Ashley House Share Discussion Threads

[topvest] 12/12/2019 20:07

Modular buildings will never make sufficient profitability. Just look at the shocking results so far....lost cause!

[dave4545] 11/12/2019 14:23

Seller is def out mm's want 2.8p now 2.5-2.8p

[goliard] 11/12/2019 12:17

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.

[dave4545] 11/12/2019 12:13

Seller cleared, just under a million printed at 2.4p

[swiss paul] 11/12/2019 12:07

I thought that NEDS were supposed to be independent, by all means purchase shares but this does not sit well and is another red flag. Just wondering is this is turning into a lifestyles co, something like SYM

[dave4545] 11/12/2019 11:53

Seems I'm not the only one who agrees dibs. I think you have to overlook current events and look at the future. I doubt this guy will want to be diluted out of oblivion so I'm guessing things will certainly improve. I bet they if they do a funding it will not be at a discount either because this company never does placings/dilution, I cannot recall one in all the years without checking

[dibs61] 11/12/2019 11:45

Don’t forget though the MC might seem low (£1.5m) they are burning the cash they got from the MA sale and have debts matching the MC! Def NOT a buy even at this level. I would be bailing out if a holder

[dave4545] 11/12/2019 11:20

Like that appointment, it's what you want in a stock, a young guy with a huge stake in the company with good credentials. You know the horse is trying, still a overhang in the stock though, but took tiny amounts at 2.5p

[topvest] 10/12/2019 20:41

It looks like a "last chance saloon" statement to me.

[swiss paul] 10/12/2019 10:52

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.

[swiss paul] 30/10/2019 20:40

Peel Hunt LLP Position of previous notification (if applicable) 10.25% Resulting situation on the date on which threshold was crossed or reached 11.40% 5. Date on which the threshold was crossed or reachedvi: 25/10/2019 Someone has faith!

[jpuff] 30/10/2019 12:28

Ditto still holding out for a miracle recovery now!

[yump] 28/10/2019 10:33

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.

[yump] 25/10/2019 17:30

topvest To be fair you called this right with your doubts about the way in which that £4mln was dealt with. Not sure about the actual accounts, but they were quite opaque in making it tricky to see what the situation would have been without it. Sometimes you just have to have some faith especially with the apparent start of a tailwind, although tailwinds that are supposed to come from government or local government in any shape or form are quite likely to end up as headwinds from what I've seen in the past. Hopefully my much larger investment in SRT, despite overseas government (!!!) headwinds will more than compensate for ASH shortly. I say shortly meaning in the next year, which is not much having waited xx years.

[norbert colon] 24/10/2019 19:24

No it's not a confirmed order.

[topvest] 24/10/2019 19:01

Odds on to go bust / delist in my view. Too many red flags. It will be a shame as they have tried hard and ridden the various disasters quite well.

[rp19] 24/10/2019 19:00

Do you know if the Doncaster hotel project is a confirmed order? I was under the impression that it wasn't.

[topvest] 24/10/2019 18:58

The Modular construction business foray is likely to be their undoing in my view. They should buy the modular construction in the market, rather than dabbling at this sort of nonsense. I'd be amazed if it ever makes a profit. The market doesn't think it will!

[microscope] 24/10/2019 18:55

From the interims 'F1M is making good progress and the diversification of the business continues'. The Doncaster project, for example, should add real substance to their numbers going forward imho. That said, I think we will only have something worthwhile to make a full analysis when the results are published and we can get a clearer picture of what damage the MS situation has inflicted on the overall company - and until then I expect to stay on the sidelines because imho uncertainty is likely to continue. Thanks Norbert for your analysis, it's good to have someone who understands the sector. Someone else still describing F1M as a start up betrays a lack of understanding of the business imho! ;)

[topvest] 24/10/2019 18:55

I don't need any help with this one. If it looks like a dog, then it probably is. Its just a low margin contractor and I mean very low margin indeed! Its accounts don't even comply with the Companies Act.

[yump] 24/10/2019 18:38

F1 Modular is a startup. Some startups turn out to be dogs, some don't. Basic Venn diagram might help you.

[topvest] 24/10/2019 18:35

Look at the F1 Modular statutory accounts - lost £1.2m in 2018 and break-even the year before. Not difficult to see that its a dog!

[dave4545] 23/10/2019 15:55

Is that a market maker position via Peel Hunt ?