Uil Share Discussion Threads

[luckymouse] 20/9/2016 11:00

Tell tale vol spike after the turn

[luckymouse] 20/9/2016 10:06

Australia & Bermuda stk mkts have turned up too

[rogerbridge] 20/9/2016 08:07

I wish I had purchased earlier, but it is going the right direction.

[spectoacc] 20/9/2016 07:45

Reads very well to me, a co I'm happy to have a decent weighting to & wish I'd discovered sooner.

[eeza] 20/9/2016 07:32

RNS

Annual Results

[davebowler] 19/9/2016 10:44

Relating to Somers;
Finncap - Ascot Lloyd*
Engaging customers independently

Jeremy Grime
020 7220 0550
[e-mail]


Ascot Lloyd has a successful track record of 28 acquisitions of financial advice firms which it has successfully integrated. Making £4m of operating profit from c£2.2bn of AUI, the company has spent c£27m, funded by a combination of cash and debt instruments from Somers Ltd. There are four differentiated divisions which are now set to leverage the market opportunity. With a strong pipeline of further acquisitions the company is listing on AIM to raise c£17m to continue to consolidate the growing financial advice market, and for deferred consideration and debt from historic acquisitions.

[morton2011] 16/9/2016 07:06

Interesting to see this in latest August factsheet:

--
There was one change to the top 10 holdings during August, as strong share
price performance at Orbital dislodged Augean from its position as the tenth
largest holding. Orbital is a potentially high-growth ASX-listed industrial
technology company. The company has a long history of innovative design
particularly in fuel injection systems for vehicle engines. Today, its main
divisions are REMSAFE, providing electrical isolation systems that can be
controlled remotely, and UAVE which builds engines and propulsion systems
for unmanned aircraft. Orbital shares appreciated by 28.6% in August.
--

I found this on the Orbital website relating to contracts with Boeing this month hxxp://www.orbitalcorp.com.au/uploads/5/5/1/2/55125659/asx_release_-_uav_business_taking_off.pdf

Quick read on annual reports and Utilico notified in May 2015 9.4% shareholding and does not appear to be any common directors !

added shares since then
hxxp://www.orbitalcorp.com.au/uploads/5/5/1/2/55125659/notice_of_change_of_interests_of_substantial_holder_-_utilico_-_20151201.pdf

looks a good investment to me.

Also in the factsheet comment about ZETA
--
Within the top 10 in August there was an outstanding performance by Zeta
Resources, whose shares rallied by 66.7%. With net tangible assets at Zeta
increasing by 2.5% over the month, this share price movement was almost
entirely driven by a narrowing of the discount from 45.0% at the end of July to
10.6% at the end of August.
--

As noted before ZETA has little liquidity in the shares and like Touchcorp is going to be quite volatile so would expect the NAV to move around in next few months.

[vacendak] 14/9/2016 13:56

The share price seems to have recovered nicely from the big sneeze of the other day.
Was that a reaction to the ex-div date? Or was it just following the big correction on the markets on Monday?

Mid-price currently clocking at 173p.

RSG is still a big performer indeed. UIL will likely lighten-up on it at some point, take profits and invest in the next RSG.

By the bye, if AEP's latest piece is true:

The "resource" bit of the UIL portfolio could pay-off nicely in the medium term. Zeta et al are heavily on the discovery side of resources, so could indeed prove a winner. As an aside, Zeta has just reposted its earlier report, but this time cleared by the auditors, no nothing new to read there.

[mad foetus] 14/9/2016 09:25

Energiser,I've not done the sums either but you are wrong. Every x cents change in resolute will add x/y p to the price of UIL. If a 10% change adds 10p today, another 10% rise tomorrow will add 11p. As the price of resolute increases, every percentage increase will cause a bigger accretion to the NAV of UIL. Sorry to be pedantic, but it is probably even better than what you think (assuming of course that what you thought was roughly correct!).

[energiser01] 14/9/2016 09:20

Resolute on a march higher up 10% overnight. Haven't done the sums lately but every 10% swing in resolute prob equates to about 8 to 10p change on utilico nav ? Dyor etc....

[vacendak] 13/9/2016 12:58

An RNS common to UEM and UTL:


UIL seems to have sold some Utilico Emerging Market shares lately, I assume for a profit. They never said anything about the latest round of UEMS subscriptions back in August, so they could be offloading some of those.

[spectoacc] 12/9/2016 09:11

@vacendak - my favourites were from the tech boom - "RNS re Agreement with Microsoft" when all they'd done was buy a copy of Windows 2000.

