Ashley House Share Discussion Threads

[scrabble1975] 10/12/2013 20:02

Completely agree with all your sentiments. Thanks :)

[cockneyrebel] 10/12/2013 18:14

No thanks needed, it's a pleasure. Far nicer making money with others than on your own imo - it's a sad lonely life not talking to friends and just quietly making dosh - money isn't everything. No harm giving others a hand up if you can, better than the trolls that want to give others a kick in the groin imo :-)

Anyway, we all make mistakes - at least you're a guy that's learnt from them - that way mistakes aren't a total negative.

CR

[scrabble1975] 10/12/2013 18:10

Yeah, cheers CR. Remember some time ago when I got stopped out on half of my THT holding at 78p? (Fortunately I was to immediately buy into another of your stock picks ITV at circa 130p). Well anyway, I have tried to learn my lessons on illiquid stocks-cope with the highs and lows, buy on the dips, small SB positions and take any profit I can on the bigger dips, and add on any pull backs. If only I'd held on to some positions linger, I'd be sat on another 20 percent of the amount I've made this year. It's my first year in the markets, and whilst I am aware that we have seen a bull market in full swing, I cannot thank you enough for your help. I try to be one of the first to speak up when the trolls step in to annoy people (not that you require any help) but IMHO, you are the best poster on ADVFN, and your presence is hugely appreciated by a lot of newby and experienced investors alike. Cheers matey.

[scrabble1975] 10/12/2013 17:52

Well after a small faff of a decision on topping up on another illiquid stock, I got in on the dip. 7 percent down on my first purchase a week or so ago, but 7 percent up on this mornings! So, break every, with a reasonable, albeit small'ish investment in ASH. CR, thanks again for helping me with indirectly helping me to rationalise my decisions.

[doodlebug4] 10/12/2013 16:57

Some clever people took advantage of that early morning dippy dip! :-)

[cockneyrebel] 10/12/2013 16:38

looks like the mm's took a good 200k in total late today and never marked the bid down - someone's accumulation on the dip imo.

off 7% in total at the end of the day when sanity returned - let's see how fast buyers get in when these start rallying with that broker target raised by 60% today.

All imo/dyor etc.

CR

[yump] 10/12/2013 11:27

Looks like the usual self-induced mugging earlier by a few folk.

[napoleon 14th] 10/12/2013 11:21

Market coming to its senses, but crazy enough for me to pick some up @ 23p....

[hezza123] 10/12/2013 10:49

Same here, Greenroom78. Was tempted to add, but already hold enough. Good day for new investors to take a slice of what ought to be a decent investment. I was reading the WH Ireland note earlier, whilst simultaneously rubbing my eyes in disbelief that the shares were down around 15%. Crazy market...

[cockneyrebel] 10/12/2013 10:49

Thanks Tudes - yet another classic trader reaction - sell the headlines and think afterwards imo :-)

Not at all surprised to see these have started to bounce well already - hardly a disaster, seeing where it has come from in the past few months imo:

[greenroom78] 10/12/2013 10:43

Recovering now. Always seem to get sell on news in stuff like this after a rise (unless exceptional) and illiquidity tends to make it worse. My guess is traders sold the numbers rather than the story which is about H2 and the future. Unfortunately I had no funds to add but 22p was a bargain, luckily I did my buying sub 20p.

[irenekent] 10/12/2013 10:29

Topped up again. Very good management that didn't lose its nerve when the government started changing everything. There are people in this company with huge experience of the new areas the company is targeting for growth.

[hezza123] 10/12/2013 10:26

mathewawood: "The options, which have an exercise price of 15p (which was approved at the AGM) will not be exercisable unless and until the Company's share price equals or exceeds 37p for a period of at least 20 consecutive working days and upon exercise is at or above the 37p threshold."

[mathewawood] 10/12/2013 10:22

Greenroom, Sorry. Found them.

[mathewawood] 10/12/2013 10:21

Greenroom, What are those options?

[greenroom78] 10/12/2013 10:10

Nice upgrade from WHI, just below the price where the BoD's options become accessible.

[scottishfield] 10/12/2013 10:07

Tudes . a buy rec, excellent & tks. just what the doc ordered.

[eezymunny] 10/12/2013 10:06

Looks like a few penny punters freaked at H1 numbers and lack of certainty on full year numbers.

The key for me is the order book which continues to increase nicely. Balance sheet strong (debt free with Eltham and LIFT payments due imminently?). And PE looks like only c. 7 here. I guess may need to borrow to finance new projects coming on stream?

Sounds a bit like full year numbers will depend on factors out of their hands but at the end of the day if 1 or 2 projects are slightly delayed it's only going to make next year look even better.

Still looks too cheap to me but obviously project delays, execution risk etc to consider. For me risk/reward looks good at this price.

[tudes100] 10/12/2013 10:05

"WH Ireland hoisted their price target on shares of Ashley House (LON:ASH) from GBX 20p ($0.33) to GBX 32p ($0.52) in a research note issued on Tuesday, American Banking News.com reports. The firm currently has a "buy" rating on the stock. WH Ireland's target price would indicate a potential upside of 23.55% from the stock's previous close."
Tudes

[masurenguy] 10/12/2013 09:35

I've also added here this morning. The order pipeline looks strong and the H1/H2 ratio - previously 45/55 - would appear to be extending further into the second half.

The other positives are the 17% reduction in administrative expenses and the 45% reduction in net debt since H1 last year. Future cashflow looks even more positive in H2 aswell. The main negatives are the fall in sales (probably just timing) and the decline in gross margin from 33.3% in H1 last year to 28.5% this year. This may be due to product/service mix but there was no explanation or reference to it in their statement.

[scrabble1975] 10/12/2013 08:42

Sod it. Added. Illiquid stock, seen this too many times to be caught out again! Lol Cheers everyone :)

[twiggy2] 10/12/2013 08:33

Added a few more too.