Urban&civic Share Discussion Threads

[anley] 02/1/2018 11:59

Tipped for 2018 hence the slight click-up....

[shaker44] 20/12/2017 10:26

Old news, but a very sweet deal imv

[mark10101] 20/12/2017 09:11

UANC pulling things together nicely.

[anley] 19/12/2017 10:05

Just talking to the workers..........they always tell you what is going on.

[maiken] 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.

[anley] 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.

[shaker44] 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??

[shauney2] 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.

[glawsiain] 30/11/2017 13:18

Worth reading the CEO's comments on the results. He likes to paint a picture...

[anley1] 30/11/2017 12:08

and I see one of the directors has done the same this morning..........

[anley] 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.

[daneswooddynamo] 28/11/2017 09:58

All continuing to look very solid here

[anley] 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?

[mark10101] 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?

[anley] 13/11/2017 11:26

I don't want to be rude MARK10101 but UANC business model is very different to the other national house builders and on top of this their land bank based around Cambridge - Huntingdon with its new M14 under construction - is an area where house prices are at best still increasing and at worst holding their own.

I will also mention that "new" homes are looked at first with a view to buying rather than "old" house where estate agent (see your BBC link) news is not really relevent.

One also needs to keep and eye on what I call the Assets at a Discount and here we have a market price of 270p V NAV 300p+. Now one does not get this when you buy Taylor W or any of the others so for me its a defensive quality and as I am a buyer with a view to holding this until a T/O comes along. Its the only way the big shareholders can cash in......so again have a close look at who holds these shares.

I wont bother to bang on about the need to build up to 350K new homes each year - up from 250K from 3 years ago - as the UK population just grows and grows.

Finally remember what Mark Twain said - "They don't make land anymore" but he should have carried on and mentioned that it always goes up in value even under a Labour government.

Hope this helps to change your mind all from someone who built 1500 homes in East Anglia from 1963 to 1987. There were a few ups and downs during that period of time but raw land never fell in value as the population grew and grew!!!!!

[mark10101] 10/11/2017 20:14

Guys I have been watching for a while and have a local interest in UANC, however with the property market weakening will this be a drag on things here?



Having been in oil companies in 2015 I have experience the baby with the bath water market reaction. To add I don’t think the property market is facing an event like 08 for housing or 2015 for oil, just have seen the damage general market sentiment can have.

[anley] 10/11/2017 10:47

The future is bright but sometimes these City fund managers like to take a profit - its for their year end bonus pot. Nevertheless, the stock is difficult to buy in blocks and should the results suit the market then small buying will push the price up.

House builder shares are now in turbulant water so in the case of U&C look for current and forward sales, gearing and cash flow as this will be comapred with Redrow and the others.

[shaker44] 08/11/2017 12:41

Surprised. Future looks solid for Uanc imo

[anley] 08/11/2017 12:11

and Investec sell............

[shaker44] 25/10/2017 13:26

So Hambro now hold over 8m shares(6%+). Probably investing but could be stake building.

[anley] 24/10/2017 17:01

And Hambro adding to its position...no wonder stock is in short supply when the NAV is now well over the 300p and this does not - in my view - take in to consideration the potential profitabily of the business.

[anley] 23/10/2017 17:33

Another smart deal in Northants..........this is the sort of housing development business that this government likes..........planning with houses and then getting them developed by all the big names.

Bought more this afternoon in a tight market with no real sellers in sight - so it sems.

[shaker44] 23/10/2017 10:27

Sorry I exaggerate! They now own 10%,same as investec.
Whoops

[shaker44] 23/10/2017 10:27

Sorry I exaggerate! They now own 10%,same as investec.
Whoops