We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Uk Mortgages Limited | LSE:UKML | London | Ordinary Share | GG00BXDZMK63 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 78.90 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 78.20 | 79.60 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 78.90 | GBX |
Uk Mortgages (UKML) Share Charts1 Year Uk Mortgages Chart |
|
1 Month Uk Mortgages Chart |
Intraday Uk Mortgages Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/3/2022 | 10:31 | UKML - legacy mortgage portfolios | 113 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 08/2/2022 11:50 by future financier Interesting - TFIF is (still) trading at a premium to NAV - so why has UKML dropped back to 78p when the indicative value of TFIF shares to be received is 83.5p? Maybe it was SteMis dumping his shares?! |
Posted at 08/2/2022 11:00 by scburbs Agreed that is likely to be the main driver, but still looks better for UKML shareholders than a wind up, albeit TFIF share price could come under short term pressure if lots of UKML sellers. |
Posted at 08/2/2022 10:55 by scburbs Boystown,That calculation is not correct as you won't get 1 TFIF share for 1 UKML share. The yield should be c. 5.5% per UKML share at 80p(using 112.8 TFIF NAV and 83.32 transaction price). In practice TFIF will probably pay a slightly higher dividend (last year 6.41p). Calculation is (83.32/114.21*6)/80 (i.e. recalculate dividend based on reduced number of shares and then divide by share price). |
Posted at 08/2/2022 10:28 by boystown Doesn't the yield also increase? It's 6p p.a. with TFIF, so an implied yield of 7.5% at 80p per UKML share - all being well, of course! |
Posted at 08/2/2022 10:10 by scburbs The company was to be wound up at the end of this year if it didn't trade at or above NAV (most of the improvements that they hoped would get the share price up to NAV already having been implemented). The managed wind up was expected to incur signficant costs and take 3 years!In that context giving shareholders a near term potential exit likely above NAV (depending on TFIF share price) or the choice of a continuing investment in the merged fund seems sensible (albeit clearly in the mamagers interests too!). Certainly better than waiting for a protracted wind up! |
Posted at 08/2/2022 09:54 by yieldsearch leaving aside the price increase, not sure i like it.ukml was a pure play on residential mortgage. tfif is a portfolio of debt instruments with longer duration. not clear to me why both are merged, 2 different investment proposals |
Posted at 19/11/2021 13:17 by stemis Good news re dividendConsidering this strong performance backdrop, and the positive outlook for asset performance, it is the Board's intention to declare an increased dividend of 1.25p per share in respect of the remaining three quarters of the Company's financial year ending 30 June 2022. Additionally it is currently intended, conditional on the Board's assessment of actual and prospective performance, that further progression in the dividend per share will be possible in respect of the Company's financial year ending 30 June 2023. Current yield is 7.1% |
Posted at 17/11/2021 16:18 by playful All bodes well…Notably, regardless of the above additional contributors to NAV performance this month, plus some other small sundries, the Company’s income continues to run at a rate well in excess of the 0.375 pence per share required to cover the monthly dividend equivalent. |
Posted at 30/8/2021 15:33 by rambutan2 The UKML NAV per share was calculated for June 2021 month end at 77.79 penceper share, an increase of 1.15 pence per share. As highlighted in last month's NAV release commentary, this includes the final two elements from the sales of the two Coventry portfolios; the share tender discount realisation and the Expected Credit Loss (ECL) provision release, both of which made a positive contribution to the NAV. The uplift from the most recent share tender, contributed 0.20 pence per share to the NAV, as referred to in last month's NAV commentary. Furthermore, with the June NAV coinciding with Company's year-end, this also included a recalculation of the ECL provision, which occurs semi-annually under IFRS 9 accounting standards. This led to a 0.55 pence per share improvement in the NAV, driven by a combination of the existing provision for the Coventry portfolios being discharged following the portfolio sales plus the release of a portion of the previous provision, subject to final audit, following a recalibration of the modelled scenarios and weightings to reflect the improving economic conditions. The remainder of the positive monthly NAV movement came as a result of the running income generated by the Company's underlying investments, net of a minor adjustment from the semi-annual hedge effectiveness calibration. The Company's remaining investments continue to perform in line with expectations. More details will be available in the Company's next factsheet to be published shortly. |
Posted at 09/7/2021 08:40 by yieldsearch FF and Stun12: yes UKML is the retention piece of rmbs securitisation/ junior piece, and also pre securitisation, the warehouse line. it is a very leverage position: getting this yield from portfolio of resi mortgage can only obtained by leverage (just look at the cost of your mortage and calculate how much leverage you need to get to this..)You need a number of residential mortgage loans to default and make a loss to start impact this. Historically default are linked to divorce rate and employment. My belief (i may be wrong) is that the UK government will do "whatever it takes" to maintain and prop up UK resi prices (stamp duty holiday, help to buy, cheap funding for banks through TLTRO, low capital adequacy, may be Miras eventually..) so really you are exposed to a macro risk. Reci is comprising leverage position on mainly commercial properties. commercial properties are riskier than resi (just look at shopping centre and retail). so you are more exposed to single risk (one tenant not paying) or event risk ( a property development going bust) greater risk RECI vs UKML, but there is a dvd premium I hold both. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
