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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
  0.00 0.0% 205.00 180.00 230.00 223.00 205.00 205.00 0.00 08:00:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 14.2 -5.0 -23.1 - 36

Panther Securities Share Discussion Threads

Showing 376 to 400 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
26/2/2021
20:40
Not a shareholder holder, but a follower (commercial property very knowledgeable). Market cap about 50% CV of portfolio valuation. Assuming actual sale price of portfolio circa 20% lower, the share price is perhaps slightly on the high side. Interesting, AP is experiencing difficulty refinancing, having to include some uncharged property to top up: one lender friendly, the other wary understandably, secondary property of the calibre P owns, particularly vacant ex department stores, is not flavour of the month.
trcml
26/2/2021
14:46
nickri Yes have red the RNS and one must read the valuations with caution as the lenders have their own independant valuations but they may not be far out. The dividend declaration been postponed but as the company is collecting 80% of its rents I suspect they will pay a dividend. However the shares are illiquid and a wide spread and the yield not enough to make up for the loss of market cap. Overall I think the shares are risky and there are better places to invest rather than tie money up in a illiquid share with assets worldwide overvalued including property. In the next few years I expect a flood of rental property from conversions from shops and offices and that will affect yields.
debsdowner
26/2/2021
10:18
PNS have update out on refinancing and valuation https://www.londonstockexchange.com/news-article/PNS/update-on-refinance-property-valuations-and-dividend/14879722 Seem to have a valuation thats not deteriorated since last annual results which is surprising but so must the 30% industrials supporting it. They have some issue still sort on the refinancing with one lender secured the other not so are seeking an extension of 3mths on current arrangements. Spent 5m buying themselves out of a swap which is a big expense.
nickrl
26/2/2021
07:35
Have followed for many years and am a commercial property owner 40% gearing here is now actually worrying. They will probably get through this refinance but where are they going?
hybrasil
25/2/2021
14:22
Copied from last interim results: Dividends We paid a final dividend of 6p per share on 7 September 2020 in respect for the year ended 31 December 2019. The Directors hope to be in a position to be able to declare a 6p interim for the year ending 31 December 2020 in February 2021, but such declaration will be subject to gaining a clearer understanding of COVID-19 and its financial effects on our Group so there can be no certainty that such a dividend will be declared. " No news and no declaration and its the last day tomorrow.
debsdowner
25/2/2021
13:33
No news on refinance?
debsdowner
23/2/2021
12:11
1tx You apparently know Southport quite well but Lord St is now half empty with charity shops which would not have been allowed at one time. The Scarisbrick holtel is now owned by Brittania and has one of the worst rating of the hotel industry and they own the Prince of Wales as well which is now a dump! There had been talk of a resteraunt in the ARCADE but nothing inside to attract visitors inside the arcade as the two anchor tennants, Beales and Multiyork now dissapeared and most if not virtually all the 50 plus other small shops now disspeared. It is truly a white elephant which cannot be converted to either offices or retail and the owners did well to sell out when they did they knew shops where on the decline and in fact shopping in Southport was in decline. You cannot pull it down as its a listed building and with Lord Street already a mess who would want to invest considerable money and then lose it all. You only hacve to look at the Bootle Srand which was bought by the coucil and wasted tens of millions of pounds and that indeed may be pulled down to build flats. Perloff has lost the plot on some of his purchases didn't he buy another shopping arcade somewhere as well?
debsdowner
19/2/2021
11:55
Panther is approx 75% owned by Andrew P directly & by various family trusts & companies.I doubt if many "outsiders" have significant holdings.FWIW I have a few thousand shares which I bought years ago.The shares are presently totally illiquid and are unbuyable & unsellable.Over the years they have paid a reasonable divi & the odd special divi.Most recently when the company sold the Wimbledon Studios & the Birmingham "Girl Guides" development at a large profit.Who knows what gems or horrors exist in its portfolio!As far as Southport is concerned as well as The Wayfarers Arcade which is a superb Grade 2 listed Victorian glass roofed emporium;I imagine its only future is to turn it into a Afflecks Palace (Manchester) specialised set up & adjoining Beales;Panther also own 375 Lord St which was a large shoe shop.Until 2007 I had by my standards a very substantial interest in The Scarisbrick Hotel on the same street,which I sold to the then management.Then the hotel was mega busy as was Lord Street.How times have changed!
1tx
14/2/2021
16:15
HT " Perloff late 70's if he stops working what quality younger property men have they got to steer the company into the future? " He has steered the ship into a lot of rough waters with retial proerty and many of its properties not fit to convert to residential and commercial office space is now unwanted. Some of the properties must be givingn him a headache not knowing what to do with them and not enough income to pay interest costs. He made so much of the Wayfairers arcade expected yield now its virtually empty. As tenats start to exit in an arcade the others left look for other properties on the Higfh Street the dieease spreads. Xhopping Arcades are becoming no go areas due to the covid pandemic and even when the UK populatiuon is all vacinated most people now shop online. Panter has painted himslef into a corner with some of his properties and it will be interested to see how he gets out of the situation. As for his arguments about some of the properties being converted into storage, most of the big boys in the field wnat far bigger properties than he has to hold. The big boys wnat land no smaller than a football pitch for storage and that and I dont think he has properties in that arena. I expect a statement possibly this week or the week after when he makes a statement on the dividend.
