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Share Name Share Symbol Market Type Share ISIN Share Description
Civitas Social Housing Plc LSE:CSH London Ordinary Share GB00BD8HBD32 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 105.00 104.80 105.00 105.40 104.00 105.40 556,822 14:41:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 46.2 37.7 6.1 17.3 654

Civitas Social Housing Share Discussion Threads

Showing 31601 to 31624 of 31650 messages
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DateSubjectAuthorDiscuss
21/2/2020
13:40
Not into charts but the shape of the current chart is really encouraging. This could really start motoring if it convincingly breaks through £1.00.
saltaire111
29/1/2020
10:39
Liberum; Civitas Social Housing Improving housing association diversification Mkt Cap £605m | Prem/(disc) -9.4% | Div yield 5.4% Event Civitas Social Housing's NAV per share increased by 0.3% to 107.6p at 31 December 2019, resulting in a 1.5% NAV total return for the quarter. Dividend cover for the quarter was steady at 0.87x based on EPRA earnings. The run-rate on dividend cover is now 0.97x based on the annualised rent roll at the quarter end. Lease indexation events were in line with targets for the quarter. The net initial yield on the portfolio (based on individual asset valuations) has remained stable at 5.29% (September 2019: 5.28%). We note the company's exposure to Westmoreland Supported Housing has reduced to 6.4% from 10.8% at 30 September 2019. Leases have been reassigned to other partner housing associations. Civitas has drawn part of the new £60m five-year debt facility with National Westminster Bank. The facility is expected to be fully drawn shortly. Near-term investments include the high-specification properties in Wales to provide high-acuity care for a number of conditions. These properties are being acquired on completion of the development. The pipeline of potential opportunities includes a number of investments from property-owning specialist care providers. Liberum view NAV performance was in line with expectations for the period. We expect acquisition activity to pick up in the coming quarters which should lead to full dividend cover for FY 2021. We forecast dividend cover of 0.92x in FY 2020 (March year-end), rising to 1.03x in FY 2021 as new acquisitions come through. We forecast £140m of acquisitions by March 2021 and we expect the dividend to be fully covered on a run-rate basis from Q1 2020. Sentiment towards the sector improved materially in the final quarter of 2019. The fundamentals of the asset class remain strong based on current needs and this is expected to rise over the coming years. We believe the discount will continue to narrow in 2020 as the sector matures and demonstrates the sustainability of the income profile. Civitas has been one of the key stakeholders involved in implementing initiatives to ensure the long-term sustainability of the sector. These include force majeure clauses in the leases, assisting housing associations with governance changes and board appointments and supporting the establishment of a not-for-profit community interest company to bring greater resource and expertise to housing associations. On a portfolio level, Civitas has also been working on increasing the amount of the portfolio that is supported by 25 year back-to-back care provider leases (30% of portfolio) and also investing in higher acuity care facilities.
davebowler
17/1/2020
17:48
Edison sheet issued today hTTps://www.edisongroup.com/publication/strong-financial-and-social-returns-continuing/25971/
spangle93
17/1/2020
09:18
There goes £1.00. Really starting to break out. Salty
saltaire111
14/1/2020
17:02
no link, just speculation
george stobbart
14/1/2020
16:42
Any link to that comment George?
shauney2
14/1/2020
16:23
Takeover chatter, interested party is M&G
george stobbart
14/1/2020
16:09
Really positive momentum behind this recovery. Salty
saltaire111
08/1/2020
17:54
Bosh! this is ripping higher every day
george stobbart
06/1/2020
15:37
Of all the stocks I dumped ahead of the Labour minority govnt (oops), losing CSH has caused the most angst. Good luck holders.
spectoacc
13/12/2019
16:48
It's still cheap, tho will need to be lower before I can justify buying back in.
spectoacc
13/12/2019
16:45
Still down on the day.Must admit I was very tempted to sell other stuff prior but hung thankfully.This I thought would be ok.
shauney2
13/12/2019
09:10
Lol I did that. Never been more wrong about anything.
spectoacc
13/12/2019
08:55
You got the Labour minority right;)
shauney2
11/12/2019
15:26
Reluctantly all sold ahead of Friday's surprise Labour minority govnt ;)
spectoacc
02/12/2019
14:10
Just featured on sky news business after solid results today hence the tick up.
shauney2
07/11/2019
08:19
Repurchases continuing to be little more than a rounding error, some minor concerns on divi coverage, but - seemed nicely positive this morning. NAV (even the non-Red Book) continuing to be very supportive of the price, c.£1.07/share.
spectoacc
15/10/2019
10:28
Positive momentum building here. Salty
saltaire111
09/10/2019
14:17
Very positive article from Tempus. Although, isn’t he usually the kiss of death for a share? Salty
saltaire111
08/10/2019
17:25
Written up in Tempus. Agree the valuation is undemanding.
hopesprings
08/10/2019
13:48
Bought 23,000 shares today. Cannot ignore the yield and 20% NAV discount. Salty.
saltaire111
11/9/2019
15:13
SOHO -Triple Point announcement 6 Sept; Chris Phillips, Chairman of Triple Point Social Housing REIT plc, commented: "Looking back over the past six months, and forward over the next six months, there is much to be pleased about. As expected, our existing portfolio has performed well and we have continued to deploy funds into high-quality assets leased to Approved Providers which continue to strengthen as a result of ongoing regulatory engagement. Commissioners continue to call for new housing, as reflected in our pipeline of close to GBP400 million. We continue to refine and evolve our due diligence processes and we have never failed to receive rental payments in full under our leases. For all these reasons, and despite movements in the Company's share price, our continued operational performance makes us look to the future with optimism."
davebowler
22/7/2019
16:43
understanding of this sector is poor - even amongst the city brokerage community - not surprising given the sector is new to them. the real risk to the sector relates to changes in central govt funding policy towards specialist social housing (unlikely?). perception of regulator of social housing related risk is to some degree a red herring. housing associations should be thought of as no more than managing agents. the question to ask is are CSH assets fit for purpose, leased at market rents (i.e. not over rented), and occupied by tenants with long term special needs in areas of substantial supply / demand imbalance. if the answer to all these questions is yes (which it is), the risk of non payment is almost zero. if housing associations become financially stressed losses are imposed on void property stock, and or over rented premises. property which is fit for purpose and occupied at appropriate mkt rents would be unaffected and in extremis CSH could re-assign their leases to more financially viable HAs - which they have already been the case since IPO. n.b. many of these smaller specialist care related housings associations have grown rapidly in recent years and inevitably there have been associated growing pains. these issues are now being addressed to ensure their operations / governance are more professionally conducted going forward. other bear arguments focus on the mismatch of leases between housing associations and local authorities on one hand (typically shorter) and between housing assciation and social housing landlords on the other (typically longer). this misses the point that underlying tenants have long term specialist care needs (often longer than the lease) and will be funded by central govt whilst they are in situ - unless there is a change in govt funding policy...
roha1
17/7/2019
20:45
seems to have stabilized at this level which looks attractive for income investors who want the real value of capital maintained but probably needs to attract attention of wealth managers to see price rise
gopher
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