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UTL Uil Limited

112.00
3.50 (3.23%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  3.50 3.23% 112.00 108.00 116.00 112.00 112.00 112.00 22,707 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -30.11M -44.45M -4445100.0000 0.00 11
Uil Limited is listed in the Finance Services sector of the London Stock Exchange with ticker UTL. The last closing price for Uil was 108.50p. Over the last year, Uil shares have traded in a share price range of 108.00p to 147.00p.

Uil currently has 10 shares in issue. The market capitalisation of Uil is £11 . Uil has a price to earnings ratio (PE ratio) of 0.00.

Uil Share Discussion Threads

Showing 626 to 648 of 1200 messages
Chat Pages: Latest  36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
28/12/2016
09:43
RSG up 11% overnight. Talk about volatility.
vacendak
22/12/2016
14:09
Managed to reinvest the div at 147p today. Not too bad considering the recent history of silly spreads. Right now it is on 2.7%.
vacendak
20/12/2016
08:12
Good news for Zeta (the NZOG story) so... the Zeta share price lost 14.3% overnight. ?!?

TCH and RSG up.

[Edit]


It looks like UIL Ltd sold some UEM, not at the best time though as UEM is below 200p right now.
The subscription shares have their next round of conversion in February 2017 only, so it would be too early for them to sell and exercise the warrants.

vacendak
19/12/2016
20:30
@Morton
Yes, I think Zeta will have its "Resolute moment" at some point, hopefully soon.

RSG had been kind of a dog for a long while before flaring up and gold will be back in fashion, always will, even if for a short burst.

As I have playfully pointed out above: The portfolio is sound, what they invest in maybe next to unknown, but it usually gathers good press. And most, possibly all, the components bring in a few pennies, and some some serious pounds (RSG recently, NZOG now/soon), to UIL Ltd.

Now if people traded the damn things (UTL and its components) a bit more, I am sure that they would see more of the potential. Oh well, the recent lows should buy me a few more shares when the divi gets paid and reinvested in the next few days.

vacendak
19/12/2016
16:30
Interesting post - was wondering why Zeta not plummeting with rsg share price collapsing - also see there is a lot of cash to come to Zeta reading chairmans report:"First, the Board intends to return $100 million of cash to shareholders. Several options for returning capital are being considered."Zeta had around 20% of nzog in 2015
morton2011
19/12/2016
14:03
ICM has produced the November factsheet for Zeta:


NAV, or NTA as they tend to say for this one, is up by 11.8% despite the RSG drop: Panoramic and NZOG were the top performers.

Since ZER seems to be traded only in shady back alleys - i.e. not that much - the increase in NTA has just widened the discount to 27% (13.7% last month).

Apparently NZOG made a lot of money by offloading Kupe, so more good news to put in the column "Good news that do nothing to push the share price up" like so many holdings in UIL Ltd. :)

vacendak
15/12/2016
10:14
I did not mean to imply that Zeta was oil focused sorry.
From memory, they are also more oil exploration that exploitation.

Financials should like interest rates hikes indeed. I have held mildly boring PRU shares for ages and they bounced up nicely of late.

Gold is just unpredictable (did not spike for Trump, did not spike for the Italian referendum), but it does sound pretty cheap right now. Hell my gold hedge in my portfolio is bleeding value for sure! So it could indeed be a medium term bet by Mr Saville and his friends.

As for the derivatives, they seem to report on them every month but never really explain the motivation. UIL Ltd appears to borrow in Sterling only and hedges. UEM borrows in HK$ and euros but does not mention hedging on their factsheet.

From the latest AR (page 21)
DERIVATIVES
Equity: UIL continued to hold a modest market derivatives portfolio, mainly through S&P500 index options which resulted in a small loss of £0.1m for the year to 30 June 2016.
Foreign exchange: Currency positions within UIL’s portfolio made significant losses of £21.9m due to Sterling’s weakness. UIL has hedged a mixture of New Zealand Dollar, Australian Dollar, Euro and US Dollar. At the period end UIL’s forward currency sale contracts in place were for nominal NZ$71.1m, A$142.7m, €22.5m and US$36.3m. UIL has run a Sterling liability neutral policy and therefore hedged its predominantly Sterling liabilities with an appropriate mix of portfolio asset currency exposures.

Those derivatives transactions are carried out by GERP (Global Equity Risk Protection). GERP is of course linked to ICM and Mr Saville. See: "Investment policy and risk" (page 31).

As for the debt, they only seem to bother about the ZDP cover close to a redemption date (the Somers tentative then cancelled investment story). Otherwise they invest rain or shine. The same is true also for UEM, the November factsheet sees them buying more than they sell.

