Share Name Share Symbol Market Type Share ISIN Share Description
Utilico Emerging Markets Trust Plc LSE:UEM London Ordinary Share GB00BD45S967 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 222.00 222.00 223.00 222.00 222.00 222.00 90,807 10:53:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 21.4 18.2 7.5 29.7 506

Utilico Emerging Markets Share Discussion Threads

Showing 401 to 422 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
25/6/2017
19:30
Something I got from the ICM website after receiving an email notification. This is just the scan of an article about UEM deciding to remain invested in Brazil and ignore the problems of the Brazilian president. Http://www.icm.limited/uploads/news/2017.06.19_Investment_Adviser.pdf
vacendak
21/6/2017
15:35
Trustee route is risky. But for the most recent two, SLES and VNHW it was MUCH better than selling in market ahead of expiry. Trustee got almost 3 times the VNHW sell price ahead of expiry- $0.146 against $0.05 sell price. And they exercised at $2.15 so their expenses low. AND trustee worked as well as exercising, and exercising except for the rich was too expensive anyway. Also good point from davebowler. Great if that gives UEM further lift!
kenmitch
21/6/2017
11:52
Thanks kenmitch - I have no intention of converting them early! It's just that time is running short on the subs. Interesting about VNHW - I had missed that and assumed that the trustees always get a bad deal! I don't think I'd risk it though. I'll just keep the UEM long term as I really like the concept.
hiddendepths
20/6/2017
15:13
hidden depths. Best not to convert them yet. UEMS will continue to go up much faster than the share. You'll lose that faster upside. E.g.possibly another 100% gain for UEMS if a measly 10% share price gain! e.g UEM 225p just now and UEMS 34p. If share can get to 250p (up another 10%)by next Feb UEMS then worth 67p (100% higher than now). Then you can best decide whether then to convert or just sell UEMS in the market ahead of expiry if price near to 67p, and if not then let them lapse and hope trustee gets a good price. The trustee worked very well forVNHW recently.
kenmitch
19/6/2017
13:58
Good Point Dave.
getscenic
19/6/2017
13:05
Charles Jillings makes the point that the increased capitalisation following the UEMS swap will be enough to to put UEM into the FTSE 250. THIS WILL HAVE THE EFFECT OF INCREASING DEMAND FROM TRACKERS.
davebowler
19/6/2017
09:08
The annual report reads well indeed, the beginning is upbeat anyway, I will get to read the rest tonight. Http://www.investegate.co.uk/utilico-emerging--uem-/rns/annual-financial-report/201706190700033709I/
vacendak
19/6/2017
09:00
Very happy with this holding! I have the UEMS with every intention of paying up to convert them shortly.
hiddendepths
23/5/2017
15:08
UEM gentle rise continuing. Now 223p to sell and up from 195p at start of year. Share had been in an uptrend all year. UEMS still lagging. UEMS is worth 40p (exercise price is 183p) and despite 15% gain today can still be bought for just 32p. Most of the UEMS trades today are sells. Unless thinking the share is not going up any further the sells make no sense, as UEMS remains such a bargain. With options/warrants/sub shares, investors expect to pay a premium (for the time value left) and not to be offered UEMS at a big discount. Prices targets already covered in post 87. Another 10% or so on the share price to 250p looks reachable if bull market continues and as shown above UEMS should just about double from current 32p if it gets there.
kenmitch
27/4/2017
13:32
@contact Further points on top of those from vacendak. 1. Don't buy only enough UEMS you can afford to exercise IF you think the share is going higher. Buy more and then just sell the UEMS you don't want to exercise ahead of expiry date. Or (as explained) let the ones you can't afford to exercise lapse and hope the trustee gets a better price than available ahead of expiry in the market. 2. Also if exercising but not then wanting to hold the shares, sell the share straight away at the market price next March and pocket the difference between the share price then (250p with a fair wind) and the 183p exercise price. 3.. Be clear that the current sub share price is way too low. It should be at least 34p. UEMS negatives? A bear market ahead and Emerging Markets taking a hit. Then just cut the loss on UEMS. But it is easier selling on an up day for the share. Can be difficult to sell a sub share at a decent price well inside the spread on a down day. fwiw I reckon high chance of share price gains continuing, and perhaps a bit more than 10%. Then UEMS would be worth 67p with share at 250p, but if discount continues and widens further best to assume UEMS around 60p with share at 250p, if selling in the market and not exercising.
