U And I Share Discussion Threads

[asturius101] 13/6/2018 15:43

looking forward to the divi on fri

[mikett1] 13/6/2018 15:24

Agreed. MMs cleared out every stop loss down to 211 this morning?! Now up 3.5%

[asturius101] 13/6/2018 11:57

what a most bizarre day!!

[bluerunner] 13/6/2018 11:01

Many thanks. Looking forward to Friday as this is my second largest holding.

[speedsgh] 13/6/2018 10:55

@bluerunner

12.00p special payable 15/6 (XD 10/5)
3.50p final payable 17/8 (XD 19/7)

[bluerunner] 13/6/2018 09:41

Weird Wednesday.-9% just over an hour ago to +1% currently.Isn't there a dividend payment due soon?

[davr0s] 13/6/2018 09:01

Just flushing out weak holders on wide opening spreads it seems.

[dekle] 13/6/2018 08:38

I top sliced a couple of days ago so perhaps others are doing the same. No reason other than reducing after a good run.

[tomtom86] 13/6/2018 08:26

Couldn't load funds quick enough... that dip was a gift.

[asturius101] 13/6/2018 08:23

still, very weird movements this am

[asturius101] 13/6/2018 08:17

yep - feel sorry for that schmuck who sold at 2.11

[davr0s] 13/6/2018 08:17

Looks like opening nonsense atm

[asturius101] 13/6/2018 08:10

what the f$*= is with the sell off??

[scburbs] 04/6/2018 13:23

"GCP Student Living plc, the UK’s first REIT focused on student residential assets, today announces that it is in advanced negotiations, through its Investment Manager, Gravis Capital Management Limited (the "Investment Manager"), to acquire and fund the construction of Scape Brighton, which if acquired, would be the Company’s second asset in Brighton."



Scape Brighton is part of Preston Barracks development.

hxxp://www.uandiplc.com/news-and-views/press-releases/year-2018/preston-barracks-development-deal-completed

[ayl30] 04/6/2018 12:43

Bit perky this am?

[danielbird193] 24/5/2018 14:58

I thought the online report was really useful, it gives far more depth of analysis and insight into the portfolio than some other REIT Annual Reports which I've read. Yes, they've had a graphic designer work on it, but I don't think that's necessarily a negative. Just wish other companies put as much effort into being transparent and communicating well with shareholders!!

[asmodeus] 24/5/2018 14:39

What I don't see is why a Company doing so well needs to have such a flashy online report and a grossly extravagant 2cm thick paper version in order to draw attention to itself?

[cambium] 23/5/2018 18:00

All good stuff

[spob] 23/5/2018 16:27

Questor: U+I’s shares are still held back by the sins of its past – buy before they recover


Richard Evans

The Telegraph

23 May 2018




One of this column’s recurring themes is to find businesses that have moved on from past problems but whose share price has not kept pace with events.

This seems to be what has happened at U+I, the property group that proved a disappointment for investors when it was known as Development Securities.

It tapped shareholders for money in the wake of the financial crisis, saying it wished to exploit opportunities thrown up by that crisis, but investors who took part in the fundraising are still sitting on paper losses as the share price remains below what they paid for new stock.

The group’s management team at the time also annoyed investors by setting up a remuneration scheme intended to work on a project-by-project basis, which meant that they could be due bonuses for the performance of individual developments independent of the fortunes of the group as a whole.

The company now has a new name, new management team, and a new, more successful strategy, but the share price fails to reflect the value of its assets because of lingering poor sentiment connected with the group’s past, according to the managers of one highly regarded fund.

“This was not a good company when it was Development Securities, but it has now been re-engineered,” said James Lowen, co-manager of the JO Hambro UK Equity Income fund.

“However, its valuation is still being driven by past perceptions and this is where the investment opportunity lies: the company’s net asset value is about 300p and expected to grow but the shares are at about 235p.”

U+I describes itself as “a specialist regeneration developer and investor in the fast-growing London, Manchester and Dublin city regions”. It makes money by building new developments, by increasing the value of land holdings by obtaining planning permission and by improving existing properties.

Many of its developments are mixed-use and it has close relationships with public bodies such as local councils and Network Rail.

“A lot of what it does is right in the eye of government policy: politicians want more housing, especially affordable housing,” Lowen said. “U+I works with councils and Network Rail to release land for development. Councils affected by austerity need to get value out of their assets.”

He said the company’s deputy chief executive, Richard Upton, who joined from Cathedral Group, a specialist regeneration developer, when Development Securities acquired it in May 2014, was instrumental in positioning U+I to take advantage of this policy change on the part of local authorities.

“The company works in partnership with councils so it tends to experience fewer planning problems than other more ‘plain vanilla’ property groups,” Lowen added.

U+I tends to concentrate on a small number of relatively large projects and its execution record is good. It has achieved its target of a 12pc annual return on investment and, of its nine separately disclosed major projects last year, only one experienced difficulties.

“This is the only problem among the separately disclosed projects in our three years of holding the stock,” the JO Hambro manager said.

He added that even if U+I could not close the gap between its net asset value and share price, investors would still benefit from its 12pc annual investment gains. A third source of returns, which he described as the “icing on the cake”, was a pipeline of promising developments whose value was not yet accounted for on the company’s books because they would not come to fruition for several years.

“These are massive, exciting projects,” he said. “One is in Manchester, next to Piccadilly, then there is a 700-acre site in Harwell, Oxfordshire, and a mixed-use development in Westminster.

“We don’t even have to consider what these will be worth given the valuation gap now. When the shares reach 275p I’ll take a look.”

Other attractive features of the stock are the 17.9p per share dividend, more than twice the previous year’s, and the significant personal stakes held by the management.

Questor says: buy

Ticker: UAI

Share price at close: 234p

[wynmck] 23/5/2018 15:51

google questordailytelegraphtoday you can read first bit and then full article free if you then register

[spob] 23/5/2018 14:48

Anyone able to reproduce the comments in the Telegraph ? i think you have to be a subscriber and we can't all subscribe to every website on the net