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Share Name Share Symbol Market Type Share ISIN Share Description
Assura Plc LSE:AGR London Ordinary Share GB00BVGBWW93 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.05 -1.91% 53.90 14,137,297 16:35:28
Bid Price Offer Price High Price Low Price Open Price
53.65 53.75 56.00 53.25 56.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 136.90 155.80 5.60 9.6 1,594
Last Trade Time Trade Type Trade Size Trade Price Currency
17:48:30 O 777,633 53.90 GBX

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Date Time Title Posts
01/2/202312:23Assura Group1,043

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Assura (AGR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-07 17:48:4453.90777,633419,144.19O
2023-02-07 17:41:5453.987,9704,302.52O
2023-02-07 17:41:2653.981,8711,010.02O
2023-02-07 17:37:1154.23115,44262,603.04O
2023-02-07 17:37:1053.9749,34826,632.13O
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Assura (AGR) Top Chat Posts

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Posted at 07/2/2023 08:20 by Assura Daily Update
Assura Plc is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker AGR. The last closing price for Assura was 54.95p.
Assura Plc has a 4 week average price of 53.25p and a 12 week average price of 52.50p.
The 1 year high share price is 72.35p while the 1 year low share price is currently 47.48p.
There are currently 2,956,564,843 shares in issue and the average daily traded volume is 13,224,969 shares. The market capitalisation of Assura Plc is £1,593,588,450.38.
Posted at 31/1/2023 12:52 by speedsgh
Share tip: Assura, the fallen angel that can soar again - HTTPS://www.thetimes.co.uk/article/share-tip-assura-the-fallen-angel-that-can-soar-again-9lwpc60mj

Small wasn’t beautiful for parts of the stock market in 2022: broker Numis’s small-cap index lost almost 20 per cent last year. The tiddlers on its list were joined by 45 firms that shrank enough to slip down from larger categories — “fallen angels”, in Numis’s words. Investors had backed away amid fears about the durability of profits and dividends.

Assura, the GP surgery landlord, was one of those fallers. The FTSE 250 investment trust — which buys, builds and manages community healthcare buildings — has been a victim of rising interest rates. Its shares fell a fifth in 2022, giving a £1.6 billion market cap, and are now changing hands at 55.5p.

And aside from the firm’s own fortunes, it might seem a questionable time to invest in the NHS (which underpins 81 per cent of Assura’s income) given the anger among healthcare staff. But the other spin, as chief executive Jonathan Murphy puts it, is that the pressures on the NHS [mean] “the need to invest in high-quality primary care to help alleviate this has never been greater.”

In this light, Assura still seems a good long-term bet — indeed, the NHS’s capital guidance plan for 2022-25 includes £100 million for investment in primary care estates plus IT. The Cheshire-based firm has a portfolio of 607 properties valued at £2.7 billion, and the GPs and other care providers who lease properties from it pay annualised rent worth some £141 million. Its balance sheet shows cash and undrawn debt facilities of £255 million, and net debt of £1.1 billion (all of which is fully hedged).

The firm is conservatively run — at the end of last year, Murphy said it would “proceed cautiously with deploying capital” in the short term. Although demand for healthcare won’t diminish in a downturn, rising costs and government spending cuts are a concern, and so it trimmed its M&A spending plans.

Assura’s focus on primary healthcare means it is more resilient than other property stocks, and NHS trends look positive for investments in GP surgeries and pharmacies, where patients can be treated more cheaply than in hospitals. In the six months to September 2022, Assura’s net rental income rose by 15 per cent to £70 million, although it reported a £19 million valuation loss, mostly due to the gilts market. Its total property return fell to 1.8 per cent for the six months, down from 3.5 per cent in 2021.

This investment might require patience, but the price-to-earnings ratio, which has hovered in the mid-20s for the past five years, is now 18. Long-term patient trends, and the likely political direction, make Assura a buy.

