Assura Share Discussion Threads

[alotto] 24/10/2024 06:47

25 millions sounds like a drop in the ocean to deleverage

[speedsgh] 24/10/2024 06:26

£25m disposals and update on disposal programme -

[8w] 22/10/2024 12:22

GLG have a larger short in PHP...1.84%
Total short positions in PHP...3.72%
Bond proxies are under the hammer, UK borrowing higher than expected and outlook deteriorating

[alotto] 22/10/2024 11:09

If that's just short sellers it gives an opportunity to buy and secure a great dividend.
But why are there shorts on this stock?
Is it because of the debt refinancing or anything else I can't think of...

[justiceforthemany] 22/10/2024 10:51

GLG short selling.
In the UK due to FCAs incompetence any short position automatically collapses the share price
FCA are a disgrace.

[alotto] 22/10/2024 10:13

Why isthe share price so low here?
Is the 8% yield at risk?

[alotto] 22/10/2024 10:03

Why isthe share price so low here?
Is the 8% yield at risk?

[alotto] 18/10/2024 15:43

How heavenly?

[justiceforthemany] 18/10/2024 15:24

Directors have loaded up heavily here in the last year.
Rate cuts imminent.
8%+ yield.

[wad collector] 16/10/2024 21:19

Bought at 41.5 , there needs to be a serious investment in the UK healthcare Estates to keep the NHS from sinking .
This may not turn out to be the biggest winner but the recent share price drop looks like it might be a nadir.

[justiceforthemany] 16/10/2024 06:25

Even lower 1.7%
Rate cuts coming +++

[justiceforthemany] 15/10/2024 14:05

CPI 0700 tomorrow
Forecast to be as low as 1.8%

[crankylad] 15/10/2024 12:04

It's the continuous issuing of scrip shares resulting in continuous dilution to shareholders. That's my opinion and I'm sticking to it because for a start it puts me off investing in here..

[gbh2] 15/10/2024 10:34

Low volume since the 9th, often creates drift which is rarely up :)

[speedsgh] 15/10/2024 07:37

Not sure about "keeps dropping". Looks to have fairly solid support around this level (famous last words!). Once interest rates ease over time (assuming that does play out and I'm not expecting rates to reduce as much as many might) then this ought to support a change of trend. That's the logic but hey, since when have share price movements ever been logical?!

[alotto] 15/10/2024 07:25

Yet Assura keeps dropping.
What's concerning for all the people seeking or refraining from buying?

[speedsgh] 15/10/2024 07:16

Nothing new...

--------------------

Specialist primary care property investor Assura believes the UK is at an ‘inflection point’ in healthcare as demand for private treatment soars.

Shares in the £1.3bn investor in GP surgeries, pharmacies and treatment facilities, weakened after half-year results last week, with their discount widening 3.5% to 15% below net asset value (NAV).

The self-managed real estate investment trust, which is AA-rated by Citywire Elite Companies. said it had broadened the portfolio with a £500m acquisition of a private hospital portfolio.

Chief executive Jonathan Murphy said the 14 private hospitals would generate a day one rental income of £29.4m, with all of the leases subject to annual index-linked rent reviews and a weighted average unexpired lease term of 26 years.

Murphy said this ‘increases our exposure to the structurally supported private healthcare market as we continue to diversify our offering to meet changing UK healthcare demands’.

Assura also established a joint venture with the university pension scheme, USS, which ‘provides a new source of funding and opportunities to recycle capital into our growth pipeline’, said Murphy.

The need for healthcare investment was set out in the Lord Darzi report this year, which found the system not fit for purpose, with more than a million people waiting for treatment.

‘We are at an inflection in the UK, with structural changes to the delivery of healthcare services, the government targeting preventative services in a community setting, and rising demand for private providers,’ said Murphy.

‘Assura has firmly positioned itself to facilitate this change, being well-placed to work with all healthcare providers to deliver high-quality, sustainable facilities for the long term.’

The portfolio stands at 625 properties with an annual rent roll of £179.1m as of 30 September, up from £150.6m in March.

Over the half-year, the fund completed three developments at a total cost of £46m, including a GP surgery, an ambulance hub and the largest in-house development project to date with the building of the Northumbria Health & Care Academy in Cramlington.

The fund is currently in ‘advanced discussions’ for the disposal of 12 assets, and has five developments – including a GP surgery and a children’s therapy centre – in construction at a total cost of £44m, with £27m of spending remaining.

Murphy said there was a pipeline of 14 asset enhancement projects projected to cost £8.8m over the next two years.

Panmure Liberum analyst Tim Leckie said the shares were ‘attractive217; offering a 7.8% dividend after a 2.4% quarterly dividend increase to 0.84p per share in July.

The double-digit discount reflects the way the shares have lost over a third of their value over three years despite NAV proving more resilient with a 2.3% dip.

Merchants Trust (MRCH) fund manager Simon Gergel has been enthused by the low valuation of the shares, snapping up Assura for his £850m UK equity portfolio this year. He told Citywire that the ‘solid tenant base’ a lack of GP surgeries in the UK, as well as low-cost debt, made the Reit a good buy.

[alotto] 14/10/2024 18:50

What does it say? I don't have a work email address to read it

[speedsgh] 14/10/2024 18:07

Merchants-backed Assura Reit gets ready for NHS change -

[justiceforthemany] 10/10/2024 16:09

>8% yield.
UK CPI below 2% next week.
Added.

[speedsgh] 07/10/2024 14:02

Trading Update -

[speedsgh] 04/10/2024 12:47

Merchants Trust: Why we like ‘robust’ Assura Group -

Simon Gergel of Merchants on why Assura, the real estate investment trust and GP landlord, is attractive on a 12% share price discount and 8% yield.

[george stobart] 26/9/2024 12:05

The greatest issue right here is that Kamala and Walz want to allow tampons in men's toilets.

They also want to allow transgender surgeries of illegal aliens using taxpayers money.