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ASH Ashley House Plc

1.20
0.00 (0.00%)
18 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.20 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ashley House Share Discussion Threads

Showing 2051 to 2074 of 2925 messages
Chat Pages: Latest  93  92  91  90  89  88  87  86  85  84  83  82  Older
DateSubjectAuthorDiscuss
31/10/2017
14:31
“Fantastic news announced today (October 31) regarding the detail behind the new funding models for supported housing. This gives us the certainty we need to get on and build more homes."

Today’s announcement means that we are confident that, despite the two-year delay, new schemes can finally be taken forward with more certainty, meaning vulnerable people will be able to access much-needed services more quickly. The removal of the LHA cap has already allowed us to rubber-stamp a £50m investment in three new supported services.

hxxps://www.homegroup.org.uk/Media/News/Home-Group-news/Home-Groups-response-to-todays-statement-on-funding-models-for-supported-housing

first_things
31/10/2017
14:28
David Orr, Chief Executive at the National Housing Federation says: “Today’s announcement, and the removal of the LHA cap, represent a very welcome and significant shift from the Government and show they recognise the value and importance of supported and sheltered housing.

“I am confident the new system outlined by the Government today addresses concerns about the long-term stability of funding for most schemes. This, coupled with assurances about levels of funding and a new timetable of 2020, will give housing associations the certainty they need to keep providing and building these homes."

first_things
31/10/2017
14:24
Looks excellent news and only a matter of time before the shares are re-rated by the market.

"As part of the government plans, a proposed ‘sheltered rent’ for sheltered and extra care housing will keep rent and service charge at an appropriate level, protecting the housing needs of older and vulnerable people.

Supported housing provides a home to some of the most vulnerable people in this country and the vast majority is provided for older people. Reforms will ensure funding certainty for the sector, and encourage long-term investment and new supply."

hxxp://www.governmentbusiness.co.uk/news/31102017/supported-housing-gets-funding-boost

first_things
30/10/2017
10:38
The government will be giving their response to the Consultation on funding reform for supported accommodation sector tomorrow.

They've already said via the PM last week

“I can also say today that as part of our response to the review, we will not apply the Local Housing Allowance cap to supported housing.

“Indeed we will not be implementing it in the wider social rented sector and the full details will be made available when we publish our response to the consultation.”



I'd expect ASH to issue an RNS with with more details than last weeks initial response once they have considered the full implications of the government's response.

May be an interesting week.

cottoner
27/10/2017
11:09
Re 2019 WHI forecast - jusr re-reading their long note of 3/10/17: Forecast revenue of £35.4m, it broadly seems to assume some schemes reach close "in advance of the government providing further detail". The pipeline of 28 schemes comprised the 3 medical schemes for £8.7m on-site and £203.3 appointed. The pipline represents c6x the WHI revenue for 2019 and it shouldn't take 6 years for these schemes now to be built, so I'd conclude there is potential for 2019 forecasts to be raised - and that's excluding anything for modular.
18bt
27/10/2017
08:00
I think the business now has a very good story to tell so it would be great if we get some more coverage over the weekend. It will be an exciting few months / years with the business and I wonder when the brokers will update their 3.5p earnings forecast for the next full financial year? The business now looks massively undervalued on the forecasts and positive news flow will mean a quick re-rating.
first_things
27/10/2017
06:19
Got mentioned in the Times market report:

'On the junior Aim market, shares in Ashley House jumped by almost a third to 8¼p after Theresa May’s announcement that the government would drop plans to cap housing benefit in the supported living sector to local housing allowance rates.

The health and social care property group said the decision should “enable the company to unlock many schemes in its large housing pipeline” which would not have been viable with the cap in place.'

cottoner
26/10/2017
19:28
Following the government's announcement, some very interesting comments in the summary section of ASH's latest results.

'The Company is now well diversified across the health and social care landscape and once the housing pipeline is fully unlocked there is expectation that the business will grow rapidly. This, coupled with the new modular business, means we look forward to the future with increasing confidence.'

cottoner
26/10/2017
18:01
Yes, that's great news and not even tied to the Government announcement. No doubt that triggers some much needed fees!
I think shareholders and management deserve a reward here for their patience and persistence. Now it's time for management to really deliver.

topvest
26/10/2017
14:57
Ashley House just tweeted

Planners approve proposals to build 80 bed care home, for older people, at former school site in Burnholme, York.


