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Share Name Share Symbol Market Type Share ISIN Share Description
Unite Group Plc LSE:UTG London Ordinary Share GB0006928617 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -23.00 -1.96% 1,152.00 1,151.00 1,152.00 1,173.00 1,139.50 1,149.00 576,006 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 215.6 -120.1 -31.8 - 4,596

Unite Share Discussion Threads

Showing 1101 to 1123 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
30/6/2016
20:19
Did I see a post asking which city? Seems to have disappeared into the ether. I'm in Liverpool Maddox. Every shop, office, pub or warehouse that closes down is immediately converted into student accomm. UNITE is very well represented, and I believe their flats are oversubscribed, as most 1st year students want "official" landlords. I'd imagine thats the case elsewhere. My other investments, mostly gold explorers are picking up after a wretched few years. I'm comfortable having some that will benefit from the uncertainty of the times we are living through-more QE, possible negative interest rates etc, and others, like UTG, who are hopefully immune to the turmoil.
mlangton1
28/6/2016
19:48
Hi Maddox, and thanks for the reply. Been watching UTG and meaning to buy for some time, but kept putting it off for some reason. Bought my first after the overdone drop last Friday am and will add more as funds become available. It's possibly my first stock that is actually making money- been throwing money down the jam tomorrow drain of junior gold explo co's. My home town is becoming a Unite dominated, student swamped city as I'd imagine other places are too. Their accom is very expensive with seemingly growing demand, so high hopes for share price and dividend growth.
mlangton1
28/6/2016
10:26
Hi mlangton, If you wish to have a discussion - start one - what is your interest in UTG? Are you imvested of considering? OK, I've put my money where my mouth is and leveraged up with more Unite. Regards, Maddox
maddox
27/6/2016
11:25
One of the great attributes about Unite is its resilience - Student Property was the best performing asset class during the last recession. It is highly unlikely that Brexit will affect the attractiveness of the high quality education on offer - and its just become more affordable due to the fall in Sterling. This is against a back-drop of an existing significant under-supply of student accommodation. I note that Empiric have released a positive trading update this morning.
maddox
24/6/2016
08:20
Is there a more active message board elsewhere? TIA.
mlangton1
18/5/2016
21:43
Just thought I'd update my investment rationale on Unite as I do regularly. Firstly, their market is solid and growing and not subject to economic turbulence. Secondly, Unite is asset-backed with 36% loan to assets - very conservatively financed. Hence I judge it as low risk. Strategically, Unite is the market leader in terms of size, which is always an advantage and it manages more student beds than it directly owns - thus has scale economies. It also manages two student property funds, in which it has a stake, and from which it earns additional fees, those extra beds they manage, and investment management fees and bonuses for superior performance. With a pipeline of secured property developments stretching out two years - providing transparency of future NAV growth - mitigates the usual investment uncertainty. On a p/e of 24 and yield of 2.87% UTG doesn't look particularly cheap and I doubt it ever will. However, the yield will certainly get a kicker from the conversion to a REIT. So IMHO I believe that this asset backed, low risk investment, with underpinned NAV growth is under-appreciated and this may in time drive the share price to a premium to NAV. My share price target is 700p to Dec 2016. Regards, Maddox
maddox
17/5/2016
21:36
Couple of announcements: Unite have acquired another site for development - this time for 480 beds in Portsmouth. These are due for delivery in 2018 and will add to the 2,200 beds it already manages there that are let out via the University. hTTp://www.investegate.co.uk/unite-group-plc--utg-/rns/acquisition/201605160700072725Y/ Unite manages the UK's largest student accommodation fund 'USAF'(Unite Student Accommodation Fund) of which they own 23%. They are raising funds through issuing a bond raising £135m at an interest rate equivalent to 2.744%. Such a low interest rate will bring down the cost of the fund's debt a tad and extend the average debt maturity to eight years. The funds will be used to repay maturing existing debt and for further investments. This move thus both increases the funds capacity to invest and yet lowers the funds financing risk - a very neat move. hTTp://www.investegate.co.uk/unite-group-plc--utg-/rns/launch-and-pricing-of-usaf-bond-financing/201605130700071365Y/
