http://www.unitechcorporateparks.com/



UCP an Indian Real estate play has been beaten down over the last 12 months from a high of 120p+ to todays price of 6p.

Shorts have been opened with in excess of 20% of its stock on loan at the end of November, down from 21% at the end of October, so they are starting to close their positions and take profits.

The real gem in this stock is the NAV of 172p, Oh and the company is profitable as well.

Recent results from HRCO the Indian residential play show demand is still strong and the market have totally mis-priced these stocks, HRCO surged on its results day.

UCP is due to release its results on Friday and could well multi-bag giving everyone an earlier Xmas present.

Volume this past week is extremely high as the shorters close and one of the US funds is liquidating its holding, once the overhang is gone we could see blue skies on continued buying.

put on your monitor at the very least.

From the results in July 2008:-

Highlights:
* Total market value of portfolio increased 75.3% to 969.5 million compared to
553.0 million as at 31 March 2007 (481.5 million
at Admission in December 2006).

* UCP's 60% ownership of these projects is therefore valued at 581.7 million,
compared to 331.8 million as at 31 March 2007 and
288.9 million at the time of Admission, an increase of 75.3% and 101.3% respectively.

* Valuation increases achieved due to good progress on developments, achieving rents
above budget, completion of construction phases
and the successful letting of properties.

* Adjusted NAV* per share grew 44.9% to 1.7408 (1.2012 per share as at 31 March
2007).

* NAV per share was 1.3759 compared to 1.0184 per share at 31 March 2007 and
0.9626 per share at the time of Admission,
representing a rise of 35.1% and 42.9% respectively.

* Earnings per share were 0.19 pence for the year compared to loss per share of 0.01
pence per share for the period ended 31 March
2007.

* Balance sheet remains strong with 83.2 million of cash (2007: 110.2 million).

why the massive fall from 40p to 3.6p..?

no clear reason other than shorters driving it down I guess.

Once in a while these nuggets are discovered, the board of HRCO are looking to raise the sp nearer their NAV.

The directors here will do the same IMHO, 6p to 170p is a large gap to fill.

As you can see the market cap. is represented by the cash alone and rents are coming into the coffers now.

500M of property is thrown in for free.

Thanks I will take a look Thurs.

looks set for another run now.

need to be quick to be in this.

nice rise.

will it get any higher/lower today.

bit of profit taking pulled it back at the end, but vast majority of trades were buys today.

results and w/e newspaper tips should propel this further.

sp just starting to break through lower trend lines so still plenty of legs left in this yet.

very active last 20 mins today!!

instituition RNS after the bell, an increased holding of 2million!!

http://www.advfn.com/p.php?pid=nmona&article=34661980&epic=UCP

heavy volumes again and with new buy notes coming out we could see a retrace to the 20p level.

HSBC adding.

The stock squeeze has started, still 70m shares out on loan with a city presentation next week!!!!

2 more funds buying in this week.

looking set to pop, still a massive short position open and share buybacks yet to start.

Anyone still holding ..?

With Nectrus buyback happening to reach up to it's NAV, this is seriously going to multi-bag. Other boards are going crazy over this...still a strong buy at 22p...whilst you can get it.