Opinions
Ben Cheng
Primary Health Properties
PHP-LN
TOP PICK
Dec 03, 2015
N/A
Stock price when the opinion was issued
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(Top Pick Dec 3/15, Up 8.12%) There was certainly some volatility. The actual business itself will not be affected by Brexit. They are looking at properties in Ireland now. 91% of their revenues currently come from the NHS in the UK. He sold last week because he cannot predict the continual political changes in the UK and it was at a high.
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Doctors in hospitals in the UK were in there for free and so did not need medical buildings. The government started paying their rent. Now, 90% of PHP-LN’s revenue comes from the UK government.