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
  +0.00p +0.00% 163.50p 159.00p 168.00p 163.50p 163.50p 163.50p 17,605 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.5 5.9 6.2 26.2 147.64

UIL Limited Share Discussion Threads

Showing 776 to 800 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
22/8/2017
10:28
Look what I have found: Https://www.allectuscapital.limited/ This holds, among others, some known UIL Ltd stocks: AfterPay, Optal, Touch, Vix, Vix Verify. This seems to be fully owned by ICM and UIL Ltd. Allectus Capital is also a Bermudan company. Could this be yet another "platform" component in the making for UIL Ltd?
vacendak
21/8/2017
10:08
Nothing new really, but some good reminders about discounts in this piece: Http://www.whatinvestment.co.uk/benefit-discount-control-policies-2553916/ UIL Ltd does not do much buy-backs and if the statements made in the link are right, these would not be doing much good anyway, with regards to the "shrinking the company" bit. UIL Ltd is self-styled "value" and allegedly value is not doing that great at the moment compared to growth, hence the excuse for the discount. Other value stocks, like BTEM seem to be making good gains though. As stated before, I feel the 40% discount is here to stay unless something radical happens like a "SkyScanner event", where one of the obscure stocks makes the news big time, puts UIL Ltd in the spotlight leading to a "Blue Horseshoe Loves Anacott Steel" moment for those of us of a certain age.
vacendak
16/8/2017
15:33
Fresh from the ICM website, the Somers quarterly results: Http://www.icm.limited/uploads/news/2016-17_Q3_Somers_announcement_of_results.pdf Harvesting the money thanks to FX movements with Sterling getting a bit stronger against the $ (Somers reports in $), compared to its post-Brexit nadir anyway. Self congratulatory pat in the back for lowering the debt load significantly through that warrant exercise by UIL Ltd. @rambutan I was about to mention GPLPF but you had already remembered.
vacendak
16/8/2017
11:17
Ignore above. Memory creaking into action and I'm thinking of General Provincial (GPLPF), not Permanent Mutual.
rambutan2
16/8/2017
11:08
I have vague recollections of Permanent Mutual being controlled by Mr Saville's mum and in reality being his pension fund, and it being a Malaysian entity. However, this was when i was digging around about 10 yrs ago and much has happened since, including my memory fading.
rambutan2
16/8/2017
10:01
True. The only part of UIL Ltd that Duncan Saville does not own is the debt/ZDPs.
vacendak
16/8/2017
09:47
They would not find it so easy to refinance/ repay all the ZDP's if it went private. Following the Specto approach of it file this under Income with a possible bonus payout in future. Safer than most bonds paying same yield and you get the upside potential. So for me equities better than the ZDP and no longer hold those.
morton2011
16/8/2017
09:26
Welcome back Morton, you had been quiet for a while. Permanent Mutual is mostly known for its relation to Somers and its shennanigans. The recent ones were about the warrants to allow Somers to swap its debt for equity as you noted in an earlier post. They stated they would not play, so UIL Ltd gets all the equity at conversion. Before that, during the ZDP 2016 rollover, they were going to swap their Somers shares for UIL shares (or sell to UIL tld, I am typing this from memory) and let UIL Ltd increase its stake in Somers to increase its own "clean" NAV. Somers tends to own listed stuff that trades regularly, even if Somers itself does not trade much. Back then the UTL share price was in the doldrums (February 2016) so the move was meant to improve quality. They subsequently dropped the plan when UTL shot back up. So prior to the Vix Verify/Vix Whatever development they were only on the shareholding side of the ICM family. Now, we seem to have entered deeper in cross-holdings murkiness with the entity having shares/interests in itself if UIL Ltd begins to own Permanent Mutual. And yes, Duncan Saville is a director of Permanent Mutual Ltd. I had found that earlier on: Http://test.gov.bm/44950/permanent-mutual-limited-alasdair-relph-younie-44950 They should take the nuclear option: Take everything private (most of the stuff already is in essence), de-list and re-enter UIL Ltd as a PE investment company.
vacendak
16/8/2017
07:37
I didn't reinvest the dividend last time and not quite sure what to do this time. Probably reinvest. Factsheet introduces a new entity to me Vix Verify Group (Permanent Mutual), no 10 in their holdings. Permanent Mutual pops up from time to time. In 17 March 2016 UIL RNS a Permanent Mutual owned 6.6% of UIL itself and appears in some of the opaque Bermudan announcements. A Saville vehicle I suspect, nothing new in those appearing in UIL reports. Typical of ICM and UIL to change the entity name in factsheets. In the May listing @ No10 we have Vix Verify (unlisted) 1.4% of assets. In June @ No10 we have Vix Verify Group (Permanent Mutual) (unlisted) at 2%. They also state in June 'Valuations of the unlisted holdings in the top ten were unchanged'. That statement does not really make sense but at least June report a bit clearer.
morton2011
15/8/2017
10:40
I've yet to get over selling my FPEO - or my BTEM come to that! UTL's yield certainly keeps me in - as does the discount of course.
