Share Name Share Symbol Market Type Share ISIN Share Description
Utilico Emg Sub LSE:UEMS London Ordinary Share BMG931071374 SUB SHS 0.005P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.60p +1.74% 35.00p 34.00p 36.00p 34.00p 32.00p 32.00p 33,434 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Utilico Emg Sub Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
23/2/2018
09:36
Thanks Kenmitch.
riskvsreward
19/2/2018
17:55
Yes. Trustee appointed to exercise lapsed UEMS as explained in post 30 here!
kenmitch
19/2/2018
17:50
Anyone knows if the the company will appoint a trustee to take care of unexercised subscription shares?
riskvsreward
10/1/2018
14:53
Yes, surprising spread is tighter as often it is widened a month or so before final expiry date. Share stalling again at previous peak level. Hope it will at last break through and send UEMS higher. 50p would be good!
kenmitch
10/1/2018
11:47
The spread has narrowed remarkably, from 3-4p down to 1p
vulgaris
10/1/2018
11:25
Knocked out half at this price rather than let the trustee have a go. Taking up the other half as long term investment.
hiddendepths
09/1/2018
15:43
UEMS should be trading at 49p by rights but is 41p
davebowler
02/1/2018
15:15
At 35.5 offered and 183 to pay for conversion these give a net price of 218.5 for UEM, vs 226 in the market. Even allowing that UEM has one more XD move, lopping 1.5p, before the last conversion date at the end of Feb, UEMS continues to look too cheap.
vulgaris
15/12/2017
13:51
These should be about 37p based on UEM being 220p
davebowler
21/11/2017
12:57
Yes. Definitely a trustee to service lapsed sub shares. There usually is a trustee.
kenmitch
18/11/2017
11:07
Looks like I'll be holding mine till Feb to get full value. Will there definitely be a trustee sale of subscription shares still held at expiry? Apparently there was a trustee sale of PCFS, but I never received any notification of this, so sold some and exercised the rest. In theory a trustee sale is a better option, as exercising the subscription rights is expensive, but only if it will definitely happen. UEM a bit weak lately, with widening discount. Hope this doesn't last.
cgmcgm
06/10/2017
11:07
These should be at 47p pro rata to the UEM price of £2.30 to buy.
davebowler
21/8/2017
14:07
Just bought a few (topped up) at 37.373. Surprised they haven't gone up today.
hiddendepths
16/8/2017
12:41
35p to sell at the moment
davebowler
20/7/2017
15:27
Yes. At last. 37p. Still far too cheap but can't see that changing. No idea why the MMs keep both buy and sell prices way below where they should be. The plus point is we can buy way below the price we should have to pay. The whole idea is that investors expect to pay a PREMIUM for a warrant - i.e pay extra for the time value left. Instead these days they are on offer at a big discount. We can always get full value by exercising or with luck somewhere near by letting UEMS lapse and leaving it to the trustee, so it's not a big negative. Still think fwiw that 250p share price is a very reachable target. UMES then worth 67p, but probable sell price around 60p which is still double the UEMS price since my April post. Even just 240p and worth 57p and trading around 50p will give another 30% gain from price today. vacnendak. It's far better (if bullish on share price) to continue to hold UEMS than exercise next month. Have had a look at EQN. Looks tempting but if market knows rights issue on the way that might keep lid on share price. I like to buy in the dull phase AFTER a rights issue and while all those extra shares are being digested but will keep an eye. Thanks for the heads up.
kenmitch
20/7/2017
14:15
That's more like it but its still some way off its rightful 44p price!
davebowler
18/7/2017
08:05
@kenmitch. Well, you already know I went into this one for the long run on UEM and I have not changed my mind. :) I had put some cash aside for this round, but Equiniti (EQN) is about to tap its shareholders soon... and I am happily one of them. EQN is on a roll right now and seems to be on its way to world domination, so better be part of it. So UEM might have to wait until the last call.
vacendak
17/7/2017
18:32
Not converting mine. Hoping UEM can go up around 7% to 240p by early next year. That would make UEMS worth 57p so even if still at a discount UEMS should then reach 50p.That's 40% above current 35.5p buy price. Why convert to get 7% instead of continue to hold UEMS for possible 40%?
kenmitch
14/7/2017
19:20
RNS about the reminder notice for conversion: https://uk.advfn.com/stock-market/london/utilico-emerging-markets-UEM/share-news/Utilico-Emerging-Markets-Limited-Subscription-Shar/75238684
vacendak
20/6/2017
15:23
neutronium. Sorry. Have only just seen your post and question. It's not unusual to see the sub move in opposite direction to share. Read nothing into it. Subs are traded by very few and a few buying the subs on share down day or vice verse can cause it. The thing that matters is the price against the share price. And even today with both UEM and UEMS up at 226p and 36p UEMS is worth 43p so is still too cheap.
kenmitch
19/6/2017
15:13
Charles Jillings makes the point that the conversion of these shares to ordinaries will have the effect of UEM joining the FTSE 250. Trackers will then have to buy!
davebowler
13/6/2017
07:57
@KT Good choice. I bought my UEMS about a year ago, converted a few at the latest call and intend to do so with the remainder in August. I like the nature of the holdings (mostly utilities as the name implies), personally it makes it somewhat "defensive" despite being an EM stock. The 3.1% yield is not to be sniffed at either. People who sneak into UEM ownership via UEMS have an even better effective yield after converting. It is a bit heavy on HK/China for me because I also have some Asia-Pacific exposure from elsewhere; but the rest of the geographical spread is diversified. UEM is the EM stock of choice for Foreign & Colonial Investment Trust, which is about as steady-as-it-goes as one can get when considering long-term.
vacendak
12/6/2017
18:14
Bought a few of these today. Been looking to buy into UEM for a long time, always seems to be getting away from me, but with everything that's happening at the moment I can see sterling weakening so hoping for a nice rise on foreign assets. Used to invest in warrants years ago when they used to give them away with new issues but sadly they don't seem to do it anymore. KT.
killing_time
12/6/2017
14:51
Hi Ken Yes, valid point, current price would suggest it is trading at a major discount, similar to UEM which has a NAV of 246.28 (as closing Friday) with a share price of 225. The discount swayed me in the first instance in investing in UEM directly and now constitutes my entire EM exposure (albeit I took a small punt on Brazil after the recent fall, time will tell on that one!!). It is only recently that I've looked at the subscription shares - if I am happy to invest directly with the principle fund then, as you say, it is a 'no brainer'. Incidentally I've noticed that UEMS does not mirror the main share price movements and can drop on days when the main share rises, is there a reason for this??
neutronium
09/6/2017
21:13
Neutronium. Wide spread is not a problem IF confident share price will go up. UEMS is way too cheap.Share 225p to sell so UEMS worth 42p but could be bought for just 31.5p today. So even allowing for spread UEMS is a stunning bargain. Quite a lot of UEMS buys today so some clearly realise that.
kenmitch
Chat Pages: 2  1
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