Share Name Share Symbol Market Type Share ISIN Share Description
UK Commerical Property Trust LSE:UKCM London Ordinary Share GB00B19Z2J52 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.46% 86.45p 86.45p 86.65p 87.25p 86.50p 86.70p 462,251 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 68.6 39.0 3.5 24.8 1,123.34

UK Commerical Property Share Discussion Threads

Showing 226 to 249 of 250 messages
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DateSubjectAuthorDiscuss
16/11/2017
20:23
Acquisition - HTTPS://www.investegate.co.uk/uk-comm-prop-tst-ltd--ukcm-/rns/acquisition/201711160700086433W/ UK Commercial Property Trust Limited ("UKCPT" or the "Company") (FTSE 250, LSE: UKCM), which is advised by Standard Life Investments and owns a diversified portfolio of high quality income-producing UK commercial property, announces that it has made its first acquisition in the hotel sub-sector having contracted to forward fund the development of a 265 bedroom four-star Maldron Hotel in Newcastle city centre for £32 million, net of finance. The development, which includes an ancillary retail unit, has been pre-let on a long lease to the Dalata Hotel Group Plc ("Dalata") and is expected to deliver a yield on cost of 5.4%. The deal is structured through an initial upfront payment and interim funding which attracts finance interest at 5% during the construction period, followed by a balancing payment on completion. Dalata, Ireland's largest hotel operator and an attractive tenant covenant, has agreed a 35 year lease with five yearly, annually compounded, RPI-linked upward only rent reviews with a cap and collar of 0.5% to 3.5% and no break options. The hotel, Dalata's ninth in the UK, will operate under its flagship Maldron brand and is due to complete in the first quarter of 2019, generating an initial passing rent of £1,590,000 per annum. The total scheme, including the retail unit, is expected to generate an initial passing rent of £1,740,000. As a result of this acquisition, the proportion of RPI-linked and long-dated income in UKCPT's portfolio will increase from 13.3% to 15.2% of income. In addition to this, the portfolio's Weighted Average Lease Length will extend to 8.7 years, up from 8.3 years. The hotel, which will also include a conference centre, business meeting rooms and restaurant space, is strategically positioned in the heart of Newcastle city centre. It is located opposite the popular Eldon Square shopping centre and five minutes' walk from the central train station and forms part of a mixed use scheme being developed by McAleer & Rushe. UKCPT also announces that it has disposed of one of its smallest assets, a 25,802 sq ft office in Aberdeen for £6.5 million, representing a premium to book value. Will Fulton, Fund Manager at Standard Life Investments, said: "These transactions demonstrate our continued efforts to increase the portfolio's exposure to high quality assets with the potential for income and capital growth. As one strand of this strategy we have been assessing opportunities in the alternative sectors as a means to enhance longer-term income and dividend cover. Dalata and its flagship Maldron brand are an exciting, well managed, high quality, competitive hotelier with good Board level experience of operating in the UK hotel market. Its business plan is strong and I believe this hotel will compete well in the Newcastle market - home to leading universities and a thriving business community - whilst providing a high quality long and increasing income stream at an attractive yield on cost."
speedsgh
13/10/2017
16:33
When i read the most recent report i could not believe the self satisfaction nonsense being expressed in classic PR mode. The shares are still down 12 % from the flotation price . The dividend is less. The prospects are not great. We all have been foolish holding on to this investment. I hope someone could encourage a competitor to take them over which may create a premium over the present price.
rabbrooks
21/6/2017
13:54
Thanks for your thoughts Sky.
8w
21/6/2017
13:23
Good question! I assume down to a number of factors: # A London bias # LTV stats (gearing) # High MCap makes the leaders more impervious to takeover # ??? A pretty full list of other players appears on the CP+ thread - see link below. My favourite remains PCA which at 380p provide a 4.9% Yield at a 14.2% discount. https://uk.advfn.com/cmn/fbb/thread.php3?id=29245091
skyship
21/6/2017
09:53
Sky, why do these mid cap. REITS trade on a premium whilst the big boys, BLND, trade on a discount of circa 30%? If it is because of BLND having a London focus surely a property bust in the capital is going to affect property across the whole country?
8w
17/6/2017
13:20
UKCM has given holders a great run this year; but that now looks way overdone. With increasing talk of a Summer Shakeout, now looks a very good time to bank profits as at 92p the yield is down to 4% and the shares trade at a 5.3% premium to the Mar'17 NAV. With the 50 day SMA at an uncomfortable premium to the 200 day, best to move out as the share price approaches a double top to the 2015 high: free stock charts from uk.advfn.com
skyship
24/3/2017
13:26
Edison initiates coverage on UKCM with new research note... Income key in world of low numbers - HTTP://www.edisoninvestmentresearch.com/research/report/uk-commercial-property-trust
speedsgh
27/1/2017
08:59
UKCPT sells Soho office for £30.5 million - HTTP://www.investegate.co.uk/uk-comm-prop-tst-ltd--ukcm-/rns/ukcpt-sells-soho-office-for--30-5-million/201701270700082599V/ In the Sept 2006 IPO prospectus, UKCM valued 13 Great Marlborough Street at £15.05m so there has been fair capital appreciation since & they will be banking a decent profit on the £30.5m sale.
