UIL Limited (DI) (UTL)

Sector:

Investment Firms

 245.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 282.00p
  • 52 Week Low: 177.00p
  • Currency: UK Pounds
  • Shares Issued: 83.98m
  • Volume: 5,525
  • Market Cap: £205.75m
  • RiskGrade: 122
  • Beta: 0.36

UIL swings to capital returns in latter half of 2016

By Josh White

Date: Tuesday 21 Feb 2017

LONDON (ShareCast) - (ShareCast News) - UIL posted its unaudited statement of results for the six months to 31 December on Tuesday, reporting a revenue return per ordinary share of 2.76p, slipping from 2.91p year-on-year.
The London-listed firm did swing to a capital return per ordinary share of 20.69p, compared to losses of 11.21p a year earlier, with a total return per ordinary share of 23.45p, also swinging from a loss of 8.30p.

Dividends per ordinary share during the period were precisely in line with the prior year at 3.75p, and the company reported an annualised dividend yield of 5.2%, compared to 7.0% at the same time in 2015.

"The overall result was a positive outcome with the investment portfolio gaining £35.0m over the six months," said chairman Peter Burrows.

"However, UIL's FX hedges and derivatives position gave rise to losses of £9.0m, reducing the capital account income gains to £25.2m.

"UIL's NAV rose by over 100.00p to 352.50p in September but fell back to 261.14p as at 31 December 2016."

On 31 October, Burrows said UIL redeemed all the outstanding 2016 ZDP shares, and it was continuing to sell the remaining 2020 and 2022 ZDP shares it held in the market.

"Over the six months UIL bought back 0.4m shares.

"However, UIL will not buy back any further shares until the Scotiabank bridge facility is repaid."

The profit on the revenue account in the half year was £2.5m, down from £2.7m, Burrows confirmed.

"The divergence of the world's major economies will inevitably lead to higher market volatility and more price movements.

"Add to that significant changes in trading relationships and rising populism and we can expect continuing volatility."

Burrows said, while the world's GDP continued to be positive and may even improve, the board noted the world's debt levels were continuing to rise.

"The next six months will be challenging. UIL's stock selection focus and portfolio mix should enable UIL and its platforms to identify niche growth investment opportunities."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

UTL Market Data

Currency UK Pounds
Share Price 245.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 282.00p
52 Week Low 177.00p
Volume 5,525
Shares Issued 83.98m
Market Cap £205.75m
Beta 0.36
RiskGrade 122

UTL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.65% below the market average13.65% below the market average13.65% below the market average13.65% below the market average13.65% below the market average
31.33% above the sector average31.33% above the sector average31.33% above the sector average31.33% above the sector average31.33% above the sector average
Price Trend
4.55% above the market average4.55% above the market average4.55% above the market average4.55% above the market average4.55% above the market average
12.09% below the sector average12.09% below the sector average12.09% below the sector average12.09% below the sector average12.09% below the sector average
Income Not Available
Growth
39.70% above the market average39.70% above the market average39.70% above the market average39.70% above the market average39.70% above the market average
65.43% above the sector average65.43% above the sector average65.43% above the sector average65.43% above the sector average65.43% above the sector average

UTL Dividends

  Latest Previous
  1st Interim Q4
Ex-Div 02-Dec-21 02-Sep-21
Paid 23-Dec-21 30-Sep-21
Amount 2.00p 2.00p

Trades for 02-Dec-2021

Time Volume / Share Price
16:11 2,155 @ 240.00p
15:51 1,685 @ 240.00p
15:51 1,685 @ 240.00p

UTL Key Personnel

Chair Peter Burrows

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