Asfare Share Discussion Threads

[egoi] 02/5/2007 11:19

Started a new thread under the ASTO ticker.

[tom.muir] 20/4/2007 10:38

Tipped in IC today

[egoi] 17/4/2007 12:50

I could change the charts (only the thread starter can apparently); but I can't change the thread epic, and therefore it'll only show ASF charts - Catch22!

Still some buyers at this level, though I wouldn't be surprised to see consolidation before an attempt at 200p.

[tom.muir] 13/4/2007 14:21

Nothing in IC today.
Its been a brilliant one for me. Started buying in Sept at 90p so doubled my money already and hopefully a lot further to go yet.

[egoi] 13/4/2007 11:42

Good not to be alone!
I think it was a cracking deal Tom, most bb punters only focused on the part of the placing at 145p and I don't think understood what else was on offer. Quite a few buys this morning - wonder if IC said something?

[tom.muir] 12/4/2007 16:49

I'm still in. Just watching the price go up and wondering why. lol. Not complaining though

[egoi] 12/4/2007 15:30

Yes Jock, TDW have it as as Assetco in my account but even now showing as ASF!

Going very nicely - am I the only one left??

[verulamium] 30/3/2007 11:20

ASF are now ASTO, as of today. Glad to be out. Will keep an eye on them until things become clearer.

[tom.muir] 09/3/2007 14:17

IC today says it looks a good deal. However I wonder how closely they looked at the 220 page document that was sent out this week. I ask because they say that AssetCo is talking to 57 fire authorities. In fact the prospectus says that there are 57 authorities in the UK and they are talking to ten of them. It still looks a good deal to me though and I am very happy to stay in. Tom

[egoi] 09/3/2007 12:14

Wonder if the deal will get some weekend press - well deserving of it imho; moving up again, away from the 145p mentioned in the document.

interesting how sellers were absorbed on 'day one' and smaller buying has subsequently moved the shares higher - bigger buyer in the background?

[jockblue] 08/3/2007 10:47

daunker - your point about the management is a good one. Unfortunately, it would seem that all of the main board of ASF will be departing and leaving it to the Assetco guys. They may well be good as well, but obviously to us they are an unknown quantity at this stage.

[cb7] 08/3/2007 08:18

daunker... there will be 67m shares in total, so at £1.50, mkt cap will be 100m

[daunker] 07/3/2007 20:57

The takeover is for £80.2 million I thought, using your 4.3 figure, that gives them a historic p/e of 18.6. With acquisitions management is key, and Asfare have consistently shown both prudence and foresight, as well as value in selecting companies to acquire. They have also shown considerable skill in their integration. This is obviously much more ambitious but is something that will really (imo) propel the company to much much greater things than could have otherwise been achieved.

[cb7] 06/3/2007 16:29

egoi.. the 6.2m that was quoted was pre-tax, eps is based on post-tax figure, lets say 4.3m, which puts them on a p/e nearer 23. If it was only 16, then I would have stayed!

[egoi] 06/3/2007 10:46

All i was hoping to promote was a full discussion which after the last three or four posts is beginning to emerge. Agreed liars, and I don't know why thisisme felt unable to handle an alternative view!

Still at least the rest of us can move on. There's a lot worthy of discussion imho on both sides but as I said I am overall positive otherwise I'd be out.

CB7's figures suggest a historic p/e of 16 and given recent growth from both companies I think that is a snip on these figures as continued growth should see those numbers quickly left behind.

I do like it, target for me of around 250p, which was my initial three year target for ASF at the start of this thread last August, (when it was undr 80p) but after the last results I wasn't sure they could achieve it.

Now I think it will be surpassed and in a shorter timeframe. Nice.

Until now I was happy to hold my remaining shares. now back on my 'add' list.

[liarspoker] 06/3/2007 10:37

I agree - don't let it become personal guys. Two opposing views are great, after all - it's what makes a market. :O)

[gepetto] 06/3/2007 10:37

As I am unable to understand the deal fully, I am out, too. It certainly has moved the Co. out of my investment strategy.

[cb7] 06/3/2007 10:29

I can see both sides of the arguement guys... at first it seems a clear non earnings enhancing deal. 67m shares @ 1.50 = 100m mkt cap, with pre-tax of only 6.2m... doesnt look a good deal.... However, both companies are moving in the right direction, so this coming year may be good. And support service companies, assuming it is classified as such, are often highly rated. So the future may be bright, but the future isnt clear and so not only is the jury out, but I'm out too!

[geovest] 06/3/2007 10:17

Don't get personal guys. Everyone is entitled to their own views and opinions.

[egoi] 06/3/2007 10:10

Emotionally dependent, oh dear you truly are naive thisisme; i sold half my ASF after results because I was slightly disappointed. I do not get attached - infact my ruthlessness cost me, because the shares are now higher. I always sell or reduce on bad news.

Too many other good stories out there competing for my money.

Filter by all means if you 'can't handle an adult, sensible debate'. No worries. -:)

IMHO this is a good deal; if I felt otherwise I would have sold (as I have more than doubled my money on this already, in a matter of months, since I flagged it up on here, I would have been very happy to say thanks and goodbye).

Hope you made money out of my suggestion thisisme. -:)

[geovest] 06/3/2007 10:07

You mean unlike those trying to talk it up ;-)

[this_is_me] 06/3/2007 10:07

egoi you are obviously one of these fools who become emotionally dependent on their holdings and can't see what is going on. Since your thoughts are of no use will filter you so that I will not be influenced be your emotional attachments in future.


My dealings have yet to show.

Goodbye Geovest.