Ucp Share Discussion Threads

[5dally] 04/1/2010 10:02

Yes the chart is looking very good here IMO :-)let's hope for a continued rise here through 2010, if the world is recovering India is the place to be but DYOR please :-)

[5dally] 04/1/2010 09:53

Very short sighted poster's here IMO,


If there are no clouds over a stock then the price is generally sky high because the whole world is in love with it and having bought in the price is at or above NAV for example. For sure the day that everyone is saying what a stonking, no brainer buy UCP is, will be the day that it is fully valued and selling out the best course of action.

In a nut shell Dibbs :-)

[dibbs] 31/12/2009 09:45

Mattjos,

Fair points, and I share the frustration of many with UCP. At the same time most people that hold stocks are frustrated unless the stock is going north strongly. Nearly all the BB's here on ADVFN are populated by frustrated individuals who want their babies to go up and up!

If there are no clouds over a stock then the price is generally sky high because the whole world is in love with it and having bought in the price is at or above NAV for example. For sure the day that everyone is saying what a stonking, no brainer buy UCP is, will be the day that it is fully valued and selling out the best course of action.

Happy New Year all, 2010, UCP's year?!

Dibbs

[mattjos] 30/12/2009 13:44

It is annoyoing this stock .. like others I've been in and got out this year.
Chindia is where i want to be invested & UCP, with no debt, looked a strong candidate for some funds.
However, this deal with Nectrus is the only thing propping up the share price right now. Another big seller comes along and Nectrus cannot cope with another standup sell/buy battle as earlier this year with Parapletz.
Yesterday's managment report reads from the off like they are trying to talk down their own share price & it leaves me asking why & what might the sub-text be.
I don't know the answers here & am not holding at present but i share others frustration with this stock

[ntbb] 30/12/2009 11:56

this company is run by morons, im out had enough, they kept on saying about hundred times that the valution of assets down, as if once is not enough!

[nickcduk] 30/12/2009 10:05

What a bunch of doom mongers.

Why not focus on what is actually the most important part of the results:-

However, towards the end of the half year and especially post September, we have begun to see sustained signs of recovery for real estate market in India as a whole, and particularly for some of the assets in the Company's portfolio. With economies globally showing signs of stabilizing, we expect demand for space take up in our assets to pick-up.

Demand is beginning to pick up sharply going forward. They have stock ready for occupation which will transform the p+l rapidly once leased. An example of demand coming through for UCP:-



where

TCS, for example, recently took up 2.5 lakh sq.feet space at the Unitech project at Rajarhat and is negotiating for an additional 1.3 lakh sq.ft in the same building.

You are also beginning to see some huge outsourcing deals being signed as well:-



This will trickle down through to UCP in the not too distant future. The fall in NAV was mainly due to yield rates rising to 11.5%. Once rentals start to firm up I would expect yields to fall very sharply and for the NAV to rapidly reverse its recent declines.

[5dally] 30/12/2009 08:34

Dibbs I agree,this could well be the bottom and it'a a rare thing to see a company with no debt these day's, happy to hold and buy on any dips, India is the place to be in this world recovery IMO so good luck to all holders

[dibbs] 30/12/2009 08:27

L2 is also stronger this morning so the market would appear reasonably happy. Now where is that agressive buyer we keep waiting for;-)

[dibbs] 30/12/2009 08:25

On a more bullish note, NAV is still a multiple of the shareprice and with the market looking ahead then comments like those below should carry some weight.

"Like almost all other businesses, and particularly those in the real estate
sector, we have had to go through the adverse impact of global economic and
financial crisis over the past year or so. However, towards the end of the
half year and especially post September, we have begun to see sustained signs of
recovery for real estate market in India as a whole, and particularly for some
of the assets in the Company's portfolio. With economies globally showing signs
of stabilizing, we expect demand for space take up in our assets to pick-up. In
addition, we expect the portfolio will continue to benefit from our strategic
decision to phase the construction programme in line with both demand and
economic conditions , which will enable us to respond quickly to any up-swing in the market"

We could hope for more for sure, but this may well be the bottom and with no debt the company looks in reasonable shape to prosper in the future.

Dibbs

[slapdash] 29/12/2009 23:43

NAV fallen here considerably..... no doubt in part due to these ridiculous 2% fees given to Nectrus........ at some point NAV should stop falling but with a lot of empty offices who can say what they are worth....

[scburbs] 29/12/2009 19:26

The extract from the results is actually rubbish. Nectrus had no shares in February 2009 and now have 11.7m so they have spent around £2-3m in line with the fee.

