Share Name Share Symbol Market Type Share ISIN Share Description
Unite Group 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
  -4.50p -0.70% 636.00p 636.00p 637.00p 640.50p 633.00p 638.00p 500,537 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 120.7 201.4 101.3 6.3 1,412.35

Unite Group (UTG) Latest News (1)

More Unite Group News
Unite Group Takeover Rumours

Unite Group (UTG) Share Charts

1 Year Unite Group Chart

1 Year Unite Group Chart

1 Month Unite Group Chart

1 Month Unite Group Chart

Intraday Unite Group Chart

Intraday Unite Group Chart

Unite Group (UTG) Discussions and Chat

Unite Group Forums and Chat

Date Time Title Posts
20/3/201710:18Unite with Charts - Student Property Development558.00
08/2/201116:47Reaves Utility Income Fund - Monthly Dividend US$5.00
20/11/200914:04Warren Buffet1.00
20/4/200915:34What do you think of this stock?1.00
21/1/200809:52UNITE : NAV Ј3.05 , shares Ј1.68 and climbing500.00

Add a New Thread

Unite Group (UTG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Unite Group trades in real-time

Unite Group (UTG) Top Chat Posts

Unite Group Daily Update: Unite Group is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker UTG. The last closing price for Unite Group was 640.50p.
Unite Group has a 4 week average price of 621p and a 12 week average price of 577p.
The 1 year high share price is 667.50p while the 1 year low share price is currently 542p.
There are currently 222,067,364 shares in issue and the average daily traded volume is 586,708 shares. The market capitalisation of Unite Group is £1,412,348,435.04.
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?
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://
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
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
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.
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
kpwf: The trading update this morning is forecasting an "EPS yield" of around 4.5% for FY16. This as I understand it is earnings as a percentage of the share price - in effect the PE ratio expressed the other way round. If so, then presumably the 4.5% refers to the EPRA earnings (ie based on rental income only) and not statutory earnings, since based on the statutory EPS already reported for H1 (48.3p), you would expect the yield to be much higher for the full year. Can anybody help to explain this please.
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
buzztrader: #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.
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
Unite Group share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V: D:20170423 17:40:42