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
  0.00 0.0% 954.50 607,103 16:35:02
Bid Price Offer Price High Price Low Price Open Price
959.00 960.50 970.00 948.00 950.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 156.20 -101.20 -31.50 3,800
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:52 O 357 960.691 GBX

Unite (UTG) Latest News

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Unite (UTG) Discussions and Chat

Unite (UTG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 17:50:11960.693573,429.67O
2021-01-22 17:46:32953.8020,000190,760.00O
2021-01-22 17:43:22952.857296,946.28O
2021-01-22 17:39:34959.15328.77O
2021-01-22 17:37:38954.5027,436261,876.62O
View all Unite trades in real-time

Unite (UTG) Top Chat Posts

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 954.50p.
Unite Group Plc has a 4 week average price of 948p and a 12 week average price of 805p.
The 1 year high share price is 1,351p while the 1 year low share price is currently 577p.
There are currently 398,145,754 shares in issue and the average daily traded volume is 525,517 shares. The market capitalisation of Unite Group Plc is £3,800,301,221.93.
maddox: It always 'appears darkest just before dawn' it is often said. With the rapid roll-out of vaccines the dawn cannot be too far away. The above 65s vulnerable and front-line worker total 13.5m people and we're getting to wards high coverage in nursing homes and 70+. However, there is a delay before the vaccine becomes effective and the hospitals are facing the peak pressure so news is still very grim. The share price appears to have faltered due to the discounts being offered to students unable to occupy their accommodation. But it's difficult to see Covid-19 as anything other than a short-term hit. The limits to the desirability of Zoom meetings and on-line learning have been revealed. Student's have a compelling need for physical social interaction and are longing to get back to normal. This suggests that the bounce back and sentiment towards the sector could change very fast. Investors Chronicle are looking to a strong recovery 'with analysts forecasting earnings to grow at a compound annual rate of 36.7 per cent, over the next 24 months' and earnings to be 14% above 2019 levels. With prospects for the rest of the economy looking uncertain, and property sector (esp. retail and office) looking challenged - the Purpose Built Student Accommodation (PBSA) will look to be a stable and attractive source of income and growth. High expectations for student landlords httpS://
madengland_: Well I think this is one that it's worth reading Maddox post and also recent Times article.Planners are certainly seeing bigger students blocks as way of taking pressure off communities and housing stock by private landlords and all the issues HMO brings. This is likely to throw open more opportunities. At the same time UTG are burnishing their image. Smart long play
its the oxman: 8m hit from missed rent is relatively small beer. Feels like all the bad news is in the price now. Hopeful of a sustained recovery from this level, 1000p, going forward.
maddox: Personally I'll be somewhat relieved if Bojo's diner goes well and he get's his leg over and a deal with the EU is agreed. However, whilst I see almost zero impact on Unite's business as a result of a no deal Brexit on previous experience if there is no deal I expect Unite share price to crater. In preparation for this eventuality I would encourage anyone interested in UTG as an investment to look at the recent share price action and valuation metrics to decide what represents a good price to buy-in. It'll be a shame if we don't get a trade deal with the EU but a double shame if a potential bargain price is missed to get on board.
lord mandelbaum: Thanks Maddox, your analysis helped convince me UTG is a buy.. and the last few days' share price action is pleasing; it's always nice when it does what you expect it to. Aside from the risk of a general market wobble, I really don't see much risk. The negatives of this academic year are pretty much priced in, the balance sheet is good and with the economy being weaker for the next few years I can well imagine more students wanting to avoid the workplace and enter University while conditions improve.
maddox: Hi Guys, Welcome aboard, great to have some more company. I find UTG's volatility frankly baffling tbh. One of its primary attractions for me is the stability of its market (also it's under-supplied), its uncorrelated with the general economy and the forward visibility of growth (3 year pipeline of developments) and it's asset backed. Clearly as FIs buy-in, sell-out or adjust their weighting the share price will respond but the way it responds to news of a vaccine, Brexit etc., is pretty unfathomable. I thus fully expect UTG to shoot-up should a deal be struck with the EU. Regards Maddox
madengland_: I too find myself at the same place as you on this share. I was quite pleased to see it pulling back after the initial vaccine spike, but of course as you have, I found myself wondering why.I'd imagine there is a risk of students not returning Q1 next year? UTG were confident of not breaking covenants back a couple months back, I think 62% occupancy was stated as a problem level. Is this a concern?
lord mandelbaum: Been monitoring UTG since last year when I didn't buy in as the premium was too much and I've read the commentary on this board. There's much to like about the geographic spread of the portfolio and I only see minor issues. (e.g. decrease in EU students and potential decrease in city centre property values.) Now it looks like a screaming buy for the long term portfolio.... but what's with the current share price slide - is this just a technical chart thing?
maddox: The student property funds performance will clearly be reflective of Unite as a whole. So, the quarterly valuations indicate a current fall in property values of, say 3% (rounding-up). The cashflow impact of Covid-19 Unite currently estimate at between £90-£125m in 2020/21. This based on the assumption that the next academic year starts pretty much as planned. I estimate that this impact is roughly 26-36% of rental income which seems high. Unite's shares are trading at 821p, as I post, down 39% on 21 Feb Covid Virus Crash Day Zero share price of 1339p. The share price decline appears to reflect a far worse position than what the current available facts present. For what I consider to be my most resilient investment I'm repeatedly surprized by the share price volatility (the Brexit vote dip in 2016 is a similarly extreme example). On the one-hand this might be the end of capitalism and the only solution is to climb under the bed with a bottle of whisky and a resolver. On the other, we might get on-top of Covid-19 and the economy survives and this is a painful blip. I'm thinking the latter scenario is likely, students will return and the share price will recover. Anyway, I'd be interested to understand why Unite exhibits such exaggerated volatility - what is Mr Market seeing that I'm not? Regards Maddox
maddox: Well its been a long couple of weeks in the market, so thought I'd better revisit my last post on 'UTG knocking on the door of the FT100'. When I wrote that post UTG's share price was 1336p and mkt cap £4.84bn. Now the share price is 1160p (down 13%) and mkt cap £4.2bn and UTG's chances of making the draft are looking far less likely. UTG are now in ninth place from the top of the FT250 and now only larger than the bottom four firms in the FT100. So it appears that UTG have dropped disproportionately in this market correction triggered by Covid-19 virus fears. Regards Maddox
Unite share price data is direct from the London Stock Exchange
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