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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.
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Jefferies cuts Target Healthcare REIT price target to 104 (108) pence - 'buy'
Agreed Dartron, 107% cover for the dividend now too which is always a positive. Staggering how much families have to pay to keep their loved ones in decent accommodation in their final months/years though.
Https://www.youtube.com/watch?v=fxlBkGZEw9M&ab_channel=InvestorMeetCompany
Notes from presentation:
Net LTV 25.8%. Debt facility 320M, with 252.5 drawn / 67.5 available.
91% debt hedged / fixed.
Regarding the debt 150M long term debt locked in for 10 years (no date given) at 3.18%.
Remaining 170M expires Nov 25, of this 80M is hedged. (Meaning the 90M is floating rate, Meaning that they have used up all their fixed rate debt, the 67.5 available is therefore not fixed). I wonder what this will look like when refinanced in 2025, However referring back to the 25% LTV, I guess this will be ok. This also explains why there are no buy backs, as they said buybacks would be from debt, and the benefit would therefore be negligible.
Great company, great product, great presentation.
It is a great finding, thanks. And also a fantastic upside today. GLA.
Https://www.thisismoney.co.uk/money/investing/article-12737491/MIDAS-SHARE-TIPS-care-homes-proud-like-Target-lift-investors-too.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.216555923.46649243.1699733687-829466088.1679172563&_gl=1*7axl07*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTY5OTc3OTE1OC40MS4xLjE2OTk3NzkxNjEuMC4wLjA.
Agree totally .I buy this systematically for my ISA and regard it as a core holding
It's in the top quartile of dividend yield.
Probably not a very exciting share to hold but over time with reinvesting the dividend,the pension pot will get filled up.
Not investment advice, just my opinion.
Should declare I have bought many times over the last 6 months.
GLA holders.
The divident is slightly improved according to the today's statement. We might see 2p next year. The main reason to invest here is to avoid volatility comparing with a number of other shares.
Apart from most ftse shares trading lower the issue here is the dividend. People never respond well to a divi cut & the recent Rns states a decrease from 2022 of 6.8%.
I have a small amount invested here so maybe it’s a good time to add?
A few people and institutions buying big today.
The near future for the economy looks difficult so perhaps this a safe place to park some funds.
Just my opinion.
GLA holders
Afternoon all,I think these shares went on sale so I bought some more, dividend coming soon.
GLA.
Good morning, bought some more on the dip earlier,with the pension tax credit money.
Will probably keep adding with pension savings and quarterly dividend.
GLA invested.
Eventually the bottom will be found.
On the plus side the dividend yield keeps improving.
Will add next week when divi lands in account.
GLA holders.
Not invested here yet but looks like a good long term opportunity?
Got some more sub 70p.
Will look to add again soon.
Big buys today, dividend sitting on 8%.
GLA holders
Good afternoon all,
When I look at my pension portfolio I want this share to be high,but when I think about buying more I want a low SP.
GLA holders.
Good morning, looks like much of the stock market has been having a bit of a wobble today.
My average is just about where the SP is now.
Will add as dividend and funds allow.
The company looks well run and should be recession proof.
GLA.
Everything looks stable and rock-solid to my eye. Attractive dividend while we wait for capital appreciation.
Hi all,the dividend looks very good.
Now have loads at a pretty good average.
The yield comes out at 7.7% in the pension, so it's good to hold.
GLA.
Just added 11200 shares but it's showing as a sell.
Will keep adding at these prices.
GLA.
Afternoon all
Would have been great to have realized my profit and then bought back in today but to be honest didn't predict the drop.
Obviously the business looks well run and they have hedged against rate rises on debt repayments some time ago so the costs are under control.
Will monitor and add next month when tax credit received if still at this sort of SP.
Good luck all holders.
Hoping for another good week.
Some market watchers are saying there's more bad news to come from the banking sector especially in the US.
I have bought in here recently as a fairley safe home for some of my pension.
Looking for 90p/ share by Christmas.
GLA holders.
My 3500 share buy at 10.28 is showing as a sell,I think it's because I got a good price.
Onwards and upwards.
GLA holders.
Many thanks for the responses and clarifying that for me!