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

Good summary of the current state of play from First_things on another bulletin board;

They have just started construction of 60 Extra Care flats in Grimsby.
hxxp://www.thisisgrimsby.co.uk/Extra-care-elderly-new-flats-built/story-19512307-detail/story.html#axzz2fiCMraCK

Trading update, May 2013
“We have made good progress in Extra Care. In the year to 30 April 2012 we reached financial close on 27 homes. In the year to 30 April 2013 we reached financial close on 60 homes and in the year to 30 April 2014 we expect further significant growth. This expectation is supported by the signature of a Development Agreement with Nottinghamshire County Council (NCC) to deliver over 200 homes for the over 55s. NCC will invest over £4m of a total project value in excess of £20m. In addition the Company has signed a Joint Venture Agreement in the North East to deliver 300 homes over 3 to 5 years.

Preliminary result, June 2013
"We announced on 10 May that the Company had recently won two contracts in our Extra Care business. The first with Nottinghamshire County Council is to deliver over 200 homes for the over 55s and the second is a joint venture agreement to deliver 300 homes over three to five years in the north east. This has meant that our pipeline has grown to GBP295m as analysed in the Business review section."

Steady buying today @17.45p - same as yesterday, sp looks ready to tick up.

Large seller out of the way - and the expected tick up.

On the steady march again today. Is that a bowl forming on the chart? :-)

There's a shortage of stock here, it's difficult to buy any except than over the asking price.

http://www.telegraph.co.uk/women/womens-life/10338618/It-shouldnt-be-this-hard-to-care-for-my-elderly-parents.html

Share Options
RNS
RNS Number : 3015P
Ashley House PLC
30 September 2013







30 September 2013



Ashley House plc (the "Company")



Share Options



At the Company's AGM in September, shareholders voted to approve the Management Incentive plan. Following this approval, the Remuneration Committee of the Company has now formally completed implementing the first part of the scheme and accordingly, the Company announces that the share option element of the scheme has been enacted today.

Under the scheme the Company has granted share options to current executive Directors and members of senior management in respect of 5,225,000 ordinary shares, representing 8.92% of the current issued share capital of the Company.

The options granted to the Executive Directors are as follows:



Name
Position
Number of shares under option

Jonathan Holmes
Chief Executive
1,100,000

Antony Walters
Finance Director
1,000,000

Richard Darch
Executive Director
1,000,000

Total


3,100,000




The remaining 2,125,000 share options have been granted to senior management of the Company.



The options, which have an exercise price of 15p (which was approved at the AGM) will not be exercisable unless and until the Company's share price equals or exceeds 37p for a period of at least 20 consecutive working days and upon exercise is at or above the 37p threshold.

The second part of the Management Incentive Plan will be announced in due course.

A couple of large trades this morning have pushed the sp up. Next target now 30p.

£21m plan for 100 homes on site of former Eastwood Primary School


By Nottingham Post | Posted: October 29, 2013

By Alexander Britton

DETAILS of a £21 million development of more than 100 homes in Eastwood have been revealed.

The development is planned for the site of the former Eastwood Primary School, which closed in 2004 and was demolished a year later.

The site at Walker Street has since been derelict but the new plans are for 140 one and two-bedroom apartments and bungalows, including 30 extra-care units reserved for residents who will have their support paid for.

The new development will also have space for communal facilities such as a cafe, hairdressing salon, well-being clinic, fitness room, library and IT studio.

When the scheme was announced, former Eastwood mayor Brian Griffin said: "Anything which will make up the losses we have seen in care for the elderly is a good thing.

"A lot of people in the town couldn't understand when a care home in the town was sold off and demolished.

"We have a lot more elderly people than we used to so they need looking after."

The new homes will replace those lost at the Beauvale Court care home, which was demolished in 2010.

Notts County Council is proposing to invest £2.1m in the scheme, which will also benefit from a £19.2m investment from Ashley House Plc and will be built by Kier Construction.

Residents of the area can find out more about the scheme at a consultation event next Monday.

It takes place between 3pm and 7pm at St Mary's Church, Church Street, Eastwood.

The new development would be similar to Hilton Grange, in West Bridgford, and Moorfield Court, in Southwell.

Yvonne Woodhead, vice-chairman of the county council's adult social care and health committee, said: "We want to increase the choice available to older people needing support and extra-care offers its residents greater independence than traditional residential care with the comfort of on-site care staff."

Jonathan Holmes, chief executive of Ashley House, said: "We are keen to speak to local people to hear their views and discuss what this exciting scheme has to offer."


Read more: http://www.nottinghampost.com/pound-21m-plan-100-homes-site-school/story-20000993-detail/story.html#!#ixzz2j7DmHDZx

Trading update due out soon. Interesting chart.

Next immediate resistance is probably 25p and there is a nice bowl forming on the chart in the header which goes up to the 80p level in 2010.

Impressive.

MMs short of stock here - current offer price quoted as 24.75p and the latest buy of 40k was at 25.25p.

Looks ready to bounce again after the recent dip - some buyers paying above the offer price.

Up and running early this morning and about to have another go at breaking the stubborn 25p resistance level.

Ditto post 16 ! Keeps looking at 25p then retracing again for a short time.

Broken through the 25p resistance at the third attempt and looks ready to fly North now.

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.