Posted at 30/1/2023 22:02 by cyfran101
Share Tip in Sunday Times this weekend: https://www.thetimes.co.uk/article/share-tip-assura-the-fallen-angel-that-can-soar-again-9lwpc60mj
Posted at 16/1/2023 09:41 by jonwig
goliard - you could be right. Of course, if the shares trade below nav, an equity fundraising is off the cards. I don't know what the scope is for rent reviews.

(The share price looks prettyy resilient today - I was expecting a bigger fall.)

Posted at 15/12/2022 16:54 by goliard
I am a fan of AGR but it needs to be low to mid 40s to be investable now with interest rates where they are and where they seem to be going. No reason to accept the current yield when you can get almost as much in a relatively short term deposit account with little or even no risk of capital loss.
Posted at 01/12/2022 07:53 by cwa1
Notice of Dividend

Assura plc ("Assura" or "the Company"), the UK's leading primary care property investor and developer, today announces that the next quarterly interim dividend of 0.78 pence per share will be paid on 11 January 2023 to shareholders on the register on 9 December 2022 (the "Record Date"). The Ex-dividend Date will be 8 December 2022.

This interim dividend will be a normal dividend (non-PID). Please refer to Company's website HERE for more information

Posted at 23/11/2022 19:48 by steve3sandal
So HY Net Rent up to £70m (£60m) and the NAV doesn’t blink, 60p.
3.12p dividend in N12M probable. At 56p/57p spread and ignoring trade costs they yield about 5.5%. I guess the dividend will continue to creep up.
Im thinking Im unlikely to get to see a much higher price from operational improvements so it’s interest rates interest rates which hold my fate.

I think Im talking myself into walking to something else.

Posted at 22/11/2022 07:25 by jonwig
H1 results:

https://www.investegate.co.uk/assura-plc--agr-/rns/delivering-continued-growth/202211220700071308H/

All good. Yield is now 5.5%, debt is fixed at average 2.3% and 7.5 years.

Posted at 05/10/2022 17:52 by steve3sandal
Beat me too it. They use EBIDA to Interest and it was 4.1x, 2021 3.9x.

I thought this was an interesting comparison in the 2022 Accounts.

The NIY on our assets continues to represent a substantial premium over both the 10 year and 15 year UK gilts which traded at 1.61% and 1.813% respectively (2021 0.845% and 1.22% respectively.

Obviously that premium is always warranted so with 10/15 year UK gilts at 4/4.25% what price Assura? If we had AGR on a 5% NIY before that’s a 3.3% premium on assets variously valued at 60-66p in the accounts. Keeping the premium gives say 7.5% requirement. DYOR but this suggests to me the new marginal buyers will not want to pay much more than 40p.

I thought today was a good update but Mr Market thought otherwise.

I like that they have lots of levers, new developments, sales off, rental regears, and £300m at 1.625% in 10 years time. But all this will be required to hold NAV above 60p as higher discount rates impact valuations. Debt/LTV leaves little wriggle room today and neither do I want them issuing more shares down here. I’m quite happy to have halved my holding a while ago but under water on the rest. I’m just going to hold these as the dividend is useful 4x a year. I’d top up at not much more than 40p too. I find it difficult to fathom this statement as I didn’t think we’d ever see 40something again.
But I’m finding myself making similar notes on my other prospective REITs too in this new paradigm.

Posted at 23/9/2022 10:47 by speedsgh
Starting to look tempting. Added to watchlist.

Any views on AGR v PHP? Both offering similar yield at present but AGR at 5.5% discount vs miniscule discount for PHP.

Posted at 20/9/2022 18:58 by jonwig
You can't compare the two: AGR's revenues are ultimately government-backed. IHR is care homes not clinics.

Most UK REITs are being hit today. Essentially fears that interest rate rises will be higher and faster. Rentals won't keep up. Also capital values are pretty irrelevant to AGR, but certainly not to IHR.

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