Primary Health Properties Share Discussion Threads

[affemoose] 02/12/2024 09:45

There is an assumption that Inflation will go up

Short term this is probably right due to winter fuel costs etc etc

Longer Term because of increased Gov borrowing in UK, and likely massive borrowing by the Populist in Chief who's won the presidency and both houses in the US from January.

I do honestly think that this share offers good value, and it's discount to NAV is kinda encouraging but... who would buy the assets? That's the key here - this isn't a simple asset to sell off - it would probably be to a Private Equity company, Sovereign wealth fund etc - so the market is small and illiquid. Hence accurate pricing is hard to come by.

SO.. for now - take the Divi, Compound it, place share firmly in the bottom draw and forget about it until a day dawns that has sane government and low inflation. (May be a while)

GLA

[skinny] 29/11/2024 08:20

The opening auction UT of 256 shares @91.60p!

[goldgeezer] 29/11/2024 08:15

What's brought a 4% drop on.

[woodhawk] 17/10/2024 08:43

I'm really here for the great quarterly divi yield, but I'm in no way averse to a significant capital gain on top - hopefully after I've completed my buying.

[affemoose] 17/10/2024 08:23

With a near-certain reduction in Interest rates on the cards, below 2% consumer inflation, a drop in pay inflation into the 'OK Zone' we should see more drops in interest rates next year and that can only be good for PHP Asset prices and therefore NAV.

Add to this the very significant Yield and we have a string position going into a lower interest rate environment.

All round - finally (it's been a long wait) I think we'll start to see slow but steady share price improvement here significantly above the 100p mark.

[niklol] 16/10/2024 19:09

Excellent day
Back to 100

[niklol] 16/10/2024 19:09

Excellent day
Back to 100

[niklol] 16/10/2024 19:09

Excellent day
Back to 100

[mirandaj] 16/10/2024 15:16

Section from today's announcement for interest:

"On the development side we legally completed and have now commenced construction of the new South Kilburn Medical Centre which is part of a large housing redevelopment in the London Borough of Brent. To ensure the viability of the project the Integrated Care Partnership and Brent Council contributed £1.0m towards the infrastructure and fit out costs for the medical centre. The project will be accretive with a yield on cost of 6.2% and a profit on cost in excess of 10%."

Looking good so far:



From Brent.gov.uk September 2023 :

Background 

3.2.1 Planning permission was granted for a medical centre within the Peel development and was part of the Development Agreement with Countryside (Vistry) who are building out the scheme, including the medical centre to shell and core. This is currently on site, with handover to PHP (the operator) to fit out in autumn 2023 and for handover to the Kilburn Park Medical Practice in 2025, and for the provision of enhanced services provided by the Kilburn GP Cooperative primary care network.  Outline designs for the fit out have been completed and the negotiation of the occupational heads of terms with the thirdparty operator, Primary Health Properties (PHP) are underway.   

[warranty] 16/10/2024 10:53

Q3 results look positive and seem to be received well so let’s hope we can push on again from here and back over the £1 barrier?

[panshanger1] 10/10/2024 07:13

Ex div today 1.725 payday 22/11

[skinny] 06/10/2024 13:00

Sunday working for the downmarker!

[woodhawk] 06/10/2024 11:51

Many thanks, Skinny.

[woodhawk] 06/10/2024 11:27

Mirandj,

That article is pay-walled.

[mirandaj] 06/10/2024 08:06

Primary Health Properties is mentioned in this article.

[petersinthemarket] 01/10/2024 09:56

>>#1284 Businesslive is subscription only

[ygor705] 29/9/2024 07:41

I see that the Eire government has just revised its forecast for this year up from E1.5 billion to E25billion! All sorts of giveaways under consideration so the wealth trickle down has begun. Not sure what discussions about reduced stamp duty for block hedge fund purchases of property is all about but some of it might rub off here. When will the Irish finally wake up to the fact that they're getting richer than the English?

[ygor705] 27/9/2024 11:54

I'm not sure what's happening down at the Bank of England but I don't know why we're delaying a 25 basis point rate cut. Do we really need a 1.33 exchange rate against the US dollar........who do they really think they're kidding? Anyway, with the US pumping loads of oil and the Saudis going for volume rather than price another UK rate cut should not be long delayed which should sustain the upward trend here.

[williamcooper104] 26/9/2024 14:36

Plus it's very easy to do business in, and the legal system is very similar (often with literally the same laws cut and pasted)