Ashley House Share Discussion Threads

[topvest] 15/9/2016 21:30

Looks positive to me. On the face of it this should unlock the pipeline. Anyone attend the very poorly timed AGM?

Do we have a GREEN light at last to unlock the portfolio value?

[qackers] 15/9/2016 12:55

Well spotted. Have a thumbs up.
Thought there may have been an update today before the AGM.

[first_things] 15/9/2016 12:53

If you match up this news with what was said by the board of directors at Ashley House things could start to look interesting:


"The resolution of the cap, or the agreement of capital based models that we are currently exploring, is expected to unlock our Extra Care pipeline and enable the business to grow significantly."

"Once the LHA rent cap issue is resolved, as the industry expects, the improvements in living standards, health outcomes and contribution to solving the housing crisis that our Extra Care developments provide should enable that area of the business to grow rapidly. This, coupled with an increasing Health and Community development business, means we look forward to the future with increasing confidence."

[first_things] 15/9/2016 12:49

Damian Green, the work and pensions secretary has provided clarity on the Government policy on elderly care:

* Supported Housing to be exempt from LHA cap until 2019/20, at which point new funding model will be introduced

"In recognition of the need to manage the transition to a new funding regime carefully, we will ring-fence the top-up fund to ensure it continues to support vulnerable people. The amount of top-up funding will be set on the basis of current projections of future need. This will also help to provide certainty for providers that reductions in funding via the benefits system can be met elsewhere as well as to give greater assurance to developers of new supported housing supply."

[first_things] 15/9/2016 12:26

NEWS JUST OUT!

[oregano] 14/9/2016 11:11

I am thinking of going. Anything you would like to know?

[tevita] 14/9/2016 08:53

21trader using yet another name to PUMP and DUMP hatey and tradermick on LSE

[norbert colon] 10/9/2016 19:59

AGM next week is anyone on here attending or has attended on previous years?

[hatey] 09/9/2016 14:46

About time it turned.

7-8p showing but bidding miles over that, online is 7.44-7.75p

[knicol46] 09/9/2016 13:07

large buys coming in share price +12% current

[knicol46] 09/9/2016 11:58

trade above offer earlier back to 8p+

[knicol46] 09/9/2016 11:46

2 x £50k buys (over £7000 worth) sitting on full offer to buy

[cockerhoop] 07/9/2016 12:45

Yes, ASH appears to be inviting tenders for construction of the Durham Diagnostic centre that gained planning permission in Apr 16.

[knicol46] 07/9/2016 09:31

£4.5m contract

[topvest] 01/9/2016 20:44

Hmm think its about 20% - extortionate!

[norbert colon] 31/8/2016 22:23

TopvestThanks. I have to confess I can't reconcile the interest payable of £491k against their level of borrowing as Lloyds are charging 4.5-6.5% for their term loan and overdraft. There appears to be no disclosure of the interest payable on the Novus/Rockpool facility in the Annual Report?

[topvest] 31/8/2016 20:46

Given the interest rate they are earning, which is extortionate, I suspect it will get extended. Not that worried by that short term, but medium term they need to get the share price up and find a lower cost form of finance as they build out the order book. Key issue is the cap resolution to unlock their portfolio.

[norbert colon] 30/8/2016 21:08

Can anyone on here shed any light on Novus / Rockpool £1.3m facility which is repayable in around 3 months time on 23rd Nov?

[18bt] 11/8/2016 09:42

They really do need to RNS some of these to get the share price moving

[topvest] 10/8/2016 21:07

Thanks - another interesting project to add to their medium term prospects. Given it's 200 units I would suggest that this is a circa. £20m+ scheme, so should generate some good margin at some point.

[qackers] 10/8/2016 19:36

Bristol City Council awards new Retirement Living contract to
Brunelcare-Ashley House Consortium

Brunelcare - Ashley House consortium are delighted to announce that they
have been awarded a contract by Bristol City Council to provide a care facility
at the New Fosseway Road site in Hengrove, Bristol. The multi-million pound
facility will form part of the Council’s Retirement Living programme, which
started in 2013 and aims to deliver around 1,000 additional extra care housing
units across the city.

full release below
dated 9th August 2016.

[paleje] 19/7/2016 10:09

Agree but not any time soon with current housebroker note for 15p.

[casablanca4] 15/7/2016 16:19

Going back to 20p at least.

[first_things] 15/7/2016 13:45

Adjusted PBT of £1,160,000.

Looks very undervalued!