Share Name Share Symbol Market Type Share ISIN Share Description
Assura Group LSE:AGR London Ordinary Share GB00BVGBWW93 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.60p -2.55% 61.10p 60.90p 61.00p 62.60p 60.90p 62.20p 3,881,513 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 71.1 95.2 5.8 10.5 1,451.63

Assura Share Discussion Threads

Showing 726 to 750 of 750 messages
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DateSubjectAuthorDiscuss
08/1/2018
21:06
Today's RNS: 'Assura plc ("Assura"), the UK's leading primary care property investor and developer, today announces that, following its recent equity raise, it has repaid £211 million of long term debt held by Aviva Commercial Finance, with associated early repayment costs of £56 million. The weighted average interest rate on the loans redeemed was 5.43%. This repayment is in line with the debt reduction plan announced in our Prospectus dated 16 November 2017. Following the repayment, gross debt will be £430 million and Assura will benefit from the resultant reduced weighted average cost of interest, as well as substantial capacity for further property investment. Further details will be provided with the financial results for the year ended 31 March 2018, which are due to be released on 23 May 2018.' z
zeppo
27/12/2017
21:39
Currently 10%+ above rights price. z
zeppo
07/12/2017
19:41
Numerous Institutional investor changes. I find the notices difficult to wade through. The price shares is slowly recovering - even with more shares. Looking forward to next Full Year figures. z
zeppo
04/12/2017
11:41
It looks as though the offer was a bit under-subscribed. They wanted up to 578,947,367 and got 545,124,813. Pretty satisfactory, considering the narrow discount to market price.
jonwig
27/11/2017
19:48
Zeppo, cut off date was 15/11, I had to get my instructions in by 29/11. FWIW I have put in for a few more, 57p is better than the market price and my previous 60p. I view things like Assura as ballast for the wider portfolio. Edit.....phone rang....I see you found the info.
steve3sandal
27/11/2017
19:12
jonwig Thank you for the information. Partly because there are no dealing charges I did take up the 2 for 11 offer and applied for extra at 57p. The share price has stayed at a very disappointing level and seems to move up a tiny bit each day then usually fall back at the end of the day, as it did today . Might be next year's Full Year figures before clarification of my wisdom or my folly. z
zeppo
27/11/2017
18:58
zeppo - it's not a rights issue, but an open offer. Take it or leave it. Your broker should have given you the dates. (I decided to ignore it.)
jonwig
27/11/2017
18:44
When did they go ex-rights? The General Meeting is 4th December. When will applicants for extra shares at 57p know if they have been successful? Anyone able to help with information on these points? z
zeppo
17/11/2017
07:34
From the prospectus on the share issue (p.143): senior term loans with Aviva with an aggregate balance of £211.7 million at 30 September 2017 subject to fixed all-in interest rates ranging from between 4.11 per cent. and 6.66 per cent. and a weighted average of 5.43 per cent., which mature on various dates between 2021 and 2044. In November 2015, the Company repaid £182.0 million of the loans along with associated early repayment costs of £34.1 million I agree the break costs look excessive, but we aren't told how the above breaks down between the individual loans. I don't know how they incurred the original loans - rates do look pretty high! It seems they've got the £300m placing away easily enough. For me, the 57p offer price isn't all that attractive so I may give it a miss.
jonwig
16/11/2017
13:46
SBP - it's most likely a "make whole" provision in the terms of the loan. That is, early repayment incurs a penalty which is tied to gilt yields. Had these been higher, the early payment penalty would have been higher. Early redemption of bonds usually carries this, too. I guess they've done their sums properly! Whilst I'm relieved the recent fall was probably due to leaking of the coming offer, I'm a bit surprised, as it's not all that common (in my experience) for these things to leak.
