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ASE Asite

0.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asite LSE:ASE London Ordinary Share GB0009603316 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.75 0.00 00:00:00
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 0.75 GBX

Asite (ASE) Latest News

Real-Time news about Asite (London Stock Exchange): 0 recent articles

Asite (ASE) Discussions and Chat

Asite Forums and Chat

Date Time Title Posts
26/7/201012:42Athens : stock indicies in Greece3
15/12/200916:13American Silver Eagle Coin1
17/4/200917:32Asite...A New Beginning210
05/12/200816:32ASITE GOING INTO ORBIT7
27/6/200712:12ASE - Director Buys..recovery for 2004401

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Asite (ASE) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Asite (ASE) Top Chat Posts

Top Posts
Posted at 15/12/2009 16:13 by notanewmember2
ASE the ultimate protection for the US citizen, in troubled times.



*Hyperinflation -> thesilver intrinsic value will rise, protecting purchasing power.

*[Hyper]Deflation -> ASE has a face value of $1 dollar and is lawful legal tender. Imagine buying a weeks worth of groceries with $1 when money is scarce and cash is king?

*Abandonment of the dollar completely. ASE will still be worth the silver content and so is outside the fiat $ mechanism.
Posted at 07/4/2009 17:54 by inv3stwise
FLC, why do you say that.

Share consolidation, you still hold your shares in the company; just can't be traded as easily (then again, they never were traded). Asite are setting up a trading link from their website.

Not the ideal situation, but I don't believe anything untoward.
Posted at 27/3/2009 10:40 by dell314
Strange that MMs haven't trashed the price on that news.
At this rate there won't be many companies left on AIM....

Rgds
dell
Posted at 16/12/2008 14:30 by goonertone
Back down to the lows and now we are yo-yo'ing back up.

I get dizzy watching this share.

GT
Posted at 05/12/2008 08:23 by goonertone
I've got plenty flc so I wan't to see the next trading update before I do anything major.

Saying that I did want to see just how tight the mm's are playing it so i brought £400's worth this morning for a bit of fun and upped the price 25%, madness.

GT
Posted at 11/11/2008 15:21 by goonertone
Couple of small buys and the price dips, to be expected after the large jump over the last couple of weeks. Hopefully it will offer a chance to get one last go at a reasonable price though hopefully it won't dip back to far, It might even be the MM messing with the offer as the market is falling to pick up a few shares to balnce their books.

GT
Posted at 24/9/2008 13:02 by goonertone
After attending the AGM this morning I am fairly heartened that this will deliver value over the coming months/years. Being the only shareholder there did mean I was outnumbered but i did manage to ask a few questions and get some clarity on some matters that I had been wondering.

RT wasn't there so the question of what he wants to do with his loan long term couldn't be asked but most there that I asked seemed comfortable with the position. The fact that the AGM was at R2O's offices speaks volume for his commitment.

The license model now seems to be bearing fruit and opening up opportunites for selling within companys that had previously worked on a contract basis.

The main thing that I gleaned was that the development work that has gone on over the last few years to improve the system has all been passed through the P & L account and will continue to do so. The intangibles will be completely written off this year so next year there is an immediate £200k drop in profit. Ebitda will effectively become pre tax.

If the increase in volumes continues next year then i expect the small pre tax profit for the full year this year will become £500k in 2009.

Recent funding for aconex and the mooted float of BIW both pitch valuations at 5-7 times turnover. This would value ASE at £10 to £14 million. With losses a plenty to set against profits for a while then on a PE of 12 which is fair for a company growing at 30% you get a valuation of £6 million. Somewhere in between would seem appropriate. Market cap currently £1.6 million

I did raise the point of liquidity of shares and spreads etc. The initial remit for the mgmt team especially Tony Ryan was to get to profitability. This has now been done and going forward the possibilties of share consolidations, house brokers etc to improve the marketabilty of the shares.

All in all the company seems to be going the right way with a small but committed team who all like ourselves believe that the company is currently mispriced. Eventually once it makes pre tax profits it will hit a few more radars until then just spread the word.

GT
Posted at 20/8/2008 12:04 by goonertone
No interest outside the directors means this can only currently drift at the whim of the odd PI sale.

What annoys me as a small PI is the lack of visibility we get as to trades etc. I accept that we are a long way on from the days of paper trading and now have L2 etc but this has just made it worse in my opinion. I accept that people for whatever may wish to sell or buy shares and that this will affect the prices mm's will make. However the ability to delay trades or in some cases just move prices for the fun of it makes it impossible for the Pi to make a trading decision, it always has to be an investment decision.

Yesterday the price was dropped by one mm dropping its offer. No trades yesterday or today. Was he bored, is there a big sell order in, is there a big buy order in. SETS and the main market are just as bad now with trading programmes hiding the true extent of buy/sell strength.

In my humble opinion the system needs to be reformed to stop late posting of trades or hiding of trades, increase the minimum level of stock that MM's have to deal in, somehow regulate the size of spread and make the MM's have to actually take on some risk for the money they make. Maybe for every main listing and sets listing they have the stock exchange should issue them with a set number of small caps to have to make a market in.

GT
Posted at 06/8/2008 09:48 by goonertone
Its difficult because of the RT factor. What is he going to do with his b shares and his loan. Company takes account of them when calaculating eps but ADVFN doesnt include them when calculating the market cap.

It would be a lot easier if BIW would float as they keep threatening to and that would give everyone the market leader to benchmark against. BIW are turning over £5m+ and just had a maiden profit of £500k. Value for a float mooted at £30 to £50 million.

Asite is a third the size but growing at the same rate and valued at (if you include RT's B shares) at an 1/8th of the lower figure for BIW's valuation.

Therefore my view currently is that based on the increase shown in the accounts a price of 5p is fair if the next interims show continued progress then 8p is probably the right area. Longer term if profitability occurs then 20p is on the cards but thats a year away.

GT
Posted at 26/6/2004 13:59 by 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

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