Spec Inves Prop Share Discussion Threads

[evil_doctor_facilier] 04/8/2017 09:19

Well time and fate did not take long to proof up the good Doc's predictions i posted here many months ago here did it Hedgehog?
Clearly the company set out in that RNS exactly what i was predicting, i.e. that their wage bill and admin costs being more than the revenue generated.
BTW/ Any particular reason why you have stopped posting on here since that RNS?
This remains for anyone who did not take up my previous advice at a lot higher shareprice a stone cold sell!

RNS Number : 2960G

Specialist Investment PropertiesPLC

26 May 2017

revenue 174 k
admin expense 229k
Loss 55k

The Group's balance sheet shows net assets of GBP2.2m, including GBP6.2m gross value of investment properties, GBP0.4m of cash and GBP4.3m of borrowings.
As a suitable fundraising was not possible, the Board is now considering the best options to realise value in the Group which may include seeking shareholder approval for the cancellation of the Company's ordinary shares from trading on AIM


evil_doctor_facilier="">1 Feb '16 - 17:11 - 1042 of 1060
"How is this new investment strategy ever going to make shareholders any cash? it is so small scale that surely once you have yet again paid the fee's to Shore, the wages to the two board members and then the plc running costs, what rate of return would be needed to have a crumb left over for shareholders?
40-50%??? who are theses guys warren buffet on drugs?


Let's looks at last years admin costs alone of 144k, that right there is 7.5% of any gain of the properties investment gone before you start. That is before the fee's paid to Shore for managing the properties.

It's a stone cold avoid at all costs, the business will never generate enough % to cover all the above costs with just 2 million to invest in property."

[1mb] 11/5/2017 16:25

Can anyone suggest a SIPP provider that will trade on britdaq?
Thanks in advance

[hedgehog 100] 17/9/2016 16:30

SIPP has just announced two major acquisitions, and has now implemented its Investing Policy, though there should be lots more to come.

It's share price has held steady at 20p, the level of its fundraising early this year.


15/09/2016 14:36 UKREG Specialist Investment PropertiesPLC Acquisition of Property

"The Company is pleased to announce a further property acquisition in Fazeley, Staffordshire, comprising 12 one bedroom flats providing supported living accommodation for adults with learning difficulties (the "Property"). This will be the Company's third acquisition in the supported living sector and the eighth acquisition overall since it began implementing its new investment policy in March 2016.

SL Boathouse Limited, a subsidiary of SIPP, has exchanged on the Property which is to be leased to Inclusion Housing Community Interest Company ("Inclusion Housing") on a 25-year inflation linked, full repair and insuring lease. Completion is due to occur on or around 26 September 2016.

Inclusion Housing is an established housing association responsible for providing accommodation for adults with learning difficulties. Midway Care Group will be the care operator for the Property and will enter into an agreement with Inclusion Housing to underwrite any rental voids in the first five years of the lease.

The consideration for the acquisition is GBP1,250,000 with SIPP funding GBP521,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited. The gross initial rent per annum will be GBP115,000. The Property is being purchased from Midcroft Care Limited, of which 50 per cent. is owned by Midway Care Group."




15/09/2016 17:02 UKREG Specialist Investment PropertiesPLC Acquisition of Property

"The Company is pleased to announce that it has exchanged contracts to acquire, on completion of construction, a newly refurbished and extended freehold property. This property will comprise 16 one bedroom flats providing supported living accommodation and is in Workington, Cumbria (the "Property"). This is the fourth acquisition in the supported living care sector and the ninth acquisition overall.

The Property is being constructed by converting and extending a former hotel; construction is currently underway and is expected to be completed by the end of 2016. Completion of the acquisition will not take place until all construction has been completed as attested by an independent monitoring surveyor. A further announcement will be made by the Company upon completion of the acquisition. The acquisition is being made through a sale agreement entered into by a subsidiary of SIPP, SL Workington Limited ("SL Workington"). SL Workington will not be involved in, or be obliged to provide any funding in conjunction with the construction process.

An agreement has been entered into to lease the Property on a 25-year inflation linked, full repair and insuring lease to Inclusion Housing Community Interest Company ("Inclusion Housing") from completion of the acquisition. The initial annual rent under the terms of the lease will be approximately GBP178,000 per annum.

Inclusion Housing is an established housing association and will be responsible for placing adults with physical and mental disabilities into the Property and care services will be provided by Lifeways Finance Limited.

The consideration for the acquisition will be approximately GBP2.34m. SIPP has two alternative proposals for funding this. As discussed in the Interim Statement of 2 August 2016, the Company is reviewing its options for raising further equity finance. If this is done before the construction of the Property is complete, SIPP expects to fund approximately GBP910,000 from cash resources with the balance coming from funds drawn under the Company's existing loan facility agreement with Heritage Square Limited ("Heritage Square"). In the event that the Company does not proceed with an equity fundraising, SIPP would fund approximately GBP410,000 from cash resources, with the balance coming from funds drawn down under the new framework agreement described in its interim statement of 2 August 2016.

