Maddoxx
05 Oct 2015
The stars are aligned for Unite Despite the share price volatility we're experiencing Unite is progressing extremely well as confirmed by their fund valuations announced today: 'At 30 September 2015, USAF's property portfolio was independently valued at £2,017 million representing a like for like increase of 2.1% during the quarter (11.1% in the nine months to 30 September). The portfolio comprises 26,813 beds in 75 properties across 24 University towns and cities in the UK. LSAV's investment portfolio was independently valued at £720 million, up 2.3% on a like-for-like basis in the quarter (14.8% in the nine months to 30 September). Following the practical completion of the 759 bed Angel Lane development in Stratford in August, LSAV's investment portfolio now comprises 4,636 beds across 12 properties in London and three properties in Edinburgh. The increase in valuations is driven primarily by rental growth and eight basis points of yield compression in both USAF and LSAV on a like-for-like basis in the quarter (54 and 69 basis points respectively in the nine months to September). The overall USAF portfolio is now valued at an average yield of 5.8% and LSAV's portfolio at 5.1%.' ....and the letting demand remains extremely robust: 'The lettings cycle for the 2015/16 academic year is now largely complete. Unite's total portfolio of over 46,000 beds has achieved strong occupancy levels, with 99% of bed spaces let delivering rental growth of 3.8%.' This last piece of news obviously bodes well for the rest of the year. Place this organic growth on top of the further developments and acquisitions and the stars appear to be very much aligned for Unite. Regards, Maddox
Maddoxx
27 Aug 2015
Re: Unite's China fall-out?!?! Further to my above post, low interest rates are good for Unite – and it is highly unlikely the UK would lead the US in raising rates. So the news that in response to the market turbulence Bill Dudley, the president of the New York Federal Reserve, made it pretty clear that the Fed will not be putting up rate rise soon has got to be positive. As they say 'Every cloud…. Regards, Maddox
Maddoxx
25 Aug 2015
Unite's China fall-out?!?! Hi Guys, I'm intrigued that Unite hasn't yet started its recovery back up to c.700p. Whilst I appreciate that Mr Market has a tendency to mark down shares that have recently made big gains - this is particularly perverse in Unite's case. Firstly, Unite is an extremely defensive investment in the nature of its business model, market and conservative capital structure. Secondly, it is very difficult to see any adverse consequences for Unite from the China fall-out, quite the reverse. This market turbulence is likely to further postpone the envisaged rise in interest rates - that's good news for Unite. Also, there is probably an even greater incentive to park ones off-spring in the UK for their education than there was before. It'll probably take a little while for Mr Market to take these points on-board but I expect he'll get there.Regards, Maddox
oldjoe1
07 Aug 2015
UTG Broker ADD Reco........ UTG UNITE GROUP PLC.....<b>UNITE Group plc Given Add Rating at Numis Securities Ltd (UTG)August 6th, 2015</b>Numis Securities Ltd re-affirmed their include evaluation on shares of UNITE Group plc (LON:UTG) in a resaerch note released onWednesday, MarketBeat Scores reports. The broker currently has a GBX 710 ($11.09) price target on the stock. !In other UNITE Group plc news, insider Allan,Mark sold 12,000 shares of the business’s stock in a trade on Thursday, June 25th. The shares were offered at an average price of GBX 5.85 ($0.09), for a whole trade of GBP702 ($1,096.53).Several other research analysts have issued reports on UTG. Finally, Jefferies Group reiterated a buy rating and set a GBX 610 ($9.53) price target on shares of UNITE Group plc in a investigation notice on Monday, July 20th. The stock has been rated by two investment analysts with a hold rating and a buy rating has been imputed by three to the stock. The stock has an average rating of Purchase and an average cost target of GBX 678.60 ($10.60).UNITE Group plc (LON:UTG) opened at 654.50 on Wednesday. UNITE Group plc has a-12 month low of GBX 395.60 and a 12 month high of GBX 658.16. The business ‘s 50-day moving typical price is GBX 606.67 and its 200-day moving average price is GBX 577.57.The company also recently announced a dividend, which will be distributed on Friday, November 6th. Stockholders of record on Thursday, October 8th will be compensated a GBX 5.50 ($0.09) dividend. The ex-dividend date is Thursday, October 8th. This represents a dividend yield of 0.84%. !The properties of the Company’s provide accommodation close to University campuses, transportation and nearby facilities. It operates under two sections: Property and Businesses. The Businesses segment manages rental properties, owned directly by the Business or by joint ventures. The Property segment of the Company’s undertakes improvement and the acquisition of qualities. It runs across the UK in 25 cities. Its services include Wireless Lan, utilities, insurance, maintenance, round-the-clock security and fortnightly specialist cleaning of communal areas. It operates a small number of specialist funds and joint ventures with investment partners and has also invested in.
