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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Asfare | LSE:ASF | London | Ordinary Share | GB0033997387 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 169.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 169.50 | GBX |
Asfare (ASF) Share Charts1 Year Asfare Chart |
|
1 Month Asfare Chart |
Intraday Asfare Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/5/2007 | 11:19 | Asfare - Global Security First - 4 million market cap. | 279 |
| 23/1/2007 | 15:41 | ASFARE charts and news 2007 | 1 |
| 06/3/2006 | 11:00 | Asfare...return to profit and business booming... Ј4m market cap! | 1 |
| 23/1/2006 | 14:52 | Asfare - when will we see your bottom........ | - |
| 22/6/2004 | 08:49 | Asfare climbs up a rung | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 17/4/2007 12:50 by egoi 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. |
Posted at 12/4/2007 15:30 by egoi 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?? |
Posted at 30/3/2007 11:20 by verulamium ASF are now ASTO, as of today. Glad to be out. Will keep an eye on them until things become clearer. |
Posted at 06/3/2007 09:33 by jockblue I think it's a very bold move by ASF. Having once been involved in a reverse takeover, I know from bitter experience that there's a lot of work involved in integrating the two businesses, and at first glance, there seems little synergy other than the customerbase. Clearly ASF shareholders will now be much smaller fish in a bigger pond, and we'll have to wait and see what happens. From being a short to medium term play, this has become LTBH. Perhaps that's why This_is_me feels so aggrieved....fair enough, if you want to dive in for a quick profit based on the immediate share price, then this suddenly isn't going to be the share for you. from skim reading the 31 pages of the RNS, it looks a very good deal, although as Geovest says, it's a takeover by AssetCo in reality. Shame, as the two ASF guys were highly regarded. Cheers jb |
Posted at 06/3/2007 08:39 by egoi This is a fabulous deal. Of course the share price is slightly below the current one, but an 8 million company buying one ten times its size, nothing else could be expected.Cracking ambition and they benefit from the 'reverse' angle. Congrats to Asfare, unlike Geovest, I shall vote very firmly in favour. Biggest deal for a small cap since ASG set up its satellite business |
Posted at 06/3/2007 08:02 by geovest With Assetco CEO and FD taking over, this is clearly Assetco taking over ASF at a discount to current shareprice. The small investor is again sqeezed out. Institutions hold 59%, Management 30%... they get the £20m placing (more than 2x existing holding) at a discount to support the deal and small shareholders get 2 fingers!!!!!!!!!!!!! |
Posted at 29/11/2006 19:00 by andysand I am unsure yet whether to buy back in at some point. I was really dssappointed with the eps figure this morning and even more disappointed to see the property sale not listed as exceptional. This just doesn't seem like a 'fair and true' accounting to me. No doubt it is permitted on AIM but I doubt the main market would allow this.However, despite these misgivings, it does look as if this could be the early days of what could be, in the future, a very successful company. I suspect the share price may be a little too high right now but really, nobody knows what a fair share price is for anything! My gut feeling though is that the share price will now drop back but I have been wrong may times before so who knows? Right now though, I would be prepared to buy back in at 100p or below. Andy |
Posted at 16/11/2006 12:49 by liarspoker Hi Geovest - I always work out my own calculations too. However I am not too sure about my working for ASF. Luckily they are inline with broker forecasts too ( although slightly below ).Basically what I got was: 9/6/06: Order book & sales @ Stg 3m I added Stg 1,513,600 for Collins as growth in the figures was 10% yr on yr so I divided that by 2 for the interims. The maintenance contract I only added Stg 100K for as the Stg 500K is spread over 5 years ( not assuming any increases etc ). For Tod again I added on 10% for the figures. So what I got was: 3,000,000 1,513,600 100,000 1,043,290 ___________ 5,656,890 Then I multiplied this by the FY 2006 margin of 6.38% = Stg 360,909 I divided this by the number of shares and got: 8.02p Multiply that by 2 for the full year and we get 16.5p not taking into account further contract wins. I also left out admin increases, interest (re)payments etc but it's a basic idea. It's a bit long winded but the basic idea is there - I haven't looked at the figures closely enough to narrow it down further. Even if we do 16.5p then on a reasonable multiple on this sort of growth we are looking at a share price of around the 2 Pound mark imo. |
Posted at 08/10/2006 12:49 by egoi Neither Todd nor Collins Youldon, as I mentioned earlier - both profitable acquisitions - have made 12 month contributions (the latter nil). Fair point about tax and pension but tax only 45k last time so not going to be a major factor, unless they make mega bucks, in which case in one sense the more the merrier. No worries re the 2 million atall, whihc I mentioned initially as taking a cautious view to bear in mind, that will only be paid if Todd meet targets, and if they do meet targets that is very Good news for eps. I like the illiquidity, (though I accept some are scared by it, whatever the company but I've held or hold shares in far more illiquid companies such as TOL, TNCI and GSC) decent institutional holders who aren't selling at this level can only mean one thing , more to come. I managed to get 10k shares at lower levels, without too much grief and I am in for the long term. I have always said I think the digital look target too optimistic, but if they even make 10p this year, I'd be very happy at this share price (Collins still won't make a 12 month contribution this year) and they mentioned a record order book earlier this year. I would like to think maybe next year they will make one more acquisition though I admit I don't know what that would be. No company be it BP or ASF has everything rosy in their garden but I can't think of any 5 million market cap company with so many positives as ASF. But Ydderf or anyone, if you know of any others do let us know, without deflecting the thread overly from ASF! |
