Impact Healthcare Reit Share Discussion Threads

[starpukka] 23/10/2024 10:50

Typical. Since I added to my holding a month ago, it's dropped.

[18bt] 22/10/2024 09:50

The new anti-greenwashing rules. I would have thought investing in high quality care homes had an appropriately high social impact but apparently not.

[dandigirl] 21/10/2024 08:36

So the snowflakes in the FCA are unable to cope with the name Impact Healthcare. Strewth. What have we been reduced to when a regulator thinks it important to require a change of name. These people ought to get a life:

[starpukka] 30/9/2024 15:24

Added today.

[diesel] 28/9/2024 08:23

I’ve bought in here recently seems like a safe haven.

[starpukka] 27/9/2024 21:00

Slowly creeping up. Up 11% in last 6 months.

[catsick] 09/9/2024 11:38

The ft article definitely created some buying volume today

[catsick] 07/9/2024 10:18

Ive been buying into this over the last couple of weeks and nice to see an article in today's ft talking it up ...

[18bt] 08/8/2024 07:45

Steady inflation-linked growth. Surely these should be higher than a 26% discount to NAV with an 7.8% and increasing yield. Structurally growth market to boot. Really happy to hold and reinvest dividends here.

[starpukka] 31/7/2024 10:23

I think Neilyb675 is great.

[williamcooper104] 14/6/2024 10:42

His also instantly get four up votes :) Total sado

[petersinthemarket] 14/6/2024 10:25

It seems that every contributor gets a down tick except Neilyb675.
I wonder what that could mean?
What a saddo.

[paulboz] 12/5/2024 11:17

Thanks, RC. I've not considered preference shares up to now but I'll look into them.

[rcturner2] 12/5/2024 05:43

PaulB - you might want to consider some preference shares if you are trying to build retirement income.

RSAB is a good example which I own, but there are many others:

[williamcooper104] 31/3/2024 10:37

They have been a disaster but that was mainly setting the rents too high - eg pretending that operating income was rent and getting a higher valuation on it Like the viability on occupier rent cover

[catch007] 31/3/2024 10:26

I have added to PHP recently as well as IHR. Both will benefit as interest rates move lower (though I think it will be gradual small cuts to find a new baseline around the historic averages)

WilliamCooper104: IHR also carrying additional costs in this year after reorganising tenant portfolio following one poorly performing tenant being exited. Rent collection is good (though capped at 4% maximum annual inflation rate). Quality of homes is continuing to rise and now we are well post Covid occupancy rates are starting to rise again despite the cost - aging population will provide a tailwind. Care homes in the past have been an absolute minefield however I believe IHR and THRL are well positioned at present.

[williamcooper104] 29/3/2024 09:15

Indeed - I bought a big chunk of BBGI at the peak of QE - and while I'm down a fair bit in capital I'm up 17% on income Had to put the money somewhere at the time

[paulboz] 29/3/2024 08:22

BBGI have increased their dividend 10 years in a row so that looks like one to add to the list. Thanks

[williamcooper104] 29/3/2024 00:24

There's potentially more competition from redundant offices for PHP, that's much less of a risk for care homes I wouldn't worry too much about PHP; but always good to get diversification Debt and interest rate risk I think higher for PHP too - hence the short interest - which is high for a boring reit but not alarming

[williamcooper104] 29/3/2024 00:19

It is tempting I've an aversion to care homes owing to their woeful history of blowing upBut the tenant rent coverage doesn't look alarming The relatively high cost of debt is a positive as means there's less of a jump when debts are refinanced EPC B rated still quite low, but improving - that's about the only negative I'm seeing so far

[catch007] 28/3/2024 21:15

PaulBoz: For safe and reliable pension income you may wish to consider BBGI always under the radar but announced 6% target increase in dividends - current yield circa 6%.

[paulboz] 28/3/2024 17:29

mpage: yes I mean Greencoat UK Wind. I'll add International Public Partnerships and Sequoia Infrastructure Fund to the list and hold off on LGEN, which I already have in an ISA.

As ever, thanks for your input.

[mpage] 28/3/2024 13:01

PaulBoz: I don't see any howlers.

Am assuming that Greencoat is Greencoat UK Wind and not the smaller, euro version Greencoat Renewables which has a much less stringent dividend policy that only 'increases progressively' and pays out in euros.

ITV has repeatedly committed to an annual dividend of at least 5p - but it's a deeply unloved cyclical - cheap for a reason. Dividends are only as secure as the board decides.

POLR - runs a dividend on a ratchet basis - currently uncovered but probably safe for another year (or possibly two). Like any asset manager it ultimately relies on net inflows and rising markets - supported in this instance with some performance fees.

Hollywood Bowl is very well run and highly cash generative. It has often paid special divs. Personally, I wouldn't add at current levels. Its weaker peer (Ten Entertainment) was recently subject to a bid.

Recent results: PHNX - v encouraging as it confirmed mid single digit div growth over the next few years. M&G nothing scary, ditto Impact Healthcare and Chesnara this morning. Aviva still returning lots of cash one way or another. We'll have to keep an eye on L&G - the div is pencilled in for another 5% rise for FY24 but after that the capital return policy might change to the more vague 'progressive'. The new CEO reveals his new strategy in a capital markets event day on 12 June.

You can also get high and stable dividends from infrastructure funds like:

1: International Public Partnerships - reported this morning and announced dividend targets for FY24 8.37p + FY25 8.58p.

2: Sequoia Infrastructure Fund (private debt).

There's no stamp duty payable on purchase of these latter two shares, the spreads aren't wide and the boards are committed to narrowing the discounts.