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Share Name Share Symbol Market Type Share ISIN Share Description
Uil Limited LSE:UTL London Ordinary Share BMG917071026 ORD 10P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.73% 276.00 268.00 284.00 276.00 275.00 275.00 2,161 12:18:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 12.7 8.5 9.8 28.2 242

Uil Share Discussion Threads

Showing 1126 to 1149 of 1150 messages
Chat Pages: 46  45  44  43  42  41  40  39  38  37  36  35  Older
DateSubjectAuthorDiscuss
02/7/2021
16:49
Your problem might be a silly spread when you sell. Best of luck anyway. I have only read the latest factsheet (May) today and they now have "ICM Mobility Ltd" in the fourth spot. This looks like a "platform" for transport and associated technology. Our old friend Vix is in there. hTtps://www.icmmobility.com/
vacendak
02/7/2021
16:37
First one in ages, & not seen that volume through the market: "The Board of UIL Limited (the "Company") announces that on 2 July 2021 the Company purchased for cancellation 125,000 ordinary shares of 10p each at a price of 274.96p per share. The lowest/highest price paid per share was 273.50p/280.00p respectively." Fairly confident continuing to hold, think they may be breaking out, assisted by NAV sleight-of-hand & buyback.
spectoacc
01/7/2021
15:01
There's that NAV. If nothing else, it's going to make the discount suddenly look more enticing. @vacendak - can see an argument for qtly NAV done like that - daily seems almost pointless under current circumstances.
spectoacc
29/6/2021
15:58
@CC2014 Indeed, this is a bit dodgy. Maybe they should adopt the same solution as ICM - was it for Zeta? - and change to an auditor more willing to see things their way. The ideal solution to UIL's NAV would be to employ an independent third party to calculate it daily instead of doing it on the kitchen table between friends.
vacendak
29/6/2021
15:48
If one looks there and searches for FRS 102 they can get to this: hTtps://www.frc.org.uk/ "For financial instruments held at fair value in the statement of financial position, a financial institution shall disclose for each class of financial instrument, an analysis of the level in the following fair value hierarchy (as set out in paragraph 11.27) into which the fair value measurements are categorised. A fair value measurement is categorised in its entirety on the basis of the lowest level input that is significant to the fair value measurement in its entirety. . Level 1: The unadjusted quoted price in an active market for identical assets or liabilities that the entity can access at the measurement date. . Level 2: Inputs other than quoted prices included within Level 1 that are observable (ie developed using market data) for the asset or liability, either directly or indirectly. . Level 3: Inputs are unobservable (ie for which market data is unavailable) for the asset or liability." Basically, they are doing Somers on "level 2". So, the way I understand it, is that if they did not have their "platform" structure and held everything directly under UIL Ltd, they would not need to do these language calisthenics as everything would remain at "level 1". Now, taking the excuse of doing level 2 because Mr Market refuses to trade in Somers when it is only listed in Bermuda and with a ridiculously low free float (owned by the usual suspects) is for another topic of discussion.
vacendak
29/6/2021
15:29
I know this is not the thrust of your post SpectoAcc but one wonders how Somers are valuing PCF Bank since it's now been suspended for 7 weeks, can't get it's account agreed by it's auditors and seems to have deliberately been misreporting it's CET figures under instruction of senior management/staff some of whom seem to have been kicked out. PCF about 6% of Somers assets so not really mission critical but interesting nonetheless
cc2014
29/6/2021
15:06
I know two regular posters who'll have something to say about this :)) "NAV based valuation for Somers The Board of UIL Limited ("UIL" or the "Company") announces that the Company will move to valuing its investment in Somers Limited ("Somers") at its net asset value ("NAV"). This will lead to an increase in UIL's reported NAV. For example, had this valuation approach been adopted for UIL's NAV as at 28 June 2021, announced earlier today, the reported NAV of 395.11p per share would have increased to 435.09p per share. The low level of transaction volume in Somers' shares led to UIL, earlier this year, moving away from valuing Somers at its share price to a valuation at a 15% discount to Somers' NAV. UIL also stated that it intended to reduce such discount later in the year. In light of accounting best practice and continuing low volumes in Somers' shares, it is therefore now considered appropriate to move to valuing UIL's investment in Somers at its underlying NAV and this will commence with UIL's NAV as at 29 June 2021, to be announced tomorrow." Leaving aside points for others to validly make, wonder what this means for the "medium term target of 20% discount to NAV" for the share buy-back. Which already appears to have fallen by the wayside, since we're at 395p NAV without this.
spectoacc
24/6/2021
16:23
Buyback seems to have disappeared again, but 381p NAV (albeit a "UTL NAV") to 256/268 s/p.
spectoacc
10/6/2021
11:55
Classic ICM at Zeta. They get horizon gold spun out of Panoramic Resources. Underwrite and contribute 5 million aus dollars to recent fundraising at Horizon. Horizon then a few months later lend (back) 5 million aus dollars to Zeta at 5%. ICM earn lots of fees no doubt.15 June is last day for capital bonus issue at Zeta so expecting some ICM alchemy with that around UIL shares and loans.
