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Great to see strong support for PSPI, on whats been another crap day for the market.
Hope some of the big investors look at these; they deserve a much better run than they have had. Not very often that a share is worth only 1/2 the NAV, and pays such a good dividend.
It will only be matter of time before these start moving. Punters will see the potential. I think many investors sense we maybe on brink of a mini correction soon (if it comes i dont know), and as a result sense a further drop in prices, or maybe profit taking after recent rise. Come a few months maybe, when hopefully more positive data emerges about the slowly recovering uk economy, money will fly into this share. These prices make share a steal.
Surely this is a strong buy. Look at the financials and the last interim report; the property valuations are provided by industry professionals, the income streams are essentially government backed, populations (especially elderly) are increasing, there are limited financing resources available to competitors and the managers appear to be doing an excellent job (all financing covenants have been maintained). I already have a few of these, I am going to buy a few more at these bargain basement prices before the investment experts tell me its time to buy when this share price reaches NAV .
Patexd - Clearly I haven't read the leases but providing the annual rent is based on nil increase or RPI, whichever is greater it may well be more beneficial than the typical rent reviews at 5 year intervals. At least there may be some uplift. I can't see many lease with a 5 yearly rent review pattern getting an increase over the coming years.
Sorry spelling. ancient laptop but hp pavilion ze4 900 has been unbelievably reliable for 5yrs.
This share seems to have sufered by speculators playing with it. Low UK inflationwill not elp its indexed earnings and whilst weak sterling enhances German revenues it will be less enhancing when sterling eventually recovers. This company will not be in any hurry to raise the dividend at present levels but the NAV gives plenty of scope for growth from a a fully retraced SP in future years and posibility of takeover by a German operator.
PSPI is trading well below NAV and when the punters wake up and smell the coffee this is going to fly! Keep up the good work roberts67
I would have appreciated an answer to my previous question, but having looked at your member info I see that you have ramped PSPI on more than 10 different boards this week.
I would be interested to know where you got your info that naked trader went long on PSPI on Friday afternoon. Can't see any reference to it on his website. I also notice that you went on the QED board on Sunday evening plugging PSPI - again mentioning the naked trader going long on Friday afternoon.
lol. Good stuff. I am more of a Rugby supporter but have a Newcastle Jacket for rainy days. Good on you for using your initiative and trying to maximize your student finances. Entrepreneurial tendencies will make you good employment material. Don't jeopardize your Studies though. I am in my mid 40's and retired from the corporate world now. I worked through the boom years to build capital and pay off everything outstanding. (hated working in corporate office world). I trade full time now and trek in Africa & Asia as a pastime. 101 is year I expect to live to, if my dog doesn't gas me into the next world. Best wishes.
Cheek ****er! I'm only 18, investing savings and student loan! I'm an Everton fan mate, and 1878 is when we were founded so yeah! GLA
Thanks for note. This has climbed sharply. As old Dan1878 (assuming that was the year he was born) asked. What is the projected growth. Can we dig up some facts on this company to support our decisions.
over here now. Where do yousee this go over the next month then?
Sudden surge of interest in this stock today.....NAV 1.93...good results were out on 29 sept.......nice upside on this one med term.....
Put some of these into ISA today . Seem to be off the radar at the moment but look a good prospect. GLA
Will have a look at this.
Yea know what you mean f,,ing BORING stock !! OK for old grannies . I thought myself today. Yet whilst the uncertainties are here I still think it is OK particularly when Glaxo has got a lift recently. The problem with these F...ING boring stocks is that there might be reasons why you should think -like if sterling continues to rise which we don't know against euro but it is not certain. Then you have to think the euro assets were bought in part at much higher sterling levels that will not very likely return -for some time anyway for sure. You have the likes of other property stocks out there like Land Securities B. Land that there is perceived more potential and eventually maybe but at more risK. Then you say a safe health care property stock -oh what a F..ing BORE and sell it. Yes I know . But still it should not be the first call -its going to be better than cash in ING ICCI or Nat West for quite a while yet -so just sit tight and forget it and wait for the next divi -that is what the creature is.
Ex div today and holding up well . One of the better real estate companies with secure earnings not dependent on the business cycle and earnings that do not depend on the consumer and are substantially secured from public sources so rather gilt edged without the hazards of overpriced gilts
and will be paid on 29th may I think, final dividend is 4 p per share
this is one of the safest in its category and should steadily climb up
Looking ahead there are a number of things that will affect this. The UK care home revenues are index linked -so that is for a little while not positive but inflation is expected to return. The foreign assets acquired when sterling was high and the foreign revenues obviously are boosting the profits as they are converted to £. A recovery in sterling against the euro will be negative -if it happens and it may not fully recover to where itwas -maybe to 130 but not 150. The SP has beenaffected due to hedge fund unloading and investor s fleeing as with anything else . The NAV at 155p means that there is good recovery space. Care home fees don't go down and the local authority has to pay when private people run out of money. They might sell of non core assets like the post offices and maybe the Zurich home for the right money. Nothing is 100% guaranteed but what survives well in bad times scores well. I just keep hundreds as a longer term holding-divi useful. Some short termers taking profits is causing a slip back from 60p -maybe an opportunity to add will arise .Debt level conservative and as said have some noncore assets to dispose if they want to lower it.
their dividend pay date is 29th may. Operating profit¹ up 14% to £14.8 million for year ending dec 2008
A seemingly well run company with very clear perspectives and know what they are doing-I am doing likewise !
I am holding them long term