Primary Health Properties Share Discussion Threads

[schofip] 30/1/2019 10:18

Thanks for that STu7672

[stur7672] 29/1/2019 10:10

https://woodfordfunds.com/investing/terms-glossary/forms-8-3-8-5/

[schofip] 29/1/2019 09:51

Can anyone explain what 8.3 and 8.5 notices are?

[bscuit] 29/1/2019 09:11

Certainly is. Given the deal presumably still has to be resolved why the flurry of 8.3 Notices? A presage of being big enough to attract an infrastructure fund?

[ph1ts] 29/1/2019 08:31

The market is liking it more now.

[schofip] 26/1/2019 23:55

This share is not a get rich quick but a nice steady earner. I am here for the long term so short term movements are pretty irrelevant. The package for MedicX shareholders was sweetened to get the merger done. PHP shareholders will reap the benefit moving forward. I think Brexit is casting a cloud over PHP(IMHO) at the moment as they are heavily in Ireland. A no deal could upset the apple cart however remote it is. I think an orderly exit with "good trade deal" (or remain) should put the wind back in PHP's sails.

[topvest] 26/1/2019 18:20

They will be with Helen Mahey on Board I’m sure, but may take a while I guess. The overall sense is that MedicX holders are getting a better deal, particularly on the dividend front. I would rather hold PHP than MedicX and so I’m happy. I will be left holding PHP and Assura which are the two dominant players. I think it’s still a good deal for PHP as it launches them into being a much larger company. Everyone’s a winner - PHP, MedicX, Nexus and Octopus.

[bscuit] 26/1/2019 14:09

The other big winner is Nexus as increasing funds under management. Conflict? Fee should be reviewed by NEDs on basis of economy of scale?

[topvest] 26/1/2019 13:54

I hold PHP and Medicx, so I'm happy with the deal. Helen Mahey coming across is good news as she is a mightily impressive person. Hopefully a case of 1+1=2.5 in the long-term.

[eeza] 25/1/2019 22:27

The proposed move to consultations by Skpe may also be a limiting factor.

[mw8156] 24/1/2019 15:13

think medicx holders are getting the better of the deal in the short-term and have to hope that, should JC get in, they would not nationalise for little compensation, General Practice and the surgeries,
also General Practitioner shortage will make itself evident in the next few years and many surgeries may have to close, the way things are going.

[makinbuks] 24/1/2019 13:17

Good for Medicx holders who are getting paid a premium to NAV. OK that's in paper and that paper is not quite worth as much as stated in the announcement following this mornings reaction but they'll also get increased future dividends if they hold.

Good for the managers of the funds and the outsourced service companies. One thing that has always concerned me here is the conflict of interest there with H. Hyman. I haven't looked into the ownership of the Medicx suppliers but I note they are getting a £10m termination fee. Mr Hymans management company increases its AUM by around 75% (and that business is all about scale) and uses PHP paper to pay for it. Neat.

For PHP its neutral at best in the short term and jam tomorrow in the form of projected synergies and reduced financing costs. To be fair they may have taken a competitor out which might also make winning future bids a little easier.

[skinny] 24/1/2019 11:24

Its interesting to see the number of times "dividend" is mentioned in both RNS - I also hold MXF.

[pooroldboy55] 24/1/2019 11:21

Also in MEDICX this looks ok to me.

[selborne_edge] 24/1/2019 11:10

I am a holder of MEDICX shares and this is a very good day for those shares. My initial impression is that PHP is a very sound company.

[schofip] 24/1/2019 09:33

Today is a good day to top up if not fully invested. The merger looks reasonable and will benefit from shared services and economies of scale. Not sure what is not to like. Looking at the buy/sell trades. The buys look way ahead.

[bscuit] 24/1/2019 09:00

Imo all share merger is bad for PHP as it reduces the ďividend cover and the market doesn't like the deal either.

[norland1] 02/12/2018 19:37

Positive comments in Sunday Times today. Should see share price reduction tomorrow then.

[rik shaw] 01/12/2018 13:10

I keep getting this with REITS in ISAs and in each case the deducted tax has been paid out later so I've had no need to claim back.

[schofip] 30/11/2018 21:28

Thanks mridyard

[mridyard] 30/11/2018 21:21

Schofip, you might find the link below gives you some guidance on reclaiming your tax. It looks to me like you should be able to if you are a non tax payer.https://www.phpgroup.co.uk/application/files/1015/1275/0124/PHP_Taxation_of_PIDs.pdf

[bscuit] 30/11/2018 21:11

Schofip

I saw that covered in a google search

[mridyard] 30/11/2018 21:02

Bscuit, see link to HMRC tax treatment of PID income in ISA accounts.https://www.gov.uk/guidance/individual-savings-accounts-isas-for-managers-making-returns-to-hm-revenue-and-customs