tatttie
30 Mar 2018
Dividend Was anticipating receipt of the dividend today as due on 31st. Haven't had it credited to my Isa. Anyone else?
freddie99
10 Jan 2018
HSBC VS HARGREAVES LANSDOWN These shares can't currently be bought via HSBC Invest Direct because of the introduction of KIDs and the apparent failure of HSBC to create the necessary documentation for their platform. No problem, it would appear, buying themvia Hargreaves Lansdown, they've already got the documentation available!
JohnOfYork
12 Dec 2017
Re: Contacted Medicx. " Reply" There we go! Pretty strong Final Results announced and a good SP recovery.
JohnOfYork
05 Dec 2017
Re: Contacted Medicx. " Reply" Thank you for taking the trouble Derek. Their response is surprisingly quite detailed and flagging up the date of year end results could be interpreted as a good sign as they'd hardly bring attention to this event if there's going to be bad news.
Derek47
05 Dec 2017
Contacted Medicx. " Reply" Thank you for your enquiry. You are right that the MedicX Fund has seen a recent decline in share price. We are monitoring the price which we believe has fallen because of a number of factors as well as general market volatility. Firstly the shares went Ex-Dividend on 16 November; secondly the bank of England interest rate was increased at last committee meeting; and thirdly, a peer of MedicX Fund in the same sector, Assura Group, announced a £300 million fundraise at a significant discount to its prevailing price. We believe these have contributed to the price reduction.We are of the view that the disposal of 5 smaller older assets announced on 16 November was a positive step, in line with the Fund's strategy of focusing on modern high quality, larger dominant assets. Indeed the announcement shortly thereafter on 20 November shows our commitment to larger modern assets with a commitment top forward fund a new £4.6 million scheme in South Wales. I hope this is useful and do look out for the MedicX Fund’s year end results due on 12 Dec 2017 where there will be more information on the performance and position of the fund.
soi
05 Dec 2017
Re: What's up Doc? HiI`m a long term shareholder here, noticed the drop of course and also somewhat puzzled.Some thoughts, the sp weakness seemed to start at about the same date they sold off 5 properties, 15 or 16 Nov. I think.Why were the properties sold? all primary care units, MXF`s forte.One property purchase followed but of lower value than the sales.Maybe the sp had got a bit ahead of itself when it spiked up to 90p +.?Maybe fear of the possibility of a Labour government getting in and then wishing to bring back some of the properties in to state ownership rather than PFI. ?Maybe none of the above.I did actually add a bit yesterday.Trade volume was about double average, not usually a good sign when a sp is dropping.ATB & GLsoi
sadoldsod
04 Dec 2017
Re: going down?? Like you cant see why this is going down but some one seems to know something that we don't.
Derek47
04 Dec 2017
going down?? Like you Billy Punter, I am also in the dark about what is happening to this share, I have looked for for a reason, but found none, (so far) and I would be grateful to anybody to who can also enlighten me.
billy punter
21 Nov 2017
What's up Doc? Suspect I'm the only one in the dark, as usual, (quick search yields no clues) so could someone take pity and enlighten me as to why we are suddenly helter-skelter in the wrong direction? Was Mugabe a major shareholder perhaps?
tatttie
30 Aug 2017
Conversion to Reit Notice of this proposed conversion announced. Primarily for tax purposes. Seems Ok to me. Any thoughts?
Simbr
07 Jun 2016
limited profit progression? Edison's note out this morning on Research Tree: "In H116 MedicX Fund continued to selectively add assets, despite a highly competitive UK investment market, and it maintains a strong investment pipeline in both the UK and Republic of Ireland. Profit progression during the period was limited by the time between drawing on funding and income generation from investment; as this unwinds, earnings growth should pick up, supported by the new management fee structure. As a long-term investor in modern primary care properties in the UK and the Republic of Ireland, the fund should..."
Simbrad
07 Jun 2016
Edison's note out this morning on Research Tree: "In H116 MedicX Fund continued to selectively add assets, despite a highly competitive UK investment market, and it maintains a strong investment pipeline in both the UK and Republic of Ireland. Profit progression during the period was limited by the time between drawing on funding and income generation from investment; as this unwinds, earnings growth should pick up, supported by the new management fee structure. As a long-term investor in modern primary care properties in the UK and the Republic of Ireland, the fund should..."
dunokay
07 Mar 2016
Re: Dividend cover I see PHP divis are now covered >100% vs MXF 69%. So they can get there, but it does indeed require a lot of nerve to borrow from the bank at 4.5%, invest at a rental yield of 5.4% and then pay a dividend of 7% of the share price which is itself a premium on asset value - requires huge gearing plus asset and rental growth.George, can we have some inflation please?
wineberry
21 Dec 2015
Dividend cover A quiet board! Main attraction of this and similar funds is the dividend + possibly some growth. Having looked at the results and board's comments, I have decided not to invest because of the very low dividend cover at 65%. The board state that part of the dividend (ie 35% or so) is being paid from capital but they hope to lessen this amount over time. That is worrying and sustainable only if capital values of the properties increase and part sale proceeds used. The sector choice of healthcare is obviously attractive. Edison issue some very useful research papers on this sector with many comparisons. For instance, Primary Healthcare Properties yield was 89% covered at half year and expected to be 100% shortly - penalty to you and me is a lower yield at 4.9%.
billy punter
18 Feb 2015
Re: Results Like you Fat Investor, I'm befuddled and slightly perplexed by these equity transfers, typical being:18 Feb 2015: Issue of Equity05 Feb 2015: Sale of ordinary shares out of treasuryCould someone with more understand of what goes on in this respect in ITs educate us? Otherwise I'm left wondering if my investment is being dilutes by some of these manoeuvres.
