Uil Share Discussion Threads

[spectoacc] 11/11/2016 09:31

Resolute looks to be off 11% with the gold price, but it's a weird UTL tank - is it another holding?

[martincc] 11/11/2016 09:30

4 sells showing so far, down 14%?

[spectoacc] 11/11/2016 09:28

Eh? Just fell off a cliff.

[vacendak] 10/11/2016 13:08

I guess today is the day the ICM secretary is busy updating the websites. :)

UIL Ltd fact-sheet for October is up.
hxxp://www.uil.limited/files/6114/4835/6714/factsheet_blue.png
October was mildly bad for the UIL Ltd family as a whole(see Zeta above).

Morton was right: The ZDP 2016 redemption went straight to debt with an extra £1.5m on top.
The gearing is up a bit: 68.8% (65.6% last month).

[spectoacc] 10/11/2016 12:08

Agreed; everyone's focussed on the US, but even beyond Italy's vote in early Dec, there's 11 European elections coming up in 2017. Heck, they might all go well. Or we might have President Le Pen.

[vacendak] 10/11/2016 11:59

You are right, let's not mix politics with money.
Volatility, from uncertainty, is the keyword.

Next event will be a euro event: The referendum in Italy early next month.

This time a gold hedge (UIL indirectly to some extent) could actually work. Yesterday it did not because the $ tanked against £ while gold was up and gold is priced in $.

[spectoacc] 10/11/2016 11:09

We'll have to agree to differ! Trump's a poor businessman, a brilliant rabble-rouser, and to be fair, a pretty good reality TV star. He's not a leader, he's not a Commander-in-Chief, and now he's facing two choices:

1. Follow through on his promises, on what got him elected - repeal Medicare, withdraw from NATO, tear up the NAFTA, build a wall etc.

2. Do none of those things.

My strong feeling is for no.2. These Clinton-supporter riots are as nothing on what's to come from the rabble he's roused. I don't see him lasting 4 years.

But there'll be a honeymoon period I agree - for a few months, even with Sarah Palin in the cabinet, all will seem fine.

What I bet we can agree on is - there's uncertainty ahead, and markets don't like uncertainty. Though I'd also have to accept that they seem to like it at the moment!

[vacendak] 10/11/2016 10:54

The market is strongly up after Trump's very sedate speech.
In fact, as half-expected, we have all likely recovered already our very small losses (compared to June 24th) from yesterday.

Whatever happens he will not be as terrible as people say and who knows he could even end up as a new Reagan - Reagan was less ridiculed back in '80 but was ridiculed nonetheless.

[spectoacc] 10/11/2016 10:25

Thanks @v. Am selling a few holdings post-Trump but keeping all of UTL. As you say, it's an income stock!

[vacendak] 10/11/2016 10:16

Zeta has posted their October fact-sheet:
hxxp://zetaresources.limited/files/6014/7873/3175/2016.10_ZER_October_Fact_Sheet.pdf

The NTA (Net Tangible Assets) value is down by 16.4%, mostly moaning about RSG falling over the month. October was slightly negative for everything Zeta: Oil, nickel, gold (in $ terms), etc.
Everything they hold has dropped. They mention the RSG new gold discovery at Syama (old news now).

The debt is improving: -A$46.2m. It was -A$54m in September.
Getting 4c per share from the NZOG dividend shall be the good news for the month then.

UEM has dropped significantly (about 5%) from its peak two weeks ago, but the NAV is rebounding.

Somers has recently re-purchased some shares.
hxxp://somers.limited/files/2914/7822/5163/20161103_Share_Repurchase_3Nov16.pdf

No big event that would potentially lift UTL at the moment.

[vacendak] 09/11/2016 21:11

Carnegie Wave Energy (ASX:CWE) has nearly doubled in value over the past three months. Technically it is rebounding, but let's try to see the glass half full.

The project in Cornwall mentioned in earlier reports is getting funded.
hxxps://cleantechnica.com/2016/11/08/carnegie-wave-energy-receives-grant-first-international-development/

Recap: UIL has acquired at least 5.07% of CWE back in June, it may now hold even more via the usual suspects: loans guaranteed on equity, warrants, etc.

Anyway, it is in the portfolio and is likely to provide a good return in the medium to long term. I keep ASX:CWE on my watchlist, along with RSG and TCH.

[vacendak] 08/11/2016 09:57

Damn you Specto! :)
I was actually doing some work when the RNS dropped, so you beat me to it.

Money to be paid just before Xmas then.

Still the same-old same-old 1.875p per quarter, rain or shine, reassuringly boring 1.875p. Forget about the basics and history of the company, this is an income stock!

[spectoacc] 08/11/2016 09:25

Thought I'd get a post in ahead of @vacendak ;)

"The Board of UIL has declared a first quarterly interim dividend of 1.875p per ordinary share in respect of the year ending 30 June 2017, which will be paid on 21 December 2016 to shareholders on the register on 2 December 2016. The ordinary shares will go ex-dividend on 1 December 2016."

[vacendak] 07/11/2016 10:04

More selling of ZDP 2020, as usual at a premium, which is picking-up a bit for these:


Ticking up by 1.5p this morning, still no buy/sale today though.
UIL has not correlated much with the Trump/Clinton rigmarole, so there must have been other factors in the drop then this small upturn.
It could have been the ZDP 2016 redemption. The next factsheet should clear that up.

[energiser01] 05/11/2016 00:05

hxxp://ican.tddirectinvesting.co.uk/alliance-news/financial-adviser-ascot-lloyd-withdraws-aim-ipo-amid-low-interest-allipo-31-10-2016/

[vacendak] 04/11/2016 19:39

@topvest
Funny thing, I did a few searches on Google/etc. this afternoon and could not find anything about it. There was a cached result from the LSE website, but when clicked it reported a dead link.

No news about this on the ICM website either.

Stockdale securities are partly owned by Somers and handled the placing of the ZDP 2022 and extra 2020 during the Summer. They did not do anything about Ascott Lloyd:
hxxp://stockdalesecurities.com/news/

I do not mean that they were meant to, but being part of the family, they could have handled it.

[topvest] 04/11/2016 19:09

Has Ascott Lloyd dropped its AIM admission?

[vacendak] 03/11/2016 16:44

I recently received a request to fill-in a "Foreign tax self-certification form" because I hold some ZDPs (my newly rolled-over 2022) and was not a resident of Bermuda.

I now feel rich by being treated like a potential tax evader! :)

And no, I do not produce programmes for the BBC, so like many others I pay my taxes.

More seriously I think I had to self-certified because I hold these on paper, usually people hold shares through nominee accounts or investement ISAs, both of which handle those things I assume.

[energiser01] 03/11/2016 14:41

US election uncertainty, helping strengthen gold.....dyor etc.....

[spectoacc] 03/11/2016 14:27

Bought again today, the tiny rise may be my fault ;) Partly anyway - all the "sells" today seem to be buys, MMs being very generous.

[spectoacc] 03/11/2016 06:45

Added yesterday; spread pretty tight from RSPs, was 170 sell/172 buy, vs 169/177 market.

[mad foetus] 02/11/2016 20:41

Resolute was up last night though and gold has perked up. Next year, Rodders!

[vacendak] 02/11/2016 20:15

Still ticking down. 173.5p today at close.
The market giveth... The market taketh away... :(

[vacendak] 31/10/2016 20:12

@Morton

Idiot! No... not you, me! :)
Rookie's mistake. Oh well, "it had been a long day" shall be the excuse.