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PHP Primary Health Properties Plc

92.70
-0.30 (-0.32%)
Last Updated: 08:42:11
Delayed by 15 minutes
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
  -0.30 -0.32% 92.70 121,307 08:42:11
Bid Price Offer Price High Price Low Price Open Price
92.60 92.75 93.55 90.80 90.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 169.8M 27.3M - - 1.24B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:42:04 AT 10 92.70 GBX

Primary Health Properties (PHP) Latest News

Primary Health Properties (PHP) Discussions and Chat

Primary Health Properties Forums and Chat

Date Time Title Posts
08/11/202409:38PHP with charts1,303
17/11/201713:40Primary Health Properties-
23/9/200508:19Primary Health Properties345
29/4/200507:57qw-

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Primary Health Properties (PHP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:42:0492.70109.27AT
08:42:0492.801,048972.54AT
08:42:0492.80300278.40AT
08:42:0492.8010,98910,197.79AT
08:42:0492.8018,73717,387.94AT

Primary Health Properties (PHP) Top Chat Posts

Top Posts
Posted at 20/11/2024 08:20 by Primary Health Properties Daily Update
Primary Health Properties Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker PHP. The last closing price for Primary Health Properties was 93p.
Primary Health Properties currently has 1,336,493,786 shares in issue. The market capitalisation of Primary Health Properties is -.
This morning PHP shares opened at -
Posted at 17/10/2024 08:23 by affemoose
With a near-certain reduction in Interest rates on the cards, below 2% consumer inflation, a drop in pay inflation into the 'OK Zone' we should see more drops in interest rates next year and that can only be good for PHP Asset prices and therefore NAV.

Add to this the very significant Yield and we have a string position going into a lower interest rate environment.

All round - finally (it's been a long wait) I think we'll start to see slow but steady share price improvement here significantly above the 100p mark.
Posted at 16/10/2024 15:16 by mirandaj
Section from today's announcement for interest:

"On the development side we legally completed and have now commenced construction of the new South Kilburn Medical Centre which is part of a large housing redevelopment in the London Borough of Brent. To ensure the viability of the project the Integrated Care Partnership and Brent Council contributed £1.0m towards the infrastructure and fit out costs for the medical centre. The project will be accretive with a yield on cost of 6.2% and a profit on cost in excess of 10%."

Looking good so far:



From Brent.gov.uk September 2023 :

Background 

3.2.1 Planning permission was granted for a medical centre within the Peel development and was part of the Development Agreement with Countryside (Vistry) who are building out the scheme, including the medical centre to shell and core. This is currently on site, with handover to PHP (the operator) to fit out in autumn 2023 and for handover to the Kilburn Park Medical Practice in 2025, and for the provision of enhanced services provided by the Kilburn GP Cooperative primary care network.  Outline designs for the fit out have been completed and the negotiation of the occupational heads of terms with the thirdparty operator, Primary Health Properties (PHP) are underway.   
Posted at 12/9/2024 14:33 by chucko1
I'm thinking of this GDP in the context of PHP - in that there could be an expectation that a wealthy society can afford the sorts of things such as health facilities that are truly first world.

But is the analysis were that simple, it would struggle to explain the extremities of Ireland's 2005-2016 period, where there was boom followed by bust. Much of that relates to massive property development/speculation and banking largesse, but you would have thought that such a stellar GDP/capita would have becalmed these problems with resourced redirected. You bet they didn't!!

Worth also considering that the stated GDP/capita is around twice the EU average (to the annoyance of many in Brussels). Those who have travelled extensively in both the EU and Ireland would be hard-pressed to claim that infrastructure and obvious wealth were higher in Ireland. I think the bigger point is how Ireland could possibly transition a concerted dictum from Brussels to truly tax harmonise. 12.5% to 15% is not the elastic part of the curve. The Irish know this and will not do it. Their social benefits are reasonably generous currently, and is a vote-retainer for most politicians.
Posted at 11/9/2024 05:12 by ygor705
Good to see PHP back over 100p. A somewhat surprising stat that I came across the other day is that Ireland has the 3rd highest GDP per capita (the more important one that the politicos here quietly ignore) in the world. Social policies may not be allowing this wealth to trickle down to the general populace at the moment but it's there and one would expect some of it to find its way into healthcare at some point.
Posted at 08/9/2024 14:14 by affemoose
Some interesting comments re: PHP here: hxxps://citywire.com/investment-trust-insider/news/trust-watch-jara-jolts-boards-tech-fall-leaves-one-biotech-cheap/a2449518

WHat caught my eye, and i was utterly unaware of is:

"However, Primary Health Properties (PHP) gracing the list is more striking given the concerns there have been over the government’s District Valuer holding back NHS rents 25-30% below the level the likes of PHP and rival Assura (AGR) need to develop new GP surgeries."

You can look at this 2 ways:
+ve - fewer surgeries being built = higher asset prices. But i'm not sure this plays out with rent valuations etc, so if you can't rent it out, why buy it etc etc. BUT.. it should prop up asset prices at current levels or close.

-ve - No new assets being built except when local entities are prepared to chip in. ‘PHP has confirmed a development scheme in South Kilburn is underway that is supported by capital contributions from a local authority and an integrated care board, essentially squaring the circle to make the scheme financially viable. Peer Assura has also mooted such arrangements, and we think this cold open the door to further GP surgery developments that the UK so badly needs.’

This is classic blinkered non holistic thinking by the Government. VOA Reduce rents paid - so someone else in the Pub Sector has to pay out capital sums to get a surgery. aka - Rob Peter to pay Paul.
Posted at 05/9/2024 08:18 by panshanger1
Come on PHP you can do it !!
Posted at 30/8/2024 06:26 by george stobbart
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
Posted at 24/7/2024 13:04 by paulboz
Inflation is low at around 2% but the base rate is still 5.25%, which is probably a bigger factor for the share price. While the latest update is underwhelming it's not at all bad IMO. I also found the interview with the CEO encouraging. If the share price dips below 90p I'll be topping up. All the best.
Posted at 24/7/2024 10:07 by mirandaj
Edison Interview:




"In this interview Mark Davies, CEO of Primary Health Properties (PHP), talks about PHP’s results for the six months ending 30 June 2024, as well as the company’s strategy for continuing fully covered dividend growth. PHP is a specialist UK real estate investment trust, with a secondary listing on the Johannesburg Stock Exchange. It is a long-term investor in primary healthcare property in the UK and the Republic of Ireland. These are mostly let to general practitioners and the NHS or HSE, organisations backed by the UK and Irish governments, respectively, and represent 89% of rents. The long-term need for primary healthcare facilities is driven by demographic trends and is relatively unaffected by economic conditions. In both the UK and Ireland, populations are growing and ageing, with more complex healthcare needs. The defensive nature of healthcare property, PHP’s tenant profile and long, mostly upwards-only leases provide an exceptionally secure and growing rental income stream to support progressive dividends. PHP is now in its 28th year of unbroken dividend growth."
Posted at 09/7/2024 14:45 by panshanger1
Been between 2 and 3 percent for a number of years Regardless of share price movement seems to stay the same Strange
Primary Health Properties share price data is direct from the London Stock Exchange

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