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UANC Urban&civic Plc

344.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Urban&civic Plc LSE:UANC London Ordinary Share GB00BKT04W07 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 344.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
344.50 345.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 344.50 GBX

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Urban&civic (UANC) Discussions and Chat

Urban&civic Forums and Chat

Date Time Title Posts
22/5/202114:18Urban & Civic165
09/10/202012:37*** Urban & Civic ***59

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Posted at 07/5/2021 07:26 by spectoacc
Not exactly analogous, but pretty similar - Blackstone bid for SMP today, 23.8% premium to EPRA NAV.

Took the money, but still think we had our pockets picked at UANC.
Posted at 14/12/2020 16:52 by daneswooddynamo
I think they have timed it very nicely, announced before vaccine news and in the run up to the will they won’t they on the brexit deal.

Meanwhile the chronic UK housing shortage makes UANC a great vehicle for the medium term. Still, there are plenty of other UK housing related stocks to recycle into which have further to go imo
Posted at 04/12/2020 08:12 by pete_bane
But I thought you had a UANC every day, specto, usually by the fish counter in Tesco!

Like you, I say sod those lockdown regulations.

Covid? PAH!
Posted at 03/12/2020 19:14 by spectoacc
Couldn't see UANC in the IC - they had 3 bids listed, none of them ours.
Posted at 06/11/2020 15:42 by james188
I have cashed in and will move on, but I am not remotely thrilled by the price. I suspect that the board felt that the share price had got stuck and was going nowhere fast - and so the continuing trend of take private deals goes on.

I suppose it is just possible that a rival bid will emerge, but I rather doubt it. The same thing was said about TEF last year, but nothing happened. UANC is a fairly unique model and requires a long term investor/group with deep pockets. I can see why they have exited the public markets, but it is a pity.
Posted at 16/10/2020 10:22 by anley
Today we have a recent buyer of 4.3% reducing their holding to 3.6%.

That explains recent share price movements and if that holder were to reduce to under 3% then they would have NO need to make any further announcements.
Posted at 15/9/2020 15:16 by anley
There is so much "cash" floating around looking for a deal and it would not surprise me if this company is not on the radar.

Cheap it is and the Business Model is sound but the profits are only made either when they sell a parcel to a builder or trade which they have in land or buildings which they have done successfully.

BUT they have done this and still the share price is where it was in 2014 although I will grant you that it went as high as 370p. Look at one of the charts above,

I live near Cambridge and have been to most of the sites and they are clean and busy so I have nothing to say about the management BUT how do you defend a company if someone comes along and says Move Over..............you have a NAV of some 400p+ and land for HOMES.

Its a builder on a merger - shares for shares and all the working capital in place.
Posted at 15/9/2020 14:19 by james188
I am not sure how many people really understand the UANC business model - or can be bothered with it.

It is a master developer, like the old development corporations, which derisks huge and complex sites so that the infrastructure and planning is in place and then parcels them up for builders. Addressing the point queried by anley, it also does some direct development.

So, over time, it is patiently building up an increasingly significant revenue stream from the licence fees that builders contract to pay (akin to a royalty payment stream) - and it also has a growing land bank with very low cost finance in place, which I doubt would be made available to any of the house builders. The company is still fairly young and so the revenue stream is any of a slow burner. For those who are prepared to wait, I think that the share price should start to accelerate in a year or so.

In the meantime, it is a fairly low risk option, but maybe not exciting enough for many investors. So, when it announced a couple of months ago that it had secured a resolution to grant planning permission at Manydown (an extremely large scheme of well over three thousand houses, with the possibility of more to come), the share price barely flickered. I am happy to hold, but for the long term.
Posted at 15/9/2020 13:10 by daneswooddynamo
This company was starting to finally perform in share price terms before Covid struck. It has not recovered much at all since unlike many of the big house builders.

Why? I have no doubt that there is an ongoing seller/overhang which is holding things back. Maybe Aberforth which was selling in its last stock exchange announcement a few months back. UK managers have been subject to big redemptions so you cannot help being a seller to keep up.

In the meantime the company will be finding its way through the current conditions and is conservatively geared, trading at a big discount to nav. On a medium term view given the required housing stock in the UK it continues to look very well-placed imo with very experienced management. It should continue to develop its large site capability and follow its business model, not start building houses where it has no experience and no expertise and where the capital requirements would explode.

There is always the chance of a takeover if it becomes too cheap although most of the big house builders would be unhappy to tie up big capital in a takeover rather than just pick off plot parcels as and when they need them.
Posted at 15/9/2020 12:39 by anley
The price has settled down and last year the results were announced towards the end of November 2019.

The Y/E for this company is 30 September so here we are nearly at the end of their financial year and forgive me but they know what the figures are hence a small movement in share price.

I ask all thos who read this BB to go and look at what the share price of this company was 5 years ago................then look at today's price - no one has made a great deal from developing their business model and in fact if it were not for dealing profits this company would have gone nowhere.

What this company should do is BUILD the houses itself BUT I don't see that happening so why not sell out for say £4 per share to a National housebuilder such as Bovis.

Worth a thought for the Board to consider and with 25% of the equity held by the City is this not the deal they look for in these Covid days?????????
Urban&civic share price data is direct from the London Stock Exchange

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