Uil Share Discussion Threads

[praipus] 28/9/2012 09:17

Proposed placing of 2018 ZDP's

[praipus] 24/9/2012 11:31

Utilico mention in TCT The Cayenne Trust Plc Half Yearly Report

[praipus] 18/6/2012 13:32

Bid for one of theit smaller holdings OTE

[praipus] 18/5/2012 11:21

Interesting to note one of the firms long established Analyst/Managers making a move to PEW.

[divinausa1] 11/4/2012 00:07

quiet here nice director buys in recent days...

[trustman] 06/2/2012 18:26

Many thanks Morton......I have bought a few of the 2018 Zeros and will now look more closely at the Ords after that helpful insight.T

[morton2011] 06/2/2012 10:16

if you follow the structure of Utilico you end up in sydney with Duncan Saville and ICM. He controls (or at least appears too) over 50% of Utilico equity and his investment company ICM does control the investment strategy for UTL. The big trade last week was effectively a transfer from his pension fund to ICM so did not really make any change to who owns Utilico.

in relation to Resolute (RSG) Saville has effectively held a lot more than Utilico's holding (look at the major shareholder notices of Resolute)

he has been steadily selling down some of his other vehicles holding in Resolute but Utilico has not.

with all that said RSG price is at the highest it has been for sometime so Trustman correct RSG is a large % of utilico but it always has been around that level

his UK investments of last few years have a (very) poor record so far - AUG, ASTO, OTE. As UTL was over 70% invested in IEM (another Saville vehicle), IFT (yes, he is on the Board) and RSG this has had little effect as the 3 have performed well. IFT is the only utility as I would define it that utilico holds of these 3 investments. Gold bugs may disagree.

overall track record is good and better than humble PI's like myself tend to achieve. a shame the structure is so opaque and that individual shareholders have little effective voice which I think is why the discount remains stubbornly around 30% to NAV.

I tend to trade in and out of UTL equity as I remain nervous on Gold but hold some of the ZDP long term which are a more relaxing way of following UTL

[trustman] 06/2/2012 09:17

Resolute Mining a huge proportion of assets.

[praipus] 31/1/2012 21:01

Hmmm interesting thought, how many options are there?

[trustman] 28/1/2012 18:36

Many thanks Praipus.
Good start, but not a big issue. Will they sell any of their large holdings?

[praipus] 26/1/2012 09:54

UTLD 2018 ZDP's chart added to 106

[praipus] 16/1/2012 18:39

The owners or vehicles relating to them control over 50%.

CGT who (also have an impressive record) only allocate:

2.3% to 2012's
.89% to 2016's
and .3% to ords.

[trustman] 16/1/2012 17:35

Sorry travelling.......5%.T

[praipus] 13/1/2012 13:02

Hi Trustman, what % of your portfolio are you proposing to allocate here?

[trustman] 13/1/2012 12:02

Praipus, I have noticed over time your interest in splits.
Reading the annual report there looks like being a new 2018 issue.Do you think this will be attractive as the ones I have invested in have been with more conventional split trusts? T

[praipus] 14/11/2011 18:08

Hi Kombimatec,

ZDP = Zero Dividend Preference

These accrue capital throughout their life.

If the company was liquidated for some reason as "Preference" shares they would be first in the que after the banks and before the ordinary shareholders for any liquidation proceeds.

Good idea to go to the company website and take a look at the capital structure to double check my assumptions for your self.

[kombimatec] 14/11/2011 16:22

Can anyone explain the mechanics of the 2014 ZDP shares. The initial cost, are they interest bearing and end value. Thanks

[praipus] 02/11/2011 11:07

Updated the header to show new website (looks good IMHO) and investment objective.

[davebowler] 31/10/2011 11:13

Net Asset Value - ex income 25 Oct 222.46

[davebowler] 09/9/2011 12:12

Welcome jump in the price - its getting closer to NAV which, as at 6 Sept was 222.73 , but its still at an attractive discount.

[praipus] 07/9/2011 17:54

Hi Morton 2011 welcome to ADVFN and this BB.

UTL/UEM, and GPLPF are basically investment vehicles for Duncan Saville (founder) and of course all its shareholders.

Before UTL/UEM there were predecessor's and the remit has changed from exploiting undervalued utility companies or deep value investing to the former and a broad remit absolute return fund.

P