Medicx Share Discussion Threads

[zimbtrader] 01/2/2018 18:07

Bad time, if you would be so kind, can you expand on war PID means? May be having a blend /senior moment (I am both) but that's stumped me!

[speedsgh] 01/2/2018 14:33

badtime - That's not great. Which broker do you use? I get PID/non-PID distributions from a single company as simultaneous separate payments without any delays. Never had a problem.

[badtime] 01/2/2018 12:25

Div announcement I see they've introduced paying part of it as PID ..I had this on RLE recently which meant that the PID part won't be received until two months after the normal date ...if you've got a really large holding here might be worth taking not if the rest of that rns

[nerja] 26/1/2018 14:49

Looking like a retest of the 78p level on the cards!

[bothdavis] 25/1/2018 10:35

Now down @ 11%, is there an underlying weakness in this share or is there a 'Corbyn effect' that is spooking this share?

[grahamg8] 03/1/2018 20:29

I sold out 12 months ago but am back in now. The uncovered dividend is still an issue but the very stable business with a long term guaranteed income stream and high yield have drawn me back in. With a following wind there should be a modest capital gain for the share price to get back up to 90p.

[redips2] 22/12/2017 11:04

Good news.... happy holding .

[skinny] 22/12/2017 08:06

MedicX Fund, (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Ireland, is pleased to announce the Company's fifth acquisition in Ireland. Ayrfield Medical Park in Kilkenny is a standing investment and has been purchased by way of a sale and leaseback to the doctors who developed the centre in 2011.

In addition to the large GP practice, the 2,700 sq m building is let to the Health Service Executive (the Irish NHS equivalent), a pharmacy operator, a dental practitioner, a cafe and several other complementary healthcare providers. The GPs and Health Service Executive leases have over 18 years remaining and the pharmacy and dental operators have long leasehold interests. The rents are subject to five-yearly CPI reviews. The total acquisition cost of the property is approximately €7.8 million.

MedicX Fund's total property portfolio now comprises 153 properties throughout the United Kingdom and Ireland of which 147 are operational and let, with six under construction.

[badtime] 13/12/2017 12:00

Sp recovering nicely now..panic over?

[skinny] 12/12/2017 09:12

BUILDING A BRIGHTER FUTURE FOR PRIMARY HEALTHCARE INVESTMENT
MedicX Fund is a leading investor in modern purpose-built primary healthcare properties. Our investment supports the transformation of the primary healthcare estate in the United Kingdom and Republic of Ireland.
FINANCIAL HIGHLIGHTS AND KEY ACHIEVEMENTS
A strong year, reflecting progress and achieving notable milestones.
FINANCIAL RESULTS
· Continued increase in rent receivable, up 5.7% to £37.1million (2016: £35.1 million);

· Profit before tax was £33.3 million for the year; 18.1% higher than the profit after before for 2016 of £28.2 million;

· 7.5% increase in annualised rent roll1 from £37.2 million to £40.0 million;

· 89.7% (2016: 89.2%) of rent roll was directly from or reimbursed by the NHS, Irish GPs or HSE;

· 2.9% increase in EPRA11 earnings per Ordinary Share, from 3.4p per share to 3.5p per share;

· Increase in underlying dividend cover to 69.5% (2016: 68.5%);

· 12.7% total return on EPRA NAV2 for the financial year (2016: 11.8%); and
· Total Shareholder Return3 of 9.6% (2016: 22.5%).
GOOD PROGRESS ON INVESTMENTS

· 11.1% increase in the value of the property portfolio to £680.4 million1,4. This is as a result of £51.1 million of capital investment to acquire standing let properties and fund developments through forward funding schemes and a £18.6 million net valuation gain;
· New committed investments in UK and Republic of Ireland, since 1 October 2016, of £49.4 million with an average cash yield of 5.22%1;
· £8 million average value of new committed investments and selective disposals improved portfolio quality; and
· Substantially increased strong pipeline of approximately £175 million of acquisition opportunities1 (2016: £108 million).
CAPITAL MANAGEMENT
· Quarterly dividend of 1.5p per share announced on 1 November 20175; total dividends of 6.0p per Ordinary Share for the year or 6.6% dividend yield on a share price of 91 pence per share at 30 September 20176 (2016: total dividends of 5.95p per Ordinary Share; 6.7% dividend yield);

· Total drawn debt facilities of £372.8 million with an average all-in fixed rate cost of debt of 4.29% and an average unexpired term of 12.7 years, close to the average unexpired lease term of the investment properties of 14.1 years and compared with 4.45% and 14.0 years for the prior year1;
· Net debt of £340.7 million equating to 49.5% adjusted gearing at 30 September 2017 (30 September 2016: £315.3 million; 50.8%)1,7; and
· Market capitalisation £390.0 million1 following share price appreciation and £34.6 million net proceeds raised from 39.8 million shares issued since 1 October 2016 at an average issue price of 87.9 pence per share.


more.....

[wllmherk] 12/12/2017 07:21

Quick glance at results, can't see anything to pull share price down this morning, but, I guess one never knows how the market will react these days,

wllm

[wllmherk] 11/12/2017 20:19

I thought results were tomorrow ?

wllm

[clausentum] 11/12/2017 20:14

Annual results were 13.12.16.

[badtime] 06/12/2017 16:44

Like to see this stay above 80p for a few days ..I did trade a few at lower but for my purposes it's a hold and inc play

[speedsgh] 05/12/2017 12:55

Thanks for that, pooroldboy.

Direct link to 3i discussion board and the said communication from MXF -

[pooroldboy55] 05/12/2017 12:04

If anyone interested go to 3i there's a response to an email about share price from MXF very interesting and positive.

[speedsgh] 05/12/2017 10:38

Updated for today's prices...

Premiums to last stated NAV:
MXF +4.6% (based on 79.0p offer; NAV 75.5p as at 30/6/17)
PHP +17.6% (based on 113.0p offer; NAV 96.1p as at 30/6/17)

[andyj] 05/12/2017 08:56

Yet another bunch of cowboys hiding under the 'safe income play' banner? Let's hope not.

[wllmherk] 05/12/2017 07:21

Their portfolio is made up of GP practices which the GP's or health boards lease from MXF. Corbyn, if elected, can't just waltz in and effectively requisition these buildings, that would be illegal.

The Governments grip on power is weak and should TM fail to get a deal over BREXIT the likelihood of another election increases. Don't understand why she didn't discuss the deal with the DUP before yesterdays announcement.

Back to MXF, results next week, if there is a profit warning or some such calamity then there needs to be some kind of investigation as the recent share price weakness suggests someone knew something. As these already make up 7% of my folio I'm reluctant to add more.

wllm

[f880gna] 04/12/2017 22:18

Zimbtrader - that's my feeling. Didn't the start of this slump coincide with the announcement of the sale of five properties?

[f880gna] 04/12/2017 22:15

Wouldn't that perception be more likely to lead to a longer term softening rather than a sharp sell-off as we've seen here? A 2018 election isn't vastly more likely than it was a few weeks ago.

But let's say that is the reason. What measures enacted by a Labour government would affect the MXF business?

[zimbtrader] 04/12/2017 21:41

PHP has not fallen by anything like as much. That makes me think there is something other than just political fears at play with MXF. Must admit I have the jitters....

[oniabsta] 04/12/2017 19:08

My best guess is there are those who think there will be an election in 2018 and Labour will get in. Labour do not like private enterprise especially when it involves the NHS.....?