Share Name Share Symbol Market Type Share ISIN Share Description
Urban and Civic LSE:UANC London Ordinary Share GB00BKT04W07 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 257.00p 252.00p 257.00p 257.00p 254.25p 257.00p 6,323 16:29:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 95.2 25.9 14.6 17.6 372.56

Urban and Civic Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
08/6/2017
09:12
ex div today 1.2p :)
spob
25/5/2017
15:41
Yep still looking very cheap
daneswooddynamo
25/5/2017
14:28
Analysts at Stifel said: “NAV of 293p a little ahead of our 290p forecast but more important is the progress being made at the sites with the first cash receipts of £7.9m coming back to U&C from the 28 sales at Alconbury (total sales/reservations now stand at 63) suggesting 2.2x EPRA book value.”
shauney2
25/5/2017
07:51
Alconbury, Rugby and Newark Valuation increases at Alconbury and Rugby, pro rata to our 50 per cent share were GBP6.2 million and GBP3.5 million respectively; netting off period spend, the March 2017 valuations equate to an unserviced plot holding cost of GBP25,300 at Alconbury and GBP16,500 at Rugby. The valuations necessarily have regard for circumstances only as at 31 March 2017 and were prepared on the basis of assumed average house prices of GBP290 and GBP260 per sq. ft. respectively. The starting point for our valuers in appraising the EPRA value of those consented plots is the current open market value of a ten acre parcel, or what we might call the retail figure. They then apply what amounts to a wholesale discount for scale and time. The difference between the current retail valuation and the wholesale figures included in our EPRA calculations now amounts to an estimated GBP103 million or the equivalent of 71p per share.
spob
27/4/2017
09:33
Moving on up...
daneswooddynamo
04/4/2017
20:30
Simon Thompson Shares in Urban & Civic have risen by 11 per cent since my December article, so slightly lagging the gains of the FTSE 350 housebuilders, and look undervalued on a 28 per cent discount to analysts' EPRA NAV estimates of between 324p and 332p a share. The company reports interim results on Thursday, 25 May and I anticipate further valuation upside on the unserviced residential EPRA plot values at the company's 1,432 acre freehold site at Alconbury Weald, incorporating Cambridgeshire's Enterprise Zone with permission for 5,000 homes; and the 1,170 acre site in Rugby where permission has been granted for 6,200 new homes. Chartered surveyors last valued the two developments at £105m and £197m, respectively, so they account for three-quarters of the company's book value. However, these valuations are based on average blended plot values of £24,500 and £15,000, respectively - well below the levels of recent sales. The 'hidden' value in the balance sheet is highly supportive of analysts' expectations of mid-teens NAV per share growth in the financial year to end-September 2017 and I remain a buyer ahead of the forthcoming half-year results.
spob
04/4/2017
13:53
Added some more today whilst still cheap
spob
04/4/2017
13:50
Added some more today whilst still cheap
spob
01/3/2017
10:19
continuing to accumulate as i have been doing for 18 months. Patience will be rewarded imo
daneswooddynamo
23/2/2017
16:10
I set this thread up for my own use. I always do if I am watching or following any share. Really don't mind which thread people use. I certainly don't set up threads to spite others or to feed my ego. I'm here for one reason only. To compound my capital.
spob
23/2/2017
16:00
We were hardly overwhelmed with comments on the previous thread so unclear why a new one was considered necessary but might as well embrace it. A second director has now purchased a decent volume of shares so that's one each side of the AGM yet no statement provided at that time but the shares continue to rise. Would be very positive if only we could get some volume.
strathroyal
15/2/2017
03:09
They do look seriously undervalued/overlooked at current levels. And rather better managed than Bovis!
shaker44
15/2/2017
03:09
They do look seriously undervalued/overlooked at current levels. And rather better managed than Bovis!
shaker44
14/2/2017
18:55
332p + 60p = 392p
spob
14/2/2017
18:47
Interesting that a director has bought shares ahead of the AGM tomorrow, perhaps we'll get a positive update. ST's point is well made, the shares should be valued as housebuilders rather than property developers in view of the present activities.
strathroyal
14/2/2017
17:54
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&Civic̵7;s last set of accounts. That’s significant because CBRE have conservatively valued the two developments at Rugby and Alconbury at £105m and £197m, respectively, so these account for three quarters of the company’s net asset value of £410m. This means that the difference between the larger site valuation of Alconbury and Rugby, as included in the EPRA valuation, and current land parcel sales to housebuilders is around £91m, a sum worth 60p per share. 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.
spob
01/2/2017
18:31
Nice thought but there's no volume.
strathroyal
01/2/2017
16:25
starting to show signs of life again, been buying even more, hopefully patience will be rewarded here as continues to look very cheap
daneswooddynamo
07/12/2016
12:05
Perhaps start of a rerating? Hope so
nurdin
07/12/2016
09:21
I say...:o)
nurdin
06/12/2016
12:04
And I thought ripe for a takeover before brexit put a damper on the sector...
shaker44
06/12/2016
12:02
Cheap as chips...but has been for a while!
daneswooddynamo
06/12/2016
11:00
Had a few...just a small initial tranche
nurdin
Chat Pages: 3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
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:43 V: D:20170925 17:12:56