Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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people getting in ahead of month end - or there abouts - update I guess...I have reasonably high expectations of this update being a strong one and if it is there is plenty of room in the current share price for a nice rerate imho..
Not long now.. here's hoping !
Exactly. Could be plenty more where that came from.....
Excellent news. This will be the way forward as excess outside retail space gets eaten up and sectioned off.
Ashley House subsidiary F1M Modular constructs a new Greggs store in just four weeks.
https://f1modular.co.uk/greggs-modular-time-lapse-installation-film/
F1M operates in retail (as above example), education, healthcare, hotels etc and is expected to become profitable in current financial year. All part of ASH diversification strategy.
A few more in advance of results due later this month.
Welcome, and if I may say so, a shrewd decision and you’ve got a good price. Are they all your buys?
Just dipped my toe. Fingers cross!
Valuation here is ridiculously low. At some point the market will wake up to this and it will get somewhere near true value.
DYOR
Some nibbly buying here over past few days.
I fully expect a rerating here in the next few months, or even possibly weeks. This is just too undervalued on fundamentals and future growth prospects.
20p would not be expensive short term.
This is a rare buy in this market. Should be no impact from Brexit. Change of current govt policy highly favourable. A Labour govt would be even more positive with the reliance on public sector. I see this as a good each way bet with good fundamentals, a positive outlook. It’s basically a govt backed yield. This company is cash generative. Has no history of cash calls. Has no need to fund raise. Is rapidly reducing debt. Is backed by Morgan Sindell.
DYOR
Anyone go and have any feedback? I reckon yesterday’s positive move in SP was due to Wednesday evenings event.
On the move, at last.
Good post Nice and largely agreed.
Yes a takeover is highly likely within the next 2 years as MS will see, at first hand, what a useful asset they’d be picking up despite its small size relative to theirs.
I'm pretty clear that this is AT LAST now gaining decent business momentum.. but they did struggle for a long time previously and investors are likely cautious on this share off the back of that...also they were struggling particularly badly in 2017 while the government with paper consultation went endless on .. and so the balance sheet will take a bit more time to seriously strengthen up again - MS JV payment helped granted but growing revenues over many months from on the ground implementations required to give real confidence - off the back of years of smart accounting /private loans etc to keep it from looking truly awful.. and hence the s/p is slow to motor on.. but hopefully it does move meaningfully up soon
If it stays at low/ very low levels - eg 10p to15p range - well into 2019 and these guys deliver clear and growing nett profit thru this year and into next - like we're now expecting - then maybe ASH will get taken over.. eg Morgan Sindall to buy it out on the cheap a distinct possibility in my mind.. but that would still be at a very good premium to todays 12.5p.. not ideal - as this could get to 30p plus in coming few years easily enough in my mind - but 20p would be more than double my money for eg...
Despite a £21.69k sell and a few others Last week I can still sell in quantity @ 12.05p this morning. Another order being filled? Can’t help feeling this is a fantastic chance to get in and/or top up here.
We know that Morgan Ashley is pushing forward and F1 Modular seems to be doing very well now - and turning a profit this financial year.
If you look at EPS, PE, whatever metric you use this looks cheap..
Yes I most certainly do too. Interesting that despite mainly red, sells, the bid is actually creeping up. That may mean that a (buy) order(s) are being filled in the background. Whatever, I see a bright future here and the long term chart IS in an uptrend.
Perhaps It’s just you and me Dibs.. a long long tunnel .. but I see some light
Down 3.77% today 12.75p. Is it just me or is this one of those absurd market anomalies in terms of undervaluation??
DYOR
ASH is a very off the radar stock and probably would be seen by some as boring. But often 'boring' stocks are the ones that really deliver. Speaking of delivering in the y/e 30.4.18 the company reported EPS of 2.93p. This puts the company on a historical PE of 4.5 (13.25/2.93)
I havent got a brokers forecast for 2019 but given this is a growth company in a transformational phase due to the lifting of the LHA Cap it seems to me this is very cheap and the market has not cottoned on fully to how cheap it is.
Their 50% JV with Morgan Sindell enables ASH to now fully execute on their £200m pipeline.
Furthermore the company have also gone on record to say that its 76% owned subsidiary F1 Modular will contribute to profits this year for the first time (having been previously loss making).
If we don't get a rerating this side of Christmas I am pretty sure it will come by the time of the interim results announcement in January. I reckon it could hit 20p+ by end Jan 2019 giving more than a 50% return on the current SP.
For holders this is a firm HOLD and I will be looking to add more as and when I am able to.
Broker to the company - absolutely useless. About as much use as a chocolate teapot. This company has excellent growth prospects but you'd never think so! So it has a 'forced' seller as it were so find a buyer for the holders shares. Its a very good growth story!
Probably Mrs Moy. Annoying really because selling not on fundamentals - which are increasingly positive.
Isn't this what brokers are for, to find a buyer or a seller for stock?? Surely the case for buying this stock is strong enough.
Draft - what evidence do you have that Mr Moy's widow is a seller?
Here by lunchtime
bet she sells out and her husband. all my opinion. id rather wait for her to sell out before buying
Great results. Very strong buy at this level