morton2011
09/6/2021
14:21
Seeing the spread widen to 14p reminding me of the Covid era spread of 38p. Couldn't even get a long way inside it for much size.
spectoacc
03/6/2021
14:24
It will be interesting to see what PCF held by Somers is worth if and when PCF can get their accounts agreed. Not important in the scheme of things as UIL portfolio around a third invested in Somers and Somers around 6% invested in PCF, so around 2% of UIL
cc2014
03/6/2021
13:51
Last NAV 390p, impressive, even if it's done with excessive gearing/engineering.
spectoacc
19/5/2021
16:38
They seem to be finding some - not huge, but soaking up the sells & threatening breakout again: "The Board of UIL Limited (the "Company") announces that on 19 May 2021 the Company purchased for cancellation 35,000 ordinary shares of 10p each at a price of 262.00p per share. The lowest/highest price paid per share was 262.00p/262.00p respectively."
spectoacc
12/5/2021
17:17
Where is the magic tree for the buyback money?! Zeta doing well with its decent Copper miner from Canada its held for a long time. The ICM question is how do they participate in the Capital option for Zeta which expires in June, expect they will convert the UIL debt in Zeta into equity with normal smoke n mirrors. Good for the NAV but does not appear to generate cash for any buybacks.
morton2011
12/5/2021
14:27
Need a break up and out - not far off - might need RSG to keep dcb'ing off the lows. I'll be out when the buyback eventually gets it to discount target, wherever that might be at the time.
spectoacc
12/5/2021
14:20
Nice uptick today.
vacendak
12/5/2021
14:15
Not sure why the buyback has gone so quiet, still miles below NAV discount target.
spectoacc
26/4/2021
12:46
Well, in the end, "the system" had not updated on Friday and I have now received my notice/result for the rollover. All my 2022s holdings have now converted to 2028s as planned and... I shall keep the additional extra shares I had applied for. Since I am happy with this, I shall not ask any more questions. Not sure where these come from; but I have paid for them, so this is the end of the story as far as I am concerned.
vacendak
26/4/2021
09:03
It is very likely down to the magic of Depositary Interests and the ineptitude of EQi. :) The ZDPs are DIs in my ISA.
vacendak
26/4/2021
07:30
The placing was cancelled. The rollover and initial offers were met in full, was my reading of the rns. I sold my 22 shares and succesfully subscribed to the initial offer.
rob the slob
23/4/2021
17:24
...and I have already made 2% on the 2028 today! :)
vacendak
23/4/2021
16:12
Looks like EQi messed up with my ZDP holdings. I had asked for the following: 1) Rollover ALL of my ZDP 2022 into 2028. 2) Get more from the placing programme. Somehow I end up with: * My old ZDP 2022 holdings untouched as in "not rolled over". * Everything I wanted from my placing instructions... which technically has been cancelled. I have sent a message asking them to explain. Ironically, I am closer to what I wanted with things being this way rather than rollover only. Let's see if they can rollover my initial holdings retroactively.
vacendak
23/4/2021
10:36
I think the why is explainable. It was apparent to them that they were struggling to get the 28's away and the share price discount remains. It must be frustrating for the major shareholders, especially if some of them are looking for an exit with indices at all time highs. On the other hand these Edison research notes are very helpful to investors, comparatively cheap to produce and I suspect it may be nothing more than that. The daily NAV is a good thing too and I'm personally now very frustrated with some IT's, for example M&G that only report every 3 months, or every month but 3 weeks after the month end. In this fast moving world I'm not interested in investing in a Trust that can only be bothered to work out the numbers so slowly (unless of course I know the underlying has moved in which case their slow pace I'll take advantage of) As you know I passed on the 28's, mostly because I felt 5.75% just wasn't enough when everything was taken into consideration. Sure, it's a great rate in 2021 but I'm not so sure it will look so great in 2023 onwards. Time will tell. Also, the underlying investments carry a level of risk which personally makes me feel uncomfortable. I recognise I am more risk adverse than most investors. Also, I have 26s so that kind of added slightly to my views. I think we can sucessfully argue they nearly pitched it about perfectly as they just about got the issue away although it seems Shore Capital are using "their best endeavours" to shift the last lump. I suspect tbh Shore Capital haven't shifted all of them and they are sitting on them, as surprise, surprise it is them at are sitting on the bid at 101p today and on all the others.
cc2014
23/4/2021
09:39
Yep, this is what I have read in the tea-leaves too. It would make sense. Have people noticed the Edison report today? Unless mistaken, this is the first time this has happened. Those things are paid for though, not outright paid to say nice things, but they are not fully independent. They have been making a lot of efforts on the public relation side lately, the daily NAV, now the Edison review... Why? When hardly anybody beyond the friends and family of the ICM crew hold the shares.
vacendak
Chat Pages: 46  45  44  43  42  41  40  39  38  37  36  35  Older
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