The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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This share os offering a 6.5-7% dividend at the moment, which is more than a bank account but not that much, hence the disinterest.
But.. when (if?) the BoE interest rate starts to drop that Divi will be superb. This company is heavily geared but it's tenants are mostly (89%) state owned Public Health bodies (UK NHS and IE HSE) so are as solid as they get tbh.
Current cost of the debt that they service is 3.3%, and most of it is fixed or hedged.
All in all - I think this is a risk of course but given the softening of the UK job market and the firming up of the economy point to an interest rate reduction cycle happening in H2 of this year - and we'll look back on this point as a great opportunity to lock in a 6.5-7% Divi.
I'm a few years from retirement yet but looking to build a healthy income stream - and this is one of the investments I am looking at to provide this. I've just recently doubled my holding in an ISA, I'll reinvest that Divi, compound it while I wait, and take a view at Xmas 2024. Hopefully - a merry Xmas :-)
I see GLG are really determined here. They just keep on increasing their short position. I sold a few to put in to THRL, as it goes exD this week. Id be happy with a drop here to buy back. That said GLG dont always get it right.
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 0.958 GBP
Average target price 1.022 GBP
GLG Partners LP 1.53% 10 May 2024
GLG Partners LP 1.49% 9 May 2024
GLG Partners LP 1.52% 25 Apr 2024
GLG Partners LP 1.46% 24 Apr 2024
GLG Partners LP 1.39% 23 Apr 2024
GLG Partners LP 1.40% 18 Apr 2024
GLG Partners LP 1.30% 15 Apr 2024
GLG Partners LP 1.23% 8 Apr 2024
GLG Partners LP 1.16% 5 Apr 2024
GLG Partners LP 1.09% 8 Mar 2024
I think we might break a £1 soon.
Article here about Harry Hyman if any one is interested.
no paywall.
https://www.ft.com/content/c841a22f-25fb-41ab-a5ed-e9099c6692e2
Until interest rates drop the SP won’t move as with all REITs.
Jefferies raises Primary Health Properties target to 120 (110) pence - 'buy'
Almost a 10% upgrade.
Nice one Harry. That is how you show the market and the shorts that you think the discount is too large.
Director purchase - Harry Hyman - £68,862.40
PCA - Claire Murphy - £19,887.41
Director purchase - Mark Davies - £136,650
PCA - Claire Murphy - £236,340
Close to half a million over the last month - £461k
I added more here recently, results were good. Director buys, and over 2% short needs to close.
Think £1 is in before end of month.
It’s all good I think we will see the share price back above £1 soon
Anyone more savvy than me? I see a lot of recent director buys - but are they buys out of their own pocket (a massive positive to me) or to do with getting lots of options? Then this morning a transfer from Richard Howells to his PCA Claire Murphy whoever/whatever that is?
I'm happy to keep adding at these prices.
More will be added on Monday through my monthly ISA subscription & my dividends will be reinvested too.
Nice to see directors buying stock.
New director keeps buying always a good sign
Sorry to go off the PHP topic but I also hold UBS Global Enhanced Equity Income Sustainable which pays a nice dividend of around 10% which is paid monthly.....Maybe not your bag but worth a look...
Will look into it further steady dividend better than yo yo ones
Have a look at Triple point housing ....Obviously do your own research have held for a year or so have an average price of 50p and getting a 10% + dividend at the mo....
Good set of results today in a tough market.
The headline drop in 'profit' is of no great concern - that's basically a reduction in Asset value (paper loss) and teh cash position remains good, add a Divi increase and it's happy days.
My small holding has a good tax free dividend in my isa. If only other companies were consistent with their dividend.
In what has been a difficult year for most companies encouraging to see a slight increase in divi.
Thanks for the reply.
It is usually their intention.
https://www.hl.co.uk/shares/shares-search-results/p/primary-health-properties-ordinary-shares/share-research
"Primary Health Properties' purpose-built doctor's surgeries have a long track record of delivering results for shareholders and is now in its 27th consecutive year of dividend increases. As a REIT (real estate investment trust), PHP has to pay out the vast majority of profits as a dividend so that should ultimately feed through to investors' pockets, although of course no shareholder returns are guaranteed."
Have checked previous RNS & company website as I was wondering if the divi is being increased in 2024.
Has anyone seen any information regarding the dividend next year?
Regards,
Brewin Dolphin late September 2023.
“There are some perfectly good companies in the property sector which have been unfairly lumped together with their peers. For one, Primary Health Properties (PHP) is an investment trust that invests in healthcare facilities, such as GP surgeries. Two years ago it yielded around 4%, but now it yields nearly 7%.”
Having recently bought in a small way I can’t see why PHP seem to be off the radar of many investors. It has a very good business model with a steady income stream from quality properties. The directors are heavily invested. The SP seems stuck around 100p. Am I missing something?
I would say shorts closing would explain many of the jumps on these stocks, though I have not seen any reductions yet of short positions.
Nice rise. Is this the Johannesburg effect ?
Https://m.youtube.com/watch?v=tN4sNXzBC0w&pp=ygUeUHJpbWFyeSBoZWFsdGhjYXJlIHByb3BlcnRpZXMg