Needle moving action has been spotted in Ashley House PLC (ASH.L) as shares are moving today on volatility -2.04% or $-0.14 from the open. The LSE listed company saw a recent bid of 6.73 and 289425 shares have traded hands in the session.
Now lets take a look at how the fundamentals are stacking up for Ashley House PLC (ASH.L). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Ashley House PLC currently has a yearly EPS of 1.30. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis.
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. Ashley House PLC (ASH.L) currently has Return on Equity of 18.70. ROE is a ratio that measures profits generated from the investments received from shareholders.
In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. A company with high ROE typically reflects well on management and how well a company is run at a high level. A firm with a lower ROE might encourage potential investors to dig further to see why profits arent being generated from shareholder money.
Another ratio we can look at is the Return on Invested Capital or more commonly referred to as ROIC. Ashley House PLC (ASH.L) has a current ROIC of 14.79. ROIC is calculated by dividing Net Income Dividends by Total Capital Invested.
Similar to ROE, ROIC measures how effectively company management is using invested capital to generate company income. A high ROIC number typically reflects positively on company management while a low number typically reflects the opposite.
Turning to Return on Assets or ROA, Ashley House PLC (ASH.L) has a current ROA of 6.20. This is a profitability ratio that measures net income generated from total company assets during a given period. This ratio reveals how quick a company can turn its assets into profits. In other words, the ratio provides insight into the profitability of a firms assets. The ratio is calculated by dividing total net income by the average total assets.
A higher ROA compared to peers in the same industry, would suggest that company management is able to effectively generate profits from their assets. Similar to the other ratios, a lower number might raise red flags about managements ability when compared to other companies in a similar sector.
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Yes well that note plus the renewal of the agreement with housebuilder yesterday, has really put a rocket under it eh??
No buys since 28th april, yawn.... nothing to see here...wake me up in 6 months....
"We expect the LED lighting market to remain characterised by a combination of strong growth and price-relative competition. In this context PhotonStars core HalcyonTM offering - featuring retrofit, behavioural circadian lighting and intelligent lighting management - has the potential to position the Group in a value-added niche for managed systems that are increasingly in demand."
...yesterday, £10k and £30k. A reasonable amount to throw in the pot tho this may be their participation in the placing...?
I hope the cash does indeed get them thro to some orders and being cash generative else its curtains...
Agree on precarious but I am also optimistic, to the extent I had bought some!
They have commercial products and I believe that it is regarded well and is being bought. Whether it is going to be sold in such numbers to transform the business into a major player is unlikely but I like the fact that they appear to have a large number of key patents in the LED space.
The IoT capability is very interesting turn and one in which could deliver long awaited for value upgrade. Historically they have been working with ARM (haven't heard anything recently) and now with IBM - they must have something of interest to these giants?
I agree with your comments regarding the Company looking to go State side. However, in the short term, the future is still very precarious, as reflected in the number of sells and the current share price.
Thought I would be responsible for a couple of buys - doing a bit more digging around on this as I think it is time that this company should be re categorised - ideally I think it should look at a US listing - but needs to do a something to get things moving first. If listed State side this would be 10x, and then some, the current price.
Yes it seems that they've got a lot riding on the Halcyon product. Unfortunately no orders for it yet so despite the encouraging RNS's i do worry that the future might not be so bright!
Guess this year is crucial ...place your bets....!
I was thinking of the ESOS - I was sent the very threatening looking email sometime ago and was very relieved to work out that my business need not do anything - but I can only assume the likes of RBS have no choice but to do a full audit right across their whole estate? I am trying to find out what it costs a business if they don't do well or improve?
I spoke with their marketing dept recently and it seems the Halcyon product is now being targeted at the commercial market as a building management solution.
Hopefully by focusing their efforts on this one niche they are more likely to be successful.
Ash666 what audit requirements do you refer to? The RBS initiative is called "Go Green" and this looks like it's linked to a wider "Bristol Go Green Challenge", did this energy saving drive start off from the Energy Savings Opportunity Scheme Regulations 2014 ?
This is a useful link to read about the Bristol scheme;
Just been looking at the last RNS on RBS and feel that this could be a part of the new start? RBS seem to have over 700 branches and presumably will get caught up in the new energy audit requirements and the need to reduce CO2 - not my area of expertise - is anyone out there who is - like to get something rekindled here - been a fan for too long to let this one disappear!
I was hoping to get down there to see the full range of products but hadn't noticed the second day closed at 5pm!
It looks like there was some sort of Dragons Den mock up that they presented at and that went well!
I'm waiting for the firmware upgrade to fix the bugs in the control unit, having spoken to them I know they are making steady progress with this.
With revenues continuing to decrease it looks like the market for their existing products is dwindling, so we are reliant on new revenue being generated by the newly launched HalcyonPro bulbs.
It seems that LIFX had $10m of advanced orders when they launched, we have heard nothing of that ilk from Photonstar.
They recently raised £2m+ so are ok for the time being, but unless we see HalcyonPro turn up in major outlets for the retail or building trades I think it will be curtains for Photonstar and another loss to chalk up to AIM company incompetance. It seems to me that the sales and marketing side of this company are not earning their salaries.
The RNS on the 4 June states:
"PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has commenced shipping of its HalcyonTM next generation retrofit home lighting system."
The RNS on the 18 July then elaborates:
"Shipping of Beta-test systems of the HalcyonTM next generation retrofit home lighting system also started in the second quarter."
I wonder what further "clarity" we'll get in the next RNS...
I am delighted that the full story, which we may not hear unless we are being asked directly for a contribution via a rights issue, must be good to be able to pull off such a deal - sadly at low price.
Given that Halcyon (really worthwhile a google on Halcyon and circadian together) has now been developed and is in the final stages of commercial field trials and should be launched generally to the market - the real test will be in two areas:
a) straight forward sales growth (not impressive to date!), and
b) commercialisation of the IP portfolio
Again, given that they have raised circa £2m - one or both of these must be a good story!
I love the price, but based on what aspect of the chart?
I believe they are positioning themselves well with the next generation systems for lighting and other things rather than just lighting - hence why I assume ARM are so interested/helpful in what they are doing.
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