ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

UTG Unite Group Plc

978.00
13.00 (1.35%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  13.00 1.35% 978.00 979.00 979.50 983.00 963.00 983.00 904,507 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 276.1M 119.4M 0.2966 33.02 3.94B
Unite Group Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker UTG. The last closing price for Unite was 965p. Over the last year, Unite shares have traded in a share price range of 835.00p to 1,069.00p.

Unite currently has 402,581,000 shares in issue. The market capitalisation of Unite is £3.94 billion. Unite has a price to earnings ratio (PE ratio) of 33.02.

Unite Share Discussion Threads

Showing 1026 to 1048 of 1500 messages
Chat Pages: Latest  48  47  46  45  44  43  42  41  40  39  38  37  Older
DateSubjectAuthorDiscuss
18/5/2015
14:06
UTG Unite Group Student Accomadation

Lovely breakout on the chart. Buy Volume greater than sell volume. Decent broker backing. Forward P/E undemanding. Looks cheap.

mike740
01/4/2015
07:03
Hi ebb,

Yes, a press search will reveal a huge amount of investment activity. It is a far cry from when Unite first came to my attention - they were pretty much the only game in town and trying to make the case for student property as an investment class and alternative to commercial property.

It's very different now - student accommodation is fast becoming the asset class of choice. Student property was incredibly resilient throughout the Global Economic Crisis and has continued to perform steadily to date. The demand that this is generating is yet to be fully reflected in Unite's valuations. Evidence for this is present in today's Unite Student Accommodation Fund (USAF)RNS.

"At 31 March 2015, USAF's property portfolio was independently valued at £1,641 million representing a like for like increase of 4.3% during the quarter."

A 4.3% gain in a single quarter - and more to come...

"Commenting on the valuations, Joe Lister, Unite Students Chief Financial Officer, said:

"The USAF and LSAV portfolios have had a strong start to the year. The large volume of transactions in the sector is beginning to result in a significant level of yield compression and we anticipate further compression over the remainder of 2015."

Cheers Maddox

maddox
31/3/2015
13:41
Thanks for that Maddox.
I read in the week-end press (Sunday Times?) that the Russians are now ploughing money into student accommodation. I doubt it will be in the same halls of residence/purpose built type of accommodation that Unite aspire to though.

eggbaconandbubble
27/3/2015
19:38
Apologies,thought I'd replied.

EPRA = European Public Real Estate Association which is an industry body for REITS. Whilst Unite is not a REIT they have adopted EPRA eps as a standard comparable metric. It is profit after taxation including investment property revaluations, gains and losses, and intangibles.

Cheers Maddox

maddox
20/3/2015
12:47
Can someone kindly explain difference between EPRA earnings and 'ordinary' eps.
eggbaconandbubble
25/2/2015
20:25
Hi Ben,

Unite's yield just got worse again! lol

Regards Maddox

maddox
24/2/2015
20:38
Hi Ben,

Nice to have you back! "Much value above 850p" lol, i'd settle for that on an eighteen month/two year horizon.

The issue is that despite the income coming through the valuation is likely to stay ahead such that the yield never looks particularly attractive. On a total shareholder return basis, however, both NAV and dividend growth,are contributing. I note that the Results statement quotes TSR, I think for the first time.

So, despite my earlier post, I'm very pleased to see this transformation.

Regards, Maddox

maddox
24/2/2015
15:33
Maddox
Re your post 427....compare it to your post 291!
Things are definitely on the up but I cant see a value much above 850 at the moment.
Flats near their Suffolk Street block have risen 250% in 7.5 years so, as you say, the re-valuation side might help too.

ben gunn
23/2/2015
10:28
Hi WirralOwl,

Yep, the transparency of future growth in NAV and now dividend payout is very attractive. Unite is a truly high quality operation - the management team are doing a fantastic job.

What is also interesting is that Unite are also expecting to see a further upwards re-valuation of their property portfolio in this first half. There are a number of student property assets up for sale and there should thus be read-across from what valuations these assets achieve.

So we can have a reasonable expectation of more good news in the next results.

