Assura Share Discussion Threads

[moizz] 24/10/2019 12:03

When in Nov are the interims out do we know a date?

[zeppo] 15/10/2019 16:37

Takeover possibly?

Or less likelihood of the very, very minor risk from Corbyn.

AGR have confirmed at two AGMs that they talk to the three main political parties.

[hiddendepths] 15/10/2019 15:56

Wow. There's an awful lot of buying going on. It's been happening for a while but it seems to be intensifying. I wonder why.

[jonwig] 03/10/2019 07:10

Brief, but very positive trading update:



FY results 12 Nov.

[jonwig] 23/8/2019 09:10

Jom - agreed. As far as I'm aware, Labour's plans don't affect AGR's business model. Though Labour's plans are beginning to seem rather quaint and irrelevant, perhaps!

[jombaston] 23/8/2019 09:05

AGR is now pretty much in line with PHP.

The valuations got out of line when PHP rose sharply following the Medicx takeover.

With the 10 yr gilt yield now at 0.55% it is difficult to argue these are expensive even below 4% yield.

Alternatives would be infrastructure funds (esp those with low PPP weightings), renewables (experienced operators) and industrial/warehousing REITs.

Those would give you a little more yield and should be safe, but still probably not quite as secure income as AGR & PHP.

[jonwig] 22/8/2019 06:25

Hyperboreus - hah! Thanks. Not only my predictive powers are feeble.

[hyperboreus] 21/8/2019 22:52

Today jonwig?



'5. Date on which the threshold was crossed or reached: 6 December 2017

6. Date on which issuer notified (DD/MM/YYYY): 7 December 2017'

'Corrected disclosure. The position of Artemis Investment Management LLP has been corrected to 8.20% from 8.71%.'

[jonwig] 21/8/2019 17:59

I think the rise is just a flight to safety: I can't see them being bought out, but my predictive powers aren't anything much!

Interesting, today Artemis has actually reduced from 9.99% to 8.20%.

[zeppo] 21/8/2019 11:48

I hope that this is an overdue correction but very welcome rise.

For those who were in it before the 57p Rights Issue the yeild is excellent.

If we are taken out the question is always where to go next

[winsome] 21/8/2019 11:18

Still offering 4% yield despite the recent price rise. I too wonder why the sudden rise last few months but probably overdue.

[zeppo] 20/8/2019 11:42

Any ideas of the premium to take this out?

[bscuit] 20/8/2019 11:37

both AGR and PHP would be attractive to an Income fund.

[zeppo] 20/8/2019 11:32

After languishing for a long time near the Rights price of 57p, I hope it is not now destined to be taken over.

Growing income is my interest and this company certainly fits the bill.

[hiddendepths] 20/8/2019 11:18

There's something happening here. What it is ain't exactly clear. There's a man with a gun over there telling me I got to beware.Top-sliced!

[jonwig] 02/7/2019 07:06

Good trading update, as is usual here:

[jonwig] 21/5/2019 15:55

Sharecast:

Assura on Tuesday reported that portfolio expansion drove annual rental income and profit growth, while the company's pipeline has reached a record level on the back of a new acquisition.

The primary care property investor and developer achieved profit before tax of £84.0m for the year ended 31 March, a 17% increase over the year before, as gross rental and related income jumped by 19% to £102.4m with net rental income climbing by 19% to £95.2m.

The rental increase was aided by £240m of property additions throughout the year, on top of another £314m in the year before, through both acquisitions and development.

The NHS remains Assura's primary customer, accounting for 85% of the total rent roll, with approximately 8.5% of the UK's NHS patients using the company's premises.

Jonathan Murphy, chief executive of Assura, said: "Assura has delivered another year of strong operational performance with robust revenue and rental growth. This has been driven by our development and investment teams' focus on growing and enhancing our portfolio and active asset management. We are well positioned in the primary care property market and our development pipeline is the strongest it has been in 10 years."

The FTSE 250-traded company said its extended pipeline will increase from £190m to £282m following its acquisition of the primary care developer GPI, which was announced on Tuesday.

Assura increased its full-year dividend by 8% to 2.65p per share, while cash and cash equivalents stood at £18.3m at the end of the period, down from £28.7m at the same point last year.

"As the government continues to approve healthcare schemes, we look forward to maintaining our deep relationships with the NHS. This is built on our strong links with healthcare trusts and ability to provide high-quality primary care facilities that benefit patients and reduce pressure on the NHS," said Murphy.

A statement from the company said it was confident about the next 15 years due to its portfolio of 563 properties and its continued investment in its development and asset enhancement teams.

Assura's shares were up 2.14% at 62.10p at 0901 BST.

[hyperboreus] 21/5/2019 11:25

The only negative here for me is that NAV is lagging but the acquisition is clearly likely to pep up future developments, overall very encouraging, share price moving up on fairly heavy volume for AGR 👍

Shortish bullish interview with AGR CEO Jonathan Murphy:

[jonwig] 21/5/2019 08:49

stupidboyME - cheers, have amended.

I think the premium was even higher when I bought these.

[stupidboypike] 21/5/2019 08:42

jonwig, at 61.5 the premium looks like over 15% to me unless I've missed something. Otherwise everything absolutely brilliant. Like you - a strong hold, why sell?

Best regards SBP

[jonwig] 21/5/2019 08:28

FY results:



Dividend up, NAV up. (NAV 53.3p so premiumnearly 16% - may be a drag). Strong hold for me.

[alter ego] 09/5/2019 16:32

and still moving upwards

[badtime] 29/4/2019 14:24

Bit of strength today