Ashley House Share Discussion Threads

[cottoner] 07/11/2017 19:13

Comments within the Summary section of the recently announced half-year 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.'


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Presumably the recent words and actions by the government will have unlocked the housing pipeline.

If this is the case then ASH now expect to grow rapidly.

[microscope] 07/11/2017 18:44

Good spot yump, was wondering about that. when I saw she got 10.8p I had thought it might be to aid liquidity, but you're right. Loan was announced on 4th July for 4 months, share trade Monday 6th November, so it's clear the two are related.

[yump] 07/11/2017 17:47

Wife of non-exec sold a few. That explains how I got some more a bit more easily than previously.

Presumably related to this indirectly from July:

"... new loan facility (the "Facility") of GBP200,000 being part of its continuing programme of refinancing of the Company's debt facilities.... The Facility is being provided to the Company by Maureen Moy, spouse of Non-executive Director, John Moy. It is available for an initial four month period and is secured against individual assets of the Company."

[microscope] 07/11/2017 16:07

Noticed this when going through old RNSs. It was when they cautioned for year end profits, in March. "It is still very much believed that Extra Care will be an increasing and successful part of the business and will provide significant growth in the near future," Ashley House said.
However, the company said it is "immensely frustrated at the continued impact of government policy change on this key area of the business".

With that uncertainty now removed, it is clear how the company feels about its prospects.

[microscope] 07/11/2017 10:23

Thanks again, done. Literally changed quite a lot since you posted!

[cottoner] 07/11/2017 10:03

Total number of shares in issue = 59,766,196

Director's hold 13,279,121 = 22.25%

Major Shareholders hold 48.72% (inc Directors)

[microscope] 07/11/2017 09:57

Superb cottoner. I've added to header. Also looking for data on current management holdings to add.

Yes yump, still some traders getting out. Once they're gone I'm confident we can continue to more normal progress.

[cottoner] 06/11/2017 19:22

Just released by ASH today:

Social Impact Report - Year 5

Ashley House plc is proud to be a founder member of the Social Stock Exchange, the world’s first regulated exchange dedicated to businesses and investors seeking to achieve a positive social and environmental impact through their activities.

Ashley House understands that property has an important role to play in the provision of high quality health and social care services for communities across the UK. As a development partner with over 25 years’ experience, we use a unique blend of services and expertise working with partners at local and national levels, assuming risk to deliver integrated, considered solutions that improve user experiences and the ability of care professionals to do their jobs.

This year’s report has been extended to provide a more detailed picture of the nature of our business and the markets in which we operate, including an introduction to our new modular construction business.

We have further provided evidence of how each aspect of our business is able to benefit the end users of our developments as well as the wider local community.

We trust that you will find that this year’s Impact Report offers both interest and enlightenment as to how the work we do benefits communities. The report demonstrates the real benefits our work can offer and how these can improve the quality of people’s lives, whilst still providing a commercially successful development for our clients, funders and shareholders.

[yump] 06/11/2017 17:07

There seems to be no coverage at the moment in the usual places, so wondering if it is indeed the time to take a bit of a gamble and just mop up any shares. Obviously they've still got to deliver, but if everyone else does a double-take on the forecasts when they see the valuation (as I did), perhaps there's time to build up a substantial shareholding.

I wonder how many quick on the mark traders just jumped in and will sell out...

[microscope] 06/11/2017 15:27

Thanks guys, if you'd like anything added/amended in the header, just ask.

Yes, if there is a correction everything will be hit to some extent, unless they 'trade ahead' or similar. Good reasons to think this company will do just that, though even that might not be enough until the newsflow, however the sorts of companies that are most vulnerable would be stocks where the bubble is worst.

One company announced a profit of 17k the other day. The shares have doubled and they now have a market cap of almost £40 million. In my opinion it will take them 2-3 years to remotely justify that, and that is a best case scenario.

All we can do is either go 100% cash in that sort of situation, OR keep a few of our 'solid' stocks. I'm in the latter camp, which is why I like (possibly dull) companies such as this, off the radar, but who won't be hit hard by any recession (perceived or real).

[yump] 06/11/2017 15:08

Yes thanks. Hopefully if the flaky fundamentals of some stocks lead to a drop, it won't drag the sound ones with it, as it in 2000...

[cockerhoop] 06/11/2017 14:14

Decent summary microscope

[nextlink] 06/11/2017 13:48

Nice summary. Have only held days and happy to join this new thread.

[palwing13] 06/11/2017 13:42

Thanks ...

[microscope] 06/11/2017 13:40

Ok consider it done. Hope people will use and contribute to the new thread

[microscope] 06/11/2017 10:24

We could really do with a new thread if any longer term followers (or new for that matter) have the time/inclination. The header detail is nine years old!

[microscope] 05/11/2017 19:12

Think we need to be realistic. I could see 15p this side of Christmas, 20p early next year perhaps, but as Topvest says we need to see evidence of pipeline active, and there are probably still very long term holders prepared to take their money and run. I do thunk that would be a terrible shame for them, at just the moment take-off is imminent - but I understand the 'relief' rationale. The revival is based on genuine substance, not random speccy buying, and they'll likely 'repent at leisure'.

Next year I do think the sky is relatively the limit, as the increased activity feeds through to the bottom line.

Can't recall any company meet WH Ireland forecasts in living memory (only slightly tongue in cheek!) but prospects here are the best they have been in many years, and I really do think over a 6-24 month timeline, we will see amazing progress.

Any significant share price weakness or profit takers and I have funds ready to take advantage, and zero interest in selling as I am so bullish about the future.

[topvest] 05/11/2017 17:52

Suspect we need some news that definitively shows the pipeline is moving. Certainly would be nice to get back into profit here.

[hitsha1] 05/11/2017 15:03

Looks good here for next week do we see 20p plus, I’ve got feeling we might

[first_things] 03/11/2017 11:52

People may have missed the snippet from the 2016 interim report about the £11.5 million of grand funding given to Ashley House. The change in government policy along with this grant funding should help the business quickly "unlock schemes".


"This month's announcement by the Homes and Communities Agency of grant funding for the next five years included Ashley House with £11.5m of funding for five of our current schemes. In addition, a Registered Provider partner has been awarded £7.5m for another three of our schemes. The total of £19m of grant funding is a strong indication of the progress the Company has made in this area and of the real opportunity for the business to develop out these schemes once the Government's position on social rents becomes clear.

In each case the grant funding allows the rents to be around 20% lower than they would have been and makes the schemes acceptable to the Local Authority Housing Benefits team. It does not in itself close the gap created by the capping of Housing Benefits to Local Housing Allowance levels, but it should help unlock schemes. Having successfully completed our Extra Care scheme in Harwich last month, we remain on site with the scheme in Walton on the Naze which is due to complete in the coming weeks."

[cottoner] 03/11/2017 11:01

Just another reminder of what was said in the Summary section of ASH's recently released half-year 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''

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Presumably the announcements made recently by the government will 'unlock' the housing pipeline.

[first_things] 03/11/2017 10:45

The fundamentals look stronger than Zoo so there will be substance behind the re-rating. I am looking forward to the update from Ashley House and perhaps we have some coverage in the press over the weekend.