Share Name Share Symbol Market Type Share ISIN Share Description
Utilico Investment Trust LSE:UIL London Ordinary Share GB00B00KTN51 ORD 1.5625P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 305.25p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.0 1.0 0.9 343.0 0.00

Utilico Investment Trust Share Discussion Threads

Showing 51 to 74 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
17/5/2004
18:23
The epics are: UILB(Zeros) & UILP(cnv loan stock)
mangal
17/5/2004
18:14
Anyone got Epics for the new zeros and cumulative loan stock?
linhur
18/4/2004
15:33
Linhur, Thanks for the reply, very helpful
emptage
13/4/2004
20:42
Emptage Utilico have announced an open offer of £20 mill issue of 3.75% convertible loan stock (CULS) on the basis of shareholder entitlement of 1 for 5. So if you have 10,000 shares you will be offered 2000 CULS at £1 ( 50p payable now and 50p on 1 november 2004. The CULS are convertible into Ord shares on the basis of 75 Ord shares for every £100 of CULS at a price of 133.33p per share (10% premium to current NAV) every October from 2006 to October 2009 and in every April from 2007 to 2009. Final redemption of CULS for those not converted will be at 100p on 30 November 2009. It is expected their will be further issues of CULS in the future. Utilico have also simultaneously had a bonus issue of zero dividend preference shares of £1 on the basis of an entitlement of 9 for 20. In the above example you would be offered 4500 Zeros. The zeros are expected to grow at 7% reaching 177.52p on 31 October 2012. You can sell zeros on the basis of 10 for 45 at 100p firm.This will mean using the above example a sale of 1000 shares at a £1 which neatly offsets the price to be paid on the first instalment of the CULS. This is the default position if the current shareholder does nothing. You can sell all your entitlement to the zeros for £1 provided there are shareholders who do not want to sell their zeros. In other words a matching option. The life of the Company is extended from 2008 to 31 October 2012. So an ordinary shareholder who now has 10,000 shares will on completion of proposals have 6400 New ord shares and 4500 Zeros. Warrants will be amended so that each warrant will purchase 0.64 New Ord and 0.45 Zero on subscription. The effect of these proposals is to increase the gearing of the Ord shares from 22% currently to 55% when the zeros and CULS have been issued. The reason is that when Utilico was proposed in June 2003 the gross assets were expected to be £122mill and debt of £37mill.On launch in August 2003 the gross assets were £133mill and debt of £34mill. Currently gross assets are £160.8mill and debt £34.7mill. so gearing has been reduced from 30% to 22%. Mr Duncan Savile and his company GPLPF are expected to continue to own over 50% of Utilico after the proposals have been completed. I shall be holding the zeros and subscribing to the CULS as I think the performance of Utilico has been exceptional so far despite the reduction in the sale proceeds for Prestwick airport. This investment trust is a very high risk prospect as nearly 48% of of the trust is in 3 holdings in Infratil (New Zealand) ERG (Australia) and East Surrey Holdings (UK). I expect the reason for the funny spread is the split of the ords between New ords and the zeros. The zeros have not been quoted yet because the AGM,s are on 5 May. kind regards linhur
linhur
08/4/2004
17:24
CAn anyone explain what has happened to the Utilico share price. It dropped by about a third yesterday. Also, what is all this talk of a rights issue
emptage
07/4/2004
19:39
mmm ?? bid price looks strange..
matthewbrooke
07/4/2004
13:19
Bit of a spread, what?
farsight
07/4/2004
13:06
I assume someone thought the rights issue and bonus offer was this month instead of May!! Last transaction was 110p. Glad I am not selling!!
linhur
07/4/2004
12:20
What the hell happened here!
the jock
12/3/2004
12:23
Chart Master what do you make of this £1.24 - £1.29 NAV and shares slipping, dividend due in April too - buying opportunity ?
praipus
29/1/2004
17:17
NAV's up again £1.26 - £1.31
praipus
27/1/2004
18:28
Trend line suggests next move up is imminent for Utilico .....
chart master
22/1/2004
18:45
NAV £1.25 - £1.30 share price lagging events ...falling in to the "well kept secret" category..strong buy IMHO
praipus
19/1/2004
22:46
Ecofin Water Income (ECW) up again, RNS says quarterly dividend maintained adding still more to the Utilico coffers ...
praipus
17/1/2004
22:04
Ecofin Water Income (ECW) now up at 6th place on an ADVFN competitor's 'Gainers for 5 days' chart .....
chart master
15/1/2004
11:09
NAV £1.23 - £1.28 still going up market price hasnt factored in forthcoming substantial increases in value yet IMHO ...strong buy
praipus
07/1/2004
16:42
NAV £1.21 - £1.26 assuming the Glasgow Airport sale, Bristol Water/Ecofin cash return are still yet to figure in this more upside on its way...strong buy IMHO.
praipus
06/1/2004
11:43
Ditto for ECOFIN...
praipus
05/1/2004
17:47
Utilico Investment Trust update portfolio, including top ten holdings, on RNS 8561T near close of today ....
chart master
29/12/2003
23:03
Encouraging analysis on ECWC. The spread is a problem, however the spread narrowed with Utilico when the volume picked up. http://www.ecofin.co.uk The March, 2003 annual report shows: Top ten holdings as: Bristol Water East Surrey (ESH, & ESHA) International Energy Group Kelda Fortum (Scandinavian electricity company) Pennon Group Cinergy (US Electricity) Endesa (Spains Largest Electricity company) Suez (French Water co.) AWG
praipus
29/12/2003
20:35
Season's greeting to you too - hope 2004 is also profitable. You asked me about a chartist's view of ECWC (Ecofin Power & Water). I know nothing about the company itself, but on the basis of price and volume action of the share, it is clear that it is only during large volume throughput that these actually move at all. Right now, we appear to be at the end of a period of consolidation before the next move upwards. It has the technically correct cup-and-handle shape, and the Bloomberg interview today about utilities, and water utilities in particular, certainly sounds interesting leading up to June 2004, so a move back upwards to the 80p region looks technically feasible. As a share, particularly as a short term pick, the spread is a little wide for my personal taste, but for Utilico on a longer term basis, it looks potentially very good. While I don't mind being asked my opinion, and I have pointed out my last cup-and-handle chart pick of Teather and Greenwood back in July 2003, I take responsibility for my own decisions only. Does Utilico have a website, and which other companies are in the portfolio??
chart master
29/12/2003
16:35
Chart Master Seasons greetings Utilico own some 26% of ECWC (Ecofin Power & Water) capital shares which trade 46-52p with a NAV of £1.04 what do you think of their chart?
praipus
29/12/2003
08:44
Utility companies, particularly water utilities, look to be positively re-rated during 2004 - comment by Henderson Global Investors on Bloomberg TV 8.40am this morning. Identified as a sector with overall positive potential for the new year.
chart master
23/12/2003
09:53
Thanks again. An acquaintance claims to be one of the UK experts on Japanese Candlestick Theory some of the traders tell him its like reading Tea Leaves but the bank he belongs to wont make a move without his input. Have found http://www.investtech.com charts useful though you have to register now. Have lost quite a bit following charts. The focus now is not loosing money and value investing which you have to be prepared to wait for sometimes. Historically held water only shares for safe capital growth and income. F & C Suit Plc Utilico's predecessor was and Utilico is a significant investor in the water only companies. SUIT and Utilico have always attracted a discount to NAV which is useful to get a discounted exposure to their holdings sometimes but baffling as the management team have been getting it right and working well for some considerable time. Most of the holdings they have are undervalued too, the dividend and simple share structure make it easy to buy and hold and wait until value is realised.
praipus
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