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UTL Uil Limited

106.50
2.50 (2.40%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Uil Limited UTL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.50 2.40% 106.50 11:05:32
Open Price Low Price High Price Close Price Previous Close
104.00 104.00 106.50 106.50 104.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Uil UTL Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/02/2024InterimGBP0.0209/05/202410/05/202404/06/2024
20/11/2023InterimGBP0.0230/11/202301/12/202321/12/2023
19/09/2023InterimGBP0.0228/09/202329/09/202313/10/2023
22/05/2023InterimGBP0.0201/06/202302/06/202326/06/2023
21/02/2023InterimGBP0.0202/03/202303/03/202331/03/2023
18/11/2022InterimGBP0.0201/12/202202/12/202222/12/2022
23/08/2022InterimGBP0.0201/09/202202/09/202230/09/2022
24/05/2022InterimGBP0.0201/06/202206/06/202230/06/2022
18/02/2022InterimGBP0.0203/03/202204/03/202231/03/2022
23/11/2021InterimGBP0.0202/12/202103/12/202123/12/2021
23/08/2021InterimGBP0.0202/09/202103/09/202130/09/2021
24/05/2021InterimGBP0.0203/06/202104/06/202128/06/2021
19/02/2021InterimGBP0.0204/03/202105/03/202131/03/2021
23/11/2020InterimGBP0.0203/12/202004/12/202021/12/2020
24/08/2020InterimGBP0.0203/09/202004/09/202025/09/2020
27/05/2020InterimGBP0.0204/06/202005/06/202026/06/2020
24/02/2020InterimGBP0.0205/03/202006/03/202027/03/2020
15/11/2019InterimGBP0.0187505/12/201906/12/201920/12/2019
27/08/2019InterimGBP0.0187505/09/201906/09/201927/09/2019
28/05/2019InterimGBP0.0187506/06/201907/06/201928/06/2019

Top Dividend Posts

Top Posts
Posted at 04/3/2024 16:11 by cc2014
Thank you for posting this.

I still come to take a look at UTL once to twice a month but I'm not persuaded there is value here, until the gearing is reduced.

I cannot see how UTL can roll the zero's at any less than 10% at the moment so it looks like the deleveraging will continue for some time.
Posted at 04/3/2024 15:21 by vacendak
Getting concerned about the talk regarding the debt and the delayed dividend payment. I assume this is to pay off the ZDP 2024 as, unless I have missed it, there has been no talk of rollover yet. I was going to redeem my 2024 ZDPs anyway.

It also sounds like the bank, Nova Scotia, is not willing to lend as much as before.
Posted at 27/7/2023 12:23 by cc2014
Only at UTL. From the last factsheet.

The valuation of Allectus Quantum was increased by 214.1% due to continued progress against the business strategy by Diraq, its principal holding. However, Allectus Capital's carrying value was reduced by 19.9% over the month.
Posted at 21/12/2022 15:31 by cc2014
I think I may now understand how UTL managed to sell so many millions of shares in UEM now. I could never figure it out at the time. Presumably to a Saville third party trust or some such that didn't have to declare the purchase.

I find it hard to see myself buying back in here again.
Posted at 21/12/2022 15:16 by spectoacc
It's kept going this long, hopefully you'll be fine.

Can't see me ever buying back into UTL.
Posted at 21/12/2022 12:58 by vacendak
This one is fun to read:


Long and short of it: Nothing happened.

From what I have understood (understood being a powerful word in the case of UTL) Saville was lending some money to himself with collateral from himself using shares in companies that invested in themselves. I know money was created, and distributed to Saville in the process; but I have no idea how! :)
Posted at 19/10/2022 11:52 by vacendak
Selling some more UEM, most likely to pay for our 2022 due at the end of the month.
UEM is not doing too badly considering the strong dollar and the overall current climate. I mean, it is not doing great but at least it is not collapsing.
Posted at 17/6/2022 11:18 by cc2014
Of course it's not unsolicited. Perphaps the shareholding is such they can argue that but the parties are clearly connected.

But, it's Bermuda isn't it. Like the chair of the meeting at Somers doesn't actually turn up and run the meeting as that's the way it works out there.

It's all wheels within wheels.

And now we have UTL selling down part of it's stake in UEM even though they point out with such force in the Edison report that it's a discount on a discount.

I'm delighted to be out of my 26's and 28's a few weeks ago, mostly triggered due to rising interest rates plus the fact the bank loan is due in about 3-4 months and they haven't yet renegotiatedt terms.

I assume the new 6% loan UTL will be taking out to buy part of the shares of Somers (how does that work if several parties are taking out one loan all on the same terms? No don't answer that, I'm probably seeing things that aren't there) will push the ZDP lower down the stack? Or perhaps they aren't taking out a loan but instead liquidating part of their stake in UEM to pay for it.

As I said I'm delighted to be out of my 26's and 28's. I have a few 22's. Surely they are safe and they redeem in about 4 months.
Posted at 30/5/2022 09:12 by vacendak
Another Edison report.


It reads as slightly less friendlier than last time, reporting on the low free-float, the high fees and the not-so-very-independent directors.
Still, it gives good marks to the company reducing its debt/gearing and - to reassure CC2014 - highlights their records at repaying their ZDPs.

They still have faith in Resolute Mining despite the terrible performance. Granted the situation in Mali is not their fault; but what is their fault is putting a lot of eggs in that basket.

Not sure about the choices for the peers - BMO Managed Portfolio. Really? - but when compared to those, UIL's performance is lacklustre. It only beats the simple average on dividend yield.
Posted at 27/5/2022 07:51 by cc2014
Over the last couple of weeks I've sold my 26's and 28's. I didn't have any 24's and I've kept my 22's.

April's factsheet shows:
Gross Assets £497m, Debt £196m,Net Assets £301m. The NAV was 359p/share

As of yesterday it would look like this:
Gross Assets £453m, Debt £197m,Net Assets £256m. The NAV is 306p/share

The 22's which has a size of £52m are due for repayment later in the year and as far as I can see UTL has little cash so that becomes bank debt unless UTL go for some 30's, which seems unlikly to me. The bank will be happy to lend them that as the ZDPs will be subordinated to them.

If you re-do the numbers based on what the market thinks UTL is worth at 202p/share you get:
Gross Assets £366m, Debt £197m,Net Assets £169m. Based on 202p/share


The level of gearing was starting to concern me and I didn't like being at the end of the stack. I'm a pretty cautious person and the risk/reward didn't feel quite right when I looked at how the rest of the market had moved since the start of the year and what returns I can now get elsewhere.

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