Ucp Share Discussion Threads

[vlain] 27/1/2010 13:36

will we see a late afternoon recovery!

[oolaboob] 20/1/2010 09:44

Only another 100k ysterday however there were a few large sells (normal trades, not at's) which begs the question...who took them.

[oolaboob] 19/1/2010 14:06

cg,
there's your answer, they picked up another mill yesterday and looking at L2 probably today as well

[john henry] 18/1/2010 15:59

Still a willing seller around for Nectrus to buy. Without Nectrus support share price would be easily in the TEENs. Aimho

[cgequityinvest] 18/1/2010 13:40

The buyer could well be Nectrus. If the bid for 715k reduces in line with further announcements re Nectrus share purchases we will know the answer.

What is not revealed as far as I can see is the precise terms of the Nectrus share deal - i.e. how long after each quarter end they have to purchase shares - there must be some agreement that they have to buy within a certain period.

[dibbs] 18/1/2010 13:14

Sellers not rushing forward for 28p on the bid. Looks like our buyer may have to move further to get his stock:-)

Dibbs

[dibbs] 18/1/2010 12:29

cgequityinvest,

Nice summary. Looks like our big buyer who was not on the order book this morning has returned, bidding 28p now for 715k shares. Nice!

Dibbs

[cgequityinvest] 17/1/2010 20:17

Having listened to the results discussion it is apparent that the management are expecting to announce a number of new lettings shortly. However as important than this management seemed to be cautiously optimistic that the market has bottomed.

There still seems to be a question mark regarding exit strategy but my feeling is that this is priced in given the dscount to NAV.

In terms of Nectrus I have added up their share purchases to date and they have now purchased 13,690,190 shares at a cost of £3.06m, i.e. an average price of 22.3p. Looking at the terms of the management agreement they are required to use 75% of their mgment fee to purchase shares. This agreement started on 19th Feb 09. The interim accounts show that this 75% fee totalled £1.98m for six months. Assuming that the same fee level applied for the whole period 19 Feb09 to 31Dec 09 shows that the total mgment fee required to be invested in shares is £3.4m. (NB this figure is likely to be wrong because the 75% fee will have been different for the short period between 19/2 and 31/3 and post 30/9. However its a good guide and suggests that Nectrus still have funds to invest (and support the share price). I therefore expect further share purchases over the next weeks/months.

Using the same historic fee level of £1.98m for six months also suggests that Nectrus will (ignoring any catch up) be investing circa £1m per quarter in shares.

So on the upside I see the key points being the current debt free basis, the signs of recovery in the Indian market and the significant discount to NAV. I see the key risks as an act of major terrorism in India which deters Western firms, a double dip recesssion and questions marks over exit. On balance I think there is some upside in the share price and doubled my stake at the turn of the year. A bullish statement re recent lettings should certainly help short term prospects for the share price

[oolaboob] 15/1/2010 15:44

dibbs, I think they're just picking their moment eg:
(another one lol)




Think the aggressiveness will come when all those shares are soaked up.

I think that mill'ish was at 25p last week so they're slowly moving up.

[dibbs] 15/1/2010 13:42

loafingchard,

Hard to say.... What I do know is that someone is still bidding 27p for over 1 million shares. Prior to now this would have been filled in no time at all. Will our buyer sit tight or move their bid up? Most of us on here would like to see the buyer become more aggressive!

Dibbs

[loafingchard] 15/1/2010 10:48

In breakout mode now , will it pop ?

[loafingchard] 14/1/2010 12:43

Good to see Nectrus adding again :)

[oolaboob] 14/1/2010 11:31

and another one......



as dibbs says level 2 loaded today, looks like a game of poker to me and will be interesting to see which breaks first. The 115k at 28p on the offer or the 50k at 27.5p and 1.2 mill at 27p. Might take days, lol :-)

[dibbs] 14/1/2010 09:32

1.2 million on the bid at 27p. Interesting to see if a seller is found to fill this or whether stock at this price is drying up.

Dibbs

[ntbb] 12/1/2010 15:39

good news indian currency looking very strong which will put more value to the property

[dibbs] 11/1/2010 13:52

Good to see this breakout still seems to have legs. Level 2 looks pretty strong still so promising signs for more to come.

Dibbs

[mister md] 11/1/2010 09:01

I tend to view breakout time as a chance to make some money by not selling up too soon !

[katylied] 09/1/2010 09:59

I tend to view the bandwagon arrival of the tech-analysts
as very often a sell signal... Ho Hmmmmmmmmmmmmm...

[navyan] 09/1/2010 00:43

PCI/AEX both looks good. I held them before, but traded AEX to early. AEX should rise to 14.5p and then retrace back to 11p, but final target 21p. in couple of months time maybe. GL mate.


free stock charts from www.advfn.com

[bones30] 09/1/2010 00:31

Yes, as you know I'm not a huge believer in charts. They are only a factor in my thinking. I don't blindly follow them, prefer fundamentals.

The one chart I do follow is the AXX chart. Massively oversold when compared with the FTSE. Time to buy AIM was before Xmas.

PCI, AEX, EO. all looking good though, if your a chart follower.

[navyan] 09/1/2010 00:22

bones30, UCP steady uptrend, HOLD, imo.

so you have been making money erh? glad to know that.

left a chart on GAS thread, waiting it to breakout.

so many good opportunities around atm.

[bones30] 09/1/2010 00:14

So nav, thoughts? I'm thinking breakout personally.