Ashley House Share Discussion Threads

[18bt] 17/4/2012 08:29

Jeff: that should remove an overhang.

[jeff h] 17/4/2012 08:10

GPG exits:-

[scburbs] 22/2/2012 10:20

This is the link to them. The RNS is just talking about the interim report, as Topvest said the results had already been released.

[topvest] 21/2/2012 19:04

They were announced on 31 Jan - see news above, awful results though they were!

[theophilus] 21/2/2012 17:50

Has anyone had any "Luck" finding these results?

I haven't found them yet!

Th

[theophilus] 21/2/2012 07:35

Announcement today says results available on website.

Not posted there yet. Possibly waiting for market to open.

Seems a bit strange

Th

[topvest] 31/1/2012 09:24

Regrettably I have sold - why? because I don't trust the management team here. Is it in their interests to run the company into the ground and buy for a knock-down price?

Basically, they have disappointed and failed on numerous counts over an extended time period. Who can trust this lot to build shareholder value?

No chance of a dividend this year in my book. Indeed, it looks like they will struggle to build out their order book unless the bank plays ball. One gets the feeling that this is only going one way....down!!

See that Edison have sent out another wildly optimistic summary of 1.8p EPS and about £30m current year revenue - no dividend though. I will believe it when I see it!

[adam] 31/1/2012 08:15

looks like a kitchen sink job. everything they could write off they have.

[goliard] 31/1/2012 07:50

I think what galls me about management here is that whilst they have finally written down the LIFT investments, it almost seems like a petulant response to shareholders who told them they wouldn't get their MBO away. It feels like they are saying "well here is the real value and it's not so great". The same investments should have been written down well before this and I can just imagine Invesco telling them to get lost with the MBO as the NAV was higher than their offer and the board had signed off the NAV, so now the company has to write the investments down to zero as that is probably what they have been telling large shareholders they were worth!

[topvest] 31/1/2012 07:39

Yes, truly awful results. Not really any signs of tangible improvement or anything much to look forward to. Even some risk they won't get their bank facility renewed and run out of cash. Dismal! They've even written-off the goodwill on recent deals; what a bunch of incompetents!

[goliard] 31/1/2012 07:18

About time they wrote down the LIFT investments to zero. Pretty terrible interims, but at least the assets are a little more real. I believe they may still have some land that has the value overstated, but it's a bit more real. Noticeable that they have stopped saying that schemes are going to start soon, or are slightly delayed and they seem to accept that they are just not going to happen.

Big question. How on earth can the senior management justify salaries in the hundreds of thousands for this company? No employee here should earn more than £150,000 in salary and benefits.

I still see no reason to buy.

[goliard] 26/1/2012 17:58

Thanks for the clarification.

[adam] 26/1/2012 16:58

I am not close to them. I was at the AGM though.

[goliard] 26/1/2012 16:49

Adam, what is your involvement? I think what you say is correct and you are clearly close to the company.

[adam] 26/1/2012 16:08

The "short term corporate action" was in fact an intended MBO. They were turned down though from what I can gather by the larger shareholders. It was too cheap.

Trading at the moment can not be expected to be good given the NHS reforms are not yet complete. I am concerned though that there has been no further news on Bracknell.

[goliard] 26/1/2012 08:52

Looks like some selling ahead of results. I will be interested to see if the company is actually making money or whether everything is still about a 'promising future'. Also keen to see what happened to the promised short term corporate action.

[adam] 25/1/2012 12:25

Results to be released on 31st Jan.

[topvest] 25/1/2012 10:37

I thought that had gone away. Best route to maximise shareholder value imo is to hunker down and preserve value until their markets pick up. There is some underlying value here, if they and us can play a medium term game. I agree that management hasn't been too clever over the last few years - disappointment after disappointment. Could be the interim results anytime soon, so we will find out soon enough.

[goliard] 25/1/2012 09:37

Back in July these guys said they were looking to do something to maximise shareholder value in 'the short term'. Deathly quiet since then. Don't rate the management here at all, but they need to do something or they will be warning again on profits soon.

[greedfear] 30/12/2011 17:12

Happy New Year fellow shareholders!

[greedfear] 23/12/2011 17:14

Merry Christmas fellow shareholders!

[adam] 23/11/2011 11:00

"The directors feel that the Bill reinforces the Government's commitment to ensuring that primary care is delivered from modern purpose built accommodation that is fit for purpose and environmentally efficient," PHP said last week. "The board expects the creation of Clinical Commissioning Groups to facilitate further care moving into local services and sees development activity increasing as the new NHS management structures are bedded in through 2012."

[scburbs] 15/11/2011 07:43

From PHP IMS.

"We anticipate a conclusion to the Health and Social Care Bill in early 2012 which will pave the way for an increase in the number of approvals for new medical centres across England."

[scburbs] 24/10/2011 15:46

Some "Independent" evidence to support the delays.

"More than 100 new surgeries and health centres around the UK have been put on ice because of delays to the Health and Social Care Bill.

Potential projects running into hundreds of millions of pounds are being held up because primary care trusts, the bodies in charge of GPs' surgeries, have to wait until the new Bill becomes law which is now not expected until next year.

...

It can take up to three years to plan and build such projects and property experts are warning that this time delay will lead to a long delivery lag. All primary care trusts have received letters from the Department of Health to not sign any new contracts until the bill passes.

The Health Secretary, Andrew Lansley, who first proposed the bill in July in a white paper, has met resistance from a multitude of sources within the healthcare sector. However, the bill is likely to get Royal Ascent next February."