Assura Share Discussion Threads

[badtime] 22/5/2020 20:45

Added at 74 today...seemed a good price

[scubadiverr] 19/5/2020 10:50

Not all. Bbox is selling at a discount to nav. They supply huge logistics warehouses to, in main, online businesses, on long-term leases that are then outfitted by the renter with extremely expensive technology that creates a substantial exit barrier. Not only is bbox trading now at a substantial discount to nav it is yielding nearly twice as much as. A safe dividend is not good if at the time of wanting to sell the market will only pay nav.

[bscuit] 14/5/2020 23:56

Steve, totally agree. Other property owning companies are suffering rents being with-held for inability to pay, but the tenants' rent is mostly from HMG. For this PHP and SUPR rent non-payments are most unlikely. In these uncertain times a very solid hold on income considerations.

[steve3sandal] 14/5/2020 23:04

On the contrary I think 72p could be an opportunity. Could the market improve its offer a little more please. Hopefully the Mar low 65/67p is a floor and anything around that more than interesting to me. Results next Thurs likely to create a lot of attention. Stay alert!

[scubadiverr] 14/5/2020 22:39

Nearly 2 years dividends gone in one day and with such a lofty premium to nav looks a scary REIT to hold. Bbox seems to be holding up well and trading at a discount to nav

[bscuit] 07/4/2020 09:47

Existing small shareholders would have had to be extremely agile to participate !

[jimbo3352] 07/4/2020 09:32

I can't say I see the logic of the share price coming down to the placing price when the placing was small relative to the total shares in issue and at a price well above NAV. It was however a very welcome opportunity to top up at the placing price or slightly below.

[horndean eagle] 07/4/2020 09:30

obviously picked a good day for it. didnt do so well in terms of who they sold them to though. badly handled placing.

[jonwig] 07/4/2020 07:19

All shares placed at 77p. Quite a result!

[horndean eagle] 06/4/2020 20:21

Wasn't wrong re placing. Picked a good day for it. Anything above 73p and they will have done very well.

[jonwig] 06/4/2020 18:39

The strangest announcement of the day. Just like old times: Proposed equity placing of new ordinary shares to fund development and acquisition pipeline that will deliver future GP surgery, primary care and community healthcare buildings for the NHS The Board of Assura is announcing a proposed placing, by way of accelerated bookbuild, of up to 240,207,920 new ordinary shares ("Placing Shares"), representing up to circa 10 per cent of the Company's existing issued share capital (the "Placing"). The Placing, which is being conducted by way of an accelerated bookbuilding process (the "Bookbuild") available to qualifying new and existing investors, will be launched immediately following this announcement. https://www.investegate.co.uk/assura-plc/agr/proposed-equity-placing-of-new-ordinary-shares/202004061642559531I/

[badtime] 02/4/2020 22:00

Well I'm happy and will add on weakness

[jonwig] 02/4/2020 07:44

Update, couldn't be stronger: https://www.investegate.co.uk/assura-plc--agr-/rns/trading-update/202004020700044923I/ and ... the dividend WILL be paid.

[goliard] 18/3/2020 10:58

Put 20,000 of these into my ISA yesterday as my first move away from being 100% cash since December (more from luck than judgment). Will have another look in a week or so. FTSE could easily see 4,000 if more panic sets in so I need to be patient and not think everything is a bargain today! Took a punt on SSE yesterday too which was a bit more risky and Joules which is much more risky, but still almost all cash so happy to wait and see what happens.

[badtime] 16/3/2020 21:35

Very valid points imho

[jonwig] 16/3/2020 15:00

If you reckon that this, one of the safest stocks on the London market has lost 23% since mid-Feb, that puts the panic in context. Supermarkets have lost less (TSCO 15%) and some really sound stuff is down nearly 50%. Not adding anything ... yet!

[badtime] 16/3/2020 13:57

I don't think they will be raising dough anytime soonAnyone adding?

[horndean eagle] 28/2/2020 10:43

From last set of results Our LTV ratio currently stands at 36% and will increase in the short term as we draw down on debt facilities to fund the pipeline of acquisitions, development and asset enhancement opportunities. Our policy allows us to reach the range of 40%-50% should the need arise. and comment from the last annual results In July 2018, we were assigned an investment grade corporate rating of A- (stable outlook) by Fitch Ratings Limited. As noted in the press release issued by Fitch, the key sensitivities that may lead to a negative impact on the rating include LTV increasing to above 40% on a sustained basis, the net debt to EBITDA ratio being above nine times on a sustained basis, increasing usage of secured debt and the EBITDA net interest cover dropping below two times. As a result, we have included these measures within our financing statistics included in the table below. Given they are acquiring more assets and they are nudging 40% I would assume a raise will not be too far away.

[jonwig] 28/2/2020 06:41

At the last interims in November, they said: LTV of 36% provides good headroom to create value and build portfolio, weighted average interest rate of 3.16% Completed private placement of £107 million notes in August Undrawn committed facilities at £310 million A- (stable outlook) rating from Fitch providing us with a broadened access to debt capital markets and lenders and they last did equity funding over two years ago. Undrawn facilities (maybe 3% int) suggests they don't need new equity. But 36% LTV suggests they might want equity. Hard to say!

[apollocreed1] 27/2/2020 21:05

Target and Impact definitely don't have a government rent guarantee, so I take your points that they're not comparable levels of safety. Thanks!

[steve3sandal] 27/2/2020 19:37

Fund raise. Good point. Gonna happen. Primary health case is much cheaper to deliver and that is Assuras space but needs doctors and needs pension reform.

[goliard] 27/2/2020 19:11

They have absolutely no nursing homes. I can guarantee that.

[horndean eagle] 27/2/2020 18:41

I think AGR will raise money soon. They would be crazy not to given the bonkers premium the shares are trading on. They haven't raised money for a while and have been making acquisitions so they will be approaching the high end of the LTV limits soon

[stupidboypike] 27/2/2020 09:09

great info on this thread - thanks to all. Best regards SBP