Urban&civic Dividends - UANC

Urban&civic Dividends - UANC

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Urban&civic Plc UANC London Ordinary Share GB00BKT04W07 ORD 20P
  Price Change Price Change % Stock Price Last Trade
7.50 3.65% 213.00 16:35:17
Close Price Low Price High Price Open Price Previous Close
213.00 206.00 211.50 208.00 205.50
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Industry Sector

Urban&civic UANC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

anley: There is so much "cash" floating around looking for a deal and it would not surprise me if this company is not on the radar. Cheap it is and the Business Model is sound but the profits are only made either when they sell a parcel to a builder or trade which they have in land or buildings which they have done successfully. BUT they have done this and still the share price is where it was in 2014 although I will grant you that it went as high as 370p. Look at one of the charts above, I live near Cambridge and have been to most of the sites and they are clean and busy so I have nothing to say about the management BUT how do you defend a company if someone comes along and says Move Over..............you have a NAV of some 400p+ and land for HOMES. Its a builder on a merger - shares for shares and all the working capital in place.
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.
daneswooddynamo: This company was starting to finally perform in share price terms before Covid struck. It has not recovered much at all since unlike many of the big house builders. Why? I have no doubt that there is an ongoing seller/overhang which is holding things back. Maybe Aberforth which was selling in its last stock exchange announcement a few months back. UK managers have been subject to big redemptions so you cannot help being a seller to keep up. In the meantime the company will be finding its way through the current conditions and is conservatively geared, trading at a big discount to nav. On a medium term view given the required housing stock in the UK it continues to look very well-placed imo with very experienced management. It should continue to develop its large site capability and follow its business model, not start building houses where it has no experience and no expertise and where the capital requirements would explode. There is always the chance of a takeover if it becomes too cheap although most of the big house builders would be unhappy to tie up big capital in a takeover rather than just pick off plot parcels as and when they need them.
anley: The price has settled down and last year the results were announced towards the end of November 2019. The Y/E for this company is 30 September so here we are nearly at the end of their financial year and forgive me but they know what the figures are hence a small movement in share price. I ask all thos who read this BB to go and look at what the share price of this company was 5 years ago................then look at today's price - no one has made a great deal from developing their business model and in fact if it were not for dealing profits this company would have gone nowhere. What this company should do is BUILD the houses itself BUT I don't see that happening so why not sell out for say £4 per share to a National housebuilder such as Bovis. Worth a thought for the Board to consider and with 25% of the equity held by the City is this not the deal they look for in these Covid days?????????
shaker44: Interesting share price increase PRIOR to announcement. Same old...
daneswooddynamo: well it's pre-let to them so presumably there would be penalty payments. I don't know the area but sounds as though there would be good local use of it as many shoppers go further afield. But i think it's relatively insignificant in terms of the main investment case for U&C which is basically now its two massive housebuilding developments good to see the steady share price rise over last week or so
speedsgh: Company's current issued share capital is 140,497,109. From interim results - HTTP://www.investegate.co.uk/urban--38-civic-plc--uanc-/rns/interim-results/201405300700104065I/ Post balance sheet transaction "...The effect of this transaction will be to increase the [IFRS] net asset value of the group from £50.8 million at 31 March 2014 to a net asset value on a pro-forma basis of £315.0 million on the completion of the transaction on 22 May 2014." So EPS based on IFRS NAV as of 22 May was 224.2p against a current share price of 227p. I suppose the market is waiting for confirmation that post-merger the NAV is moving in the right direction. Final results next month should shed light on that. Also worth noting that, whilst it is the stated intention of the company to pay a progressive dividend, they are only targeting a "first dividend of approximately one per cent. of the Placing Price [225p] after a full year of trading, being the year ending 30 September 2015* * This is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions at all." See HTTP://www.investegate.co.uk/terrace-hill-group--thg-/rns/recommended-acquisition-and-proposed-placing/201404280700106064F/ That amounts to enough uncertainty to keep a lid on the share price for the time being. Aimho. EDIT - I am of course aware that EPRA NAV is the more important measure but no guidance has been given on this since the merger afaics.
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