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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Urban&civic Plc | UANC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 344.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 344.50 | 344.50 |
| Top Posts |
|---|
Posted at 30/11/2020 10:21 by top_cat What are Chronic Investor and Shares magazines advising on this bid? |
Posted at 06/11/2020 15:42 by james188 I have cashed in and will move on, but I am not remotely thrilled by the price. I suspect that the board felt that the share price had got stuck and was going nowhere fast - and so the continuing trend of take private deals goes on.I suppose it is just possible that a rival bid will emerge, but I rather doubt it. The same thing was said about TEF last year, but nothing happened. UANC is a fairly unique model and requires a long term investor/group with deep pockets. I can see why they have exited the public markets, but it is a pity. |
Posted at 06/11/2020 08:14 by daneswooddynamo Just shows how cheap large chunks of the UK equity market are at the moment for anyone with a medium term perspective. The Wellcome Trust are savvy investors so if they think 345 is worth paying you know they think the value is much higher. That is why I think a counter is quite likely |
Posted at 07/10/2020 11:11 by daneswooddynamo Cannot believe the valuation here. Think it must just be down to forced selling potentially by Aberforth who are big holders but may be having to offload due to fund redemptions as investors shun UK equities. If you believe the need for housing will be unabated and you want to invest in a very well run and conservatively geared play at a big discount there do not seem to be many better candidates imoBefore corona the shares had started to finally price in the rosy prospects and whilst other larger more liquid housing related stocks have recovered a lot of ground in the last few months this is languishing |
Posted at 15/9/2020 14:19 by james188 I am not sure how many people really understand the UANC business model - or can be bothered with it.It is a master developer, like the old development corporations, which derisks huge and complex sites so that the infrastructure and planning is in place and then parcels them up for builders. Addressing the point queried by anley, it also does some direct development. So, over time, it is patiently building up an increasingly significant revenue stream from the licence fees that builders contract to pay (akin to a royalty payment stream) - and it also has a growing land bank with very low cost finance in place, which I doubt would be made available to any of the house builders. The company is still fairly young and so the revenue stream is any of a slow burner. For those who are prepared to wait, I think that the share price should start to accelerate in a year or so. In the meantime, it is a fairly low risk option, but maybe not exciting enough for many investors. So, when it announced a couple of months ago that it had secured a resolution to grant planning permission at Manydown (an extremely large scheme of well over three thousand houses, with the possibility of more to come), the share price barely flickered. I am happy to hold, but for the long term. |
Posted at 17/1/2018 17:56 by mark10101 This is a post from Spob back in Feb last year. Just wondering if it was representative of the rest of the sales.spob14 Feb '17 - 17:54 - 49 of 99 0 1 0 Simon Thompson today Shares in Urban & Civic have rallied around 7 per cent in the past eight weeks, but still look undervalued on a 19 per cent discount to historic EPRA NAV of 284p, and priced 29 per cent below EPRA NAV estimates of 324p and 332p, respectively, based on forecasts from analysts at Stifel and JP Morgan Cazenove. The valuation uplifts expected are eye-catching, but it’s worth noting that last year unserviced residential EPRA values per plot rose by a third to £24,500 at the company’s 1,432 acre freehold site at Alconbury Weald, incorporating Cambridgeshire's Enterprise Zone, with permission for 5,000 homes; and jumped by 16 per cent to £15,000 per plot at the 1,170 acre site in Rugby where permission has been granted for 6,200 new homes. Bearing this in mind, the first house sale at Alconbury generated a £64,000 profit and produced an unserviced plot value of £71,000 per private plot, well above the appraised blended plot value of £24,500 calculated by CBRE Limited, an independent firm of chartered surveyors, which was used in Urban&Civic̵ I feel that investors are likely to cotton onto this ‘hidden’ value when Urban&Civic next reports results and continue to rate the shares a value buy |
Posted at 10/10/2017 12:10 by shaker44 Also positive write-up yesterday by Simon Thompson investors chronicle. Advised buying ahead of results as assets valuation likely to be up significantly |
Posted at 14/2/2017 17:54 by spob Simon Thompson todayShares in Urban & Civic have rallied around 7 per cent in the past eight weeks, but still look undervalued on a 19 per cent discount to historic EPRA NAV of 284p, and priced 29 per cent below EPRA NAV estimates of 324p and 332p, respectively, based on forecasts from analysts at Stifel and JP Morgan Cazenove. The valuation uplifts expected are eye-catching, but it’s worth noting that last year unserviced residential EPRA values per plot rose by a third to £24,500 at the company’s 1,432 acre freehold site at Alconbury Weald, incorporating Cambridgeshire's Enterprise Zone, with permission for 5,000 homes; and jumped by 16 per cent to £15,000 per plot at the 1,170 acre site in Rugby where permission has been granted for 6,200 new homes. Bearing this in mind, the first house sale at Alconbury generated a £64,000 profit and produced an unserviced plot value of £71,000 per private plot, well above the appraised blended plot value of £24,500 calculated by CBRE Limited, an independent firm of chartered surveyors, which was used in Urban&Civic̵ I feel that investors are likely to cotton onto this ‘hidden’ value when Urban&Civic next reports results and continue to rate the shares a value buy. |
Posted at 06/10/2015 20:54 by r ball Ahhh. A new home for the quintain investor? |
Posted at 06/12/2014 15:29 by stevie blunder Bought a few of these on results day. I think they should trade at a modest premium to NAV rather than a discount.I found the presentation easier to understand than the RNS: Pleased to see that Investors Chronicle on Friday says they are "far too cheap" and retain their Buy. |
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