Share Name Share Symbol Market Type Share ISIN Share Description
Assura Group LSE:AGR London Ordinary Share GB00BVGBWW93 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.10p +0.17% 58.10p 58.35p 58.40p 58.45p 58.00p 58.15p 2,041,405 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 71.1 95.2 5.8 10.0 1,061.86

Assura Share Discussion Threads

Showing 726 to 750 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
17/11/2017
07:34
From the prospectus on the share issue (p.143): senior term loans with Aviva with an aggregate balance of £211.7 million at 30 September 2017 subject to fixed all-in interest rates ranging from between 4.11 per cent. and 6.66 per cent. and a weighted average of 5.43 per cent., which mature on various dates between 2021 and 2044. In November 2015, the Company repaid £182.0 million of the loans along with associated early repayment costs of £34.1 million I agree the break costs look excessive, but we aren't told how the above breaks down between the individual loans. I don't know how they incurred the original loans - rates do look pretty high! It seems they've got the £300m placing away easily enough. For me, the 57p offer price isn't all that attractive so I may give it a miss.
jonwig
16/11/2017
13:46
SBP - it's most likely a "make whole" provision in the terms of the loan. That is, early repayment incurs a penalty which is tied to gilt yields. Had these been higher, the early payment penalty would have been higher. Early redemption of bonds usually carries this, too. I guess they've done their sums properly! Whilst I'm relieved the recent fall was probably due to leaking of the coming offer, I'm a bit surprised, as it's not all that common (in my experience) for these things to leak.
jonwig
16/11/2017
09:45
Think I have partially answered my own question:- From Full year results RNS :- "Loans from Aviva Commercial Finance with an aggregate balance of GBP213.8 million at 31 March 2017 (2016: GBP217.8 million). The Aviva loans are partially amortised by way of quarterly instalments and partially repaid by way of bullet repayments falling due between 2024 and 2044 with a weighted average term of 13.8 years to maturity; GBP4.3 million is due within a year. These loans are secured by way of charges over specific medical centre investment properties with cross-collateralisation between the loans and security. The loans are subject to fixed all-in interest rates ranging between 4.11% and 6.66% and a weighted average of 5.43%. The loans carry a debt service cover covenant of 1.05 times and an LTV covenant of 70%, calculated across all loans and secured properties." So the loans have an average term of 13.8 years and average interest of 5.43%. Even given that, assuming they can reduce interest cost by 2.5% (is that sensible?) it will take approx 8.4 years to recoup the break money. Interested in other thoughts. Best regards SBP
stupidboypike
16/11/2017
09:36
Well spotted jimbo, Is anyone in contact with the company who could ask how this represents good value? On the face of it, it looks (as jimbo says) excessive. Best regards SBP
stupidboypike
16/11/2017
09:25
I see ARG anticipate paying £55m break costs on the Aviva term loan which is to be repaid from the proceeds of the new issue. If my arithmetic is correct that seems to be around 5 years interest payments - seems a bit excessive?
jimbo3352
16/11/2017
08:27
Just joined the party here again. Sold out when I thought they were overpriced, but increase in NAV, increase in divi, raising institutional funds at 57p, what's not to like? Had to pay 59.06, was hoping for lower, but I think once things settle down with a virtually guaranteed and effectively index linked divi of 4.4% they will be bought higher. In one sense who cares, simply hold and collect divi. Best regards SBP
stupidboypike
16/11/2017
07:39
I see! They were sounding out instutions about the Placing so some of them naughtily sold in order to buy back cheaper in the Placing. Should have guessed I suppose!
hiddendepths
14/11/2017
11:35
I wonder if Standard/Aberdeen have found themselves with too many as a combined holding and have been selling. Anyway, topped up at 59.65 because I can see no reason for the drift - apart from the patchy selling of course!
