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Share Name Share Symbol Market Type Share ISIN Share Description
Panther Securities Plc LSE:PNS London Ordinary Share GB0005132070 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -20.00 -10.26% 175.00 150.00 200.00 195.00 175.00 195.00 4,119 13:34:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 14.2 -5.0 -23.1 - 30

Panther Securities Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
21/10/2020
16:10
Note their policy and stance on rents. But how many tenants were on concession and repayment arrangements. This is not clear in the accounts. What is their exposure to vacant business rates?
hennessy trades
21/10/2020
15:40
The high Street is all about just finished now but as a poster previously said conversion to offices and shops is very costly. John Lewis is renting off the top floor of one of its biggest stores but the market limited due to excess offices now with more people working from home. They are bound to lose more Tennant's and interest costs on their loans may be well covered but interest costs not cheap. What struck me about the report was the dividend not certain now and as such it's affected the share price. The market doesn't like propery hence the share price still in s downtrend.
debsdowner
17/10/2020
06:19
their market is going to get worse i.e small high st tenants. still seems to be picking up small bargains. sales and developments have slowed.
russman
16/10/2020
19:35
Always an interesting read: he's a legend! Unfortunately, I am no longer a holder, but will hopefully re-enter at some point.
topvest
16/10/2020
18:54
His ramblings were quite muted compared to previous report but he still manages to take 4 of the 20 pages on it. Taking an aggressive stance on unpaid rents at pretty well the whole outstanding amount albeit they hope not to use it. They also have expensive loans (7% & 6.58%) which are due to be refinanced in 21 so potential upside there on interest costs.
nickrl
16/10/2020
16:54
Interim results from Panther Securities are worth a read, if only for the “Chairman̵7;s Ramblings”. The shares remain close to 11 year lows and Investor's Champion state they could offer decent recovery potential, although they are tough to buy.
energeticbacker
20/8/2020
19:02
Well Panther have seen many highs and lows over the years. To date have traded their way forward successfully.
russman
20/8/2020
15:12
HT At one time some would like to live in town but not now. In a city it may be be more desirable but many other towns dingy as you say and rates will be higher in towns. Its not as easy as some think conversions, if it was many old department store would have been converted years ago. Online is the future as more and more people shop online as they cannot be bothered going from shop to shop and wasting time. Panther has a shopping arcade from memory and that is a dead duck in todays environment, the small shopping malls dated and no one goes in them anymore. The coronavirus just made things worse and if the virus gets worse more and more shops will go under.
debsdowner
19/8/2020
07:34
I have traded in the real estate sector for years and rarely paid much attention to Panther as their shares were fairly illiquid but did pay good dividends. Now, with C19 that has changed. Market cap halved and with tertiary retail making up half or more of the portfolio it looks precarious. A lot of these shops will risk becoming no more than market stalls with no valuation being made on type of tenant who will not sign up to full repairing leases on aged buildings in poor locations. Sure there might be scope to convert to flats but at what cost. Asbestos, plumbing, electrics, insulation, and then end up with a dingy flat in a poor town. What capital margin will be left? As for the behemoth department stores, again only flats might be the future but at what cost? The big blocks may only be worth land value but when you deduct huge knocking down costs, again what's left? Is it still a high return rental play? How many of the tenants are paying rent and what level?
hennessy trades
06/8/2020
13:05
I did warn a while ago this was a sell the company now lost half its market cap and the company has high debts. NTV is correct changing some shops to flats is OK in theory but could be costly and could take years, some shops cannot be easily converted and cities and towns now lost their appeal. Who wants to live in a town when they are looking drab?
debsdowner
02/6/2020
10:37
Shopping is a community social experience. whether there is any long term value in a shopping centre / high st is for the government to decide.