Posted at 13/8/2006 12:15 by egoi This share is no use to short term punters - or shorters (too nice results for them) - some days doesn't even trade, (and no use to long term players who lose patience easily either!) but hidden away amongst their product range of gantries, ladders, hose-reels and the like is a global product leader.Recently acquired Todd Research have available two new products that can detect explosives in hand luggage: Fropm the website: 'TR VETOCH, a handheld device which will alarm for flammable liquids TR DETECTOR 7 DETEX, an X-ray conveyor unit, which is the world's only hand baggage unit that can detect explosives to the approved EDS standard': EDS stands for Explosive Detection Systems is part of an internationally agreed set of security standards and is adopted by Chinese, US Homeland,and EU (including of course UK) authorities amongst many others. Given recent airport security upgrades this is potentially very significant indeed. As it is Asfare has a lot more going for it. Asfare has three divisions and a market cap at 82.5p of just over 4 million. Last eps came in at 7p and over the last tweve months two of the three divisions have been acquired.At this price there are also 670,000 warrants outstanding and a small number of options relating to the Todd acquisition. The organic company provides equipment such as gantries,ladders etc to such as the London fire brigade, recently acquired Collins Youldon manufactures hose reels, cable drums and related products supplying both the fire and the vehicle tanker industries. It provides the company access to European markets. To the chase then: Last results showed: Turnover has increased by 25% to £4.905 million (2005: £3.925 million) Profit Before Tax has risen to £358,000 (2005: £109,000) Basic Earnings Per Share of 7.0p (2005: 2.8p) Earnings Per Share adjusted for goodwill amortisation 10.6p (2005: 6.3p) Cash generated from operations £774,000 (2005: £487,000) Proposed dividend of 2 pence per share Net asset value increased to 80 pence per share (2005: 71 pence). Since then, the last acquisition - Collins Youldon, looks for all the world as though it was cheap: consideration is £912,000'. In the year ended 30th June 2005 Collins Youldon reported turnover of £2,752,000 with adjusted pre-tax profit of £320,000. In the Management Accounts for the 10 month period to the 30th April 2006 the turnover was £2,412,000 with an adjusted pre-tax profit of £285,000.' I'm afraid my suspicious mind wondered why it was so cheap. The current numbers above don't point to growth certainly, but neither a depressed order book. only time will tell but the company seem in upbeat mood. At the AGM last month the Chairman said: 'Tim Wightman, Chairman of Asfare, commented: 'I have been greatly encouraged by recent events at Asfare. Our results to the financial year ended 31 March 2006 provided evidence of a strong second half of trading and the momentum has continued into the current financial year with the announcement of two significant orders and the key acquisition of the Collins Youldon business. This increase in orders and expansion of the business provide the Board with growing confidence in the outlook of the business.' Since then another five year contract win has been announced. Of course as with any four million market cap business there must be question marks and risks. I have chosen to ignore the adjusted higher eps of 10.6p which discounts options etc which are exerciseable above the current shareprice and in my view make that figure too optimistic. Also thee are slightly more intangibles than I would like on the balance sheet, but the company has a property fully bought valued at over 1 million which helps underpin the market cap. Also a note in the accounts caught my eye, re the Todd acquisition, the amount of which is uncertain at this stage (performance dependent): There is a potential further £2,080,000 of contingent consideration. This has not been included in goodwill as the Board considers that the outcome of this can not be reliably measured at this time." I rather think that should be included in calculations. That said, the company does appear to have an interesting niche as well s potentially strong growth from the Todd division, and with historic eps of 7p the p/e is below 12. However Digital Look have forecasts of 17.6p and 22.6p for the next two years and an arguably very likeable peg of 0.11. Even if these targets are wildly missed, say 10p and 15p, the shares look very promising and I have been accumulating and humbly recommend them for your further research! The chart points only to a long term buy and hold strategy and does not excite, this company has not, and is unlikely to, spike quickly, but for the patient investor well worth a look imho and well deserving of a new thread. www.asfare.com www.toddresearch.co. www.collinsyouldon.c |
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