Share Name Share Symbol Market Type Share ISIN Share Description
Utilico Emerging Markets LSE:UEM London Ordinary Share BMG931151069 ORD 10P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 220.50p 216.00p 219.75p - - - 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 20.6 17.5 7.8 28.3 468.45

Utilico Emerging Markets Share Discussion Threads

Showing 476 to 494 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
15/12/2017
13:51
UEMS is cheap-again!
davebowler
23/11/2017
16:03
@ vacendak - yup, I must have. Actually we've quite a big core holding in UEM and I tend to just let it chug along. I might contact them and ask for clarification.
jonwig
23/11/2017
14:42
@jonwig You must have missed my dripping sarcasm about Bermuda. :) I mean, seriously, where to go from there? It would have to be an even dodgier place I guess, The Seychelles, Mauritius? At least Bermuda is just on the right side of respectability, sharing a lot more info than one might think with London and Washington in exchange of access, certification and all. I wonder if one can register an investment company just for one day in the Isle of Man, then get a tax break like Lewis Hamilton did for his plane.
vacendak
22/11/2017
20:31
vacendak - their statements on taxation are beyond me. The last annual report says they pay no Bermuda tax, and both it and the recent interims talk of taxation mainly on the basis of their Brazilian holdings. They've also accrued deferred tax which seems to be CGT. So, as you say, how does the domicile have any bearing?
jonwig
22/11/2017
10:36
Factsheet: Http://www.uem.limited/files/1215/1093/6023/UEM_Factsheet_October_2017.pdf Slight underperformance compared to the benchmark, but otherwise steady as she goes. And a half-year report: Http://www.uem.limited/index.php/download_file/view/288/150/ Overall upbeat report, dividend to go up. The portfolio is slightly more concentrated at 83 holdings, down from 92. The Chinese holdings have lightened up seriously since March, UEM exited China Gas Holdings Limited (“China Gas”), which was responsible for most of the drop. Now for the strange bit at the end of the chairman's statement on page 3: "Over the last 18 months UEM has paid, or accrued for, taxes of £6.8m. Given this increasing tax charge, the Board and the Investment Managers are considering options for a possible change in UEM’s domicile." UEM is domiciled in Bermuda, like UTL. Where would they be planning to go to lower their taxes?
vacendak
16/10/2017
15:12
Most of the small drop in nav was because sterling had a particularly strong month in September, relative performance against the EM index was good. The sub shares still hugely undervalued.
riverman77
16/10/2017
14:23
Factsheet for September: Http://www.uem.limited/files/5915/0772/6895/UEM_Factsheet_September_2017.pdf Mixed results reported, but the timing of the factsheet clearly misses the recent improvements in the share price. No shift in investment policy, Brazil is still the top destination. Mention is made of issuing 4,069,725 shares for the round of conversion of the UEMS in August.
vacendak
16/10/2017
12:31
UEMS is still a bit low at 40 to buy and 37.3 to sell. It should be c.46 to buy.
davebowler
12/10/2017
12:28
At last! UEMS up over 10% with share little changed. Now 40p to buy and 38p to sell. Still too cheap, but with UEMS worth 44p, not as crazily undervaluedas it was.
kenmitch
11/10/2017
13:00
Still the same barmy UEMS price. Have never seen warrants/subscription shares so cheap. Obviously it needs the share to go higher still to get UEMS higher. Soon for that?
kenmitch
06/10/2017
12:51
UEM 228.5p to sell and yes all time high. UEMS now worth 45.5p but buy price is a bonkers far too low 36p. Seems this ludicrous undervaluation will continue simply because so few trade sub shares there are few if any buyers to correct the price. If only these could be exercised at any time! Then there would be a great arbitrage opportunity. I.e buy UEMS at 36p then exercise and pocket the 9.5p (30%) difference, and do so ad infinitum until mms wake up to current price anomaly.
kenmitch
06/10/2017
11:04
£2.30 to buy makes it an all time high I think. UEMS is still cheap.
davebowler
05/10/2017
14:44
UEMS worth 43.5p with share back to highs at 226.5p to sell.But UEMs still only 35p to buy. Last time share at this price UEMS was 38p to sell.
kenmitch
04/10/2017
19:58
Agree re sub shares. Was surprised to see buy price drop to 29p. Still only around 33p to buy today.
kenmitch
04/10/2017
09:29
The sub shares are again a bargain, having an intrinsic value of 39p.
davebowler
19/9/2017
08:05
Share now back up to 219p to sell, so UEMS worth 36p, but could be bought for just over 31p yesterday. Worth reading the fact sheet.
kenmitch
16/9/2017
10:18
August factsheet. Http://www.uem.limited/files/6515/0547/1253/UEM_Factsheet_August_2017.pdf NAV progression a bit meh, but upbeat commentary on the holdings. The UEM share price got hit on Friday due to the current excitement about Sterling I suppose.
vacendak
07/9/2017
14:57
UEM 225p to sell and UEMS worth/intrinsic vale 42p. UEMS just 35p to buy!
kenmitch
01/9/2017
08:31
Below is part of my first post on this thread on 15th Feb with reasons why UEMS looked a strong buy. One of the target prices has already been reached - the 32p sell price for 35% gain, against 5% for the share. The higher 42p target has also been hit but so far only the buy price. Very high chance that 42p will be exceeded if current bull market continues. Share now 226p to sell so UEMS worth 43p but can still be bought under 40p. Target 240p share price. Then UEMS worth 57p if exercising but probably as now lower is deciding to sell the subs. Trustee route is risky but has the advantage of need to do nothing and just wait for proceeds in accounts. Here's the first part of Feb 15th post. Hope one or two hold from 24p or so or lower:- "The subscription shares (UEMS) are now very good value AND (some probably don't realise this) sub shares can go in to ISAs. For any not familiar with sub shares and warrants,they are traded the same way as shares though you may have to sign a risk form first if never having traded them before. As with shares they can be bought and sold at any time up to expiry date of Feb 28th next year. Exercise price is 183p. So with the share at 205p to sell, UEMS are currently worth 22p. Current buy quote is 24.5p but they can be bought inside the spread at 23.25p. Yesterday they could be bought for just 21.3p. Target a 5% gain for the share price to 215p and UEMS would be worth 32p, and around 35% more than the buy price today. Target a 10% share price gain to 225p to sell and UEMS would then be worth 42p and not far off double the current price."
kenmitch
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