"Unitech Corporate Parks Plc (AIM: UCP), a leading investment company focusing on commercial real estate in India, announces that on 1 May 2009 it received notification that on 30 April 2009, Nectrus Limited, the Company's Investment Manager, acquired 55,000 ordinary shares of 0.01p each in the capital of the Company ('Ordinary Shares') representing 0.015% of the issued share capital of the Company at a price of 17p per share. Following this transaction, Nectrus holds 55,000 Ordinary Shares, representing 0.015% of the issued share capital of the Company."

[scburbs] 29/12/2009 19:23

Just over £250k spent buying shares! The management fee accrued (the 75% element) since 19 February is in the region of £2-3m. That's some discrepancy!

"Following on from the changes announced in the Investment Management Agreement in February 2009, Nectrus Limited (the Investment Manager) had bought 1.3 million shares, representing 0.36% of the share capital of the Company. As of the date of this release, Nectrus Limited holds 11.7 millions shares of the Company, representing 3.25% of the share capital of the Company."

"Nectrus Limited, the Investment Manager, and an affiliate of the Unitech Group, receives a management fee equivalent to 2 per cent per annum of the Company's average invested equity capital paid quarterly in arrears. With effect from 19 February 2009 25% of the management fee will be deferred until the sale of each asset is completed and will be contingent on an internal rate of return ("IRR") of 10% being achieved on that project. The remaining 75% of the management fee will be invested in UCP shares acquired in the open market."

[scburbs] 29/12/2009 18:58

Nothing of any real interest in the results. Progress remains slow. This comparison shows the progress in the last 6 months. Main progress is that rents are now similar to recurring costs.

"Of the aggregate 21.4 million sq ft of Lettable Area ("LA") the developments can provide, the Company has constructed a superstructure of 4.98 million sq ft, of which 2.06 million sq ft was operational (ready for occupation) by 30 September 2009. The balance of 2.92 million sq ft can be made operational at relatively short notice based on market conditions and tenancy. An area of 1,049,071 sq ft has already been leased and is currently generating rental income. Total LA of 1,793,685 sq ft is committed under binding pre-lease agreements and LA of 251,548 sq ft is committed under Letters of Intent."



"Of the aggregate 21.4 million sq ft of Lettable Area ('LA') the developments can provide, the Company has constructed a superstructure of 4.7 million sq ft, of which 1.46 million sq ft was operational by 31 March 2009. The balance of 3.2 million sq ft can be fitted out and made operational at relatively short notice based on market conditions and tenancy demand. 717,562 sq ft has already been leased out and is currently generating rental income. In addition, LA of 1,769,139 sq ft is committed under binding pre-lease agreements and LA of 375,137 sq ft is committed under letters of intent."

[fireplace22] 29/12/2009 18:57

Results published.

[fireplace22] 29/12/2009 13:16

It was the interims that were/are due today.

Unitech Corporate Parks Plc (AIM: UCP) will announce results for the six months
ended 30 September 2009 on Tuesday, 29 December 2009.

[andrbea] 29/12/2009 12:46

where's the update then?

[sweety1] 26/12/2009 12:53

Trading update 29/12 and conference call 6/1/10 lets hope we get some clear indication on where this is going next year and the timescale to achieve this, as this is becoming such a boring share to hold.

[vlain] 15/12/2009 09:04

surely this is the new trading range, is below 20p behind us now, hope so!

[5dally] 15/12/2009 08:57

Think your right there Dibbs :-)

[dibbs] 14/12/2009 12:28

Vlain, UCP does this to you! Seen a few come and go due to the lack of action here, it is tiresome to say the least.

The longer a share trades sideways within a range the more powerful the breakout when it comes from my experience. That's what I keep telling myself anyway;-)

Dibbs

[vlain] 14/12/2009 08:36

up and down, bloody frustrating this. Coming to the end of my teether with this, hanging by a thread!

[dibbs] 04/12/2009 15:53

looks like being squeezed a tad higher again today whilst resisting a decisive breakout. Will we finally see UCP clear 25p or is this the top for now. Fingers crossed it's the former....

Dibbs

[mattjos] 03/12/2009 20:52

cagey day ... has the seller run dry? loads been in and out of this one ... is this the turn? still watching at the mo but is getting interesting

[chrisis33] 03/12/2009 17:20

24/25 on close. Up a little again - we'll be pushing highs for the year soon on another day's rise.