Panther Securities Share Discussion Threads

[russman] 31/1/2024 06:22

think they should increase the buyback program.

[russman] 01/12/2023 06:21

Ticking over nicely. Changing use of old Beales freeholds is def the future. High St seems pretty moribund.

[ntv] 26/11/2023 12:45

I see they have rented out part of the former Beales Department store in Peterborough to a furniture retailer
I am guessing that the redevelopment of the site is on hold until the market picks up

[ntv] 27/9/2023 17:26

Nett assets are 661p

[ntv] 27/9/2023 17:24

Looks like it is one of the few property company's to manage to increase nett assets at the interim stage
Full year figure could also be higher due to fall in borrowing costs from the beginning of this month that will save the company circa approx £580k per annum
Maybe they will increase dividend or more buybacks?

[russman] 27/9/2023 17:22

pretty boring, cheap as chips. But will it ever not be so.

[ntv] 30/8/2023 17:47

Looks like the Heybridge site near Maldon is up for rent again
It looks like there is part of it being used currently
Surprised they haven't bee able to plant houses on it but maybe it is designated commercial space

[russman] 28/6/2023 06:18

swaps asset value must be rocketing.

[russman] 06/5/2023 07:20

should have also announced a small share buyback programm, the spread is still too large,

[1tx] 27/4/2023 19:43

Out today,Good figures.Trading at around 60% discount to NAV.Maybe someday the share price will reflect this....We can dream!!

[hybrasil] 19/4/2023 20:18

Presumably results due next week

[ntv] 26/1/2023 11:56

xd today for 10p special

[russman] 16/1/2023 17:43

maybe increase the share buyback programme,

[1tx] 16/1/2023 10:51

The special divi is welcome.The yield as well as the quality of the portfolio seems to be increasing & I think as one or two development properties are sold in the future eg Bedford & Peterborough we may see future special divis.However the spread on the shares means that it not sensible to sell or buy shares presently.As Panther is a small part of my investments it is not a problem.

[russman] 16/1/2023 09:39

seems a steady ship with nice extra divi.

[hybrasil] 16/1/2023 08:32

Well.
The company is confident enough to pay a special dividend.
I confess to the possibility that I might be wrong!

[russman] 06/10/2022 17:26

"In last year's accounts I announced that Simon Peters would be taking over as Chief Executive Officer, but I would continue as Chairman. This will allow me to extend my weekend to include Fridays, which will give me more time for my personal interests."

[russman] 05/10/2022 17:11

Perloff is retiring.

[topvest] 04/10/2022 16:40

I personally think the debt is fine, given the interest rate swaps in place. The swaps are very long though, which is intriguing given Perloff's age.

[hybrasil] 04/10/2022 07:20

An rns that clearly spells out the benefits of hedging your interest rates.

While it’s good news and gives breathing space I still think the debt is too high

[russman] 01/10/2022 04:47

Recruit another MM then; doubt it would help the spread,
Perloff needs to start structuring his legacy.

[hybrasil] 28/9/2022 09:05

topvest
I have loved his ramblings for many years.

[topvest] 22/9/2022 20:31

Personally, I think they are just about OK on gearing, but I wouldn't want to go much higher. The lower bank facility was probably a good thing given where we are in the interest rate cycle. 30% LTV on their prudently valued portfolio appears reasonable given they have interest rate swaps in place providing protection. Not a holder at present, but will probably get back on board soon. The obvious risk here is that Mr Perloff is getting on a bit. Hopefully, he will keep entertaining us for another decade or so!