Utilico Emerging Markets Live Discussion

devonplay 14 Jun 2019

Annual financial report for the period to 31 march 2019 “SHARE BUYBACKS UEM’s share price discount narrowed from 14.2% as at 31 March 2018 to 13.6% as at 30 September 2018, and narrowed further to 12.8% as at 31 March 2019, although it remains above levels the Board would wish to see. The Investment Managers have con4nued buying back UEM’s shares for cancella4on with 4.7m shares bought back in the period to 31 March 2019, at an average price of 201.02p. While the Board would like to see the discount narrow even more, any share buy back remains an investment decision. Tradi4onally the Investment Managers have bought back shares if the discount widens to over 10.0%. Since incep4on, the Company has bought back 47.5m ordinary shares totalling £80.9m. The buybacks now represent more than the ini4al capitalisa4on of UEM Bermuda when it came to market in July 2005.”

devonplay 14 Jun 2019

Annual financial report for the period to 31 march 2019 Highlights of results · Net asset value (“NAV”) total return per share of 3.5%* · NAV of 249.84p per share, up 1.1%* · Revenue earnings per share (“EPS”) of 7.47p · Dividends per share totalled 7.20p for the period, an increase of 2.9%. Dividends were fully covered by earnings · Total revenue income of £21.4m, in line with expectations · Gross assets of £581.9m, an increase of 0.4% DL

devonplay 14 Jun 2018

Annual Fiancial Report Utlico Emerging Markets Limited Statement of Results for the year to 31 March 2018 · Net asset value (“NAV”) total return per ordinary share of 6.6% · NAV of 247.22p per ordinary share, up 2.5% · Revenue earnings (diluted) per ordinary share of 9.04p, up 17.4% · Dividends per ordinary share increased to 7.00p, up 5.3% NOTABLE DEVELOPMENTS · Ongoing charges reduced to 1.0%, of average net assets (no performance fee) · Subscripton shares raised net proceeds of £51.6m · Invested £187.1m and realised £198.6 · Bank debt repaid in full DL

Oenos 22 Feb 2018

RNS: Dividend Declaration Q3 2017-18 ( from ft.com )RNS Number : 0981EUtilico Emerging Markets Limited06 February 2018The Board of Utilico Emerging Markets Limited has declared a third quarterly interim dividend of 1.80p per ordinary share in respect of the year ending 31 March 2018, which will be paid on 1 March 2018 to shareholders on the register on 16 February 2018. The ex-dividend date will be 15 February 2018.Been expecting this announcement for the last week. Not sure how it slipped through without iii noticing.Mike

Kristobelle 12 Feb 2018

Re: Worrying drop today The discount to NAV means the amount the shares held in the trust are worth minus the actual value of the trust fund. I expect you knew that though.What is interesting is that there are a number of warrants due to be exercised (or not) at the end of the month. Any that are not exercised will be sold into the market thereby potentially lowering the price. This may be the reason for the widening discount. However, the effect should only be temporary and the discount should narrow again in a month or two afterwards.

II Editor 12 Feb 2018

NEW ARTICLE: Stockmarket sell-off: Where to hide, where to find bargains "The stockmarket rout gathered pace late last week, with US, European and Asian markets posting sharp declines. The million-dollar question, as with every market sell-off, is whether the declines will prove to be a short-term blip or the start of ..."[link]

Uncle Doug 16 Sep 2017

Worrying drop today Worrying, dropped to lowest for this year levels 215p today. That's after knocking on 225p FIVE (yes 5) times this year. Why? I notice discount to NAV (whatever that actually means) has jumped to 14%. Holding for now but I will add some more if it gets to 210p.

II Editor 31 Aug 2017

NEW ARTICLE: Bargain hunter: Terry Smith trust slips to rare discount "Terry Smith's emerging market trust's performance has lagged rivals since launch - but those buying today can pick up shares on the cheap.These are still early days, but just over three years since launch, Smith's emerging market trust has not so ..."[link]

devonplay 12 Jul 2017

Re: Fine set of Results I believe you are correct.DL

bobsmydog 12 Jul 2017

Re: Fine set of Results I think I read they do share buy backs to keep discount to10 or below

percentagegain 19 Jun 2017

Re: Fine set of Results Current discount according to the AIC website is 10.3%.I topped up on these on Friday. Very glad I did now.

devonplay 19 Jun 2017

Fine set of Results Fine set of results from UEM.I'm just setting up an indicator - if the discount is greater than 12% - I'm adding.DL

PIE-EATER 06 Jun 2017

Re: Quiet here innit? DougYou could always go back to that "Old Munter" as you called it which is beating this fund over 1,3 and 6 months and 1,3 and 5 years.......!i.e. pretty consistently! Woof Woof!

musker ron 07 Mar 2017

Re: Quiet here innit? Why?

Uncle Doug 06 Mar 2017

Quiet here innit? 212p today - thinking of selling out.