are poor until they let the empty berths which looks like 1st qtr 2006.I would not be surprised to see UIL reducing.

[praipus] 31/10/2005 14:38

Linhur

"energy market specialist" sounds ominous being a strong believer in "you cant buck the market". Time will tell.

Plenty of action on the Ports front PDP,PDPA, and OCN though not on SMON curious.

[linhur] 27/10/2005 18:52

Praipus

"Looking ahead, the most strategically significant issue facing the Company
remains the renegotiation of its European power importation contract which
expires on 1 December 2005. As indicated in our last Annual Report, we will be
exposed to market prices which are presently more than 35% higher than those we
currently enjoy. Negotiations with suppliers are continuing and our risk
mitigation strategies are being refined with the assistance of energy market
specialists."
Interim results 19 May gave the outlook above which I interpreted as lower profits for two or three years.

[linhur] 24/10/2005 13:01

Praipus

Had been prewarned about JEL in their previous statement.
UIL interest is mainly in the telecom subsidiary which might eventually be sold off.

[praipus] 24/10/2005 12:35

JEL sounding a bit sick with the plan not to pass on all of the energy price increase to consumers.....

[praipus] 21/10/2005 14:58

PD Ports takeover being discussed.

[praipus] 17/10/2005 11:18

ESH forced through good news IMHO.

[praipus] 14/10/2005 12:15

Yes your probably right concerning ECWC's at the reorg stage I understand UIL were influential.

[rambutan2] 13/10/2005 22:59

yes, was tuesday.

it's a quality set up, management and board.

performance fee remains for timebeing but board know it has to change...

eco cap holders have reason to be gratefull that uil was such a big holder.

[praipus] 13/10/2005 13:35

Thanks rambutan2. Did you go to the AGM this time?

[rambutan2] 30/9/2005 12:06

hi praipus, myself and one or two others suggested that the performance benchmark (uk gilts) was too easy to achieve and that a slighly tougher mark should be chosen. i said that mr saville would murder it this year, and he has. no doubt the board will be expecting some more questions on the matter this year. see below for the way performance fees are now being structured...

i like the cash cap idea.

[praipus] 19/9/2005 10:17

rambutan2, Please can you enlighten the BB as to what was said at the last AGM concerning the performance fee?

[rambutan2] 14/9/2005 14:15

got my annual report yesterday.
apart from the £7.1m performance fee - as aired at last year's agm, the board need to sort that out - all v pleasing.
performance since inception really is quite exceptional.

[praipus] 14/9/2005 11:41

This is from the monthly comment on the Utilico website "Utilico increased its holding in PD Ports and reduced its holding in Ecofin Capital Shares following their strong performance."

Thanks Mangal re: warrants.

[rambutan2] 08/9/2005 01:01

i think that utilico is selling:
a) cos theyve found a willing buyer ie hallwood.
b) cos ecwc is now a more risky proposition ie regeared, at a time when utilities are historically highly valued.

[mangal] 07/9/2005 23:49

The warrants of these,UILW, are now listed on the "Equity Warrants List (WT)" thread.

[praipus] 06/9/2005 10:59

Hi Linhur,

Sorry for the delay in answering holidays etc. Often when cash is realised the recipients share price increases though not a hard and fast rule.

In terms why sell, I agree does seem strange. A reason may be revealed via the monthly statement. Its interesting that the ECWC share price has not moved significantly and that Hallwood has taken nearly all that have been sold.

Kind regards
Praipus

[linhur] 25/8/2005 18:43

Hi Praipus

Can I ask why the Utilico share price should rise on the sale of Ecofin Capital shares as it would appear that the market value of the Ecofin capital shares is already reflected in the share price of Utilico? All they are doing is transferring the value from their investments to cash in the bank.

It would be more interesting to know why Utilico are now selling Ecofin capital shares at the current 24% discount to NAV rather than wait a couple of years and have the shares redeemed at 7.5% discount. I assume Utilico think that Ecofin have peaked on their outstanding performance for this year and they may be better opportunities elsewhere in the utility sector.

Kind regards
Linhur

[praipus] 16/8/2005 14:44

Having sold over 1,000,000 Ecofin Capital shares I would have thought the Utilico share price should tick up in appreciation.

[praipus] 10/8/2005 09:54

Irony, I say Ecofin's a buy and Utilico start selling....that said theyve still got 9,435,934 so not sure its time to get out just yet.