Assura Share Discussion Threads

[hyperboreus] 31/1/2019 08:19

Very positive news for the sector as a whole:

'The new contract will make available billions of pounds of extra investment for improved access to family doctors, expanded services at practices and longer appointments.'

[jonwig] 25/1/2019 16:46

JomB - thanks for #813. (MDX, MXF - I mix them up too.)

[jombaston] 25/1/2019 16:41

obviously I am referring to MXF above.

[jombaston] 25/1/2019 16:38

You are right, Jonwig. The financial, cost and earnings metrics are best for AGR and worst at MDX. Admin expenses of 9% of rent at AGR is impressive - less so the 15% at MDX.

Earnings have not been as strong at MDX, which is one reason I never bought them but as a PHP shareholder I will end up with the laggard now!

I am sure that PHP can dramatically reduce costs at MDX. Lets hope the combined company can post lower cost ratios than PHP.

I guess at least the value at AGR stands out.

[jonwig] 25/1/2019 06:55

Isn't it the case that both PHP and MXF use outside fund managers, whilst AGR is self-managed? If so, the former will have had higher charges, and merging will probably help to reduce them.

[topvest] 24/1/2019 21:40

I have AGR, PHP and MDX!!

[bscuit] 24/1/2019 21:14

I have both AGR and PHP!

[getscenic] 24/1/2019 19:43

This will leave AGR to get on with cherry picking the best properties while PHP have to integrate MDX. I know where I am better served!

[hyperboreus] 24/1/2019 07:13

News of an interesting merger announced this morning which might create more interest and activity in this sector.

The combined market cap of the enlarged group will be similar to AGR:

[jonwig] 24/1/2019 07:11

PHP and MXF to merge:

[jonwig] 22/1/2019 09:29

Depends how rich you are, Dave!

[hopefuldave] 22/1/2019 09:00

How many shares would I need to make the dividend worthwhile?

[jonwig] 22/1/2019 07:07

Encouraging trading update:



Current yield is 5%.

[zeppo] 07/1/2019 22:01

Jonwig

Thank you!

We needed some good news.

z

[jonwig] 07/1/2019 18:46

The new forward plan for the NHS should shift care away from hospitals and towards local providers - GPs. This should mean that GP centres become and remain better-equipped, and those which aren't will need upgrade or new facilities.

This sub-sector should perform well, and be largely unaffected by UK economy worries.

[jombaston] 23/11/2018 18:26

Yes, if it is at a decent cost and sustainable v income,gearing etc. The leases are still longer than the debt.

i'm also pleased to see that the op&admin costs are only 12.3% of rent which is competitive v the peer group.

Smaller REITs understandably have higher ratios but I have looked at some recently that are well over 30%!

[zeppo] 22/11/2018 19:22

Jombaston

After paying off some debt expensively is extending the debt profile beneficial?

z

[jombaston] 22/11/2018 11:36

Very nice. Div should continue to be covered as the investment pipeline comes through. Also they have extended the debt profile.

[jonwig] 22/11/2018 11:09

The numbers look good, though I must admit I haven't given them much attention. The dividend increase is welcome - forward yield is about 5%.

[zeppo] 22/11/2018 10:05

Quarterly dividend rise from January 2019.


RNS today.


z

[jonwig] 11/10/2018 17:56

You can say that again!

[zeppo] 11/10/2018 17:43

Relief to me that after dropping to near 52p AGR is relatively steady in this dreadful market.


z