Sometimes with recovery plays like Petra Diamonds it becomes clear you've got it wrong and it is time to cut your losses
Hello, Share Breakers. Allow me to return to a company where a lot is going on and which seems to be progressing nicely. Primary Health Properties (PHP) buys up and builds new doctor’s surgeries and other kinds of modern health centre...
Hello, Share Pickers. Primary Health Properties (PHP) is an outfit which develops and improves the rental income of buildings used for first-stage health care. What excites me about this line of work is the fact that an aging population which refuses to adopt simple methods to stay more healthy, will increase demand for years to come...
Hello share players. It usually makes sense when two companies which do the same thing merge together. Cuts down on premises, staff and paperwork. And it’s good news for shareholders in Primary Health Properties (PHP) which has married up with MedicX (MXF). PHP will hold seven-tenths of the new set-up.
Buying and developing sizeable modern health centres and renting them to general practitioners has been proving a profitable game for fully-listed Primary Health Properties (PHP), a UK real estate trust which aims to boost its present £1.1 billion of assets by at least £100 million a year and hopes to see rental growth in the sector accelerate from its present unexciting 1%. Having made nearly £37 million pre-tax in 2014, the London-based company is proposing to move to quarterly dividend payments and to carry out a four-for-one share split, after lifting net asset value 10% in the first half of this year to £377.5 million or 339p a share, with interim pre-tax profits up 47% to £32.4 million, helped by a £2.2 million interest rate derivatives gain, on a 5.2% increase in rental income to £30.6 million.
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