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Pin to quick picksUrban Logistics Share News (SHED)

Share Price Information for Urban Logistics (SHED)

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Share Price: 118.20
Bid: 118.80
Ask: 119.00
Change: -2.20 (-1.83%)
Spread: 0.20 (0.168%)
Open: 120.60
High: 121.00
Low: 118.20
Prev. Close: 120.40
SHED Live PriceLast checked at -
Urban Logistics REIT is an Investment Trust

To invest in a diversified portfolio of well-located, fit-for-purpose last mile or regional logistics facilities in the UK and engage in active asset management to leverage and enhance returns.

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UK TRADING UPDATE SUMMARY: Codemasters On Up As Finds Right Formula

Tue, 11th Aug 2020 12:36

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Codemasters Group Holdings PLC - Warwickshire-based video game developer - Revenue and adjusted earnings before interest, tax, depreciation and amortisation will be "significantly" ahead of market expectations in year to March 31, 2021. Codemasters notes strong performance from F1 2020 game, latest instalment of Formula One games.

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Parity Group PLC - London-based recruitment and professional services firm - Signs partnership agreement with CyberGym to offer cyber-warfare preparedness training. The due win a place on the NI.CO Cyber Security Training Services Framework to provide consultancy and recruitment support in Northern Ireland.

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Actual Experience PLC - Bath-headquartered analytics-as-a-service firm - Lands agreement with Verizon Communications Inc to supply its Human Experience Management service to increase employee productivity. Service can spot when digital applications are unresponsive and slow and can identify where improvements can be made.

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Solid State PLC - Worcestershire-based computing products manufacturer - Trading in first four months of financial year running to March 31, 2021 ahead of internal expectations. Revenue down 4% annually. Notes all manufacturing sites open again.

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Blue Star Capital PLC - esports and payments technology-focused investor - Investee Dynasty eSports Pte Ltd raises SGD3.1 million, about GBP1.7 million, to develop eSports Portal Management platform.

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Pires Investments PLC - London-based technology-focused investment firm - Investee Getvisibility signs public sector distribution deal with immixGroup, supplier of enterprise IT services to US public sector.

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Two Shields Investments PLC - investor in technology sector - BrandShield cyber protection investee sees new business in first half of 2020 alone equal all of 2019 as Covid-19 boosts demand. Has 11% stake in BrandShield. Also notes announcement by Power Metal Resources PLC - an exploration and development company - on Kalahari Key Mineral Exploration Ltd. KKME, targeting a nickel sulphide prospects in Botswana, is moving closer to drilling and is working with regulators to secure approval of an environmental plan. Power Metal holds just over an 18% stake in KKME, Two Shields holding is just shy of 18%.

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McKay Securities PLC - real estate investment trust focused on office, industrial and logistics properties - Acquires fully let logistics asset in Bracknell for GBP10.0 million, representing a net initial yield of 5.6%. Combined contracted rent at 1-4 Willoughby Road is GBP594,722 per year.

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Urban Logistics REIT PLC - real estate investment trust focused on industrial and logistics properties in UK - Acquires three assets in Colchester, Exeter and Nottingham for GBP36.8 million in total. Also enters into GBP151 million loan facility with Barclays, Santander and Lloyds to replace existing GBP76 million facility, which was due to expire in 2022. New facility has a three-year term with an option to extend by an extra two-years.

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Phoenix Spree Deutschland Ltd - investment company focused on Berlin residential real estate - Portfolio value at June 30 up 2.3% to EUR746.7 million from EUR730.2 million at end of December. Impact of Covid-19 on rent collection has been "limited". Says it is likely that Mietendeckel, a rent capping law in Berlin, will be successfully challenged.

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Gunsynd PLC - London-based investment firm - Notes investee Eagle Mountain Mining Ltd begins maiden drilling programme at 80%-owned Oracle Ridge copper mine near Tucson, Arizona.

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Cadence Minerals PLC - mineral resources investment company - Amapa iron ore project owner DEV Mineracao SA in constructive dialogue with creditors. Settlement with creditors remains the last precondition before Cadence takes 20% stake in project, located in Brazil.

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Westmount Energy Ltd - South America-focused energy investor - Notes Monday announcement by Ratio Petroleum Energy Ltd Partnership that Stena Carron drillship arrived at the Tanager-1 wellsite on the Kaieteur Block, offshore Guyana with drilling expected to kick off "imminently". Westmount holds roughly 0.7% stake in Ratio Petroleum and about 5.4% interest in Cataleya Energy Corp. Ratio and Cataleya hold 25% interest each in Kaieteur.

