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UK Mortgages Ltd (UKML) Ordinary 1p

Sell:70.40p Buy:71.00p 0 Change: 0.50p (0.70%)
Market closed |  Prices as at close on 23 July 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

UK Mortgages Ltd Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Jun 2021)

What is happening?
 
UK Mortgages Ltd wants to return up to £20 million to Shareholders. To do this the Company is offering to buy up to 13% of its Shares at a price of 75p per Share.
 
You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 13% of your holding. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The easiest way to tender Shares is online, and the deadline to give an instruction is noon on Friday 18 June 2021.
 
What are my options?
 
Option 1 – Tender a number of Shares.


Ask to sell some or all of your Shares at 75p per share. You’ll receive cash from Shares successfully sold on 29 June 2021, any Shares not successfully sold will be returned to your Account around the same time.
 
Option 2 – Take no action.

 

Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.
 
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:70.40p
Buy:71.00p
Change: 0.50p (0.70%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 23 July 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

UK Mortgages Ltd Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Jun 2021)

What is happening?
 
UK Mortgages Ltd wants to return up to £20 million to Shareholders. To do this the Company is offering to buy up to 13% of its Shares at a price of 75p per Share.
 
You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 13% of your holding. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The easiest way to tender Shares is online, and the deadline to give an instruction is noon on Friday 18 June 2021.
 
What are my options?
 
Option 1 – Tender a number of Shares.


Ask to sell some or all of your Shares at 75p per share. You’ll receive cash from Shares successfully sold on 29 June 2021, any Shares not successfully sold will be returned to your Account around the same time.
 
Option 2 – Take no action.

 

Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.
 
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Sell:70.40p
Buy:71.00p
Change: 0.50p (0.70%)
Market closed |  Prices as at close on 23 July 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

UK Mortgages Ltd Ordinary 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Jun 2021)

What is happening?
 
UK Mortgages Ltd wants to return up to £20 million to Shareholders. To do this the Company is offering to buy up to 13% of its Shares at a price of 75p per Share.
 
You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 13% of your holding. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The easiest way to tender Shares is online, and the deadline to give an instruction is noon on Friday 18 June 2021.
 
What are my options?
 
Option 1 – Tender a number of Shares.


Ask to sell some or all of your Shares at 75p per share. You’ll receive cash from Shares successfully sold on 29 June 2021, any Shares not successfully sold will be returned to your Account around the same time.
 
Option 2 – Take no action.

 

Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.
 
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
70.40p
Trade high:
70.93p
Year high:
75.50p
Estimated NAV:
79.90
Previous close:
71.20p
Trade low:
70.40p
Year low:
60.00p
Premium/Discount:
-10.89%
Previous:
0.20p (0.28%) Previous:
0.20p
Volume:
35,625
Dividend yield:
8.52%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
UK MORTGAGES performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

UK MORTGAGES performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: FTSE All Share TR GBP
Annual management charge: 0.6% of Net Assets
Performance fee: No
Ongoing charge: 2.87%
Dividend yield: 8.52%
Dividend frequency: Quarterly
Total assets: £1,596m
Gross gearing: 1117%
Market capitalisation:Market cap.: £127m
Shares in issue: 178.80 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00BXDZMK63

Recent dividends paid or declared by UK Mortgages Ltd:

Type Ex-div date Payment date Amount
4th interim * 15/07/2021 30/07/2021 1.125p
3rd interim 22/04/2021 07/05/2021 1.125p
2nd interim 21/01/2021 05/02/2021 1.125p
1st interim 15/10/2020 30/10/2020 1.125p

* Dividend has not yet been paid but has been declared by UK Mortgages Ltd.

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual UK Mortgages Ltd dividends:

Financial
year end		 Dividend
yield		 Dividend
cover		 Total dividend
paid
30/06/2020 9.10% 0.51 4.50p
30/06/2019 7.60% 0.46 5.63p
30/06/2018 6.90% 0.38 6.00p
30/06/2017 6.20% 0.07 6.00p
30/06/2016 3.10% -0.57 3.00p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The investment policy of Company is to invest in a diversified portfolio of UK residential mortgages. • The Company will purchase legacy portfolios with strong observable performance histories or new portfolios with robust underwriting standards; • Primary origination mechanism may also be put in place; • Leverage will be used, initially via a banking facility, before fully securitized term structure put in place.

NET ASSET VALUE (NAV)

Estimated NAV: 79.90
Latest actual NAV: 79.66
Latest actual NAV date: 30 April 2021
Premium/Discount: -10.89%
12m average Premium/Discount: -17.20%
NAV frequency: Monthly

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 7 July 2015
Financial year end: June
Next AGM: December 2021

Annual & interim reports

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.