spectoacc
15/8/2017
10:30
@SpectoAcc Laugh all you want. :) It brings home mucho dineros in actual yield (relative to my costs) compared to my others "income" or "high income" investment trusts. Another odd-ball I hold is FPEO (private equity), pretty good yield considering the sector is meant to be risky growth only.
vacendak
15/8/2017
10:13
Income stock :)
spectoacc
15/8/2017
10:12
July factsheet out: Http://www.uil.limited/files/5715/0246/7070/UIL_Factsheet_July_2017.pdf A bit more debt but nothing out of the ordinary, good performance for Afterpay. Dividend declared, the usual 1.875p. UTL going ex-div on September 7th, paid on September 22nd.
vacendak
09/8/2017
11:57
Unaudited financial results for Resolute: Http://www.icm.limited/uploads/news/2017.08.07_RSG_FY17_Unaudited_Financial_Results.pdf Less revenue and less profit than last year, but there were exceptional items back then. More cash squeezed out of the gold sale compared to last year and a big war chest of AU$248 millions (cash & bullion), up 231% from last year (AU$75 M). They will declare the dividend on August 24th. With Fat Boy in North Korea threatening to nuke Guam, Resolute should go up a bit in tandem with gold.
vacendak
04/8/2017
14:29
Mr Saville shows up on the oddest places online: Http://tribuneonlineng.com/south-african-organisation-grants-15000-social-entrepreneurs/ This is for a good cause. It is definitely him, I got the link through an ICM email alert.
vacendak
25/7/2017
08:50
Some Somers news in the Royal Gazette in Bermuda: Http://www.royalgazette.com/business/article/20170707/somers-issues-shares-in-debt-cutting-move What we have heard before put in a newspaper article. The only new info is that UIL Ltd would now only be the second biggest shareholder after Permanent Investment Ltd.
vacendak
17/7/2017
10:56
[Zeta] For mining afficionados only, a quarterly activity report from Zeta: Http://clients3.weblink.com.au/clients/zetaresources/headline.aspx?headlineid=6843106 Related to the Bligh takeover, Zeta has announced that its offer is now unconditional, they have already gathered more than 88% of the voting rights. Http://clients3.weblink.com.au/clients/zetaresources/headline.aspx?headlineid=6842916
vacendak
14/7/2017
09:08
The June factsheet is out today: Http://www.uil.limited/files/9314/9996/3584/UIL_Factsheet_June_2017.pdf Debt ticking up by one million, but an increase in gross assets. Gearing mostly unchanged 67.9% (last month 67.7%). Afterpay replaced by Afterpay Touch Group Ltd as expected. The other change in the top 10 is also a change of name Vix Verify has been renamed Permanent Mutual Limited at #10. As stated in the document: "There was a reorganisation of Vix Verify into Permanent Mutual although the underlying operations remain the same." Permanent Mutual Limited is also one of the three major investors in Somers Ltd. Hard to get any info on them: Https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=301633296 Hhxxps://opencorporates.com/companies/bm/44950 Http://test.gov.bm/44950/permanent-mutual-limited-alasdair-relph-younie-44950 The third entry shows a Duncan Paul Saville as a director. :) Google search results generally link to RNS entries about UIL Ltd, Somers, Zeta, etc. Unlikely, but possible: This could be another Permanent Mutual Ltd; in the sense that there are a lot of companies named Prudential or Prudential something that have nothing to do with LSE:PRU. [editing the post to recycle and save Gaia] The Zeta factsheet is out. Http://zetaresources.limited/files/3214/9989/4926/2017.06_ZER_June_Fact_Sheet.pdf The Utilico Emerging Market is also published, I posted it on the UEM thread. They mention having made the offer to buy Bligh Resources (see previous post). Furthermore, they want to acquire the whole of Pan Pacific Petroleum (PPP is already 11.3% of Zeta). Http://www.panpacpetroleum.com.au/ As the name implies: Oil & Gas exploration/production in the vicinity of Australia New-Zealand. Zeta's debt is up a bit A$36m (A$33.2m last month). Zeta is allegedly now trading at a premium of 3.8%! Whatever "trading" means for this stock anyway.
vacendak
12/7/2017
13:58
@riskvsreward True, the most surprising was in early 2016 when the directors also bought heavily when the share price reached the low 90s. Never knew if it was confidence or insider info! :) FY17 and FY18 production guidance update from Resolute. Http://www.rml.com.au/uploads/7/2/0/8/72081691/1690734.pdf Everything is rosy, more gold and cheaper than expected to extract to boot. The feasibility study for the Bibiani Gold Project (Ghana) has been completed. More drilling in West Africa (Mali, Ghana, Ivory Coast) and Australia (Queensland). Resolute was mentioned in the Market Update in the FT this morning. The article has now been updated so I can no longer copy/paste. They wrote that the gold production was up for Resolute, as per the report, leading to a 3% jump in the share price overnight.
vacendak
10/7/2017
19:31
Good to see consistent, determined multiple directors buys here.