Regards, Maddox

maddox
23/2/2015
10:14
Hi Maddox,

Impressive results from UTG today, particularly the increase in the dividend. As you say, this progressive dividend policy may well start to attract income investors; I know I'll be tempted should we suffer any market correction. Meantime I'm still happy to hold UTG1, which reflecting the company's progress, currently sit at an all time high of 110.82 (mid), and pay me a very nice 6.125% pa.

Regards
WO

wirralowl
23/2/2015
07:53
Hi Guys,

In my post 395 on the 21/8/14 I predicted Unite's transformation:

"Unite is maturing and the balance is shifting from development gains towards rental income. As Unite will need to recycle less cash back into development they will be able to increase dividends. This will drive the share price forward as the typical property investors seeking asset backed income come on board.

We are in the midst of this transition and we may tread water as share price support moves from NAV to dividend yield. It might just be that rising interest rates highlight the attractiveness of a company that will be able to grow its dividends?"

Well, these fantastic results demonstrate that this is happening. The robust growth in earnings (44%) has driven a 133% rise in dividends. The future is also looking positive with the existing pipeline likely to near double the dividend payout as it's built-out over the next few years by 2018.

Regards, Maddox

maddox
12/1/2015
19:49
Again, don't bother listening to the above podcast for insights into Unite -there isn't anything. If on the other hand you fancy listening to Justin waffle-on like a late-night Radio One DJ about technical signals on stocks you are probably not interested in - knock yourself out.
maddox
12/1/2015
15:10
Unite Group is featured into today's ADFVN podcast.

To listen to the podcast click here>

In today's podcast:

- Technical Analyst Nicola Duke will be chatting and charting, Anite, Big Yellow Group, ITE, Union Jack Oil, Afren. Nicola on Twitter is @NicTrades

- And the micro and macro news including:

Quindell #QPP
Afren #AFR
Shire #SHP
ITV #ITV
Taylor Wimpey #TW.
Big Yellow Group #BYG
ITE #ITE
Union Jack Oil #UJO
Anite #AIE
Unite Group #UTG
Pace #PIC
Royal Mail #RMG
Prudential #PRU
Hikma Pharmaceuticals #HIK
AO World #AO.
Betfair #BET
Sound Oil #SOU
Advanced Oncotherapy #AVO
International Airlines Group #IAG
Afren #AFR
Ophir Energy #OPHR
Premier Farnell #PFL
New River Retail #NRR
Victrex #VCT
Catlin Group #CGL

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking

To follow me on Twitter click

As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
Level 2 - £350 (normally £472.94/year)

Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 

jeffcranbounre
12/1/2015
10:57
Hi Guys,

Unite report that they have secured another development site on which to build this time in Coventry. Key points to takeaway:

>> It's clearly an attractive location right in the centre of Coventry adjacent to an existing high performing student residence; but more importantly,

>> They have secured it at an attractive price, consistent with their strategic plan.

The high investor demand for developed student properties appears not to be hampering Unite securing the land it requires for growth. So this news provide some important confirmation that Unite supply-side strategy is on track.

With the restrictions removed on student numbers and Theresa May's guns being spiked the market appears strong - further supported by rental price rises. The demand-side also look positive.

Regards, Maddox

maddox
12/1/2015
09:35
Don't bother listening to the podcast advertised in the previous post - absolutely no analysis on Unite. Just a passing ref to the valuation news.
maddox
09/1/2015
19:18
Unite is mentioned in today's ADVFN podcast.

To listen click here>

In today's podcast:

- Technical Analyst and PR at Masterinvestor.co.uk Zak Mir Alan will be charting, Quindell, LGO Energy, Tesco and Nanoco. Zak on Twitter is @ZaksTradingCafe

- And the micro and macro news including:

Tesco #TSCO
LGO Energy #LGO
Quindell #QPP
Gulf Keystone Petroleum #GKP
Nanoco #NANO
The Restaurant Group #RTN
Laird #LRD
Unite Group #UTG
SSP #SSPG
Trainline
Jardine Lloyd Thompson #JLT
H&T Group #HAT
Morgan Sindall #MGNS
Zoopla Property #ZPLA
Rightmove #RMV
LSL Property #LSL
Countrywide #CWD
Taylor Wimpey #TW.
Redrow #RDW
Persimmon #PSN
Crest Nicholson #CRST
Bovis Homes #BVS
Berkeley Group #BKG
Bellway #BWY
Barratt Developments #BDEV

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.