maddox
02/5/2016
18:06
Unite has been tipped in the Investors Chronicle BUY at 600p. Key points: currently trading at a discount to f/cast NAV of 657p 31/12/2016 and 709p 31/12/2017 (Liberum figs). Prospective yield 4% from conversion to REIT. A strong and growing student market - BREXIT proof. Regards, Maddox http://www.investorschronicle.co.uk/2016/04/28/tips-and-ideas/share-tips/get-into-bed-with-unite-rMWZBQ0vWIPTKv3kHrwRJJ/article.html
maddox
27/4/2016
10:24
Unite have secured another site for development in Liverpool with planning permission for 713 student beds - but Unite think that this can be upped to over 1000 beds. This is scheduled to open for the 19/20 academic year - so a nice bit of forward visibility of NAV growth. Their target return on cost is >8% for regional developments. Another point is that the £70m cost will be funded from internal resources - that I'm interpreting to mean that they will be staying within their conservative <40% loan-to-value financing. This despite the anticipated increase in dividend yield as they convert to a REIT. NAV growth and increasing yield - what's not to like. Regards, Maddox
maddox
14/4/2016
09:03
More positive news. Unite have received planning permission for a further development in Coventry city center for 391 student beds: 'The site is located on Hales Street in the Lady Herbert’s Garden Conservation Area, only a short walk to Coventry University campus and close to public transport links. The scheme will have a total development cost of around £25 million. The property will consist of 3 blocks, made up of 79 studio and cluster flats totalling 391 bedrooms and will range in height up to a maximum of 11 storeys. Unite Students currently operates three properties in Coventry, providing a home for approximately 1,200 students in the city.' looks good: hTTp://www.theguardian.com/cities/2016/mar/29/en-suite-education-the-rise-of-luxury-student-housing Regards, Maddox
maddox
13/4/2016
22:25
'The Unite Group plc, the UK's leading developer and manager of student accommodation, announces that Mark Allan is leaving the business and Richard Smith will be promoted to Chief Executive Officer, with effect from 1 July 2016.' Just want to say what a fantastic job Mark Allan has done at Unite over the past seventeen years. It certainly hasn't always been plain sailing particularly back in the dark days of the Global Economic Crisis. As someone with (for me) a significant amount of money invested it has been great to know that such a competent and professional Management Team has been at the tiller. Best wishes Mark. Cheers, Maddox
maddox
13/4/2016
22:08
As well as its fully owned property Unite run a couple of student property funds of which they own a percentage as well earn management fees, specifically: USAF - Unite own 23% LSAV - Unite own 50% These funds are independently valued - as announced on 7th April - and growing very nicely: 'At 31 March 2016, USAF's property portfolio was independently valued at £2,132 million representing an increase of 2.8% during the quarter. The portfolio comprises 26,813 beds in 75 properties across 24 University towns and cities in the UK. LSAV's investment portfolio was independently valued at £750 million, up 1.5% in the quarter. LSAV's investment portfolio comprises 4,636 beds across 12 properties in London and three properties in Edinburgh. The increase in valuations is driven primarily by rental growth and eight basis points of yield compression in USAF and five basis points of yield compression in LSAV in the quarter. The overall USAF portfolio is now valued at an average yield of 5.65% and LSAV's portfolio at 4.97%. The valuations reflect the recently announced changes to stamp duty rates, although the impact of this is relatively small as much of the USAF and LSAV portfolios are eligible for multiple dwelling relief which substantially offsets the higher rate of stamp duty. This will also be the case for Unite's wholly owned portfolio.' On this last para - it's wonderful that that nice Mr Osborne is encouraging those nasty buy-2-letters out of Unite's market. Regards, Maddox
maddox
04/3/2016
16:39
