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ASH Ashley House Plc

1.20
0.00 (0.00%)
30 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ashley House Plc LSE:ASH London Ordinary Share GB00B1KKCZ55 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.20 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.20 GBX

Ashley House (ASH) Latest News

Real-Time news about Ashley House Plc (London Stock Exchange): 0 recent articles

Ashley House (ASH) Discussions and Chat

Ashley House Forums and Chat

Date Time Title Posts
10/12/202116:57Ashley House Exciting Developments792
18/8/201921:21The ashes 20109
17/7/201911:57Reported Death of Mr Ashley James145
21/11/201713:42Ashley House - Good Progress Assured1,467
14/6/201715:45Ashley House - a return to growth & profit in 2016!309

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Ashley House (ASH) Most Recent Trades

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Ashley House (ASH) Top Chat 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 11/12/2019 12:17 by 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.
Posted at 10/12/2019 10:52 by swiss paul
And further down the cliff we fall, but lets stop off to add another nose to the trough - erm wonder if he is bringing any money with him!!
Ashley House plc ("Ashley House" or the "Company") the health and housing property partner will today hold its Annual General Meeting ("AGM") and provides a trading update.

Resolutions 3 and 4 concerning the share authorities have been removed from the AGM agenda.

At the AGM Christopher Lyons, Chairman, will make the following statement:

On 14 November, Ashley House advised that following the sale of its interest in the extra care developer, Morgan Ashley, the Company was revising its strategy to focus on returning to its core strength of developing property schemes in the health & wellbeing sector and on driving opportunities in the affordable housing market.

Further work has been undertaken particularly in relation to affordable housing, with the Company actively exploring modular focused affordable housing with a number of housing providers.

Despite having completed a significant overhead reduction, Ashley House has retained a highly knowledgeable, experienced and dedicated team and the directors believe that this, together with the Company's 28 year record of delivering schemes from site finding to completion, will provide the Company with a solid platform from which to deliver this strategy.

Enhancing this team, the Company is delighted to announce the appointment of Paul Williamson as Ashley House's Head of Modular and Managing Director for F1 Modular Limited. Paul was previously Managing Director at Nu Build, the modular construction arm of Swan Housing for whom it provided affordable housing. Paul will join the business at the beginning of January 2020 and will be a key part of the Ashley House Senior Management Team.

The Company is currently exploring financing options to ensure it has the available resources to sustainably deliver these opportunities.

The board looks forward to making further announcements in due course.
Posted at 21/10/2019 08:01 by yump
dave4545

As you implied i think the share price was pricing in something dire as comments about cash problems usually get people thinking about losing their investment or having a drastic dilution. In effect ash have sold a big chunk of a pipeline that was causing them big problems for £6mln. (4mln from jv share). That seems much better than the alternatives, but a big come down from apparent previous prospects. I guess a case of waiting for deatails on cost base and what their pipeline prospects are now
Posted at 21/10/2019 07:44 by 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
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."
Ashley House share price data is direct from the London Stock Exchange