Unite Share Price (UTG)

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	Shares Traded	Last Trade
	-4.50p	-0.48%	940.50p	609,530	16:35:21

Bid Price		Offer Price	High Price	Low Price	Open Price
937.00p		938.50p	944.50p	923.00p	942.00p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	128.30	245.80	90.80	10.4	2,477.2

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Unite (UTG) Latest News

Unite News

Date	Time	Source	Headline
20/5/2019	08:57	ALNC	Unite Sells 3 Assets To Unite UK Fund As Fund Raises GBP250 Million..
20/5/2019	07:03	ALNCF	Alliance News Flash Headline
20/5/2019	07:00	UKREG	Unite Group PLC Equity Raise and Acquisition
17/5/2019	16:10	UKREG	Unite Group PLC Director/PDMR Shareholding
10/5/2019	11:01	UKREG	Unite Group PLC Results of Scrip Dividend Election
09/5/2019	14:05	ALNC	Unite Group Non-Executive Director Andrew Jones Steps Down
09/5/2019	12:35	UKREG	Unite Group PLC Directorate Change
09/5/2019	12:05	UKREG	Unite Group PLC Result of AGM
30/4/2019	13:00	UKREG	Unite Group PLC Total Voting Rights
18/4/2019	09:52	UKREG	Unite Group PLC SCRIP REFERENCE SHARE PRICE- 2018 FINAL DIVIDEND

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Unite (UTG) Discussions and Chat

Unite Forums and Chat

Date	Time	Title	Posts
26/4/2019	16:30	Unite with Charts - Student Property Development	580
08/2/2011	16:47	Reaves Utility Income Fund - Monthly Dividend US$	5
20/11/2009	14:04	Warren Buffet	1
20/4/2009	15:34	What do you think of this stock?	1
21/1/2008	09:52	UNITE : NAV Ј3.05 , shares Ј1.68 and climbing	500

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Unite (UTG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
17:28:51	940.50	2,210	20,785.05	O
17:28:19	931.83	150	1,397.74	O
17:18:41	927.79	1,585	14,705.46	O
16:29:28	937.18	17	159.32	O
16:21:32	937.78	2,216	20,781.16	O

