Share Name Share Symbol Market Type Share ISIN Share Description
Medicx Fund LSE:MXF London Ordinary Share GG00B1DVQL92 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 81.00p 81.00p 81.40p - - - 0 06:33:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 37.4 33.3 9.4 8.6 350.51

Medicx Share Discussion Threads

Showing 326 to 347 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
07/6/2018
14:40
Doing well, look odds-on for being able to raise the money above NAV again.
spectoacc
05/6/2018
12:28
No PID received and not expecting it for a while ...Youinvest (my broker) sort it out about six weeks after due date
badtime
01/6/2018
14:25
Still no PID in my account anyone else with Lloyd's had theirs ?
pooroldboy55
30/5/2018
12:40
For those that remain invested, Edison have released a new research note on MXF today... Positioning for continuing growth - HTTP://www.edisoninvestmentresearch.com/research/report/medicx-fund116921/preview/
speedsgh
25/5/2018
16:13
Citywire Turning to our list of fallers this week, healthcare property company Medicx (MXF) made a splash, tumbling over 8% after saying it would cut its dividend next year having consulted with shareholders. The shares have yielded over 7% for some time but with the dividends covered only 61.5% by earnings in the half-year to March, the board has agreed it would be wise to move to a fully covered dividend in 2019, which could see payouts fall to 3.5p from the 6.04p expected this year. It is thought this should broaden Medicx's appeal to investors. Winterflood Securities agreed, saying a prospective covered yield of 4.5% was attractive and the shares gained ground to close 6% down for the week. Like some other alternative income trusts, Medicx shares have de-rated sharply in the past year from a 23% premium to just 6% last week. This week's fall leaves them 2% below NAV, their first discount in 10 years that leaves them with a Z-score of -1.9.
davebowler
25/5/2018
16:12
!FOLLOWFEED
davebowler
25/5/2018
13:44
Curiously, the stronger MXF are (or the nearer to NAV) the more likely they'll get the mooted fundraising away at or above NAV and the more hunky-dory everything is. The lower they are, the more negative it looks. ie buy dear, sell cheap :) So not looking too bad currently at c.79p.
spectoacc
23/5/2018
12:33
Held these for a few years and enjoyed the div...but on yesterday's news I dipped out on the same day at 78p
badtime
23/5/2018
12:16
Keith, quite a feisty response!
chucko1
23/5/2018
10:34
I agree and that will not be easy. Indeed when one adds in the risk of a Marxist government and a severely reduced yield and its risks begin to outweigh the rewards.
andyj
22/5/2018
17:01
Getting that fund raise away will be key, or they'll start to look like there's no more growth.
spectoacc
22/5/2018
16:49
Peel Hunt have a target of 72p .... still not enough for me ... 66p or less.
keith95
22/5/2018
15:38
If they move to 71p or so, I would consider reinvesting. I think 5% is more appropriate on this one.
chucko1
22/5/2018
15:27
I have fewer qualms buying them at a discount in truth, but can't blame anyone giving up & moving on. Won't be adding more unless/until they move lower. Views of previous tipsters (eg IC) will be interesting. I see Peel Hunt d/g from Hold to Reduce (ie from sell to sell, so hardly a tipster of it). Edit: IC's veiw is out already, also pointing out that rent review uplifts are lagging behind inflation atm: "IC View The shares were already down from our buy tip (86p, 3 Mar 2016) even before the markdown that accompanied these figures. With a lower forecast dividend yield, and a challenging fund raise, there is better value elsewhere. Hold. Last IC View: Buy, 83p, 12 Dec 2017" Google it for full article.
spectoacc
22/5/2018
15:23
The higher yielding Irish surgeries were supposed to give some boost to yield. The extent, though, is so far pretty minor and I saw nothing in the statement to alter that in the near term . I do agree with the majority of comments made here, and that the leverage as compared with other REITs leaves an unappealing projected dividend yield. So, on that basis, I sold a significant part of my holding.
chucko1
22/5/2018
15:20
Certainly a sector thing going on - possibly as much an internet sector thing - eg WHR reported very strong numbers this morning (warehouses). MXF ought to be fairly immune but I'd not like to see it under a Marxist govnt.
spectoacc
22/5/2018
15:01
... I bailed RDI today as well .... NAV 41p dividend 7% covered but even though RDI is reducing its retail exposure in the UK ... M&S news this morning does not bode well ... and it is moving into business lets which with Brexit is just as risky ... and no doubt going to become a pretty full space ... Not keen on what is happening in the UK ... too much Gammon on the plate ;)
keith95
22/5/2018
14:50
"Our Investment Adviser believes that yields are likely to remain stable for high quality, modern, purpose-built primary healthcare properties meeting our investment criteria and, consequently, this necessitated a review of the Company's dividend distribution policy." I think that means that they expect no or little growth in rental, so the dividend gap was never going to close. Their debt isn't particularly cheap at 4.17% given the good covenant they claim on the properties. (MCKS which I hold and invests on offices has average debt at 4.06%) Anyway I have sold out and taken a small loss.
stevie blunder
22/5/2018
13:37
@keith95 - my point too - previous divi showed a level of confidence ("growing into it") that's seemingly no longer there. Seems to be as much about the cost of further purchases (ie yield compression) as future interest rate rises.
spectoacc
22/5/2018
13:27
"A 4.5% dividend is reasonable" .... MXF always traded at a premium on the basis that it took into account future growth with the dividend catching up .... ... so there is a deeper message in these results namely, that the directors no longer foresee that justification for its premium giving the hidden message that growth will be much slower. The poor dividend cover with cash earnings was always a risk ... but going forwards one is looking at higher interest rates. I traded this down from 90p ... average price was around 74p to include dividends collected so .. bailing with a smaller profit than hoped. Shame .... but there you go. 4.5% given the level of debt is not attractive to me.
keith95
22/5/2018
13:19
The div yield going forward will, if I understand correctly, be roughly 3.5/79 = 4.43% with a little bit extra for the next 6 months. And then all will be fine, they say. Benefit from a fully covered dividend and some growth potential. PHP currently yields 4.80% and has been around for 21 years. In that time, the dividend has never been cut and has in general terms been fully covered (a few pluses and a few minuses). I know which risk and consequent reward I would like to be exposed to.
chucko1
22/5/2018
11:39
Indeed ... I'm sold out for now .. 79p
keith95
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180619 06:39:27