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Assetco Share Discussion Threads
Showing 2201 to 2224 of 2225 messages
|3.50 you mean|
|Since last September shares in AssetCo have gone from 1.61p to 250p a share|
|The new board of AssetCo, the firm that used to maintain London's fire engines, today said it was suing its past management for more than £50 million over a "very significant decline in [shareholder] value"...
|Interesting to see Henderson buying 400000 more shares, suggests they at any rate have confidence.|
|The good old Daily Telegraph reported today that "Since last September shares in AssetCo have gone from 1.61p to 250p a share".
No mention of a 1 for 1000 consolidation. Great reporting!|
|only another 900%+ rise to go to break even LOL|
|Should dive now lol - 2 for a pound - roll up, roll up, get your fire engines here my dearies :)|
|Steady rise - the only thing with this on the AIM market that can stunt the steady incline is some good news !!|
|What a real wee raver this stock is - excitement all the way :)|
|-The contract, which is for an initial five years (with a five year extension), involves a total turnkey solution for the provision of personnel, training, operational equipment and facilities management, and follows the award to AssetCo in March 2010 of the first contract of its kind in the UAE.
-The revenue impact for the AssetCo group is expected to be at least GBP40 million over the initial five years
From the results just published (to September 2011) UAE contributed over £1.2M of profit.
Not sure when the contract mentioned in the 21/02/2011 announcement will come into effect, but assume that it is earning enhancing, then net off the cash from the current value, and I am turning bullish here.|
|Feb 21st 2011:
LONDON (Dow Jones)--AssetCo PLC (ASTO.LN), said Monday that following the joint venture with Emirates Advanced Investments, AssetCo Fire and Rescue has been awarded a GBP120 million contract to provide a fully outsourced firefighting service by the GHQ UAE Armed Forces.|
|Lincoln is gone (regardless of the legalities - if the client is in that frame of mind, it is "all over".
Not sure I have seen the financial models for the UAE contracts, but tempting, I must admit.|
They were consistently doing that level of EBITDA a couple of years ago. The question is to what degree it was real or fictitious. But if even 50% of it is real then I agree they COULD be a real bargain.
One needs to remember they had huge net-debt when they were trading at 60p whereas now they have large net-cash. If they can get the business back on track and generate a fraction of previous EBITDA then it will look very very cheap at the current EV. However, at the moment there is too much uncertainty for me to take a stake. Certainly one to keep an eye on over the next year or two IMO. But for the brave buying in now it could well pay off in spades.
|Would have looked impressive pre-consolildation, as that would be 10,000,000 old shares!|
|10000 buy just gone through!!! Anyone any idea? Something seems to be brewing?|
|"DesWalker - 30 Sep'11 - 14:03 - 2162 of 2200
Based on recent results one might speculate that approx £20-24mill per annum of EBITDA is the right ballpark. An EV / EBITDA of 4-5 is appropriate based on the troubled past and opacity of contracts so we're looking at an EV range somewhere between £80 and £120 mill. "
Des - what did you base your figures on?
Enterprise valued at sub £20m just now, so if you can provide some logic behind them being able to generate £20-£24m pa, then these are one of the bargains of the century, no?|
|Only once Uk ops are legally jettisoned and middlie eastern opportunities are more clearly defined will this become attractive from a longerterm point of view|
|Shares in issue is now 11,000,712 (or was immediately after the placing) so under £20m market cap.|
|It says mcap (above) 387. Is that pence or pounds???....lol|
|What's going on ere then???|
|Recoup losses from the 10p (now effectively £100/share) or from the subsequent £2/share fundraising?
Still so much uncertainty with regards to a plausible business model but interesting share movement.|
|nothing - volume small
mm s trying to generate some interest or trying to help institutional chums recoup losses|
|Exactly how much was raised since the craziness began? and how much was used to fill holes, and how much is available to the business to start to try to move forwards? There was £16m in March, potentially another £10m July (though not entirely sure the events mentioned in the RNS 25/7 ever materialised) and then the final £14m with the 1000-1 consolidation.
There still seems a fair amount of uncertainty, especially now they have lost Lincolnshire, and having followed the institutions in at a discount when they fell below 10p, I am loathe to throw good money after bad until there is some degree of clarity as to whether there is in fact a viable business left at all.|