Urban&civic Share Discussion Threads

[shaker44] 23/10/2017 10:26

I think I spotted that aberforth just doubled up buying another £200m....

[shaker44] 23/10/2017 10:26

I think I spotted that aberforth just doubled up buying another £200m....

[shaker44] 23/10/2017 10:25

I think I spotted that aberforth just doubled up buying another £200m....

[shaker44] 23/10/2017 10:24

Cheaper than that even!! If assets valued even close to a conservative market value!
Better deal for a bigger builder than buying in shares or giving cash back to shareholders.
Ripe for the picking!

[daneswooddynamo] 23/10/2017 09:40

Cheap as chipolatas....still!

[shaker44] 23/10/2017 09:00

Another great rns today, following last weeks sale of Stansted Hotel at better than expected price. Today a further major land and houses acquisition in S Midlands (where prices are strong and relatively affordable), funded by goverment HCA.
And yet the share price is unmoved! For how long will uanc be below the radar?
May get a boost this week if IC cover the deal, and next month from trading results and UK Autumn budget.

Just tucked more away. DYOR

[anley] 13/10/2017 17:40

I also like the appointment of a Telford director to the board..........do I smell a merger one day?

[anley] 13/10/2017 17:39

On the basis of that article and knowing what is going on in and around Huntingdon I bought the story for a medium term punt.

When the A14 is finished around the Huntingdon area it will see not only demand for the houses and space but good solid house price increases.

Rugby is in a similar situation and I like the deal they have done there.

[shaker44] 10/10/2017 12:10

Also positive write-up yesterday by Simon Thompson investors chronicle. Advised buying ahead of results as assets valuation likely to be up significantly

[spob] 08/6/2017 09:12

ex div today

1.2p :)

[daneswooddynamo] 25/5/2017 15:41

Yep still looking very cheap

[shauney2] 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.”

[spob] 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.

[daneswooddynamo] 27/4/2017 09:33

Moving on up...

[spob] 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

[daneswooddynamo] 01/3/2017 10:19

continuing to accumulate as i have been doing for 18 months. Patience will be rewarded imo

[spob] 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.

[strathroyal] 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.

[shaker44] 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!

[spob] 14/2/2017 18:55

332p + 60p = 392p