Utilico Emerging Markets Share Discussion Threads

[samg99] 02/3/2006 21:51

Strengthened on Level 2 today (5 bid 1 offer at close), so there's a chance of it rising tomorrow after a few days' pause. We'll see!

[purse] 02/3/2006 21:25

Interesting announcement on issuing of new "C" clas shares. I await the details as so far this is doing very nicely, I'm in from the start (almost)

[praipus] 17/2/2006 20:45

There are Tax advantages to AIM stocks (which I do not understand) but believe larger investors can take advantage. It is possible that investors requested Utilico to form the Emerging markets PLC with AIM in mind.

From a market cap perspective I'm sure they wouldnt have a problem there would be additional cost from a regulatory and mangement cost side though.

Good news for us if they did however I think Utilico has always been great over the long term and seemingly dull over the short term.....its actually the best way to invest but it takes supreme self control, patience, conviction and the ability to ignore the fashionable go-kart/speculative/media sensitive offerings.

[oxford blue] 17/2/2006 17:43

Pri: thanks, I've noted that - but, in time, might UEM enter the main market?

[praipus] 17/2/2006 17:24

Oxford blue,

You can get exposure to these via an ISA in the form of UIL which owns 30% of these and is in fact managed by the same people.

[oxford blue] 17/2/2006 00:54

Thanks, Purse.

I like this IT; is there any chance of it enterng the main market and becoming ISA-worthy?

[purse] 16/2/2006 16:18

Oxford Blue

According to the latest NAV figures as of 15/02, we are trading at a premium to NAV of around 8-10%.

RNS is a news announcement, I mistakenly thought the info posted by Praipus Post 61, was one. I hadn't realised it came from their web site.

[oxford blue] 16/2/2006 15:31

Purse: when you say the market likes them, are you referring to premium (which when I last looked was only 0.5%).

Also: what do you mean re RNS?

[purse] 16/2/2006 14:58

The market still likes them up yet again.
The RNS shown above is very encouraging, given the spread of investments.

[praipus] 07/2/2006 18:01

from UEM's website

Monthly Comment - 31 January 2006
PERFORMANCE

January was a strong month for UEM, with the NAV per ordinary share undiluted (cum income) rising 7.6% to 115.55p, despite significant weakness in US dollar linked currencies. This compares favourably with the MSCI EMF (GBP adjusted) index which increased by 6.9% during January.

PORTFOLIO

Once again, the main contributors to the positive performance came from Brazil, with CCR up a further £2.3m, Ocean Wilsons up £1.3m, TIM Participacoes up £1.1m and SABESP up £0.8m. ASUR was our only significant decliner, down £0.6m.

During the month we received funds from the takeover of China Resources Peoples Telephone and reduced our holding in Zhejiang Expressway. Purchases included Datang International Power Convertible Notes, which replaced Zhejiang in the top 10 and a number of investments in Thailand, following a positive visit to the country. Net investments during the month were £1.4m and the fund is now fully invested.

OTHER

The ordinary share price increased by 6.6% to 113.5p during the month, a small premium to the diluted NAV of 112.96p. The warrants increased by 6p to 41p.

Inline with the proposals set out at the time of UEM's floatation, we are looking to establish a £25 million bank facility, which we expect to draw down and invest.

[praipus] 07/2/2006 16:34

Warrants UEMW following faithfully

[purse] 07/2/2006 16:26

And still it rises.
It'll be interesting what the next NAV is.
Good buy after the bell.

[krishall] 02/2/2006 11:17

presume todys rise is due to antication of next NAV press release

[purse] 02/2/2006 09:09

Price is going up like a rocket, wish I'd bought more just after the launch.

[krishall] 27/1/2006 18:23

Nice NAV increase. As I've mentioned before - if it was a IT with an associated monthly savings plan then I'd be conributing lots ......

[praipus] 27/1/2006 14:52

Warrants up too. I think on ports activity.

[purse] 27/1/2006 14:23

Well it might be good for the directors, but it's not harming the price. Up again today.

[krishall] 18/1/2006 18:40

Silver lining seems to be for the Directors... Guess that's why it was convenient to be a 'normal' share on AIM. There's talk of having a sector on AIM for stocks that are equivalent to Investment Trusts - but obviously it won't affect there companies normal AIM rules.

[praipus] 18/1/2006 17:01

Any views on the following RNS?

As a shareholder I do not like having my holding diluted. If there is a silver lining please let me know.


Issue of Equity

RNS Number:1301X
Utilico Emerging Mkts Utilities Ltd
18 January 2006

UTILICO EMERGING MARKET UTILITIES LIMITED ("the Company")



18 January 2006



Directors' dealings



The Company announces that, on 17 January 2006, the following ordinary shares of
10p each in the Company ("Shares") were allotted to Directors in satisfaction of
their remuneration for the quarter end ended 31 December 2005, in accordance
with their fee entitlements as detailed in the Company's Admission Document
dated 14 July 2005:


Director Fee shares allotted Resultant shareholding %
A Zagoreos 5,770 111,825 0.15
J M Collier 4,039 58,278 0.08
C Jillings 4,039 108,278 0.14
G Milne 4,039 208,278 0.28
K O'Connor 4,039 83,278 0.11



Application has therefore been made for the admission to trading on AIM of
21,926 Shares ("Admission"). Upon Admission these Shares will rank pari passu
with the Company's existing issued ordinary shares and dealings are expected to
commence on 23 January 2006. Application has also been made for listing on the
Bermuda Stock Exchange.



Following Admission the Company will have 75,067,176 Shares and 15,004,447
Warrants to subscribe for Shares in issue.



END


This information is provided by RNS
The company news service from the London Stock Exchange
END

IOEILFLRLDITLIR

[purse] 16/1/2006 20:40

Unless it opens up dramatically in the morning, I assume it must be an error.
But it is timed at 15:35 which was after the last rise, so it must be a buy.

[krishall] 16/1/2006 20:36

I presume the after hours trade today of 250,000 shares at 208.5p is a mistake and will be corrected later... !!!

[krishall] 14/1/2006 04:58

Praipus... Agreed... this is definitely a stock to accumulate. It has the advantage of the upside of 'emerging markets' whilst negating the downside to some extent by being geographically very diverse. Plus it's in a growth sector - 'Utilities'. Only wish is that they hasd a monthly savings scheme with this one.