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
  +0.30p +0.34% 88.90p 89.00p 89.10p 89.50p 88.90p 89.50p 3,253,905 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 69.8 135.2 10.1 8.8 1,155.18

UK Commerical Property Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
Latest Edison research note... Making steady progress in uncertain times - HTTPS:// UK Commercial Property REIT (UKCM) achieved a 10.6% NAV total return over the year to the end of June 2018, but its share price has lagged its steadily rising NAV and its discount has widened to 5.2%, among the widest in its UK direct property peer group. In July 2018, UKCM became a UK REIT to mitigate the risk of significant potential tax charges falling due from 2020 and agreed a reduced management fee, effective January 2019. UKCM is significantly overweight in the industrial sector, which is expected to continue to lead market performance, while exposure to the weaker retail sector has been reduced. The manager sees considerable scope for near- and medium-term earnings improvement from the portfolio’s reversionary potential, which implies c 26% upside to rental income if market rates are achieved across all property assets...
Sold most of my UKCP today at a nice profit. Have reinvested in RGL at over twice the dividend yield of 8.4%, which is also rising and fully covered by earnings.
Conversion to a UK REIT has been approved at today's EGM. Conversion likely to take place on 1/7/18. Company name will change to UK Commercial Property REIT Limited... RESULTS OF EXTRAORDINARY GENERAL MEETING - HTTPS:// At the Extraordinary General Meeting of the Company held earlier today the following special resolution in relation the Company's entry into the REIT regime was passed. THAT, with effect from the Company entering into the UK REIT regime (expected to be effective on 1 July 2018 or as soon thereafter) pursuant to the terms of the notice given to HM Revenue & Customs in accordance with Part 12 of the Corporation Tax Act 2010: (i) the articles of incorporation produced to the meeting and initialled by the Chairman of the meeting for the purposes of identification containing amendments required for the purposes of the Company's entry into the REIT regime be adopted as the articles of incorporation in substitution for and to the exclusion of all existing articles of incorporation; and (ii) the name of the Company be changed to UK Commercial Property REIT Limited.
Acquisition - HTTPS:// 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."
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.
Thanks for your thoughts Sky.
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.
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?
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
Edison initiates coverage on UKCM with new research note... Income key in world of low numbers - HTTP://
UKCPT sells Soho office for £30.5 million - HTTP:// 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.
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
dr biotech
Capitulation today. Wonder where the bottom will be
dr biotech
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!
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!
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.
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
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.
CJ - answered over on the UAI thread...
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
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 will I if they are still sub-200p!
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.
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.
What is the NAV currently? Are these worth a punt now? Pays a regular divi so yield is not too bad. Any comments appreciated.
Chat Pages: 10  9  8  7  6  5  4  3  2  1
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180923 06:05:28