U And I Share Discussion Threads

[spob] 21/3/2018 17:34

no worries here

patience will be rewarded

[bluerunner] 21/3/2018 16:22

SpeedsghThanks for the updates.This board has been relatively quiet despite the various developments.Let's hope - with a month to go to the results - that we see a decent re-rating of UAI's share price.The dividend payments, including the special one, should reward long term holders going forward.

[speedsgh] 14/3/2018 08:57

U+I disposes of Waitrose Store in Ringwood for £17.25m -

[mrthomas] 14/3/2018 08:41

I have just brought in was surprised at the spread offer but as others have said this looks like a well run co like the div pay out etc.

[speedsgh] 13/3/2018 12:48

Sheffield's flagship 3 St Paul’s Place acquired by London investment firm for £24m -

3 St Paul’s Place, the flagship office building in Sheffield city centre, has been sold for £24m.

The building has been bought by London-based investment company M&G Real Estate.

Occupiers at 3 St Paul’s Place now include civil engineers Arup, architects BDP and HLM, Swedish bank Handelsbanken and lawyers Freeths.

Property developers U+I and CTP, which built the 78,000 sq ft Grade A speculatively, hailed the sale “as a massive vote of confidence in the city of Sheffield.”...

... Simon Hesketh of co-developers U+I, said: “We are delighted to have been involved in delivering 3 St. Paul’s Place, a first class office development for Sheffield. The sale to M&G underlines the quality of the building and underlines its position as significant new commercial centre for the city.”

[speedsgh] 13/3/2018 12:30

@HP - see my previous post 1019 below...

speedsgh - 28 Feb '18 - 14:17 - 1019 of 1025

Consensus dividend forecasts for the next 3yrs...



FY2018 - 17.90p
FY2019 - 11.90p
FY2020 - 14.90p

The core dividend is fixed at 5.90p (interim 2.40p, final 3.50p). This is supplemented by a special dividend paid in August each year, the size of which is dependent upon the level of trading/development gains achieved in each FY. This therefore equates to the following forecasts for the special dividend in the next 3yrs...

Forecast special payments:
FY2018 - 12.00p (payable Aug 2018)
FY2019 - 6.00p (payable Aug 2019)
FY2020 - 9.00p (payable Aug 2020)

[hugepants] 13/3/2018 11:43

Hope he's right. Implies a substantial special dividend next year also.

[speedsgh] 13/3/2018 07:32

Simon Thompson updated on UAI in his column in IC yesterday reiterating his BUY recommendation...



"... There are not many companies that can offer prospects of an aggregate payout equating to 21 per cent of their market value over the next two years and grow NAV at the same time, but U+I is certainly one of them. Trading on a 33 per cent discount to the end of February 2018 NAV per share estimates, U+I's shares rate a great income buy and have potential for capital upside, too. Buy."

[speedsgh] 13/3/2018 07:29

Appointment of Joint Corporate Broker -

U+I (LSE:UAI), the specialist regeneration developer and investor, is pleased to announce the appointment of Liberum Capital Limited as its joint corporate broker, alongside Peel Hunt LLP, with immediate effect.

[asmodeus] 09/3/2018 23:04

Who could possibly argue?

[bogdan branislov] 01/3/2018 09:27

They made it. To be fair, as my posts confirm, I never doubted this. Company's are either up front or they are not. U and I were immediate in informing us of the slow down the previous year when they realised that the impact would be material for last year's results. So when they reassured us this year there was no reason to doubt. Contrast this with other developers such as Inland and Urban & Civic who along with their cooperative house brokers regularly create total fiction forecasts that they never come close to achieving and nobody seems to bat an eyelid. Because U and I's returns were back end loaded, as they said previously said they would be, everybody seemed up in arms and doubted them. This is a capable and honest company, once the price move begins it will be important to let this run for a few years to realise the full gains from this highly innovative organisation, don't take profits prematurely! Bogdan

[speedsgh] 28/2/2018 14:17

Consensus dividend forecasts for the next 3yrs...



FY2018 - 17.90p
FY2019 - 11.90p
FY2020 - 14.90p

The core dividend is fixed at 5.90p (interim 2.40p, final 3.50p). This is supplemented by a special dividend paid in August each year, the size of which is dependent upon the level of trading/development gains achieved in each FY. This therefore equates to the following forecasts for the special dividend in the next 3yrs...

