U And I Share Discussion Threads

[epistrophy] 09/4/2021 12:47

Good spot. Looks like they are serious about deleveraging the balance sheet. "U+I’s national portfolio contains around 15-20 similar assets that the company is looking to divest over the next 12 months."

[scburbs] 09/4/2021 10:45

Non-core sale. Should have an update soon. Not expecting much progress to 31 March, but should hopefully start to accelerate now as the major PPP projects get going along with further non-core disposals. "Snow Centres has bought the 167,000 sq ft indoor ski slope, part of the wider Beyond scheme next to the Trafford Centre, for an undisclosed sum as U+I looks to offload non-core assets." [...]

[this_is_me] 15/3/2021 13:31

It looks like we have another step up happening.

[epistrophy] 15/2/2021 13:56

Another 250k printed at 84.5p. Edit: and another 145k ...

[epistrophy] 13/2/2021 10:08

Oh, and I found this interesting (from the post-results Q&A...) ------------------------------------------------------------------------------- Richard Upton, U and I Group PLC - CEO & Director [3] -------------------------------------------------------------------------------- Thank you, Marcus. The -- another question, the highest return investment you can make at this point is to buy your own shares. Is there any scope for this? Again, another question -- another good question. I -- that's always an option open to us. We would like to suggest that we are significantly undervalued, as I said in the presentation. And of course, that opens up that option, and that's always for consideration by the Board, and we'll reflect on that over the coming weeks and months. Now I think that really sweeps up the core questions that we're being asked. And if I may, if there are no more questions, it just remains for me to thank you for joining our half year results call this morning, and have a great day. ------------------------------------------------------------------------------- Running costs, despite the mitigations, still look pretty substantial compared to the market cap down here... a sale would certainly be one way to address this!

[epistrophy] 13/2/2021 09:31

Followed Upton with a top-up on Friday. I think there is a reasonable chance he will look to sell up when things normalise, like he did with Cathedral Group in his former role.

[apollocreed1] 31/1/2021 23:58

@spob -I agree. I very nervously bought a little more 3 weeks ago at 60p because when I'm down 70% from my initial entry price I assume there must be something seriously wrong that I'm missing.

[spob] 31/1/2021 09:05

yeah i wonder if there is a bid on the way how this got so ridiculously cheap is beyond me but hey, it allowed me to buy more at silly prices and i've got all the time in the world so i really don't give a damn either way

[w1lbur01] 29/1/2021 16:40

Nice closing price

[sphere25] 27/1/2021 11:41

I think that's Breakout City folks with the price currently up 5.4% at 82p. It farts about alot this but it looks a good bull trend of a chart now. Well done if you bought in the early 60's. You've done miles better than I have. More options to take profits for all! The market that keeps on giving. That's a wrap here. All imo DYOR

[w1lbur01] 27/1/2021 08:29

Decided to follow Upton today

[spectoacc] 27/1/2021 07:32

Upton still buying, happy to stay long.

[spectoacc] 25/1/2021 15:36

Has taken him over 3%, and he ought to know. But suspect he's nearly the sole reason the share price has bounced!

[this_is_me] 25/1/2021 15:25

Yes, that is a serious amount of buying. I'm tempted to add some more.

[spectoacc] 25/1/2021 14:44

Upton been piling in it seems.

[sphere25] 25/1/2021 09:06

Just highlight this horrible share, which I find impossibly impossible to buy (because it nearly always gives the run around), but looks set to test a key breakout. The last move from early 60's to early 74p now has been good for those who managed to push the buy button. It MIGHT make another leg up - 75p looks a key mark on the chart. The offer looks thin at the moment but hard to tell with this one if there are sleepy sellers to come in and fill the offer or apply the order when a particular price point is hit. Tend to see both in markets. Tempted to have a go as a short term play only but if I buy, it 100% ABSOLUTELY DEFINITELY NO SIREEE won't breakout! :-) All imo DYOR

[elsa7878] 19/1/2021 11:49

Snouts in the trough for too long when things were going well and now clear that their interests were not always aligned with their shareholders. Finally some sense and a realisation that costs need to come down significantly. Can't act like you're a FTSE 250 company and spend money accordingly. Is there enough in the portfolio to make it an interesting investment...? No idea!

[asalvador] 19/1/2021 08:49

hxxps://www.thebusinessdesk.com/northwest/news/2072610-mayfield-manchester-developer-launches-major-restructure-after-sinking-to-50m-loss 'Mayfield Manchester developer U+I has embarked on a major restructure with its chief executive and chief financial officer departing after it recorded a £50m half-year loss. It has begun a 100-day review of the business that will look to slash costs and refocus entirely on regeneration projects. The review will be led by Richard Upton, its chief development officer who has been made chief executive with immediate effect.'

[spectoacc] 19/1/2021 08:22

Hard to know now until conclusion of review - big NAV write-down but still huge discount (193p).

[this_is_me] 19/1/2021 07:22

That is a major refurbishment of the company akin to a refurbishment of a brownfield site.

[tole] 15/1/2021 20:29

hxxps://masterinvestor.co.uk/equities/u-and-i-group-unlocking-potential-to-realise-positive-change/Positive write up here in masterinvestor from the 13th Jan

[sbb1x] 15/1/2021 15:21

Somebody collecting shares here... might spike next week

[deadly] 15/1/2021 10:30

Yes insider trading happpens all the time and the FCA do nothing.

[this_is_me] 15/1/2021 10:10

Results are due out on Tuesday. It's amazing how often there is a spike in a share price coming up to a very good trading statement considering insider trading is illegal.

[this_is_me] 15/1/2021 10:03

There was an almost 400k arranged trade reported late yesterday. This seems to have lit the blue touch paper. With any luck there is a big player wanting a stake at the current give away price.