Utilico Emg Sub Share Discussion Threads

[kenmitch] 09/6/2017 22:13

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.

[neutronium] 07/6/2017 16:15

I keep looking at these - but dithering at the moment, spread doesn't help either!!

[davebowler] 10/4/2017 13:10

31.41p to buy and 28.13 to sell at the moment.

[kenmitch] 07/4/2017 10:02

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] 05/4/2017 20:48

PCFS also at big discount and SLES went to discount around 20p close to final expiry, so though UEMS exceptionally good value and look a strong buy, the discount is likely to persist.

[davebowler] 05/4/2017 13:29

UEM now 218 so this should be 35p!

[vulgaris] 16/3/2017 09:53

UEM now at 216, with a 5p rise this AM, so (dicounting dividends) UEMS now have intrinsic value of around 33p (216-183 conversion price), but are 28p to buy.

I've enough of them anyway but, on the face of it, this looks a bargain.

[luckymouse] 18/8/2016 01:52

some other subscription shares

[vulgaris] 16/8/2016 10:38

jonwig.

True---but there again one has the use of the 183p/share for the 18 months and may generate some income from that.

MMs have widened UEMS to 24-27 this AM, which is a pain; spread was less yesterday

[jonwig] 16/8/2016 09:16

Vulgaris - are you omitting the dividends which the ords pay but not the subs?

I decided to subscribe this month mainly for that reason. (Quarterly, 1.63p at present.)

[vacendak] 16/8/2016 09:06

Thanks Vulgaris

My UEMS went on the register just around August 8th, so I guess I just missed the call. I am with Equiniti. I am still planning to conver next February as stated.

Technically I could have just made a bit of money, as the share price just passed my break-even point(all cost included) yesterday. :)

[vulgaris] 15/8/2016 23:56

Vacendak,

For the Aug. 2016 conversion date Barclayshare wrote on 9/8, requiring an instruction by 24/8.

The UEMS conversion price is 183 vs. a market price of 207.25 for UEM. Thus the intrinsic value of UEMS is 24.25 vs a bid price 26.25, meaning a time value of only 2p. That looks very low given that there's still 18 months to run and the UEM NAV is 227, with a wider discount than in the past.

Or am I missing something?

[vacendak] 05/8/2016 10:34

For those who hold them, when exactly do you receive the notice asking you if you wish to subscribe for the next exercice? Is it weeks or months in advance?

For instance I have only recently bought some, and will definitely be on the register before end of August; but is it too late to receive a corporate action notice?

Just being curious, as, unless UEM shoots up by a lot, I was more or less looking into the Feb '17 exercise date anyway.

[davebowler] 03/8/2016 11:27

SUBSCRIPTION SHARES Ticker: UEMS.L

Shares in issue 42,605,893
Exercise Price 183.00p
Exercise Dates
(last business day of each)
Aug '16, Feb '17 Aug '17 and Feb '18