Forecast special payments:
FY2018 - 12.00p (payable Aug 2018)
FY2019 - 6.00p (payable Aug 2019)
FY2020 - 9.00p (payable Aug 2020)

[mikett1] 28/2/2018 13:02

Investors chronicle in November 2016 (when price was 160): "As part of the strategic changes, the company has also revised its dividend policy. As well as a fixed ordinary dividend (5.9p last year) the company will look to pay supplemental dividends equivalent to 40-50 per cent of free cash flow. While an 8p special dividend was paid in both 2015 and 2014, free cash flow can be expected to be lumpy as it is affected by a host of factors, including capital requirements, debt targets and operating costs, as well as the timing of property sales and development gains. However, based on the current work in progress, Peel Hunt forecasts dividend yields over the next three years of 5 per cent, 11 per cent and 10 per cent."
11% yield forecast at 160p is roughly equivalent to 8-9% yield at current price.

[hugepants] 28/2/2018 08:29

I don't have the link but the special dividend is calculated based on the trading and development gains and they appear to be on target to match forecasts.

[stupidboypike] 28/2/2018 08:24

HugePants can you point me at where the 12p special dividend was mentioned please?

Best regards SBP

[masurenguy] 28/2/2018 08:11

Yep - looking good !

[hugepants] 28/2/2018 07:27

Another one. Looking good for the forecast 12p special dividend

[bogdan branislov] 26/2/2018 17:11

On my reckoning, this takes them to over £50M for the year, then there is the package of smaller non-itemised projects worth about £9M and with a few other bits and bats, this gets us very close to the forecast level. When will the price respond I hear you ask? I don't know, don't assume that the share price of a long term under valued growing company will respond on an announcement, particularly as this announcement was not a surprise. Eventually a couple of larger buyers or a collection of mid buyers will start to buy aggressively no longer sticking to 'within the range' accumulation discipline. This could happen at any point and if you assume nothing will happen until full year results then you may well be wrong, don't try to predict the timing, the information is all out there now, the price will move but the precise timing is inherently unpredictable. Bogdan

[hugepants] 26/2/2018 14:59

This outfit released another rns today


Just 3 days till the year end.

"This is another significant milestone as we continue to make progress towards reaching our target of £65-70 million of development and trading gains for FY18.

[bogdan branislov] 20/2/2018 19:48

You can never expect smooth year on year steady profit climbs with a real estate and regeneration company. But this does not matter, it is the forward 3 year view that matters, although this and the next 2 years are all looking pretty good now, after that it looks like it will get even better. Genuinely under priced stocks do revalue in time. While you are waiting it feels like an eternity and there it is tempting to find reasons as to why the price will never move. The crowd has not caught up with U and I yet. They will in time, will the price ascent come after the year end announcement, will it be when the results are published, or will it be at some point over the next year? Impossible to say, always is. Despite my long term average annual gains being over 30% pa, I still feel as though I am forever waiting around for price moves to happen. I do wait, and in the right places, hence the returns. But I am increasingly of the view that the key to successful and relaxed investing is effectively 'leaving your money lying around in the most undervalued places possible'. This is in effect what I have always done, but the above brings with it a mindset which helps to make the waiting a more relaxing process. Bogdan

[rathkum] 20/2/2018 18:12

Having being tipped in IC,Shares Mag. and one or two other publication recently, the share price has done nothing but retreat. I sm not so optimistic about share price appreciation even if they deliver on their profit forecast.

It's one of those companies where it is very difficult to forecast what they can deliver in the next financial year and the market doesn't seem to be keen on such companies.

The share price ran up tp 210p last month and has done nothing but retreat to the current 190p.

[bogdan branislov] 20/2/2018 17:01

Interesting posts, very illogical but designed to spook the jittery retail investors, timed very nicely to fit in with today's tree shake. The market makers must be very keen to load up prior to the end of year announcement. Bogdan

[jl9] 20/2/2018 14:40

Don't worry, UAI is nightmare enough.

HE is right.

Just note the reference to stakeholders over shareholders in annual reports. That's no accident. I don't know about you, but when I buy shares I want to be called a shareholder.

[jimcar] 20/2/2018 14:37

Building and controlling the oil refinery hopefully.