Panther Securities Share Discussion Threads

[debsdowner] 22/1/2020 15:23

This is what Perloff said:

"The following figures exclude the Southport store: Beales pay approximately £800,000 per annum rent for the eleven stores owned by Panther, of which two trade at a loss and will be compromised in exactly the same manner as unconnected landlords to 30% of the current rental payable. This would cost the group approximately £200,000. However, Panther expects to be able to re-let the properties by the time they may become vacant in 10 months.

The Directors would remind shareholders that the Panther Group’s rental income is almost £13,000,000 per annum and they expect all of the freeholds that Beales continues to trade
2

from will have a better value following a successful CVA as a result of having a financially stronger tenant and thus Beales has Panther’s full support for its current proposals. "

If Beales cannot find a buyer then the stores will close and its unlikely they wold be re-let in the current climate.

What a blunder everyone and his dog knows arcades are of the past and finished.

Perloff would do far better concentrating on business rather than his stupid ramblings!

[debsdowner] 22/1/2020 15:11

Wayfarers Arcade in Southport which Panther bough for over £4 million getting more and more deserted and Beales the anchor tenant.

Beales hasn't found a buyer they have increased their borrowings last year to over £17 million and and lost over £3 million last year to end of March. The current year bound to be worse Beales is a dead duck!

Its now in administration and I cannot see how it will survive and Wayfarers arcade been a bad blunder of a purchase.



If Beales closes in Southport then the rest of the tenants will not want to stay some more are ready to close shop.

[russman] 15/1/2020 08:24

A trading update would be welcome.

[topvest] 14/1/2020 20:51

Let's hope not as it would be suicidal. Department stores are close to the end game. We are all hoping that Perloff had a master plan for these properties, that assumed that! Hopefully, a number of the stores can be sub-divided and sub-let. Bournemouth Beales may limp on for a year or two if we are lucky.

[ntv] 14/1/2020 17:30

Surprising to see the share price holding up so well after the Beales news considering they must be Beales largest landlord
Perhaps Mr Perloff is back in the running to repurchase the firm along with a venture fund

[onceatrader] 12/1/2020 15:39

papers’ share tipsters picked for 2020

[topvest] 12/1/2020 14:16

It looks like the inevitable is about to happen..

[ntv] 05/9/2019 21:02

There must be a trading update soon or maybe they should have one for the hell of it !!

[topvest] 05/9/2019 20:30

Bound to be a good read next time we get a Perloff Brexit ramble...one to look forward to. He's nearly as entertaining as Boris!

[ntv] 05/9/2019 16:10

got some more dividend yesterday

[russman] 04/9/2019 06:50

Still think Panther should try some options to improve share liquidity.

[ntv] 04/7/2019 13:26

somebody wants some stock
what is going on?

[topvest] 30/4/2019 21:22

Yes, results today. Just by the deadline, but always a great read. Panther well positioned at this point in the cycle I feel.

[ntv] 28/4/2019 14:00

results due soon

[ntv] 28/2/2019 19:56

Thanks topvest, i have put it on my watchlist.
AAz has killed my portfolio performance this year as it has gone from star performer to poor performer in a matter of weeks
I have had to retire early because of my vertigo and i am only in my mid fifties
Doing some building work and making most of the weather at the moment so getting about is a bit of a problem like going to agm's
been to a fair few over the years and sometimes I was the only other shareholder there!
Do things while you can is what i say because you never know what is going to happen next

[topvest] 25/2/2019 20:10

Hi NTV - I'm not a shorter unfortunately, so its just for fun really. I've been watching the Woodford debacle (WPCT, Woodford Equity Income Fund and Investee companies such as Purplebricks) for 2/3 years now and that is starting to get critical. Not making any money out of it as shorting is a risky game, but helps improve your investing game if you find losers and are proved correct. Woodford is particularly interesting as this will be headline news when the funds go down, as i think they will.
Panther for me is a hold forever stock whilst Perloff is around. He's a legend. I will have to go the AGM when I retire and have a bit more time on my hands!

[ntv] 24/2/2019 21:24

agreed there. difficult to short a lot of stuff out there
have tried a couple like purple bricks but they closed my short out
tried several others of similar credentials but the amount of stock they will let you do is minimal
a couple of traders have got brokers who let them short sometimes pre market, which makes life of easy pickings
still if i make a few bob i am a happy bunny but i think our portfolio is down to about 10 stocks now
it has become a real traders market
I have to admit my partners portfolio is outperforming mine this year! so got a bit of work to do to catch up
always interested in a real dross you find just post here
Foreign takeovers will hold up some parts of the market as they buy up what is left of brands etc (where they can anyway)

[topvest] 24/2/2019 12:47

I'm not really investing at the moment. As in 2007, I'm waiting for the inevitable bear market before I reinvest a circa. 20-25% cash position in my portfolio. Patience is required as it gets a bit boring. Its more fun picking out the disasters waiting to happen, rather than picking winners at this point in the cycle.

[ntv] 23/2/2019 21:07

Thanks topvest
I didn't think I would buy much with the proceeds and thought i would hold the cash until after the so called brexit date at the very least but as usual i got tempted to use the cash raised here and the above also pay generous dividends
My stop/loss on AAZ got triggered but i was outside doing some building work so never acted upon it
it has since recovered some what i have since reduced my holding
as usual some interesting value plays about but a lot don't match my criteria but a fair on the watch list again
We have had early year gains with profits on AVCT and BBSN so a reasonable start to the year though only small positions

[topvest] 23/2/2019 10:44

Well done NTV. I've not got a massive holding in Panther, but happy to keep holding.

[ntv] 23/2/2019 09:40

I unloaded part of holding here into the last jump in the share price mainly because of the experience with their largest tennant. Sale of 7500 shares probably held back the price a bit
Probably going to hold the rest longer term unless a huge jump in the price as these special dividends are very useful at boosting dividend income
Other factors came into the equation as well as I wanted to add to positions in MANX, GRP and SPSY

[ntv] 22/1/2019 17:35

large trade @ 410 shown after hours

[ntv] 17/1/2019 10:27

nice dividend received today

[ntv] 28/12/2018 12:08

Ordered an Airsprung mattress from BEALES on line on 1/12/18
failed to deliver with hopeless customer support
Today i gave up as customer services is closed for internet sales
now asked for my money back If i don't get a response re the monies going to call the bank and get them to sort it
They certainly won't survive a downturn with that sort of customer service

[topvest] 08/12/2018 13:32

If you look at this building, it could quite easily be split into 3 units. Looks a very good deal. Perloff is an astute deep value investor!

Possibly potential to convert upper floor to residential.