Assura Share Discussion Threads

[essentialinvestor] 11/11/2021 13:22

Had a small amount under 69 which I am hoping is a fair price.

[jg231] 11/11/2021 12:52

Pretty disappointing to see a placing at 10% down on last year's (which was at 77p, I think). Dividend is only 4%, so -6% total return based on likely placing price.

[jonwig] 11/11/2021 12:18

The PB allocation was only €8m, hence the early close. The main placing must close by 4pm.

I avoided the PB because we don't know the price, and we haven't the spare cash outside the ISAs and don't want the hassle of shifting the shares into the ISA when we've got them.

[grahamite2] 11/11/2021 12:17

Presumably this became generally known in the City early in September, and it was all pretty much sewn up before today's announcement was even made.

[grahamite2] 11/11/2021 12:03

It is marked as closed on PrimaryBid.

[cwa1] 11/11/2021 12:01

Closing at Noon according to PB

[grahamite2] 11/11/2021 11:36

Can't say I have enjoyed having to get a new app to buy a pig in a poke.

[prokartace] 11/11/2021 11:17

If it works out at the same discount as Sirius on Tuesday we are looking at 69p probably

[cwa1] 11/11/2021 10:29

Will be interesting to see where the bookbuild lands. I've put in for a modest amount in the hope that it is respectably below the current share price Though I hope I don't get a piddling allocation...

[grahamite2] 08/11/2021 09:04

Thank you.

[alter ego] 05/11/2021 08:18

"Investor Presentation

Assura plc ("Assura" or "the Company"), the UK's leading primary care property investor and developer, is pleased to announce that Jonathan Murphy (CEO) and Jayne Cottam (CFO) will host a live presentation relating to the Interim Results for the six months ended 30 September 2021 via the Investor Meet Company platform on Friday 12th November 2021 at 3.00pm GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard until 9.00am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and register to follow Assura plc via this link:


Investors who already follow Assura plc on the Investor Meet Company platform will automatically be invited to the event."

[tole] 22/10/2021 19:27

I'd buy this UK penny share for its dividend growth potentialChristopher Ruane | Thursday, 21st October, 2021 | More on: AGROne pound coin Image source: Getty Images.Just because a share trades in pennies not pounds doesn't necessarily mean the company isn't attractive. One UK penny share I have been considering for my portfolio has a strong record of dividend growth. I also think it could keep increasing its payout. Below I look at the share in more detail.UK penny share with healthcare exposureThe UK penny share in question is Assura (LSE: AGR). Although the shares trade in pennies, this isn't a small company. In fact, the Assura market capitalisation is almost £2bn.It owns and leases a property portfolio focussing on the healthcare sector. So typical tenants include primary care providers such as GPs. I like that strategy for a number of reasons. First, demand is likely to be consistent. The need for primary care provision will remain no matter what happens to the economy. That will likely involve a requirement for physical space in central locations. Even if doctors do more virtual consultations – and lots of dissatisfied patients are arguing that they shouldn't – they will still need a physical working space.Secondly, GP surgeries seem like good tenants to me. They have the resources to pay the rent on time. They are also unlikely to make dramatic changes to buildings like some industrial tenants may do. So, when a lease ends, it is easier to lease the building quickly again.The company said this month that it has added a net total of 16 new properties to its portfolio in the previous six months. It now has 625 properties, with current annualised rent due of around £128m.Assura's dividend attracts meThat business model allows Assura to pay a dividend. Currently, the shares yield 3.9%. I think that is attractive enough to consider adding this UK penny share to my portfolio.But I also like the company's progressive dividend policy. It typically pays out quarterly. The quarterly dividend stands at 0.74p, around 4% higher than the previous year. Assura has raised the quarterly dividend annually since payouts began in 2012. Back then, the dividend was just 0.285p per share. That means that over the past 11 years, Assura'a dividend has had a compound annual growth rate of 11.2%. That is excellent in my view, and reflects the cash generation possibilities of the business model.Assura share price risksWhile a track record of double-digit annual increases attracts me, dividend history is not necessarily a guide to future payouts. With net debt of £1bn, Assura needs to pay substantial interest. If that cost increases, it could hurt future dividend payment ability. There is also a risk that any reshaping of healthcare delivery could lead to shifting demand for property leases from primary care providers. Over time, that could damage revenues and profits.Nonetheless, I like Assura's business model and its dividend appeal. The shares are actually cheaper to buy now than they were a year ago, having lost 4% of their value over 12 months. I'd consider picking them up and tucking them away in my portfolio today.

[perfect choice] 05/10/2021 13:52

And social housing based, nothing related to the NHS related holdings AGR has and not open arrangements for leases etc, which from a quick check of the CSH FBB is one of the issues causing the Regulator for Social Housing to announce a formal investing into Falcon Housing Association.

[grahamite2] 05/10/2021 13:43

I had never heard of Civitas until just now. The issues there look company specific to me.

[saltaire111] 05/10/2021 13:36

Just taking an interest here. Is this stock likely to be caught up in the same issues that have impacted Civitas? I’m not familiar with Assura Group - just starting to look it over.

Salty

[grahamite2] 01/9/2021 08:39

Ah - xd day coming up.

[badtime] 05/8/2021 12:39

Bit of strength recently

[grahamite2] 06/7/2021 18:15

Thanks jonwig.

[jonwig] 06/7/2021 07:15

Trading update.
Strong progress and some new ideas. This one, for example:

"We can increasingly see new ways to support the NHS in meeting its infrastructure challenges and the current development of the West Midlands Ambulance Hub is an excellent example of this. We continue to engage closely with the NHS to identify ever more innovative solutions for its needs."

[zeppo] 18/5/2021 09:12

Good income stock!

[jonwig] 18/5/2021 07:26

FY results:



All looks (predictably) excellent.

[hardupfedup] 26/3/2021 12:52

trying to move up ....

[winsome] 10/3/2021 10:58

Quite a few of my high yield holdings have been hit this last week on current sentiment. Next week sentiment will change again. And so it goes. I'm a long term holder so doesn't bother me. I've held AGR since they were around 32p. The share price increase and the compounded divs mean its been a great performer.

Investors seem to be switching too to riskier investments now that they think Covid is over and done with. Even if it is, I can't see much value out there at the moment. For example, Jet2 is trading near all time highs yet companies like these have taken on masses of extra debt or had equity raises which massively dilute the eps. Some of them won't return to the same levels of eps and debt for 5 yrs or more but they are priced as if that will happen tomorrow. So back in the good times Jeffries rated Jet2 a 'Hold' at 858p. Yet Jan 2021 they have a price target of 2000p. Just an example of what a bubble we are in?