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% 275.00 0.00 08:00:07
Bid Price Offer Price High Price Low Price Open Price
250.00 300.00 292.00 275.00 275.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 13.05 2.57 14.90 18.5 48
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 275.00 GBX

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Date Time Title Posts
18/7/202118:29Panther Securities - with charts367
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 275p.
Panther Securities Plc has a 4 week average price of 245p and a 12 week average price of 235p.
The 1 year high share price is 295p 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 0 shares. The market capitalisation of Panther Securities Plc is £47,919,311.
topvest: Re 353 quote. I think that RNS was one of the best RNS announcements made by a listed company....absolutely priceless Perloff - very astute and very funny. If you read the recent annual report then he has a contrarian view on the value of retail property and has a few angles from change of use, particularly on some of the closed Beales property. I'm not saying he has made all the right calls, because he hasn't. But, Perloff's entry price on most properties has a large margin of safety from a change in use / other angle. Many other properties will be having a worse time than Panther!
hennessy trades: I think Panther are finding New Start 2020 and own all the share capital.
debsdowner: Russman, Perloff used to brag about the potential yield of his retail properties but instead of filling vacancies they just increased. The Wayfarers arcade seemed cheap at the time but the owners of the arcade a private family must have known which way shopping was going. He is in a difficult position now with some of his properties some may be converted to private rented housing but that must be risky now with properties reaching their peak as to prices and a potential housing crash. Any conversions to offices must be high risk. Warehouse facilities are a possiblity but I suspect low demand for small outlets. His lenders must think there is risk as they have reduced his maximum borrowings if i have that right. I just dont think the company is going anywhere fast short term, Peloff will do OK with his stake in the company and his dividends, but its not an investable share imo short term with the wide spread. I will just be watrching on the sidelines but dont expect any fireworks here and good luck to him in any event.
debsdowner: HT "It is intended that Simon Peters, who has been Finance Director for over fifteen years, and played a major part in keeping the Group on a steady course, will step up to be Chief Executive Officer as from 1 January 2022 thus relieving me of some of my responsibilities, despite numerous requests for me to fully retire, entirely from my wife, which seemed to cease towards the end of the first lockdown. Thus I will be able to continue to work for similar hours concentrating on all matters that are most appropriate to my skills as Executive Chairman. " "steady course" !!!! The bealles aquisition which Simon Peters was overseen by turned out to be a dissaster. Rretail was already strugglign before Perloff bought the company. Perloff also bought at least 2 arcades one of which was in Southport which at the time was yieldijng a good return and they thought they could increase the yield and now its almost empty. I would say Perloff has lost the plot and not surprised his wife wants him to retire. It could take years to convert or rent out some of his retail acquisitions and with worldwide property and assets overvalued the company is high risk imo, Notr sure how old Simon Peters is but I suspect not far behind Perloff they have been together a long time. Shareholders who invesst here are investing in an illiquid share in strange times and the1 only thing keeping the share price from falling further is the dividend. There doesnt seem to be any new blood comming in at all so that is a concern, in fact staff have been reduced. There are far more exciting opportunuties toi invest in losts of shares have doubled in price since the pandemic started.
debsdowner: TRCML "economical the truth" sums things up, I missed the results but here is my take: Cover on interest rates has dropped near half compared to 5 years ago is a red flag! His ramblings may on occasions educate people on what or not what to do but he has still made a number of poor aquisitions in particular the Wayfarers Arcade in Southport which is near empty, it would be good to know what rents he is actually receiving for this multi million purchase ! As for hoping to rent out some of these properties I suspect the councils have limited need as a lot of their staff can work from home. Does he not realise the world has changed and that means retail as well ! In fact he has admitted he can manage with less staff that is proof of the pudding and eating ! The results are better than I was thinking but the interest cover has fallen sharply on rents ! As for the 300k concessions he has made this is really a paltry figure! He blames the council for not giving more but I suspect many a tennant in a worse state of health ! The shares are illiquid and when you consider the loss of market cap the last few years the dividend doesn't make up for that ! I would not recommend anyone buying the stock its still too risky, I am not as optimistic as he is on the future in rentals and conversions, I have seen large stores in various towns stay empty for years, in fact many of the previous BHS are still empty today. We have a Debenhmas in our town been empty now for over a year and no prospect at all for conversion or rental as its on the edge of town ! As for some comments by other posters that an illiquid stock proves good over time well it hasn't proved good here. Once the share goes x dividend the share price will probably fall back again ! His ramblings may amuse some but more fless onn the bone as to how some of his aquisitions were actually doing would be of more interest and the statement lacks detail ! All in all this company will never explode into growth it may plod along for years to come but still is risky, the high street has changed forever and a lot of peope are working from home and he doesnt seem to accept this ! Possibly he is now too old to remain the captain of this ship which is still burdened with a lot of debt and on that front the debt ceiling has been reduced !!! TRCML spot on with your entire post its not just Skegness with a low rents there are many more stores or arcades which must be giving Perloff a headache !
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://www.retailgazette.co.uk/blog/2021/04/hammerson-collects-less-than-half-of-rent-due-as-new-finance-boss-joins/ 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: 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: 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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