russman
02/6/2020
08:31
The value I can see in these shopping centres is replacing them with flats This is going to take time because people are being made unemployed so no private buyers So these will have to be sold en bloc to housing associations and II's which may lead to one chunky transactions after planning This crisis has finished off all but a small number shops
ntv
22/5/2020
16:51
If investors had have listened to me months ago they would have have sold out before the share price fell substantially. The government to prevent councils buying shopping centers will mean more downward trend on valuations. Https://www.ft.com/content/d68e46f9-2f13-465f-beb3-466c4f2d8530
debsdowner
18/5/2020
11:20
Retail valuations took a hit esp Beales.
russman
15/5/2020
20:56
Always worth a read of Chairman Perloffs ramble although on this occasion he gone well off song with his piece on his early courting days!
nickrl
15/5/2020
12:31
Final results for the year ended 31 December 2019 - HTTPS://www.investegate.co.uk/panther-securities--pns-/prn/final-results/20200515070000PA5CF/
speedsgh
19/4/2020
20:20
Perloff is a trader. Might be some long term bargains. Obviously problems affect current value & transaction pace.
russman
18/4/2020
18:23
Yes, I reluctantly sold Panther a week or two back. They seem too exposed to retail and technological obsolescence. Will try and get back in again, when the dust settles, as I do like Perloff.
topvest
17/4/2020
09:55
Today RNS doesn't give much away other than they've cobbled some extra cash together and want to pay a dividend. I suppose you can infer from the statement that they can survive 21mths something but they've got 12mths before main 60m loan expires and whilst banks are generous currently as its a suicide mission to be a forced seller currently will they still be that generous in 6-12mths. Nought mentioned on rental collection % nor any reference to the Beales collapse.
nickrl
17/4/2020
08:55
The dividend signal was the positive for me.
russman
16/4/2020
18:56
They will struggle to sell freeholds in the current market. One would have though they would have updated the market as many tenants wont be paying rent. The company has high borrowings and assets aren't worth their current value in a fire sale. They have taken a double hit in buying Wayfarers Arcade most the tenants exited before before the lock-down and it was almost empty, the remaining tenants not enough to pay the interest rate bill and service charges.
debsdowner
16/4/2020
18:28
UK Business Rates will need to be reviewed. & vacancies may offer opportunities for redevelopment.
russman
16/4/2020
16:47
Five ex-beales stores are on the market for sale freehold. Lowestoft (2), Beccles, Diss, Great Yarmouth
trcml
29/3/2020
13:32
Despite the Beales collapse and the fact that most of it tenants must have had to shut up shop and look like they are in the camp 'we aint paying the rent' its share price has been quite resilient over the last month?? Trading at about 1/3rd of last NAV but looks like its always traded well below NAV. LTV of c30% at last valuation but heavy interest and swap costs are a drain. Looks overpriced to me as unlikely to get a special dividend again or any dividend but then again with heavy family owning they want an income!
nickrl
20/2/2020
09:53
Perloff has made a big mistake with the Purchase of Wayfarers' arcade it had two anchor tenants in Multiyork the smaller one which went but a while ago and now the main anchor tenant in Beales. The arcade is already 75% empty with more stores set to close. The ones that are left will be wanting to close their units and the arcade will be empty Perloff bough a whie elephant he isn't as bright as some people make out. There was an article in the Champion, the local press rag, which criticised Perlof blaming business rates, he said the rents were low and many didn't have to pay business rates. But in fact the tenants hit out saying only 2 of the 30 plus units didn't have to pay business rates and Panther made up for his so called low rents by extortionate service charges. The nan has showed himself up as a clown and set out to mislead the press and the public in relation to a previous press article he made prior to the one on Tuesday. The closing on Beales will reduce yearly yields and rental costs will fall. Https://www.champnews.com/papers/ This is not the only shopping centre Panther bought. The Pedlar family saw it coming 4 years ago the decline in footfall Panther bragging about the high yield on the Arcade and the prospects of more rents to come by filling up the empty units at the time gone up in a puff of smoke.
debsdowner
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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