Ashley House Share Discussion Threads

[sirhedgealot] 01/4/2014 21:39

I still hold, not happy about the communication with big holders. Valuation still seems cheap.

[sasannach] 01/4/2014 15:45

If they knew it was going to be tight, why not under promise and if things went well over deliver!

The market is punishing then for over promising and under delivering!

Its not rocket science...or is it?

[scrabble1975] 01/4/2014 14:54

Cor blimey.

[dewtrader] 01/4/2014 14:40

topvest 1 Apr'14 - 13:38 - 694 of 695 0 0

They have missed targets for 4/5 years now. Hopefully they will start exceeding targets when the business finally starts to deliver momentum and getting finance sorted. It is looking better for the next few years...hopefully!



they are probably going to drill themselves into the ground

[paleje] 01/4/2014 14:20

WHI are playing safe, reducing 2014 estimate and not increasing 2015 until the outlook's clearer:-

"Management believe that this should just be a timing issue and that these schemes should fall into FY 2015E. However, for the time being, we cautiously leave our FY 2015E EBITDA forecast of £2.5m unchanged.
Whilst we believe that the strategy being undertaken in the Extra Care segment will yield a positive return in due course, the shares will clearly move lower in the short-term. We move to a neutral stance and place our share price target under review until we can get greater clarity on the timing of project completions at year-end."

With regards clarity I contacted AW earlier because I was worried about take-up and also pricing. He said demand in the sector had not decreased and indicated that failure to complete on signings was more a case of canny negotiators being aware of the company's YE and haggling for better deals....which they did not get.

[topvest] 01/4/2014 13:38

They have missed targets for 4/5 years now. Hopefully they will start exceeding targets when the business finally starts to deliver momentum and getting finance sorted. It is looking better for the next few years...hopefully!

[greedfear] 01/4/2014 10:41

Obviously some heavy weights are throwing in the towel.

Market reaction seems to be overdone, it's not all bad news and frankly one was warned that the target could be missed.

No use selling now. I'll hold and buy if and when share price drops further.

[goliard] 01/4/2014 08:35

Yes, but this one seems to have been given years Felix! Senior team should be allowed to go to that 'lovely kennel in the country'.

This company keeps missing targets that it sets for itself and then every so often has one okay year when revenues finally come in. That 'one okay year' then pulls in investors and the cycle starts again.

I see people already saying they are buying here because the revenues will come in next year, but which of their own targets will they miss next time!?

[greenroom78] 01/4/2014 08:27

A lot of buying this morning though. I'm back in for a few. They have said the cash is still coming but it will just come in the next FY, also talk of better funding sources. Not all bad IMO.

[spooky] 01/4/2014 08:26

I can't believe that anyone was surprised by this morning's announcement, i have started buying and i suspect that management will too.

[felix99] 01/4/2014 08:21

every dog has its day as they say Goliard .

[goliard] 01/4/2014 08:19

So annoyed with myself for not shorting these when they were over 20p. I know the management are really poor here, but I probably was put off by the bulls. At least I was right, but a shame I didn't make some money from it. This really is an awful company.

[envirovision] 01/4/2014 08:18

Christ opened down 23%, there's no way of valuing this is there! jeez. I've made a right mistake investing in this a dog with fleas or what?

[purple11] 01/4/2014 07:57

a 'bowl'for pancakes?

[paleje] 01/4/2014 07:45

I wondered the same Scburbs, both on the leaks and funding schemes.

I don'd mind that they overrun a bit and it's good they're confident on getting all 6 permissions. But the sub script made me wonder if they've got their model quite right, inferring they might be able to complete faster if they discounted?....which I'm glad they're not doing and it seems major shareholders agree. Might ask for clarification on a couple of points.

[scburbs] 01/4/2014 07:22

This is quite interesting. Long term income streams for institutions and short term profits for ASH? (possibly with longer term management fees).

"The Board is very positive about the value being created in the extra care market. Over the last few months the Company has opened discussions with a number of institutional funders looking to provide long term capital for the schemes it produces. This has led to receipt of indicative project funding proposals which the Board is now exploring. It is possible that the delay in closing some of these schemes may allow some of them to be funded this way which could enhance value."

[scburbs] 01/4/2014 07:22

Leaky discussions?

"It is therefore likely that the Company will not make a profit in the current financial year. The profits attributable to schemes that do not close prior to year end, are accordingly likely to contribute to profitability in 2014/15.

After recent discussions with some significant shareholders, the Board reaffirms its preference to take the necessary time to achieve strong commercial agreements with the right structure rather than press for completion at the expense of longer term shareholder value."

[wellum1959] 27/3/2014 13:14

I was in Grimsby today and noticed they have started on the next stage of the Extra Care project, which is the apartments. The foundations are down and the steel framework is being erected now. Mike.

[scburbs] 21/3/2014 13:20

A few more for me too.

[playful] 21/3/2014 13:15

way too cheap so I'm in now.

[greedfear] 21/3/2014 12:33

Added. Support level is near. Looking cheap. The decline can turn around very quickly and then it's often impossible to buy in size.

[topvest] 20/3/2014 20:01

Looking cheap again. Got in a tad too early as it looks destined for the 15s, but still hopeful 6-12m out that this is looking great value.

[tudes100] 20/3/2014 16:31

arrrrrgggggghhhhhhhhh