Panther Securities Share Discussion Threads

[russman] 18/10/2024 05:15

probably a small loss but a much smaller loss than expected.
maybe new Gov will be more accomodating for their Peckham development.

[hennessy trades] 17/10/2024 12:49

What was initial purchase cost from Coop? What has their holding costs been, rates, security, repairs etc. what did it cost them to obtain planning? I think they should publish this to allow investors to gauge just how much value the sale price represents.

[russman] 16/10/2024 16:11

excellent disposal. £4mn, start the buyback program.

[russman] 11/10/2024 05:22

dont think increase in leverage would be a problem, sell some properties to fund it.
25% discount / nav as a goal, say buyback 1m shares per annum for 3 years.

[russman] 09/10/2024 05:40

SP has risen (slightly)
Spread has gone back to too large to trade.
If the shares trade at 50% discount to NAV; start a buyback.
cheaper to buy their own shares back than buy properties , in the medium term.

[russman] 27/9/2024 06:17

could not see nav exc swap stated.
so got my calc out - 620.

[russman] 27/9/2024 05:41

positive interims; bad debt rising / interest costs falling.

[russman] 19/9/2024 05:35

the spread is better but still illiquid.
still think buybacks would help & maybe the discount to NAV would also narrow.
some P.R would be a change - Perloff's suggestions for positive changes to business rates & planning permission.

[ntv] 16/9/2024 13:24

increase in the number of mm's has closed the price a bit
quote shows 307 and 297

[russman] 07/9/2024 04:26

Spread makes trading Panther uneconomic.

[russman] 18/5/2024 05:49

Still positive progress, if slower than usual.
Need to minimise the spread as a priority.

[russman] 31/1/2024 06:22

think they should increase the buyback program.

[russman] 01/12/2023 06:21

Ticking over nicely. Changing use of old Beales freeholds is def the future. High St seems pretty moribund.

[ntv] 26/11/2023 12:45

I see they have rented out part of the former Beales Department store in Peterborough to a furniture retailer
I am guessing that the redevelopment of the site is on hold until the market picks up

[ntv] 27/9/2023 16:26

Nett assets are 661p

[ntv] 27/9/2023 16:24

Looks like it is one of the few property company's to manage to increase nett assets at the interim stage
Full year figure could also be higher due to fall in borrowing costs from the beginning of this month that will save the company circa approx £580k per annum
Maybe they will increase dividend or more buybacks?

[russman] 27/9/2023 16:22

pretty boring, cheap as chips. But will it ever not be so.

[ntv] 30/8/2023 16:47

Looks like the Heybridge site near Maldon is up for rent again
It looks like there is part of it being used currently
Surprised they haven't bee able to plant houses on it but maybe it is designated commercial space

[russman] 28/6/2023 05:18

swaps asset value must be rocketing.

[russman] 06/5/2023 06:20

should have also announced a small share buyback programm, the spread is still too large,

[1tx] 27/4/2023 18:43

Out today,Good figures.Trading at around 60% discount to NAV.Maybe someday the share price will reflect this....We can dream!!

[hybrasil] 19/4/2023 19:18

Presumably results due next week

[ntv] 26/1/2023 11:56

xd today for 10p special

[russman] 16/1/2023 17:43

maybe increase the share buyback programme,

[1tx] 16/1/2023 10:51

The special divi is welcome.The yield as well as the quality of the portfolio seems to be increasing & I think as one or two development properties are sold in the future eg Bedford & Peterborough we may see future special divis.However the spread on the shares means that it not sensible to sell or buy shares presently.As Panther is a small part of my investments it is not a problem.