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MarkSp
Posted: 08 March 2025 10:09:07(UTC)
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people

If you vote on this via a platform note that voting "For" everything on the global voting buttons will vote FOR DISCONTINUATION.

The motion is that the company should be wound up. If you dont want to wind up UKW you need to vote against motion 17
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5 users thanked MarkSp for this post.
Chris Howland on 08/03/2025(UTC), Sheerman on 08/03/2025(UTC), PW2021 on 08/03/2025(UTC), Tim D on 08/03/2025(UTC), L.P. on 09/03/2025(UTC)
Robert D
Posted: 08 March 2025 10:15:15(UTC)
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UKW needs to show it is serious about tackling its 26% discount, a record low, in order to continue. Without such, a discontinuation and winding-up may be in investors' best interests.
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PW2021 on 08/03/2025(UTC)
Johan De Silva
Posted: 08 March 2025 10:16:23(UTC)
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Thanks. I have not received the corporate action yet but will vote in the week...

A 26.12% discount means a gain of +35.37% takeaway any fees, if sold at NAV today. This is 4 years dividends but it could take a while to liquidate it all and so we keep receiving the dividends. That approach is attractive.
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Chris Howland on 08/03/2025(UTC)
PW2021
Posted: 08 March 2025 14:59:24(UTC)
#4

Joined: 07/02/2021(UTC)
Posts: 63
I am no expert on how NAV is arrived at but if UKW disposed of its assets in the coming year or so in the current climate ("Drill baby drill, because climate change is made up by wokists") it's not clear they'd achieve that +35%, right?
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L.P.
Posted: 09 March 2025 08:15:25(UTC)
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Joined: 14/07/2023(UTC)
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PW2021;336942 wrote:
I am no expert on how NAV is arrived at but if UKW disposed of its assets in the coming year or so in the current climate ("Drill baby drill, because climate change is made up by wokists") it's not clear they'd achieve that +35%, right?


Right.
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Johan De Silva
Posted: 09 March 2025 08:32:27(UTC)
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Whatever the price, any proceeds can be re-invested or recycled in other discount opportunities like HICL or in the renewable energy sector. Whatever is best value at the time.
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