Assura Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9227030 http://bit.ly/yTh9d8 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=9227030&action=detail Mon, 30 Jan 2012 17:41:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9042421 Now they want some more not long after the first issue ( of 40 each ) and even before the closing date Dec 16th the share price has retreated to 33.5p.
I am in two minds whether to subscribe or not considering that one of the biggest care home company is in dread and in the jaws of Administration. By Rby ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=9042421&action=detail Wed, 07 Dec 2011 14:49:00 GMT Rby tag:iii.co.uk,2003:tst.9003169 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=9003169&action=detail Mon, 28 Nov 2011 11:21:00 GMT albo_1960 tag:iii.co.uk,2003:tst.8451747 By Nikhil Kumar
Monday, 27 June 2011
http://www.independent.co.uk/news/business/sharewatch/small-talk-pharmacy-sale-highlights-assuras-property-focus-2303323.html


Last week marked another step in Assura's evolution into what is essentially a property company. It sold off its pharmacy business for nearly £40m, leaving management free to focus on the group's health property development and investment activities.

The change has been swift, with three major deals to this end over the last 15 months, and now Assura boasts property assets worth over £500m. They are made up of more than 160 medical centres, valued at the end of March at more than £470m, against £334.3m last year.

The growing emphasis on property was behind the group's acquisition earlier this year of AH Medical Properties, which brought more than 50 properties into the Assura fold. Before that, the group distanced itself from the healthcare trade by selling its stake in its medical services business to Virgin Healthcare in March last year.

The shift leaves it well-placed to capitalise on the drive to reform the way the National Health Service works. Although the precise changes remain mired in political uncertainty, Assura is in a good position with well-equipped and purpose-built properties that can house doctors. Besides the main business of new developments, Assura also buys up existing surgeries, freeing doctors from ownership and releasing capital, and then leases them back to GPs, who retain control over the practice.

The company also provides some facilities-management services, looking after the day-to-day running of the building, with assistance for maintenance and repairs. It also helps out with refurbishment and, where required, extensions, although this is not the main focus.

The City seems pleased with the change in emphasis. Weighing in after last week's deal and full-year results, Investec analysts said the fact that Assura was now a "clean property company" made it "hard to see why it should trade at a more than 30 per cent discount to pro forma net asset values".

And though the group is still working on the possible disposal of its consultancy business, Investec said the arm "looks to have performed well... which should help any ongoing process".

As for the main property activities, things seem to be going well, according to the broker. "The property division has had a good year, with valuations holding up and Assura enjoying a particularly strong year for rent reviews (up 5.6 per cent on average or 4.3 per cent on a weighted average)," Investec said. "This drove an £8.5m revaluation gain. Rent reviews since the year end have been at a similar level." By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=8451747&action=detail Mon, 27 Jun 2011 07:44:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8429628 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=8429628&action=detail Wed, 22 Jun 2011 10:09:00 GMT dave297 tag:iii.co.uk,2003:tst.8427977 21/06/2011 Miles Nolan
http://www.growthcompany.co.uk/recommendations/1632088/assura.thtml


GP surgery owner Assura (AGR) has decvided to go back to its roots and focus on medical property, after agreeing to sell its pharmacy outlets to rival Cohens for £39.3m.

The 36 strong chain is profitable and has a pipeline of a further five units but having decided to offload the business Assura has completed a competitive sale process, with the proceeds to be used on more developments and to cut debt. Last year it sold its loss making medical services arm to Virgin Healthcare and recently completed a deal to acquire once AIM quoted AH Medical, a 52 strong medical property portfolio.

In the year to March profits from continuing operations almost trebled to £15.1m (2009: £5.3m) as sales jumped 11% to £62.1m, the dividend has also been reinstated with a total payout of 2.25p. Property assets leapt 44% to £519.6m which translates to NAV of 59.8p - well north of the current share price. In addition Assura boasts that 87% of its rental income is reimbursed by the NHS, a solid backdrop on a rent roll that surged 38% last year to £31.1m.

