Buy
Sell
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 126 to 149 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
19/6/2020
07:21
Change in management, and liquidation
yieldsearch
17/6/2020
15:52
Thanks Yieldsearch as the price moves up today in a drab market
solarno lopez
17/6/2020
12:51
Solarno The loans are short term and should be repaid or realised within 1-2 years max if there are no buyers for the whole portfolio. Clearly one has to factor in potential residential price reduction. The company stated that they have stopped lending and assuming that the management is not finding another way to f the shareholders ( it is a BIG assumption..), eventually the company will have an amount of cash that can be distributed to shareholder. that a medium term scenario. upside would be that an activist is shaking the whole thing and clean it faster. then looking at the share price vs nav, urban exposure has i believe the largest discount. RECI rallied with clear disclosure from management. PSSL likely liquidation. LBOW, HONY reduced discount. any share price activity is news driven here.
yieldsearch
17/6/2020
07:15
all but forgotten
solarno lopez
12/6/2020
13:11
Positive rebound
solarno lopez
09/6/2020
07:14
Not necessarily as money talks !
solarno lopez
08/6/2020
11:27
Seems that some rns are not available through advfn. recently Invesco reduced exposure and Oryx increased by my calculation (please correct if wrong) Tchenguyz have 12.6% Wellesley have 13.2% Metage Capital 5.8% Invesco left with 9.8%. how long will it take to get this down to zero? so you still need a few "sleepy" instit like invesco to sell down, to allow the activists to trigger changes.
yieldsearch
08/6/2020
11:12
sorry wrong thread
solarno lopez
08/6/2020
10:32
Hi Vat lets hope we get the offer
solarno lopez
08/6/2020
10:18
Thank you Sol The fundamentals appear to be good and with three large investors buying in I have also added to my holding
vatacarma
08/6/2020
09:02
Well at least its up thrupence
solarno lopez
08/6/2020
08:16
A bit of a follow through but who can blame investors after being let down previously and suspect loans to directors as I keep adding
solarno lopez
08/6/2020
07:37
A bit of tickle today following the Mail on Sunday suggestion of a tender offer at 55/65p nice if we can get it and why not with three big names having hoovered up stock in large quantities including the master of tender offers Chris Mills !
solarno lopez
12/5/2020
07:40
They wont repay sadly
solarno lopez
07/5/2020
20:11
hxxps://news.sky.com/story/urban-exposure-banker-is-trustee-of-charity-handed-16312m-loan-11984940 Also he is a director of the ue charity. how can jefferies head of compliance signed off this? advising a client, director of a company set up by the client and trustee of recipient of funds? We just need people managing the loan portfiolio ie our nav. Senior management shud repay the charity loan and just leave.
yieldsearch
06/5/2020
12:16
"The lack of corporate governance and the disgraceful action by directors awarding themselves a loan is well highlighted in todays TIMES." Let's hope it's a lesson they take to heart. There's been clear value here post the falling through of the Honeycomb deal, but the corporate governance is going to make any potential shareholder pause. Only one independent director raised the alarm. What were the others doing? What was the Chairman doing? "The sooner UEX sells its portfolio and self liquidates the better." Hear, hear to that.
cjohn
06/5/2020
09:30
SL, I agree The Times has delivered a well deserved kick. I do hope there are no more unsavoury transactions between the 2% shareholders and the company, I fear where there's smoke there may be... As others have mentioned our dear friend ST really knows how to pick them. I think he likes selecting small companies on very low ratings without researching the reason investors have failed to deliver a decent rating. I've suffered from some of his recommendations - the classic being Constellation Healthcare, which was bought in by management, at what appeared to be a discounted price, and subsequently proved to be a complete fraud. To really cheer up former shareholders, the Liquidator is now proceeding to recover all the bid proceeds from the former shareholders, which is possible under US legislation; I've ignored the various writs and demands. The sooner UEX sells its portfolio and self liquidates the better.
stuffee
06/5/2020
08:38
The lack of corporate governance and the disgraceful action by directors awarding themselves a loan is well highlighted in todays TIMES
solarno lopez
05/5/2020
19:10
wind up opportunity: yes potential, but not as easy as a property company: 1) Ongoing operating cost are way too high. If the management can make a number of poor decisions, may be it is time to reduce their remuneration 2) the loans are development loans. anything and everything can happen in a normal situation, with developer going bust, contractors going bust, delay in construction, delay in delivery of material, delay or haircut in sales of finished products. how is the current situation impacting the loans? I guess some of the sites must have stopped due to the lockdown. 3) all the loans were done/priced before the virus. fair to say that all debt markets repriced, so any refinancing of these loans will be at a rate higher. dont expect many prepayment and probably wait more time to realise the loans. 4) all the loans were done in a relatively healthy economy, with booming resi market, local and international demand. All these people were keen to buy resi units. are they going to buy now? no they cannot even visit the properties. they may do in few weeks but i am not sure that the first thing people will want to do. are they going to pay the price that was anticipated before this virus? clearly not I wouldn't.. and they will have more difficulties getting a mortgage themselves.
yieldsearch
05/5/2020
14:58
The loan is personal enrichment ! How come, well you borrow cash from your company to give to a charity and then the hoi polloi fawn over you it gets your name in the paper. Perhaps they thought they would be ennobled or similar ..it happens !
solarno lopez
05/5/2020
14:38
Margin of safety as the saying goes I doubt they will lose on their loan book - just roll it on- there will be great political pressure to get the house builders back on site and building Their loans seemed to be last in first out
jbarcroftr
05/5/2020
12:42
I suppose on the flip side, it's less than 1% of assets, with little impact on results, there's no personal gain by the CEO, it's simply a badly executed charitable 'donation' (wrt the interest foregone) and there's an implication that the board were aware. Clearly these guys haven't come to terms with UEX being a plc and not a private company and the level of governance is inadequate. The days of UEX being a listed company seem numbered. I do kind of feel there is value to be had here (although I don't hold) as a wind up opportunity. Unaudited tNAV at 31.12.19 was 83.9p a share and the company pretty much broke even in 2019. It may make a loss in 2020 if they wind down the balance sheet without commensurate cost savings but gross costs in 2019 were only 5.5p a share so it shouldn't be material impact. There's a possibly of loan write downs but the difference between 83.9p and 40p gives a lot of headway...
stemis
05/5/2020
12:20
Lets see what the FCA have to say about the loan
solarno lopez
05/5/2020
10:25
Nobody who's worked in business can believe this loan was justified. " The Company is not currently expecting to take any immediate action to remedy this matter." This line from the RNS is very disappointing. Sandhu and his wife have "informally agreed" to underwrite the loan. So they should get on with re-paying it. And next time, a charity interests them, they should use their OWN money to make a donation.
cjohn
Chat Pages: 8  7  6  5  4  3  2  1
ADVFN Advertorial
Your Recent History
LSE
UEX
Urban Expo..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201125 00:20:56