Primary Health Properties Share Discussion Threads

[jimbo3352] 21/6/2010 10:00

Perhaps a recovery in the share price will come when the June property revaluation goes through. The interim guidance seemed to indicate that net asset value would increase with lower yields. Seems a nice steady share to hold for dividend yield and some capital appreciation in due course.

[the shuffle man] 16/6/2010 08:56

Anyone got any ideas why these are selling off Eddison reiterated their buy the other day

[topvest] 08/5/2010 17:46

Interesting. I hold shares in both companies. I had wondered whether it would be PHP that were interested.

[eburne1960] 04/5/2010 18:57

Off the top of my head, disclosure requirements change when there is a bid approach. I think holders of more than 1% have to report to the market. I started having a look at the Takeover Panel website, but I began to slip into a coma......

[doe808] 04/5/2010 18:11

Interestingly, I though it had to be over 3%, before you reported to the market ?

or is that figure discretionary ?

[eburne1960] 04/5/2010 14:47

Actually it's the other way round - PHP have 2.99% of AH. There were rumours at the time of the approach that PHP was the one who had made the approach to AH.

[doe808] 24/3/2010 13:24

New research note by Edison-

[skyship] 25/2/2010 18:10

Good value, but PSPI are cheap - not exactly the same admittedly, but the 8.2% yield & 45%/50% NAV discount provides the edge...

[old crow] 18/2/2010 18:43

Nice div at 8.75p
Thank you PHP for looking after your shareholders

[makingheaps] 18/2/2010 10:51

New agreements coming thick and fast again. Great news. Great income share but should also see a re-rating this year

[doe808] 09/2/2010 23:35

From Daniel Stewarts note on Care Capital

"- As at 30 Sept 09, the properties included in the disposal were valued at £22.95m and provided a rental income of £1.41m p.a..


- As an indication of the contribution that the disposed rental stream provided, Group rental income in the YE 31 Dec 08 amounted to £2.86m and was £1.60m in H1'09."

[old crow] 09/2/2010 18:56

MakingHeaps, you will on this one and i like the security.

As in mentioned before am in PHP for the div, bought in at 280p and 282p
should there be any falls will increase holding.


Primary Health Properties buys Sinclair Montrose Properties
08:54 | 08.02.10

By Deirdre Hipwell

Primary Health Investment Properties, a subsidiary of Harry Hyman's Primary Health Properties (PHP) has bought Sinclair Montrose Properties for a total, including costs, of £24.2m.

Sinclair Montrose Properties is a wholly owned subsidiary of healthcare real estate developer and investor CareCapital Group and owns a UK-wide portfolio of 14 medical centres.

Hymans' PHP is one of the UK's largest providers of modern, purpose built primary healthcare facilities.

The purchase price of Sinclair Montrose Properties is £23.5m which also includes repayment of debt secured on the portfolio, which is payable in cash on completion. The costs of £24.2m are being financed from PHP's existing cash facilities.

The properties are located at Chafford Hundred, Edinburgh, Wingate, Watlington, Burnley, Ipswich, Leamington Spa, Chalford, Southampton, Lydney, Hinckley, Hornchurch, Consett and Darlington. The total rent roll including outstanding rent reviews is approximately £1.5m a year.

All fourteen investments are fully let for occupation by General Practitioners, Primary Care Trusts, NHS bodies and Pharmacy Operators with an average weighted unexpired lease term of 17.8 years. In addition, PHP said that a number of the properties have surplus land available for future gains through active asset management.

As part of the deal PHP has the right of first refusal on all primary care property developments brought forward by CareCapital Group for a period of three years from completion. There are seven existing identified projects at various stages of negotiation.

Harry Hyman, managing director of PHP said: "This is a significant acquisition for PHP, and is the second largest portfolio we have acquired. The fourteen properties will boost our portfolio in gross asset terms and demonstrates our commitment to the strategy of enlarging our asset base rapidly through a series of targeted acquisitions."

PHP was the top-performing listed property company in the "noughties". Data produced for Property Week by Nomura show that the owner of doctors' surgeries, including in Port Talbot, south Wales, produced a 350% return - comprising dividends plus movement in share price over the decade

[makingheaps] 08/2/2010 13:22

Nice acquisition announced today. Initial yield of more than 6% with upside development potential and more business to come with another seven contracts in negotiation. Sounds like we will be in for a busy year.

[riskier] 13/11/2009 09:36

Sold the other 689 @ 279, for a tidy 49p a share profit. Now back to core holding of 3000. Bring on the news!

[aa29] 03/11/2009 16:19

Perhaps both of you haven't understood what 3800 was telling you. If your shares are held in the same nominee account as other shareholders, it's quite possible that you will be granted more shares than you expect because others (with Stocktrade in this case) haven't sought to top up. So it is plausible that the 1400 allocation is correct by applying the acceptance ratio to the larger number of shares in the nominee account.

[riskier] 03/11/2009 09:43

eburne1960

true, hence my 600 (1 for 5) + 800 scaled back to 111 totalling 711.

[eburne1960] 02/11/2009 20:22

In fact there was heavy scaling back:

Under the Open Offer, valid acceptances have been received from Qualifying Shareholders in respect of 6,333,714 Open Offer Shares in aggregate, representing approximately 89.8 per cent. of the Open Offer Shares offered pursuant to the Open Offer. As a consequence, 719,575 Open Offer Shares were available for subscription under the Excess Application Facility. Valid applications under the Excess Application Facility have been received in respect of 5,108,172 Excess Shares. Applications under the Excess Application Facility have therefore been scaled back accordingly.

[3800] 02/11/2009 17:50

Hi riskier
I expect stocktrade held you shares in a nominee account together with everyone elses if very few holders applied for the Excess Application Facility for extra allication you may not have been scaled back at all.
3800

[riskier] 02/11/2009 11:22

Anyone else with Stocktrade? I applied for 1400 shares in the Offer, so should have got 711. Stocktrade have added 1400 shares to my holding, but not refunded any monies. Very tempting to sell the extra 689 shares and pocket the difference. I have emailed them, but no response so far.

[richard collins] 19/10/2009 16:56

Reckon that PHP investors are putting returned funds back to work in PHP hence the rising share price.

[daveofdevon] 19/10/2009 16:41

Application funds returned to my account at Hargreaves Lansdown this afternoon.

[richard collins] 19/10/2009 09:00

Lookin' v.good is our PHP lads and lasses!

[3800] 16/10/2009 15:07

Thanks for the feed back over that I did wonder if my money had "gone astray"
3800