Target Healthcare Reit Share Discussion Threads

[catch007] 07/12/2022 18:12

Inflation, energy and running costs all rising substantially however the business model seems robust and share price fall overdone imho. Am I missing something?

[peckers56] 07/12/2022 12:27

Hold in an ISA. It's on my list for future selling as/when I need cash to buy something else in a different sector.

[peckers56] 06/12/2022 15:39

At today's AGM. As usual, for a REIT, only ordinary shareholder there and no presentation. In a Q/A, Manager/Board confirmed the following [a] gearing at 20% (which they think is low), [b] nearly every property has an EPC rating in the A-C range so little "money" needed to bring the rest up-to-standard), [c] the current bank loan lasts until 2025, [d[ although rents are inflation linked nearly all have a cap of between 1 and 4 percent, [e] since financial year end there have been no buys and one sale in August (but nobody could remember where it was located), [f] do not do buy-backs. When asked to compare themselves with Impact Healthcare (their only competitor in the PDUHC sector), they agreed IH's share price performance was slightly better and it had a better dividend yield, but put this down to IH having "older/used" properties (which Target had looked at but rejected), which still needed improving to obtain an A-C EPC.

[uapatel] 02/11/2022 07:12

1.69p Dividend

Ex-Dividend Date: 10 November 2022
Record Date: 11 November 2022
Payment Date: 25 November 2022

[wallywoo] 01/11/2022 11:30

Dividend coming soon, though I haven't seen any xd dates yet. IMO this will rise steadily and stabilise somewhere between 100 -110. Easy money and a attractive yield until it does.

[jimbobbaby] 26/10/2022 12:44

Exactly that. Similar dynamics in open ended property funds when withdrawals increase suddenly.

[wallywoo] 25/10/2022 12:46

Moving nicely today. Looking very over sold. Is this the day the worm turns??

[jong] 20/10/2022 09:30

From Simply Wall Street :-

"Consensus forecasts updated
The consensus outlook for 2023 has been updated.
• 2023 EPS estimate fell from UK£0.11 to UK£0.07 per share.
• Revenue forecast steady at UK£68.2m.
• Net income forecast to shrink 72% next year vs 23% decline forecast for REITs industry in the United Kingdom.
• Consensus price target down from UK£1.09 to UK£1.04.
• Share price was steady at UK£0.78 over the past week."

[uapatel] 19/10/2022 14:52

Rob the slob,

True, just assumed the issue/point being raised was there maybe Pension Funds that held THRL in their funds. Hence selling their THRL holdings along with other assets to raise liquidity.

[rob the slob] 19/10/2022 14:17

THRL is a closed end investment trust not an open end direct property unit trust so won't be affected by "redemptions" by the pension funds seeking to raise cash to cover their bad gilt derivative investments.

[uapatel] 19/10/2022 11:23

Got this from the LSE BB

Berenberg cuts Target Healthcare REIT target to 90 (110) pence - 'hold'



Jimbobbaby, you’re probably right on the matter of redemption issues. Difficult to know when that will shake it self out.

[jimbobbaby] 19/10/2022 11:00

Property fundswith large direct property holdings, have probably had to sell liquid assets for redemptions - putting more immediate price pressure on their listed holdings. I imagine a lot of pension funds were similarly forced sellers.

[uapatel] 19/10/2022 10:32

Hard to believe it we went from yesterday 84p to 78p ish, but there you have it. Added a few more today.

[basstrend] 19/10/2022 08:29

Yes it's possibly BlackRock still selling down part of their holding here. Would be good to know when they have finished!

[bdog51] 19/10/2022 08:09

Fallen a few pence so far this week and now seems to be back in the buy zone ie sub 80p. I'll be taking a few more anyway.

[uapatel] 14/10/2022 12:26

Nothing new, as they had signalled prudent management of funds, rather than buying more properties in a rising interest rate environment.

[bdog51] 14/10/2022 12:04

I bought in yesterday on discovering this, tempted to buy a few more too.

[my retirement fund] 14/10/2022 11:31

Couldn't help myself, had to have a few too

[uapatel] 14/10/2022 09:53

New here, looked at before, but yield wasn’t attractive plus mostly on a premium (Not that that’s a bad thing, just not enticing enough).

So bought in to this yesterday and bit more today. Will look to add a little more next week, if there is a drop sub 80p. Hopefully the high quality portfolio holds up and like that the management appear focused on costs/quality.

[wallywoo] 12/10/2022 11:08

Who knows. It is a firm pattern that when a crisis is happening most reits seem to fall like a stone. Then recover back to pre fall prices over the next 6-12 months. It has happened many times March 2020 being the last. I have bgt in my sipp, will hold and take dividends until the share price does exactly that. Adding a few along the way.