Assura has a development pipeline of 20 properties valued at £60m, and believes there is plenty of scope to grow. Chief executive Nigel Rawlings says 'with up to 8,000 GP surgeries in the UK the market remains highly fragmented'. With a current portfolio of 162 propertiers, the intention is to expand by acquisitions and new build sites.

Net debt is £322.8m with gearing at 62%, the largest chunk is with Aviva on a long maturity but Assura is considering Eurobonds to tap into more attractive rates. With huge asset backing, a solid dividend and plenty of scope to expand the shares are worth a closer look.

Tags: Main market, Medical property, NHS, Nigel Rawlings, Pharmacy disposal

Sector: Real Estate

Companies: Assura Group

Market cap: £163.8mPE Forecast: n/a
Share price: 40.5p By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=8427977&action=detail Tue, 21 Jun 2011 22:38:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8152517 http://www.stockopedia.co.uk/share-prices/assura-LON:AGR/ saying that the new CEO is improving performance and that AGR is now undervalued compared to Primary Health Properties (PHP) who have led this sector for the last couple of years. This has apparently been done by concentrating on the core business of primary care property development and management. With a NAV of over 60p it appears that AGR should now be on the up By albo_1960 ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=8152517&action=detail Tue, 19 Apr 2011 12:08:00 GMT albo_1960 tag:iii.co.uk,2003:tst.7438076 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=7438076&action=detail Mon, 13 Dec 2010 17:57:00 GMT Badcall tag:iii.co.uk,2003:tst.7438065 The previous high a few years back topped 250p however nuch has changed since then. If we can recover to anywhere near half the previous high it will make ma a happy man ! By Badcall ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=7438065&action=detail Mon, 13 Dec 2010 17:55:00 GMT Badcall tag:iii.co.uk,2003:tst.7308596 23rd November 2010
By James Graham - Business Correspondent
HEALTHCARE property firm Assura Group has more than doubled half-year operating profits, beating management expectations.

The Warrington company, which develops healthcare facilities and runs a chain of 30 pharmacies, said it will reinstate its dividend, paying 1p a share on January 7.

In the six months to September 30 revenue rose 16.3% to £30.7m. It made an operating profit of £16.6m, up from £7.5m, but finance charges reduced this figure to £9.5m.

After taking into account unrealised liabilities of £20.8m on revalued interest rate swaps with three banks Assura was left with a half-year pre-tax loss of £11.3m.

In its property division the rent roll increased by 4% to £23.4m and rental growth continued to increase with the company conducting 27 rent reviews producing an annualised increase of 5.49%, or an additional £245,000 a year. Assura also completed two medical centre developments in the period with a value of £10.9m.

The pharmacy division had a "strong" half with an operating profit of £1.4m on sales of £16.8m.

Chief executive Nigel Rawlings said: "This has been a significant period for Assura in which it has delivered a strong increase in both revenues and operating profits. The company has been restructured and streamlined into a more focused business delivering growing revenues and sustainable dividends. We are confident of future growth prospects and pleased to be able to resume dividend payments."

At September 30 the group had cash of £35.3m, up from £24.6m in March. Net indebtedness increased from £231.2m to £234.2m although gearing reduced from 57% to 55% during the period. By carlsmillie ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=7308596&action=detail Tue, 23 Nov 2010 08:39:00 GMT carlsmillie tag:iii.co.uk,2003:tst.6245434 By THEFATINVESTOR ]]> http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=6245434&action=detail Thu, 22 Apr 2010 22:44:00 GMT THEFATINVESTOR tag:iii.co.uk,2003:tst.6240910 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=6240910&action=detail Thu, 22 Apr 2010 07:55:00 GMT Badcall tag:iii.co.uk,2003:tst.6006082 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=6006082&action=detail Fri, 26 Feb 2010 21:17:00 GMT Le Paturnie tag:iii.co.uk,2003:tst.6002779 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=6002779&action=detail Fri, 26 Feb 2010 11:22:00 GMT Badcall tag:iii.co.uk,2003:tst.6001830 http://www.iii.co.uk/investment/detail?code=cotn:AGR.L&display=discussion&id=6001830&action=detail Fri, 26 Feb 2010 09:24:00 GMT Badcall