Medicx Share Discussion Threads

[cnx] 28/7/2012 04:41

substantial increase in income producing sites announced two days ago

[cnx] 07/6/2012 16:04

this seems a kind share to have in unsteady times and recent institutional buying seems to support this thinking

[cnx] 12/5/2012 02:45

80p today, a really good hold

[cnx] 08/5/2012 20:40

this becoming a safe haven. lets hope it continues

[goliard] 26/2/2012 21:31

Excellent result on the fundraising. I think they surprised themselves!

[asmodeus] 14/2/2012 18:33

Re Dave of Devon's 46 - if you can put your Medicx into an ISA, you get the div paid gross and there is no tax to pay - I think you'll find. (I've got mine in my self-select).

[goliard] 31/1/2012 08:13

Always interesting to watch these regular fund raisings by MXF. Never seem to get the fundraising away completely and I doubt they really believe they will. Having said that, they continue to raise funds above NAV, which is impressive.

[cnx] 31/1/2012 03:21

one for four open offer at 72p announced

[cnx] 08/12/2011 12:05

latest results and increased dividend today



other news/rns announcements are on the other thread




david

i do not look on mxf as a growth stock
we will benefit from its long term borrowings at 5% and regular upwards only rent reviews over lease periods +/- 25 years, and expansion as new properties are completed and rented out.
this is a steady income paying part of my portfolio, as non uk taxpayer i enjoy the gross

i don't follow php but have been badly hurt by ash

cnx

[daveofdevon] 29/11/2011 09:20

Many thanks to cnx who gave this a mention on the Aviva board. As a holder of Primary Health (PHP) which has tripled in value since I bought in a few years ago I was interested to see how the two compare.

The first and most obvious attraction of this company is a that MXF has a much higher yield, if the 4th qtr div is also 1.38p then we have a yield here of about 7.5% whereas PHP only yields 5.92%

But then I found a catch, MXF is a Channel Islands fund so the dividend will be paid as gross overseas income and liable to UK tax. On that basis the true yield to me is about 6%.

Would anybody care to comment

[selborne_edge] 01/6/2011 16:43

The share price appears to be moving up and together with the dividend yield, it is a very good share to hold

[cnx] 26/5/2011 10:57

another good set of results

very happy to be in these

[cnx] 16/3/2011 03:09

upward only rent reviews, new premises becoming operative and income producing will cover the dividend if you take a 3 to 5 year view. in the meantime enjoy the 7% yield

[selborne_edge] 13/3/2011 20:23

All the financial indicators (eps, pe, etc) are moving in the right direction and I do love the dividend. Somebody must be doing something right.

[topvest] 13/3/2011 07:41

Yes, I agree - a fairly successful fundraising. Lots of firepower!

[westcountryboy] 12/3/2011 20:40

I don't agree. This has become an annual event around this time. 21.75m shares in March 2009, 34.3m shares in March 2010, now 47.65m shares in March 2011 - this upward trend hardly suggests a problem. If they had raised (even) more, then they would have had more firepower for new ventures, but they have easily enough for all their needs. I'm very pleased that they _don't_ lower the price on these occasions - that would be the sign to complain to management!

[grahamg8] 12/3/2011 09:39

Agree to a certain extent goliard, maybe the price was a bit too high at 72p against an share price of 72-73p. The take up of every new issue needs to be watched carefully ready for a fast bsilout. But in between enjoy the ride.

[goliard] 11/3/2011 08:36

Looks like a tough fundraising and fell well short of what they wanted. At least they can continue to pay their inflated dividend out of cash for the next while! One day, when a fundraising fails, this will be a bloodbath.

[cnx] 22/2/2011 08:03

MedicX Fund, (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom, is pleased to announce it has acquired a completed primary care medical centre in Immingham, North East Lincolnshire, built in 2004.

todays RNS

"The total acquisition cost of the property is £6.3 million. The property is leased to three tenants, including a GP surgery, which accounts for 90% of the rental income from the property, and a pharmacy. The leases are subject to three yearly upward only rent reviews to open market value.



The MedicX Fund's total property portfolio now comprises 58 properties throughout the United Kingdom of which 50 are complete, seven are under construction and one has yet to commence construction. The annualised rent roll for all properties is now £14.0 million. "

[cnx] 22/2/2011 04:50

i think mxf has properties under development and when completed will generate rental income which can help cover the dividend.

another way to look this is to consider the dividend as interest on our investment during the development stage.

[goliard] 19/2/2011 13:00

Fair comment, I just wouldn't want to be holding these when or if they can't do a fundraising as the yield will suddenly plummet. Good short term returns though.

[grahamg8] 19/2/2011 11:00

Agree goliard it does look like a sleight of hand. But then this is a property company and they are valued on the assets so the share price is properly covered. The mechanism does work with the share price very stable and a dividend yield of 7.6% (5.5p in 2011 against a mid price of 72.5p) that's a massive improvement on money in the bank, and a huge risk premium for the potential day when the institutions shut up shop. Why should they? There is plenty of money sloshing round the City looking for a home. If I were managing a property fund would I buy a house builder, a commercial property company, a construction company, or Medicx? It's MXF for me without a doubt in my ISA as a modest part of an income generating portfolio well diversified by market segments. This will never be earth shattering but gives a regular top up to the bank balance without sleepless nights.

[speedsgh] 12/2/2011 09:23

no problems. topped up again with IFD yesterday (currently yielding 9%+) and made first foray into RQIH. what else are you in, selborne, if you don't mind me asking?

[goliard] 12/2/2011 09:21

The yield is impressive, but you have to ask how they manage it. They are using placing proceeds to pay the dividend and can't pay it out of net profit. I have little time for this model as it relies on constantly raising more equity and then returning it to shareholders as a dividend. Avoid IMHO