PSPI continues asset sell-offs in first half
17th Aug 2016 10:49
(ShareCast News) - Former specialist real estate investment and financing company PSPI announced its unaudited results for the six months to 30 June on Wednesday, with profit from continuing and discontinued operations is reported at £0.6m for the period, compared to a loss £3.0m for the first six m
Read morePublic Service Properties completes €10m property disposal
22nd Apr 2016 16:36
(ShareCast News) - Public Service Properties Investments completed a large property disposal on Friday, leading it to hint at a capital return to its stockholders. The AIM-traded company had announced on 10 March that it exchanged contracts to dispose of its three remaining properties leased to the
Read morePSPI sells last three properties for €10m
10th Mar 2016 10:26
(ShareCast News) - Specialist European real estate investment and financing company PSPI said it had exchanged conditional contracts to dispose of its three remaining properties leased to the Marseille Kliniken Group for an aggregate gross price of €10m (£7.7m). The sales were concluded under German
Read morePublic Service Properties sells German care asset
2nd Feb 2016 09:45
(ShareCast News) - Public Service Properties continued down the path of asset disposal on Tuesday, announcing the sale of its Brakel care home property in North Rhine-Westphalia, Germany. The AIM-traded European real estate investment and finance company said the deal was worth a gross €3m (£2.3m).
Read morePublic Service Properties narrows interim pre-tax loss
11th Sep 2015 08:58
(ShareCast News) - Real estate investment group Public Service Properties Investment (PSPI) posted a narrower interim pre-tax loss on the back of lower administrative costs. In the six months to 30 June, the London-listed group posted a pre-tax loss of £2.49m, which was 30.8% narrower than the one r
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read morePublic Service Properties drops again
30th Apr 2012 10:15
Shares in Public Service Properties Investments (PSPI) fell another ten percent on Monday after it reported a fall in net asset value in 2011 and warned about its financial health going forward. The care home company's share price has fallen 68.5% in the last month. PSPI said net asset value per
Read morePSPI plunges after strategic review
2nd Apr 2012 11:43
European care home group PSPI plunged on Monday after the firm admitted it would be unlikely to receive an acceptable cash consideration for an outright disposal of its assets. The company also said it is considering a joint refinancing as part of a potential combination of the majority of the gro
Read moreBrooks seven pocket £2.2m
24th Sep 2010 17:02
All seven executive directors of wealth management firm Brooks Macdonald have taken advantage of the share price more than doubling over the past year to reduce their shareholdings. They all sold shares at 895.5p each and raised £2.21m in total. The shares are 133% higher than one year ago. Inv
Read morePublic Service Properties invests open offer cash
20th Sep 2010 15:39
Nursing home properties investor and developer Public Service Properties Investments is putting the £24m it raised in an open offer at 70p a share in April to good use. AIM-quoted PSPI is investing in a number of extensions to its UK nursing home properties. Many of these will be completed early n
Read moreCity of London founder buys shares
16th Apr 2010 16:43
City of London Investment Group founder Barry Olliff has acquired 50,000 shares in the asset management company. Olliff, who is chief executive, paid 265p a share, making his investment £132,500. Olliff, who owns 19.9% of AIM-quoted City of London Investment, has been a seller in recent months.
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