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Unite (UTG) Top Chat Posts

Date	Subject
23/5/2019 09:20	Unite Daily Update: Unite Group Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker UTG. The last closing price for Unite was 945p. Unite Group Plc has a 4 week average price of 923p and a 12 week average price of 889p. The 1 year high share price is 975.50p while the 1 year low share price is currently 793p. There are currently 263,393,089 shares in issue and the average daily traded volume is 594,939 shares. The market capitalisation of Unite Group Plc is £2,477,212,002.05. Read Full Thread Reply
03/3/2019 15:50	maddox: The full year 2018 results are as strong as expected. The highlight for me being the uplift in the dividend by 28% year-on-year to 29p. With the share price closing at 916p as I write the yield is 3.71% which is in it's range of 3 - 4%. However, the advantage of buying into a share like Unite that is growing its income year after year and increasing the dividend pay-out is that on my historic cost of purchase I'm now getting an equivalent yield of over 15%. The much used description of a share like Unite as being a 'bond proxy' couldn't be more wrong in my opinion: It ignores the key attribute that these shares tend to have of increasing their payout whereas bonds don't. Other key highlights: EPRA earnings - +25% EPRA eps - +13% (less due to share issue to buy properties) EPRA NAV - +10% (following some disposals for re-investment) The LTV is a highly conservative 29% with the cost of debt falling to 3.8% (4.1% - 2017) and destined to fall to 3.6% as they increase the debt to build-out their current forward development pipeline of 6,579 beds. When this current pipeline (further additions will be made to it) Unite forecast an EPRA eps of 47p - 51p so a circa 38% - 50% uplift. As 85% of these earnings will be paid-out as dividends we are looking at 39.95p - 43.35p in divs and a projected share price of 1077p - 1168p (based on the current yield). On top of this there are prospective Unite's university partnership deals - that are taking longer to come to fruition than I had hoped. I'd recommend anyone interested in Unite to look at their H2 Results presentation: hTTp://www.unite-group.co.uk/investors/reports that gives excellent background information on the market. There is still a large under capacity of student accommodation, numbers are rising and supply is falling. All this underpins an optimistic outlook despite Brexit or further economic travails. Regards Maddox Read Full Thread Follow Reply
29/1/2019 13:27	maddox: Unite has staged a dramatic climb in share price from the recent low of 797p on the 27th Dec to what today looks to be if it holds a new all-time high. Currently c.920p as I post. So c.15% in about a month. I get the impression that there aren't many personal investors in Unite and that it's Financial Institutions that are moving the sp; which is why the moves can be large in either direction as they transact in scale. What is also interesting is that looking at the recent reported daily transaction volumes seem to be declining whilst the share price is rising? This suggests that the Unite stock is tightly held and that the price rise is not managing to entice out sellers to satisfy demand. Regards Maddox Read Full Thread Follow Reply
09/3/2017 15:30	maddox: I'm already over-exposed to this sector so cannot contemplate further investment, but really like the WJG business model. As you say, the fact that they utilize their client's capital is very attractive. But overall I prefer Unite's asset backing - the LTV is c.35% so very conservatively financed with high covenants and long-term. I've long thought that Unite's yield might be a key factor in the lack of PI following. Property investors tend to be looking for income and Unite's share price never makes them look good value. Was that a factor for you? Read Full Thread Follow Reply
09/3/2017 10:00	maddox: Another insightful RNS from Unite - a disposal of a student property in London for £135m. This time the buyer is another quoted specialist student property REIT GCP Student Living (DIGS). GCP will be getting an initial yield on purchase of 4.5%. What is interesting is that the property was in Unite's books valued at 6% lower which puts it on a yield of 4.7% indicating how conservatively valued UTG's assets might be. Unite's share price is already well below the last reported NAV of 647p - if this 6% underestimation of asset values is consistent across the portfolio the NAV would be 710p. HTTP://www.investegate.co.uk/unite-group-plc--utg-/rns/disposal/201703080700088013Y/ Read Full Thread Follow Reply
23/2/2017 14:06	maddox: Extremely solid full year results from Unite the highlights being: >> Final dividend up 26% to 12p (2015: 9p) making 18p for the year up 20% overall; >> EPRA Net Asset Value up 12% to 646p per share; >> Like-for-like rental growth 3.8% for the full year (2015: 3.8%); >> The statutory reported profit is £201.4 million (2015: £388.4 million), down on 2015 due to the large property revaluation gain taken into the 2015 figures; and >> Conservatively financed loan-to-value LTV of 34%. The outlook for Unite is positive as well: >> Current reservations at record levels for 17/18 academic year at 73%; >> No material impact seen or anticipated from Brexit; >> Supply/Demand imbalance continues with 185k more applicants than university places in 16/17; >> Unite forecast rental growth of 3 - 3.5% in 2017. Mr Market appears to have liked these results with the share price at 626p at close from 611p the previous night's close. Regards, Maddox Read Full Thread Follow Reply
03/1/2017 14:11	maddox: Interesting RNS from Norges Bank Holdings - it appears that whilst they hold 3.09% of Unite Group - they have leant 0.9% to the shorters. Now Norges Bank is in fact the Central Bank of Norway - and they are managing what I believe is the largest sovereign wealth fund on the planet. All that North Sea Oil and only 5.2m Norwegians. So you wouldn't think that Norges Bank (the state bank of that moral superpower Norway) would need to nickle and dime it with those nasty hedge funds?!? The fees from stock lending must be insignificant against the decline in the capital value of their 3.09% holding. OK, so they are long-term investors and so the shorting driven share price dip may not matter on a longer term view. However, I just wonder whether Norges Bank has a different cunning plan - to increase their holding taking advantage of the now lower price and increased liquidity? As the amount of short positions declared above 0.5% totals 4.52% Norges Bank represents 20% of that on loan and this stock can be recalled. So they appear to be in an influential market position. Anyway I'm just speculating but .... Regards and a Happy New Year! Maddox Read Full Thread Follow Reply
09/11/2016 21:14	kpwf: Hi Maddox Yes I'm a UTG shareholder. In my opinion the shares (trading at a discount to the last reported NAV) are currently undervalued when you compare them with other shares in the sector which trade at a premium. Based on recent forecasts the dividend should increase following conversion to a REIT and I am still expecting good increases in NAV going forward bearing in mind that dividends should be fully covered by EPRA EPS. An increase in NAV combined with a reduction in the discount should hopefully drive a reasonable increase in the share price. As a private investor this is just my personal opinion and I might be completely wrong, but I remain a long term holder. Read Full Thread Follow Reply
08/11/2016 11:52	maddox: Another positive trading update from Unite this morning covering the current 2016/17 academic year. Key points: >> Occupancy 98% >> Rental growth + 3.8% >> On track for EPS yield growth of 4.5% for 2016. >> Market - 2016/17 sees record student numbers up c.40k The growth in student numbers is further exacerbating the existing under-supply of student accommodation. Another positive point is that the growth has been strongest in Unite's target locations. With a positive outlook and development pipeline of a further 5,500 beds transparency of future growth in NAV and income is excellent and with Reit conversion will be seeing a likely 10% increase in the payout ratio. The future is of course uncertain but it's difficult to find any points of concern that would explain the recent fall in the share price. As I post the share price is 566p against last reported NAV of 620p as at 30 June. Regards, Maddox Read Full Thread Follow Reply
03/11/2016 11:21	maddox: A tip for Unite investors.... The hedgies have to borrow stock in order to sell short. Typically, the Nominees holding investors' shares will lend the stock to shorters for a fee. If you object to your shares being used to drive down the share price of your holding - you can prevent it. Just place a Limit Order to sell your holding at a much higher price - say for UTG the 770p JPM target. This prevents the Nominee from lending your stock or makes them have to recall it from the shorter. Regards, Maddox Read Full Thread Follow Reply
31/10/2016 09:40	maddox: 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 Read Full Thread Follow Reply

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