VHP Vital Healthcare

[Toasty]

The over subscription was significantly scaled back - I got only 30% "extra shares" (but only 10% of the applied!).

Where do you go to find out how this went? Computershare?

[RRR]

https://nzx.com/companies/VHP/announcements/240171

[Toasty]

Got my letter last night. Same scaling not surprisingly. Bit disappointing really as I thought this was a good chance to acquire a reasonable holding at a good price. Never mind. Still a win.

[Toasty]

30 year lease term with MercyAscot. Not a bad length of time. I wish my tenants would sign up for this long...with appropriate ratchet clauses of course.

https://www.nzx.com/companies/VHP/announcements/245280

Come on people lets hear some support for VHP. Its an exciting stock...no really, it is?

[Sideshow Bob]

Will be exciting when I get my divvy in a couple of days. Then I will go back into a slumber.........ZZZZZZzzzzzzzz

[Onion]

VHP vs $AUD

I was interested in how the shifting NZD-AUD exchange rate affected VHP share price. VHP's assets are nearly 75% Australian (70.9% June 2012, 73.79% June 2013) so will be worth less in NZD when the kiwi is strong.

The SP in NZD is very flat over the past year but has steadily appreciated when converted to AUD.

Attachment 5204

[Onion]

Craigs analyst Chris Byrne in Dominion/Stuff (5/2/2014, Investors lose out to fund managers) says, with respect to management of property trusts

"Vital [Healthcare Properties] has some of the worst corporate governance in the sector but it has done very well."

I have previously wondered about the conflict when the majority shareholder is also the manager of the portfolio - as is the case with VHP.

[Toasty]

http://www.stuff.co.nz/business/indu...-Aussie-assets

Something in the wind? Nice little rise of late in the share price. I probably shouldn't wish for excitement in this holding as XRO and PEB provide enough heart attacks on a regular basis.

[fungus pudding]

Is this thing a PIE?

[couta1]

Is this thing a PIE?

Certainly is.