speedsgh
19/8/2016
06:02
A decent write up in the telegraph. I didn't buy any of here on the dip but I did get more in SLI, I have enou I this sector now http://www.telegraph.co.uk/business/2016/08/18/investors-in-commercial-property-take-a-pause-amid-real-estate-u/
dr biotech
27/6/2016
18:35
Capitulation today. Wonder where the bottom will be
dr biotech
16/5/2016
20:38
The 2 companies are chalk and cheese. UAI has much more development, more concentrated in the SE & London and higher gearing. UKCM is more diversified, less geared, less London and much more conservative. Those interested in a more racy and exciting company please go to the other bulletin board!
jombaston
07/5/2016
12:53
schofip - this is what I posted; and I make no apology for doing so. ==================================================================== As for analysis, UKCM may be a reasonable long-term investment; certainly never a punt. There is much better value elsewhere in the propco sector for both growth and yield. The 8% NAV discount does not represent particularly good value at this stage of the cycle; and the 4.6% yield is unexceptional. On a slightly more speculative tack perhaps consider UAI at just under 200p ahead of the end April Prelims which should reveal an NAV of 300p and a yield North of 6%. More interesting propco plays over on the CP+ thread. ==================================================================== I apologise for being over-optimistic on the NAV. Thought it would rise from 274p to 300p; but actually only hit 291p. Still, the 8p Special Dividend is repeated and a new dividend policy confirmed. So the yield seems to be a very healthy 7.1% @ 194p; and at an Ex-dividend NAV of 283p the discount is a sector beating 31% On the Finals UAI rose to 207p, then drifted back to 192p; before closing out the week at an admittedly disappointing 194p. Nevertheless, Ennismore increased its holding by another 500k - so I am in good company; and believe these will once again cross North of 200p as the stats are absorbed. Considerably better value than UKCM....pretty obvious really!
skyship
03/5/2016
09:11
Oh well Skyship here we are in May and unfortunately U&I are below your highly unambitious 200p price target with 300p a pipe dream so I expect your apology as promised.
schofip
28/4/2016
15:25
Thats quite a high single day drop today..wonder if its just yesterdays drop in NAV passing through. My other property investments are more stable..
dr biotech
09/3/2016
09:10
Re-iterating "I may be wrong". So let's wait and see. Happy to apologise for casting doubt if proved wrong. These bulletin boards are full of rampers so very cautious of people suggesting buying in.
schofip
08/3/2016
17:49
CJ - answered over on the UAI thread...
skyship
08/3/2016
15:01
Sky: you are probably right but the two key questions at the moment are (1) what price should anyone wanting to average down a higher priced holding be looking to add at ? Personally I'm looking to add a few if/when it reaches 190 and again if/when it reaches 180. And (2) what is a realistic expectation for a snap back price .... even a substantial 25% rise from (say) 190 would probably leave many who have bought too early during the falls still below break even.
cousin jack
08/3/2016
13:18
I may be wrong but the above post sounds to be from someone who bought 40k @ 87p and now sees them 10% lower. For your information the "pump & dump" game, if it exists at all, is really for AIM-listed microcap resource stocks. UAI has a MktCap of £244m, so even an investor with your wealth won't make much of a difference to the share price UAI are interesting due to the fact that they are being sold down by BlackRock. When they are done; the shares should snap back up and reflect the likely 300p NAV. Make a note to take a look at the end of April; then come back here and post an apology...as will I if they are still sub-200p!
skyship
08/3/2016
12:56
I may be wrong but the above post sounds like a pump and dump of an unimpressive looking company share price heading in one direction.
schofip
08/3/2016
09:56
Mach - ADVFN is an excellent PI website; and includes many excellent features. One such you will find at the top of your screen, pretty much in the centre - NEWS. Click there when on a stock Quote site and you will find all the company's RNSs going back years. You will see the last NAV statement on 29th January. That confirms the NAV is announced quarterly; and the last NAV as at end Dec'15 was 86.7p. As for analysis, UKCM may be a reasonable long-term investment; certainly never a punt. There is much better value elsewhere in the propco sector for both growth and yield. The 8% NAV discount does not represent particularly good value at this stage of the cycle; and the 4.6% yield is unexceptional. On a slightly more speculative tack perhaps consider UAI at just under 200p ahead of the end April Prelims which should reveal an NAV of 300p and a yield North of 6%. More interesting propco plays over on the CP+ thread.
skyship
07/3/2016
23:08
What is the NAV currently? Are these worth a punt now? Pays a regular divi so yield is not too bad. Any comments appreciated.
mach100
25/11/2015
13:44
Heading towards a 0% return on the year for this. It seems to be underperform vs its peers too. Now at a discount to NAV too. Perhaps I'll get some more after xmas
dr biotech
09/11/2015
14:29
yes the trade appeared an hour later. Bizarrely my other property shares are in SLI to. I am concerned with SLI regarding its PID distortions and related tax issues for non ISA. These were bought in my ISA so no tax considerations. Agree with buy to let comparison, A whole load of work and worry. And that little bubble may well pop in the not to distant future.
schofip
09/11/2015
11:25
Sometimes it will be delayed by an hour or it could have gone through a different exchange. I hold half my commercial property shares here, the rest are in Standard Life Commercial property (SLI) which have performed slightly better in the few years I have had them. Both have done well though. Beats the effort of a buy to let and not subject to tax either as they are in my ISA.
dr biotech
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