The Properties are being acquired from The Viaduct Hotel Limited, a company owned by Mr Patrick Roe and Mr James Lancaster.

John Le Poidevin said:

"We are delighted to be making good progress in another of our core sectors, supported living. As we stated in our interim statement, we believe this is an attractive area for investment and we have a strong further pipeline of acquisitions to make in this sector."

The Property is being constructed by converting and extending a former hotel; construction is currently underway and is expected to be completed by the end of 2016. Completion of the acquisition will not take place until all construction has been completed as attested by an independent monitoring surveyor. A further announcement will be made by the Company upon completion of the acquisition. The acquisition is being made through a sale agreement entered into by a subsidiary of SIPP, SL Workington Limited ("SL Workington"). SL Workington will not be involved in, or be obliged to provide any funding in conjunction with the construction process.

An agreement has been entered into to lease the Property on a 25-year inflation linked, full repair and insuring lease to Inclusion Housing Community Interest Company ("Inclusion Housing") from completion of the acquisition. The initial annual rent under the terms of the lease will be approximately GBP178,000 per annum.

Inclusion Housing is an established housing association and will be responsible for placing adults with physical and mental disabilities into the Property and care services will be provided by Lifeways Finance Limited.

The consideration for the acquisition will be approximately GBP2.34m. SIPP has two alternative proposals for funding this. As discussed in the Interim Statement of 2 August 2016, the Company is reviewing its options for raising further equity finance. If this is done before the construction of the Property is complete, SIPP expects to fund approximately GBP910,000 from cash resources with the balance coming from funds drawn under the Company's existing loan facility agreement with Heritage Square Limited ("Heritage Square"). In the event that the Company does not proceed with an equity fundraising, SIPP would fund approximately GBP410,000 from cash resources, with the balance coming from funds drawn down under the new framework agreement described in its interim statement of 2 August 2016.

The Properties are being acquired from The Viaduct Hotel Limited, a company owned by Mr Patrick Roe and Mr James Lancaster.

John Le Poidevin said:

"We are delighted to be making good progress in another of our core sectors, supported living. As we stated in our interim statement, we believe this is an attractive area for investment and we have a strong further pipeline of acquisitions to make in this sector." "




16/09/2016 12:00 UKREG Specialist Investment PropertiesPLC Implementation of Investing Policy

"On 16 September 2015, the Company announced that its shareholders had voted at a general meeting of the Company to adopt a new investing policy to become an investment property company acquiring and holding freehold properties (and, in rare cases, long lease-hold properties) in specialised sectors of the property market, with an initial and primary focus on investing in purpose-built homes for adults with learning difficulties requiring support from carers (for example adults with autism), purpose-built care homes for the elderly and infirm and converted dwellings accommodating young adults/late teens requiring extensive support from social services (the "Investing Policy").

The Company is pleased to announce that it has implemented its Investing Policy in accordance with the AIM Rules for Companies.

The Company also announced on 30 June 2016 that following the departure of David Craine from the board, it intended to appoint a further non-executive director. The Company is continuing its search for an individual with the experience and skills to benefit the board. A further announcement will be made in due course."

[hedgehog 100] 04/9/2016 16:40

On Friday afternoon SIPP announced its seventh acquisition, and the share price rose a penny to 20p, its highest level since January (when it was still HCP).

02/09/2016 14:46 UKREG Specialist Investment PropertiesPLC Acquisition of Property

"The Company is pleased to announce its seventh acquisition since implementing its new investment policy in early 2016. SIPP Holdings Limited ("SIPP Holdings"), a subsidiary of SIPP, has entered into a share purchase agreement to acquire a special purpose vehicle ("SPV"), HB Villages St Helens Limited, which will own four supported living bungalows (the "Properties") in St Helens, Merseyside.

Construction of the Properties is due to take approximately ten months and completion of the acquisition will not take place until construction has been fully completed. SIPP Holdings will not be involved in the construction process or be obliged to provide any funding in conjunction with it. The required planning consents for the Properties have been obtained.

An agreement has been entered into to lease the Properties to Inclusion Housing Community Interest Company ("Inclusion Housing") on a 35-year inflation linked, full repair and insuring lease. The first year's rent under the terms of the lease is approximately GBP47,000 per annum.

Inclusion Housing is an established housing association and will be responsible for placing adults with physical and mental disabilities into the Properties, care services will be provided by Lifeways Finance Limited.

