Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PRIMARY HEALTH PROPERTIES. We currently have 25 research reports from 3 professional analysts.
|23Mar17 07:00||RNS||Republic of Ireland Acquisition|
|21Mar17 12:18||RNS||Secured Note Issue|
|16Mar17 15:00||RNS||Holding(s) in Company|
|15Mar17 17:30||RNS||Notice of AGM and Form of Proxy|
|08Mar17 17:43||RNS||Director/PDMR Shareholding|
|08Mar17 17:40||RNS||Director/PDMR Shareholding|
|02Mar17 15:42||RNS||Annual Financial Report|
Frequency of research reports
Research reports on
PRIMARY HEALTH PROPERTIES
PRIMARY HEALTH PROPERTIES
Clear road, full tank, strong dividend prospects
02 Mar 17
PHP reported final results 16th February. PHP has paid 20 years’ unbroken dividend increases since first listed. Assets are all on long term leases, mostly upward only rents: a REIT with sustainable growth. At a relatively mature stage in the market cycle, this offers growth with resilience. With a successful £150m fund raise under its belt, visibility of steady expansion and re-gearing imparts upward momentum to EPS. We thus see scope for continuing further dividend growth. 2016 cash dividend cover was 100%. 2017 onwards we see growing, covered dividends.
Hardman & Co Monthly: March 2017
01 Mar 17
Most major pharmaceutical companies have reported results for 2016 during the last few weeks, providing the opportunity to update our industry statistics. For an industry that requires a long investment cycle, decisions made many years ago have consequences on current financial performance. Being able to look at performance over 20 years highlights how strategic decisions have panned out.
27 Feb 17
FY16 was Primary Health Properties’ (PHP) 20th year of uninterrupted dividend growth and saw a return to full dividend cover. The capital increase in April 2016 (£145.3m net of costs) enabled management to reduce LTV, lower the cost of debt and continue to expand the portfolio of modern, purpose-built primary care assets on long leases mainly to government-backed tenants. The efficient operating model should deliver further reduction in the EPRA cost ratio in FY17 as the portfolio grows, increasing profitability and underpinning the secure dividend stream. The first quarterly dividend for FY17 of 1.31p has been declared, and we forecast continued, fully covered dividend growth to 5.25p per share in FY17 and 5.36p in FY18.
The Quest for Dividends
01 Feb 17
The Dow Jones Index has just breached the 20,000 mark, the first time in its 131- year history that it has done so, whilst the FTSE-100 Index has also been at record levels in recent weeks. The election of the controversial Donald Trump as the new US President, and more specifically the impact of his planned expansionist economic policies, have boosted stock markets, both in the US and in the UK.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
The Monthly November 2016
01 Nov 16
Share prices are built on expectations - expectations about all sorts of things, such as a company’s future sales growth, the trend in margins and the profits it can return. Understanding those expectations and how they move is critical to share price formation. Listing rules require quoted companies to update investors on progress relative to expectations. What managements often fail to understand is that many of their key investors do not have access to brokers’ research and, thus, cannot put management statements into context. It is these very investors that can cause shock movements in share prices on announcements in limited trading.
Another positive verdict
20 Mar 17
Burford’s results for 2016 produced another outstanding set of figures. Revenue grew by 60% to $163.4m with strong growth in the litigation finance business and an additional boost from a secondary sale in the Petersen case. On an underlying basis net income grew to $114m, a 75% increase despite the investment in growing capacity which increased costs. A combination of ongoing investment and gains and increases on valuation saw the fair value of the litigation assets increase 67% to $559m, underpinned by a growth in invested capital to $394m. With the results statement there was an announcement of a further sale of 9% of the Petersen case at a valuation of 20 times the cost of investment.
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.
N+1 Singer - Morning Song 22-03-2017
22 Mar 17
Carador Income Fund (CIFU LN) Premium rating restored, high levels of refinancing activity | Cello Group (CLL LN) Outlook getting brighter – watch Pulsar | Eckoh (ECK LN) Largest ever US secure payments win | eg solutions (EGS LN) Full year results in line | Futura Medical (FUM LN) Licensing deal for CSD500 in Portugal | Verona Pharma (VRP LN) Global agreement with QuintilesIMS to support development of RPL554 | Xaar (XAR LN) 2016 results slightly ahead, reduced visibility in 2017
Making Mobiles Better
17 Jan 17
Mobile phones are increasingly the key connection for the modern world. This means that the performance of mobile phones, and their networks, is going to become more critical for all the apps and businesses that rely on them. New technologies such as VR, AR, and AV will need better, more reliable connections to really move into the mainstream. In this thematic piece we attempt to identify some of the most important issues facing mobile phone networks and their users, and start to identify solutions and enablers that will solve these problems and create value by doing so.