Ashley House Dividends - ASH

Ashley House Dividends - ASH

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Stock Name Stock Symbol Market Stock Type
Ashley House Plc ASH London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.20 00:00:00
Open Price Low Price High Price Close Price Previous Close
1.20
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Industry Sector
CONSTRUCTION & MATERIALS

Ashley House ASH Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
07/03/2011SpecialGBX130/04/201030/10/201016/03/201118/03/201115/04/20111
26/01/2010InterimGBX101/05/200931/10/200917/02/201019/02/201019/03/20101
07/08/2009FinalGBX430/04/200830/04/200919/08/200921/08/200926/08/20094
30/04/2008FinalGBX3.730/04/200730/04/200820/08/200822/08/200822/09/20086
04/12/2007InterimGBX2.301/05/200731/10/200712/12/200714/12/200714/01/20080
25/06/2007FinalGBX330/04/200630/04/200701/08/200703/08/200724/08/20075
04/12/2006InterimGBX201/05/200631/10/200601/01/197001/01/197001/01/19700
27/11/2006FinalGBX430/04/200530/04/200606/09/200608/09/200629/09/20064

Top Dividend Posts

Top Posts
Posted at 11/12/2020 20:02 by norbert colon
Yep a sad day for ASH.
Posted at 11/12/2020 08:11 by mr macgregor
ASH is to ashes.
Posted at 12/11/2020 12:56 by palwing32
Anyone know what's happening with ASH? My Halifax account shows a crazy rise, but no trading allowed.
Posted at 31/7/2020 11:00 by irenekent
Thanks for that swiss paul. Maybe there is hope yet. ASH have a lot of experience in their niche sector. Hopefully Piper can build on this so that we can live another day.
Posted at 27/2/2020 09:07 by optrade
ASH Ashley House looking at legal options to recover monies owed HTTP://ow.ly/KwZP50yxdxJ
Posted at 21/2/2020 12:51 by symbiote
ASH have managed to avoid dilutive cash calls historically, to their credit. They seem to have a healthy survival instinct too. Looking forward to hearing more and being persuaded to add to my (now) meagre holding. Hopefully they can build on their Health roots. Meanwhile lessons learnt.
Posted at 21/10/2019 07:32 by cockerhoop
Dave,

To be honest on initial reading I see it as awful news forced on them by cashflow issues. It was potentially the most profitable part of the business and I think MS have managed to secure a bargain.

I've always been concerned about the long term profitability of F1M and I imagine it will take time for the new Ashley business to pivot into new areas.

Extra Care has sadly stitched by government policy causing project delays. Looks as though MS rather than ASH will eventually benefit.

Market seems to disagree and are seeing the cash as a lifeline.

Posted at 14/8/2019 11:56 by norbert colon
In response to Persuader100's post:

I agree that the likes of Places for People are more progressive than other organisations and that's why ASH like working with them. Both Romsey (Hants) and the 2 x Leicester schemes are with Places for People yet these projects are still delayed in closing showing that despite the efforts of some parties, others such as the Council (in these cases Hants / Leicester) and/or the funder or lawyers hold the process up.

Like you have stated, I was hoping this would be unlocked by Morgan Sindell applying some muscle and/or using their network to help grease the wheels. Given recent newsflow, clearly there has not been any evidence of this.

The last 'legacy' ASH scheme was Scarborough and that's pretty much wrapped up now. All the schemes noted in recent RNS are Morgan Ashley schemes i'm afraid.

I agree there is demand for Extra Care schemes across the UK and ASH have decent pipeline and a good end market. The challenge is getting them closed in sufficient quantum to cover costs. F1 Modular is a big cost centre that the ASH business has only recently had to manage.

My concern is that I can't see any catalyst for schemes getting closed more quickly and unless F1 secures an ongoing decent volume of projects (whether Extra Care or private sector) this is going to continually weight down on them.

Getting contracts signed on the hotel project in Yorkshire will be very good news for F1 during FY19/20 but even that's been delayed and its private sector!

Awaiting news on their cash position and funding so for now I remain firmly out.

Posted at 13/8/2019 09:10 by persuader100
I have been watching this thread with interest. I used to work in Private Finance Initiative ( PFI ) sector on private sector bids for the NHS / Primary Care Trusts as they were then, Department for Education, Local Authorities. Most of these clients were completely opposed to the concept of PFI and they were obstructive to say the least. Their lawyers were all on uncapped fees which meant that they would just go on and on and on dragging out the process. Some schemes took 3 years to close. Ashley House's clients are organisations like One Housing Group, Places for People etc and certain acute residential care providers. These organisation are different in that they do actually want to deliver schemes. The delays are financial / legals may lie directly with these client organisations or possibly with the Local Authorities who frequently take out significant allocations within these Extra Care schemes for their own housing obligations. One critical aspect of these projects is getting clients on the hook early, that it become difficult to wiggle about and delay further down the line after ASH have already spent lots of money and resource on land purchases and design and developments cost etc. I suspect that the partnership with Morgan Ashley will tighten up that crucial area significantly. I also suspect that the 3 projects in question are likely pre-Morgan Ashley and are legacy projects from ASH. hence the issues. There are no doubt a significant amount of projects in the Financial Close pipeline coming through that are Morgan Ashley projects. It a bit like the 94 Bus. You have a delay and then, all bunched up, they arrive at the same time as Mogan Ashley projects catch up with the old ASH projects. if ASH can get through this difficult period, your patience could be handsomely rewarded. I'm sitting tight
Posted at 10/7/2019 12:18 by 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."

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