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Panther Metals PLC - Australia and Canada-focused minerals explorer - Finds a total of 253 geophysical anomalies from airborne survey of Big Bear gold project in Ontario, Canada. Notes 39 of 253 anomalies designated as "high-priority".

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Salt Lake Potash Ltd - Australia-focused miner - Set to raise AUD98.5 million, about GBP54.0 million, from combination of institutional share offer and retail entitlement offer. Raises AUD71 million from issue of 142.1 million shares as part of institutional offer, while AUD27 million retail entitlement offer is expected to close on August 25.

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Pure Gold Mining Inc - Canada-focused gold miner - Reports forest fire is currently active in town just south of Red Lake mine, Ontario. Pure Gold has temporarily suspended operations at mine.

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Great Western Mining Corp PLC - mineral explorer with projects in US state of Nevada - Produces first ever gold as a company. Although a small amount, Great Western hails the gold produced from RH Group area of its Mineral County area in Nevada as a "significant milestone".

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Shefa Gems Ltd - gemstone explorer in northern Israel - Receives ILS330,000, about GBP74,057, and 313,000 shares in major shareholder Shefa Yamim Ltd to settle debt. Shefa Gems has agreed not to sell Shefa Yamim shares in the market for a period of six months, which started July 20.

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Conroy Gold & Natural Resources PLC - gold explorer in Ireland and Finland - Raises GBP800,000 in placing and subscription of 3.2 million shares at 25 pence each. Including exercise of warrants announced in July, Conroy has secured over GBP1.0 million to bolster working capital.

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OptiBiotix Health PLC - York-based life sciences company - Results from peer-reviewed studies show its probiotic LPLDL reduces cholesterol and blood pressure. One study showed a 37% fall in total cholesterol and a 5.1% decline in blood pressure.

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RUA Life Sciences PLC - Ayrshire, Scotland-based medical device business - Hospital orders recovered from Covid-19 lows faster in US than Europe. US orders now at 90% of pre-pandemic levels, Europe at 67%. Notes furloughed staff have returned to work.

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Destiny Pharma PLC - clinical stage biotechnology firm - Safety review of phase 2b clinical trial of lead asset XF-73 completed by independent committee. Study can continue without any recommended changes and recruitment on track to be completed by end of 2020.

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Sareum Holdings PLC - drug developer focused on small molecule therapeutics to improve cancer and autoimmune treatment - Expects annual loss on ordinary activities to narrow to GBP960,000 from GBP1.5 million.

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Hemogenyx Pharmaceuticals PLC - pre-clinical stage biopharmaceutical firm headquartered in London - Enters into research pact with University of Pennsylvania to advance its chimeric antigen receptor T-cells towards clinical trial. CAR T-cells being developed for potential treatment of acute myeloid leukaemia.

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Fusion Antibodies PLC - pharmaceutical company based in Belfast - Notes partner Queens University Belfast awarded GBP50,000 in funding to develop new schemes to boost life science research in Northern Ireland.

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Cairn Homes PLC - Dublin-based housebuilder - Revenue in six months to June 30 down about 58% to roughly EUR80.6 million from EUR192.4 million a year earlier. New home sales down 47% to 207 from 390. Operating profit expected to fall 79% to about EUR5.6 million from EUR27.3 million.

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Modern Water PLC - London-based water supply company - Expects 2019 results to be released by end of month following audit delays.

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S & U PLC - Solihull-based lender focused on motor finance and property bridging - Sales at Advantage Finance recover to nearly 80% of normal levels as more car sales outlets reopen. Advantage sales were previously as low as 40% of normal levels. Loan applications at record high at Advantage but transaction levels 25% less than last year due to tightened underwriting. Aspen benefits from housing sector reopening with new transactions in July being above budget.

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Appreciate Group PLC - Liverpool-based multi-retailer - Completes sale of Budworth Properties Ltd unit which owns Valley Road, Birkenhead land and buildings for GBP3.2 million.

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Walker Greenbank PLC - Buckinghamshire-based interior furnishings firm - Total brand sales, before licensing, discounts and rebates, in six months to July 31 down 28% annually. In UK, its largest market, sales down 31%. In international arm, sales fell 24%. Notes early pain from Covid-19 but gained momentum as half ended.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
17 Apr 2024 09:37

Urban Logistics hails strong portfolio amid new lettings

(Alliance News) - Urban Logistics REIT PLC on Wednesday reported that it saw continued progress in the fourth quarter of its financial year, which it said was marked by significant like-for-like rental increases and a number of new lettings.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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17 Apr 2024 08:35

Urban Logistics upbeat as rents strengthen

(Sharecast News) - Urban Logistics REIT struck a confident tone on Wednesday, after rents rose by nearly a quarter in the last three months of the year.

