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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
  -12.00 -1.04% 1,138.00 1,137.50 1,138.00 1,152.50 1,137.00 1,152.50 51,224 11:40:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 215.6 -120.1 -31.8 - 4,540

Unite Share Discussion Threads

Showing 1126 to 1149 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
01/11/2016
23:02
Hi buzztrader, Thanks, and JP Morgan Cazenove are sticking with a 770p share price target which emphasizes the disparity of view with MS. However, the shorters have the upper hand at the moment - especially as they appear to be concentrating their fire power towards the end of the day to force a lower close share price It'll be interesting to see how easily they are able to buy-back stock to close their positions? Recent rapid share price movements suggests that a small amount of demand can send the share price up like a rocket. A bit of competition for stock between the hedgies and they might generate their own bear-squeeze. Regards, Maddox
maddox
01/11/2016
20:55
WowA view contrarian to Morgan Stanleyhttp://www.directorstalkinterviews.com/unite-group-plc-37-7-potential-upside-indicated-jp-morgan-cazenove/412714553
buzztrader
01/11/2016
18:02
Hi buzztrader, Thanks for your bio - obviously I'm somewhat wary as I usually get very little chat on this board and then your profile is just like a de-ramper's and together with the timing. However, welcome I do appreciate anyone posting, whether positive or negative, but negative comments are actually more useful. It's far better to form an opinion following a constructive challenge. On the Morgan Stanley opinion piece - yep there is a lot of valid points, however: #1 Despite the dog-whistle politics of Amber Rudd I find it difficult to believe that the Tory Govt is going to sacrifice the UK Higher Education Sector on the alter of immigration control. A recent report estimated that only 1% overstay! Foreign students are worth about £15bn p.a. to the UK's balance of payments and they don't tend to be clogging up GP surgeries, nurseries with their children, or competing for jobs. Whereas, the Govt have in fact guaranteed the funding arrangements for EU students for three years. #2 Yes, student accommodation isn't cheap but it's now of superb quality and whilst students are given the loans, those that wish to, can afford to pay the rent. This with a back drop of rising rental sector prices. #3 Oversupply of student accommodation - this is the really dodgy point. As I said above, there is an existing under supply of new student property and the new-build is running behind the growth in student numbers. Also, there were 180,000 more applicants than places in 2015/16. So it's difficult to draw the same conclusions as MS on this key point. Regards, Maddox
maddox
01/11/2016
01:18
https://m.facebook.com/uclcuttherent/
buzztrader
01/11/2016
01:09
Hello MaddoxI started tracking Unite last year when my son started studying in UCL and stayed in their accommodation. Excellent brand new building in St Pancras at £230 per week.It costs £350 but the difference is covered by UCL. They had 100% occupancy and it was slickly managed.I was surprised by the fall as well and see it as a buying opportunity too. However, there is the risk of Brexit affecting the EU and non EU student intake. There is also a strike by the UCL students about the high rentals.As regards my profile, I keep it low. I thought this report could would be of interest to others here and hence posted it. Nothing more, nothing less.BTW, I do follow your posts on Unite avidly.
buzztrader
31/10/2016
23:31
Hi Buzztrader, Interested to know what you've been doing between now and your last bb post in 2006? You've got no profile info? Regards, Maddox
maddox
31/10/2016
22:32
#Morgan Stanley report from FT Alphaville#1: We think that international student numbers could fall as a result ofpotential stricter visa rules for non-EU students, who make up 25% of Unite'stenants, and because EU students, which make up 9% of Unite's tenants, facetuition fee hikes post Brexit vote – university applications from EU students arealready down 9% for the academic year starting Sep 17.#2: Falling affordability for UK students: UK students have formed the majorityof the increase in undergraduate student numbers in recent years, andpenetration has grown more among the less affluent than the more affluent.Less well off students are likely to face increasing affordability issues:i) maintenance grants have been converted to repayable loans, affecting 20% ofstudents (half of whom see the grant as essential for their studies); ii) tuition feesmay rise more from 2017; iii) 77% of recent graduates are worried about theirstudent debt.#3: Risk of oversupply and softening yields: We estimate the current pipeline ofpurpose built beds equates to about a quarter of existing beds. According to ourchannel checks, pockets of oversupply are appearing in some markets anddemand for secondary assets is softening.Impact on our numbers and rating: We cut rental growth from 4% to 3% pa, andnow assume 25bp yield expansion by Dec-17 (was 5bp) – our Dec-17 NAV falls by10%. We increase our target discount to 8% (was 0%) – we are taking away the4% premium for exposure to student assets and the 4% for developments. Wearrive at a price target of 590p (was 700p) (on par with the share price) whichputs it into the bottom third of our order of preference, thus the downgrade toUnderweight. The timing of our downgrade may not be perfect, but we see ahigher likelihood of negative than positive newsflow ahead. We would becomemore positive if Unite were to expand in growth markets abroad.
