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PHP Primary Health Properties Plc

91.55
1.30 (1.44%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Primary Health Properties Plc LSE:PHP London Ordinary Share GB00BYRJ5J14 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  1.30 1.44% 91.55 2,729,429 16:35:23
Bid Price Offer Price High Price Low Price Open Price
91.30 91.60 91.75 89.35 89.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 169.8M 27.3M 0.0204 44.85 1.22B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:14:50 O 803 91.10 GBX

Primary Health Properties (PHP) Latest News

Primary Health Properties (PHP) Discussions and Chat

Primary Health Properties Forums and Chat

Date Time Title Posts
18/4/202413:52PHP with charts1,203
17/11/201713:40Primary Health Properties-
23/9/200509:19Primary Health Properties345
29/4/200508:57qw-

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Primary Health Properties (PHP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-18 17:15:1091.10803731.53O
2024-04-18 17:14:5891.3014,69813,419.57O
2024-04-18 17:12:1091.1416,52815,063.45O
2024-04-18 17:10:1991.11160,307146,052.50O
2024-04-18 17:00:2091.55593542.89O

Primary Health Properties (PHP) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by Primary Health Properties Daily Update
Primary Health Properties Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker PHP. The last closing price for Primary Health Properties was 90.25p.
Primary Health Properties currently has 1,336,500,000 shares in issue. The market capitalisation of Primary Health Properties is £1,222,897,500.
Primary Health Properties has a price to earnings ratio (PE ratio) of 44.85.
This morning PHP shares opened at 89.35p
Posted at 16/4/2024 19:02 by r9505571
I like this share because private treatments are on the increase. My Dad is 87 and getting an operation to resolve a cataract. £200 for the consultation and £2.5k per eye! I'm waiting on a scan but even going private the wait is still a month where it used to be a couple of days. Also huge problems trying to get a referral from my GP but got there in the end!
Posted at 21/3/2024 09:00 by ygor705
Looks like we might be starting to move back up to the £1 mark here. A recent post was talking about this being a decent hedge with 10 gilts. If that is the case and PHP is trending like a gilt, last night's Fed announcement should push the share price better.
Posted at 20/3/2024 10:29 by williamcooper104
It's strange in that PHP has long had notable shorts of c4-5 percent That's not that high but it's higher than its peers The leverage is if not toxic still quite high; and once it did trade at very high multiples, so perhaps that was the attraction
Posted at 20/3/2024 09:58 by chucko1
That inflation number is mixed, in that the services component was not as encouraging as the core headline. Nevertheless, it was instructive to listen to Lagarde talking in Frankfurt, citing services (hence wage) inflation as being a key determinant of future policy. I suspect the BoE are similarly positioned and we will hear more from Bailey very soon.

The bullish argument is that wage inflation is severely lagging, and that monetary policy will eventually and significantly transmit through to wages etc. Countering this are European demographics, likely less so in the UK but "illness/disability - [ha-ha]" might equalise this.

In terms of the short positions on PHP, none are particularly aggressive, and do not appear to be questioning the business viability. A key hedge fund trade with respect to REITS has been the spread against government bonds, which had narrowed significantly leading up to the turning point in the IR cycle. At that point, I totally agreed and sold heavily, but I think it is far less clear now that REITs remain expensive to Gilts. If you look at the way in which, for example, GLG alter their position on a micro basis, it does suggest a relative value trade rather than something more toxic.

I bought a few this morning, the first position for a couple of years. It is by far from being a short term trade, and I expect to buy quite a few more as and when.
Posted at 19/3/2024 20:58 by blueclyde
Why worry about the shorts? They could simply be hedges against long positions somewhere else. This share is a bond proxy. Pull up a chart you can clearly see where the Truss budget blew up the share price which was an added discount onto the moron discount applied for Brexit. I think this bounces back to 105p on soft CPI data then trends towards the highs as rate cuts start to priced in. At the same time you are printing cash in dividends.
Posted at 18/3/2024 08:37 by masurenguy
Primary Health Properties
Shares Magazine: March 2024

This real estate investment trust invests in the “modern, purpose-built primary care facilities” that the NHS needs to deal with the challenge of an ageing population. Long-term leases to government-backed bodies make for a highly reliable income stream and near-100% occupancy rates; 28 consecutive years of payout growth put PHP among the FTSE’s “dividend royalty”. On a 21% discount to net asset value and on a 7.7% yield, the stock seems cheap. 90p
Posted at 01/3/2024 11:31 by ygor705
Just been tidying up my ISA portfolios and decided to chuck out the non-performing dross and balance that with a bit of profit-taking. Had a bit of cash left over so decided to top up here. The one thing about PHP is that it is a rock solid performer and consistently high dividend payer. Its record is solid over decades and deserving of a better rating. Once interest rates start to turn down the share price will slowly pick up......just a matter of being patient.
Posted at 28/2/2024 07:06 by skinny
Harry Hyman, Chief Executive, commented:

"We are encouraged by the organic rental growth achieved in 2023, resulting in another record year with an additional £4.3 million generated from our rent review and asset management activities. The strong rental growth in the year has been reflected in the positive total property return, significantly ahead of the wider property market.

"Furthermore, with over 97% of PHP's debt either fixed or hedged, a strong control on costs, significant liquidity headroom and just one development on site we have limited exposure to further cost increases and development risk.

"The high quality of PHP's portfolio reflects the security and longevity of our income with 89% government funded, near full occupancy and continued rental growth which are key drivers of our predictable cash-flows and underpin our progressive dividend policy with 28 years of continued growth. With a market leading portfolio across the UK, and increasingly in Ireland, we are well positioned for long-term success."
Posted at 26/2/2024 22:39 by warranty
I genuinely fear what’s going to be in the results Wednesday judging by the share price. I’d seen this as one of my safest stocks but clearly that’s not the case so I’m hoping it can reassure and start to recover.
Posted at 07/9/2023 21:25 by mirandaj
The Company will not place or issue any new PHP shares in connection with its application for a secondary listing on the JSE and will remain listed on the premium segment of the Official List in London. PSG Capital Proprietary Limited have been appointed as Corporate Advisor and Sponsor.

PHP believes that admission to trading of the shares on the JSE will be beneficial to the Company and its stakeholders. The Board of PHP believes that the secondary listing can be expected to contribute to liquidity in the Group's shares through its increased profile in the South African market, where a number of investors have already shown strong interest in investing in PHP, driven by its high-quality, government-backed income stream and robust operating model.

Interest and liquidity  are key.
Primary Health Properties share price data is direct from the London Stock Exchange

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