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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 | |
---|---|---|---|---|---|---|---|---|---|---|
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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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.insiderme 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 |
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