Primary Health Properties Share Discussion Threads

[skinny] 28/3/2019 07:05

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The Company hereby announces the payment of its second quarterly interim dividend in 2019 of 1.4 pence per ordinary share of 12.5 pence each ("Ordinary Shares"). The dividend will comprise a Property Income Distribution (PID) of 0.65 pence per share and an ordinary dividend of 0.75 pence per share. The Company will be offering a scrip alternative with this dividend.

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[sarkasm] 18/3/2019 07:45

Forward Funding Acquisition of New Medical Centre in Kew

Primary Health Properties PLC ("PHP"), one of the UK's leading investors in modern primary healthcare facilities, is pleased to announce that, following the merger with MedicX Fund Limited, it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Kew, London. The property is due to be completed in October 2019 and will have a net internal area of approximately 845m(2) for a total cost of GBP4.6 million.

The main tenant of the completed development will be the GPs of the North Road Surgery on a 25 year lease with three yearly reviews to market rent. A social prescribing charity, CWC, is taking a five year lease of the remaining area.

CWC has been set up to work in partnership with the NHS and Local Authorities in the delivery of new, purpose built primary care centres in London with a view to the better integration of primary health, social and community care in local communities. Its aim is to reduce residents' reliance on the NHS as the first port of call for every ailment, however minor, and to deliver social prescribing programmes aimed at illness prevention as an integral part of primary care service delivery.

The acquisition increases PHP's total portfolio, following completion of the merger with MedicX Fund Limited, to 484 assets, of which seven are currently under construction, with a gross value of over GBP2.3 billion and a contracted rent roll of over GBP125.0 million.

Harry Hyman, Managing Director of PHP, commented:

"We are delighted to announce this transaction, which is the first opportunity that has come through as part of the merger with MedicX, from which we see significant opportunities to grow our portfolio and support the modernisation of the primary care infrastructure and widening of the provision of healthcare services. We have a strong pipeline of acquisitions in the UK and Ireland and are well positioned to continue growing the portfolio in both jurisdictions."

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

[sarkasm] 18/3/2019 07:39

Peel Hunt Buy 140.00 - Upgrades

[bscuit] 14/3/2019 16:36

I hold both, though mostly in PHP.

[3800] 14/3/2019 14:57

do you hold them both? If so do you ever trade one to the other? You don't have to reply I know it's nothing to do with me but you do seem to have a handle on the relative prices.
3800

[muffinhead] 14/3/2019 13:32

I hold Assura

[muffinhead] 14/3/2019 09:31

Quite a big chart divergence opening up between PHP and Assura

[bscuit] 05/3/2019 17:27

MW did suggest one that with size PHP might become a target I hope not.

[ygor705] 05/3/2019 17:17

SP now showing some strength here after its uncertain response to the MedicX merger. Somebody likes what they see and there has been some comment on PHP reaping major tax benefits by expanding its property portfolio by way of merger rather than direct purchase and development. Harry has now been a reliable performer over a considerable number of years and deserves the benefit of any doubt that may surround the deal.

[schofip] 30/1/2019 14:39

It seems like the market makers did a pretty good job of wrong footing and shaking a number shareholders out of the market before the share price took off. A nice way for them and institutions to take some cheap stock on board. The subsequent rise outstrips the dividends for the year.

[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.