Ten Bagger Tuesday

(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:

Suggest a stock

(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking HERE

To follow me on Twitter click HERE

As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
Level 2 - £350 (normally £472.94/year)

Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

jeffcranbounre
09/1/2015
07:24
Hi Guys,

Positive valuation news again today. However, I'm somewhat surprised that there is not a higher valuation growth driven by yield compression. This is caused by a read across from open market property sales, where student property is changing hands at higher valuations than reflected below. The revaluation of Unite's portfolio is undertaken independently and it suggests the valuer has a been conservative. Joe Lister's comment clearly signals that we should see an uplift in valuations from this closer alignment with open market prices once more transactions complete.

'At 31 December 2014, USAF's property portfolio was independently valued at £1,573 million representing an increase of 1.2% during the quarter. The portfolio now comprises 24,820 beds in 68 properties across 22 university towns and cities. LSAV's property portfolio was independently valued at £426 million, up 1.4% in the quarter, and comprises 2,968 beds in 11 properties across London and three properties in Edinburgh.

The USAF property portfolio has increased in value by 3.9% and the LSAV portfolio by 4.6% over the year on a like-for-like basis, with rental growth contributing approximately three-quarters of the movement and modest yield compression making up the remainder.

The USAF portfolio is now valued at an average yield of 6.5% and the LSAV portfolio at an average of 5.9%.

Commenting on the valuations, Joe Lister, Unite Students Chief Financial Officer, said:
"The USAF and LSAV portfolios have both performed well in 2014, with a further year of strong occupancy and rental growth supplemented by modest yield compression. Based on indicative pricing of pending transactions in the market we expect yields to compress meaningfully from December 2014 levels during 2015 as those transactions complete."

maddox
08/1/2015
17:56
WirralOwl,

Happy New Year to you too.

Theresa May was reported as sticking to her guns and responding that 'no decision has been taken'.

She's lost the plot.

Regards, Maddox

maddox
07/1/2015
16:27
Happy New Year, Maddox!

What a ridiculous idea. Confirms everything I already thought about Theresa May, but thankfully common sense seems to have prevailed.

On a more positive note, UTG seems to tick along quite happily, with 2015 already bringing a new high.

BR,
WO

wirralowl
28/11/2014
07:04
Nice rise in Unite - what's the reason? Well, as I mentioned a few posts ago there are lot of student property deals on the cards. this provides an obvious read-across to the value of Unite's portfolio. Here is one:

"Investment and asset manager BlackRock has purchased a major student accommodation package adjacent to the University of Plymouth.

Advised by DTZ, the firm bought Frobisher House, a 134-bedroom scheme leased to the university, for £9.4m and Regent Cottages, which is currently being developed to provide another 193 student bedrooms.

GVA represented Saltire Property Developments Ltd and Urban Crib, the vendors at Frobisher House.

Student accommodation provider Victoria Hall will manage the buildings on behalf of BlackRock UK Property Fund.

Nick Allan, senior director at DTZ, said: "This is a strategic acquisition adjacent to the university's campus in a market that has one of the highest ratios of students per bed space of any university city in the UK."

hxxp://www.insidermedia.com/insider/south-west/128488-blackrock-invests-plymouth-student-accommodation/

Regards, Maddox

maddox
26/11/2014
20:43
Apologies WirralOwl, I was just wallowing in my solitude, shall me and you create a run on Inland? Cheers, Maddox :-)
maddox
26/11/2014
17:21
...and me, very occasionally! ;-)

Cheers for the heads-up on the IC tip, Maddox, will have to check it out on Hargreaves Lansdowne.

wirralowl
26/11/2014
11:45
Hi DT1010, Your on the wrong thread - only me on this one! Maddox :-)
maddox
Chat Pages: Latest  48  47  46  45  44  43  42  41  40  39  38  37  Older

Your Recent History

Delayed Upgrade Clock