[edit]
NAV dropping again: 267.26p
5p off the share price for the day.
And RSG has more than halved since late September.

vacendak
15/12/2016
09:11
Those financials might provide some useful upside as @v points out - Somers UK investments all going well in recent months. In theory financials will like rising interest rates.

Not sure I agree with ZETA being oil focused unless you think Gold is doomed !
hxxp://zetaresources.limited/portfolio/
Zeta trying to spin out Horizon Gold which was meant to list today on ASX but could not find record of that happening. Underwritten by Somers..so likely the exposure to Gold across the ICM/UTL/Saville has increased.
Surprisingly ZETA price has not moved despite the Gold price and Resolute falling so far. Panoramic follows Nickel prices which was up 50% from March so maybe that it offseting Resolute - ASX:PAN share price very volatile (8 p low 38 p high in last year currently 32p)
ZETA to me is around 25% gold, 25% other metals and 50% oil and gas

Anyone understand what the increase in 'foreign exchange hedge position' means under debt. I was surprised debt rose from £ 77.8 to £ 81.6 million for non ZDP debt in month. Is this a reflection of those hedges as they only refer to £ 75 million of bank debt?

Generally UTL seem unconcerned about the debt as they state they invested £ 10 million into the portfolio while realising £ 3.6 million.

morton2011
14/12/2016
21:32
The November factsheet has been uploaded on the UIL Ltd website:


Bleak readings: Bank debt is up, gross assets minus liabilities down, gearing at 79.9%.

The top ten has changed, RSG is now third on the list, Somers is top, UEM second.
Augean is back at #9 because it jumped a lot in November. That was November though as sadly, like UTL, AUG has "corrected" seriously too since.

UIL Ltd is no longer a "miner" but a "Finance/FinTech" investment vehicle, well at least for November.

With the quarter point up by the Fed and an extra raise for next year, gold/Resolute should remain bearish for a few months I guess; hence no real hope to hit 200p for Christmas. That being said, UIL Ltd could gain if the finance sector as a whole moves to the front. Zeta could perk up too with oil going-up (OPEC agreement).

[edit]
The UEM November factsheet is out too:


The Zeta one has not been posted yet.

vacendak
13/12/2016
14:56
Another substantial deal (24,400 @149p | sell) reported the day after the transaction, 3.29 p.m. yesterday.
vacendak
08/12/2016
19:10
@LM

I did not know about TradingView.
Thanks for the previous post. Get an upvote! :)

vacendak
08/12/2016
18:13
Personally I would usually not trade inside the shape until it picks a direction - but that's more of a trading thing rather than investment
luckymouse
08/12/2016
09:31
Well spotted. It did not show up yesterday even if it happened yesterday though.

This transaction has an "LC Late trade correction" tag.
This is significant indeed, there could be an RNS soon.

The share price jumped by 5p within ten minutes of opening this morning. Good start for the day.

vacendak
08/12/2016
08:47
Not one to normally post about trades but that looks like a 150k buy yesterday, which is pretty material given normal volumes here.
mad foetus
06/12/2016
16:58
@LM
True, but it should not be!

If one were to believe the company's strategy, RSG is a mean of hedging. The fact that it is now the main holding should be seen as a coincidence; but that put some fireworks in the share price for a while though... by also coinciding with the recent short-lived gold fever.

The spread has always been nasty, about 5%, but as MF stated above, something is not right. UTL is back to trading once or twice a day as it was before the excitement about Resolute/gold. This obviously is not helping the spread either (precisely 10% today at close!).

vacendak
06/12/2016
14:33
V sensitive to gold
luckymouse
05/12/2016
20:54
Does anyone know any of the board here? I think they need to be trying to do something to reduce the spread, the house broker isn't doing a good enough job IMO.
mad foetus
05/12/2016
20:36
NAV of 284.06p in the end, slight drop.
vacendak
05/12/2016
14:25
Some share repurchase on the Somers front:


Nothing else in the news unless I have missed it.

We did not even get an NAV update last week.
The FT puts an estimated value at 272.02p, which would be a drop from the latest published value of 289.85p.

vacendak
01/12/2016
12:01
8.1% spread... pfff...
Hopefully this will close a bit around Christmas when that divi gets paid and reinvested.

Oh look! Just gone up by 3.75p. That being said, yesterday it went up by five to fall back to flat at close.

vacendak
01/12/2016
11:41
Spread vs divi maybe! Tho agreed nice to see it not fall. Income stock... ;)
spectoacc
01/12/2016
11:17
Going ex-dividend today.
Surprisingly no sell-off so no complaint so far.

vacendak
30/11/2016
13:33
The chairman welcome to the Zeta Resources AGM (November 29th):



Nothing much: RSG up over the past year and some good news about nickel, which should allow them to reopen some of the Panoramic mines that had been mothballed.

vacendak
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