Bellevue Healthcare Share Discussion Threads

[jonwig] 22/2/2017 14:53

Toffee - can't be anything else, really.

And this was under-subscribed at launch - - amazing.

[toffeeman] 22/2/2017 12:59

More stock issued at a premium - presumably in response to institutional demand?

[jonwig] 17/2/2017 17:29

They are taking advantage:

BB Healthcare Trust plc (the "Company") announces that it has today issued 1,200,000 of its ordinary shares of one penny each ("Ordinary Shares") pursuant to its block listing facility. The Ordinary Shares will be issued at a price of 111.72 pence per Ordinary Share, a premium to the prevailing net asset value (cum income) per Ordinary Share.

This, of course, helps existing holders.

[toffeeman] 17/2/2017 12:38

Nope apart from the assumption that one or more of the big holdings is up.

Toffeeman in Devon

[daveofdevon] 17/2/2017 12:23

Any ideas why these have gone ballistic in the last few days other than the above news?

[jonwig] 10/1/2017 15:50

Someone is keen to have these:

BB Healthcare Trust plc (the "Company") announces that it has today allotted, subject to listing, 9,131,100 of its ordinary shares of one penny each ("Ordinary Shares") in the Company. The Ordinary Shares will be issued at a price of 108.5 pence per Ordinary Share, a premium to the prevailing net asset value (cum income) per Ordinary Share. The Ordinary Shares will be issued under the Company's share issuance programme as described in the prospectus published by the Company on 10 November 2016 (the "Prospectus").

Yesterday's NAV was 106.97p. (!)

[strollingmolby] 07/12/2016 09:52

London Stock Exchange welcomes BB Healthcare Trust plc

[jonwig] 07/12/2016 09:01

The IPO raised £150m against target £200m, but now buyers are willing to pay 103p. Italian referendum made some cautious?

EDIT, 16:40 - 103.5p.

[jonwig] 06/12/2016 07:17

Dave - thanks for the information on that. I did see the IPO announced, but neither of my two brokers was participating. If you're old enough, you might remember the two Slater-Walker Dual Investment Trusts from the 1970s which were nicknamed "The Dustbins".

I won't be investing either.

[daveofdevon] 06/12/2016 07:05

Last week I did invest in this IPO but (at risk of going off topic)let me warn any like minded IPO investors that I will not be investing in this weeks IPO which is another investment trust called RM Direct lending.

Thirty years ago I joined a private company which operated a bit like Dragons Den. Well connected city grandees had started investing their own family fortunes and friends money in loans to smaller companies and created a ragbag portfolio.

This weeks float is very similar, an investment manager has a seed portfolio ready to be injected into the new float money.

My employers were in trouble, there were dud loans all over the place and no way of unloading them so they floated an investment trust and dumped all their rubbish in it. Within a year the trust was in trouble and a lot of private investors lost their money.

I do not for one moment suggest that this weeks float has any connection whatsoever with my story, but the sense of deja vu was enough to scare me off.

[jonwig] 05/12/2016 10:14

essential - I think also the idea is to be able to offer new 'C' shares which will eventually merge with the ords. That would most likely happen if the shares went to a premium ... which appears to be happening now!

[essential] 05/12/2016 10:07

Made my first purchase this morning. I like the mechanism to ensure the price does not drop to a discount. Every portfolio needs exposure to this sector IMHO

[killing_time] 03/12/2016 11:26

Thanks for setting up this thread jonwig.

I'm now looking to hold long term, the 3.5% div helps me to just leave it alone in my sipp and give it 3 or 4 years to see what happens. KT.

[jonwig] 01/12/2016 06:54

Article and video:

[jonwig] 30/11/2016 08:44

Friday 2nd isn't it, Molby?

£150m vs target £200m - seems private investors weren't over keen here.

[daveofdevon] 26/11/2016 13:49

Thanks Jonwig, you give me a degree of comfort but also a new worry, the Trump effect.

Recently one of the doomsters said that the Trump effect might well emulate the Ronald Regan era in which the market rose as he took office, peaked in April and then fell by 20% by September.

I think I will buy, expect to top up in late 2017 and then wait 5 years for the reward.

[jonwig] 26/11/2016 12:11

Hi, Dave - you caught me just as I was off to cook lunch, so quickly ...

Healthcare, pharma might get a boost from Trump (ie. non-Clinton) and the Trump rally still has some way to go I think.

Paying divis out of capital, share buybacks and annual redemption should limit the downside.

Track record of managers in an existing fund looks good. Charges not excessive and no performance fee.

Like you I'm very cautious at present with lots of cash and short-dated gilts, but I shall apply for some. By the way I haven't trawled through the prospectus!!

[jonwig] 16/11/2016 07:01

jaws - I didn't know they'd tried before. Thanks.

[jaws6] 16/11/2016 06:41

They tried last year twice to pull IPO at last minute.there is few other which trades at discount like BIOG.
will try to get more discout link later when I can.

[jonwig] 16/11/2016 06:37

Cheers - I've copied that to the header. I'm inclined to invest here, there's a lot of attractive features in the way it's set up.

[strollingmolby] 15/11/2016 23:14

Thanks for setting the thread up, jonwig.

Here's the prospectus for further details...

[jonwig] 14/11/2016 16:30

This isn't a sector I know much about. Would welcome any views.
Discount and redemption policy looks useful.
My broker's deadline is 28 Nov.
Minimum 1,000 shs @ 100p.