Assura Share Discussion Threads

[zeppo] 17/8/2017 13:45

Aberdeen appear to have increased their holding substantial holding.

z

[jonwig] 29/6/2017 14:50

Hyperb - they said in their latest FY results:

As a REIT with the requirement to distribute 90% of taxable profits, the Group expects to pay out as dividends at least 90% of recurring cash profits. All dividends paid during the year were normal dividends (non-PID) with an associated tax credit, as a result of brought forward tax losses and available capital allowances. It is expected that some proportion of dividends paid out in the 2017/18 financial year will need to include a PID element.

So as their rental income grows, they'll legally have to pay out more as a PID, but could well pay less as an ordinary (retain profits for expansion). They're a bit vague in their narrative.

[hyperboreus] 29/6/2017 13:56

Liberum increased target price to 68p post recent successful placing, bodes well for an increase in the dividend later this year 😁

[hyperboreus] 22/6/2017 10:25

This placing has gone down seriously well with some big boys getting a piece of the action :o)

[hyperboreus] 20/6/2017 19:54

Agree jonwing, in fact it was significantly oversubscribed:

"There is significant support across the UK political spectrum for further investment in primary care premises, and Assura is well placed to help plans become reality in a market that is in critical need of investment. We are pleased with the investor interest in this placement, which was significantly oversubscribed, and this allows us to build on our leading position in the sector by taking advantage of the opportunities in the market while also maintaining a strong balance sheet."

[jonwig] 20/6/2017 19:33

The placing was fully subscribed at 60p, a strong vote of confidence in the company.

[bscuit] 20/6/2017 11:26

lol--- crawling back into my box...

[jonwig] 20/6/2017 11:19

Mmmm ... they had one in 2015 - a much larger fundraise. They can issue up to (?) 15% of existing shares without applying pre-emption rights - was voted on at the AGM. This is under 10% so it's above board.

It's very expensive to make an open offer: you need a prospectus, a lot of time and a lot of admin work. This way, a few phone calls is all it takes, and the job will be finished by Thursday. This also gives us an indication of how much demand there is: full take up at 58-60p would be pretty encouraging.

Incidentally, this is standard practice amongst property companies and infrastructure funds. We just have to live with it!

[bscuit] 20/6/2017 10:48

The lack of an Open Offer is annoying and treats small supporters badly.

[zeppo] 14/6/2017 14:15

Lively few days.

z

[hyperboreus] 31/5/2017 11:04

.....share price clearly in overbought territory now but good fun while it lasts! 😂

[hyperboreus] 31/5/2017 10:59

Liberum Capital upped their target price on 24 May 17 from 60p to 66p but the real reason has to be all the noise regarding Health and Social Care policy in the respective manifestos of the main parties.

Worth a read if you haven't already seen it:

[jonwig] 31/5/2017 10:05

IC covered the sector and other property sectors last week - positive evaluation.

[hiddendepths] 31/5/2017 09:44

Breaking out? Decent volume and looking strong. No idea why!

This is one of my boring long term positions, or so I thought!

[zeppo] 22/5/2017 10:11

This share price is often up and down like a bride's nighty, in each day's trading.

Day traders?

Or is it possibly an institutional investor gradually unloading each time the price rises?

One appears to have reduced from 20% down to 16%, in stages.

Tomorrow the Full Year figures are due.



z

[hyperboreus] 26/4/2017 13:56

No doubt in the lead up to the General Election the NHS is certainly going to be at the forefront of much debate and discussion:







The "Young Ones" certainly seem keen to get the Assura message across

[hyperboreus] 06/4/2017 17:39

Share price showing a bit of strength of late no doubt due to all the noise emanating from NHS England & Lords Select Committee recently:







You cannot fault Murphy & Drake for banging their 'Assura Drum Investment Case'

[hyperboreus] 17/3/2017 14:57

Snippet from AGR website:

[hyperboreus] 17/3/2017 14:32

Odd spike in the share price after going ex-div today

[winsome147] 01/2/2017 13:51

Couldn't resist topping up with some spare cash. I guess this is the next best thing to govt bonds, paying a higher div. Low debt and secured rent from the govt make it hard to beat as a safe haven.

Given that inflation is set to rise sharply next few years and much of Assura's rent is inflation linked then the targeted 10% rise in divs pa should be easy to achieve. That puts the yield at 7.25% in 5 yrs time and if interest rates don't rise much in the meantime then I'd expect a share price closer to 75p by then.

[jonwig] 01/2/2017 07:10

Trading statement confirms good progress:



Yield now 4.6%.

[shauney2] 30/1/2017 16:41

I have a long term holding but added a few today.Its been stuck in tight range for the last 2 to 3 years.I have added a few times around 52p then sell as they approach 60p
It pays the beer money.

Should have an update in the next week or so.

[winsome147] 30/1/2017 15:23

Yes, I've held these since 33p and topped up three or four times. Got some more last week at 55.7p but now they've broke through the bottom of their trading range. Surely bargain territory now. Stock overhang or something. But then PHP is following. Seems a bit odd.

[jonwig] 30/1/2017 14:51

winsome - their last statement was very positive, and if others in the sector are also droopy I wouldn't worry. NAV premiums were a bit high, in any case.

HMG wants GP to make a bigger contribution, taking the heat off A&E. They also want to train and recruit more GPs. If these policies succeed GP will become a key sector for NHS improvement, and expanded or upgraded properties. Of course, 'stuff happens'.

A prospective yield of about 4.3% looks attractive.