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Share Name Share Symbol Market Type Share ISIN Share Description
Spec Inves Prop LSE:SIPP London Ordinary Share IM00BZ97VJ22 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 16.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
15.00 17.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.17 -0.14 -1.16 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 16.00 GBX

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Date Time Title Posts
19/1/202111:52SIPP q&a's207
08/11/201908:49SIPP investors - boring but necessary2
28/1/201911:25Sipp CFD provider? IG out of market8
09/11/201808:34YouInvest (AJ Bell) Issues and Problems17
24/7/201810:45SIPP : Can anyone recommend a good SIPP provider ?12

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Spec Inves Prop (SIPP) Top Chat Posts

DateSubject
19/1/2021
11:52
hyper al: So how many people on ADVFN lost their pension in a SIPP? Is it just me?
08/11/2019
08:49
hyper al: SIPP and AIM don't mix. Most of you will know that by now. Has anyone taken any legal action?
28/1/2019
11:25
yuka: Old thread but anybody got any recent experience of SIPP CFD providers? (especially for equities)
24/7/2018
10:45
starpukka: Time has moved swiftly on since this thread was created but I am now looking for a good value, low cost self select stocks and shares SIPP provider for a moderate pot of around £30k. I thought Jarvis didn't charge an annual fee but I have since seen they only waive it in year 1. Any suggestions please ? Many thanks.
11/5/2017
16:25
1mb: Can anyone suggest a SIPP provider that will trade on britdaq? Thanks in advance
17/9/2016
16:30
hedgehog 100: SIPP has just announced two major acquisitions, and has now implemented its Investing Policy, though there should be lots more to come. It's share price has held steady at 20p, the level of its fundraising early this year. 15/09/2016 14:36 UKREG Specialist Investment PropertiesPLC Acquisition of Property "The Company is pleased to announce a further property acquisition in Fazeley, Staffordshire, comprising 12 one bedroom flats providing supported living accommodation for adults with learning difficulties (the "Property"). This will be the Company's third acquisition in the supported living sector and the eighth acquisition overall since it began implementing its new investment policy in March 2016. SL Boathouse Limited, a subsidiary of SIPP, has exchanged on the Property which is to be leased to Inclusion Housing Community Interest Company ("Inclusion Housing") on a 25-year inflation linked, full repair and insuring lease. Completion is due to occur on or around 26 September 2016. Inclusion Housing is an established housing association responsible for providing accommodation for adults with learning difficulties. Midway Care Group will be the care operator for the Property and will enter into an agreement with Inclusion Housing to underwrite any rental voids in the first five years of the lease. The consideration for the acquisition is GBP1,250,000 with SIPP funding GBP521,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited. The gross initial rent per annum will be GBP115,000. The Property is being purchased from Midcroft Care Limited, of which 50 per cent. is owned by Midway Care Group." http://uk.advfn.com/stock-market/london/spec-inves-prop-SIPP/share-news/Specialist-Investment-PropertiesPLC-Acquisition-of/72442253 15/09/2016 17:02 UKREG Specialist Investment PropertiesPLC Acquisition of Property "The Company is pleased to announce that it has exchanged contracts to acquire, on completion of construction, a newly refurbished and extended freehold property. This property will comprise 16 one bedroom flats providing supported living accommodation and is in Workington, Cumbria (the "Property"). This is the fourth acquisition in the supported living care sector and the ninth acquisition overall. The Property is being constructed by converting and extending a former hotel; construction is currently underway and is expected to be completed by the end of 2016. Completion of the acquisition will not take place until all construction has been completed as attested by an independent monitoring surveyor. A further announcement will be made by the Company upon completion of the acquisition. The acquisition is being made through a sale agreement entered into by a subsidiary of SIPP, SL Workington Limited ("SL Workington"). SL Workington will not be involved in, or be obliged to provide any funding in conjunction with the construction process. An agreement has been entered into to lease the Property on a 25-year inflation linked, full repair and insuring lease to Inclusion Housing Community Interest Company ("Inclusion Housing") from completion of the acquisition. The initial annual rent under the terms of the lease will be approximately GBP178,000 per annum. Inclusion Housing is an established housing association and will be responsible for placing adults with physical and mental disabilities into the Property and care services will be provided by Lifeways Finance Limited. The consideration for the acquisition will be approximately GBP2.34m. SIPP has two alternative proposals for funding this. As discussed in the Interim Statement of 2 August 2016, the Company is reviewing its options for raising further equity finance. If this is done before the construction of the Property is complete, SIPP expects to fund approximately GBP910,000 from cash resources with the balance coming from funds drawn under the Company's existing loan facility agreement with Heritage Square Limited ("Heritage Square"). In the event that the Company does not proceed with an equity fundraising, SIPP would fund approximately GBP410,000 from cash resources, with the balance coming from funds drawn down under the new framework agreement described in its interim statement of 2 August 2016. The Properties are being acquired from The Viaduct Hotel Limited, a company owned by Mr Patrick Roe and Mr James Lancaster. John Le Poidevin said: "We are delighted to be making good progress in another of our core sectors, supported