Public Service Properties Investments Price

46p*

PSPI is Trading:

above the 50 day moving average and above the 200 day moving average on below average volume.


* price is yesterday's close
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Public Service Properties Investments Ranking

Overall Ranking:

894 of 1493

Financials Ranking:

103 of 154


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Public Service Properties Investments 3 Month Chart Chart from Trading View


Public Service Properties Investments RNS, News & Media Public Service Properties Investments RNS, News & Media from Proactive Investors Public Service Properties Investments RNS, News & Media from BRR Media UK Share News from Interactive Investor


Headline
2 Feb 2016
PSPI to dispose of Brakel care home propertyfrom Interactive Investor
2 Feb 2016
RNS press release - Sale of asset from Proactive Investors
13 Jan 2016
RNS press release - Holding(s) in Company from Proactive Investors
6 Jan 2016
RNS press release - Change of name of Nominated Adviser and Broker from Proactive Investors
5 Jan 2016
RNS press release - Strategic Review Update from Proactive Investors
9 Nov 2015
RNS press release - Update on Compulsory Redemption of Shares from Proactive Investors
26 Oct 2015
RNS press release - Compulsory Partial Redemption from Proactive Investors
11 Sep 2015
RNS press release - Interim Results for 6 months ended 30 June 2015 from Proactive Investors
9 Jul 2015
RNS press release - Strategic Review Update - sale of asset from Proactive Investors
20 May 2015
RNS press release - Result of AGM from Proactive Investors
30 Apr 2015
RNS press release - Update on Disposal - additional consideration from Proactive Investors
28 Apr 2015
RNS press release - Update on Compulsory Redemption of Shares from Proactive Investors
16 Apr 2015
RNS press release - Publication of Annual Report and Notice of AGM from Proactive Investors
14 Apr 2015
RNS press release - Compulsory partial redemption from Proactive Investors
23 Mar 2015
RNS press release - Final Results from Proactive Investors
4 Mar 2015
RNS press release - Completion of Disposal from Proactive Investors
3 Mar 2015
RNS press release - Result of Meeting and Notice of Results from Proactive Investors
13 Feb 2015
RNS press release - Proposed Disposal from Proactive Investors
2 Dec 2014
RNS press release - Holding(s) in Company from Proactive Investors
3 Nov 2014
RNS press release - Sale of German assets from Proactive Investors
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Public Service Properties Investments Discussion on Interactive Investor

at 48p up 6p today hmm.... by thirty fifty twenty

  Wed, 30 Dec 2015 17:18:00 GMT

large move today for this little known company -

I guess either a tip sheet,
or insiders on a pending sale to be announced.

hopefully some interesting news next week ....


All IMHO, DYOR + BoL
PSPI is in my portfolio


By thirty fifty twenty


flourish

Re: at 36p analysis of partial redemption by farmerdave

  Mon, 26 Oct 2015 09:42:00 GMT

Agreed

My calc gets me to 48p conservatively - so good inv at present - happy holder

FD


By farmerdave


flourish

at 36p analysis of partial redemption by thirty fifty twenty

  Mon, 26 Oct 2015 08:58:00 GMT

good to see progress here.

the 40% redemption I calc will give an initial adj NAV of 58p.

to the upside is the favourable FX mvt since 31 June, adding maybe a further 3p,
but admin costs are likely to be higher than net rental income less costs reduce by 2p.

however the risk aspect of the remaining assets has increased....
I.e. will defd CASH be paid?
will restricted CASH be returned?
can the assets be sold?

on a conservative extrapolation,
with a further 18 months of admin costs,
and remaining assets sold for 10% less than book value,
gives a very realisable 50p.

very tricky to buy shares though

All IMHO, DYOR, BoL
PSPI is in my portfolio




By thirty fifty twenty


flourish

Re: 25p by njb55

  Fri, 27 Mar 2015 16:27:00 GMT

Dave. Can you run through the 'rithmatic a bit slower. I'm interested in what you say but can't get my head around it. Still being bid at 24p this afternoon.
Nick


By njb55


flourish



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Re: 25p by farmerdave

  Mon, 23 Mar 2015 13:52:00 GMT

Still in same range 32-26p a share with 2/3 of shares to be bought back at 23p or so will leave remnants at a NAV of 41p a share. So if you buy in now will get 2/3 of shares cashed out and left with the last 1/3 at 50% of NAV approx - have topped up today

FD


By farmerdave


flourish

Re: 25p by farmerdave

  Fri, 13 Feb 2015 13:03:00 GMT

After current sales the value is closing down to 32 to 35 p a share - right at the bottom of my previous range. I wonder who the directors are going to work for ? Sure they will look after themselves.
Anyway got in at the bottom so OK return but thought they might have worked to get a bit more
FD


By farmerdave


flourish

In holding pattern by farmerdave

  Fri, 26 Sep 2014 10:27:00 GMT

Results generally as expected - debt amortised by 1.5 m over first 6mos. Of rent/lease inc of 8m pa "admin" still 2m pa - some cuts available here . Otherwise slowly company turniong corner especially if the op co at the homes is being better run

FD


By farmerdave


flourish

Re: How are the managers earning their money... by alpal

  Thu, 30 Jan 2014 22:26:00 GMT

Skepto: When will you [ and I ] learn that this busines is run for the benefit of the directors and consultants. What a surprise when we get another downgrade in valuations, after all the fee structure is based on:
a] The higher the valuation, the higher your fee.
b] The higher the valuation, the better the directors feel about their incompetence.
To answer your final question: No, these people don't earn their fees. If we recruited our local garbage collectors as directors, they couldn't do a worse job.


