Primary Health Properties Share Discussion Threads

[williamcooper104] 05/9/2024 17:09

It's nothing more than what's been reported over the paywall Merely just a rumour of a bid from PE, with one equity analyst saying that the rumour was credible (which could be said about most UK REITs at the moment) No bidder identified

[petewy] 05/9/2024 16:26

i can't see the directors selling anything. (Harry Hyman????)

I am the UNCLE Skinny....

[skinny] 05/9/2024 16:02

Ask george stobbart's ex girlfriends uncle ?

[affemoose] 05/9/2024 15:57

does anyone know anything about the potential takeover? All sites quoted seem to be behind paywalls - any help appreciated.

FWIW - I bought this share for income, so would rather we didn't get taken out by PE

[panshanger1] 05/9/2024 15:04

Still a significant short position here last time I looked Interesting to see if that changes in the next couple of months

[panshanger1] 05/9/2024 08:18

Come on PHP you can do it !!

[goliard] 05/9/2024 06:44

"Demand" is the wrong word. They should say that there is a "need" for new GP premises and there is no doubt that is true. The NHS pays for them in rent and recognises that there is a need, but they are not demanding them because they can't afford too many. GPs or patients might demand them but that counts for little or nothing as they don't pay for them (at least not directly).

[makinbuks] 04/9/2024 10:20

That's a good question. I suggest that "in great demand" means the country needs more of them a)because we have a growing and ageing population and b) we want to shift more resource to primary care facilities. However, that doesn't mean there is a great demand for them as investments. I don't see a lot of secondary transactions and its not a "hot" area as, for example, student accommodation or warehouses have been for periods. The NAV is a mathematically calculated number fundamentally based on interest rates. As rates fall the NAV is going to increase. The true market value of any property however is only tested in the secondary market. I can't recall PHP ever selling a property although they have bought some in the secondary market.

[affemoose] 04/9/2024 10:03

Like many however - there is a point that rankles with me. The constant statement that Healthcare properties are 'in great demand' and the shrinking NAV.

How Dat?

[affemoose] 04/9/2024 10:03

Well that Monday was uneventful...... :-)

My cousins dogs mates best friends groomers uncles neighbour says ......

[george stobbart] 31/8/2024 16:24

Betaville Uncooked has PHP takeover exclusive today

[makinbuks] 30/8/2024 16:54

Looking forward to Monday now

[woodhawk] 30/8/2024 15:24

george stobart

You'll be back in school on Monday won't you?

[george stobart] 30/8/2024 14:36

Takeover at 30% premium seems now locked based on my ex girlfriends uncle who works for big city office and know money stuff unlike you plebs.

RNS incoming monday morning he says

He told me he never promises, he only guarantees money

[panshanger1] 30/8/2024 11:59

Totally agree long term hold for me ( held for 5 years already !) been buying AGR on dips recently too

[affemoose] 30/8/2024 10:02

I cannot help but agree Makinbuks but sadly we will have no real say in it.

FIngers crossed it stays as is.

[makinbuks] 30/8/2024 08:38

I for one hope not. Ask yourself why PE would want this. Why not have that benefit ourselves as existing equity holders? The interest rate cycle has turned, nothing is ever a 100% given, but PHP could easily re-rate to £1.20 in the coming year. In the meantime you will continue to receive a progressive dividend and margins will improve too as finance costs decline

[george stobbart] 30/8/2024 06:26

PHP takeover chatter on Times & React / Green Street which is a credible source

Shah on property: could GP surgeries be a prime takeover target?
28 Aug 2024 08:15 BST | by Oliver Shah

City gossip puts private equity in FTSE 250 empire PHP’s waiting room

[panshanger1] 21/8/2024 15:29

Nice spike 100 back in sight Been a while

[yachtmaster2] 05/8/2024 12:54

Yep. Added a few yesterday and today.

[return_of_the_apeman] 05/8/2024 12:50

Yep, had some too :-)

[chucko1] 05/8/2024 12:23

7.7% yield on a significantly reduced Gilt YC is an interesting play on such a day. Not without shortish term risk, but I feel like buying increasing panic cheaply.