kenmitch
27/4/2017
11:14
@contact Having converted some of my UEMS at the latest call, I can say: Your total cost per share at subscription/conversion will be: 28p (cost of your warrant) + dealing charges to buy the warrants + 183p (conversion cost). In essence the company pays the cost of the conversion, so you pony-up only 183p per share. An extra added bonus is that you pay your dealing charges, stamp duty, etc. only on the UEMS, which is technically cheaper than buying UEM, as they represent a % of the deal. Sure, it may not be much, but every penny counts. :)
vacendak
27/4/2017
10:57
Ken, Thank you for the explanation. If I buy UEMS at say 28p and exercise them on maturity, will I have to pay 1.80 in which case the share have cost me £2.08 or, will I pay £1.52 (exercise price less 28p) Thank you
contact2fsnetcouk
26/4/2017
18:45
contact. Yes it DOES matter when you buy UEMS IF the share price rises between now and expiry next Feb. Buy UEMS now at 28p with share at 217p OR buy later when share is with luck around 250p. THEN If buying UEMS you'll have to pay around 60p. i.e UEMS will have doubled and you will not only be paying double current UEMS buy price if waiting but will also have missed the chance to SELL your UEMS for a double too! Remember you don't have to exercise UEMS. You can buy and sell UEMS at any time just as you can with shares. And you can also exercise some and sell the rest of your UEMS. And you also have the option of letting UEMS lapse. I.e don't sell them when they expire as a trustee is appointed to exercise any UEMS allowed to lapse and the proceeds are then sent to your account with no dealing costs within a week or two. There are risks leaving it to the trustee. UEMS are still fantastic value at 28p and well worth buying IF confident the share price is going to rise. One reason they are so cheap is because very few understand Warrants and sub shares and so few trade them. With the share at 217p UEMS are worth 34p so 28p is a barmy too low price.
kenmitch
26/4/2017
12:15
Ken, You mention - If UEM can go up a boring 10-15% or so over the next year, then UEMS is likely to go up 80%- to a bit over 100%. Hence my view that it is unwise exercising except at expiry time. In my simple mind, surely providing the UEM price is rising, it does not matter when you buy the UEMS because you are paying £1.83 to exercise? thank you
contact2fsnetcouk
07/4/2017
15:13
Posted this on UEMS thread earlier today, but as even fewer posts there (just 12 since August!) it might get seen by and be of interest to a couple of people here. UEM again at 218p to sell and worth 35p but can be bought for just 28.25p. The only trades so far today are one tiny sell and another 4000 or so at 25.5p. Why sell when such incredible value unless thinking the share is heading down. UEMS is likely to continue to trade at a discount, and it could even widen a bit too. But it's amazing so few investors are aware of this bargain. Target just 5% more on the share price to 230p and UEMS will be worth 48p. OK the discount could get even wider, at share 230p UEMS should be at least 40p to sell. i.e not far off 50% gain compared with 5% for the share. As long as this isn't the peak for UEM, UEMS looks a no brainer. EDIT. £1000 UEMS stake - profit around £500 for 5% share price rise any time between now and next Feb. £10000 share stake. - profit around £500 for 5% share price rise. Same profit. £9500 less staked. Share goes down 5%.... loss on UEMS ( if not selling out long before share falls that much) would be around half the stake, i.,e £500., Loss on £10000 share stake would also be £500. If wanting to hold the share long term, then just exercise UEMS at expiry for no dealing or other costs. i.e if holding, say 3500 UEMS, then exercise by using UEMS to buy 3500 UEM at 183p a share.
kenmitch
15/3/2017
19:14
mustardmark. 1. Good online brokers all allow on line trades on warrants and sub shares. And PCFS is easy to trade online and usually well inside the spread too. My PCFS buys have all been so far inside the spread that they have been recorded as sells. PCFS is more liquid than UEMS. But UEMS is ok too, albeit on a wider spread, but again often able to buy and sell UEMS too well inside the spread. 2. Good luck with your UEMS stake if/when you buy. Can't go far wrong with £500 and if the share does drop it shouldn't be difficult to sell. BUT if looking to sell it is best to do so on an up day,as the price tends to be better then. Again depends on how good the broker is, but when sometimes it is difficult to buy or sell in size, then a "fill or kill" order usually works. I've rarely had any difficulty selling warrants, and certainly not for small stakes like yours. 3. Your stake might "only" be £500 but that gives roughly the same upside as £5000 in the share over the next year. So the sub is a no brainer IF thinking the share price rise is likely to continue. 4. Most newcomers to warrants and subs think they are highly volatile, very risky and risk of sudden wipe out. Have a look at the charts for both UEMS and PCFS and see that is just not the case. At times warrant and sub prices move very little for weeks.
