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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% 175.00 150.00 200.00 175.00 175.00 175.00 0.00 00:00:00
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 351 to 375 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
26/10/2020
05:07
Had a look around some of PNS local retail properties. The high st was pretty bleak with increasing vacancies. Some adjoining development potential but retail will be a drag.
russman
25/10/2020
18:30
I sold out but I am still watching a re-entry. I hope Panther will survive and prosper, but now is not the right time for a re-entry in my view. Of course, Mr Perloff is getting on a bit and so there is the retirement risk out there as well. I guess he could work on for a decade or two, as he doesn’t seem the retiring type, but he’s so fundamental to Panther.
topvest
25/10/2020
17:25
The Beales in Southport wont make a hotel site its not big enough, he has made a mistake with the purchase of Wayfarers. It could be a white Elephant for years. The remaining tenants apart from a barbers at the front will probably leave now leaving the arcade empty. I think Panther have another shopping centre it purchased a few years ago I suspect that is a white elephant as well. There will be more write-downs imo I would await final results before I took a stake and see how bad things have become.
debsdowner
25/10/2020
15:00
The ex Beales might be a potential hotel site which could be merged with the arcade to create an interesting entrance or lobby for the hotel. Will cost a lot to convert assuming there is future demand. On Panthers website they have another large vacant retail unit near to wayfarers with a very high rateable value. Looks as if it has been vacant a long time. Obviously any conversion cost will raise panther base cost massively. I was thinking of getting in new the shares are way below 200p. I'll think about it as there may be further to drop.
hennessy trades
25/10/2020
14:35
He's normally got his eye on an alternative use scenario I suspect, but I agree that Panther have been too exposed to technologically obsolescent retail shops.
topvest
25/10/2020
12:15
Wayfarers Arcade "With the adjoining properties in Lord Street, which are currently occupied by Beales Department store, the freehold properties contain approximately 75,000 sq ft of retail and ancillary space on a site of about 2 acres most of the property being listed. To the rear of the site there are two car parks, for the use of customers of the store and arcade and a separate warehouse rented by Beales. The properties produce a gross income of approaching £650,000 of which approximately one third is derived from the Beales department store. The Arcade contains forty eight units of which eight are vacant with a potential extra value of £85,000 per annum. Panther has a close relationship with Beales and knows that this is a profitable store. The price paid for Lord Street Properties (Southport) Limited, which has no debts, will be approximately £4,500,000 including costs and was paid out of Panther’s free cash generated from previously announced property disposals. Https://www.pantherplc.com/wp-content/uploads/2016/03/Southport-Acquisition-Beales-Final.pdf The price paid appeared cheap at the time but the Pedlar family will be laughing now, shopping habits have changed and the coronavirus made things even worse.. Panther was hoping to achieve a rental circa £750k on their £4.5 million investment, which would have yielded in the double digits now its not paying the interest on its bank loan for this purchase.
debsdowner
25/10/2020
12:03
HT When they bought the Wayfair Arcade in Southport more than 75% full from memory a high yield investment which they said would be higher when it was full. Well I was there yesterday and most the tenants now left in fact there were only two small units and a coffee/eatery left on the ground floor and barbers at the front. Of 48 units in total only 8 remain rented. Wayfarers not only lost their two anchor tenants in Beales and Multiyork 40 units been lost in total! The rents payable wont pay the service charges and interest on money borrowed and could be like that for years. The image of "bursting with gifts" is a deception its almost empty. Http://www.wayfarersarcade.co.uk/ Panther have other shopping centres and I suspect they have lots of empty units as well. No way can a shopping Arcade be converted to offices or rented flats.
debsdowner
23/10/2020
14:02
I think Mr Perloff has always played with a straight bat, but the accounts dont mention how many units they have vacant and to let and what their rates exposure is. I would have expected a bigger write down in the values in the fullness of time. Shares were at 175p last time I looked and with a loan renewal coming up maybe he will consider taking it private at some point.
hennessy trades
23/10/2020
12:21
HT Perloff been economic with the facts and that is causing concern for investors. Property overvalued in the UK and more so for commercial!
debsdowner
21/10/2020
15:10
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
14:40
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
05:19
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
18:35
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
17:54
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
15:54
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
18:02
Well Panther have seen many highs and lows over the years. To date have traded their way forward successfully.
russman
20/8/2020
14:12
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
06:34
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
12:05
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
09:37
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
07:31
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
15:51
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
10:20
Retail valuations took a hit esp Beales.
russman
15/5/2020
19:56
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
11:31
Final results for the year ended 31 December 2019 - HTTPS://www.investegate.co.uk/panther-securities--pns-/prn/final-results/20200515070000PA5CF/
speedsgh
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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