Oliver Hasler, executive chairman of PYX Resources, presents 1H24 Results. Watch the interview here.
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Yeah, reading the end of the RNS seems to imply that too.
“… This disposal is a clear illustration of our ability to pro-actively manage the portfolio to provide an attractive and sustainable level of income, together with the potential for growth, from our diversified portfolio of modern, purpose-built care homes."
Fingers crossed they can keep the divi increasing. Certainly like the progress at they are making.
I don't think it will.
It reads like a good deal for the company, getting rid of some old stock, the debt payments will reduce, which will hopefully take a chunk out of the lost rent.
Just trying to gauge if the sale will negatively impact the dividend payout. Appreciate the loss of income as a result of the sale will be offset by the partial debt repayment, but wonder if it means they will reduce the dividend?
Any views much appreciated
Yes, I think this can only be a win from a reduction in interest rates.
I've been a holder for a few years, the revenue seems secure, so the dividends should continue or increase and the discount should narrow once central banks start to cut interest rates. Goldman Sachs have cut the interest rate on my Marcus savings account so they clearly think rates are coming down soon I guess.
I'm a holder since April 2023 at 76p. Progress has been bumpy and limited, but just keep collecting the divis I guess!
Still great value to be had here.
Any other holders out there?
Been a good day today, fortunately I reached my ideal position a couple of days ago. So I'm well happy.
Nice bounce back from x div day.
Good buying opportunity yesterday.
Onwards and upwards
Great figures out today.
Another interim div. No reason for this cash cow to end.
Three new places coming on line soon.
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