Assura Share Discussion Threads

[blueclyde] 16/4/2024 16:43

Who knows what the inflation data will be but remember it is out tomorrow. Need to factor that in if you are trying to save a penny or so in buying in ect.

[spectoacc] 16/4/2024 16:24

You sure it's from the sitting @speedsgh.. ;)

Tricky isn't it, particularly when there's a good (WW3) reason why everything may get cheaper. Can think of worse homes for the new ISA allocations tho.

[speedsgh] 16/4/2024 16:23

Bit of a gap opened up between AGR & PHP...

AGR - 22% discount to 30/9/23 NAV - 8.1% yield
PHP - 16% discount to 31/12/23 NAV - 7.6% yield

[the deacon] 16/4/2024 16:19

Well, I've topped up. Couldn't resist.

[speedsgh] 16/4/2024 16:17

Not far off the lows now (39.46p on 26/10/23). My hands are getting numb with all this sitting!

[badtime] 16/4/2024 15:33

Interesting posts EI and SpecI'm a holder of AGR and some of the stocks mentioned ..I'd add normally at these levels, but probably like u think even cheaper is possible/probable...so sitting on hands at mo

[essentialinvestor] 16/4/2024 14:03

API and SHED look the most interesting to me atm. Although I hold both, I prefer to consider more cautious views.
Not precious about any stock I hold

Agree there is plenty of choice available atm and also have tbh and say gilt yields are going travelling in the opposite direction to my expectations - at least for now.

EBOX also worth considering, IF available a little further down.

SUPR on a watch list to buy. Traded it a couple of times YTD

[spectoacc] 16/4/2024 09:01

Thanks @Hope1815 - I struggle to differentiate them. Both are constrained on development due to very high debt loads, both with decent secured interest rates on that debt. Some GE risk, but the mood music is all favourable - Labour will need to encourage more private capital, not less.

Struggling to sit on hands with AGR but I don't want to buy back in until it's testing those sub-40 lows again. Plumped for some SUPR, & an average on CLI, instead this morning.

As ever lately, it isn't that something isn't cheap - confident AGR is - it's what else is cheap/cheaper.

Others on the list include SHED (which would be an avg) and EBOX (which is another "sit on hands and wait for retest of lows").

Good luck holders.

[alotto] 12/4/2024 12:53

I can't believe Barclays paid 20% income tax on my dividends from Assura in my isa... Because it is a reit... Not they have to claim it back from HMRC. Do other platforms do the same? I am thinking of ditching Barclays. One disappointment after another.

[hope1815] 12/4/2024 12:19

I hold Primary Health Properties as well (AGR AND HICL) are in line with my Monthly Dividend. With the prospect of Interest rates falling coming 12 months. It seems reasonable to buy at the low points for the above. The uptick over the longer term seems these shares are undervalued with a good dividend.

[spectoacc] 11/4/2024 07:00

Can I ask why AGR and not PHP? Looking at both again, have only held AGR previously.

[hope1815] 10/4/2024 17:14

Assura has been in my Portfolios for a while and added as the lows continue. The interest rate question remains with the USA inflation being sticky. The BOE has hinted at interest rate cuts if inflation reaches 2%. The BOE could be the first to cut rates out of the EU and USA considering the UK had high Inflation above its competitors.

[cwa1] 15/3/2024 16:36

Almost 14M shares just gone through in the auction alone

[alotto] 15/3/2024 15:43

I think NAV is higher than 51. Just last year the asset valuation dropped like a stone, affecting PBT. Yield is very good and sustainable, at least until debt refinancing.

[panshanger1] 13/3/2024 21:03

Me too shades of the internet boom of 20 odd years ago when anything with dot com after it went to crazy valuations With bitcoin at record highs Rather stick with the solid dividend payers atm GLA

[hope1815] 13/3/2024 20:59

The A.I boom remains me of the Bubble be wary of people saying invest in them when they are at the height.

I am invested in Assura for the dividend when the interest falls in the coming year then the share price will rise.


Happy Investing

[alotto] 13/3/2024 18:41

George lol I hope you're joking
So we will take a critically injured person in front of a laptop at home

[george stobart] 13/3/2024 17:08

Is this literally heading to zero?

It is scientifically proven that as the UK's ageing population increases in size, less and less GP services will be required.

That is because healthcare AI algorithms will solve everything.

The best strategy is to buy AI stocks even paying 400x P/E multiple rather than Assura. If you don't buy AI stocks today you will miss out 100%+ guaranteed gains

[alotto] 13/3/2024 05:44

What are business rates for a company with credit rating of A- (I think that's the Fitch credit rating for Asus)? I'm trying to figure out how much more Assura will pay in cost of financing at debt maturity, assuming rates stay the same.

[badtime] 12/3/2024 21:35

Big volume today?

[speedsgh] 29/2/2024 11:48

By way of comparison see PHP's Annual Report presentation for 12 months to 31/12/23.



See pg9 Debt summary & pg10 Delivering Financial Management

PHP net debt £1.31bn
AGR net debt £1.195bn

PHP average cost of debt 3.3% (vs AGR 2.3%)

PHP seems to have a larger amount of debt maturing over the next 4-5 yrs.

[speedsgh] 29/2/2024 11:26

See AGR's Interim Report presentation for 6 months to 30/9/23...



pg12:
~ 2.3% fixed average interest rate, no hedging, minimal impact on earnings from
refinancing in the next 5 years
~ 6.5 years weighted average maturity, 80% of drawn debt matures beyond 2028,
LTV 44%

pg53 shows List of facilities & covenants

pg54 shows Debt maturity profile & interest rate

[spectoacc] 29/2/2024 07:41

Agree re debt, used to know which looked best and previously settled on AGR, but things may have changed.

Both require some digging.

[goliard] 29/2/2024 07:37

Other key differences between them are debt profile and refinancing requirements and also that AGR is a developer whereas PHP just forward funds at known rates. Development could be good or bad depending on cost. I would say debt terms are key.