Ashley House Share Discussion Threads

[knicol46] 19/9/2016 09:19

can only buy above offer current - tick up expected

[knicol46] 19/9/2016 08:54

code 1 appeared earlier at full offer, even though you could buy less, interesting movement regardless news expected

[knicol46] 19/9/2016 08:53

I already hold enough - currently cant buy unless over offer

[hatey] 19/9/2016 08:52

Buy more at 8.5p then ?

[runwaypaul] 19/9/2016 08:47

being quoted 8.85 to buy atm

[knicol46] 19/9/2016 08:42

I want the price to go up!! I'm in the 12p+ price bracket lol

[knicol46] 19/9/2016 08:42

cant buy currently, bid support gaining

[runwaypaul] 19/9/2016 08:38

oi oi! whats going on here then? gla

[hatey] 19/9/2016 08:34

Back for your £50 knicol :-))

Try holding for real gains.

[knicol46] 19/9/2016 08:34

code 1 appeared at full offer even though you can buy for less, interesting movement

[knicol46] 19/9/2016 08:25

code 1 appeared, full offer, even though you can buy for less, interesting movements

[knicol46] 19/9/2016 08:07

last traded +9.5% and only 0805

[my retirement fund] 19/9/2016 08:04

Moving upwards, perhaps a yearly break of 12p on the cards - the risk/reward here looks increasingly tasty imo.

[topvest] 18/9/2016 20:42

Yes, about time we got some better news here. It's been a very long and patient wait. If the portfolio is unlocked then these are seriously undervalued. I guess that they have disappointed for so long that investors are being cautious, as is the company by not making an RNS.

[norbert colon] 18/9/2016 20:27

Some press coverage:https://www.theguardian.com/society/2016/sep/15/housing-benefit-cap-exemptions-hostels-supported-housing-uk-government

[norbert colon] 18/9/2016 17:12

Good find and thanks for posting. It will be excellent news for investors if indeed the latest news from Govt unlocks the current schemes which are on hold.

[first_things] 18/9/2016 08:34

Just noticed that work has started on a £10 million supported housing scheme following following the recent change in government policy. The announcement was made by Knightstone Housing Group on Friday 16th September. I believe this is an indication that Ashley House Plc will now be able to unlock their pipeline that stands at £180 million.

The recent news hasn't been factored into the share price and we could see some very large upward movements. The broker forecast for this year (April 2017) is 2.6 p EPS so if the market gives this a PE of 10 this would imply a value of 26 p which is considerably higher than today's valuation!


"The development was put on hold in 2015 after its public consultation following a government announcement that housing benefit for housing association rents would be capped at the level of the Local Housing Allowance (LAH) to include specialist services like supported housing and extra care schemes."

hxxp://www.somersetcountygazette.co.uk/news/14744498.New_homes_for_supported_living_coming_to_Taunton/

[norbert colon] 16/9/2016 21:39

Need to await a RNS from mgt to clarify the news from Govt this week - hopefully this will come over the next week or two.

[topvest] 16/9/2016 18:58

Thanks - good summary. I'm surprised that we haven't seen any share price movement this week.

[paleje] 16/9/2016 15:05

Good summary Norbert thanks, the Q&A with management too, and well spotted by First_things.

[first_things] 16/9/2016 15:01

Hi Norbert,

I noticed you have the Net debt of £2 million as a negative so perhaps you should include the land at Scarborough which is owned 100% by Ashley House as a positive to balance this out which is given a fair value of £2.4 million in the accounts and should be turned into cash at some point in the future.


Taken from the account report:

"AH Scarborough Health Park Limited 3.7 acre site, held in work in progress at a fair value of £2,476,000"

[first_things] 16/9/2016 11:51

Norbert Colon thank you for sharing a very well written article.

[hatey] 16/9/2016 11:31

The deferred news then is good ?

How can it not be good ?

[norbert colon] 16/9/2016 11:18

AGM notes and my personal thoughts on Ashley House here:

hxxp://www.stockopedia.com/content/ashley-house-plc-ash-a-shareholder-friendly-recovery-situation-150650/

Feedback welcome.