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 Shares Traded Last Trade
  2.00 3.05% 67.50 27,144,470 09:00:07
Bid Price Offer Price High Price Low Price Open Price
65.00 70.00 67.50 67.00 67.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 11.07 0.17 0.09 750.0 111
Last Trade Time Trade Type Trade Size Trade Price Currency
16:54:20 O 562,752 68.637 GBX

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Date Time Title Posts
01/10/202009:55Urban Exposure41
29/6/202008:23Bridge, Senior and Stretch-Senior Debt for real estate development projects134

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Urban Exposure Daily Update: Urban Exposure Plc is listed in the Real Estate sector of the London Stock Exchange with ticker UEX. The last closing price for Urban Exposure was 65.50p.
Urban Exposure Plc has a 4 week average price of 59.50p and a 12 week average price of 56p.
The 1 year high share price is 72p while the 1 year low share price is currently 29.50p.
There are currently 165,000,000 shares in issue and the average daily traded volume is 717,601 shares. The market capitalisation of Urban Exposure Plc is £111,375,000.
yieldsearch: 27p per shares, or 41% of the current share price (66p)
yieldsearch: 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.
boystown: Tipped in the IC by Simon Thompson who concludes: "...the maximum cash return could be 50 per cent above the current share price. NAV-accretive share buy-backs are a likely catalyst to drive up the share price, too. Value buy."
cjohn: hedge fund harry 19 Jun '20 - 09:52 - 119 of 131 What's not to like? The shares at 55p to buy are a gift and with tender offers every 3 months you may be able to exit your entire position by September. I think you're assuming that the tender offers are at NAV. My guess is that they'll be at a level between the prevailing share price and NAV: ie a bit above market price. This'll allow the offers to increase NAV per share of the Company post-tender.
yieldsearch: If the share price is weakening further , it is just an opportunity to add. The recent notice provided the nav, an estimated range of proceeds and estimated timeframe. Not clear to me what else need to be provided. In term of timing, i would expect the borrowers on the loans have been informed of the plan to liquidate the company. Clearly urban exposure has to support them to ensure that the loan is repaid. but would expect a number of borrowers to refinance their loan here away from urban exposure, as they have really no incentive to keep the relationship and make more sense for such borrower to move their business to a lender still lending. So we may receive some bulky payment relatively soon, well subject to those borrowers being able to refinance away.
yieldsearch: 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.
stuffee: 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.
cjohn: Well, an interesting development today, which I think gives some support to the idea that the current share price is a bargain.
jonwig: It's possible he's right, as they have the earnings reserve to pay the proposed dividend of 5p. But ongoing earnings are surely unlikely to cover it, given the H1 loss. Any company with £47m net cash in the bank can go on paying so-called dividends for years. This may be a great bargain, as he says, but that suggests the "market" has been wrong in halving the share price and refusing it a retail bond issue.
amarka: The Company does not believe it will have an impact. Share price down 5%. Company showboating and end of year financials don't add up. Something is wrong and the share price plunge reflects this. A lot of good talk, but no end product.
Urban Exposure share price data is direct from the London Stock Exchange
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