+++++++++++++++++++++++++++++++++++++++++++++++++++++++

I'm sure many more to follow given yesterday's announcement.

cottoner
26/10/2017
14:40
Yes, thanks First_things for yesterday's post. I just look at ASH briefly during each day to see if there are any comments and I'd missed the U-turn on the news. Managed to get some yesterday before the supply seemed to get tight, which has brought my average down a lot.

Goodness knows what will happen to the share price, even if they just post 2p eps. If forecasts are then 3p for the next year that's 50% growth and the rating would be about 3 max ! Which in traditional PEG language would be about 0.06, probably the lowest ever recorded for anything.

yump
26/10/2017
14:11
Theresa May - tweeted today:

"Great to see yesterday's announcement already leading to more investment in supported housing."

first_things
26/10/2017
13:12
The broker forecast was issued in October this year so given the good news flow I expect that these figures could be exceeded. The longer term outlooks is very exciting so it will be interesting to see when this gets reflected in the share price.
first_things
26/10/2017
13:06
Well done on the heads up First Things.

I loaded up at several prices yesterday, sold quite a few today on the news albeit too soon but profit is a profit they say but holding a few incase it keeps on climbing.

Topvest

Agree with you on the EPS forcast, will not be anywhere near 3p but the year after might be a lot better after yesterday's news

dave4545
26/10/2017
13:00
ASH reminds me of another share I held for many years STY it went nowhere for years then 5 bagged for me when finance was sorted. I am sure the same is possible here.
wskill
26/10/2017
12:24
I think there could be some big upgrades in numbers as the business is set for rapid growth.

On a forward earnings multiple (Y/E Apr 19)of 12 this would give a share price of 42p.

Any thoughts and what sort of multiple would be average?

Y/E Apr 18 £31.7m EPS 3.0p
Y/E Apr 19 £35.4m EPS 3.5p

first_things
26/10/2017
10:30
Personally, I think this year's Earnings estimate is a tad ambitious. 2019 and 2020 now look much better though. Even if we get 1p EPS this year and 3-5p EPS in 2019 this is very cheap indeed as it is was priced to go bust in 50% likelihood. Now looks much less likely to go bust.
topvest
26/10/2017
10:10
I've got Y/E Apr 18 £31.7m EPS 3.0p
Y/E Apr 19 £35.4m EPS 3.5p

Again from stockopedia

cockerhoop
26/10/2017
09:45
The Broker forecast is for the final year ended April 2017 (Rev £31.7m EPS 3.0p) and this could grow significantly the following year. It will be interesting to see if the story now gets picked up by the wider financial press and what valuation they would put on the business.
first_things
26/10/2017
09:11
At least it would be financing with a pipeline with something moving in it, as against financing with a blockage.
yump
26/10/2017
08:48
The Broker forecast I've seen on Stockopedia suggests:

Rev £31.7m EPS 3.0p

Bearing in mind H1 has been very slow I can't see those numbers being upgraded.

The elephant in the room is clearly 'the Company continues to look to extend and widen its financing options to enable it to invest in the pipeline as it accelerates'

cockerhoop
26/10/2017
07:42
Great update from the company this morning.

Big upside from here.

The broker forecast surely have to be updated now?

first_things
26/10/2017
07:06
Reminder :

From recent results

Housing pipeline continues to build, although delivery still held up by Government

o Completion of two extra care housing schemes, in Harwich and Walton-on-the-Naze

o Pipeline of 23 appointed schemes with £197.9m of revenue anticipated to be recognised

o Almost two year delay to extra care housing pipeline as Government benefit policy on elderly and vulnerable people continues to be reassessed. The Company however now believes this may shortly be unlocked

cottoner
26/10/2017
06:56
Yes, all bodes well at long last. The traffic lights are turning amber, and hopefully the green light on Tuesday. Should see a step-up in the share price now surely?
topvest
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