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12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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10 Apr 2024 15:00

London close: Stocks finish higher as US inflation tops forecasts

(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.

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21 Mar 2024 20:03

TRADING UPDATES: CAP-XX raises funds; Shanta Gold dividend

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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18 Mar 2024 19:20

TRADING UPDATES: Chariot mulls future of Transitional Power business

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Mar 2024 16:10

Abrdn Property Income urges shareholders back "compelling" merger

(Alliance News) - Abrdn Property Income Trust Ltd on Thursday provided an update on the proposed all-share merger with Custodian Property Income REIT PLC.

Read more
13 Mar 2024 14:29

Custodian amends terms and reaffirms commitment to abrdn merger

(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday.

Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.

In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.

Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.

On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".

The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000.

Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.

Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".

Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.

In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.

Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
23 Feb 2024 09:21

Urban Logistics given March deadline for making API decision

(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd.

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20 Feb 2024 19:12

Urban Logistics approaches abrdn Property Income with "superior" offer

(Alliance News) - Urban Logistics REIT PLC has made an offer for abrdn Property Income Trust Ltd, both companies confirmed on Tuesday.

Read more
17 Jan 2024 10:34

IN BRIEF: Urban Logistics says demand still outstripping supply

Urban Logistics REIT PLC - UK-focused logistics real estate investment trust - Says demand for space continues to outstrip supply in the "last mile, last touch delivery" sub-sector for essential goods in urban locations. Reports completion of seven lease events since October 1, which "are evidence of significant asset management opportunities available to the company". Says new leases generated around GBP500,000 in additional rental income with passing rent increasing by 31% for over 400,000 square feet. Another two leases are either in solicitors' hands or under offer, which Urban Logistics expects to "further reduce portfolio vacancy".

Read more
17 Jan 2024 09:02

Urban Logistics reports jump in demand, rise in rental income

(Sharecast News) - Urban Logistics reported a continued surge in demand for space in an update on Wednesday, within its niche sub-sector of last-mile, last-touch delivery of essential goods in urban areas.

Read more
8 Dec 2023 14:57

UK dividends calendar - next 7 days

Monday 11 December 
Asian Energy Impact Trust PLCdividend payment date
YouGov PLCdividend payment date
Tuesday 12 December 
Brunner Investment Trust PLCdividend payment date
Pan African Resources PLCdividend payment date
Wednesday 13 December 
no events scheduled 
Thursday 14 December 
Associated British Foods PLCspecial ex-dividend payment date
Associated British Foods PLCex-dividend payment date
Baltic Classifieds Group PLCex-dividend payment date
Barings Emerging EMEA Opportunities PLCex-dividend payment date
BlackRock Energy & Resources Income Trust PLCex-dividend payment date
Burberry Group PLCex-dividend payment date
Caffyns PLCex-dividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
Cranswick PLCex-dividend payment date
Crystal Amber Fund Ltdex-dividend payment date
discoverIE Group PLCex-dividend payment date
DS Smith PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fuller, Smith & Turner PLCex-dividend payment date
Halfords Group PLCex-dividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
Impellam Group PLCex-dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCex-dividend payment date
Mitie Group PLCex-dividend payment date
Murray Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Polar Capital Holdings PLCex-dividend payment date
Redde Northgate PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
Sirius Real Estate Ltdex-dividend payment date
Templeton Emerging Markets Investment Trust PLCex-dividend payment date
Town Centre Securities PLCex-dividend payment date
TR Property Investment Trust PLCex-dividend payment date
Triad Group PLCex-dividend payment date
Tritax EuroBox PLCex-dividend payment date
Vertu Motors PLCex-dividend payment date
Friday 15 December 
Airtel Africa PLCdividend payment date
Asia Dragon Trust PLCdividend payment date
Craneware PLCdividend payment date
Games Workshop Group PLCex-dividend payment date
Gattaca PLCspecial dividend payment date
Gattaca PLCdividend payment date
GCP Asset Backed Income Fund Ltddividend payment date
Hargreaves Lansdown PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
J Sainsbury PLCdividend payment date
James Halstead PLCdividend payment date
Kainos Group PLCdividend payment date
Lancashire Holdings Ltdspecial dividend payment date
Pershing Square Holdings Ltddividend payment date
Scottish American Investment Co PLCdividend payment date
Scottish Mortgage Investment Trust PLCdividend payment date
ScS Group PLCdividend payment date
Telecom Plus PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Wincanton PLCdividend payment date
Witan Investment Trust PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Nov 2023 09:57

LONDON BROKER RATINGS: Citi and Peel up B&M; JPMorgan cuts 888

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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