JerseyBob
07 Aug 2015
Re: Property Portfolio assets jump in va... Hi SeadocThanks for the welcome and the suggestions.Income is nice to have alongside some capital growth and I felt that UTG would provide both. So far so good.I have stayed away from the oilies and banks during the last 12 months and have concentrated on builders and tobacco, both of which have done pretty well. Latest news on UK interest rates is helpful and the cricket is amazing. Happy days!CheersBob
Maddoxx
05 Aug 2015
Excellent results and 150% div increase It was clear to me that these results would be good, but these exceed my expectations, these are excellent. The headlines:'EPRA earnings up 45% to £29.6 million (30 June 2014: £20.4 million)EPRA earnings per share up 30% to 14.2 pence (30 June 2014: 10.9 pence)EPRA NAV per share up 20% to 521 pence (31 December 2014: 434 pence) equating together with dividends paid to a total return on opening EPRA NAV per share of 22.1% (30 June 2014: 6.1%)On track to achieve like-for-like rental growth of 3.5% to 4.0% for the full year, up from 3.3% for 2014Average portfolio yield compressed by 47 bps in the first six months to 5.8% (31 December 2014: 6.3%) and further compression expected over next 18 monthsInterim dividend increased by 150% to 5.5 pence per share (2014 interim: 2.2 pence). Policy remains to distribute 65% of full-year recurring EPRA earnings by way of dividend each year.'I am particularly pleased to see the transformation towards income generation as the business matures.Regards, Maddox
seadoc
04 Aug 2015
Re: Property Portfolio assets jump in va... Welcome Bob, If you like UTG, need income and think inflation will remain under 5% for next 5yrs then also look at UTG1. You have probably seen my post of 1/6/15. You may also like to look over ESP, similar business plan, still raising funds so yield a little better but it worries me that the pool of suitable student property and indeed of well heeled students may both be getting a bit shallow around the edges.Regards,Seadoc
Maddoxx
24 Jul 2015
Re: Property Portfolio assets jump in va... Hi Bob,Welcome aboard. The stars are aligned for Unite which is what influences my view - so I'm looking forward to the results. The only concern I have is that this sector is now hot with lots of FIs looking to enter it - so any perceived failure to meet expectations will hit the share price in the short term. I take a longer term view and on that basis I'm still fully invested. Regards Maddox
JerseyBob
21 Jul 2015
Re: Property Portfolio assets jump in value Hi MaddoxxYour confident and informative postings have inspired me to take another look at UTG.Last looked about a year ago when they were just over 400. A dividend seeker, I decided not to buy at that time unfortunately.However, I have now belatedly decided to join the party in the hope of some good figures on 5th August and perhaps a growing dividend to come.CheersBob
Maddoxx
13 Jul 2015
Property Portfolio assets jump in value The expected re-rating of Unite's assets has shown-up in impressive first-half portfolio revaluations."Joe Lister, Unite Students Chief Financial Officer, commented: "The demand for high-quality, well-located student accommodation, together with rental growth, has resulted in an 8.5% and 12.5% like-for-like increase in the values of the USAF and LSAV property portfolios respectively during the first half of the year. The yield compression has been supported by a strong operational performance with reservations already at 86% for the forthcoming academic year."This effect should be further magnified when reflected in the NAV as the gross asset inflates but the debt remains unchanged. So, the H1 headline figs to be reported on the 5th August should make for some excellent headlines.Regards Maddox
seadoc
01 Jun 2015
