The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Crickey, received the cash in my ISA account while typing the last message!
A very merry Christmas to all!
ps spend it wisely!
This is from the RNS...
Suspension and De-Listing of U+I Shares
Dealings in U+I Shares have been suspended from trading on the London Stock Exchange's Main Market for listed securities with effect from 7.30 a.m. today. (14th Dec that is)
Applications have been made to the London Stock Exchange for the cancellation of the admission to trading of the U+I Shares on the London Stock Exchange's Main Market for listed securities and to the FCA for the cancellation of the listing of U+I Shares on the Official List, which are each expected to effect from 8.00 a.m. on 15 December 2021.
Settlement of Consideration
Scheme Shareholders on the U+I register of members at the Scheme Record Time, being 6.00 p.m. on 13 December 2021, will be entitled to receive 149 pence in cash for each Scheme Share held.
Settlement of the consideration to which any Scheme Shareholder is entitled will be effected by way of the despatch of cheques or the crediting of CREST accounts (for Scheme Shareholders holding Scheme Shares in certificated form and in uncertificated form respectively) (or by any other method approved by the Panel) as soon as practicable and in any event not later than 14 days after the Effective Date, as set out in the Scheme Document.
.... I hope this helps, maybe slip to first banking day after Christmas? Anyway hope we all get our dues soon!
Merry Christmas to you too!
Thanks for that.
Merry Xmas.
Not yet. Should be today I think. Think it was set no later than 14days after the court decision on takeover which was 13th Dec....making latest date 27th, but today last non-bank holiday to pay up!
Has anyone received the monies from the takeover yet? Does anyone know then the date it will happen?
Anyone else think this may be subject to a higher bid? There seems to be some chunky trades with a couple of holdings being boosted and declared over the last few days.
i was a holder in both stocks, bcn and uai, and knew both would be taken over, the naive people at bcn didnt think so, they thought the chinese would let a bill £ company alone, anyway, at uai the writing was on the wall too, and having worked with richard upton i knew he would push to sell the company. next one is znwd, an offshoot of bcn
Have sold my entire holding that I bought at the start of this year. I'm pretty happy, but don't feel too much emotion with my investing.
I was expecting it to take a couple of years to get back to this price, but had confidence over a ~5 year period it would get to over £3.
I'm also a lot more pleased with this take over offer than the Bacanora Lithium take over offer where the directors really screwed shareholders (though I only started owning those shares in early March).
Onwards and upwards!
Brilliant news!
Deep value outed !
If approved by shareholders and court then you will receive £1.49 per share you hold on a specific date. And then UAI will no longer have shares available to trade.
What a beautiful start to the week!
Have just sold my entire holding at a +104% gain from original investment.
Happy to take 148p now instead of waiting around waiting around for an extra 1p when the deal completes. Happy Days for UAI holders :)
...look very unlikely.
Nd
Can someone explain what's happening? I know Landsec has offered to take over at a price of 1.49, but what does it mean as a shareholder?
Yeah this is my largest holding too. I can't complain about a 73% increase for me here for 2 and a half years hold with most of it bought within the last year at an average of 81p. Yep happy for £1.49.
Do not know now what I paid for last tranche so quite whether big profit or small but it is a largeish bit of my portfolio so pretty transformative. something about gift horses and mouths!
149p takeover price, cheap but would have taken much longer to get there without it. GLA
..of Interim results about mid-Nov, long before the Interims due in Jan 22. They are bound to be good compared to last 2 years so I am expecting a gentle upward curve during this winter. Unsure what difference increasing interest rates will have on prop shares but from such a low level, probably nil until we are into the spiral. I expect that next summer.
Approx. £1.4 million buys gone through this morning. Director buys maybe?
And the Albert Embankment (LFB) development recently lost after call-in is far from over. As someone who used to be in the business I can assure you there is much discussion between parties and planners which will result in a fresh application soon. All parties will try very hard to overcome the political objections of the one that failed. Site is just too important to London to be undeveloped.
The planning permission of Modern Warf (MW) has the potential to give UAI share price an uplift over the next 2 years of approx. 50p to £1 based on £20m £40m return from the project.
Out of the 4 main projects of MW, CFNE, Landmark and Mayfield, MW is only the third largest. Only CFNE left for planning permission now and that is not due until 2024.
There has not been a better time for home builders with the shortage of homes across the UK. The population in London is forecast to grow 14% (1.2m people) in the next 20 years.
Expect an updated report from Liberum today.
was shown last as £1.60 per share after all the recent downsizing. Our current SP is a heck of a big discount to that and it is a reasonable assumption that it should grow from that new base. Looks to be a great buy right now. Shame I am so underwater and no loose cash to invest. Please if you are interested do the research yourself. It is all out there.
Final results were out in May
....should be out any day. Hopefully new strategy starting to show in bottom line and we can get back to three figures again. I expect a revised application after the call-in refusal but not yet.
I wonder if we will see more bod buys rns as there has been some big trades going through.
Quote from FY report - "We now have a refreshed business that is not only more efficient but one that is simpler, stronger and aligned to making thoughtful, authentic places alongside shareholder value. It is a business that is ready to deliver."
UAI core developments have targets for completion of 2-5 years. Profits are lumpy in this business , meaning big profits one year and small profits another. If you average out the £1.4 billion profit targeted over 5 years that is £280m per year. Take the current Market Cap. of the company, £120m, and you can see where the sp will go eventually providing they deliver.
I get the feeling their forecasts are probably on the lower side which will be good for the SP if they then beat the forecasts.
Then we have a company that likes to pay high dividends with special dividend payments, judging by past payments. These will likely be re-started next year, so these will be worth holding for anyone with a low average share price. If I remember correctly, in 2018 UAI paid out about 6p in dividends with an extra dividend of 12p. All together it amounted to about a 10% dividend. I'd expect to see similar in a couple of years which would work out at 15%+ at these prices.