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UEM Utilico Emerging Markets Trust Plc

-3.00 (-1.30%)
28 May 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  -3.00 -1.30% 227.00 152,835 16:35:20
Bid Price Offer Price High Price Low Price Open Price
225.00 228.00 226.00 226.00 226.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 15.94M 5.77M 0.0292 77.40 446.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:20 UT 2,221 227.00 GBX

Utilico Emerging Markets (UEM) Latest News (1)

Utilico Emerging Markets (UEM) Discussions and Chat

Utilico Emerging Markets Forums and Chat

Date Time Title Posts
10/4/202419:18Utilico Emerging Markets 308
07/1/201510:27Interesting New Inv.Trust314

Add a New Thread

Utilico Emerging Markets (UEM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-28 15:35:20227.002,2215,041.67UT
2024-05-28 15:29:06228.0012.28O
2024-05-28 15:28:54227.062,4005,449.47O
2024-05-28 15:18:16231.001534.65O
2024-05-28 15:14:09227.406,43414,630.92O

Utilico Emerging Markets (UEM) Top Chat Posts

Top Posts
Posted at 28/5/2024 09:20 by Utilico Emerging Markets Daily Update
Utilico Emerging Markets Trust Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker UEM. The last closing price for Utilico Emerging Markets was 230p.
Utilico Emerging Markets currently has 197,770,678 shares in issue. The market capitalisation of Utilico Emerging Markets is £446,961,732.
Utilico Emerging Markets has a price to earnings ratio (PE ratio) of 77.40.
This morning UEM shares opened at 226p
Posted at 10/4/2024 19:18 by srichardson8
If you look at the small emerging market IT group they are having a dire year so far. Only the Gulf Investment Fund is an exception, continuing a very strong three years or so. But this is not a typical emerging market fund at all.
The main problem with Utilico is the widening of the discount to NAV which is so obvious from a chart comparing NAV and price (I use Trustnet). It has quite suddenly widened in the last few months and is now pretty much in line with the general deterioration in IT valuations outlined in this week-end's FT. These vehicles are just out of fashion, losing out to ETFs, UK money has been going into the USA market. I don't know what might change this, I wish I could be helpful but am concerned ITs are becominga kind of imperial relic.
Posted at 19/6/2023 11:35 by srichardson8
I thought I had better check and, yes, I was wrong. This is from the annual report
'UEM exited from PT Link Net Tbk following an offer for
the business at a premium. UEM reduced its investment
in Simpar S.A., My E.G. Services Berhad, Ocean Wilsons
Holdings Limited, Corporacion Financiera Colombiana S.A.,
China Everbright Greentech Limited, Societe Nationale des
Telecommunications du Senegal, Naver Corporation Limited
and KT Corporation, all of which fell outside the top thirty

Posted at 18/6/2023 18:31 by vacendak
Is it just me or have we just missed on the latest news/markup from Ocean Wilsons?

The latest HY23 had it at 2.3% in the portfolio in September '22.

Last mention of it was in the March factsheet:
"The majority of investments in UEM’s portfolio
posted share price increases during March. There
was one change to the top thirty holdings, following
increased investment in Shanghai International
Airport (“SHIA”), which replaced Ocean Wilsons."

Ocean Wilsons had already dropped to only 1.4% (28 in the top 30) back in the February facsheet.

This one is about the Hansa trust but it talks about Ocean Wilsons:
Posted at 26/8/2022 14:56 by vacendak
A bit dated, I only just picked it up.

Nothing new, more about Charles Jillings than UEM.
Posted at 18/8/2022 08:54 by vacendak
It is good to read that UEM is seriously underweight in China compared to the MSCI Emerging Market index: 15.9% vs 32.0%.

The only Chinese position in the Top 10 is now a fund of "unlisted", we used to have China Everbright Greentech Ltd at number 9 back in January. Maybe I am reading too much into this but the geo split in January was 17.8% (and top investment) in China and latest factsheet shows 15.5% (second from top). So, it seems Jillings could be getting slightly colder feet about the ChiComs.
Posted at 03/5/2022 11:27 by contact2fsnetcouk

Thank you.

I've held both, for the income, since about 2013 and showing slight current capital gain in both despite BRFI being up and down over the time. Yield is over 4% in both and am happy with the quarterly payment from UEM.
Posted at 28/4/2022 17:59 by vacendak
If UEM is safe-ish EM by focusing on utilities, BRFI is nitroglycerin, well the "F" is indeed "frontier". :)

Trying to avoid China because my Witan Pacific holdings turned into 100% China with BGCG and... "not doing well" at the moment is an understatement.

