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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| U And I Group Plc | LSE:UAI | London | Ordinary Share | GB0002668464 | ORD 50P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 148.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 148.50 | 149.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 148.50 | GBX |
U And I (UAI) Share Charts1 Year U And I Chart |
|
1 Month U And I Chart |
Intraday U And I Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/12/2021 | 15:09 | UAI - formerly Development Securities | 1,509 |
| 14/9/2016 | 17:17 | PROPERTY REIT in BARGAIN territory. | 10 |
| 28/1/2016 | 16:35 | *** U and I Group *** | 1 |
| 09/11/2015 | 18:35 | U+I Group | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 21/11/2021 09:44 by poacher45 Interesting shareholders listThe Company has been advised of the following notifiable interests above 3% by way of TR1 notification. Holder Shares Holding Last TR1 received J O Hambro Capital Management Ltd 12,825,884 10.23% 09.06.20 FIL Limited (Fidelity Worldwide Investment) 12,137,23 9.67% 13.02.21 J.P. Morgan Securities Plc 8,356,798 6.66% 16.11.2021 Morgan Stanley 8,035,679 6.41% 16.11.2021 JPMorgan Chase & Co (JPMorgan Securities PLC) 7,219,830 5.76% 12.11.2021 Ennismore Fund Management Ltd 7,566,661 6.03% 19.07.21 Bank of America Corporation (Merrill Lynch International) 6,784,251 5.41% 10.11.21 Samson Rock Capital LLP 6,487,999 5.17% 10.11.21 Standard Life Aberdeen plc 6,258,083 4.99% 17.04.18 BMO Global Asset Management (UK) (F&C Asset Management) 5,875,946 4.71% 10.12.14 Threadneedle Asset Management (Ameriprise Financial, Inc.) 5,722,553 4.68% 31.03.14 M&G plc 5,386,074 4.29% 04.06.20 Richard Upton 4,254,384 3.39% 01.07.21 Maven Investment Partners Ltd 4,057,976 3.235% 08.11.21 Related content SHARE PRICE Share price charts and investment calculator RESULTS + PRESENTATIONS Our latest financial results and presentations London U+I 7A Howick Place London SW1P 1DZ Manchester U+I The Gatehouse 11 Baring Street Manchester M1 2PY Dublin U+I 4 Pembroke Street Upper Dublin 2 Useful Links Our people Annual report Thought leadership News + views Alerts Contacts Contact |
Posted at 19/11/2021 12:55 by cjohn I've bought back in in view of the above.I sold out a couple of weeks ago at close to 149p. I've lost 0.2p per share by selling and buying back. The downside risk is much smaller than I'd originally imagined. |
Posted at 17/11/2021 00:05 by spob I continue to hold for the reasons outlined aboveIf Land sec offered tangible book value for UAI, I would be more inclined to accept |
Posted at 16/11/2021 22:50 by poacher45 Land Securities from their report are very keen to takeover UAI. Probably because the assets are worth twice as much as the offer and they will not have to pay stamp duty.With the Americans taking such a large position the bid price is dead in the water. It is pointless in issuing a £1.49 bid document offer. I think the Americans would rather liquidate the company. I notice today that Land Securities share price has really moved up. Call me cynical but I would not be surprised to see a new offer with cash and shares or even an all share offer to persuade the Americans to accept. This is just my opinion. |
Posted at 16/11/2021 19:16 by gargoyle2 The general meeting and court meeting are set for 7 December. LandSec should have a good idea before then (if they don't already) whether they will hit that 75% threshold. I can't see them hitting it given that Aberforth is now out of the picture and that there are several new shareholders, who all seem to have been buying at pretty much the bid price and so can probably be expected to vote against. So I'm hoping that before 7 December either (a) another bidder will emerge, or (b) LandSec will delay the GM and court meeting and, having discussed with the 'dissenting' shareholders, come up with a higher 'acceptable' bid. Somewhere close to the pre-covid high (180-190) would do me. |
Posted at 16/11/2021 15:05 by gargoyle2 Morgan Stanley now going from 6% to 7% and a few trades over the offer price today. A higher bid on the way here imo. |
Posted at 15/11/2021 14:37 by gargoyle2 There seem to be a number of new shareholders that have added at around the bid price -- JPM 5.7%, Samson Rock 5.7%, Maven 3.79%, Bank of America 5.4%. I reckon they may be looking to force a higher bid. In any event, I'm hanging on fur further developments here. |
Posted at 01/11/2021 09:53 by archy147 Wonderful start to the week indeed! Well done all UAI holders.Now, where to find the next takeover target to invest the profits from here....any ideas folks? |
Posted at 01/11/2021 07:15 by this_is_me Just as I was getting disappointed that the share price was starting to drift down again, despite the company being greatly undervalued, we get a knockout takeover offer at a huge premium to the current price. |
