Assura Share Discussion Threads

[gdasinv2] 16/1/2010 11:28

They hold huge no of GP surgery - and Current Health care products and coomunity service and govt contracts are very attractive. PE ratio is 10-15, so the share price should be around 123-130p.

[topinfo] 16/1/2010 10:34

Indeed, mkt was asleep at 1620 Friday when this news came out or most traders had already knocked off. I see this opening up sharply Monday morning as it only had a 19% rise in the 10 mins of trading prior to mkt closing and you couldnt buy any online, it was run in auction most of that. Fair value anyone?

[scburbs] 16/1/2010 09:28

Excellent news. Good to see someone else spotting the value that those here have already seen.

[topinfo] 15/1/2010 16:30

Statement re Share Price Movement



TIDMAGR

RNS Number : 6637F
Assura Group Limited
15 January 2010

?
Assura Group Limited ("Assura" or the "Company")


Statement re Share Price Movement




The Board of Assura notes the recent increase in its share price and confirms
that it is in preliminary discussions which may or may not lead to an offer
being made for the Company. Discussions are at a very early stage and there can
be no certainty that an offer will be forthcoming.


Further announcements will be made as appropriate.




Ends

[topinfo] 15/1/2010 16:30

Closed 45.5, roll on Monday. What price you talking here after recent good trading update?

[topinfo] 15/1/2010 16:29

Nice one Empire Bid talks.

[empirestate] 11/1/2010 17:00

that 1 million of jupiter looks like what was holding the share price back here

[scburbs] 13/12/2009 13:11

"Reading Walk-in Health Centre, the popular new Darzi centre in Broad Street Mall, central Reading has begun taking on new staff to meet growing local demand and to cope with the expected Christmas rush."

[empirestate] 08/12/2009 22:53

looks like some action gonna be here with 10 mill gone through on the ticker today

[scburbs] 04/12/2009 10:43

"Eight months' of yield compression for prime UK commercial property assets have reversed around 40% of the investment yield lost since 2007. In Cushman & Wakefield's December Business Briefing on the UK property investment market (its 'prime yield report'), the company says that strong demand and supply shortages forced a further 38 basis point yield fall in November."

[simon gordon] 26/11/2009 20:09

Investec - 26/11/09:

"Valuation and our view – all in all today's results were pretty much as expected, with the property division stabilising and both the Pharmacy and Medical divisions showing good momentum. With regard to valuation, as already discussed, we think that today's news that Assura is reviewing strategic options for the Medical division is good news for the shares. Consequently, we up our price target from 35p to 41p, with our new SOTPs price target based on fair value for the Pharmacy and Property divisions, but assuming that it will cost £10m to separate the Medical division from the group. Whilst we continue to view Assura as risky, we reiterate our Buy recommendation."

[simon gordon] 26/11/2009 17:14

Just listened to the Presentation, it was pressure from shareholders that forced them to dump GPCo. AGR almost looks like a sure thing to have a higher share price in 12 months.

[simon gordon] 26/11/2009 08:50

Glad to see the Board are waking up. Bodes well for a re-rating at some stage and a return to the dividend list.

[scburbs] 26/11/2009 07:29

Very interesting. This should support a rise in the share price back towards NAV. These contracts must be more valuable to someone like Care UK who can leverage their cost base across a larger number of contracts and make them more profitable. Therefore, a disposal may be the best option IMV (although it would be a rather quick change in strategy from the board!).

"As this business is expected to be loss making for some time and will consume further cash, the Board is in the process of evaluating a number of options to separate the GPCo business from the rest of the Group. This review of our future options for this business will be completed in the second half of the year and will be reported on in the full year accounts."

[scburbs] 26/11/2009 07:27

Results look good to me (if rather flattered by the swap gain).

[simon301266] 25/11/2009 19:33

well i am lomg some £400 pp, tight stops, im hoping for some good news, do or die!

[scburbs] 25/11/2009 10:56

Results tomorrow.

Share price doesn't seem to be anticipating them with excitement! Large seller sitting on the offer for the last couple of days with 113,287 currently available to buy at 32.25p.

[scburbs] 17/11/2009 07:49

Some further comments from Care UK results

"We welcome recent policy statements by the opposition Conservative Party in the UK which have substantially strengthened their commitment to more open market reform to allow new providers of NHS services and for greater freedom for patients to choose their GP and hospital provider. This builds on the significant reforms introduced by the current Government in recent years and means both the largest political parties support the role that independent providers can play in helping to deliver the highest quality and most efficient care to patients.

As well as such market reform and stimulation, policy reform generally is focused on the migration of services from hospital to community and social care solutions in order to improve care quality and reduce cost. This is wholly aligned with Care UK's long term health and social care strategy and places the company extremely well to drive exceptional levels of long-term growth."

[scburbs] 17/11/2009 07:45

Care UK doing well in the NHS outsourcing sector.

"Operational highlights - Health Care

· Strong growth in revenue, up 54%, and adjusted operating profit, up 44%, driven by full ownership of
PHG throughout the year and the implementation of new services

· Established as largest independent sector provider of both primary and secondary care services to NHS
patients with over 40 primary care sites and 9 specialist hospitals

· Continuing to achieve exceptional clinical outcomes and patient satisfaction ratings across the division,
with no cases of MRSA

· Mobilisation of Phase 2 ISTC in Southampton (Oct '08) and Greater Manchester CATS service (Feb '09);
volumes growing strongly for both services

· Awarded 14 contracts during and post year-end, mainly under 'Equitable Access' initiative; services
commenced under 11 contracts with balance to start in 2010"

[simon gordon] 24/10/2009 19:18

The current Board of Directors have seriously destroyed shareholder value:

[scburbs] 22/10/2009 17:59

5.38% yield for a medical centre. More evidence that AGR's properties have been increasing in value over the last few months.

"Jones Lang LaSalle's auction earlier today saw 81% of the properties on offer sold, as investors continued to exhibit an appetite for prime property.

...

Notable sales included:

...

Mundesley Medical Centre in Norwich which sold for £820,000 against a £725,000 guide price, achieving a 5.38% yield."

Source: EGi

[scburbs] 21/10/2009 22:13

The document throws up another comparable which is MedicX Fund. This company had a NAV of 64p at 31 March 2009 and a current share price of 85p. The property owned by this company is very similar to AGR's so I would expect their property businesses to trade on similar ratings.

[scburbs] 21/10/2009 21:58

Interesting analysis on healthcare sector property assets.

http://www.ipd.com/Portals/1/downloads/about_us/Press%20centre/IPD%20UK%20Healthcare%20Index%20pr%20-%207%20Oct.pdf

[scburbs] 19/10/2009 10:57

"Demand for former care homes and private hospital properties with future potential drove up results at Savills' commercial auction, where 80% of the lots sold raising almost £7m.

With just 20 lots offered, volumes at the auction at Claridge's on 12 October were almost half those a year earlier.

Simon Parker, auctioneer, said: "The healthcare sector is going well.

"Seven out of eight healthcare lots sold despite being unoccupied, because the perception is that the returns are there when tenanted.""

Source: EGi