UIL (LSE: UTL)

Last close As at 20/11/2024

GBP1.13

0.00 (0.00%)

Market capitalisation

GBP104m

UIL’s objective is to maximise shareholder returns by identifying and investing in investments worldwide where the estimated underlying value is not fully recognised. The company’s investment performance is benchmarked against the broad UK equity market. UIL is a member of the AIC flexible investment sector.

Latest Insights

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UIL in 60 seconds

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UIL — Working towards a 2028 privatisation

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UIL — Announcement of 2028 privatisation plans

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Uncovering Trusts – UIL (UTL)

Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Alastair Moreton

    Company Secretary

  • Charles Jillings

    Fund Manager

  • Duncan Saville

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 10.3 9.2 (3.9)
Relative 13.9 12.7 (11.2)
52 week high/low 132.0p/96.0p

Overview

On 8 October 2024, UIL Limited (UIL) announced plans to take the company private after the redemption of the 2028 zero dividend preference (ZDP) shares. UIL’s board has decided that despite holding a selection of potentially exciting investments, recent disappointing performance has meant that the company no longer has the scale to build up a sufficiently diversified portfolio. Also, given that UIL has a limited free float, there is not enough liquidity in its ordinary shares, and its broad investment mandate is out of favour with investors. Therefore, the company will be taken private and its stock exchange listings cancelled following the redemption of the October 2028 ZDP shares. In the absence of unforeseen circumstances, the annual dividend of 8.0p per share will continue to be paid while UIL remains a listed company.

Research

Review

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UIL — Working towards a 2028 privatisation

Flash note

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UIL — Announcement of 2028 privatisation plans

podcast

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Uncovering Trusts – UIL (UTL)

Update

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UIL — Long-term focus, avoiding short-term noise

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UIL — Investing for long-term value creation

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UIL — Confident in portfolio companies’ strong prospects

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UIL — Strong investee company fundamentals to win out

Review

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UIL — A unique portfolio of undervalued global assets

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UIL — Uncaptured value from discounted assets

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Fund manager interview – UIL

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