buzztrader
31/10/2016
09:40
Hi Chaps, I've been having a look at this dip in the share price and it appears that we have a couple of hedge funds shorting the stock just prior to the Morgan Stanley down grade report - Basso Capital Management & CQS (UK)LLP. Far be it for me to suggest that this is a coordinated bear raid. What is interesting is that the report is based on the student market contracting and this affecting Unite. However, it might also be expected to also affect ESP and DIGS - whereas their share prices have remained very resilient - DIGS is up as I post. Also, I'm far from persuaded by the report. There is a huge under supply of student accommodation. Last year 25,000 beds were added but student numbers increased by 60,000. There would have to be some cataclysmic event to bring this market into balance - so I'm satisfied that Unite is still an attractive investment in the short, medium and long-term. Unite's NAV was 620p at 30th June and Morgan Stanley share price target is 590p, other analysts targets are up to 770p so UTG are looking good value at the 550p share price as I post. What we are being presented with is a great opportunity to buy on the dip. However, as we have seen on previous Unite dips - it tends to be a spike - so you may need to be quick before the hedgies cover their positions and it charges back up again. Regards, Maddox
maddox
30/10/2016
17:26
Deadly I don't think we use P:E for valuing property companies. 12 years ago this company got very overstretched, then it made the FD CEO and sold lots of property onto a fund that still pays them to manage it. As I see it there are few property holding companies with such conservative balance sheets, if they raised more debt (my family holds debt and equity) they might pay a special dividend and cough up higher future dividends. My guess is that there is some major holder dripping stock into the market, so reducing the price. But, until the price recovers some TA strength it may be best to wait and see.
ben gunn
28/10/2016
11:48
Looking at the volume - it appears that we have an FI selling and thus depressing the share price This presents an excellent opportunity for topping up. Essentially, nothing has changed, apart from some good RNS news, since they were trading at upwards of 650p. Regards, Maddox
maddox
28/10/2016
08:26
Still a high P/E and low yield compared to many other property companies. Maybe reality is starting to catch up
deadly
24/10/2016
10:08
Another RNS today - this time a well located development site acquired for 570 student beds this time in Sheffield. Again, this will be financed (£35) from internal cash flow. Unite's maturing business model will throw off increasing amounts of cash - and with conversion to a REIT that will flow to shareholders. With a development pipeline of now 5,500 student beds Unite also offers excellent transparency of future growth as well. So asset backed, very conservatively financed (loan to value ~35%)delivering a potent combination of organically generated growth and prospective increasing dividend stream Unite offers a highly attractive risk/reward profile. Regards Maddox
maddox
17/10/2016
22:45
Good news this am; UTG get planning approval for a £70m development in the center of Liverpool adjacent to an existing property currently 99% let. So a perfect fit. Also, they are going to fund the development from internal resources. As they have just sold two properties for £88.4m realising a nice £34.7m profit(65% on development cost) they have the cash ready to recycle. So all looking positive based on the news - so why has the share price fallen to as low as 590p? Well the other players in the market, ESP, DIGS, haven't fallen so it appears isolated to UTG. And, as the news is all positive, I suspect a large FI is re-weighting its holding, possibly taking some gains to invest elsewhere. Once that clears I wouldn't be surprised another rapid climb up to 660p. Regards Maddox
maddox
10/10/2016
22:03
This mornings RNS - the quarterly valuation update on the two student property funds, Unite both manages and has a share in, showed good progress... 'Joe Lister, Unite Students Chief Financial Officer, commented: "The lettings performance for the 2016/17 academic year has again been strong, with occupancy currently at 97% and rental growth of 3.8%.' So nothing there to suggest why the share price shot-up to c. 650p and has then come straight back down to below 600p? Regards, Maddox
maddox
10/10/2016
21:38
Hi Ben, Just thinking further about your comment about UTG's miserable dividend. Well yes I can see your point, on a trailing basis the current yield is 2.6% - that doesn't look fantastic. However, this is of course a function of the value Mr Market is placing on the shares, currently 595p. Mr Market appears to highly value UTG such that it is priced more like a bond than an equity. And why not, it's asset backed, is the largest player in a very solid market sector and very conservatively financed so it is not unreasonable that Mr Market is prepared to pay a premium for this surety. Yet the key difference between UTG and a bond is that a bond does not increase it's pay-out; whereas we can expect UTG to increase it's dividend pay-out over time. The anticipated forward yield for UTG is a more attractive 3.45%. And if the dividend continues to grow then the returns do become fantastic. Based on the averaged prices I've paid the yield I'm getting is over 7% - which is actually reflected in share price growth. So I doubt UTG will ever look cheap - Mr Market will be prepared to pay a premium to get on board this cash machine. Regards, Maddox
maddox
07/10/2016
12:27
Hi Benn, It has certainly been zig sagging for quite a while and needs something to generate a break-out. The REIT conversion and mandatory pay-out could well be the impetus. Regards, Maddox
maddox
07/10/2016
11:48
Maddox Back down once more since 4th. As I see it the miserable level of dividend may come to an end since the balance sheet is preposterously strong- market may then re-rate it.