Hi again Maddox, Many thanks indeed for share your knowledge on UTG and I'd agree it is very much a sector under the radar, as well as UTG1 I also hold ESP & DIGS. My calculation of c.4-5% dividend, was based on the fact that to qualify as a REIT a company is required by law to maintain dividend payout ratios of at least 90%. Simplistically, the forecast EPS on Stockopedia for 2017 (29.8p) x 0.9 = predicted dividend of 26.82p. Divided by the share price at the time of my post of c610p would equate to a yield of 4.4%. Appreciate though there's much more to it than this, and I also note that EPS has been very lumpy in the past, so might be difficult to forecast with any real accuracy?! Furthermore, I noted also comment in last week's IC, which mentioned our CEO anticipating dividend growth of '20% a year for the next 4 years' and Peel Hunt analysts suggesting Unite's dividend yield could eventually be over 6%!(based on a price of 605p at the time of the article). BR, WO
wirralowl
29/2/2016
21:30
Hi Wirral Owl, Yep, Unite have reported a 37% total shareholder return for the year - which is difficult to argue with. However, I'd caution against you expecting to see a 4-5% yield at the point that you invest. I doubt that Unite is ever likely to look that cheap, as Mr Market is likely to give the shares a premium in consideration of: >> Rental yield growth which has been consistently between 3-4%; >> Portfolio growth 1,200-2,200 beds per annum; >> Very stable market demand for student property; IMHO this asset class is undervalued - it's defensive in nature yet generating consistent growth that looks pretty reliable projected over a 3/5 year time horizon. It's this predictable uncorrelated performance that is driving the likes of the Welcome Trust to substantially increase its investment in the sector: '19 Jan 2016 - Goldman Sachs has joined forces with the Wellcome Trust, a British charitable foundation, in a £2bn student accommodation joint venture' So I can foresee Unite's share price rising to reflect these factors and the yield decreasing towards 2% (sp > 730p). This is not a prediction or a tip, the future is uncertain, but just my opinion. Regards, Maddox
maddox
29/2/2016
09:39
Hi Maddox Things still seem to be ticking along nicely with UTG, I see.. As an income investor, the news of their intended conversion to REIT status, means that I'm finally likely to buy a stake in UTG this year, to go alongside my UTG1 holding. Suspect I won't be the only one, as we move closer to the conversion date... I'd expect the REIT yield will be circa 4-5% as a result, which combined with the prospect of a continued growing NAV (and hopefully share price too!), would make me more than happy to hold the shares. BR, WO
wirralowl
24/2/2016
15:31
Unite posted their 2015 full year results yesterday, the highlights being: 'Excellent financial performance on all fronts >> EPRA earnings up 84% to £61.3 million from £33.3 million. Excluding the yield related element of the USAF performance fee, Adjusted EPRA earnings up 49% to £49.5 million. >> EPRA earnings per share up 66% to 28.6 pence from 17.2 pence in 2014. Excluding the yield related element of the USAF performance fee, Adjusted EPRA EPS up 34% to 23.1 pence. >> EPRA NAV per share up 33% to 579 pence (2014: 434 pence) making, together with dividends paid, a total return of 37% for the year. The calculation of EPRA NAV per share now reflects an assumption that the convertible bond will fully convert, resulting in dilution of 10 pence. Full year dividend of 15.0 pence up 34% (2014: 11.2 pence). Final dividend declared of 9.5 pence (2014: 9.0 pence). Like for like rental growth of 3.8% for the full year (2014: 3.3%).' Also the outlook is also exceedingly positive, the 2017 pipeline of new build complete and good progress on 2018. The other important news is that Unite will convert to a Real Estate Property Trust (REIT). This provides a beneficial tax status in exchange for Unite paying out 90% of its rental income as dividends - and this will further enhance the dividend yield. So it's difficult to explain the c.25p near 4% drop in the share price! One explanation might be that Mr Market was expecting even better results or another that perhaps an FI was taking the opportunity to cash-in their winnings? On the face of it - it looks to me that Unite beat the market consensus forecasts - so will need to take a closer look. Regards Maddox
maddox
29/1/2016
13:53
26/01/2016 - 15:10 StockMarketWire Numis today reaffirms its add investment rating on Unite Group PLC (LON:UTG) and set its price target at 732p.
