Ripley94
01 Jul 2018
LSE:UTG Yes stepped off the escalator and it never dipped below my last sell so too suborn to get back in. Not sure if those who bought in on the rise as i sold have made more then i did after buying 7 years before. they in any case have not have to wait as long.
Maddoxx
30 Jan 2018
Another University Partnership Deal Unite returns to the London market for the first time since 2013 with a University Partnership Deal for a 1000 bed development. The advantage of a partnership agreement is that the financial return is effectively underwritten by the University, in this case Kings College.There is a shortage of accommodation into which Universities can place their first year and foreign students. So a 'nomination' agreement with Unite to allow the Uni to allocate the beds to their students suits both partners.Regards MaddoxApologies for the duplicate - I omitted the header
Maddoxx
30 Jan 2018
Unite returns to the London market for the first time since 2013 with a University Partnership Deal for a 1000 bed development. The advantage of a partnership agreement is that the financial return is effectively underwritten by the University, in this case Kings College.There is a shortage of accommodation into which Universities can place their first year and foreign students. So a 'nomination' agreement with Unite to allow the Uni to allocate the beds to their students suits both partners.Regards Maddox
Maddoxx
09 Jan 2018
Re: Re: Hi Ripley, Well you've stepped off the escalator for a spell but you can always get back on. Unite have a three year pipeline of 7,500 new beds to develop. That's the base investment case which I reckon will deliver ave. c.17% total shareholder return per annum. On top of that they will be looking for more University Partnership deals, like Aston - where they bought the whole campus accommodation or Oxford Brookes - where they are building to-order with a pre-let agreement. They have a number of these under review. With a LTV of less than 32% currently, a new £500m flexible loan facility and their two funds to share the funding with, they have a lot of capacity for more deals.
Ripley94
09 Jan 2018
Re: Re: 16 & 17-06-177 months on hindsight shows i made a mistake taking profit here.And i was reading the ACTA bb .. which advocates momentum / chart / Stan W investing style.Can not call them all right .
Maddoxx
27 Jul 2017
Strong 1H results and dividend up 22% Unite have delivered another strong set of results at the half year, as I flagged below..The EPRA (standard)Net Asset Value per share rose 7.9% year-on-year to 669p per share and EPRA earnings 11.9%.The interim dividend has been raised 22% to 7.3p.I've spotted an article by Josh White on Sharecast 'Unite Group lifts dividend as profits slide' [link] 'slide' is because the property valuations haven't risen as strongly this year than last. So, as this is included in that statutory figures - on a comparative basis profits have fallen. It is due to this distortion that EPRA figures are used to standardize the measures of performance. So Josh ain't wrong but that headline is somewhat misleading.Unite's outlook is positive for the 17/18 academic year with record levels of bookings at 91% reservations - and with the clearing yet to take place. The development pipeline is also looking very strong with 7213 beds through to 2020 (wholly owned) and a further 1407 in USAF (23% owned).Regards Maddox
Jar-Jar Both
27 Jul 2017
Re: Times Article 27.07.17 Yes, sorry, think it should be £2 million, didn't press the pound sign properly! !
TX2
27 Jul 2017
Re: Times Article 27.07.17 Interesting thanks;£32m seems a bit high however.
Jar-Jar Both
27 Jul 2017
Times Article 27.07.17 Cladding Risk at Student HallsThe largest provider of student accomadation may need to close 600 rooms and spend 32 million replacing cladding after the Grenfell Tower fire.Unite, which owns 49,000 beds in 24 cities, said that tests on 132 of its buildings found that six in Bristol, London, Portsmouth and Leeds did not come up to standards.Fire officials concluded that after some alterations the buildings were safe, but a second test was being conducted into the panels.Unite said that if the second test found that the panels needed replacing, it could also result in lost earnings of as much as £1.5 million.
II Editor
14 Jul 2017
NEW ARTICLE: Best property funds of 2017 "Whether investing in physical property or in property shares, diversification is key for this year's winners. Andrew Pitts and Holly Black look at the real estate fund champions.Best physical property fundL&G UK Property 1-year return: 2.4%; ..."[link]
Maddoxx
10 Jul 2017
Positive indication ahead of H1 results Ahead of the half-year results, due on the 26th July, today we have the Quarterly Fund Valuation Report that gives a good early indication of performance. As well as Unite’s wholly owned student digs Unite run a couple of student property funds of which they own a percentage: The two funds are:USAF – Unite own 23% LSAV – Unite own 50% These funds are independently valued for their large financial institution investors, and the good news is that USAF is up 0.9% and LSAF up 0.5% during the quarter. Also, quoted‘Reservations for Unite's portfolio stand at 89% for the coming 2017/18 academic year, compared to 87% at the same time last year, and is supportive of achieving target occupancy of 98% across the portfolio and rental growth of 3.0% - 3.5% for the full year.’So solid progress is likely to be reported on the 26 July with strong demand and the outlook is positive for the full year. I note Mr Market likes the news and has marked the shares up 11p to 651p as I post. Regards Maddox
Ripley94
17 Jun 2017
Re: This must of been first post on this board ( link ) ... but i recall reading the post from PZookes on 10/05/10( over 7 years ago ) I must off read for years before posting . Re EX Charman setting up rival company ( wonder how he got on ) This added to concerns of a bad pick.Recall thinking id made another bo bo here . This indicates to me its not about charts or any over clever stuff but is about time.
Ripley94
16 Jun 2017
Re: Open Offer - A big thank you Third slice and out @ 684. in since April 2010. Its about time.Buy was @ 246 .. rights shortly after @ 231 did not take extra offered . ( J )
Oxtrader
19 May 2017
Re: Increasing Shorts on Unite Good morning,Well observed & good facts. I honestly didn't realise the number of international students nationwide is actually pretty low. I do live in the South East, within a popular Student city. My un-researched opinion was skewed I do agree this is largely a very safe long term hold with good visibility. Another point is I find it that there is alot of Private landlords with Buy-to-let houses in cities for Students. This you could argue is becoming increasingly less popular now with the loss in tax relief & rises in stamp duty. All in Unite's favour.
TX2
12 May 2017
Re: Increasing Shorts on Unite I am a holder of Unite shares.My general opinion is that the present valuation probably fairly represents the attractions of the company; generally there are very few obviously cheap shares around esp in decent companies and Unite is no exception.Shorting shares in the present bull market has left many hedge funds with seriously burnt fingers & unless we see a change in general market sentiment to share valuations this could be the case here.With regard to your observations it is perhaps worth pointing out that the vast majority of Unites rentals are to UK based students with just 6% to Students from rest of EU.Although overseas student application are down by circa 5% this year according to figures published a couple of months ago;it is worth noting that only about two thirds of overseas applicants end up with a place as most courses are over subscribed so it is unlikely there will be many empty places.Currently about 60% of places are block rented to Universities on long term contracts at agreed rentals.This will increase as Unite are increasingly working with Universities,the new 3000 bed complex at Aston Uni being a case in point.Bookings overall are up this year on already high previous levels so we have very high visibility of earnings.Unite is presently not investing in London as it is unable to achieve its minimum initial investment return of 7% so I am not too worried about the risk of declining property values.Obviously there are a number of other quoted & unquoted student accommodation suppliers so we have to watch we do not move from a present shortage to an oversupply situation which could affect rentals but generally I think the prospects of a decent return remain sound.