The consideration for the acquisition will be GBP724,686 with SIPP funding GBP220,686 and the balance coming from funds drawn under the Company's loan facility agreement with Heritage Square Limited. The Properties are being acquired from HB Villages Developments 2 Limited which is ultimately owned by Morgan Sindall Group Plc."




Interestingly, this is SIPP's first acquisition of properties that have yet to be built.

[someuwin] 03/9/2016 09:54

Been fine for me.

[droid] 03/9/2016 09:48

Anyone else been having a problem with log in over the last 24 hours ??

[hedgehog 100] 15/8/2016 18:30

Another rise, up a h'apenny to 16.5p (16 - 17), but with just one trade, a large sell:

Time/Date Price Volume Trade value Type
14:53:00 14.50 253,000 36,685.00 OK
08:00:02 12-Aug-16 15.00 48,000 7,200.00 O
14:13:42 11-Aug-16 16.00 5,000 800.00 O
14:12:42 11-Aug-16 16.00 25,000 4,000.00 O
15:13:12 10-Aug-16 14.00 175,000 24,500.00 OK

[hedgehog 100] 11/8/2016 16:38

The first SIPP share price rise today for over five months, up a penny to 16.5p on volume of 30,000 shares traded.

Time/Date Price Volume Trade value Type
14:13:42 16.00 5,000 800.00 O
14:12:42 16.00 25,000 4,000.00 O
15:13:12 10-Aug-16 14.00 175,000 24,500.00 OK
10:15:15 26-Jul-16 15.48 1,500 232.12 O
14:28:12 25-Jul-16 15.00 2,500 375.00 O


SIPP's interim results last week made for encouraging reading:

02/08/2016 07:01 UKREG Specialist Investment PropertiesPLC Half-year Report
Interim results for the six months ended 30 June 2016

[janeann] 09/8/2016 22:25

and now they are going to charge quarterly for the privelidge of holding shares in their isas. Time to find a better trading platform

[hedgehog 100] 29/6/2016 18:41

In the post-Brexit vote era defensive stocks like SIPP, with its secure income and strong asset backing, should be relatively more attractive.

But not only does SIPP have excellent downside protection, it also has very good upside too.

The company has the potential to grow into a much larger operator, with a higher profile and rating to match.

This process could potentially be accelerated by buying entire companies.

[hedgehog 100] 27/6/2016 14:31

A summary of SIPP's first six property acquisitions:

02/03/2016
"The consideration for the two properties was GBP507,000 with SIPP funding GBP188,000 and the balance coming from funds drawn under the Framework Facility Agreement."

13/04/2016
"The consideration for acquisition was GBP349,000 with SIPP funding GBP207,000 and the balance coming from funds drawn under its facility agreement."

27/05/2016
"The consideration for acquisition was GBP245,000 with SIPP funding GBP92,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited."

10/06/2016
"The consideration for acquisition was GBP424,500 with SIPP funding GBP158,500 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited."

15/06/2016
"The consideration for acquisition was GBP570,000 with SIPP funding GBP216,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited."

The total paid for the six properties was £2,095,500, with SIPP funding £861,000 (41.088%).


The net proceeds of SIPP's placing and open offer earlier this year (i.e. after costs) were approximately £2.04M.
Before the fundraising the company held approximately £300,000 in cash.
So that added up to about £2.34M., i.e. about 17.7p per share.

So SIPP should be able to buy about £5M. or so worth of properties (including the six bought to date) using its existing cash and facility agreement at the current ratio.

From SIPP's 02/03/2016 RNS:
"The initial average gross rental yield from the most advanced acquisition opportunities currently identified and in discussion is expected to exceed 8% per annum."

On this basis, £5M. of properties should yield in excess of £400,000 per annum.

[hedgehog 100] 18/6/2016 19:26

SIPP has been drifting down recently on very low volume, despite positive newsflow. It's obviously overlooked, but that could soon change.

At 16.5p it is at the bottom of its long-term trading range, at the price of the warrants from its recent fundraising at 20p, and below the level of the cash it had after that fundraising.

13,204,411 shares in issue x 16.5p current mid price = £2.18M. market cap.

[hedgehog 100] 16/6/2016 17:57

And yet another acquisition, yesterday, the third in under three weeks:

15/06/2016 13:55 UKREG Specialist Investment PropertiesPLC Acquisition of Property

"The Company is pleased to announce a further property acquisition, being the sixth property that the Company has acquired since implementing its new investment policy in early 2016.

Secta Properties Limited ("Secta"), a subsidiary of SIPP, has exchanged on a property in Birmingham which is to be leased to Meadows Care Limited ("Meadows Care") as a children's home on a 25-year inflation linked full repair and insuring lease. Completion is due to occur on 23 June 2016. Meadows Care is a well-established children's home care operator, with over 10 years' experience. This property will be managed by Meadows Care as part of its agreement with Birmingham City Council to look after young people.