kenmitch
15/3/2017
08:40
Thanks Ken - whilst Fidelity don't offer the facility, Share do. Interesting that online I can buy UEMS but PCFS is not available. I think I would be inclined to go with UEMS at any rate due to the longer expiry and having researched/invested directly in the fund - just waiting on news on another holding which should be released in the next week and then I'll take the plunge, albeit a very small £500 punt. A small stake I know but this is a new investment channel for me and I also have reservations on liquidity etc. Wish me luck :)
mustardmark
14/3/2017
13:08
Yes re UEMS. Also note that at last PCFS is moving up. PCFT (Polar Capital Finance Investment Trust) share is up just under 1% to 135p to sell, making PCFS worth 20p. PCFS is up 13% at just under 16p to buy (against just 13.6p to buy just yesterday) and is now around 14.5p to sell.
kenmitch
14/3/2017
12:18
UEMS seems to be a cheap way into this at (26p to buy +183p subscription price =) 209p compared to 216p here.Heavy gearing though and no dividend of course.
davebowler
13/3/2017
12:47
badday. Yes. Very frustrating. Good reasons so few left, but won't explain why now. THE year to invest in them was 1993 when all but 2 of several hundred warrants ended the year UP, with average gain for all warrants 223%, with 70% at least doubling and only 2 ending the year down! No wonder I love/d warrants. mustardmark. What a shame you've only found out about them now. Over the years many long dated warrants in the money were low risk even though investors did (and you will probably have to too) have to sign a risk form that makes them sound very high risk before being allowed to trade them. The 2 best sub shares (sub shares are identical to warrants, except that if called a warrant it cannot go in to an ISA but if called a sub share it can!) are PCFS and UEMS. Neither are low risk simply because we are close to expiry date.. July 31st for PCFS and Feb next year for UEMS. And if a bear market soon, and if both PCFT and UEM falling and staying below their exercise prices then both could expire worthless. BUT remember we can buy and sell them at any time up to expiry date so no need to wait for that total loss. And you are not wiped out if the share price falls below the exercise price and then recovers again. And anyway £1000 staked in UEMS and the share crashes 20% fast could mean a loss of around 80% and £800. BUT if staking £5000 in the share the loss is £1000 so no more risky on that basis than the share. Right now imo PCFS has the edge over UEMS. We know higher interest rates are likely and are good for banks margins, and also the main PCFT holdings are on a very good run. Higher interest rates could be negative for UEM. And right now PCFT share price is UP to 134p to sell, making PCFS (exercise price 115p) worth 19p. Yet it can still be bought for a crazily too cheap 13.6p. it's a shame PCFS can't be exercised at any time as then there would be a great arbgitrage opportunity. In the past (e.g with 3i warrants) it was possible to arbitrage time and time again when market makers mis priced them as they are mis pricing both UEMS and PCFS right now. I hold both btw and have all I want. First bought PCFS years ago and though cutting some of the loss, held on to the rest all the way down to 1p to sell. Then started buying again at 2p and now that stake up to nearly 13p. So now well in profit again. Another plus for long dated warrants.. they can recover from huge % losses.
kenmitch
13/3/2017
10:15
Again, thank you for the posts above - I don't mind admitting that I have never explored warrants/subs - always presumed highly risky in a similar vein to CFD's which again I avoid like the plague. My platform is Fidelity which, after trawling through the weekend I don't believe offers the ability to invest directly in subs, I've checked out Hargreaves and they apparently do - I'll give Fidelity a call to see if it is a service they offer but not generally advertised. Thanks again Ken/badday ;)
mustardmark
12/3/2017
18:30
Vacendak, Ken, thanks for the excellent responses. Ken, having built up such a great and profitable understanding of subshares and warrants it must be frustrating for you that they've declined ( in terms of availability) so much in the last few years.
badday
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
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