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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Uil Limited | UTL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 112.50 | 08:00:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 113.00 | 112.50 | 113.00 | 112.50 | 112.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 16/09/2024 | Interim | GBP | 0.02 | 26/09/2024 | 27/09/2024 | 08/11/2024 |
| 21/06/2024 | Interim | GBP | 0.02 | 04/07/2024 | 05/07/2024 | 31/07/2024 |
| 21/02/2024 | Interim | GBP | 0.02 | 09/05/2024 | 10/05/2024 | 04/06/2024 |
| 20/11/2023 | Interim | GBP | 0.02 | 30/11/2023 | 01/12/2023 | 21/12/2023 |
| 19/09/2023 | Interim | GBP | 0.02 | 28/09/2023 | 29/09/2023 | 13/10/2023 |
| 22/05/2023 | Interim | GBP | 0.02 | 01/06/2023 | 02/06/2023 | 26/06/2023 |
| 21/02/2023 | Interim | GBP | 0.02 | 02/03/2023 | 03/03/2023 | 31/03/2023 |
| 18/11/2022 | Interim | GBP | 0.02 | 01/12/2022 | 02/12/2022 | 22/12/2022 |
| 23/08/2022 | Interim | GBP | 0.02 | 01/09/2022 | 02/09/2022 | 30/09/2022 |
| 24/05/2022 | Interim | GBP | 0.02 | 01/06/2022 | 06/06/2022 | 30/06/2022 |
| 18/02/2022 | Interim | GBP | 0.02 | 03/03/2022 | 04/03/2022 | 31/03/2022 |
| 23/11/2021 | Interim | GBP | 0.02 | 02/12/2021 | 03/12/2021 | 23/12/2021 |
| 23/08/2021 | Interim | GBP | 0.02 | 02/09/2021 | 03/09/2021 | 30/09/2021 |
| 24/05/2021 | Interim | GBP | 0.02 | 03/06/2021 | 04/06/2021 | 28/06/2021 |
| 19/02/2021 | Interim | GBP | 0.02 | 04/03/2021 | 05/03/2021 | 31/03/2021 |
| 23/11/2020 | Interim | GBP | 0.02 | 03/12/2020 | 04/12/2020 | 21/12/2020 |
| 24/08/2020 | Interim | GBP | 0.02 | 03/09/2020 | 04/09/2020 | 25/09/2020 |
| 27/05/2020 | Interim | GBP | 0.02 | 04/06/2020 | 05/06/2020 | 26/06/2020 |
| 24/02/2020 | Interim | GBP | 0.02 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 15/11/2019 | Interim | GBP | 0.01875 | 05/12/2019 | 06/12/2019 | 20/12/2019 |
| Top Posts |
|---|
Posted at 10/10/2024 08:58 by vacendak Zeta is now being merged/absorbed by UIL. Things are moving fast. Not that any minority shareholder would have much of a say in it anyway.ICM must be laughing all the way to the bank with all these fees! :) |
Posted at 08/10/2024 16:11 by morton2011 Bit more in that link Rik..'Given this, the logical conclusion is to work towards taking the Company private and cancelling its stock exchange listings following the redemption of the 2028 ZDP shares.The Investment Managers and majority shareholder both recognise this and have combined to put forward proposals, which the Board supports, to manage UIL over the next four years with a view to realising sufficient investments to enable the redemption of the ZDP shares and provide an opportunity for the UIL minority shareholders to exit.To facilitate this, it is the intention to simplify the platform structures. This is likely to result in merging the Somers and Zeta investment vehicles into UIL, thereby consolidating the investments of Somers and Zeta with those of UIL. Such proposals will increase UIL's asset base, although the external minority interests in UIL will decrease as a percentage of the shares in issue, owing to the UIL majority shareholder's current shareholding in Somers and Zeta. It is proposed that these consolidations will be implemented at NAV to NAV.As referred to above, it is UIL's current intention, in the absence of unforeseen circumstances, to maintain the annual dividend at 8.00p, payable quarterly.Furthermor |
Posted at 08/10/2024 08:19 by vacendak It comes at a suspiciously perfect time.Wheels within wheels: I bet the $41M will be used to emit warrants that will be sold to UIL then used as collateral for Somers who will will borrow to lend back to Zeta that in turn will release them as dividend to generate the cash for the ZDP 2024 due at the end of the month. :) Well, as long as I get my money on the ZDPs... who am I to ask where it comes from? |
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 11:23 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 27/5/2022 06:51 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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