Ashley House Dividends - ASH

Ashley House Dividends - ASH

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ashley House Plc ASH London Ordinary Share GB00B1KKCZ55 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.20 01:00:00
Close Price Low Price High Price Open Price Previous Close
1.20 1.20
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Industry Sector

Ashley House ASH Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

goliard: This new young board member is stuck. He has made a poor investment decision in ASH over the years and obviously thought the share price would be higher. He is now stuck with a stake too large to sell in the market. Sometimes big shareholders demand a board seat when they get frustrated, but end up even more stuck as he will now be an insider. I bet he wishes he had never heard of ASH and funnily enough I imagine all shareholders feel the same way. Funny to see yet another jam tomorrow scheme being proposed here with modular buildings. I imagine they are due to release another RNS soon about more delays on projects as that is the only consistent thing here.
yump: At this level I imagine the market cap is going to be a fraction of revenue, rather than a multiple. Problem is likely to be the level of admin. costs and losses in relation to existing schemes that remain within ASH. The forward pipeline of F1 Modular on its own is over £10mln, but I'm not sure I trust management to sort out the problems they've got. Mainly because all the positive noises and prospects were not expressed that long ago and then suddenly there's a crisis. Either that is the BOD deluding themselves and not in touch with reality, or they've really mis-managed the risks. The share price is something else. Looks like pi's have 'rescued' their money at whatever price they can get. I've just left mine in - its been there for donkey's years anyway doing nothing.
dave4545: Not sure, I mean since the deal especially the last 12 months the price has went lower and lower. If all the time there's problems and it affects the share price then maybe for the best if they did break up the partnership. They get a load of cash so no placing worries now and they can move on and go back to what they were doing before. The price has been smashed up because of all this so the market sees the news as relief hence the bounce. I tried to buy for a while but go no quote at 4.8p
microscope: Fingers crossed for you Dibbs. They don't do placings but have used loans from 'friendly' sources instead. The recent resignation was to do with 'good practice' in that area. Those with longer memories will remember Mrs Moy's loans, of course with the sad passing of her husband I guess that situation is not so comfortable. The issue for me is that although very obviously the cheaper you buy the shares for the more you get, the risk of default remains the same until these contracts are signed. As others have said I would have expected MS to step in if they were really about to succumb. I agree that if they make it through the next few months unscathed though that market cap this low cannot possibly last. The market is pricing it to go bust, and if/when that threat is withdrawn the share price should recover strongly. It's just whether to take the risk of losing 100% for potentially excellent returns next year. i'm sure we're all thinking similarly! Yump in fairness the thread was written just after the government withdrew the Cap threat and the pipeline was 'released'. These were exciting developments and then of course came the MS sign-up which gave further strength to the argument. I don't think it's atall fair therefore to have a pop at the thread header that was written on the back of the government change, years ago now. Hindsight is a wonderful thing, but I would argue the thread was fully justified at the time and the market seemed to agree!
yump: Or perhaps the share price got too optimistic, given that they hadn't actually posted any profits when it was 10p+ !
someuwin: WHIreland 08 July 2019 "Ashley House (ASH) – Corporate – Trading update Market Cap £4.9m Share Price 8.25p Ashley House provides property services, including modular construction capabilities, to the health, community care, housing and educational sectors, among these through its JV with Morgan Sindall (Morgan Ashley). This morning’s update from the group highlights that due to delays in the final legal processes the three schemes highlighted in the update last week did not complete and are now expected to reach financial close in FY 2020E. As a result, Ashely House points to the fact that, whilst it is likely to be profitable in H2 2019E, a loss for the FY 2019E year is expected to be reported, with the profit from the schemes expected to be delivered in FY 2020E. Following this morning’s update, we lower our FY 2019E PBT estimate by £0.6m to a pre-tax loss of £1.6m, whilst we leave our FY 2020E PBT expectation unchanged at £1.5m (WHI est. FY 2019E PBT -£1.6m/EPS -2.8p, FY 2020E PBT £1.5m/EPS 2.5p). Although there remains clear pent up demand in the market for the types of schemes undertaken by Ashley House, as this morning’s update illustrates, the process of achieving financial close in a timely manner is not without challenge. Based on our FY 2020E expectations, the shares are trading on a PER of just 3.4x, which should have scope to expand in time if forecasts are achieved and clear progress demonstrated."
microscope: This is precisely a comment i made some time ago, (will try to dig out if i get time, think it was on here) about the main perceived 'risk' being lumpy profits, because of timing. The results will look bad if no closures this week, but then we might have three next week and as has been said a spectacular start to the next financial year. The market will always see the bleak side though of course, and when the results eventually appear and are picked apart it will be easy to be negative, but we are possibly taking days. With less than a week to go it seems they are still hopeful that something might close this week, it's that close. Long term investors should have no problem seeing the wood and the trees imho! Meantime there clearly has been an overhang, judging by trading data in recent days anyway, which is probably also weighing on the share price. Hopefully yesterday took care of a lot of it and we will get an RNS accordingly. i made it over 3% of the shares traded yesterday. Here's the post I was thinking of. Looks like the company is almost in that precise situation! . 'microscope22 Aug '18 - 20:12 - 466 of 655 Edit 0 2 0 The business will always be subject to timing issues re-closure of schemes, on annual numbers. Always has been, always will be. The numbers are merely a snapshot on a particular date. If a scheme closes the day after year end, in the grand scheme of running the business, it actually matters not a jot. Simply means the following 12 months are off to a flier. All imho'
scburbs: Completely agree. Bizarre that the share price trades below the level it was at before the Morgan Sindall JV was announced when the risk reward profile was completely different.
microscope: Good to see some interest again I think the share price became becalmed because people were worried the recent seller could still be creating an overhang. if they don't resurface in the next few days it would be a very positive sign I think, though some newsflow would also help!
dave4545: Yeah I saw that news and got some stock I think it was 6.1p, banked the free ride and then sold some more but vowed to always hold a small amount until or unless the company did something wrong. So far they have not done anything wrong. Results hopefully will surprise. Have to in this market. Anything poor or dull seems to get a bad reaction share price wise.
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