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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
  2.00 2.88% 71.50 69.00 74.00 72.50 69.50 69.50 119,545 14:03:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 11.1 0.2 0.1 794.4 118

Urban Exposure Share Discussion Threads

Showing 101 to 123 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/5/2020
09:13
https://www.investegate.co.uk/urban-exposure-plc--uex-/eqs/update-on-strategic-review-and-related-party-transaction-with-urban-exposure-philanthropy-limited/20200505070058EOQHX/ Oh dear. This is not good news. What the hell were the CEO and his wife thinking about!!? Let's hope they get on with re-paying this loan ASAP.
cjohn
26/4/2020
18:40
I do take your point regarding knowing. My own feeling is a much lesser degree of certainty should be enough to put off professionals from acting for a company. (And moreover to set off alarm bells?) A lot of these companies purported to have huge amounts of net cash on the balance sheet. Yet subsequently raised more cash from unfortunate investors. A very clear red flag. No on-the-ball professional should have facilitated such brazen trickery. A very good point about company registration/title deeds.
cjohn
26/4/2020
15:41
I don't think any of those London based professionals (and I'd include their London based non executives) knew those companies were frauds. I just don't think they knew whether they were or they weren't frauds and indeed had little way of really checking. Frankly that's just as bad. I remember having a discussion about Naibu (regularly tipped by Simon Thompson in the IC), a sports retailer with 'supposedly' over 3,000 stores. I made the point that there was no way of even checking how many, if any, stores they had. There just isn't the same centralised system of recording keeping of company registration and title deeds that we have in the West.
stemis
26/4/2020
14:49
((Stemis and others, please forgive me for going back to the subject of Chinese stocks on AIM. What bothers me increasingly about this is that neither AIM nor any of the many usually London-based professionals - NOMADS, lawyers, accountants, bankers - did anything to impede these frauds. Took their fees and turned a blind eye. I find it very hard to believe that none of them noticed that the said companies were fraudulent. I've lived abroad for many years and now habitually invest in other countries, including Japan and Singapore. I believe there is less corruption in Tokyo than in London. Much less in Singapore. I'm talking about financial corruption, not political. It really saddens me.))
cjohn
25/4/2020
11:11
stuffee "Settling the acquisition in zero coupon irredeemable bonds would not appeal to me." It wouldn't appeal to anybody! So not very likely to happen!
cjohn
25/4/2020
08:22
Thanks for your message. It's most helpful. The only thing I'd add is that the offer was made to the company - not just shareholders. They state "a proposal that has been made both to the Company and directly to a number of the Company's shareholders"
foreverfalling
24/4/2020
17:04
I admire your enthusiasm posters but I'm pretty doubtful anything will materialise. Has W, itself made any announcement and if so, could someone please direct us to it. Approaching shareholders rather than the Board in current circumstances all looks pretty amateurish to me and is NOT the way to agree any transaction. Did W receive the required consent to approach shareholders without any announcement and if not a pending mega knuckle wrap due. Does W have any recognised advisor? If so, why have they let the share price rip away by 50% without a proper announcement? Oh and does W have the dough? Settling the acquisition in zero coupon irredeemable bonds would not appeal to me. I've been in UEX since virtually the start and I fear it's not the stock anyone should hold in current markets. I'd certainly grab 73 or whatever with both hands but I doubt I will ever see it. Would welcome any further info from other posters and maybe I've missed something.
stuffee
24/4/2020
12:58
Yes and they are holding 10% on the share register so if another bid does come in then they could start a buying spree. Good luck
mcrudden
24/4/2020
12:37
Mcrudden Exactly right similar to Bry which is why I took some this morning . Delisting cancelled and bid in. Patience it will unfold I'd have thought so too, even if this approach is smoke and mirrors.
cjohn
24/4/2020
11:49
Exactly right similar to Bry which is why I took some this morning . Delisting cancelled and bid in. Patience it will unfold
mcrudden
24/4/2020
11:47
It was an undated speculative unsolicited approach (not even bid) without proof of fund, and the notice clearly state no definitive timeline on execution.The real purpose of this notice is to disclose this approach to the wider public, allowing the shareholders disclosed in paragraph 2 to trade. The timing of the 76.9 is not disclosed (17april? January? March? pre covid? post covid?) The notice is self explanatory. 4th, 5th and 7th paragraph
yieldsearch
24/4/2020
11:46
One way or another it is going to be bought As Wellesley already own 10% they can’t be dismissed
jbarcroftr
24/4/2020
11:33
Possible 77p bid? Very quiet here considering.
intheknow69
24/4/2020
11:28
Well, an interesting development today, which I think gives some support to the idea that the current share price is a bargain.
cjohn
09/4/2020
17:04
i topped up couple of days back.
paul_butcher1999
09/4/2020
17:04
"...may terminate the agreement if between exchange and completion of the Lendco SPA there is or is likely to be a material adverse change in the financial condition of Lendco (defined for these purposes as a reduction in the net asset value of Lendco as at 18 February 2020 in excess of £10 million) which results from a breach or default by a borrower under any of the loans in Lendco’s loan portfolio, or if there is a material breach of the Lendco SPA. Clearly there wont have been during those few days. They cannot get out of it.
paul_butcher1999
08/4/2020
16:00
Bought a few this morning - seems good value at these levels
jbarcroftr
07/4/2020
08:01
UEX planning to sue for damages.
stemis
06/4/2020
15:33
Stemis - it's development loans to housebuilders, isn't it? Presumably based on assumption that interest and principal will be paid. In general yes, but how much cash do they have, any debt, who have they lent to, what security etc... At 31.12.19 the NAV was 82.7p. At 18.2.20 the par value of their loan portfolio, inc KKR JV, was £116.5m, which is 73.5p. According to the circular, the buyer (HHL) "...may terminate the agreement if between exchange and completion of the Lendco SPA there is or is likely to be a material adverse change in the financial condition of Lendco (defined for these purposes as a reduction in the net asset value of Lendco as at 18 February 2020 in excess of £10 million) which results from a breach or default by a borrower under any of the loans in Lendco’s loan portfolio, or if there is a material breach of the Lendco SPA. UEX are presumably trying to claim that there hasn't !! Not sure what else there is, although they committed to providing £7.1m (4.5p) of working capital to the MBO of the management arm. Since the sale price of the two was £115.4m (72.8p) and they expected to distribute 73p, there must be enough cash apart from that to settle all the costs of sale/wind up etc.
stemis
06/4/2020
15:24
Imagine at the % rates they charge, they are pretty low down in the charge pecking order. What discount is now applicable to previous building land values 30% ?
hindsight
06/4/2020
15:14
Stemis - it's development loans to housebuilders, isn't it? Presumably based on assumption that interest and principal will be paid.
jonwig
06/4/2020
14:28
I'd feel more comfortable if I knew what their net asset value was made up of...
stemis
06/4/2020
13:04
I can't help thinking that UEX is looking like a bargain at these levels.
cjohn
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