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Share Name Share Symbol Market Type Share ISIN Share Description
Urban Exposure Plc LSE:UEX London Ordinary Share GB00BFNSQ303 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 69.25 68.50 70.00 69.25 69.25 69.25 36,284 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 11.1 0.2 0.1 769.4 114

Urban Exposure Share Discussion Threads

Showing 176 to 199 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
26/10/2020
14:27
In spite of the bulk of the then board nodding through this dreadful interest-free loan to the Sandhu family charity, one non-exec took decisive action and flagged up this transaction to the NOMAD. So on this occasion a grotesque corporate governance failure was thwarted. I remain a holder here.
cjohn
22/10/2020
05:42
This was an epic governance fail in which Randeesh Sandhu ex CEO along with his wife, Daljit Sandhu ex CEO and others left the company after a review by non-executive directors into the company’s governance arrangements, relating to that loan.
carcosa
21/10/2020
16:23
"The Company announces that the interest-free unsecured loan of £907,000 between Urban Exposure Philanthropy Limited and Urban Exposure Amco Limited has been fully repaid, and that the security given by Randeesh Sandhu and Daljit Sandhu for the repayment of the loan has been released." interest free loan....
yieldsearch
12/10/2020
07:11
Thanks Yieldsearch quality information as usual
solarno lopez
10/10/2020
17:46
Thank you Yielsearch. A lot for thought there. Btw I see that Wellelsey are in the process of a CVA. So likely to tender even if less than NAV. (Unless they have been selling to Weiss, but I don’t recall any holdings RNS on that)
papy02
10/10/2020
17:02
Hi Papy02 tks for your comment, it is a hard choice, selling now or waiting for tender and further clarification on full realisation. Sell: if you sell at 68.4, you are leaving between 3.6 and 9.6 ( of 5.3% to 14% upside). You clearly have no risk left. Keep: if they do a tender, weiss already own 20pc so they will tender those (Assuming tender at NAV). Others institutional investors will/should likely do the same. You may have some upside from other retail investors not participating in the tender but hard to assess. Some loans repaid or refinanced (as above), which created a good initial cash amount, and i guess thats what create the recent price appreciation. I have no visibility on the other loans, i guess if those are not refinanced by third parties like the luton loan, either it is due to credit reasons (i hope not, otherwise they would have disclosed it? and reduced the realisation value of 72-78p accordingly??) or they can't be refinanced due to their nature (exactly what, I dont know, may be priced pre covid, now loan pricing went up). then clearly while the assets are loans and therefore have some level of protection, who knows what will happen with covid, residential markets, general economy and brexit in the short and medium term. So really either crystallising your gain and leaving a return of 5 to 14%, or keep it for the full realisation and be exposed to timing and potential reduction in realisation price.( the 78pc i dont think can be increased.. capped by the return on each loans) On my side, I had a target return and it is basically achieved. so really depends on your entry point, your target and the level of risk you want to take. tought choice!
yieldsearch
10/10/2020
11:50
Thanks, Yieldsearch for sharing your research. Are you minded to sell now, or hang on for the tender? Do you have a view on likely outcome in terms of where in the 72-78p range (or above?) it may end up, and timescale. The initial distribution is more than first estimated. I’m wondering, as this is now being run by the accountants, if they will continue to underpromise/overdeliver, or on the contrary, whether they are trading speed for amount of recoveries. As you say, they give minimal visibility. But I’d be interested in any view or comments. The other factor of course will be how they structure the initial tender - whether they will offer whatever they estimate the eventual NAV return to shareholders will be per share, or offer clearly less (the current share price gives them little wiggle room for that if they think the eventual return will be iro 72p). Also whether they will allow tendering of amounts in excess of your entitlement, subject to their overall £m target. What Weiss tenders may be the best litmus test, if that gets disclosed in the tender Circular. Many thanks again.
papy02
10/10/2020
10:31
market is at 68.4/ 69.50, with range of outcome 72-78p large amount to be released within 2 months, clearly positive but not much visibility for the tail. doing some research, the luton loan was refinanced by Cheyne Capital: hxxps://urbanexposureplc.com/urban-exposure-finances-83-3m-lu2on-development-for-strawberry-star-in-luton/ hxxps://www.propertyfundsworld.com/2020/09/18/289807/strawberry-star-secures-gbp75m-funding-cheyne-capital-luton-development Will be interesting to see if others loans will be refinanced by them. Weiss stake increasing, now close to 19%. Invesco out. All in all, seems fully priced to me
yieldsearch
05/10/2020
11:37
Weiss AM ownership jump for 5.92% to 17.5%. Large part through financial instrument, on the 1st Oct, date of the company update Weiss is a value investor so good sign to have them on board
yieldsearch
01/10/2020
08:55
Thank you Yieldsearch
solarno lopez
01/10/2020
08:41
27p per shares, or 41% of the current share price (66p)
yieldsearch
01/10/2020
08:27
how much is that per share ?
solarno lopez
01/10/2020
08:26
43m to be distributed in the next 2 months. ++
yieldsearch
01/10/2020
08:23
43m to be distributed in the next 2 months. ++
yieldsearch
24/9/2020
21:30
Hi Papy02: you are correct, i amn lazy by nature and wanted to be conservative... Number of shares in issue: 165,000,000 Excluding treasury shares: 158,494,130 Recent volume explained by the arrival of a new investor, "Almitas Capital LLC". Their website is disclosing that "Almitas Capital strives to achieve superior risk-adjusted returns for clients by investing in undervalued equity and debt securities." Sounds good to me.
yieldsearch
24/9/2020
09:08
Hi Yieldsearch. Good post. The most recent ref I picked up said “the number of shares with voting rights is 158.494m”. They also have (had?) a fair few in Treasury. If I’m correct in using the shares w voting rights that boosts the return/share, eg to 16.4p within 2 mo. Didn’t note which RNS I got the above sharecount from but can search again if needed. Would be interested in your take.
papy02
23/9/2020
09:54
Thanks Yieldsearch its always refreshing when someone provides good solid evidence and quality input to their post
solarno lopez
23/9/2020
09:45
Interim results posted yesterday: Slightly lower range of return , but expected much faster Cash of 51m with £26m to be returned via tender (may increase if loan repayment collected pre tender) return assumptions: Buy at 64.7p Receipt of 15.8p in 2 months (26m of cash/165m shares) Receipt of 49.0p in 12 months (90% of 72p, reduced by the cash paid in month 2) Receipt of 7.2p in ?24? months (10% of 72p) giving a return of 12.6% upside: - more cash collected in 2 months, - above calc using the low part of the range (72-78) - Improved allocation on tender (if some shareholder not allocating) - tender/cancellation accretive to NAV, i believe not factored in - Positive outcome of litigation with historical potential bidder (i guess remote) downside: - Losses on the loans - Delay in collection and payment to shareholders - Increase in fixed costs - write down of non current assets (£8.4m, 5p per share) wouldnt be surprised to see some write up on this in the next few days, supporting share price.
yieldsearch
24/8/2020
11:06
Weiss owning 5.21% I believe it is a value investor
yieldsearch
07/8/2020
08:26
hTTp://www.adventurousinvestor.com/2016-three-additions-to-funds-trading-list
yieldsearch
29/7/2020
11:16
Ok noted tks
yieldsearch
29/7/2020
11:13
And they have just given themselves permission item 11 at the AGM
jbarcroftr
29/7/2020
11:06
Simon Thompson says in IC He is close to the company
jbarcroftr
29/7/2020
10:40
Share buy backs Ilkley to start soon
jbarcroftr
Chat Pages: 8  7  6  5  4  3  2  1
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