living. As we stated in our interim statement, we believe this is an attractive area for investment and we have a strong further pipeline of acquisitions to make in this sector." The Property is being constructed by converting and extending a former hotel; construction is currently underway and is expected to be completed by the end of 2016. Completion of the acquisition will not take place until all construction has been completed as attested by an independent monitoring surveyor. A further announcement will be made by the Company upon completion of the acquisition. The acquisition is being made through a sale agreement entered into by a subsidiary of SIPP, SL Workington Limited ("SL Workington"). SL Workington will not be involved in, or be obliged to provide any funding in conjunction with the construction process. An agreement has been entered into to lease the Property on a 25-year inflation linked, full repair and insuring lease to Inclusion Housing Community Interest Company ("Inclusion Housing") from completion of the acquisition. The initial annual rent under the terms of the lease will be approximately GBP178,000 per annum. Inclusion Housing is an established housing association and will be responsible for placing adults with physical and mental disabilities into the Property and care services will be provided by Lifeways Finance Limited. The consideration for the acquisition will be approximately GBP2.34m. SIPP has two alternative proposals for funding this. As discussed in the Interim Statement of 2 August 2016, the Company is reviewing its options for raising further equity finance. If this is done before the construction of the Property is complete, SIPP expects to fund approximately GBP910,000 from cash resources with the balance coming from funds drawn under the Company's existing loan facility agreement with Heritage Square Limited ("Heritage Square"). In the event that the Company does not proceed with an equity fundraising, SIPP would fund approximately GBP410,000 from cash resources, with the balance coming from funds drawn down under the new framework agreement described in its interim statement of 2 August 2016. The Properties are being acquired from The Viaduct Hotel Limited, a company owned by Mr Patrick Roe and Mr James Lancaster. John Le Poidevin said: "We are delighted to be making good progress in another of our core sectors, supported living. As we stated in our interim statement, we believe this is an attractive area for investment and we have a strong further pipeline of acquisitions to make in this sector." " http://uk.advfn.com/stock-market/london/spec-inves-prop-SIPP/share-news/Specialist-Investment-PropertiesPLC-Acquisition-of/72443697 16/09/2016 12:00 UKREG Specialist Investment PropertiesPLC Implementation of Investing Policy "On 16 September 2015, the Company announced that its shareholders had voted at a general meeting of the Company to adopt a new investing policy to become an investment property company acquiring and holding freehold properties (and, in rare cases, long lease-hold properties) in specialised sectors of the property market, with an initial and primary focus on investing in purpose-built homes for adults with learning difficulties requiring support from carers (for example adults with autism), purpose-built care homes for the elderly and infirm and converted dwellings accommodating young adults/late teens requiring extensive support from social services (the "Investing Policy"). The Company is pleased to announce that it has implemented its Investing Policy in accordance with the AIM Rules for Companies. The Company also announced on 30 June 2016 that following the departure of David Craine from the board, it intended to appoint a further non-executive director. The Company is continuing its search for an individual with the experience and skills to benefit the board. A further announcement will be made in due course." http://uk.advfn.com/stock-market/london/spec-inves-prop-SIPP/share-news/Specialist-Investment-PropertiesPLC-Implementation/72451027
04/9/2016
16:40
hedgehog 100: On Friday afternoon SIPP announced its seventh acquisition, and the share price rose a penny to 20p, its highest level since January (when it was still HCP). 02/09/2016 14:46 UKREG Specialist Investment PropertiesPLC Acquisition of Property "The Company is pleased to announce its seventh acquisition since implementing its new investment policy in early 2016. SIPP Holdings Limited ("SIPP Holdings"), a subsidiary of SIPP, has entered into a share purchase agreement to acquire a special purpose vehicle ("SPV"), HB Villages St Helens Limited, which will own four supported living bungalows (the "Properties") in St Helens, Merseyside. Construction of the Properties is due to take approximately ten months and completion of the acquisition will not take place until construction has been fully completed. SIPP Holdings will not be involved in the construction process or be obliged to provide any funding in conjunction with it. The required planning consents for the Properties have been obtained. An agreement has been entered into to lease the Properties to Inclusion Housing Community Interest Company ("Inclusion Housing") on a 35-year inflation linked, full repair and insuring lease. The first year's rent under the terms of the lease is approximately GBP47,000 per annum. Inclusion Housing is an established housing association and will be responsible for placing adults with physical and mental disabilities into the Properties, care services will be provided by Lifeways Finance Limited. The consideration for the acquisition will be GBP724,686 with SIPP funding GBP220,686 and the balance coming from funds drawn under the Company's loan facility agreement with Heritage Square Limited. The Properties are being acquired from HB Villages Developments 2 Limited which is ultimately owned by Morgan Sindall Group Plc." http://uk.advfn.com/stock-market/london/spec-inves-prop-SIPP/share-news/Specialist-Investment-PropertiesPLC-Acquisition-of/72348261 Interestingly, this is SIPP's first acquisition of properties that have yet to be built.
