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You are right. It is surprising just how conservatively the BoD has valued the land assets. It surely sets them up for a predator to unlock that value. A buyer could pay a significant premium to current sp and still come out way ahead financially
Another positive article today by ST. More value to come
Maybe not so hidden now. 6 months on, up 25%. More to come....still undervalued
This is a real hidden gem. very detailed and glowing write up just now by Simon Thompson, exposing how undervalued it is.
It appears that management are so pleased with their results that they have posted them twice. :) They look pretty good to me.
Is the ending of the Help To Buy scheme at the end of December this year having an impact?
This is not looking too good, constant downward movement.
Slowly recovering from the unwarranted brexit sector hit. Not much newsflow and the exciting Rugby development with Aviva announced late last month made barely a ripple. Very big but 20 year plan? Needs greater impetus if uk is ever to meet its housebuild targets. Probably sp will drift until november results without much news. But good tuckaway. Solid not exciting
All looks very positive to me inspite of a couple of hiccups. The firm is concentrating on some potentially very profitable projects....near to Cambridge as well as accessible to London.
Hmm. 2 directors leaving early. Results due next week. 2x100k sold today. Maybe time to read between the lines before topping up...
Any ideas why? Sales of 200k+ no buys. Looking great value surely?
Terrace Hill boys booted into the long grass.There wasnt much hope of Philip Leech remaining on the Board after Robert Adair leaving. Journeyman sort not quite in the same sophisticated bracket as the swashbuckling dealakers Butler and Hugill
Who's selling?
Published today fastest growth in #of homes worth over £1m last year was east of england at 28%. Buoyant market prices can only be good for uanc hidden asset values in alconbury etc. Good news for investors in this overlooked developer.
Hmmm...some large share trades.
Some comment that may be of interest to others. http://www.privatepunter.co.uk/Companies/a-look-at-uanc-7-december-2015
Published 2 dec and well worth reading on uanc website. Very detailed and draw out the difference in approach to major housebuilders. Lower risk in my view. For investors who worry about difficulties for 1st time buyers in and close to London, the UANC sites a little further out are more affordable. Business looks conservatively run and is making good progress. No fireworks but no downside either in my view.
Due in 2 weeks. Uanc is a relative minnow that gets overlooked without rns for deals or results. I expect to see a good financial performance and interesting updates on projects which should lead to a useful uptick. We shall see...
Moving now
Should we be concerned that a director is transferring stock to EFH? Reminds me of Quindell/Rob Terry transfers. Just saying.
Idiots at IC had incorrectly marked this as a sell yesterday, possibly explaining the ludicrous dip. Have now marked up correctly as a buy: "This is early cycle for us," says Urban&Civic (UANC) executive chairman Nigel Hugill in the company's second set of results since it reversed into Aim-traded peer Terrace Hill to become a public company. The property developer has spent the last six months investing much of the £170m raised last year. Its portfolio now includes interests in 25,000 residential plots in areas where disposable incomes and populations are recovering. Investments in the period totalled £105m, including two prime sites in Manchester worth £23.8m, and an agreement with Hopkins Homes to develop 5,000 residential plots in Cambridgeshire. In February the company also bought Catesby Property for £34m. The deal should boost earnings this financial year and adds a stake in 2,600 homes set for development in Nottinghamshire. Excluding the value of associated commercial development land, the price tag equates to about £8,300 per un-serviced plot, which U&C believes leaves scope for significant gains. The strong pipeline may be tempered by politics, however. U&C believes the recent Conservative election win could lead to a drop in its planning application success rate, following a trend that has emerged in the last six months. Analysts at Stifel are forecasting adjusted book value of 280p for the September year-end, compared with 250p last September. Urban&Civic's shares trade at an 11 per cent discount to forecast year-end book value. They've done well in the past year, and our long-standing buy tip (170p, 6 Nov 2009) is now in the money. But the share price discount and Britain's housing shortage should underpin further gains. Buy.
Looking forward to the Interim results here tomorrow..
Nice tip on the tef board. With cash to spare and other builders now looking relatively expensive I too am in with a small investment of 5000 shares. Was looking at bellway and redrow which I still believe are two other relatively cheaply valued buikding stocks but they have subsequently surged since the election result which caught me out! This looks good value with some interesting projects and a very impressive board. I look forward to analysing the forthcoming results! Simon Thompson also writes in IC that he will revisit this stock in the next few weeks- I imagine after results. Hopefully this will provide some publicity and a subsequent uplift. He also says he will take a look at tefs results when out.
And when you consider the age of BoD, it is not hard to imagine that they may be susceptible to the right takeover offer at some point.
Plenty of long term projects which Hugill and Butler are past masters at ,The regional offices are looking at more oven ready opportunities which are effectively the ex Terrace Hill boys ready with shorter time frames.to profits Definitely a vehicle which will be used to make some big corporate moves and will be a major player. No surprises if they make a major beat on some bigger beasts I like you have sold a few only a few TEF mind to come back in here having exited when the reverse takeover of Terrace Hill took place