[vacendak] 12/9/2016 09:06

Forget the bid, UTL is sinking by 4.5p at the moment.
Time to buy gold! Oh wait... we are full of gold already. :(

The off-loading of ZDP 2020/2022 is bringing some money in, kind of a bet paying off. They are trading at 9.16% and 15.02% respectively at the last NAV publication date.

The premium on the ZDP 16 has logically dropped to a mere 0.71% - they are due to die by end of October. Not sure if it is worth the bother to buyback for what is left of capital accretion by then.

SpectoAcc
Good one on the cost of the RNS. :)
UIL are not known to be that chatty. Other companies seem to issue an RNS every time one of their PDMRs goes to the loo.

[eeza] 12/9/2016 08:07

Bid dropped by 5.5p - Co must be in the market to buy.

[spectoacc] 12/9/2016 07:54

A lot of tinkering! Wonder if the NAV accretion covers the RNS issue cost.. ;)

[eeza] 12/9/2016 07:30

Co been busy - 4 Rns'

12 September 2016
PURCHASE OF 2016 ZDP SHARES OF UIL FINANCE LIMITED

UIL Limited (the "Company") announces that on 9 September 2016 the Company purchased in the market 216,592 UIL Finance Limited 2016 ZDP Shares at a price of 192.125p per 2016 ZDP Share.
This holding of 216,592 UIL Finance Limited 2016 ZDP Shares will be held as an investment until the redemption date of 31 October 2016.

12 September 2016
SALE OF 2020 ZDPs

UIL Limited ("the Company") announces that on 9 September 2016 the Company sold in the market 250,000 2020 ZDP Shares issued by its subsidiary, UIL Finance Limited, at a price of 133.25p per 2020 ZDP Share. Following this purchase UIL Limited has a holding of 2,975,815 2020 ZDP Shares and the total number of 2020 ZDP Shares in issue remains unchanged at 39,000,000.

12 September 2016
SALE OF 2022 ZDPs

UIL Limited ("the Company") announces that on 9 September 2016 the Company sold in the market 250,000 2022 ZDP Shares issued by its subsidiary, UIL Finance Limited, at a price of 109p per 2022 ZDP Share. Following this purchase UIL Limited has a holding of 7,000,788 2022 ZDP Shares and the total number of 2022 ZDP Shares in issue remains unchanged at 50,000,000.

12 September 2016
UIL LIMITED
TRANSACTION IN OWN SHARES

UIL Limited (the "Company") announces that on 9 September 2016 the Company purchased for cancellation 67,303 ordinary shares of 10p each at a price of 172.5p per share.
Therefore the total number of ordinary shares with voting rights in issue in the Company is now 90,347,208.

[energiser01] 09/9/2016 20:29

Nav back up to 321 from a couple of days ago.
Looks like ICM sold down some resolute for uil, Uem, zeta. About £8m aus dollars for utility I.e 4m shares. ICM still hold around 30% of resolute across all the managed entities....

Dyor etc..

[luckymouse] 08/9/2016 01:00

Morton - anyone would think you don't want it to go up!?
Pound cost averaging in?

[vacendak] 07/9/2016 12:57

Morton

Bah! 'twas at 320+p back in May 2007! :)

It surely has not recovered, but yes, as you point out, the yield has been nice.

I know this sounds silly, but a back of the enveloppe calculation, with the total divi from last financial year, gives me 21% yield (considering only "fresh" money coming in). I began nearly 20 years ago so I qualify for the LTI badge.

RSG
Was it 10%? Looks like it. The share price hiccup fell more or less on the NAV date indeed, kind of bad luck! The NAV is still up by 0.27p though.

[morton2011] 07/9/2016 11:27

UTL share price 5 yr high was 184.5 - March 2012. Yield been 5% approx for those who bought at that price, got close myself! Be surprised if share price does not get above this in next couple of months.

Resolute was at AUS$ 1.77 on 31 August, no-one posted when the Resolute price went down 10% in August..., which was used for latest UTL NAV of today (311p). Resolute being included in the ASX200 which is quite heavily tracked later this month along with the good news flow for them is helping the share price which is today AUS$2.03, so would expect another UTL NAV soon at higher levels.

[vacendak] 07/9/2016 11:04

NAV 313.93p on August 31st.
No significant change from last time (313.66).

[vacendak] 07/9/2016 08:46

MF

Yep.
Touchcorp seems to be on the rebound too. Nothing RSG style though.

The UTL share price has ticked up a bit again, hitting new 52w highs.

[mad foetus] 07/9/2016 07:57

Resolute has also been strong, up 7% over the last 2 days.