Share Name Share Symbol Market Type Share ISIN Share Description
Primary Health Properties Plc LSE:PHP London Ordinary Share GB00BYRJ5J14 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 0.5% 160.20 3,285,731 16:35:15
Bid Price Offer Price High Price Low Price Open Price
159.80 160.00 160.60 158.00 158.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 79.60 74.30 10.50 15.3 1,949
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:43 O 8,653 160.20 GBX

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Date Time Title Posts
14/1/202007:03PHP with charts893
06/12/201718:42Hardman & Co INTERVIEW - Primary Health Properties2
17/11/201713:40Primary Health Properties-
23/9/200508:19Primary Health Properties345

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Primary Health Properties (PHP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-01-17 18:29:46160.208,65313,862.11O
2020-01-17 17:56:51160.2011,57218,538.34O
2020-01-17 17:49:14160.1213,88322,229.18O
2020-01-17 17:45:11159.9640,83765,322.05O
2020-01-17 17:41:48159.981,0731,716.63O
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Primary Health Properties (PHP) Top Chat Posts

Primary Health Properties Daily Update: Primary Health Properties Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker PHP. The last closing price for Primary Health Properties was 159.40p.
Primary Health Properties Plc has a 4 week average price of 152.80p and a 12 week average price of 137.80p.
The 1 year high share price is 160.60p while the 1 year low share price is currently 109.80p.
There are currently 1,216,321,774 shares in issue and the average daily traded volume is 3,420,791 shares. The market capitalisation of Primary Health Properties Plc is £1,948,547,481.95.
speedsgh: Am I correct in thinking that the last published EPRA NAV was 105.20p as at 30/6/19? If so, the current share price (158.70p) represents a 50% premium to last published NAV and offers a prospective 3.7% yield. Not often one sees a 50% premium to NAV. Does anyone have any consensus forecasts for NAV as at 31/12/19?
perfect choice: Looks like comparing share price to NAV method of valuation has been thrown out of the window for now in pursuit of relatively safe income going forward (so value here presumably for todays buyers, namely reliable income). Notice new intra day high of 149.4/149.6p as well. I bought my holding at lower levels for a nice base income but welcoming capital growth as well, be it higher than I was expecting myself.
pixelrobox: 1olddog Run has been exceptional. I do not recall php prem/nav being this high, having held since 2008. I would not draw much reassurance from my analysis however, I am a poor investor, I mentioned adding to my holding for sake of disclosure. The shift seems to be sector(al)though, some property sub sectors doing well (last mile logistics, flex work space) and others (out of town/retail) doing badly. PHP might be benefiting on a premium being placed on perceived rent roll security, analysts often allude to quasi'bond-like' characteristics, so maybe not a coincidence that since January the share price has spiked in tandem with CB's interest rate rises being delayed/reversed, bond yields dropping. Cant see what operationally has changed despite the merger, rents are hardly on fire and last set of results were fine, if rather pedestrian. Attraction for me has been the consistency of delivery and long term strategic premise.
jgh03: The portfolio update of 6 June stated that the book value of the properties was £2,316m, and that net debt was £1,115m (both as at 31 March, post merger with MedicX). Number of shares at 15 March (post merger) was 1,131,235,006. So that would mean NAV per share is 106.17p. However that excludes the recent 1.4p dividend and shares issued as part of the scrip dividend. Maybe its easiest just to subtract 1.4p to arrive at a NAV of 104.77p. Today's share price is 133p, which is 26.9% above NAV. This excludes the convertible bond. However, it looks rather higher than pixelrobox's estimate, so maybe I've missed something.
norland1: Thanks PC I must admit that I only skipped over the RNS. The end bit went over my head anyway. The premium I thought about was the share price relative to the NAV which looked high when I saw an item in The Property Chronicle. (freebie version of course ) Share price doesn't particularily worry me as I have changed from BTL to this investment -less hassle- but never thought about BTL valuation anyway so not going to worry about this share price. I understand the position when shareholders are asked to fork more cash which affects the share price but this Bond issue is much more complicated.
schofip: 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.
norland1: Positive comments in Sunday Times today. Should see share price reduction tomorrow then.
typo56: Well, PHP was already in the FTSE All-Share index. Never mind. Over 10m shares uncrossed at close yesterday thanks to the index funds. A more normal 183k today. I'm not sure what it will mean for the share price. Possibly not that much. I see MRO took the opportunity to 'kitchen sink' their GKN acquisition today, now that they've safely made it into the FTSE100!
stupidboypike: A quick look at the financials comparing PHP to Assura (which I hold) looks like:- PHP NAV per share 83.5 share price 113.6 premium 36% Assura NAV per share 49.4 share price 60.9 premium 23% What am I missing please someone? Best regards SBP
norland1: These shares became ex-div today. The share price has in fact gone down over past few days. I would have thought that with divi to come they would have gone up slightly. Can anyone explain this to me?. Is it just market forces. My other reit has gone up nicely with no ex div date imminent.
Primary Health Properties share price data is direct from the London Stock Exchange
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