jonwig
16/11/2017
09:45
Think I have partially answered my own question:- From Full year results RNS :- "Loans from Aviva Commercial Finance with an aggregate balance of GBP213.8 million at 31 March 2017 (2016: GBP217.8 million). The Aviva loans are partially amortised by way of quarterly instalments and partially repaid by way of bullet repayments falling due between 2024 and 2044 with a weighted average term of 13.8 years to maturity; GBP4.3 million is due within a year. These loans are secured by way of charges over specific medical centre investment properties with cross-collateralisation between the loans and security. The loans are subject to fixed all-in interest rates ranging between 4.11% and 6.66% and a weighted average of 5.43%. The loans carry a debt service cover covenant of 1.05 times and an LTV covenant of 70%, calculated across all loans and secured properties." So the loans have an average term of 13.8 years and average interest of 5.43%. Even given that, assuming they can reduce interest cost by 2.5% (is that sensible?) it will take approx 8.4 years to recoup the break money. Interested in other thoughts. Best regards SBP
stupidboypike
16/11/2017
09:36
Well spotted jimbo, Is anyone in contact with the company who could ask how this represents good value? On the face of it, it looks (as jimbo says) excessive. Best regards SBP
stupidboypike
16/11/2017
09:25
I see ARG anticipate paying £55m break costs on the Aviva term loan which is to be repaid from the proceeds of the new issue. If my arithmetic is correct that seems to be around 5 years interest payments - seems a bit excessive?
jimbo3352
16/11/2017
08:27
Just joined the party here again. Sold out when I thought they were overpriced, but increase in NAV, increase in divi, raising institutional funds at 57p, what's not to like? Had to pay 59.06, was hoping for lower, but I think once things settle down with a virtually guaranteed and effectively index linked divi of 4.4% they will be bought higher. In one sense who cares, simply hold and collect divi. Best regards SBP
stupidboypike
16/11/2017
07:39
I see! They were sounding out instutions about the Placing so some of them naughtily sold in order to buy back cheaper in the Placing. Should have guessed I suppose!
hiddendepths
14/11/2017
11:35
I wonder if Standard/Aberdeen have found themselves with too many as a combined holding and have been selling. Anyway, topped up at 59.65 because I can see no reason for the drift - apart from the patchy selling of course!
hiddendepths
24/10/2017
15:22
No z: Https://www.investegate.co.uk/assura-plc--agr-/rns/notice-of-results/201710181000019341T/ Increase in quarterly dividend would be helpful to boost the share price 🤔
hyperboreus
24/10/2017
13:56
Hyperboreus Thank you for the above. Interims 22nd? Nov. z
zeppo
24/10/2017
12:51
Assura has been tracking lower for a while and I am sure that the RNS re Andrew Darke departing hasn't helped: Https://www.investegate.co.uk/assura-plc--agr-/rns/directorate-change/201710031501555899S/ The absurdly generous VCP set up in 2013 within which Andrew Darke was one of the major beneficiaries has no doubt provided him with the financial freedom to do something different in his working life!
hyperboreus
23/10/2017
17:45
Why the decline today? Any ideas? z
zeppo
07/10/2017
10:18
jonwig Thank you for the updates. A healthy investment? z
zeppo
03/10/2017
05:27
Citywire: Healthcare real estate investment trust (Reit) Assura (AGRP) is ‘well placed’ for gradual improvement in rents but the scope will be limited by interest rate risk, says Liberum. Analyst David Brockton retained his ‘buy’ recommendation and target price of 68p on the stock after a pre-close trading update showed ‘steady improvement in rental growth comfortably on track for [the] full-year forecast’. The shares rose 2.1% to 64p yesterday. ‘We continue to believe Assura remains well placed for some further gradual improvement in rental growth, as short-term inflationary pressure prompts increase for 28% of the group’s leases inked to the retail price index and some resurgence in new development approvals provides evidence of current land and build costs which can be used to price open market rent reviews,’ he said.
jonwig
02/10/2017
06:32
Trading statement. Properties mentioned seem to be prime, judging by passing rents (4.7% to 5.0% and decent unexpired lease length) unless there's been some yield compression since the last financial year. https://www.investegate.co.uk/assura-plc/rns/trading-update/201710020700053343S/
jonwig
25/8/2017
16:16
If Assura appoints a second broker, that suggests it will be the biter not the bitten!
jonwig
25/8/2017
09:51
SP jump suggests possible placing I think.
bscuit
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