Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Net debt of GBP1.44 billion
And Primary care struggling?
Thoughts welcome.
Did Assura swing into loss just because of the decline in asset? I don't get how earnings are affected by declining asset valuation. What is the outward yield shift?
· EPRA earnings up 12% to £96.8 million (2022: £86.2 million) and EPRA EPS of 3.3p (2022: 3.1p)
· IFRS loss before tax £119.2 million (2022: profit of £155.8 million) and EPS (4.0)p (2022: 5.6p), reflecting valuation decline driven by outward yield shift
8 consecutive down days.
Popped by my surgery this morning, didn't look that it was worth less than it did last week. Property is only ever worth what someone will pay for it, so this latest "valuation" is quite interesting.
(Alliance News) - Assura PLC on Tuesday said it swung to an annual loss, due to a reduced property valuation, but it raised its dividend and remained positive looking forward.
The Warrington, England-based care property investor and developer reported a pretax loss of GBP119.2 million for the financial year that ended March 31 from a profit of GBP155.8 million the year before.
The loss was caused by a revaluation deficit of GBP215.3 million, down from a revaluation gain of GBP69.4 million the previous year. Assura said this sharp valuation movement reflected "the recent unstable macroeconomic background and movement in gilt yields".
This valuation loss resulted in the company's total property return swinging to negative GBP77.3 million in financial 2023 from positive GBP195.9 million in financial 2022. Total property return takes into account valuation movement and net rental income. This was GBP138.0 million, a 9.1% rise from GBP126.5 million the previous year.
Assura had a portfolio of 608 properties at the end of March, down from 645 the previous year. It said these properities served 6.3 million people across the UK.
Assura's portfolio value at March 31 stood at GBP2.74 billion, down 0.5% from GBP2.75 billion a year before.
Diluted net tangible assets per share fell 12% to 53.6 pence per share, versus 60.7p the year prior.
Assura declared a full year dividend of 3.08 pence per share, up 5.1% from 2.93p the year prior.
Looking forward, Assuara noted the challenges facing the construction industry with cost inflation and delays in the supply chain continued to impact it, but said it had a strong immediate pipeline with five schemes at an estimated cost of GBP37.0 million in development.
Chief Executive Officer Jonathan Murphy said: "We are best placed to provide high-quality, sustainable new premises for delivery of health services, to retrofit existing buildings to meet the net zero carbon challenge, partnering with our supply chain to maximise the social value that we create for the communities we operate in and continually evolving our offering through adopting the latest technologies."
Shares in Assura were down 1.2% at 50.80 pence in London on Tuesday.
By Will Neill, Alliance News reporter
Yes you can ( hold a REIT) in your ISA and it is best if you do!
Thanks Adv11. They are normally really good. I'll keep an eye out.
Got mine on the day, although waiting for several others.
Payment date was 12.04.23. Has anyone else not received a dividend payment? Thanks.
Can I hold a REIT in my ISA?
Importantly, REIT shares can be held within a SIPP or ISA where the PID will be paid gross and higher rate taxpayers and additional rate taxpayers will not be liable to further tax.
I hold Assura in my ISA you do not have taxed deducted from the dividends in the ISA wrapper regardless of dividend or PID in a normal investment account you would . Holding this share long term in my dividend income portfolio as well as PHP and THRL .
#softcell, roofer61
Thanks for your info.
I've now been informed that the regulations oblige REITs to distribute at least 90% of their "exempt rental income" as PID, which is subject to withholding tax. That is a significant inconvenience because although basic rate tax payers have no further liability, higher rate and additional rate payers need to declare the PID and are liable for tax at the relevant rate (i.e. another 20% or 25%). Similarly, those with no taxable income because of allowances will have to claim the withholding tax back from HMRC.
Makes me wonder whether this faffing about with REITs is worth it!
AGR straight dividend on my last payment
Dram....I've recently purchased Agr since last Sept , just checked last Dividend payment, no tax was taken off with Iweb , cash payment was .0078p.... atb
I'm not yet in AGR but am considering changing from PHP.
I see that last May, Quizzer was concerned about an apparent 20% tax deduction on expected dividend payment. I was similarly surprised by a deduction on PHP, which I discovered was because the payment was a Property Income Distribution (PID), not a dividend, which is classed akin to income and so is taxed as income not a dividend.
Can shareholders kindly confirm that they receive only dividends and not PIDs from AGR?
Many thanks.
How would Assura, or any other property stock for that matter, fare in a residential or commercial property downturn?
Assura has a share of debt secured on its properties. Will they be able to secure good deal in re-financing in such environment? Maturity period of loans is about 7.5 years and currently, interest payment is around 2.5%. Not overly concerned but putting the question out there.
55.9p today so all's well and inflation will drop steadily no-one will ring a bell
Yes the income here is recession proof , but the issue is what margin over the risk free rate or bond yields is necessary to compensate holding risk assets? I’ve sold all my bond proxies for now but looking at buying back when the yield is 6-7%, or when interest rate expectations start falling.
Surely healthcare is recession proof, this yields 5.7% at 50.5p
its a strong hold or buy from me but what do i know!
Its recession fears old boy....markets spooking, took a few ....but missed dividend date .....tally-ho must dash now.....ATB
Am I missing something,why are we tumbling like a stone?
Quizer
Best bet just contact Taxman n explain the situation, i guessing you have already veiwed Gov.uk :Tax on Dividends , n checked out the your circumstances
Yes that's what I got at the last payment but only £244 this time.divis are tax free up to 2 grand so I can't understand what's gone wrong
Quizer
I calculate on that number of shares your dividend payment should be £305.07
No my shares aren't in an isa,the divi is just gets sent to my interactive investor account.However I know that you can have 2 grand a year ofdividends before you pay tax on them and I was nowhere near that. Would hrmc have taken that automatically,do you know and is it them I should contact?