Bought a few today as it seems to be on the road to recovery after a rocky time. Directors bought in at 13p on 9th September. dyor etc.
www.ashleyhouseplc.com

Nice finish today - long term chart from 2009 says this has a lot of mileage left in the next six to twelve months as a recovery play.

Buyers paying over the offer price again - following on from yesterday. Chart looks very promising.

Nice little intraday reversal starting now, looks ready for the next leg-up.

Interim report 2013
RNS
RNS Number : 1039V
Ashley House PLC
10 December 2013







Ashley House plc

Interim report 2013





Ashley House plc ("Ashley House" or the "Company") the health and community care property partner today announces its interim results for the six months ended 31 October 2013.



Highlights

Six months ended 31 October 2013



"The Board is pleased that we have started to build momentum in our new business areas and expects these schemes to further progress through the pipeline to enable the Company to meet its market expectations. This will support the continued recovery of the Company in the medium term."

Christopher Lyons, Chairman





Operational

• Four bid wins in the last six months with an expected scheme value of £22.9m

• Four schemes currently on site with others expected to commence shortly (2012: four)

• Total forward pipeline, on-site or appointed of £103.3m of scheme value yet to be recognised (June 2013: £85.1m; December 2012: £71.3m) (including construction which will not always come through as Ashley House revenue)

• Momentum building in new business with Extra Care pipeline (on-site or appointed) of £62.7m up 46% from the amount disclosed in June 2013



Financial

• Revenue of £5.5m (2012: £7.2m)

• EBITDA of £0.02m (2012: £0.5m)

• Loss before taxation £0.8m (2012: £0.5m)

• Net assets of £18.9m (2012: £17.9m)

• Net debt £1.2m (2012: £2.2m)

• £4m of tax losses to be carried forward

"WH Ireland hoisted their price target on shares of Ashley House (LON:ASH) from GBX 20p ($0.33) to GBX 32p ($0.52) in a research note issued on Tuesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. WH Ireland’s target price would indicate a potential upside of 23.55% from the stock’s previous close."

Progress update & Posting of Interim report
RNS
RNS Number : 0661X
Ashley House PLC
07 January 2014





7 January 2014









Ashley House plc

(the "Company")



Progress update & Posting of Interim report



Ashley House plc, the health and community care property partner is pleased to announce that the LIFT scheme at Eltham, where the Company has acted as Development Partner to the Bromley Bexley and Greenwich LIFT company, has reached financial close. This has provided a significant cash inflow into the business with payment of the Company's fees.

The scheme in Eltham is a Community Hospital that will house two GP practices serving the needs of almost 16,000 patients. There will be a GP walk-in service and diagnostic suites that will give GPs and other health professionals access to equipment including ECG, non-obstetric ultrasound, echocardiogram and x-ray. There will be 40 intermediary care beds, out-patient consulting rooms with the capacity to treat around 32,000 people per year, as well as a minor surgery suite to deliver up to 1,500 low complexity procedures per year. A variety of community services will also be relocated to the hospital, such as mental health, community nursing, physiotherapy and paediatric departments enabling the facility to serve the health and well-being needs of thousands of local people in Eltham and Greenwich.


The Company has also received part payment of monies owed relating to a LIFT scheme previously aborted by the NHS in the Midlands and is close to agreeing the final payment. We shall update the market when this is fully received.

These two receipts, which will be in excess of £3m, mean the Company has cleared all items of accrued income or outstanding payment from its balance sheet that were significantly impacted by the abolition of the PCTs.

Ashley House plc also announces that its interim report for the six months ended 31 October 2013 has been posted to shareholders.

Copies of the interim report can also be obtained from the registered offices of the Company at 6 Cliveden Office Village, Lancaster Road, Cressex Business Park, High Wycombe HP12 3YZ. A PDF version is also available to download from the Company's website at www.ashleyhouseplc.com.

Tipped somewhere today I believe and a nice bowl forming on the chart.

Tipped by Faraday Research this morning, hence the reason for the sudden share spike.

Fallen flat on its face again.

Trading Update
RNS
RNS Number : 6652D
Ashley House PLC
01 April 2014





1 April 2014







Ashley House plc



Trading Update





Ashley House plc ("Ashley House" or the "Company") the health and community care property partner provides a trading update.



Our updates over the last few months have stated that in order to reach market expectations for profits in the financial year ending 30 April 2014, the Company would need to achieve planning and exchange legal contracts on four out of six extra care schemes.



Planning remains likely to be achieved on enough schemes in the required timescale. However, completing legal agreements with prospective tenants and purchasers is proving slower than anticipated. We continue to have very positive discussions around appropriate funding structures with both Registered Provider tenants and funders, but whilst we remain confident that all six schemes will successfully close, we are no longer confident that, without compromising our commercial position in order to accelerate completions, they will do so before our financial year end. It is therefore likely that the Company will not make a profit in the current financial year. The profits attributable to schemes that do not close prior to year end, are accordingly likely to contribute to profitability in 2014/15.

After recent discussions with some significant shareholders, the Board reaffirms its preference to take the necessary time to achieve strong commercial agreements with the right structure rather than press for completion at the expense of longer term shareholder value.

The Board is very positive about the value being created in the extra care market. Over the last few months the Company has opened discussions with a number of institutional funders looking to provide long term capital for the schemes it produces. This has led to receipt of indicative project funding proposals which the Board is now exploring. It is possible that the delay in closing some of these schemes may allow some of them to be funded this way which could enhance value.

The Board will continue to provide updates of progress with trading and the evolving funding strategy as appropriate.

Separately, the Company can confirm that it has agreed to drawdown a further £1.5m development finance from a facility managed by Rockpool Investments LLP in support of Ashley House's development strategy.

StockMarketWire.com
Health and community care property partner Ashley House swung into the black in the year to the end of April with a pre-tax profit of £241,000 against a loss of £11,886,000 last time.

Revenues increased by 147% to £20,737,000 (2015: £8,384,000) and the group made a g ross profit of £4,793,000 (2015: gross loss £216,000).

The group reports an adjusted PBT (profit before tax, depreciation, impairment and other operating income) of £1,160,000 (2015: adjusted loss before tax of £4,241,000).