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
  -4.00p -1.30% 304.00p 304.00p 306.00p 305.00p 303.00p 305.00p 180,557 13:16:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 60.3 7.9 4.8 63.3 440.69

Urban and Civic Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
17/1/2018
18:16
I agree, and considerably helped by the fact that Uanc operates in areas with the largest growth in house prices.
shaker44
17/1/2018
17:56
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&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
mark10101
17/1/2018
16:56
The local Hunts Post article shows how central government can be engaged with coal face house building............that is not to say that is a good thing as planning law needs to change.........BUT how quickly? No idea MARK10101 where the £71K figure for a plot comes from but the big point is thats its a smart development and the houses are selling well. The AGM is soon but I shall be way so would have gone.
anley
17/1/2018
13:46
http://www.huntspost.co.uk/news/national-housing-agency-homes-england-launched-at-alconbury-1-5356508
2breakout
16/1/2018
08:37
There was a post in February that stated the first plot at Alconbury went for £71,000 per private unserviced plot. Does anyone know if this excellent plot valuation at Alconbury was maintained? Is an average figure for the plots sold after this avaialable anywhere?
mark10101
05/1/2018
14:15
So if we add 304p + 68p = 372p is the current valuation and today the price is 304p........good progress.
anley
03/1/2018
14:05
Simon thompson of investor's chronicle mentioned UANC today: "I also note that shares in Urban&Civic, a listed property group specialising in strategic residential land developments, have risen by 12 per cent since I advised buying ahead of the full-year results at the end of November ('Trading plays', 9 Oct 2017). As expected the company’s EPRA net asset value (NAV) posted a decent uplift, rising from 284p to 304p a share. However, this only tells part of the story because surveyors’ valuations embedded in that EPRA figure incorporate a thumping discount on the actual open market prices of land parcels Urban&Civic is achieving at its 1,432 acre freehold site at Alconbury Weald, incorporating Cambridgeshire's Enterprise Zone; and at the 1,170 acre site in Rugby. Marking land to open market prices adds almost £100m to the company’s net asset value, a sum worth 68p a share. I fully expect the rerating to continue as further land is sold off and the hidden value in the accounts is crystallised. Buy."
glawsiain
03/1/2018
12:57
People starting to wake up to the HIDDEN value here
spob
03/1/2018
12:39
decent breakout
2breakout
02/1/2018
11:59
Tipped for 2018 hence the slight click-up....
anley
20/12/2017
10:26
Old news, but a very sweet deal imv
shaker44
20/12/2017
09:11
UANC pulling things together nicely. Http://www.theconstructionindex.co.uk/news/view/urban-civic-takes-over-corby-housing-development
mark10101
19/12/2017
10:05
Just talking to the workers..........they always tell you what is going on.
anley
18/12/2017
22:18
Hi Anley, What was it you saw which encouraged your view on forward sales at Alconbury? Any further comment appreciated.
maiken
05/12/2017
17:17
This afternoon I went to see the Alconbury development - Hopkins Homes, Redrow and Morris are building and I would have thought that the forward sales figures which have been quoted are going to be well beaten. That will make for an uplift in either any forward looking statement or in the half yearly figures...............bullish for 2018. Finally I must say what a good looking building site with all the 3 builders keeping everything tidy etc...........well done and a great credit to the industry.
anley
05/12/2017
10:08
The price is trying to head higher but the markets are unable to make this stock out and besides its not a very liquid market for any institution to build even a small stake.
anley
01/12/2017
01:42
In my view the analyst herd instinct is taking builder investment out of fashion just now, quite unjustifiably. And Uanc is a gem. Very well managed and should be rated far higher. Interest rates and outlook benign, budget benign, and government committed to more new build. What's not too like?? Which sectors have better potential??
shaker44
30/11/2017
16:32
Yes very bullish "Good results, followed by what is starting to feel like a decisive past two months. The recommendations of the National Infrastructure Commission Cambridge to Oxford brain belt study and the Budget housing priorities rest squarely upon delivery at a scale that can make a difference. Our Master Developer model is cutting the old assumptions for time between outline planning submission and first housing delivery in half. We are also on track to double historic rates of subsequent delivery. That combination is transformational for the politics just as much as the economics of large projects and gives local authorities the confidence to commit. The progression can be charted on Urban&Civic strategic sites; from the very first house sale in September 2016, to 52 housing completions last year and our best estimate of 315 in the current year and 720 in the next. Shareholders can anticipate additional strategic site investment in identified high growth areas" Good to see a director buy straight after the results.
shauney2
30/11/2017
13:18
Worth reading the CEO's comments on the results. He likes to paint a picture...
glawsiain
30/11/2017
12:08
and I see one of the directors has done the same this morning..........
anley1
28/11/2017
14:04
A solid set of figures and it will be interesting to read what the general press think of them. I have topped up again at 275 with great difficulity ...........such a shortage of shares in the market.
anley
28/11/2017
09:58
All continuing to look very solid here
daneswooddynamo
14/11/2017
10:52
In reply......... YES I do think that the value per plot is on the low side when you consider that the infrastructure costs are mostly included and general costs are always on the increase. If there were to be say a bid the plot valuation would be the first port of call I would look at as well as what property they could sell - see the recent Stansted sale - and the valuation could be somewhere above 350p which is my target review price. The other question I keep asking myself is why did one of the partners of the principal shareholders come to live in Huntingdonshire?
anley
13/11/2017
12:03
Hi Anley, thank you for your reply, it was not a deramping attempt as my farther who lives in the area and where I grew up has spotted UANC and has already built a decent holding. I am not that bearish on housing atm but does look to be facing some headwinds which is why I wonder if it will effect general sentiment in the sector, which could have a knock on effect to UNAC. I say this as somone who saw the financial crisis coming (we are told knowone did....) and sold my house and was 100% in cash as of summer 2007 before it really got going. Anyway, I still like what I see in UNAC and wonder what your view is on the NAV? The small amount of research I have done so far seems to suggest they have very very conservative valuation per plot?
mark10101
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