Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
To provide ordinary shareholders with an attractive level of income with the potential for capital and income growth from investing in best-in-class care home assets with attractive financial characteristics.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
From Peckers56 over on Advfn BB.
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 SP 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.
smells like panic selling to me...many Reits affected even the supposed inflation proof ones.
The answer is to start feeding money into these as no one can call the bottom, but getting future earnings of 11% now is ridiculous and this might climb to 15% or more. Having seen more than my fair share of stock market busts I can only say the market will recover in time and Reits are starting to look very cheap.
I'm getting more and more worried by these daily slides. We are now below 90p and at all time lows. I'm down 15% and the SP is down 25% in a few weeks. Hopefully the selling will stop soon as this is getting stupidly cheap.
I wonder if the valuation of THRL’s specialist property portfolio tracks general house prices? Perhaps there is also a relationship with the income yield, which could support valuations. But the fact that the share price now trades at a discount to NAV suggests that the market may agree with you. THRL seems to be suffering less than other REITs, so the drop does not seem specific to concerns about what the budget may contain about healthcare costs.
I can't see a higher NAV coming any time soon. House prices are forecast to fall 4.5% next year. Inflation will be passed on to operators through rent agreements which should cover off the non-fixed rate debt. But this was I thought all prices in, or so I thought until further falls today. I wonder if we are going to see a negative announcement from the government tomorrow regarding care costs.
It seems that all the REITs, including THRL, are being pummeled because of higher interest rates and the expectation of further rises. I personally think the reaction is a bit overdone, particularly in the case of THRL, and have therefore topped up at 100.60, as I see good value here.
I too have topped up. It seems too good an entry point for the dividend and future prospects but am I missing something? Surely once inflation normalises to a level slightly above the BoE target, this will feed through to higher NAV and price. Let me know if you disagree please
I've bought in at 102.70. if I'm reading it correctly it's trading around 8/10% under NAV currently. Seems like a downside in property value, higher interest and sector disruption is priced in and some SP growth could be expected on positive momentum as well as ofcourse the hefty div.
As with many REITs and dividend stocks the share price does not move too much so I hold them with IG with some leverage. This one I have 3x so the return is around 16% pa with minimal risk and you get your money on ex div day not a month later !! What's not to like, early payments and not too much risk, I get an average return over them all of about 22% pa and a little capital appreciation here and there. Just bide your time and pick entry points. Hope it works for you :o)
After a lot of doubting on which reit to invest I decided to start a position in this one. If there is something we won’t be sort of in the future is of older people wanting decent accommodation in their late years. I’m looking for stable and reliable income. So I took this gamble. Let’s see!
Totally agree cherryburn, except I don't see quarterly dividend companies as boring. Having lost a fortune on AIM resources, I turned my portfolio over to dividend paying companies. I found the half yearly payers didn't keep my attention, so I went all in with the quarterlies. There is always something happening to keep me interested, and am in around 75 of the 100 or so quarterly payers I identified. Certainly the best hobby I have ever had !
I have held this stock for over 2 years and although it might seem "boring" to many retail investors , I like it because it is a steady earner and does not disappoint . It is one of many shares in my dividend portfolio including APF , BP. , RIO, SEQI and LGEN. There are many ways in which retail investors can lose substantial amounts in the resource sector such as in KEFI run by Harry !
Good morning @myepic. Are you admitting to being @FeverClucker ? If not, then means that you are me, which would be worrying.
Well, I am very happy with my holdings in Target & Impact. Sometimes the best things in life should be kept secret.
And here I am nearly a year and a half later wondering if anyone ever posts anything about this company! ;-)
Did it really take you 5 years to notice that previous comment ? Although fair do's, a big block did go though on Friday.
Yep noticed that, v interesting
10% of the company shares,just went thro?in one lump.