riskvsreward
05/7/2017
10:51
[Zeta] Zeta factsheet for May, this was late compared to the others from the ICM stables last time I checked, and I only picked it up this morning: Http://zetaresources.limited/files/1914/9748/3151/2017.06.15_ZER_May_Fact_Sheet.pdf Pretty negative reading, NAV/NTA down due to gold not moving, nickel and oil down. Resolute and Panoramic down during May 2017. The net debt is down strongly at AU$33.2m compared to AU$48.0m in April. The cash from NZOG is mentioned, which likely helped reduce the debt, but then it is followed by a cash offer to buyout Bligh Resources in its entirety. Zeta already has 51% of it. Bligh Resources is recommending its shareholders to accept the offer from Zeta. Http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01862889 Bligh Resources is about gold in Western Australia. Http://bligh-resources.com/ As days go by UIL Ltd looks more and more like an investment company for "preppers". We can't get enough gold before TEOTWAWKI. :) Some more news gathered from the ICM website: [Stockdale's view on UEM] Http://www.icm.limited/uploads/news/2017.07.03_Stockdale_UEM_Research_Report.pdf Very enthusiastic report on Utilico Emerging Markets. They also mention UIL Ltd and Somers as "buys". As we know, Stockdale is part of Somers, Somers is run by ICM, owned by UIL Ltd, also run by ICM. Stockdale was also used for the rollover of the ZDP 2016 and additional placing of the ZDP 2020. Stockdale is therefore "family". To be fair, there is a big asterisk that warns people about a relationship between UEM and Stockdale (broker and advisor). However heavy the pinch of salt that reports to be taken with, UEM remains a sound company doing pretty well at the moment. [Ascot Lloyd] Somers has flogged all of its interest in Ascot Lloyd to CPL Bidco Ltd. So £13.2 millions should be flowing into the Somers coffers soon. Http://www.icm.limited/uploads/news/2017.07.04_Somers_Sale_of_Ascot_Loyd_announcement_3Jul17.pdf CPL Bidco Ltd. Https://beta.companieshouse.gov.uk/company/10730649 And no... This one does not seem to be linked to Duncan Saville.
vacendak
03/7/2017
08:51
Private & Commercial Finance (LSE:PCF) is changing its name. https://uk.advfn.com/stock-market/london/pcf-grp-PCF/share-news/PCF-Group-PLC-Change-of-Company-Name/75155124 We hold this through Somers. They got a banking licence recently and the name change wants to reflect that. The ticker remains the same. They have been doing well of late, hence the banking licence, but their share price has remained lukewarm likely because of baseless fears about PCP. PCP contracts may turn sour soon enough; but "PCF group" as they are now known as, does not offer PCP, only car/vehicle finance to SMEs. Another one of those investments "where the underlying value is not reflected in the market share price" as stated on the UIL Ltd website. @Morton Yeah, that what I would be expecting for Somers indeed: London listing and UIL Ltd dumping a lot of shares to increase (or even create!) a sizeable free-float that would let people trade it and help put a proper price on it. Somers has good fundamentals.
vacendak
30/6/2017
16:49
@V - the warrant price is stated as being at a discount to the NAV. As you point out share price is $ 13 so the UIL NAV will probably fall a bit as they are paying $ 13.50. '.. The Bonus Warrant Issue also enables all Qualifying Shareholders the opportunity to invest in the Company at the Subscription Price which is a 24.2% discount to the Company’s last published net asset value per share of $17.81. ' Its all financial engineering to swap the debt to equity. After September Somers will load up with debt up again. They possibly were finding it difficult to get extra loans to try and buy growth with the UIL debt in situ. As Somers would presumably be considered on the LSE as being similar to UIL unless UIL offload a lot of shares then not much to be gained by listing in London as discount would stay the same. Its a labyrinth as MF says but find it quite interesting to track it all and they don't appear to try and hide news if they are required to publish it. Afterpay does seem to have good potential as pointed out in past, particularly if the model can roll out of Australia, they recently announced they are going to NZ. Paypal offering some Buy now pay later within their system and Klarna seem to be big in Europe and got some big investors in recently Https://techcrunch.com/2017/06/27/1508499/
morton2011
30/6/2017
14:29
Yes, LMS were a shocking bunch. I sold out as soon as they did the dirty. Fool me once, shame on you and all that. I wish UIL was less opaque, but as long as the board and manager have skin in the game and are broadly aligned with investors, that is the main thing.
mad foetus
30/6/2017
13:46
@MF As said before, UIL Ltd and the rest of the family look a bit dodgy, but everything is technically above board. It takes a bit of efforts with Google every now and then to get new information and updates, but there is always an unassuming RNS, or a PDF that gets published on the various websites managed by ICM (Somers, Zeta, UEM, UIL LTd and BFIC). The juicy bits are buried in small prints in the Half-Year and Annual Reports, but they are there. The saving grace remains that most of the actors have a lot of skin in the game through cross-holdings, via holding companies or nominee-accounts in Malaysia... so yes this is murky. :) Being curious I follow the thread on LMS; now those act like proper crooks - or acted since they seem to have been replaced now.
vacendak
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