The consideration for acquisition was GBP570,000 with SIPP funding GBP216,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited. The property was purchased from the private individuals, Darren Mann and Elizabeth Mann."

[hedgehog 100] 10/6/2016 19:00

Another acquisition, just two weeks after the last one:

10/06/2016 15:44 UKREG Specialist Investment PropertiesPLC Acquisition of Property

"The Company is pleased to announce a further property acquisition, being the fifth property that the Company has acquired since implementing its new investment policy in early 2016.

Secta Properties Limited ("Secta"), a subsidiary of SIPP, has exchanged on a property in Birmingham which is to be leased to Meadows Care Limited ("Meadows Care") as a children's home on a 25-year inflation linked full repair and insuring lease. Completion is due to occur on 8 July 2016. Meadows Care is a well-established children's home care operator, with over 10 years' experience. This property will be managed by Meadows Care as part of its agreement with Birmingham City Council to look after young people.

The consideration for acquisition was GBP424,500 with SIPP funding GBP158,500 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited. The property was purchased from a private individual, Deborah Blackburn."

[maytrees] 06/6/2016 09:42

Greetings someuwin

I have found similar issues since they changed their site apparently to accommodate mobile phone users.

Personally I try to avoid using a mobile for shares transactions.

Their new site seems to require the most uptodate personal computer software for ease of access, possibly geared to mobile phone investors. When it works well it works very well but as your posts signify, reliability is questionable.

[someuwin] 06/6/2016 09:20

We are sorry there seems to be a problem

We are currently experiencing connectivity issues with our secure site. To place a deal or view your portfolio please click here to go to our previous dealing screens or call our Dealing services team on 0345 37 33 479. For any other query please call our Customer services team on 0345 54 32 600.

We are working on fixing the issue and apologise for any inconvenience this has caused.

[hedgehog 100] 27/5/2016 15:19

27/05/2016 10:48 UKREG Specialist Investment PropertiesPLC Acquisition of Property

"The Company is pleased to announce a further property acquisition, being the fourth property that the Company has acquired since implementing its new investment policy in early 2016.

Secta Properties Limited ("Secta"), a subsidiary of SIPP, has exchanged and completed on a property in Birmingham which is to be leased to a care operator, Midway Care Group Ltd on a 25-year inflation linked full repair and insuring lease. The property will provide supported living accommodation to adults with learning disabilities.

The consideration for acquisition was GBP245,000 with SIPP funding GBP92,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited. The property was purchased from two private individuals, Thomas Hopkins and Kathleen Hopkins."

[someuwin] 25/5/2016 14:16

And again!!!!

...Sorry we are unable to log you in. Please try again or contact us on 0345 373 3479 for further information

Website log in issues

We are aware that customers are currently unable to log in to the website due to connectivity issues via our 3rd party provider. We are urgently working to resolve.

In the meantime if you have any queries please contact us on 0345 373 3479.

We apologise for any inconvenience this may cause.

[someuwin] 17/5/2016 09:09

Still can't log in!

Come on AJBell Youinvest sort your website out!!

[someuwin] 17/5/2016 08:46

Website log in issues

We are aware that customers are currently unable to log in to the website. We are urgently working to resolve.

In the meantime if you have any queries please contact us on 0345 373 3479.

We apologise for any inconvenience this may cause.

[someuwin] 17/5/2016 08:03

Sorry we are unable to log you in. Please try again or contact us on 0345 373 3479 for further information

[someuwin] 27/4/2016 08:03

And again...


Website log in issues

We are aware that customers are currently unable to log in to the website. We are urgently working to resolve.

In the meantime if you have any queries please contact us on 0345 373 3479.

We apologise for any inconvenience this may cause.

[someuwin] 13/4/2016 08:02

We are sorry there seems to be a problem

We are currently experiencing connectivity issues with our secure site. To place a deal or view your portfolio please click here to go to our previous dealing screens or call our Dealing services team on 0345 37 33 479. For any other query please call our Customer services team on 0345 54 32 600.

We are working on fixing the issue and apologise for any inconvenience this has caused.

[someuwin] 31/3/2016 10:45

We are sorry there seems to be a problem








We are sorry there seems to be a problem.

We are currently experiencing connectivity issues with our secure site. To place a deal or view your portfolio please click here to go to our previous dealing pages or call our Dealing services team on 0345 37 33 479. For any other query please call our Customer services team on 0345 54 32 600.

We are working on fixing the issue and apologise for any inconvenience this has caused.

[hedgehog 100] 04/3/2016 16:39

Compare SIPP to another former shell, PPG (Plutus Powergen):



PPG has been popular with retail investors, and quadrupled in a year.

But PPG looks to have significantly bigger risks than SIPP, while having just comparable upside.