Urban&civic Investors - UANC

Urban&civic Investors - 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
0.00 0.0% 344.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
344.50
more quote information »
Industry Sector
REAL ESTATE

Top Investor Posts

DateSubject
30/11/2020
10:21
top_cat: What are Chronic Investor and Shares magazines advising on this bid?
06/11/2020
15:42
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.
06/11/2020
08:14
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
07/10/2020
11:11
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 imo Before 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
15/9/2020
14:19
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.
17/1/2018
17:56
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&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
10/10/2017
12:10
shaker44: Also positive write-up yesterday by Simon Thompson investors chronicle. Advised buying ahead of results as assets valuation likely to be up significantly
14/2/2017
17:54
spob: 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.
06/10/2015
20:54
r ball: Ahhh. A new home for the quintain investor?
06/12/2014
15:29
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: http://www.urbanandcivic.com/media/pdf/14%2012%2002%20Investor%20presentation%20slides%20-FINAL%20APPROVED.pdf Pleased to see that Investors Chronicle on Friday says they are "far too cheap" and retain their Buy.
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