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Real-Time news about Asfare (London Stock Exchange): 0 recent articles
|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.
|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|
|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.
|andysand: The results were fine. But did they reflect the share price as it was this morning? And should the property sale have been included in the EPS figures? If so, why?
|egoi: Just a longer settlement date allowing short term traders to punt in and out around results time - and just testing people's resolve here! -:).......
I don't want to start using the thread for other stocks but talking of Unquoted site, any value seekers who do trade Plus stocks should take a serious look at CHCP a real classic Unquoted 'early spot' stock;
yesterday announced second half would beat first half.
First half eps 1.37p. So about 3p for full year.
Share price is 13p!|
|egoi: I still think we will do maybe 12p for the year. That's fine as it won't include a full year contribution from Collins, but next year with a full contribution 20p is on the cards. Even though I suspect we have a few t-20s 'in our midst' on this thread, who blindly tend to sell regardless of how good numbers are, the longer term looks fantastic.
On 12p given the growth forecast thereafter, I think 150p would be modest at results time.
I know some of you are expecting an even higher eps, hence a higher share price?|
|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:
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:
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.|
Good to see you here. Seems our share selections often match. Have you had a look at ATCG (At communications)? If the figures are to be believed, there could well be an explosion in the share price.
Same goes tru of ASFARE of course. I am already well ahaed on this but I think there is much further to go. Ideally I am looking for around 200p before I consider selling.
|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!|
Asfare share price data is direct from the London Stock Exchange