|Primary Health Properties
||EPS - Basic
||Market Cap (m)
|Real Estate Investment Trusts
Primary Health Properties Share Discussion Threads
Showing 1026 to 1047 of 1050 messages
|Really solid defensive share this one. Got to be almost as safe as cash and giving a decent divi. OK I did say "almost".|
|Dec y/e prelims out tomorrow (16th). Up or Down???|
|Obviously a good deal, but no yield indication?|
|New Edison research note out today...
Secure and growing income - HTTP://www.edisoninvestmentresearch.com/research/report/primary-health-properties34/preview/|
|People being spooked by the recent gating of open-ended commercial/residential property funds have resulted in the sell off that we are currently witnessing.PHP is a very different proposition with long tenancies guaranteed and paid for by the UK government - it is almost bond/gilt like in nature and has a quarterly dividend > I expect more institutional cash to move in to this as it needs a safe diversified home; holders should not panic and hold IMHO.|
|Trading Update - HTTP://www.investegate.co.uk/primary-health-props--php-/rns/trading-update/201605200700077919Y/
· Successful, over-subscribed share placing, raising gross proceeds of £150 million
· 19 completed properties acquired for an aggregate consideration of £53.8 million with an ongoing, attractive pipeline of opportunities in both UK and Republic of Ireland
· Property portfolio comprising 292 properties with a total value of £1.2 billion
· Total contracted annualised rent roll increased to £66.6 million
· Interest rate reduced by 3.92% on £88 million of debt by restructuring associated swap contracts|
|So sell price down to 100 now and haven't taken my option up yet (deadline lunchtime tomorrow) - not terribly compelling!|
|Eburne1960 thank you for directing to the prospectus - I've got it now.
Strange that the link on the right hand side of the home page which says publication of prospectus does not take one to the prospectus !?!
Anyway thanks again.|
|Actually db60 I have read it - you still appear to be reading the announcement of the issue of the prospectus rather than the prospectus itself. Go to the company website (www.phpgroup.co.uk) - on the bottom left of the front page under where it says "Latest Documents" is a pdf - this is the 202 page prospectus. The announcement is an announcement not a prospectus, which is why it says it is not a prospectus, whereas the prospectus is a prospectus, which is why it says it's a prospectus. Perhaps you understand now why I gave you the short version....|
|Thanks eburne1960. Unfortuneately the Prospectus on PHP website states exactly the same! I wonder if you bothered to read it before you responded in such a short manner.|
|db60 - if you're that easily confused it might be an idea if you read the prospectus (on PHP's website) rather than the announcement of the prospectus!|
|So with a 1.3p divi for existing shares, that would take the closing sale price today from 102.25 to sub 101, compared to the new shares. So a 1% gain - I'll probably take mine but hardly seems worth it as I hold a good chunk already|
|Fees paid of £4million to advisors on the placing.That's 3.3% of gross proceeds.
A shameful amount which reflects very badly on Management.Placing the new shares at a 9.5% discount will be a piece of cake for brokers involving very little hard work.Management and shareholders have been taken to the cleaners in this respect.|
|Winsome and eeza--
Totally agree, though the percentage price retreat is much less than AGR.
Have lots of both already, but I regard them as equivalent to bonds and very safe. I will take-up and buy more.|
|"the discount for the placing seems excessive"
Not to mention the £4mill expenses.|
|For long term holders it is positive. Not sure if I'll subscribe for any more at 100p. I'm loaded up with enough Assura, PHP shares and bonds.|
|It will no doubt pick up in time but the discount for the placing seems excessive.|
|Just when my holding was starting to go positive.... Last weeks rise was too good to be true. At least they are doing it for good reason but my experience is this can put the price into the doldrums for a while|
|So we get a spike in the share price a day before they announce a placing. Same thing happened to Assura share price a few days before they announced a similar placing last year. Is this legal?
Besides that, I predicted over on the Assura BB that PHP would follow in Assura's foot steps and do a placing to fund more development but mainly to clear debt. Good to transfer it to shareholders to earn the div instead of the banks and PHP may well join the FT250 with the enlarged market cap just like Assura did. Happy days for these companies and solid holdings.|
|Would have preferred it in 2 weeks when I will bed and ISA part of my holding!
Concerned this might be a pension fund predator movement. MW has long thought that is a possibility.|
|That rise was unexpected!|
|PHP's strategy of increasing its size to cover the dividend has worked and there is little reason to believe that the progressive dividend policy will not move on from here. Looks pretty solid to me.|