11/8/2016
16:38
hedgehog 100: The first SIPP share price rise today for over five months, up a penny to 16.5p on volume of 30,000 shares traded. Time/Date Price Volume Trade value Type 14:13:42 16.00 5,000 800.00 O 14:12:42 16.00 25,000 4,000.00 O 15:13:12 10-Aug-16 14.00 175,000 24,500.00 OK 10:15:15 26-Jul-16 15.48 1,500 232.12 O 14:28:12 25-Jul-16 15.00 2,500 375.00 O http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/IM00BZ97VJ22GBGBXAIMI.html SIPP's interim results last week made for encouraging reading: 02/08/2016 07:01 UKREG Specialist Investment PropertiesPLC Half-year Report Interim results for the six months ended 30 June 2016 http://uk.advfn.com/stock-market/london/spec-inves-prop-SIPP/share-news/Specialist-Investment-PropertiesPLC-Half-year-Repo/72108719
27/6/2016
14:31
hedgehog 100: A summary of SIPP's first six property acquisitions: 02/03/2016 "The consideration for the two properties was GBP507,000 with SIPP funding GBP188,000 and the balance coming from funds drawn under the Framework Facility Agreement." 13/04/2016 "The consideration for acquisition was GBP349,000 with SIPP funding GBP207,000 and the balance coming from funds drawn under its facility agreement." 27/05/2016 "The consideration for acquisition was GBP245,000 with SIPP funding GBP92,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited." 10/06/2016 "The consideration for acquisition was GBP424,500 with SIPP funding GBP158,500 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited." 15/06/2016 "The consideration for acquisition was GBP570,000 with SIPP funding GBP216,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited." The total paid for the six properties was £2,095,500, with SIPP funding £861,000 (41.088%). The net proceeds of SIPP's placing and open offer earlier this year (i.e. after costs) were approximately £2.04M. Before the fundraising the company held approximately £300,000 in cash. So that added up to about £2.34M., i.e. about 17.7p per share. So SIPP should be able to buy about £5M. or so worth of properties (including the six bought to date) using its existing cash and facility agreement at the current ratio. From SIPP's 02/03/2016 RNS: "The initial average gross rental yield from the most advanced acquisition opportunities currently identified and in discussion is expected to exceed 8% per annum." On this basis, £5M. of properties should yield in excess of £400,000 per annum.
16/6/2016
17:57
hedgehog 100: And yet another acquisition, yesterday, the third in under three weeks: 15/06/2016 13:55 UKREG Specialist Investment PropertiesPLC Acquisition of Property "The Company is pleased to announce a further property acquisition, being the sixth property that the Company has acquired since implementing its new investment policy in early 2016. Secta Properties Limited ("Secta"), a subsidiary of SIPP, has exchanged on a property in Birmingham which is to be leased to Meadows Care Limited ("Meadows Care") as a children's home on a 25-year inflation linked full repair and insuring lease. Completion is due to occur on 23 June 2016. Meadows Care is a well-established children's home care operator, with over 10 years' experience. This property will be managed by Meadows Care as part of its agreement with Birmingham City Council to look after young people. The consideration for acquisition was GBP570,000 with SIPP funding GBP216,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited. The property was purchased from the private individuals, Darren Mann and Elizabeth Mann." http://uk.advfn.com/stock-market/london/spec-inves-prop-SIPP/share-news/Specialist-Investment-PropertiesPLC-Acquisition-of/71737863
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