maddox
26/1/2016
10:53
RNS today indicates that UTG's development pipeline is progressing as planned. Another well located site acquired right in the center of Coventry for 2017/18. The scheme is expected to hit UTG's development targets: that is yield on cost for regional developments of >8%. This is significant as it means that UTG is able to find and acquire attractive sites at the right price. Also, another nice nugget in the RNS is that demand for places at Coventry Uni were up 14% (~3000 more students) this year - so there is unlikely to be a problem filling the rooms. The RNS....... Unite Students, the UK's leading developer and manager of student accommodation, has acquired a development site, subject to planning, in the centre of Coventry. It is envisaged that the site will provide a home for approximately 370 students and is scheduled to be open in time for the 2017/18 academic year. The scheme is expected to achieve returns in line with Unite's targets for regional development and the total development cost, including the cost of the land, is expected to be approximately £24 million. The delivery of the scheme will continue to drive the Group's earnings visibility and NAV growth. The site is in a prime city centre location in close proximity to the Coventry University campus. Coventry University continues to perform well and has seen UCAS acceptances increase 14% this year. It was named 'University of the Year' at the 2015 Times Higher Education Awards and is home to over 25,000 students.
maddox
11/1/2016
14:36
As well as fully owned property Unite run a couple of student property funds of which they own a percentage as well earn management fees, specifically: USAF - Unite own 22% LSAV - Unite own 50% These funds are independently valued - as announced this morning: 'At 31 December 2015, USAF's property portfolio was independently valued at £2,074 million representing a like-for-like increase of 2.3% during the quarter and 13.9% over the full year. The portfolio comprises 26,813 beds in 75 properties across 24 University towns and cities in the UK. LSAV's investment portfolio was independently valued at £738 million, up 2.5% on a like-for-like basis in the quarter and 17.4% over the full year. LSAV's investment portfolio comprises 4,636 beds across 12 properties in London and three properties in Edinburgh.' As you can see the growth in value continues to be excellent and as a result they are getting a performance bonus fee..... '"The strong performance in 2015 has resulted in Unite Students receiving a net performance fee in the region of £20 million."' ....and so will we in due course, as Unite will pay-out 65% of earnings as dividends. Regards, Maddox
maddox
08/10/2015
08:26
Unite went x-Div yesterday for a 5.5p per share payment. This seems to have triggered some selling that has triggered stop-losses and further falls. On the back of the positive valuation and occupancy news it's difficult to see what else might explain the drop. Any other thoughts? Regards, Maddox
maddox
07/10/2015
16:45
Was ist los?
eggbaconandbubble
05/10/2015
11:28
Despite the share price volatility we're experiencing Unite is progressing extremely well as confirmed by their fund valuations announced today: 'At 30 September 2015, USAF's property portfolio was independently valued at £2,017 million representing a like for like increase of 2.1% during the quarter (11.1% in the nine months to 30 September). The portfolio comprises 26,813 beds in 75 properties across 24 University towns and cities in the UK. LSAV's investment portfolio was independently valued at £720 million, up 2.3% on a like-for-like basis in the quarter (14.8% in the nine months to 30 September). Following the practical completion of the 759 bed Angel Lane development in Stratford in August, LSAV's investment portfolio now comprises 4,636 beds across 12 properties in London and three properties in Edinburgh. The increase in valuations is driven primarily by rental growth and eight basis points of yield compression in both USAF and LSAV on a like-for-like basis in the quarter (54 and 69 basis points respectively in the nine months to September). The overall USAF portfolio is now valued at an average yield of 5.8% and LSAV's portfolio at 5.1%.' ....and the letting demand remains extremely robust: 'The lettings cycle for the 2015/16 academic year is now largely complete. Unite's total portfolio of over 46,000 beds has achieved strong occupancy levels, with 99% of bed spaces let delivering rental growth of 3.8%.' This last piece of news obviously bodes well for the rest of the year. Place this organic growth on top of the further developments and acquisitions and the stars appear to be very much aligned for Unite. Regards, Maddox
maddox
21/9/2015
16:33
Hi e&b, my postcard: As I've been highlighting in my posts that UTG is transforming - and this is reflected in the pe metrics question you raise. UTG was viewed as a NAV growth story (with low earnings and thus high pe) but now UTG's earnings are growing strongly (higher earnings and thus lower pe). This transformation can also be seen in the strongly rising dividends. Regards, Maddox
maddox
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