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 Shares Traded Last Trade
  0.00 0.0% 245.00 0.00 08:00:22
Bid Price Offer Price High Price Low Price Open Price
220.00 270.00 265.00 245.00 245.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 14.23 -4.96 -23.10 43
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 245.00 GBX

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Date Time Title Posts
26/4/202112:30Panther Securities - with charts343
12/11/201509:06ANOTHER GOOD READ- Annual statement2
26/1/200920:39Panther Securities58

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Panther Securities Daily Update: Panther Securities Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker PNS. The last closing price for Panther Securities was 245p.
Panther Securities Plc has a 4 week average price of 245p and a 12 week average price of 205p.
The 1 year high share price is 265p while the 1 year low share price is currently 155p.
There are currently 17,425,204 shares in issue and the average daily traded volume is 1,785 shares. The market capitalisation of Panther Securities Plc is £42,691,749.80.
trcml: Research shows that illiquid shares outperform over the long-term. As investors and traders like flexibility for buying and selling decisions they want liquidity but the liquidity adds a premium to the share price: in other words, investors overpay. Property is a long-term investment: it makes no sense to provide regular updates just to join in with the hype. In my view, it is not that the market is necessarily sceptical of the management history so much as the quality of the assets and growth prospects. personally i think Panther is past it, but the old boy might surprise us yet!
debsdowner: itx What about the debts? Assets are overvalued throughout the world and in the UK there is an excess of both retail and office space and that is the risk here. If he was that shrewd why has he bought proerty arcades which have become empty and worthless? You only have to read the news on the Coventry arcade and Bootle Strand the latter which is now a white elephant and costing the rate payers millions. In the meantime Hamerson have revealed they are only receiving less than half their rents due|: HAMERSON the property owner has only collected half its rents Https:// If you think AP is a shrewd guy well why is the share price at a significant discount to its net asset value and an illiquid share to trade when the stock market was on a high recently? The market speaks volumes its not being traded as its treated as a high risk investment and being avoided due to the markets sceptical views on management history. If property values fall and rents fall the risk rises.
trcml: 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.
debsdowner: 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.
nickrl: PNS have update out on refinancing and valuation 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.
debsdowner: 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: 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.
russman: 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.
debsdowner: 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:// 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: 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.
Panther Securities share price data is direct from the London Stock Exchange
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