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Seems to have stalled since going ex div, a little drop was expected, but be nice for this to head to 250p soon. Any thoughts on timescale?
Just bought in here. On reading up looks like an interesting company to be invested in.
Simone tipped as a buy again today. GLA
A buy at 215p. https://www.investorschronicle.co.uk/tips-ideas/2018/04/27/u-i-proves-its-doubters-wrong/ GLA
What a prediction in February!!!!! BOOM lol
A NAV of 303p and a total distribution for 2017 of 8.2% Stocking set of results These shares have to soar
We might see a boom lol
Fifteen was what I meant in divis
to get the last twenty million to get the sixty plus they promised. If it transpires twenty five pence worth of divis me thinks. Share sort after today obviously people in the know ??!!
It's in the real estate investment & services sector
Bargain Shares 2018 should see some activity here today. GLA
FW it isn't big enough for the FTSE 350 so it is just a main listing and not in the indices you mentioned.
Ticker UAI.
Mail today, three pound on the horizon and a huge divi, maybe even a special. Whoosh .
As in Aim, FTSE 350 etc. Cannot turn up anything on Google
Assets 300p a bargain buy
I find it of interest to reflect on how the current position in U and I compares to my previous outsize holdings over the last 8 years. In a perfect world I would hold about 6 stocks on equal weighting. In reality, I always find one company that combines upside potential and downside protection in such a way that I buy in within the range of 25% to even slightly over 40% of my total holdings. This has led to gains of over 10x original SIPP capital without additions or withdrawals in just over 8 years. My target had always been 25x growth within a decade, but extrapolating forward that might just be beyond my reach now, 20x growth in a decade being more realistic. But then again I am not so sure. Whilst some holding inevitably go wrong - Petrofac most recently, although not an outsized holding - within my top two holding have been Senior (2009), Petrofac (2010), Barratt (2010 -2013), Dart Group (2012 - 2013), Kentz (2013), Inland (2013 - 2015), Ithaca Energy (2015 - 2016) and now U and I is comfortably my largest holding with Van Elle my second largest. Although the valuations of my previous largest winners looked ridiculous in hindsight, nevertheless, they all involved plenty of waiting around, not long for Dart and Kentz, but a couple of years for Barratt. The extent of the undervaluation and the speed of the revaluation did not generally correlate, although the undervaluation did always correct in time so long as the company remained on track. How does the current undervaluation of U and I compare with previous winners. Never an easy comparison as previous winners are in the past. But I do keep having to pinch myself here. The forward discount to forward TBV (Feb 2018) of 39%, due to the TBV being the denominator, would equate to a 60% rise in share price if the share price were to rise to the level of forward TBV. Given the GDV pipeline, excluding recent PPP Projects - I will come to these shortly, is about �4.5B. Obviously GDV is not all profit, but with a forward TBV around �360M, it is clear that the assets on the books are very conservatively valued. So, a share price of 1.5 times TBV for the asset based component of U and I's pipeline would not be excessive at all. This equates to a 140% price rise. Look closely at the last full year report and the recently added PPP projects add �1.5B to the pipeline and remarkably, c�90M to the annual profits from about 2020 onwards. I noticed that there was no sensible correlation between the medium term forward earnings of U and I and the discount to forward assets - the medium term forward earnings were much much higher than I expected. The PPP projects of course, Morden Warf excepted, are not owned assets, U and I are the development partner. There are two businesses here. One based on the assets for which the valuation alone is compelling, the other not based on owned assets, which is even more compelling. If you bought only for the asset discount, then that
This financial year, the main goal of real estate developer U+I (UAI) is to book between �65m and �70m of development and trading gains. You might view it as a positive, then, to hear management reassurance that all is on track. Or would you? So far, just �9.4m of those gains have been delivered, with just �2.2m coming since the end of August. On the surface, that sets the stage for a very busy run-in, and probably explained the small sell-off in shares on the publication of U+I�s half-year results. Yet the group has good visibility on the pipeline, backed by chief financial officer Marcus Shepherd�s assertion that �while most of the completions are in the second half, the majority of the work has already taken place�. Almost all of the 12 Hammersmith Grove development is let or under offer, which should contribute between �9m and �11m of the pile, with up to �18m set to come from the combined sales of a wind farm project and a student accommodation site in Brighton. Broker Peel Hunt expects adjusted net asset value (NAV) to climb to 302p by February, up from 277p at the end of the 2017 financial year.
Couldn't agree with you more Vlad.. Topped up again this morning on the dip. I see this being over 2.00 by New year. I don't see it rocketing, but instead a steady rise on rise each year. 2.50 by this time next year.. Good set of results
I am ok with this. The size of the portfolio and the early development phase of much will pull on cash and equity, second half loaded for realisations. For a retailer or manufacturer this would be a red flag bit not for real estate when company dependable, U and I have been open about earnings changes in the past. steady away, should see some price growth over the winter but need a 2 or 4 year view here, should multi bag several times over within 4 years. Vlad
Jesse Livermore was a mass of contradictions. Lefevre's account under the fictional name Larry Livingston is the most informative. In his youth he was an expert at support and resistance type trading. In time he became a remarkable observer of Bull markets and the irrational behaviour. He positioned for the top of the 1929 bull run quite expertly, not by chance as some writers have said. Part of his 1929 analysis was valuation based for the market as a whole although he put little effort into the valuation of individual companies which was part of his undoing as valuations ultimately will trump technical analysis. His last wife had had 4 previous husbands, all 4 had committed suicide, Livermore was the fifth - seems incredible but apparently true - he certainly did not do his fundamental research there. His other big undoing was chasing trades that would make the headlines and maintain his status as a celebrity trader of his day. There is some real insight in Lefevre's book though, not least the quote below. Vlad
Didn't Jesse Livermore get busted Vlad - Ref a book called 'The day the bubble burst' 😊
Didn't Jesse Livermore get busted Vlad - Ref a book called 'The day the bubble burst' 😊
hollyhunter The MACD, stochhastic and RSI mean little here. UAI is stuck in the trading range as the institutions stop buying as soon as the top of the range is approached. This I suspect, is about to change, the break out when the price closes above around 200p will be decisive due to the massive undervaluation and the fact that institutional buyers have manage to keep the UAI share price bottled up in that range for so long as they accumulate their holdings. So who have they been buying from would be the question. Retail investors are, for the most part a hapless bunch of short sighted Lemmings. Sitting in a trading range for a year or more is way beyond the capacity of nearly all of them. As Jesse Livermore once said, the capacity to both be right and to sit tight is rarely found in the same person. Vlad
bullish crossover in MACD and Stochastic oscillator and RSI stands at 55.06 level with positive bias. Looking for breakout at 196.50 for a run up to 229. http://uk.stoxline.com/q_uk.php?s=uai51.