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Share Price Information for Unite (UTG)


Share Price: 907.50Bid: 906.00Ask: 907.00Change: 0.00 (0.00%)No Movement on Unite Group
Spread: 1.00Spread as %: 0.11%Open: 917.50High: 0.00Low: 0.00Yesterday’s Close: 907.50

Unite Group Plc Ord 25P

Unite is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 Low Yield
Unite is part of the Property Investment Trusts sector






Share Price SpacerPrice
907.50
Share Price SpacerBid
906.00
Share Price SpacerAsk
907.00
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
0
Share Price SpacerOpen
917.50
Share Price SpacerHigh
0.00
Share Price SpacerLow
0.00
Share Price SpacerClose
907.50
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 263.54m £2,391.61m 2,000

52 Week High 934.50 52 Week High Date 18-MAR-2019
52 Week Low 771.50 52 Week Low Date 26-MAR-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
0 0 0 9.994 90.80 19.30 2.13


London South East Users info for Unite




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

22-Mar-19
16:53:22
907.368
2,706
Buy* 
906.00
907.00
24.55k
Trade Type:
Ordinary
Delayed publication

22-Mar-19
17:09:19
907.50
3,868
Buy* 
906.00
907.00
35.10k
Trade Type:
Ordinary
Delayed publication

22-Mar-19
17:40:41
915.642
2,951
Buy* 
906.00
907.00
27.02k
Trade Type:
Ordinary




View more Unite trades >>

Directors Deals for Unite (UTG)
Trade DateActionNotifierPriceCurrencyAmountHolding
02-Nov-18Scrip Dividend
Trade Notifier Information for Unite Group
Elizabeth McMeikan held the position of Senior Independent Director at Unite Group at the time of this trade.
 Elizabeth McMeikan
892.8GBX377747
13-Sep-18Sell
Trade Notifier Information for Unite Group
Richard Smith held the position of CEO at Unite Group at the time of this trade.
 Richard Smith
911.5GBX35,000284944
13-Sep-18Sell
Trade Notifier Information for Unite Group
Joe Lister held the position of CFO at Unite Group at the time of this trade.
 Joe Lister
911.5GBX35,000196931
View more Unite directors dealings >>


Maddox
Posts: 63
Opinion:Strong Buy
Price:916.00
Strong H2 dividend up 28%
3 Mar '19
The full year 2018 results are as strong as expected. The highlight for me being the uplift in the dividend by 28% year-on-year to 29p. With the share price closing at 916p as I write the yield is 3.71% which is in it's range of 3 - 4%. However, the advantage of buying into a share like Unite that is growing its income year after year and increasing the dividend pay-out is that on my historic cost of purchase I'm now getting an equivalent yield of over 15%. The much used description of a share like Unite as being a 'bond proxy' couldn't be more wrong in my opinion: It ignores the key attribute that these shares tend to have of increasing their payout whereas bonds don't.

Other key highlights:

EPRA earnings - +25%

EPRA eps - +13% (less due to share issue to buy properties)

EPRA NAV - +10% (following some disposals for re-investment)

The LTV is a highly conservative 29% with the cost of debt falling to 3.8% (4.1% - 2017) and destined to fall to 3.6% as they increase the debt to build-out their current forward development pipeline of 6,579 beds.

When this current pipeline (further additions will be made to it) Unite forecast an EPRA eps of 47p - 51p so a circa 38% - 50% uplift. As 85% of these earnings will be paid-out as dividends we are looking at 39.95p - 43.35p in divs and a projected share price of 1077p - 1168p (based on the current yield). On top of this there are prospective Unite's university partnership deals - that are taking longer to come to fruition than I had hoped.

I'd recommend anyone interested in Unite to look at their H2 Results presentation:

http://www.unite-group.co.uk/investors/reports

that gives excellent background information on the market. There is still a large under capacity of student accommodation, numbers are rising and supply is falling. All this underpins an optimistic outlook despite Brexit or further economic travails.

Regards Maddox
afrc
Posts: 496
Opinion:No Opinion
Price:917.50
RE: Unite hitting all-time-high
31 Jan '19
Totally agree , very expensive at this level though but some profit taking is to be expected sooner or later so if the sp comes down to the 850 level again, i would be a buyer again !!!
Maddox
Posts: 63
Opinion:Strong Buy
Price:919.50
RE: Unite hitting all-time-high
31 Jan '19
Hi afrc,

With respect to Brexit some buy-side analysts had argued that Unite would suffer from a drop in EU students. However, as they comprise only 6% of the total student population a drop will not have a significant impact, and it is unlikely that they would stop coming all together even if they have to pay the same rate as other international students. In fact, applications from EU students were up 2% last academic year. Also, if Brexit drives Sterling down then UK becomes a more affordable destination.

Similarly, Unite is often competing for development land against other commercial developers - which if affected by a slow down causes land prices to drop and improves margins.

Nevertheless, have a look at the Unite chart following the Brexit referendum - Unite's share price fell dramatically as Mr Market seemed to see it, incorrectly IMO, the same as commercial property; which was seen as being very much at-risk. It was a wonderful buying opportunity and one cannot guarantee how Mr Market will perceive a hard Brexit for example?

One of Unite's attractions to Institutional investors as part of a portfolio is that it is uncorrelated with the other investments and thus adds risk-diversity. For example, most other investments will be susceptible to a market recession, whereas the education sector doesn't tend to be affected. If job opportunities are few, people will often decide to study and improve their qualifications, so demand might actually increase. Purpose-Built Student Accommodation (PBSA) was the best performing asset class during the last Global Economic Crisis - when it wasn't very mature as an asset class.

Unite isn't a share that keeps you awake at night, asset backed, strong demand, with long-term university contracts and a pipeline stretching out three to four years - it looks a pretty safe investment to me.

Regards, Maddox
afrc
Posts: 496
Opinion:No Opinion
Price:926.00
RE: Unite hitting all-time-high
30 Jan '19
What a performance though !!! Among all the uncertainty with brexit and other issues, UTG has been a great share to own, with more to come .
Maddox
Posts: 63
Opinion:Strong Buy
Price:929.00
Unite hitting all-time-high
30 Jan '19
Unite has staged a dramatic climb in share price from the recent low of 797p on the 27th Dec to what today looks to be, if it holds, a new all-time high. Currently over c.925p as I post. So c.16% in about a month.

I get the impression that there aren't many personal investors in Unite and that it's Financial Institutions that are moving the sp; which is why the moves can be large in either direction as they look to transact at scale.

What is also interesting is that looking at the recent reported daily transaction volumes seem to be declining whilst the share price is rising? This suggests that the Unite stock is tightly held and that the price rise is not managing to entice-out sellers to satisfy demand.

Regards Maddox
View more share chat for Unite (UTG) >>




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