Primary Health Property acquires Welsh medical centre
16th Jan 2014 09:44
Primary Health Properties, which invests in modern primary healthcare facilities, announced Thursday that its wholly-owned subsidiary had been contracted to fund the development of a new modern, purpose built medical centre in Wrexham, Wales. The total consideration for the acquisition was £2.25m.
Read morePrimary Health Props to buy Prime Public Partnerships
15th Nov 2013 11:02
Primary Health Properties (PHP) has agreed to buy Prime Public Partnerships (PPP), which holds investments in 54 UK healthcare facilities, for 41.1m pounds. The consideration will be paid via the issue of shares at 320p each. PHP said the acquisition is a "key part of the strategy to grow the gro
Read moreWednesday broker round-up
6th Nov 2013 08:48
Anglo American: Alphavalue moves target price from 1816.9p to 1827.1p upgrading from add to buy. Associated British Foods: Citi raises target price from 1950p to 2350p, while leaving its neutral rating unchanged. Assura Group: Liberum Capital initiates with a target price of 42.9p and a buy recomm
Read morePHP begins to splash its fresh cash
20th Jun 2013 12:14
Primary Health Properties has acquired two existing medical centres for a total of 9.0m pounds. The small cap healthcare property investor added a fully let medical centre in Bromley-by-Bow, East London, and the other in Cardiff in South Wales, which is also fully let. The company raised £68.5m c
Read moreThursday tips round-up: Great Portland Estates, Capita, Primary Health
23rd May 2013 07:09
At a 33 per cent premium to their net asset value one could be forgiven for worrying that shares of Great Portland Estates are considerably overvalued. After all, that was the valuation reached just before the Great Bubble burst, with an all too familiar ending. Further, the company is essentially a
Read moreSector movers: Savills weighs on real estate sector
26th Mar 2013 15:33
High Street estate agents Savills was providing a drag on the real estate sector on Tuesday on rumours of a stake sale. Various news sources had cited traders as saying that Credit Suisse was placing nearly eight million shares in Savills at up to 545p each, below Monday's close of 576p. Shares w
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreSector movers: British Land drags REIT sector lower after placing plans
12th Mar 2013 14:37
The real estate investment trust (REIT) category was the worst performer of Tuesday's session as a sharp fall for heavyweight property group British Land weighed on the sector. The company revealed this morning that it has disposed of Ropemaker Place in London for £472m and would be undergoing a pl
Read morePHP moves closer to full dividend cover after AMP acquisition
14th Dec 2012 11:20
Primary Health Properties (PHP) announced Friday its acquisition of Apollo Medical Partners (AMP), an investor in primary care and pharmacy properties in the UK. PHP, one of the UK's largest providers of modern purpose built primary healthcare facilities, has purchased the entire issued share capit
Read moreM&A round-up: Terrace Hill, Plus Markets, Sweett ...
19th Sep 2012 15:15
Terrace Hill Group, a leading UK property development and investment group, has announced the conditional acquisition of a foodstore and residential development site in Midsomer Norton, Somerset, and reported good progress with three other foodstore developments around the country. The acquisition w
Read moreSunday share tips: Lonmin, Primary Health
27th Aug 2012 13:45
Violence at Lonmin's Marikana mine after a wage dispute escalated has left 44 people dead and a company in crisis. Net debt at the interim stage was $356m and, because the company's revenues have now plunged, a rights issue may be necessary. Marikana makes up 96 per cent of Lonmin's output. Analysts
Read morePrimary Health Properties eyes new health care bill
22nd Aug 2012 10:18
Primary Health Properties, the property investment firm, has reported declining pre-tax profits but is rubbing its hands at the prospect of financing the new facilities demanded by the government's controversial Health and Social Care Act. Rental income in the six months to the end of June came in
Read moreTuesday tips round-up: Mitie, Primary Health Properties, Mecom
22nd Nov 2011 06:32
"Mitie's halfway report is significantly more cheerful than other updates from its rivals," writes the Tempus column in the Times. The column notes that Mitie reported organic growth of 5.1% in the first half, surpassing estimates of 4.3% from house-broker UBS. "Its strategy is to offer an ever wide
Read moreTuesday tips round-up: Burberry, Acta, Jupiter
19th Apr 2011 06:30
Burberry, the luxury goods group, is expected to maintain its strong momentum by posting a sharp uplift in second-half sales today. Burberry's shares - which are up by more than 60% in the past year - have also been buoyed by persistent bid speculation. Given the valuation of 21 times forward earnin
Read moreTT Electronics chairman ups stake
15th Apr 2011 16:52
Sean Watson, chairman of TT Electronics, has upped his stake in the sensor and electronic component technology firm, buying a total of 12,550 shares for £29,221. In two separate transactions, Watson bought 7,550 shares at 166.5p per share and a further 10,000 at the same price, 5,000 of which were
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