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I've noticed the volume spike over the last week, buy volume has substantially increased with very small sell volume trying to push the price down. Daily chart pattern is one of accumulation at just over 60 for a while now. Bid ask spread on this stock is terrible...
There were a series of director buys at the start of this year. This company will be valued at much more in 2-5 years.
DYOR
Got a few here myself. Small profit at the mo. RNS next week if I remember correctly? ATB
Some movement at last.
Thanks, canaries. Might tuck a few more away now when funds drift in from Lidco takeover.
Oldabutnotwisa.
The 47million euro loan due April 2021 has already been negotiated to April 2024.
Dobbyy : Ordinarily no problem but with rent holidays and valuations going into reverse. they will need all their wits about them. I am heavily down here.
Might wait and see if we have to help them out with a Placing and OO. Homework: What price would they have to pitch that to bring in 50M Euros after expenses? Noe using your calculators, children!
Have you looked at their last annual report, Dobbyy? It should explain a lot. They have taken a big hit from this market, hence the drop in price. You will be gambling on their ability to come back as the lockdown finishes and vaccine helps return to the 'new normal'. Nothing can replace your own research because you can then make up your own mind. Good luck.
Hi, been looking at u&I now for a bit, looking to invest in them, seems strange that the price is still so low, I can’t seem to find anything on-line to explain why, is there any issues going on? How do you all feel about it at the moment is it worth investing at this point? Seen some chats below with people wanting out. Thanks
Normally late November. Now late next Jan. This is no doubt due to the Lurgy delaying rent receipts. May have hit bottom now and I am encouraged by the latest Gov't pronouncement that the development spend will be tilted away from the London area. We also concentrate on Manchester and Dublin. I expect some cash from a recent takeover and am mulling a top-up here when it arrives, but most will go into 'safe and boring'.
I would not expect a take out before the end of March 2021 or they would be buying at a higher price. Besides, the bod have large holdings here at much higher prices and would not want to sell I imagine. Still worth toping up at these levels though.
Great buying before results
Could be a takeout huge NAV
Yes residential property is fine and robust. Commercial property will take longer but as businesses evolve and new companies come to the market with new concepts etc Commercial property will be needed and returns to proper valuations. I've been addinh U&I at these depressed levels awaiting the vaccine and normality to resume which will be middle to end of next year. So a decent return awaits .
Bodes well that many developers are posting good results, Barratts alone have a 24% increase in sales in the same period as last year, pre covid!
Because of a lot of it's stock is out of favour with the press (ie In town living) the tide has already started to turn on this as people go back to work. It also rents retail units that have taken a hit due to covid, but looking at today's RNS there seems to be a positive news on owed rent.. Oversold, will be back above 100p before spring.
Why does this stock keep falling?
... Just what is needed right now. Still wonder how they bought Arkley Golf Course for £360,000! Maybe our board owned it through their own private co!!
it will rerate now, all time low share price was 63.2p 03/08/20
A serious re rate about to happen..
Late rns. Wait until Mr Market wakes up to this one. Huge news.
Geez this should fly on that news...
Fantastic RNS, £23 mil in the bank! hard to get a quote, glad I got in
U +I (LSE:UAI), the specialist regeneration developer and investor, announces that Mayfield in Manchester has secured £23 million in grant funding from the Government's £900 million Getting Building Fund.
This is a major milestone for this £1.5 billion Gross Development Value scheme, as the funding primes the first phase of Mayfield for delivery, ensuring work can start on Manchester city's first public park in over one hundred years in the final quarter of 2020. Other parts of Phase 1 include a nine-storey 75,900 sq.ft. office building, a 13-storey 244,000 sq.ft. office building and a 581-space multi-storey car park in the heart of Manchester. These will also start construction this year, with the first buildings completed in 2022.
The overall scheme is expected to deliver c.£60-80 million of profit and c.£40 million in development management fees to U+I over its lifespan. Development management fees start to accrue to U+I in FY2021.
Mayfield secures £23m in Government funding
A tough read but they will survive, I believe. Just wish I had only bought in now!
Got a feeling this might end up in the blue today ;)