Primary Health Share Price (PHP)

Good business, but see the several post below yours - 1 issue as pointed out in Investors Chronicle this week - this is 1 of the increasing number of companies who issue shares at a discount, but not to ordinary shareholders - and in this case even less excuse as the Directors all helped themselves to whatever they wanted individually in the discounted placing.
Being a REIT they have to hand out most of the profits - so often the only way to grow is issue more shares - which be cause they keep doing at a discount keeps the share price down and dilutes earnings.
I acknowledge that the Medicx merger was a different 1 off opportunity to create value.

I only discovered this company last week and bought in to make this one of my biggest holdings. I recently bought BBY, STOB and IAG as they were trading at 2 year lows. All rallied 10-20% and I sold out of all of them. Finding similar opportunities was hard - hence me stumbling on PHP. I usually say buying shares at a 2 year high is a "no-no" but it is justified here.

- Increasing dividend
-c.4% dividend yield
- 98% occupancy rates of some very high standard medical buildings
- not exposed to the business cycle, government is main source of revenue
- the company offers investors diversification properties
- rent revenue linked to inflation

I like investing in companies where their business model is simple to understand. This is the sort of company you can invest in and forget about.

The only real risk is if labour get in government as they seem to hate anything that makes a profit. If you vote Labour - don't be surprised if your pension is worth hardly anything when you retire. Solid utility companies such as the water industry is perfect for pension investments, as is PHP, so if these are nationalised it means pensions have to invest funds in things they may not usually go for. Let's just hope they do not come to power anytime soon as I would like to retire one day.

Since December on director dealings very few bought anything substantial. Now all of a sudden they come in at a price they set at £1.28. Come on are they taking the P....

Terrible placing price - 128p with just 125p going to PHP. They make it look slightly better by comparing the placing price to the price this morning after they had already destroyed it. But directors are happy as they had the cash to fill their boots.

Agreed Martin. I dislike these placing which exclude investors like myself from participating though I understand it is more expedient for the company. Whether this recovers quickly from the 4.5% fall will depend imo on what the placing price is. Hopefully they will place at a small discount say at 135p. At least they are committed to a progressive divi and they would have diluted later anyway if they found an acquisition. Might as well take the hit now.