ben gunn
04/10/2016
09:48
Unite has taken off like a rocket this morning up 14.5p 2.26% as I post. Cannot find any news item or RNS to explain this. Anybody have any clues? Regards Maddox
maddox
26/7/2016
09:22
Strong set of H1 results & a positive outlook. EPRA earnings up 22% to £36.1m, EPRA eps up 15% to 16.3p, EPRA NAV up 7% to 620p. Interim div up 9% to 6p/share. Loan to Value 35% - very conservative leverage. IFRS profit including revaluation gains down at £106.7m (2015 £208.3m) due to big uplift last year. Conversion to REIT in 2017. hTTp://www.investegate.co.uk/unite-group-plc--utg-/rns/interim-results/201607260700101864F/ Ironically, UTG was the share I was most confident was Brexit-proof but took the largest hit!! Whatever, nothing of concern in these figures and outlook statements very positive: 'Despite the uncertainty caused by the result of the EU referendum, the fundamentals of our business and the student accommodation sector remain strong. The demand;supply outlook for student accommodation remains favourable and our earnings growth trajectory is underpinned by our efficiencies of scale and a high quality development pipeline, focused on cluster flat accommodation with a lower price point, where the rental growth outlook is strongest.' Regards, Maddox
maddox
24/7/2016
16:48
Comment in Investors Chronicle - 'There are other (real estate) sectors that really have little exposure to the referendum. One is student accommodation. Building purpose-built units for overseas students reflects the demand for decent accommodation from students coming from Hong Kong, China, and Russia, and elsewhere. Just 5 per cent come from the EU, and with the cap lifted on overseas student numbers, together with a weak pound, the attractions are there to see. Crucially, companies such as Unite (UTG), Empiric Student Property (ESP), and GCP Student Living (DIGS) have had little trouble raising funds to develop their portfolios.' hTTps://www.investorschronicle.co.uk/2016/07/22/shares/commercial-property-hotspots-GJGS4UX72tSnL3IBPvSYKN/article.html
maddox
11/7/2016
13:12
Hi mlangton, Unite had a London focused strategy following 2008/9 GEC but more recently moved exclusively out to top regional Cities. This is based on a required initial yield on completed development of >8%. However, it might just be that London is becoming viable again? I'm looking forward to the 26th results - Unite always provide a lot of insights into the market dynamics and I'm sure that they will have plenty to say this time round. The trading update alongside their fund valuations suggested that Brexit offers little of concern and may offer some opportunities - although very much not my choice of outcome. Regards, Maddox
maddox
11/7/2016
12:26
Thanks Maddox, yes every cloud etc. I like the fact that UTG has a widespread portfolio and is not reliant on what happens in London, and has a strong, reliable and growing demand. There is an argument for avoiding central London I think. Obviously the property/land is the most expensive (possibly in Europe) but the high fees for student accommodation forces many to look elsewhere in the UK, where we are well represented.
mlangton1
08/7/2016
08:44
RNS today Positive update and valuation uplifts on their student property funds - albeit independently valued prior to 23rd June - driven by rental growth and a positive outlook statement 'expect to see continued high demand for purpose-built student accommodation' Regards, Maddox
maddox
06/7/2016
00:06
Hi mlangton, Couple of points for your consideration: aa) Student accommodation is a very different species to commercial property (office and retail primarily); bb) The cost of developing student property will be dropping along with the fall in commercial property development activity; and cc) More land will be available at more reasonable prices for student accommodation development. The financial viability of student property development in Central London was becoming marginal in competition with commercial property development. IMHO the linking of the post-Brexit travails of commercial property with student accommodation is miss-placed. Every cloud as they say..... Regards, Maddox
maddox
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
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