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 Shares Traded Last Trade
  0.00 0.0% 172.50 7,386 01:00:00
Bid Price Offer Price High Price Low Price Open Price
160.00 185.00 172.50 172.50 172.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 11.18 6.82 7.63 22.6 151
Last Trade Time Trade Type Trade Size Trade Price Currency
14:14:41 O 57 182.75 GBX

Uil (UTL) Latest News

More Uil News
Uil Takeover Rumours

Uil (UTL) Discussions and Chat

Uil Forums and Chat

Date Time Title Posts
07/8/202011:46Utilico for "good long term record in stock selection"1,029

Add a New Thread

Uil (UTL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Uil trades in real-time

Uil (UTL) Top Chat Posts

Uil Daily Update: Uil Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker UTL. The last closing price for Uil was 172.50p.
Uil Limited has a 4 week average price of 165.50p and a 12 week average price of 150p.
The 1 year high share price is 262p while the 1 year low share price is currently 117.50p.
There are currently 87,733,389 shares in issue and the average daily traded volume is 5,565 shares. The market capitalisation of Uil Limited is £151,340,096.03.
morton2011: feels wrong to only be warning of problems but as a few of us have invested and followed UTL thought I would update. NAV is simply not reflecting the current situation. Somers is the largest investment in the portfolio and its value is based on the price in Bermuda which rarely trades. That price has not moved in the last week. Somers largest investment is/was Resimac which was 50% of gross assets, its share price on ASX has halved. The sale of BCB has not completed despite the annoucement it was to shortly end of Feb and PFG in the UK has had its share price half. The problem is compounded as UTL lends money to its platforms as well as owning shares and has lending to Somers but only splits them out in Annual reports. There are similar issues elsewhere. Closely watch Resolute Mining and whether ICM make the investment they are due to this week, Resolute said it would be w/c 16 March not 13 March as in my previous post checking more carefully. Some solid investments within its just the valuation that I think is way off the mark
vacendak: Duncan Saville is offloading some shares during this financial storm. Why? On the one hand, it certainly does not give the right signal. On the other hand it releases some shares in the market and hopefully will improve the real free float (shares not own directly or indirectly by the ICM people). @SpectoAcc I follow your lamentations on the RSG thread. I shall consider myself lucky. After having exited UTL, I looked into putting some of the proceeds in HWSL and RSG. In the end I decided against it on a whim really... pfew! Well, the more boring stuff I got is still tanking like everything else right now, but at least there is some logic in it. For RSG, it is indeed beffudling. Maybe they dig "the wrong kind of gold" or have leaves on their tracks in the mines...
vacendak: The RNS about shifting to the Specialist Fund Segment. Https:// Good thing that the not-friends&family-of-Duncan-Saville will see their votes counted separately. The 75% have already announced support; but at least 50% of the last 25% need to vote in favour, so 12.5%. They have taken a leaf from Project Fear to scare us into voting in favour. Doing nothing means that the minimum threshold will be crossed sooner or later (nothing forbids the directors to buy). If it happens while UTL still trades on the Premium Listing, UTL will be expelled and we will no longer be able to trade our shares. Once on the SFS, expect the spread to widen even more as the Chairman's letter implies. So, roughly speaking, we have until end of October to unload our UTL on the market if we want to exit at today's spread. The switch is for November 6th. The share price might go up, with the promised reining in of the discount at 20%; but liquidity will surely be hit badly once on the SFS.
ceaserxzy: If the insider/management are confident of the valuation, a very easy way for them to increase their ownership of the company (assuming they are already approaching owning more than 75% therefore the need to change the company segment to allow them to do more buybacks), they could pay out the accrued income of almost 20p a share and then buy more shares from the market using this income paid to them, which will increase their shareholdings by almost another 5% assuming the share price don't appreciate significantly from its current price, essentially all paid by the company.
morton2011: Right segment for UIL. Share buybacks do not make any profit for UIL for @ceasar info. They get cancelled at the price paid in the market. Its the shareholders who can profit as less shares owning the same assets should lift the share price. Challenge here is the assets are difficult to value. It will only help the share price as well if those holding shares know the company will buy if the discount is over a %. The moment they stop offering to buy the discount will reapply as its all the same assets, the debt will have gone up (or the gearing if they use cash in the bank which reduces the assets) and ICM will own well over 75% of the shares. So why would an investor want to hold the shares once the buyback completes? UIL will be in a poorer governance and value position than it is today from the point of view of a small shareholder.
vacendak: Drastic decision: In a way, they accept the reality: Not enough shares moving around, very low level of free float. To me this "Specialist Fund Segment" means even less liquidity for the shares. hTtps:// I have held UIL Ltd in one form or another since 1997, so I am sentimentally attached to the company. I know, this is a horrible reason to hold, confirmation bias and all... Maybe it is time to exit? Then again, this sounds to be a positive move from the 9p jump in response to the RNS. .
vacendak: NAV at 397.66p, a 5.9% jump within a week. I know gold is pretty hot right now, but Resolute is not everything. It could also be that Sterling has taken a dive recently. The huge gap between cum- and ex-income picked up by Morton is now in its fifth NAV update and running. Although the share price is going up, the discount remains stuck at around 40%. This is despite the momentum in both NAV and share price over the past couple of months. UTL seems to have slightly more trades per day than it used to as well.
morton2011: Any reason known for the nett asset on the income side jumping by 20p in the RNS of 1 June which is a massive jump? The ex income reduces by a similar amount. That income will need to be paid out at some point presumably and perhaps behind the shuffling in ICM. UIL sitting on quite a lot of income already. Afterpay continues to shine and UIL been steadily selling down it's stake. I noticed that PayPal in UK offer the same 'free credit' facility now that afterpay is all about. The valuation seems high so sensible to keep trimming the holding and realise the cash.Zeta share price will not increase despite all the buybacks and ICM must own nearly all of it now.
vacendak: A flurry of sales/buys which were in essence exchanges between the key players and the funds/companies they are related with. Charles Jillings' wife is also involved. Two lots of shares marked as sell (200,000 and 383,790), but as the RNS show this did not really matter as the share price was up by 4p or 1.9% by the end of the day.
ceaserxzy: The NAV has gone up by almost 25% from the 2nd of Jan. to the 2nd of July. This is really cheap for such good performance. Multiple directors buys every quarter are also reassuring. The good quality and diversified underlying investments, in uem, apt, rsg, plus the double discounts in somers and uem etc, make the big discount of over 40% even more attractive. Recent share buybacks are also useful for hopefully putting some spur to the share price and narrow that big discount.
Uil share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200810 22:24:12