hiddendepths
24/10/2017
15:22
No z: Https://www.investegate.co.uk/assura-plc--agr-/rns/notice-of-results/201710181000019341T/ Increase in quarterly dividend would be helpful to boost the share price 🤔
hyperboreus
24/10/2017
13:56
Hyperboreus Thank you for the above. Interims 22nd? Nov. z
zeppo
24/10/2017
12:51
Assura has been tracking lower for a while and I am sure that the RNS re Andrew Darke departing hasn't helped: Https://www.investegate.co.uk/assura-plc--agr-/rns/directorate-change/201710031501555899S/ The absurdly generous VCP set up in 2013 within which Andrew Darke was one of the major beneficiaries has no doubt provided him with the financial freedom to do something different in his working life!
hyperboreus
23/10/2017
17:45
Why the decline today? Any ideas? z
zeppo
07/10/2017
10:18
jonwig Thank you for the updates. A healthy investment? z
zeppo
03/10/2017
05:27
Citywire: Healthcare real estate investment trust (Reit) Assura (AGRP) is ‘well placed’ for gradual improvement in rents but the scope will be limited by interest rate risk, says Liberum. Analyst David Brockton retained his ‘buy’ recommendation and target price of 68p on the stock after a pre-close trading update showed ‘steady improvement in rental growth comfortably on track for [the] full-year forecast’. The shares rose 2.1% to 64p yesterday. ‘We continue to believe Assura remains well placed for some further gradual improvement in rental growth, as short-term inflationary pressure prompts increase for 28% of the group’s leases inked to the retail price index and some resurgence in new development approvals provides evidence of current land and build costs which can be used to price open market rent reviews,’ he said.
jonwig
02/10/2017
06:32
Trading statement. Properties mentioned seem to be prime, judging by passing rents (4.7% to 5.0% and decent unexpired lease length) unless there's been some yield compression since the last financial year. https://www.investegate.co.uk/assura-plc/rns/trading-update/201710020700053343S/
jonwig
25/8/2017
16:16
If Assura appoints a second broker, that suggests it will be the biter not the bitten!
jonwig
25/8/2017
09:51
SP jump suggests possible placing I think.
bscuit
25/8/2017
08:13
I wish to remain a shareholder in this 'story'. A takeover may give a short term profit but the long term growth will be for the new owners. Merger without changing ordinary shareholders status would be much preferable to me - or AGR remains as AGR. z
zeppo
24/8/2017
19:02
It's often a prelude to some corporate activity: merger, takeover, ...
jonwig
24/8/2017
18:07
It would appear that the appointment of a joint corporate broker the other day has had a positive effect on the share price! 👍 Link below on the off chance you missed it: Https://www.investegate.co.uk/assura-plc--agr-/rns/appointment-of-joint-corporate-broker/201708211344385644O/
hyperboreus
17/8/2017
16:39
Hyperboreus Thank you for the explanation. Still a good day against the market. In ISA, hoping this will not be taken over before some capital gain. Whatever, the quarterly divis. are excellent. z
zeppo
17/8/2017
15:35
Not at all zeppo, this announcement is as a result of the merger between Aberdeen Asset Management and Standard Life, therefore 6.27% holding is the aggregate of what were previously separate entities.
hyperboreus
17/8/2017
12:45
Aberdeen appear to have increased their holding substantial holding. z
zeppo
29/6/2017
13:50
Hyperb - they said in their latest FY results: As a REIT with the requirement to distribute 90% of taxable profits, the Group expects to pay out as dividends at least 90% of recurring cash profits. All dividends paid during the year were normal dividends (non-PID) with an associated tax credit, as a result of brought forward tax losses and available capital allowances. It is expected that some proportion of dividends paid out in the 2017/18 financial year will need to include a PID element. So as their rental income grows, they'll legally have to pay out more as a PID, but could well pay less as an ordinary (retain profits for expansion). They're a bit vague in their narrative.
jonwig
29/6/2017
12:56
Liberum increased target price to 68p post recent successful placing, bodes well for an increase in the dividend later this year 😁
hyperboreus
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V: D:20171122 05:47:56