focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUtil Regulatory News (UTL)

Share Price Information for Util (UTL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 104.50
Bid: 101.00
Ask: 108.00
Change: 2.00 (1.94%)
Spread: 7.00 (6.931%)
Open: 103.00
High: 105.00
Low: 105.00
Prev. Close: 103.00
UTL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Publication of monthly factsheet

11 Jan 2023 12:18

RNS Number : 4235M
UIL Limited
11 January 2023
 

11 January 2023

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Publication of monthly factsheet

 

The latest monthly factsheet for UIL Limited ("UIL" or the "Company") will shortly be available through the Company's website at:

https://www.uil.limited/investor-relations/factsheet-archive

 

Monthly commentary

 

PERFORMANCE

UIL's NAV total return was up 2.5% for the month, outperforming the FTSE All Share Index which declined by 1.4% over the same period.

 

Global markets in December were generally weaker, with the Federal Reserve raising rates by 50bps to 4.5% and the committee giving a somewhat unexpected hawkish outlook indicating continued monetary tightening throughout 2023. The European Central Bank, Bank of England, Royal Bank of Australia and Bank of Canada also raised rates in December. A mild start to the winter in Europe eased concerns over potential natural gas shortages and fuel prices generally weakened, which, if sustainable, should help ease inflationary pressures in the coming months.

 

China suddenly and surprisingly dropped its zero Covid policy, anecdotally triggering a large wave of Covid infections although this was not reflected in official figures. As the Chinese economy reopens, commodity prices should recover despite recessionary fears elsewhere. In Brazil, there was some volatility as investors digested what the new Lula administration might look like.

 

Developed markets were generally weak, with the S&P 500 declining by 5.9% during December, the Eurostoxx down 4.3%, the ASX-200 was down by 3.4% and the FTSE 100 declined by 1.6%. Many of the emerging markets' indices also declined with the Brazilian Bovespa down by 2.4%, The Indian Sensex down by 3.6%, the Mexican IPC down by 6.2% and the Vietnam Ho Chi Minh down by 3.9%, In Hong Kong, the Hang Seng Index advanced by 6.4% although the Shanghai Composite was weaker by 2.0% for December.

 

The US Dollar continued to weaken, losing 1.0% of its value against Sterling and the Euro continued its recovery, gaining 2.6% against Sterling. The Australian Dollar rose 0.3% against Sterling.

 

Commodities were firmer with Brent Crude oil up slightly by 0.6% for the month. Gold continued its rally, gaining a further 3.1% to USD 1,840.02/oz, its highest price since June 2022, in part reflecting the weaker US Dollar. The price of copper advanced by 2.2% in December.

 

PORTFOLIO

There was one change to the top ten constituents of UIL's portfolio in December, with AssetCo replacing Resolute Mining, following a reduction in UIL's shareholding in Resolute.

Resimac's share price continued to recover, gaining 4.1% during the month and positively impacting the NAV of Somers, which rose by 5.8% in December. The total return on the UEM holding was 1.5%, Panoramic Resources added a further 2.9% to its share price and AssetCo advanced by 4.7%. The share price of The Market Herald declined by 3.6% during December and the share price of Zeta Resources was unchanged.

 

DEBT

During December, bank borrowings in Sterling continued to be maintained at £50.0m.

 

There was no currency hedge activity during the month and no open positions at the end of December.

 

ZDP SHARES

The share prices of the 2024, 2026 and 2028 ZDP shares all increased. The 2024 ZDP shares increased to 125.00p, up 0.8%, the 2026 ZDP shares were up 0.9% to 114.50p and the 2028 ZDP shares were up 0.5% to 95.50p. The yields to redemption on the ZDP shares at the end of December were 5.8% for the 2024 ZDP shares, 7.6% for the 2026 ZDP shares and 8.3% for the 2028 ZDP shares.

