Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Primary Health Properties, the real estate investment trust which builds and manages doctors' surgeries and pharmacies, has been marked out as a buy by the Telegraph's Questor column. "The shares are trading on a high earnings multiple for good reason – the visibility of revenues. In the current year it is 18.2, falling to 17.2 in the year to December 2012….The view remains the same, buy for the yield," the column said.
Primary Health Properties PLC ("PHP", the "Group" or the "Company") one of the largest providers of modern primary healthcare facilities, announces it will be hosting an analyst visit to a number of its properties on 16 November 2011. The event will be hosted by Harry Hyman, Managing Director and Phil Holland, Deputy Managing Director. No new material information will be provided.
Primary Health Properties PLC Half year report for the period ended 30 June 2011 Primary Health Properties PLC, one of the UK's largest providers of modern primary healthcare facilities, is pleased to announce its half year report for the six months ended 30 June 2011. GROUP FINANCIAL HIGHLIGHTS • Increased interim dividend of 9.0p for the period ended 30 June 2011 (30 June 2010: 8.75p) • Underlying profit for the interim period before revaluation gain, change in fair value movement on interest rate swaps and profit on sale of investment rose by 35% to £5.4million (30 June 2010: £4.0million) • Loan to value ratio 55.6% at 30 June 2011 against covenant of 70% (31 December 2010: 57.6%) • Basic net asset value increased by 5% to 275.8p per share (31 December 2010: 262.3p) • EPRA net asset value increased by 2% to 317.8p per share (31 December 2010: 311.5p) • Adjusted EPS increased by 30% to 8.3p (30 June 2010: 6.4p) • Interest cover of 2.1 times compared to a covenant requirement of 1.3 times (31 December 2010: 2.1 times) • £16.1million gross proceeds from share placing in April to finance future acquisitions (approximately £15.7million net) GROUP OPERATIONAL HIGHLIGHTS • Real estate portfolio (including commitments) rose to £514million from £504million at 31 December 2010, reflecting an initial yield of 5.75% as at 30 June 2011 • Property revaluation gain for six month period of £5.2million, an increase of 1.1% (30 June 2010: £17.8million - 3.8%) • Rent roll at 30 June 2011 of £29.0million (31 December 2010: £28.0million) • Annualised rental growth on rent reviews agreed in the period of approximately 3.4% (year to 31 December 2010: 3.2%) • Portfolio 100% let • New £50million interest only debt facility closed with Clydesdale • Offer received for a new seven year £75million facility with Aviva Harry Hyman, Managing Director of Primary Health Properties, commented: "I am pleased to report another excellent set of results. During the period, the Group has increased its dividend, increased underlying profit and achieved a greater net asset value per share. The fundamentals of the primary care market remain very attractive due to the protection in income flow it provides and the solid foundations of full occupancy means PHP's portfolio delivers consistently strong returns and rental growth. Whilst the ultimate outcome of the Health and Social Care Bill is still unclear, the key position of primary care in the provision of health care services has been reinforced. PHP remains focused on further, selective acquisitions, where they meet the Group's investment criteria, in order to increase shareholder cash flows and values. The Group remains ideally positioned to take advantage of further opportunities."
http://www.investegate.co.uk/Article.aspx?id=201108300920202063N
www.investegate.co.uk/article.aspx?id=201108241216459560M&fe=1
Primary Health raises £16.1m for expansion Date: Tuesday 12 Apr 2011 LONDON (ShareCast) - Healthcare property investor Primary Health Properties has raised £16.1m to expand its property portfolio. It has issued nearly 5.3m shares at 50p a time. “The company intends to use the proceeds of the placing to finance selected investment opportunities and expand its property portfolio,” it said. “The company will persist with its strict policy of maintaining appropriate headroom on its covenants. In the short term, the proceeds will be used to reduce the company's borrowings and provide the Company with further working capital and overall financing flexibility. “ Primary Health managing director Harry Hyman said the capital raising will give the company the opportunity to take advantage of current investment opportunities that current market opportunities present.
A specialist REIT providing Primary Care Accommodation for the NHS Interim Management Statement Primary Health Properties PLC ("PHP", the "Group" or the "Company") one of the largest providers of modern primary healthcare facilities in the UK, today issues its Interim Management Statement for the period from 1 January 2011 to 12 April 2011. Highlights • Completed acquisition of a further £12.3m of investment properties • Commitment to the purchase of a new property in Newark for £4.3m • Portfolio continues to be 100% let • Rental growth has continued with reviews settled in first quarter generating an annualised uplift of 3.27% • Annual passing rent roll of £28.9m at 31 March 2011 (£28.0m at 31 December 2010) • Continued pipeline of attractive acquisition opportunities • Credit approval for a new £50m interest only facility from Clydesdale Bank • A second interim dividend of 9p per share in respect of the year ended 31 December 2010 was paid to shareholders on 31st March 2011 • Health and Social Care Bill proposals for England expected to enhance the role of GPs and lead to increased demand for modern primary healthcare facilities in the medium term • The Group has separately announced today a share placing to raise approximately £16.1m
http://www.investegate.co.uk/Article.aspx?id=201104120701067351E
Just bought 1000 @279.5p. Keep reading good things about them.Dividend nearly 6%. Why only one property in Kent?
After the reassuring notification that the Board had bought about 2000 shares iver the last year I decided to leap in and buy 1 share I reakon I'm due a place on the board, seriously this has everything going for it yeild, positive news and the tide of Political insulation from making nasty decisions, this melrose and SERCO look like they've got legs LOL
Here's the correct Website for PHP. http://www.phpgroup.co.uk/
www.investegate.co.uk/Article.aspx?id=200902270700089941N
IMHO this could be one to look at if you want an exposure to property. They build or buy - and seem only to lease to the medical profession - Doctors etc. Virtually guaranteed rents - and doctors surgeries shouldnt go out of business. Any thoughts anyone?
Can anyone explain to a novice, why shares are still detailed as traded after 4.30 and any comments on the large trade (delayed publication) for the 8th Jan. Any help appreciated
This may move up further today