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
  2.00 0.78% 258.00 72,498 16:12:16
Bid Price Offer Price High Price Low Price Open Price
256.00 260.00 260.00 258.00 259.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 12.68 8.47 9.77 26.4 226
Last Trade Time Trade Type Trade Size Trade Price Currency
15:05:06 O 35,700 258.00 GBX

Uil (UTL) Latest News (2)

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Uil Investors    Uil Takeover Rumours

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Date Time Title Posts
01/3/202111:38Utilico for "good long term record in stock selection"1,080

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Uil (UTL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-03 17:05:06258.0035,70092,106.00O
2021-03-03 14:24:12259.284701,218.62O
2021-03-03 14:07:21258.004,89512,629.10O
2021-03-03 13:25:00256.0011,74330,062.08O
2021-03-03 12:11:42258.241,9405,009.86O
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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 256p.
Uil Limited has a 4 week average price of 213p and a 12 week average price of 177p.
The 1 year high share price is 260p 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 66,849 shares. The market capitalisation of Uil Limited is £226,352,143.62.
vacendak: htTps:// Daily updates for the NAV. The last three independent small investors on the register will be pleased to get more information. :)
vacendak: Switching from "What the market says" for the NAV to "What we think it is" may have helped too. True, the market did not say much, but it was UTL's own making: Hardly any free float to trade, not many trades, no efficient valuation. In an ideal world, buy-back would be used to correct pricing anomalies. UTL has a structural anomaly: They should hoover your shares indeed, de-list and go private.
ceaserxzy: Despite being opaque and trading on big discount like tetragon (tfg), this trust has performed much better than tfg. Multiple reason are behind the performance difference, such as it paying a maintained or even increasing dividend, buy back for cancellation shares at market price. Compared to this trust tfg is a disgrace as the its share holders are severely punished (deeply cut dividend and decreasing share price) while its managers are benefiting from increased fee through the nominal NAV increase.
morton2011: Good luck Specto. UTL remain like a flickering candle to my investor moth. I sold out last year and the price has kept rising so what do I know! One thing to watch out I learnt in the last 10 years there is no support for any volume when ICM decide to stop or perhaps cannot support the share price. The Saville shareholding keeps edging up and there are no independent voices or investors I have seen in that period. An unknown is how much of that shareholding is on loan to banks, definitely some as various RNS expose over the years. If the NAV price starts falling then the share price goes down even faster with the leverage. If you might need the cash short term be wary as its so thinly traded, in the long term should be ok.
spectoacc: Thanks @Morton, some of that over my head :) Did notice yet another production miss from RSG the other day - gold up, RSG nowhere, per usual. But UTL NAV c.345p & if, as you say, they've the cash to keep making purchases as large as 500k shares, I'm hopeful their "medium term" discount reduction is going to get me out nearer £3 than £2. Been a choppy ride so far - standard UTL. [Edit - had to scroll back a year, but the target was 20% discount, so c.275p where they'll stop buying, assuming no movement in NAV - which buybacks down here ought to help with].
spectoacc: Last Holdings RNS was a fall from c.19% to c.18%. I don't see them in the table showing movement of shareholdings this morning: (Edit - that has formatted appallingly). However, that previous RNS of the fall from 19% to 18% was nearly 3 weeks after the transaction happened, so possible they've sold some since, and are yet to RNS. IMO the buybacks on UTL are finally starting to take effect - happy to still be long here, I think there's c.+50p to go, based on their "medium term" discount target, and not a lot else happening. And the triumph of hope over experience on UTL. No. of shares held pre the transaction % of issued share capital pre the transaction Shares Purchased / (sold) No. of shares held post the transaction % of issued share capital post the transaction Harwood Capital Management 2,952,893 45% (1,252,893) 1,700,000 26.0% Cadoc Limited 427,361 7% (227,361) 200,000 3.1% Martin Gilbert - - 650,000 650,000 9.9% Peter McKellar - - 225,000 225,000 3.4% ToscaFund Asset Management - 800,000 800,000 12.2% Various associates 275,000 275,000 4.2%
morton2011: The last factsheet had another ICM term we need to define whereby Somers can now be 'manually' valued which was fortunate in terms of timing for the NAV. 'Turning to performance, the fund’s top holding, Somers, moved to a manual valuation in response to persistent inactivity in the share price. The new share price was calculated with reference to Somers’ NAV and led to an upward revaluation of 9.2%' Most of the portfolio has done quite well as others noted but UIL do not own those investments Somers does. If they want a better valuation list Somers on the LSE but that it pretty pointless as UIL owns most of Somers. Which leads us back to the question of why does Somers exist in the first place. All paths lead to Saville ultimately and why this complex structure. The directors are all part of the ICM 'mob' so not sure what their purchases add up too. ICM do seem to manage to get cash when they need it. The zdp repayment is good as it reduces the debt but the last factsheet was a bit odd in that they also purchased a lot of something but do not say what that was ' purchases during the month totalled £32.1m and sales totalled £87.9m' Assetco about to return cash looking at their RNS
morton2011: Ascendant sale in rns today typical UTL. Sell the shares to your own subsidiary bfic from whom you got them a few years ago at the price they are due to be redeemed mid November Why bother?Reality is bfic must be borrowing the money to pay the 30 million otherwise they would be included in the Top 10 for UTL end of September. Subsidiary borrowing presumably does not to be declared as utl debt. That borrowing effectively being used to repay the UTL zdp but no mention in the RNS.The lender to bfic no doubt has the ascendant shares as collateral so they should all get paid off mid November.Why not same lender loan to Utl directly, Covenants?
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: The factsheet for April is out: Http:// This corresponds to the time when the share price was 167.5p. The NAV tanked slightly again during April, the discount narrowed a bit. No mention of having exited Augean. The share price of Orbital (the drone/UAV company) dropped heavily, thus it has left the portfolio Top-10. Vix Verify is now #10. Vix seems to turn into an ICM type company, with many names registered: Vix Technology (#5), Vix Verify (#10) and there is a Vix Investment or something sounding like that somewhere in the UIL Ltd books. Somers back as the biggest holding, for April anyway. Debt: They repaid part of the bridging facility in mid-April. They mention the extension of said facility. All the ZDP 2020 (the extra ones emitted at the last roll-over/ZDP 2022 issue) have now been sold/put on the market and UIL Ltd is only left holding 4.9 mils of 2022 ZDP shares, roughly £7.2 millions at current prices. Once these are gone, the debt numbers should be clearer. Gearing slightly up at 75.2% from 74.2% (worse NAV, better sp) Not sure what to think about UIL Ltd these days. Kind of stagnating. A nasty -7p correction followed by a slow return to the 160-170p range. Maybe once they have cleared up that "bridging facility" (which would be called overdraft if it applied to the plebs) things will improve. TBH, the mining sector and gold have also been doing so-so recently. Some potential scares (unfounded) also about PCF (Https:// and the PCP market as mentioned in the PCF thread ( may have had adverse influence on the UTL share price We hold PCF through Somers I think.
Uil share price data is direct from the London Stock Exchange
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