ATR, I may have a look, thanks, China at 10% now, I could do with that.
MMIT and ATR looks similar, ATR is bigger though.

Anyway, thanks for the suggestions, I now have some ARs and factsheets to peruse.
Posted at 28/4/2022 17:40 by jfinvestments
I think JMG is a great trust at a near 10% discount last time I looked. Market cap is huge and has performed historically. It is 22% China though, but at a good price.Otherwise, ATR. Reduced Asia recently. 6% discount to Nav or so at the minute. Took a hit as it is about 40% tech. Neither pay the dividend of UEM. BRFI is another option with more dividend, but I think it's a little over priced as we possibly head into a recession.
Posted at 28/4/2022 15:58 by vacendak
Trying to pick the brains of people owning or following UEM.

UEM is my only exposure to EM at the moment, barring some meagre percentages from my global ITs.

I would be looking for "ex-China" or "not much China". Playing around on the AIC website, I am looking into BEMO and BRLA. They were also mentioned on a Kepler article on "value" recently.

BEMO (Barings Europe/Middle-East Africa)
BRLA (Blackrock Lat-Am)

BEMO got seriously burnt recently thanks to having been heavy Russia, potentially creating an entry point.
BRLA gets trounced by UEM over 10Y but has perked up recently.

Any thought? Or anything else I may have missed?
Posted at 21/6/2021 15:16 by speedsgh
Annual Financial Report -

Highlights of results

· Dividends per share totalled 7.775p for the year, an increase of 2.6%. Dividends were fully covered by earnings
· Revenue earnings per share ("EPS") of 8.13p, an increase of 3.2% from the prior year
· Total revenue income of £22.8m, a decrease of 5.1% from the prior year
· Net asset value ("NAV") total return per share of 30.2%* (2020: -24.9%*)
· NAV per share of 228.54p* per share, up 25.7%
· Gross assets of £556.1m, an increase of 20.5%

John Rennocks, Chairman of UEM said: "We are pleased to announce UEM turned in a strong performance and importantly delivered a NAV total return of 30.2% for the year to 31 March 2021, outperforming the MSCI Emerging Markets Utilities Index which was only up by 17.2% during the twelve months. It is also pleasing to report UEM's revenue earnings per share increased by 3.2%, given the challenges faced by investee businesses and their need to preserve cash flow, especially in the first six months to 30 September 2020. UEM has now declared four quarterly dividends totalling 7.775p per share, a 2.6% increase over the previous year and the fourth quarterly dividend of 2.00p represents an uplift of 3.9% on the prior quarterly dividend. Dividend income recovered strongly in the second half of the year and dividends remain fully covered by income. The Board remains confident this quarterly rate will be maintained for the next financial year.

"Responsible investing has long been a core component to UEM's investment process and continues to be a focus for UEM. UEM's Investment Managers continue to strengthen their ESG approach to investing and ICM has recently become a signatory to the United Nations Principles for Responsible Investment.

"Despite the impact of COVID-19 on UEM's portfolio, it is worth noting that no UEM investee company has needed or is expected to require significant restructuring or refinancing. The strategic nature and business model strength of UEM's portfolio has been excellent, with most of the businesses having proved resilient. Coupled with strong government and central bank support the Board does not today see a significant risk from COVID-19 outside of market volatility in valuations."

Charles Jillings, Investment Manager of UEM added: "COVID-19 has caused unprecedented challenges for investors. ICM is strongly of the view that due to COVID-19, the shift to working from home and eCommerce has accelerated the digitalisation of governments, businesses and individuals, and this shift will offer new investment opportunities.

"UEM's gross assets (less liabilities excluding loans) increased sharply to £556.1m as at 31 March 2021 from £461.4m as at 31 March 2020. There have been eight new entries into the top twenty holdings of the portfolio over the year, as well as small sector shifts. On a geographic basis, South Korea has increased through investment and performance rising from 1.7% to 6.5% and Brazil saw the biggest reduction from 29.1% to 18.0%.

"UEM's portfolio consists of a diverse range of companies that are often under-represented in the MSCI. The strength of our sector and country knowledge built up over decades has given us an ability to continue to identify these investments, in spite of COVID-19 and global lockdowns. Despite unprecedented challenges due to COVID-19, UEM's investment objective to provide positive long-term absolute returns has not changed, and we remain optimistic to uncover compelling investments that offer excellent returns."
Utilico Emerging Markets share price data is direct from the London Stock Exchange

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