Re: Unite property funds qtrly rise 4.3%... Thanks Maddoxx,Quite agree with your views about security/income/volatility. I confirm that I was looking for views rather than advice, and have to confess that I am probably too big headed to have been looking for advice! This afternoon I had settled on the sofa with a few beers to watch the cricket at Headingley. When it started to rain I turned on the computer to look at the weather radar. Boredom and the need for bit of fun led me to an answer my own question, I set up a minispread sheet, starting UTG1 at £108, yielding £6.125 per year and redeemed at par (£100) in June 2020 (final return £136.75) against UTG yielding 1.8% with both yield and sp increasing in line with inflation. The results surprised me:Inflation UTG1% £115.612% £121.453% £127.524% £133.835 % £140.39Or in round numbers if inflation averages 4% or less over next 5 years buy UTG1 but if you think it will reach 5% or more then buy UTG. Not where I would intuitively have put the watershed, esp as I would be paying £108 for something for which I know I will only receive £100 at the end of the five years.And no, I have not sold any UTG but if I felt inclined to increase my investment in Unite today I think I would buy bonds rather than ordinary shares.But Monday at Lord's was fantastic!Regards,Seadoc
oldjoe1
22 May 2015
UTG Positive Broker Comment..... <b>UNITE Group plc’s “Add” Rating Reiterated at Numis Securities Ltd (UTG)May 21st, 2015 - 0 comments - Filed Under - by Thomas Dobrow</b>Numis Securities Ltd reissued their add rating on shares of UNITE Group plc (LON:UTG) in a research note released on Tuesday morning. They currently have a GBX 657 ($10.34) target price on the stock.UNITE Group plc (LON:UTG) opened at 620.00 on Tuesday. UNITE Group plc has a 1-year low of GBX 388.30 and a 1-year high of GBX 626.00. The stock’s 50-day moving average is GBX 594. and its 200-day moving average is GBX 519.. The company’s market cap is £1.25 billion.A number of other analysts have also recently weighed in on UTG. Analysts at Jefferies Group reiterated a buy rating and set a GBX 610 ($9.60) price target on shares of UNITE Group plc in a research note on Monday, April 27th. Analysts at JPMorgan Chase & Co. raised their price target on shares of UNITE Group plc from GBX 610 ($9.60) to GBX 700 ($11.01) and gave the company an overweight rating in a research note on Wednesday, April 22nd. Analysts at Stifel Nicolaus reiterated a buy rating and set a GBX 593 ($9.33) price target on shares of UNITE Group plc in a research note on Tuesday, March 24th. Finally, analysts at Oriel Securities Ltd reiterated an add rating on shares of UNITE Group plc in a research note on Wednesday, February 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 640 ($10.07).The Unite Group plc is a United Kingdom-based Company. The Company is engaged in the development and management of student residential accommodation in the United Kingdom. The Company acts as co-investing manager of four specialist student accommodation vehicles that the company has established, as outlined in the table overleaf.
oldjoe1
18 May 2015
UTG Chart Breakout. UTG Unite Group Student AccomadationLovely breakout on the chart. Buy Volume greater than sell volume. Decent broker backing. Forward P/E undemanding. Looks cheap.[link]
Maddoxx
15 May 2015
Re: Unite property funds qtrly rise 4.3%... Hi seadoc,I'm not qualified to advise you; and your own circumstances will have a bearing on what is best for you. For myself, I opt for equity as I'm looking for hopefully rising dividends over time and I'm not too concerned about share price volatility. If you need a higher income and like the better security a bond usually offers then that might be a better choice, but as always you need to do your own research and make your own choice.Cheers Maddox
seadoc
08 Apr 2015
Re: Unite property funds qtrly rise 4.3% and... Maddox,The yield on UTG is now under 2%, I have a significant capital gain. The yield on UTG1 is still over 6% and I guess repayment in 5 yrs is much more secure. I think UTG1 looks the better bet. I was more or less 50/50 but now by valuation 62/38 yet the yield is almost the opposite, 35/65 in favour of UTG1. I might be moving a bit from UTG to UTG1. Any views?Regards,Seadoc
