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ASH Ashley House Plc

1.20
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Ashley House Investors - ASH

Ashley House Investors - ASH

Share Name Share Symbol Market Stock Type
Ashley House Plc ASH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.20 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.20
more quote information »

Top Investor Posts

Top Posts
Posted at 11/12/2020 08:00 by irenekent
Dead in the water I am afraid. They tried really hard but failed at the end. If any lesson is to be learned it is that if a company wants to be good and successful it all relies on the second attribute. ESG investors be aware.
Posted at 05/7/2019 08:24 by dave4545
Probably a delayed buy or 2 to show. The market makers did not arf jump back quickly on on trade, they would have least sat there to see if they could flush anybody out.

Not be surprised now if it actually went blue, traders are long gone from the stock.

I'm not the longest term investor but will stubbornly hold a stock if I feel the price is wrong.
Posted at 25/6/2019 11:56 by 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'
Posted at 21/6/2019 15:33 by nextlink
Is there a big sell order.
Or is the mm just dropping the bid, knowing
loads of dopey private investors have stop losses
in place.
I say that because the trades we are seeing are fairly
small parcels.
Posted at 05/2/2019 12:42 by yump
Thanks for your posts guys, its good to have some ideas of when/where revenue flows, although I suppose in the end, the forecasts are the best guide unless can get some more information from ASH themselves.

At least the forecasts can halve and ASH will still be cheap.

I think a bit more clarity on the flows of fees and revenues might help with new investors - shouldn't have to be digging this much really.
Posted at 01/2/2019 22:55 by yump
and you're just going back over the past again - I don't see the point.

£20mln revenue has always produced a mixture of profits and losses. Now it looks as if ASH will have the equivalent of £30mln from the JV and a bit more from modular. That's what investors are here for I presume and they were here for that before the one-off payment from MS, probably because at this level, they only need to do a couple of pence in earnings for it to be on a p/e of 5.

I admit they could have been a bit clearer about the accounting of the MS payment for shareholders (probably not for accounting purposes unless for some reason you just don't trust them), but you could easily argue that it counted as a proper sale, because it was selling half their pipeline.

Without that one-off, we don't know what the results would have been.

It might in fact have been better to post 1p earnings and then 2p this year.

Then it would look like the genuine beginning of something special with a 100% increase !!

So a rational view of the business is difficult if people get hung up on 3p down to 2p. The good thing is, its not on a forward racy multiple and that's an understatement. Perhaps it would have been if it had gone 1p-2p, or even 0.5p-2p. That always gets the sentiment going.
Posted at 31/1/2019 08:25 by yump
Lets hope that the flow of schemes closing becomes a bit more regular over the next year or so. If enough are in motion, then the lumpiness should reduce.

Investors have to manage their own expectations a bit I guess ! There never has been a quick route to any scheme anywhere when it comes to housing. "Not as slow as it has been" is probably the most positive thing that can be said, which is relatively good compared to the doldrums of the last few years.
Posted at 31/1/2019 08:12 by yump
In case anyone doesn't know, last year's results were flattered by the payment from Morgan Sindall for the joint venture share (basically paying for 50% of ASH's pipeline).

The odd thing is that if ASH deliver say 2p of earnings, they're still very cheap and at 1p of earnings, they're now just above a p/e of 10, with a load of pipeline schemes.

Just goes to show how managing expectations is often as important as the actual results, although ASH haven't really promised anything previously and the broker's forecast is likely to have been as much finger in the air as any investors.

So still waiting for an actual speeding up of scheme closures.
Posted at 17/1/2019 12:57 by norbert colon
Yes there is also some project news awaiting such as financial close on at least one scheme and news of the hotel project in Yorkshire so perhaps investors may hear something on this before, or as part of, the upcoming interims.
Posted at 23/10/2018 20:38 by yump
I think if anyone was going to go to cash, now is too late. When the Dow flew up after Trump's victory was a good time to sell a pile of shares, then wait.

With the markets as they are, it appears holders here are holding, probably because there are still investors (so I'm told) who are looking for growth over several years !

For them the only trend to watch out for is when ratings catch up with growth and shares don't hit new highs each year. Although selling out of them is risky - some spend a long time going sideways.

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