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Share value zeroed today on Iweb. Anyone know when proceeds will be credited?
Thanks yes I agree with what you say, slightly mixed emotions too.
I’ve not had one if my shares bought out before except Zoopla but sold out as soon as it went up as I thought a risk it could fall through.
Won’t we just get 345p per share in a few months time, nothing else? So why not sell now if you can get that today (and potentially reinvest too)...would you only hang around in the hope of a counter offer?
Very mixed emotions. I bought some more recently so that is a good thing but I remain convinced that some cash has been left on the table on a two year view. Anyway, certainly can't complain and I am not too surprised either.
I feel another offer is unlikely, given the circumstances and the fact that, as a scheme of arrangement it will all be sorted pretty quickly. I am sure some PE buyers would be interested but the timing would make it hard and it is difficult to say that the offer is not fair, if only due to recent events and share price battering.
No reason to sell, though, unless you need the cash for another opportunity.
Any views on a counter offer? I’m tempted to sell up and bank the profit but would be interested in other views...?
They are a class act Hugill & Butler
Good news to hear U & C's customers the housebuilders are raising cash to take advantage of subdued land prices to acquire land
The problem is development land is the first casualty in a crisis .Its a stopped clock
I've turned bearish on this share now and sold out.
Looking very much over bought on the charts with the RSI and STOCH.
High PE of 55!
Debt of £105m is manageable but still high for a company that only makes £12m net profit a year.
EPS is forecast to drop over the next 2 years. I can not say I've noticed a share rise when the EPS is set to fall.
Still think it's a good company, just over priced now.
From 260p to 327p in just 2 months. 25%+ when most builders are falling back.
Must be some persistent volume buying driving this up. Bid in the offing??
Good results. Another recent buy of mine. Very under valued.
directirs evidently share my views: 2 have bought 120k shares (£370000) in the last 2 days. a steal at 305 imo
huge placing from one institution to others @ 305, well below last closing of 335p. I feel confident take up will be good and price will quickly recover, so have added more at what is. effectively a 10% discount
Sparkling results today. Look forward to Simon Thompson s write up in investors chronicle as I am confident net asset value is significantly understated
I quite agree that UANC has done well to secure this site, but I also think that it is highly speculative and may take a decade or more to come to fruition - if it ever does. So, I doubt that UANC have much more than an option at this point. I believe that this site is in the location of the "City in the Vale" suggested by 5th Studio in their recent report to the National Infrastructure Commission, at the point where the proposed East West Rail (Varsity) line intersects with the proposed HS2 route. So, aside from planning, the deal is probably dependent on HS2 and probably East West Rail being built, with a new station in the vicinity. That is on top of highway upgrades (and so further Government investment) and planning. It reminds me a bit of how Ebbsfleet started when it was rolled into the HSI bill back in the mid 1990s. A long haul, but good that UANC have an early position for what I hope is not much cost at this stage. I was rather more cheered by the RNS on 28 February that UANC had been selected as master developer - in partnership with Wellcome Trust - for the Manydown strategic extension of Basingstoke, where the plan is to deliver around 3,500 new homes, with the possibility of that being extended, as the awarding Councils also have a further 1,230 acres of land for potential development (although that would doubtless be the subject of a further competition). Wellcome Trust is an excellent partner for UANC and whilst the scheme still needs planning permission, the signs all look good.
RNS announcement today of new site in Aylesbury Vale being 785 acres greenfield site, all good news. Share price has already increased 10% post annual general results release in Nov 2017 from �2.73, before this positive RNS today.
Went to to see the smart bespoke marketing suite in Princes St this week, just across the road from the now started construction of the New Square Development. The suite has been designed to scale of a one bedroom apt , the finish is excellent. http://www.manchesternewsquare.com/ The Annual Report and Accounts dated Nov 2017 page 54, states development will consist of 351 apartments being a mixture of 1/2/3 bedroom apts, with 102 reservations. Sales now at 140 representing almost 40% of total, with completion due Mid 2020. With construction started on the x 3 blocks, interest now likely to increase, the location is prime city centre Manchester. One Beds from �218k, Two Beds from �340k and 3 Beds from �400k.
Not aware ...pretty impressive price though !
In a piece on UNAC back in February he mentioned the first Alconbury plot sale went through as �71,000 despite having a mixed appraised value of �24,000. Does anyone know if there is an up to date value of the cost per plot at Alconbury now?
I have been waiting for over a year for this to get moving. Simon Thompson's picks usually come good eventually! UANC has land around Cambridgeshire..and every time I visit Cambridge it has expanded further. Ely is busy doubling in size...must be Kings Lynn's turn soon.
Num is brokers just initiate cover of Uanc with a target of 400p. Another step in the overdue re rating ....
I agree. I don't think the market understands Uanc. analysts try to apply the same metrics used for other builders and it underplays Uanc unique wholesale value adding approach. Maybe with a couple more days for them to analyze Uanc properly, the sp will advance. They are building a very strong reputation with planners and developers to very good effect, and significantly shortening timescales from large site application to development starts.
Very positive. Big increase in building in a very popular area around Oxford and Cambridge.
Great company of course with the well connected,consummate deal makers Hugill & Butler leading from the top but facing a future where land sales are likely to be less frothy as the majors steady themselves ahead of a quietening market Any changes in end residential sale prices and a slower market having a disporprtionate effect on land values The time served duo will be mindful of that and will be casting their eyes on a suitable vehicle who are capable of developing out cradle to grave The arrival of Steffy from Telford Homes as non-exec has certainly set the tongues wagging and definitely a good corporate fit TEF have recently announced the heavyweight appointment of Jerry from London & Quadrant so maybe all the jigsaw pieces are being assembled
Hambro upped their stake-now over 6% & 8m+ shares. Good to see. I assume investing rather than stake building but who knows?
Rns today detailing a significant land/housing acquisition, funded by Govt HCA. South Midlands based where prices rises are outpacing many other areas. Well worth reading. Surprised sp hasnt moved but early doors and uanc below the radar for many. I have taken the opportunity to add more as I expect it to get boosted next month by results due, and UK autumn budget, which is rumoured to be favourable to 1st time buyers. May get a further boost early this week if Simon Thompsin at Investors Chronicvle writes up this new deal. DYOR