By alpal


flourish

How are the managers earning their money? by Skepto

  Thu, 30 Jan 2014 13:13:00 GMT

another disappointing trading update with a decline in capitalisation rates at a time when the value of most property is heading upwards. part of the decline is attributed to a lack of management attention. But don't these people earn their fee by dedicating the staff to the job that the job requires?


By Skepto


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Re: 25p by farmerdave

  Thu, 21 Mar 2013 14:44:00 GMT

When I posted before I said 33-67p still think it is in that range but given the pressure on peoples budgets at present wouldnt care to narrow it down really - seeing a slight growth in asset values but will be a while before it feels like we are out of the woods

FD


By farmerdave


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Re: 25p by alpal

  Thu, 21 Mar 2013 14:32:00 GMT

FD: Any view on realisable NAV? Like many, I am horribly under water having been stupid enough to buy when the directors were giving value of 150p and saying 'we are not Southern Cross'

By alpal


flourish

25p by farmerdave

  Thu, 21 Mar 2013 08:28:00 GMT

Good to see 25p so quickly - given recent run in most property companies should see this continue closer to NAV

Cheers

FD


By farmerdave


flourish

Re: US and Swiss sales by alpal

  Thu, 20 Dec 2012 15:11:00 GMT

FD: I don't remember our 'esteemed' directors talking about non-core investments when they bought these. As for the demonstrable incompetence of whoever has been doing the valuations.. but I am sure their remuneration and fees were based on the valuation being high not whether the valuation was realistic.
As for reducing costs: Easily done, fire all the directors and appoint fewer [but passably competent] at lower fees. I am available as a director - I will guarantee that I am more competent than the present lot.


By alpal


flourish

US and Swiss sales by farmerdave

  Thu, 20 Dec 2012 10:46:00 GMT

Small diff to the valuation of the company but a lot of overheads and leverage reduced. On the back of this management should take note that costs should be severely reduced
Generally a good thing for company to reduce the trouble over assets that are not really adding anything to the company

FD


By farmerdave


flourish

Re: RNS by jaxonsax

  Sat, 15 Dec 2012 13:36:00 GMT

I was disappointed with the announcement.

Given the length of time the strategic review has been ongoing it seemed a fairly small part of the groups activities and one assumes it was the easiest deal for them to do, so a discount to previous valuation of 13% doesnt bode well for the rest of the portfolio given the level of debt magnifies the effect of a valuation shortfall as far as NAV is concerned.
The US looks like a huge problem as the USPS is losing a LOT of money so buyers for that part will be very scarce or at hugely discounted valuations to reflect that.

I can see this drifting back to 10p quite easily.


By jaxonsax




Public Service Properties Investments Discussion on London South East

Rally by Empty

  Thu, 28 Mar 2013 08:30:08 GMT

I imagine that the NAV is now on the up, perhaps over 50p. Also I think that barring immediate asset sales, a small dividend may be re-introduced. We are at a massive discount to NAV, probably 100% appreciation in share price over the next 12 months. All the headlines just now feature articles about ageing population, demand for residential care isn't going to deminish. DYOR

By Empty


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Nice rally by pintofhsb

  Wed, 20 Mar 2013 18:29:01 GMT

Still need another 120% to break even though! Any thoughts on why it's on the up and how far it can go?

By pintofhsb


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pspi by Empty

  Thu, 24 Jan 2013 08:06:04 GMT

LINK

By Empty


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Re-financing & property sale by Empty

  Thu, 13 Dec 2012 10:13:11 GMT

Good news. Actively managed. Further de-leveraging (borrowings were already below 50% of assets). NAV now 63p (using 31 July post transaction figure). Long term leases. EPS about 4p going forward. A proportion of future disposal proceeds will probably be distributed to shareholders (as stated in 2012 interim accounts):

By Empty


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pathia by riddler

  Thu, 18 Oct 2012 11:16:20 GMT

but NAV means little if u can,t re-finance debt OR sell it

By riddler


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but !!!! by riddler

  Thu, 18 Oct 2012 11:08:16 GMT

Strategic Review

By riddler


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pathia by riddler

  Thu, 18 Oct 2012 07:09:19 GMT

why are you still ramping this?

By riddler


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riddler by Empty

  Tue, 16 Oct 2012 06:58:31 GMT

typo should have been a :-) in first line oops

By Empty


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loftya by riddler

  Tue, 16 Oct 2012 06:58:31 GMT

no bother, see our spats on MHG and you,l see he talks rubbish 24/7 mate

By riddler


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riddler by Empty

  Tue, 16 Oct 2012 06:57:44 GMT

Good morning to you :-0

By Empty


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STOP RAMPING by riddler

  Tue, 16 Oct 2012 06:53:23 GMT

you,re talking nonsense

By riddler


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pathia by riddler

  Mon, 15 Oct 2012 16:27:19 GMT

judging by your lies about PTCM and the rest of your short posting history people would be wellla dvised to treat your "views! with pinch of salt

By riddler


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ramper by riddler

  Mon, 15 Oct 2012 07:14:55 GMT



By riddler


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pathia by riddler

  Mon, 15 Oct 2012 07:14:13 GMT

where is this "rumour" from??..................eveidence please

By riddler


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mmmm by riddler

  Tue, 21 Aug 2012 11:33:32 GMT

they want 15p on a 14p ASK?..........something breweing?

By riddler