Posted at 08/7/2021 12:46 by checkers2 UAI featured in the Ennismore July NL - U & I Group – UK Property Developer (1.8% NAV) U & I Group (U&I) is a GBP 117m market capitalised, property investor and regeneration specialist that we’ve been invested in for over five years. We are more confident than ever that the market is currently heavily undervaluing the company. Since we last wrote back in April 2016 the most significant change which gives us increased conviction is the previous Chief Executive Officer and Chief Financial Officer having been replaced. This we believe will be helpful in the execution of the strategy to simplify the business model and will also allow the company to be run on a much leaner cost base, both ultimately helping to achieve stronger equity returns. Richard Upton, the previous Deputy Chief Executive Officer, has now taken over the reins and we have full confidence in him not repeating the past mistakes of the business but rather having a laser focus on increasing returns on capital by disposing of non-core projects, leaving a much smaller, simpler portfolio with the best risk versus return characteristics suited to the company. Since we last wrote the investment has been an extremely disappointing one with the share price falling by around 30%, adjusted for dividends, not helped by the book value also falling by 25%, on the same basis, to GBP 203m. The fall in net asset value has primarily been due to write downs in their property portfolio of GBP 55m, especially in the retail area, not helped by the recent Covid-19 situation, alongside some other poor legacy investment decisions. Clearly, we should not have invested in U & I at that time with too many uncertainties over that executive’s previous track record and decision making. Last year was a particularly poor year for U&I with GBP 45m of impairments taken on properties and development projects, however we do feel the property portfolio and work in progress on projects has now been freshly looked over and discounted more aggressively by the new management team and gives us a lot more confidence that the balance sheet is now conservatively valued overall. Currently the company has an investment portfolio of GBP 95m, a non-core development and trading assets portfolio of GBP 126m and core regeneration assets of GBP 58m. Going forward the new strategy is to dispose of the 35 non-core assets which we believe will generate a small book gain from the circa GBP 110m of cash in, net of debt attached, over the next two years with bigger gains further out. It will obviously help to reduce the leverage further from the GBP 72m at the year end and release capital to be reinvested towards the regeneration part of the business, which have the highest targeted returns. The investment portfolio is held to help give an ongoing revenue stream and consists of 15 assets now which will be optimised going forward on a total return basis, as it stands around half the portfolio is in retail & shopping centres with commercial, leisure and some land making up the rest. The equivalent rental yield overall sits around 8.5% which given the overall mix seems prudent to us. The investment portfolio has an expensive fixed long-term debt facility which we give a negative value at GBP 5m above the value of the debt on the balance sheet. The regeneration portfolio currently consists of five schemes, of which we expect four are more likely to proceed - these are based in Manchester, Cambridge and two in London. The company believes these four schemes have a total development value of over GBP 5 billion and profits of over GBP 1 billion, over the next decade. Clearly U & I don’t have the finances to develop out schemes of this size but instead would partner up with suitable partners and would take a small proportion of the schemes’ value as they develop. We and the company were very disappointed by a recent decision by the Secretary of State for Housing reversing a previous planning permission from Lambeth council to help to regenerate the old London Fire Brigade Headquarters, but it does show the uncontrollable political risks in certain regeneration projects. We believe this decision will knock off around GBP 11m off the book value of U & I as work they’ve capitalised on this scheme over the last number of years will most likely now need to be written off. Notwithstanding this we have more confidence than ever in the execution of the management plans going forward. The streamlining of the company’s cost base is a key part of the strategy in increase equity returns in the business and is assisted by the reduction in the number of the assets U & I are involved with. Overall, the plan is to reduce overhead by more than 40% from GBP 21m one year ago to GBP 12m by March 2023, this is mainly being achieved by reducing, now, unneeded staff resource due to a smaller number of projects over the medium term. This implies, ceteris paribus, circa 300 basis points increase in the structural return on equity of the business. It’s good to see our continued belief in the undervaluation of the share seems to be in agreement with management as they’ve recently spent around GBP 250k buying shares around current levels. We value the business prudently on a sum of the parts basis, putting the investment portfolio at a 10% discount to book value, the non-core assets at book value and the regeneration assets, expected to proceed, at a premium of 50% to book value given the huge potential upside from these schemes. Netting off debt and other deductions mentioned leaves a fair value of GBP 200m, allowing then a discount on this of 15% gives upside to the current share price of over 45% over the next 12 months.Can see here: hxxp://www.ennismore |
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