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apologies this is the rest of the details of the DD "Roberts, who is also currently a non-executive director at Balfour Beatty, handed over £450,000 for the shares, which he purchased 30p each. In its most recent results, released at the end of June, Assura reported total property assets of £549m at March 31st, compared to £519m at the same date the previous year."
Graham Roberts, the chief executive officer of Assura Group, the primary health care operator, has bought up 1.5m shares, his only holding in the firm.
http://www.telegraph.co.uk/finance/rate-swap-scandal/9351779/Rate-swap-scandal-FSA-review-to-reveal-evidence-of-serious-misselling.html AGR did incredibly badly (lost £66 million) after entering into an interest rate swap associated with a loan from National Australia Bank. Obviously it depends on the circumstances in which the group entered into this deal but there is the possibility of future compensation following the FSA review.
Just bought in 10k worth at 29p today. The previous management have an awful record but now the future's looking bright after a new chairman and the former finance director of British Land installed as CEO. Legacy finance issues are now sorted out and non-core activities been dumped. Trades at around 25% discount to net assets vs it's sector peers that trade at a premium. I expect this discount to narrow once AGR converts to a REIT, expect the management to announce this after the July Finance Bill when the 2% (of assets) REIT conversion charge is abolished. As a GP, my opinion is that the new commissioning changes putting NHS cash in the hands of GPs is good for growth of community based services and hence such properties. Rents and contracts from such leases far more stable and predictable than elsewhere in the property sector - e.g. shops and offices.
27 Feb 2012, 16:25 Non-executive directors of Warrington-based primary healthcare property landlord Assura Group, have made several acquisitions of shres in the company in the past month. Chairman Simon Laffin, who joined Assura in September 2011 and is also a non-executive director of property company Quintain Estates & Development, bought 698,158 shares in Assura last week at 31.5p and 32p. Assura's share price is close to a 52-week low, having fallen sharply in November when it announced a £33.5m rights issue to pay for the cancellation of an expensive interest rate swap bond deal it had with National Australia Bank. At the end of January, David Richardson, another non-executive director, bought 167,805 ordinary shares at 29.5p. The deals mean both Laffin and Richardson, still only have small stakes in the business - Laffin 0.19% and Richardson 0.03%. Shares in Assura were up 1p to 32p on Monday, compared to a 52-week high of 49p and a 52-week low of 30p.
6:10pm Friday 24th February 2012 PLANS for a £4.7 million health complex in Blaenavon moved a step closer after proposals were submitted to Torfaen council. The official plans for the Blaenavon Primary Care Resource Centre, developed by Cheshire-based Assura Group and its partner LSP Developments, have now been given to the council to consider. The building, on Middle Coedcae Road, would be two or three storeys high, on the site of the former Blaenavon Recreation Centre. www.freepressseries.co.uk/news/9553324.Blaenavon_health_complex_is_a_step_closer/
With the recent directors buys and todays after hours buy of 618,793 & 618,000, i've got to agree with you that decent rise is looking imminent...!
Assura Group Ltd. Buy 20-Feb-12 £24,999.97 Simon T Laffin 79,365 @ 31.50p
182? Code for" need hotpockets "?:P
This is gonna go up.Sea of blue in a red day.Don't say I didn't tell beforehand. Unlike some who only show their hands at 20% gains when it's flattening.
Crime in multi-storey car parks. That is wrong on so many different levels
Welcome mystery buyers,pull up a seat before the rush starts lol.
Who needs excitement? I can come in here,play my own music,sip wine and dance naked to my hearts content,While it ticks up slowly and surely,paying for the fillet mignon,pate foi gras.... and a double decker :)
Brainspark BSP - more excitement lol
WOW.Good news and it's like a tomb in here. At least I can say I was here first. Guess I better put out the chairs and sandwiches :P
Hot off the press :)* 37% increase to £25.3 million in group revenues from continuing operations Intends to resume dividend payments .
Highlights: · Weighted average rental growth of 5.17 per cent per annum, equivalent to £0.2m per annum, from 24 reviews agreed so far this financial year. The weighted average lease length of the portfolio is 16.5 years withover 85% of rents reimbursed by the NHS, 11% of which are RPI linked and the annual rent roll is currently £32.3m. · Total property assets valued at £519.6m at 31 March 2011 with an NAV of £220.1m or 54p per share. · Sale completed of the entire issued share capital of Assura Pharmacy Limited for a total consideration of £39.3m, a significant step in fulfilling the Company's strategic aim of becoming a pure play property company. The Company's FTSE classification is currently under review and Assura expects to be reclassified as a real estate holding and development company at the next FTSE review in September.
http://www.investegate.co.uk/Article.aspx?id=201108150700103299M
shirt
mug
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http://www.investegate.co.uk/Article.aspx?id=201104050700082885E
Assura sees FY ahead of expectations Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - Primary healthcare operator Assura said trading results for the year ended 31 March 2011 were ahead of company expectations following a strong performance from its pharmacy business. Revenue from wholly-owned pharmacies is expected to exceed £33m in the year to 31 March compared to sales of £31m in 2010. However Assura, which recently bought AH Medical Properties, warned that margins had been hit by NHS cutbacks. "As previously reported, margins since 30 September 2010 have been affected by NHS price cuts and further cuts have been announced very recently," it said in a company statement. The group said it hopes to mitigate as much of the impact through further cost savings. It also expects to open a string of new pharmacies in the next 18 months. In addition the primary care centre operator said the sale of its 75% stake in Assura Medical to Virgin Healthcare had resulted in a substantial overhead reduction. Meanwhile Assura's bank facility with National Australia Bank has been reduced to £126m and will be refinanced well ahead of the repayment date of 31 March 2013. Commenting on the group's trading outlook chairman Rodney Baker-Bates said, "Assura is a more focused, leaner and financially stronger business capable of paying dividends and well positioned for further growth." Baker-Bates said he will retire once a suitable successor has been found. CJ
http://www.investegate.co.uk/Article.aspx?id=201102100700099800A As nobody else is on here this is for my records only.
djusted net assets of £198.6m (31 March 2010: £186.5m), equivalent to 64.8p (31 March 2010: 60.9p) per Share