 

OTHER

UIL's ordinary share price decreased by 4.8% to 160.00p in December whilst the discount to NAV increased to 33.2% from 28.7%.

 

UIL paid its first quarterly interim dividend of 2.00p per ordinary share in respect of the year ending 30 June 2023 on 22 December 2022 to shareholders on the register on 2 December 2022.

 

 

Name of contact and telephone number for enquiries:

 

Charles Jillings

ICM Investment Management Limited +44(0)1372 271486

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DOCSFLFEFEDSEFF
Date   Source Headline
15th May 20244:31 pmRNSPublication of monthly factsheet
15th May 202412:11 pmRNSNet Asset Value(s)
14th May 202411:23 amRNSNet Asset Value(s)
13th May 202412:26 pmRNSNet Asset Value(s)
10th May 202412:23 pmRNSNet Asset Value(s)
9th May 202412:16 pmRNSNet Asset Value(s)
8th May 202412:23 pmRNSNet Asset Value(s)
8th May 202412:18 pmRNSQ2 2023/24 dividend - revised payment date
7th May 202411:46 amRNSNet Asset Value(s)
3rd May 202412:30 pmRNSNet Asset Value(s)
2nd May 202412:01 pmRNSNet Asset Value(s)
1st May 202411:52 amRNSNet Asset Value(s)
30th Apr 202412:17 pmRNSNet Asset Value(s)
29th Apr 202411:44 amRNSNet Asset Value(s)
26th Apr 202412:11 pmRNSNet Asset Value(s)
25th Apr 202412:17 pmRNSNet Asset Value(s)
24th Apr 202412:03 pmRNSNet Asset Value(s)
23rd Apr 202411:18 amRNSNet Asset Value(s)
22nd Apr 202411:22 amRNSNet Asset Value(s)
19th Apr 202411:34 amRNSNet Asset Value(s)
18th Apr 202411:04 amRNSNet Asset Value(s)
17th Apr 202411:40 amRNSNet Asset Value(s)
16th Apr 202411:27 amRNSNet Asset Value(s)
15th Apr 202412:18 pmRNSNet Asset Value(s)
12th Apr 20241:40 pmRNSPublication of monthly factsheet
12th Apr 202412:27 pmRNSNet Asset Value(s)
11th Apr 202412:20 pmRNSNet Asset Value(s)
10th Apr 202412:49 pmRNSNet Asset Value(s)
9th Apr 202412:01 pmRNSNet Asset Value(s)
8th Apr 202412:16 pmRNSNet Asset Value(s)
5th Apr 202412:37 pmRNSNet Asset Value(s)
4th Apr 202412:23 pmRNSNet Asset Value(s)
3rd Apr 202412:35 pmRNSNet Asset Value(s)
2nd Apr 20241:44 pmRNSNet Asset Value(s)
2nd Apr 202411:06 amRNSDirector/PDMR Shareholding - Shillson
2nd Apr 202411:06 amRNSDirector/PDMR Shareholding - Hill
2nd Apr 202411:05 amRNSDirector/PDMR Shareholding - Bridges
28th Mar 202412:45 pmRNSNet Asset Value(s)
27th Mar 202412:58 pmRNSNet Asset Value(s)
26th Mar 202412:05 pmRNSNet Asset Value(s)
25th Mar 202412:06 pmRNSNet Asset Value(s)
22nd Mar 202412:52 pmRNSNet Asset Value(s)
21st Mar 202412:47 pmRNSNet Asset Value(s)
20th Mar 202412:41 pmRNSNet Asset Value(s)
19th Mar 20243:03 pmRNSHolding(s) in Company - UIL Limited
19th Mar 202412:26 pmRNSNet Asset Value(s)
18th Mar 202412:34 pmRNSNet Asset Value(s)
15th Mar 202412:25 pmRNSNet Asset Value(s)
14th Mar 202412:19 pmRNSNet Asset Value(s)
13th Mar 202412:15 pmRNSNet Asset Value(s)

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.