Target Healthcare Reit Share Discussion Threads

[cwa1] 26/8/2021 13:36

No huge surprise there then...

[nerja] 26/8/2021 13:31

Another raise

[ec2] 30/7/2021 19:19

They've actually hit a new all time high today and yet still paying a 5.5% inflation linked yield on very long lease agreements. Nursing homes once again taking in new residents as COVID subsides is a strong positive. I think the company also has a good pipeline of future opportunities and Baillie Gifford announcing at the beginning of the month that they have taken a 5% stake has all probably been helpful to the share price. I think the the stock is moving up into a new trading range.

[vraic] 30/7/2021 17:35

This sleeper plus 10P in the last month

[elvor] 15/6/2021 10:06

Could someone tell me if my understanding is correct please :

Reits pay 20% tax at source on our dividends, so there's nothing for me to do when it comes to my Tax return (assuming I'm not a high income earner i.e. over 50K) or should i be trying to claim some of this back somehow, given that dividend tax on a normal share is 7.5% (under 50K earnings).

I thought Reits were suppose to be more tax efficient.

Thanks

[nerja] 08/6/2021 10:57

JonG same with me, the Halifax a real pain, in my ii account on the 28th may

[alter ego] 08/6/2021 09:49

Divi received on 28th with HL

[jong] 08/6/2021 09:45

Has anybody else still not received their dividend due on 28th May ?. I'm with Halifax Sharedealing and still no payment in my ISA as of 8th June. I definitely qualify having held shares long term and received the last dividend.

[jong] 13/5/2021 09:01

XD today (1.68p) payable on 28th May

[cwa1] 07/5/2021 11:15

Paid for research from Edison...



Valuation: Attractive indexed, long-term income
The FY21e yield is an attractive 5.7% with good prospects for DPS growth. This
supports a premium to NAV, which at 1.09x (Q321 NAV) is in line with the average
since IPO but below the 1.19x peak. Robust rent collection and DPS payments
through the pandemic indicate potential for yield tightening

[cwa1] 05/3/2021 16:49

Lengthy piece in The IC today. They rate it a buy. Apologies for the formatting but hope you get the gist:-

Can healthy dividends continue?
The target annual dividend for the 2021
financial year, which is paid in quarterly
instalments, stands at 6.72p a share, up
from 6.68p for 2020. At the current share
price, that equates to a potential yield of
just over 6 per cent. However, the security
of those payments has become less certain
following the pandemic.
Provisions for rent arrears made during
the last financial year meant coverage of
the dividend by EPRA earnings dropped to
76 per cent, down on 82 per cent during
the prior two years. However, if occupancy
levelsrecover as we emerge from lockdown,
there is every chance that dividend cover
will improve.
Over the longer term, there is reason to
be bullish towards the shares. The value
of the assets in Target Healthcare’s portfolio have continued to rise, which, together
with annual contracted rent increases,
has resulted in the Reit’s net asset value
(NAV) moving marginally upwards
to around 108p a share at the end of
December. Demographic changes are also
supportive of increased need for elderly
care accommodation, with the number
of people aged 85-plus forecast to double
over the next 20 years, according to the
Office for National Statistics.
The shares trade broadly in line with
forecast NAV at the end of June and at a
5 per cent discount to a forecast 117p at
the same time in 2022. That seems an undemanding valuation when the strength of
the balance sheet, strong rental growth
track record and rising asset valuations are
considered. Indeed, in the year prior to the
pandemic the shares commanded an average premium to forecast next-12-month
NAV of 4 per cent

PS: It is taken from the online PDF magazine. Is there a simple way to format it to make it look on here?

[arv2168] 03/3/2021 17:49

JonG- yes I am in same boat as you, Halifax Sharedealing and waiting for dividend.

[cwa1] 03/3/2021 13:42

Divi received in ii on 26/2. Also, can report that ii have now sorted out the allocation after sending them a message.

[alter ego] 03/3/2021 13:22

No. Divi received on 26 Feb. (HL)

[jong] 03/3/2021 10:07

I've still not received last weeks dividend (due 26th Feb) into my nominee account :-(. Anyone else missing theirs ?

[cwa1] 03/3/2021 09:44

Anyone else using ii here that participated in the offer? If so, has your allocation been sorted out yet? Mine hasn't and was wondering if there was a problem with mine, of if they are just being slow? My holding with EQI has been sorted for a few days now.

Cheers

[bathcoup] 03/3/2021 08:43

My subscription has received full allocation. I understand there's a scaling back. Presumably it only applied to large orders.

[jong] 01/3/2021 12:38

Is anyone with a Halifax Sharedealing account still waiting for last weeks dividend (26th Feb) to be paid ?

[fez77] 25/2/2021 16:11

I see THRL are at 112.3 which is unspectacular but not discouraging. I'm still holding off at the moment.

Apollocreed - I haven't ventured into GCP either yet. Keeping an eye on future IPOs. Brewdog is coming - but not sure if PrimaryBid are involved.

[alter ego] 25/2/2021 12:05

"Further to the Company's announcement on 12 February 2021, the Board of Target Healthcare REIT plc has carefully considered the strong level of support from investors during the marketing roadshow, along with the attractive investment pipeline sourced by the Investment Manager, and decided to increase the target size of the Initial Issue up to a maximum of £60 million."

[bathcoup] 24/2/2021 14:50

Thought this is THRL thread! Anyway, I have dipped my toes in THRL by subscribing 5,000 shares.

[apollocreed1] 23/2/2021 18:22

Re GCP Infrastructure, it's a very secure 7% dividend yield at about 1% premium to its 102p NAV. They provide secured loans for renewables (60%) social housing (25%) and Infrastructure like roads (15%). A lot of their income streams are government backed and nearly all inflation linked. They do not have the risk of managing the infrastructure assets-they just collect payments as a secured creditor. They have traded in the past at 120-130p so I think this is a very good price. Price weakness is because they had some loan repayments in December and reinvesting the money is a challenge because so much money is competing for renewables so yields have been pushed down. However GCP is one of the best companies in the sector and the team has more experience than all the new upstarts. Including dividends they've returned 110% over 10 years with very low volatility.

[apollocreed1] 23/2/2021 18:20

@Fez77-I noticed today that I could buy GCP Infrastructure Investments at 103p on a 7% inflation linked yield which I think is much more secure than THRL. I was also surprised that THRL only collected 91% of the last quarters rent -many of the office and retail companies like RGL,EPIC and AEWU have had around 91% collection rates, but I would have expected THRL to have much less risk of defaults.
So now I have a suspicion that maybe this capital being raised is to deal with cash flow issues and not for expansion as they actually state in their RNS.

[fez77] 22/2/2021 16:49

I've been studying the IPOs and Subscriptions on PrimaryBid and have noted that with some exceptions (like TGR, NGHT, and IDEA), the share price tends to stay around the offer price for some time after the new share release. The recent IPO - Cellular Goods - will probably show a premium because it was well oversubscribed (and well "hyped" being a Cannabis type stock and therefore "flavour" of the month!)but I suspect that THRL will be available for some time at or around the 111p-113p mark. I will be keeping my powder dry on this one for the present time.

[cwa1] 22/2/2021 10:22

I see that the THRL offer is now available on PrimaryBid as well