Ashley House Share Discussion Threads

[norbert colon] 06/10/2015 21:22

AGM is 12 midday on Friday 30 October at their London HQ. A useful opportunity to discuss the business and any burning issues with the Board.

[topvest] 06/10/2015 21:08

It's a bit of a mess, but the prospects are still reasonably good. They need to crack on with their schemes and generate some cash. Still a rags or riches share here. An equity issuance would dilute returns, so lets hope they can pull through without one.

[first_things] 06/10/2015 17:13

"Ashley House Plc (LON:ASH)‘s stock had its “buy” rating reaffirmed by research analysts at WH Ireland in a research note issued on Tuesday"

[huckle9] 06/10/2015 13:31

Pipeline of 19 schemes, on site (2) or appointed (17) with GBP149m of revenue anticipated to be recognised
Ø Health market continuing to evolve
o Pipeline of 13 schemes, on site (2) or appointed (11) with GBP32m of revenue anticipated to be recognised

181m revenue against 6m MCAP. It`s inviting and undervalued - under the radar here.

[goliard] 06/10/2015 12:53

This is s total mess. Now they are borrowing money from an NED, but shareholders don't get told what the terms are. What are they hiding? An extortionate interest rate?

[first_things] 30/9/2015 14:39

Thanks for the link pinkcopernicus.

It looks like the Merchant Bank Salamanca Group is behind the fund:
hxxp://salamanca-group.com/

"Salamanca has established a company, Funding Affordable Homes Limited (FAH), and is working on registering as a housing association with the Homes and Communities Agency so it could directly own some of the properties.

It plans to enter into long-term agreements with associations to fund the building of new affordable housing of all types."

[pinkcopernicus] 30/9/2015 13:58

something about our partner
hxxp://www.insidehousing.co.uk/global-investors-lined-up-for-housing-fund/7008730.article

[scburbs] 30/9/2015 10:16

Oregano, The reference to forward funding implies that FAH is acquiring the completed extra care developments as this is what forward funding is (i.e. the ultimate purchaser forward funding the acquisition during the development phase).

[first_things] 30/9/2015 10:00

This is transformational news and a much better funding structure that has been talked about in the past:

"Schemes will be forward funded by FAH during construction and through to completion, allowing Ashley House to develop its business without the need to grow external debt."

[goliard] 30/9/2015 09:28

Question is, "pipeline or pipe dream?"

History tells us it is the latter with lots of delays and excuses.

[topvest] 30/9/2015 09:20

Yes, looks that way. Not sure why the share price drops on this news. It looks like they can finally start these schemes.

[oregano] 30/9/2015 09:06

scburbs - i think this is the equity funding to get the pipeline moving, then M&G buys the finished article with the debt fund.

[scburbs] 30/9/2015 09:00

Interesting deal, but not the one they have been working on!

Is it a done deal or another delay? Hopefully more details with results.

[pinkcopernicus] 30/9/2015 08:55

Crazy AIM! But fun, for those who have done their research. I am not selling, that's for sure.

[oregano] 30/9/2015 08:22

who knows what this share will do but this sounds like the last piece in the jigsaw to execute on the pipeline, which has risen from £133m to £149m. If they make 5% margins on the pipe they make more than the current market cap, so I am happy to hold on for more.

[topvest] 30/9/2015 07:43

Yes, that's great news. They can now hopefully get on with building out their pipeline.

[h2owater] 30/9/2015 07:42

The Board's focus continues to be on long term financing for this pipeline, securing this will transform the Company's outlook.http://www.investegate.co.uk/ashley-house-plc--ash-/rns/trading-update-and-directorate-change/201505010700189474L/

[h2owater] 30/9/2015 07:35

From LSE:Today 07:25 Price: 12.13knicol46 5,166 posts£149m revenue valueAnd less than 60m shares in issue + current assets = £2.40 per shareOff Topic No Opinion

[18bt] 30/9/2015 07:30

The good news before the bad news, but well done BOD for keeping it going and more hopeful now of the turnaround

[pinkcopernicus] 29/9/2015 19:45

Certainly not a boring share to be in. However, the market should recognise value here, once things progress, which should not be too far away at this point?

[topvest] 28/9/2015 19:50

Starting to look like some further good news is on the way. Certainly hope so. This has been a bit of a dog so far!

[h2owater] 28/9/2015 15:53

News tomorrow or Wednesday!

[ileeman] 28/9/2015 12:22

Breakout next stop 14.75p


free stock charts from uk.advfn.com

[h2owater] 28/9/2015 11:34

Ashley House appointed as partner for North Yorkshire County Council to enable extra care expansionDESIGN+BUILDHealth and social care developer, Ashley House, has been appointed as a framework partner by North Yorkshire County Council following a competitive tender process.Ashley House will work in partnership with stakeholders on this multi-million pound initiative to bring extra care accommodation to every major town in North Yorkshire.The county council will commission partners from the Extra Care Housing Framework to design, fund, build, manage and operate the schemes.Antony Walters, Ashley House's chief executive, said: "Final contracts are expected to be in place by the end of September, at which time the county council will start to use the framework to seek new extra care opportunities."We are delighted to be a partner on the framework to provide such important facilities for some of the most vulnerable in society."Councillor Clare Wood, the council's executive member for health and adult services, added: "We want to put extra care at the heart of our communities for the current and future generations."With the Extra Care Housing Framework in place, we are able to push forward with this ambition."By 2020, we will have seen the provision of well-designed and well-supported apartments and bungalows right across North Yorkshire, making it possible for people to have the care and support they need in places where they want to live."Sign up for your free email newsletterExtra care allows people to live in their own homes, but with care and support, according to need, accessible seven days a week, 24 hours a day. The homes also provide communal facilities such as a lounge, restaurant, hair and beauty room, guest suite and assisted bathing room. Extra Care schemes may also incorporate facilities such as a GP surgery, library, a short break respite service and accommodation for people living with dementia or other complex needs.

[topvest] 25/9/2015 14:56

Results probably next week then. They are bound to be ugly, but its all about the future.