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Real-Time news about Asite (London Stock Exchange): 0 recent articles
|flc: We'll probably find out soon enough as they may have to make an announcement on the share price movement.|
|power talker: quotes for all..pop back in a couple of months my friend..the share price will be 10p plus..try buying some..you might make some money:)|
|future earner: GT....Thanks for your comments. I hold a shed load of these and have been adding over several years. At each set of results I start to ask is this take off time/then share price doesn't move & then thats it for another six months or so. I was really expecting break even/profitability this time.
I'm still optimistic that it will happen & I hope we are all well rewarded for our patience.
|guru11: excalibar and dell314 - I agree.
The last statement was poor. It could just be a share price boosting exercising with the directors buying stock. Today we have seen a 44% rise on very thin volumes. Watch the price tomorrow fall back. If it does not fall back it will at least tread water. No crystal ball needed here. The hot air only lasts a certain amount of time, as there is really nothing concrete holding the stock up. No quick kill.|
|havenpoint: I was caught and hooked on seeing the share price rising daily and was told that it could even double from those high levels. I trusted my source whom I believed was reliable but did not reckon on the bursting of the dot.com bubble. I bought the shares when they were known under their former name PSS (Premysis).
I doubt if I will ever recover my investment but it would be some consolation
if I could mitigate my losses. However, realistically I dont see it happening
in the short/medium term. But miracles DO happen.|
|havenpoint: Thankyou. I am a very long termer. I bought when company name was Premisys and
paid around £2 share. I have a significant holding at that level and continued
buying as share price fell. Even recently I bought again to average down. I hope it was a wise move. Let us hope and pray there will be some interest in this share. I am surprised that with some blue-chip support this share is not
|sarscars: repeat of the large climb in share price from 3p to 9p as in 2004 , could it be on the way , signs are there already !!!|
|sarscars: now the results are out of the way , should see a steady climb in share price now|
|flc: Can only assume that the share price decline is due to the sudden resignation of Tom Dengenis which was a surprise given that he purchased shares towards the back end of 2004. Could this be the result of a power struggle?|
|xenawarriorprincess: Having thought about matters I agree with andysand re debt for equity and dilution. However it has been clear for sometime that the share price has been going nowhere for what would seem to be a progressive company with prospects.
I am slightly puzzled by the resolution which will increase the ability of the company to borrow. Why increase the ability to borrow if you are converting all your debt into equity? I would suggest only if you intend to borrow more after the debt for equity swap.
About a year ago the company announced that it was considering aquisitions, and subsequently a possible merger was mooted. No doubt these possible activities have been prevented by the already high level of debt and low share price.
This restructuring may now deal with this impediment and clear the way for some corporate activity. This in turn will hopefully increase ASE revenues and profitability.
This being the case I think that the proposal will have a good effect on the share price.
I agree that the 10p swap price of the shares is interesting. I think there was a placing a few years ago at 10p and Egan also takes his salary in shares at 10p, even when the share price is considerably less than this. In addition as ASE shares are about 5p, the value of the debt, when converted into equity will effectively be halved. Of course the creditors will want something out of this and presumably they calculate that this will be an improved share price, so the value of the swapped debt will not be reduced by that much after all.
I do think we shall see a sharp movement in the opening price Monday, and whether it be up or down I think that will determine the direction of the ASE share price for some time to come.|
Asite share price data is direct from the London Stock Exchange