debsdowner
13/2/2021
17:10
Perloff has seen plenty of ups and downs, so he is as good a captain Panther could have. As you said he is an old dog but where are Panther young dogs? Perloff late 70's if he stops working what quality younger property men have they got to steer the company into the future? Looking at the old account they had an accountant named Rowson who retired and a property chap called Doyle on the board, but it says he resigned to set up his own firm. It's a valid question as there are likely to be stormy waters ahead.
hennessy trades
13/2/2021
16:44
Yes, their web-site has a hideous weighting towards tertiary retail. That being said they are super cheap anyway. I expect Perloff will keep the wheels on, but he is having to push water uphill. You can't teach an old dog new tricks! Anyway, wishing Perloff all the best and hope to get back in as a shareholder at some point. Looking forward to the next Rambling!
topvest
13/2/2021
16:03
Share price lower now than it was in 2008 in the last financial crisis. This suggests Panther could be heading for a lot more write downs and a dividend cut. Many of its retail properties not suitable for conversion and shops could be empty for years. I suspect any refinancing will now come at penal interest rates meaning less profits for the company and greater risk. The banks arent stupid they know commercial property is high risk at the moment charge interest risk accordingly. I bet Panther won't be buying any more shopping arcades for some time. A shopping centre in Coventrly went for a few million recently which was worthe over 10 times its value a decade ago it just shows how these sites have fallen in value.
debsdowner
10/2/2021
16:55
Another reason to avoid is the wide spread on the stock and little volume.
debsdowner
09/2/2021
10:57
Panther are facing massive valuation write downs judging by the location and type of their sites. I expect they will still pay some form of a dividend as the bulk of the stock is family owned and Mr Perloff does not take a salary.
hennessy trades
08/2/2021
10:05
More trouble on the High Street and moree shops to permamently close in the sale of the ARCADIA brands to BooHoo who do not want the bricks and mortar shops. Https://www.bbc.co.uk/news/business-55977587 Panther will hace to write down its property portfolio and there will be less rents as business close the next few months. It will be lunacy to pay a dividend as the CEO indicated in last trading update but we will see, they normally make a statement in Februar. I dont known whehter they have shops renrted to ARCADIA group but they do hacve leaases with many High Street brqnds in distresss and shops at risk of permament closure. The Wayfairers Arcadia in Soutport is a white elephant its 50 stores mostly empty.
debsdowner
06/2/2021
10:02
Value trader in a bad market.
russman
05/2/2021
14:31
debsowner the 2nd article interesting especially the view that despite distressed sale doesn't see the banks enforcing covenants on borrowers in 2021.
nickrl
05/2/2021
10:30
Shopping centres and arcade plummeting in value, see this from the Times: "A shopping centre in Coventry that eight years ago was valued at £37 million was sold this week for only £4.9 million, setting alarm bells ringing among lenders, landlords and local authorities nationwide. West Orchards' importance as the city's primary shopping destination cannot be underestimated - "It's almost our Galeries Lafayette," Trish Willetts, director of Coventry's business improvement district, said, comparing it with the landmark Paris department store - but now interest in the centre is spreading far beyond the West Midlands and what, from May 1, will be the UK's "City of Culture". - The Times The closure of the Debenhams would have been the nail in the coffin for the arcade and its leasholders income, thus forcing them to exit the lease from the council at a knockdown price. Https://www.westorchards.co.uk/shops/ More on the sale here: Https://bmmagazine.co.uk/news/coventry-shopping-centre-sells-for-knockdown-4-9m/
debsdowner
28/1/2021
09:14
nickt, he will be blaming everyone else instead of himself, the GOV the councils the pandemic. But he he should have known the High Street was in decline years ago but still purchased shopping centres, now some are almost empty.
debsdowner
27/1/2021
18:28
debsowner reckon they will probably get funds at 4-5% on sub 60% LTV although compared to what others can get its punitive. still looking forward to the chairman's rant
nickrl
27/1/2021
14:53
Panther is to announce whether it will pay a dividend in February and its increasingly unlikely now imo so no yield. The High Street is looking like a ghost town and no one wants office space meaning less commercial interest in the business. The banks must be very worried now about commercial property and any refinance may come at punitive rates.
debsdowner
19/1/2021
14:56
nick, You make some valid comments everything needs reassessing with low interest rates but bear in mind higher yield higher risk. In the meantime HSBC just announced the closure of 82 branches further decimating the High Street and putting more downward pressure on commercial property. Https://www.bbc.co.uk/news/business-55720206 There are few buyers for commercial property at the moment.
debsdowner
19/1/2021
13:40
debsdowner HMSO are very exposed to retail and thats where the can pay but wont brigade reside so once moratorium is off they will see some recovery. I thought many propcos were overvalued for same reasons as you but have decided that the vast liquidity and declining interest rates means rational investing is being usurped by the wall of money looking for yield now. Doesn't mean im going to jump on the boat but im having reassess entry points at a higher level than i would have pre covid.
nickrl
19/1/2021
12:16
No news yet on financing and in the meanwhile property stocks like Hamerson are only obtaining less that 50% of their rents. Commercial property is way overvalued which places this stock at high risk due to the high debt. Https://www.ft.com/content/ddeebbb9-257c-4ece-9f1c-1083c529a27a
debsdowner
22/12/2020
19:10
Maybe unethical but legal asset stripping.
russman
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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