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MedicX Fund Limited (MXF)     

skinny - 08 Jun 2015 19:48

logo.jpg?h=45&la=en&w=209



Key facts

Specialist primary healthcare infrastructure fund
MedicX Fund is a leading investor in modern purpose-built primary healthcare properties leased to doctors and the NHS.

Investment in primary health and social care facilities is a key UK Government priority – new buildings provide people with modern integrated primary care services.

The Fund’s investment objective is to achieve rising rental income and capital growth from the property portfolio.

The key objective of the Fund is to increase net income over time to support a rising dividend and provide capital growth.


Company Website

Financial Calendar

Recent Broker notes

BarChart Indicators

Recent Market news

MedicX Fundamentals (MXF)





Flag Counter

skinny - 09 Dec 2015 15:55 - 14 of 59

Sale of ordinary shares out of treasury

skinny - 23 Dec 2015 11:49 - 15 of 59

Acquisition of new primary healthcare centre

MedicX Fund, (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Ireland, is pleased to announce that it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Crumlin, a suburb of Dublin. The property is due to be completed in January 2017.

The completed development will be let to the Health Service Executive, a number of GPs and associated medical service providers. The GP and Health Service Executive leases will be for a term of 25 years from practical completion with the majority of rent being subject to five-yearly CPI reviews. The total acquisition cost of the property is €8.0 million.

Following this transaction, MedicX Fund's total property portfolio now comprises 149 properties throughout the United Kingdom and Republic of Ireland of which 143 are operational and fully let, with six under construction. The annualised rent roll for all properties is now £36.2 million.


- End -

HARRYCAT - 29 Dec 2015 12:12 - 16 of 59

Are you holding this skinny or trying to trade it? Seems there is an opportunity to do both (i.e. get divi) but timing a bit tricky.

skinny - 29 Dec 2015 12:28 - 17 of 59

Purely holding them Harry.

skinny - 02 Feb 2016 11:38 - 18 of 59

Notice of dividend

The Directors have approved a quarterly dividend of 1.4875p per Ordinary Share in respect of the period 1 October 2015 to 31 December 2015. The Directors expect, subject to unforeseen circumstances, to pay dividends totalling 5.95p per Ordinary Share in respect of the financial year ending 30 September 2016. The dividend will be paid on 31 March 2016 to ordinary shareholders on the register as at 19 February 2016 (the "Record Date"). The corresponding ex-dividend date will be 18 February 2016.

The Company is offering qualifying shareholders the opportunity to take new ordinary shares in the Company, credited as fully paid, in lieu of the cash dividend to be paid on 31 March 2016, by participating in the Scrip Dividend Scheme (the "Scheme") previously put in place by the Company on 5 May 2010.

HARRYCAT - 10 Feb 2016 08:34 - 19 of 59

StockMarketWire.com
MedicX Fund Ltd has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Brynhyfryd, Swansea. The property is due to be completed in January 2017. Total acquisition cost is GBP3m.

skinny - 16 Feb 2016 16:09 - 20 of 59

Annual General Meeting results

HARRYCAT - 10 Mar 2016 11:04 - 22 of 59

Acquisition of a new primary healthcare centre
MedicX Fund Limited, (LSE: MXF), the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Ireland, is pleased to announce that it has contracted to acquire a modern primary healthcare medical centre in Carlisle, Cumbria.

The property is let to a GP practice, a local charity and a pharmacy. The total acquisition cost of the property is £4.1 million.

The MedicX Fund's total property portfolio now comprises 151 properties throughout the United Kingdom and Ireland of which 144 are operational and let, with seven under construction. The annualised rent roll for all properties is now £36.6 million.

skinny - 14 Mar 2016 10:17 - 23 of 59

Scrip Dividend Declaration

skinny - 20 Apr 2016 16:03 - 24 of 59

3+year high @89p

skinny - 10 May 2016 10:59 - 25 of 59

Toying with the high of 89.50p

skinny - 10 May 2016 16:42 - 26 of 59

A new high @90p.

skinny - 24 May 2016 09:09 - 27 of 59

Results for the six month period ended 31 March 2016

Financial results
· 0.4 pence per share increase in EPRA NAV for the period to 31 March 2016 to 71.2 pence per share (30 September 2015: 70.8 pence per share)
· Quarterly dividend of 1.4875p per share announced in April 20164; total dividends of 5.95p per share expected for the year or 6.8% dividend yield, an increase of 0.8% (2015: total dividends of 5.9p per share; 7.0% dividend yield)4,7
· EPRA earnings of £6.8 million, equivalent to 1.8p per share (31 March 2015: £7.0 million; 2.0p per share)8
· Dividend and underlying dividend cover of 63% and 71% for the six month period (31 March 2015: 67% and 67%)9
· EPRA NNNAV of £226.3 million equivalent to 60.3p per share (30 September 2015: 228.9 million; 62.7p per share)8

Investments
· New committed investments between 1 October 2015 and 31 March 2016 of £27.4 million
· £573.0 million committed investment in 151 primary healthcare properties, an increase of 2.4% over the period (4 December 2015: £559.5 million, 148 properties)1,10
· Annualised rent roll now £36.7 million with 87% of rents reimbursed by the NHS, an increase of £0.9 million, or 2.5%, since 4 December 20151
· Strong pipeline of approximately £144.0 million of further acquisition opportunities1

Funding
· Market capitalisation £328.5 million1 including £8.5 million net proceeds raised from 10.0 million shares issued since 1 October 2015 at an average issue price of 85.0p per share
· Total drawn debt facilities at 31 March 2016 of £337.4 million with an average all-in fixed rate of debt of 4.45% and an average unexpired term of 14.5 years, close to the average unexpired lease term of the investment properties of 15.7 years and compared with 4.45% and 15.0 years at 30 September 2015
· Net debt of £311.6 million equating to 52.3% adjusted gearing at 31 March 2016 (30 September 2015: £281.4 million; 50.2%)

HARRYCAT - 24 May 2016 10:12 - 28 of 59

It all looks good, I think skinny? The sp is never going to impress too much, but hopefully the yield will be maintained.

skinny - 24 May 2016 10:18 - 29 of 59

Agreed Harry and thanks for the pointer! :-)

Since I bough last year, I've seen a gain of @4% plus 4 dividend payments with 1 to come - currently yielding @6.8%.

I've put some in my brother-in-law's SIPP also.

skinny - 24 May 2016 10:56 - 30 of 59

24 May Peel Hunt Hold 86.63 85.00 85.00 Reiterates

skinny - 28 Jul 2016 13:16 - 31 of 59

A new high @91p.

skinny - 15 Aug 2016 12:08 - 33 of 59

A new high @92p.
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