Ashley House Share Discussion Threads

[scburbs] 18/3/2011 08:57

It must be nice to have so much money that he can do such bizarre things! 2014 options are for exercising in 2014 unless they are massively in the money and you want to sell the shares which patently isn't the case here.

[topvest] 18/3/2011 08:07

Yes, good point - at least it's a confident sign. I think Ashley House are a bargain down here. He obviously thinks the same!

[scburbs] 17/3/2011 17:50

Very odd to see the Chief Executive exercising 30p options. As far as I can tell [P46 Annual Report] these options expire in 2014 so it seems odd to be exercising them now, both from a cash perspective and the fact that the share price is below 30p!

"Ashley House announces that Jonathan Holmes, Chief Executive, has exercised 330,000 options in the Company at 30 pence per ordinary share. Pursuant to the exercise of these options the Company has issued and allotted 330,000 new ordinary shares taking the revised number of shares in issue to 58,319,755."

[jeff h] 16/3/2011 08:13

Work on developments seemingly still proceeding:-

[topvest] 08/3/2011 09:57

Well at least there is a 1p dividend. The £5.7m cash was badly needed so probably quite sensible not to pay it all out again! Lets hope they can get down to some business as normal.

[corrientes] 17/2/2011 20:31

His seemingly intimate knowledge of jewish things makes me think he was one himself.

[topvest] 15/2/2011 21:52

Yes, good news. Ashley House have weathered the storm well, all things considered. They now look a much better bet. Conditions will continue to be slow, but with a strong pipeline, close out of the AHMP position, a stronger partner with Assura and some interesting prospects in the LIFT market they look well placed to get back to profits and growth.

[jeff h] 15/2/2011 16:36

AHMP shareholders approve Ashley House arrangements:-



Presumably then cash should shortly start rolling into ASH and we should get our delayed dividend?

[malc999] 14/2/2011 16:39

A little tree shake from the market makers today (price drop on no volume and no news) - a positive sign I think as it indicates that the MM's want to get their hands on some stock.

[pwmiles] 13/2/2011 17:16

He was somewhat anti-Jewish. "Bottom-feeders" is a phrase I recall. Still, I'd like to keep the photo at the top of the thread. The old slash-td trick. Ashley in combat mode.


Ashley James where are you now?

Patrick.

http://img268.imageshack.us/img268/8228/dscf0007r.jpg

Header replaced by PWM.

[topvest] 03/2/2011 21:53

Thanks - interesting!

[kimboy2] 03/2/2011 21:39

You will need to register but it is free.

[topvest] 03/2/2011 21:32

Can you post? Looking good today - may have bottomed!

[kimboy2] 03/2/2011 14:35

New note out from Edison.

[topvest] 29/1/2011 15:22

These two paragraphs in the Assura prospectus are very positive indeed in my opinion and demonstrate that Assura intend to work with Ashley House to develop their pipeline:

"The Board also considers that, through the Acquisition and ongoing relationships with Ashley House arising from its history as asset manager of and design and build main contractor for AHMP, Assura will benefit from an increased access to development opportunities in the primary healthcare property sector.

The Board believes there are substantial acquisition and development opportunities available within the medical property segment beyond those in Assura's existing pipeline and the three development projects to be acquired from Ashley House. Accordingly, the Board proposes to raise £22.7 million (net of expenses) through the Placing and Open Offer to take advantage of these opportunities as well as to fund the cash payable to AHMP Shareholders who make valid elections under the Cash Alternative up to a maximum aggregate amount of £10.5 million."

[topvest] 26/1/2011 18:09

Yes, very good news today that the directors see value.

[scburbs] 26/1/2011 10:56

Always good to see the Directors buying a few after a results release.

[scburbs] 25/1/2011 07:58

Lots of talk of long term prospects, not too much positive news though. Best bits are confirmation on dividend and short term profitability. No commentary on cost cutting which is very poor given they have just lost the AHMP management contract income. Too cheap to sell too many uncertainities to buy IMV.

"Along with accrued income the Board has reviewed the Company's pipeline of projects. The pipeline has always represented the design and build value of schemes the Company is currently working on and where the Company expects to recognise revenue in the next 2 years. In line with the reduction in accrued income this has been reduced to £174m from £264m. About half of this reduction is attributable to a downsizing of projects, and about half to timing as projects are pushed backwards. This core pipeline gives the business good visibility on a sustainable and profitable short term outlook."

"Despite the climate of change in the NHS, the Company is delighted that it has completed 7 schemes since the end of April 2010 and currently has 8 schemes in the construction phase with a design and build value of £29m. In addition the Company has a strong pipeline of schemes that are due on site in the coming months."

"It has always been the intention of the Board to maintain a progressive dividend policy and, at present, it still intends to pay a special interim dividend as indicated in our statement of 27 September 2010. Once the Assura deal has completed and the implications of the Health Bill are clearer, the Board will update shareholders as to quantum and timing."

[topvest] 25/1/2011 07:58

Yes, but that was on the cards anyway. Now they have been close to the edge it's going to be a case of playing a bit safer on the dividend front. Interims were better than expected in my opinion. Clearly they are operating in a difficult market, but the Assura deal gives them some flexibility to restructure their operations and finances. It will take a while, but I think they are over the worst.

[jeff h] 20/1/2011 21:17

3% stake changed hands today - Guinness Peat adding perhaps?

[topvest] 20/1/2011 16:42

Yes, with a 50% discount to net asset value and the prospect of moving their enormous pipeline of projects through, it's looking more encouraging. Not that the share price has responded. I would buy some more, but have enough already!

[jeff h] 20/1/2011 12:43

Agree with you there topvest so I just bought 50k.

Must be a very good chance of the 3p dividend being re-instated?

The IC normally have a Buy rec on this stock, so I'd expect some favourable comment from them as well.

[topvest] 20/1/2011 07:25

It should have given more of a boost to the Ashley House share price yesterday than it did in my opinion. They are looking seriously undervalued with better medium term prospects.