Assetco Share Discussion Threads

[mrs robinson] 25/8/2011 16:04

Rather be holding now - than start of the day

[warwick69] 25/8/2011 15:31

buy near 2 sell near 3 until further notice not sell at 2p and buy at 3p which most have been doing?

[nico9] 25/8/2011 15:25

could even be blue today still when people realise that this is safe. gives time for a bidding war imo

[treacle32] 25/8/2011 15:25

On Tuesday, AssetCo said it had started to pay back its creditors following the fund raising, but was facing more claims. [ID:nL3E7ET0W0]

"Notwithstanding the recent funding issues, AssetCo is regarded by certain shareholders as a business of significant value which is in danger of not being realised by the recent actions taken by the board," Verdes said in a statement on Wednesday.

[treacle32] 25/8/2011 15:23

sellers will be paying more to get back in.

[caledoniaman1] 25/8/2011 15:21

Apart from the fact that the next hearing is just over a month away (a bit longer than I had hoped - but I do realise the need for this to let Assetco have adequate time to meet with all their creditors), we couldn't have hoped for a better result here. Short termers exiting, however they will be back !!

[seanwood1] 25/8/2011 15:15

28th Sept. next hearing.

[tez123] 25/8/2011 15:00

Just contacted francis on the link below at the FBU who confirmed the statement is correct and was released by them at 12pm today.

Please feel to do the same.

[lags27] 25/8/2011 14:40

Just dont lose sight of the continuing UAE contracts and wider GCC opportunities which have been keeping this company afloat

[mad mike] 25/8/2011 14:02

warwick, the link below says the time was 7am US Eastern time, so that makes it noon UK time.
-

I'm not saying the headline is correct. I just don't know.

[warwick69] 25/8/2011 13:58

hosede yes i wondered why that had not been mentioned anywhere? Yes Directors dont give a s... about shareholders despite their cooments to the contrary

[hosede] 25/8/2011 13:56

Does anyone know if the creditors have been offered an equity for debt swap? With the Co. having good long term prospects I would thought they might have gone for that. Would mean more dilution for shareholders, but I suspect management are more interested in saving their own skins than ours!

[warwick69] 25/8/2011 13:46

but that news was released by FBU at 7.00 am this morning before the coutr case has even been heard? someone being a bit naughty with their opinions?
Marketwire should be more careful as nothing been announced yet?

[warwick69] 25/8/2011 13:34

being offered over the bid to sell 2.51? any news out?

[tez123] 25/8/2011 13:34

AssetCo Got a Months Stay of Execution in the High Court Today
LONDON, ENGLAND--(Marketwire - Aug. 25, 2011) - FBU general secretary Matt Wrack said: "Privatising emergency services is stupid and dangerous. The long, slow death of AssetCo is a perfect illustration of this. We still do not know what is going to happen to London and Lincolnshire's fire engines. They are, we believe, going to be the property of AssetCo's creditors when AssetCo finally goes under. I call on the London Fire Brigade and the government to bring the fleet and their maintenance back into public ownership."

[caledoniaman1] 25/8/2011 13:20

Even if we did get a spike to say 3.5p if the court gives the ok to proposals, it would not be sustainable without further news as most shor termers would probably take the opportunity to exit. The only ones likely to make significant profits are those who bought in from 1p - 3p and can hold their nerve until the offer is RNS'd.

[warwick69] 25/8/2011 12:15

they have been reducing for ages they are the ones clearly providing the shares for current speculative buyers ? I would not be surprised if they have not been on the bid below 2.3 and offer above 2.7 and the disclosure is the net difference of their trading activity as someone has been in total control of the share price between 2 and 3p for the past month?
Anyone able to deal with Direct market Acess has been able to cream it on this share. market makers dream share massive spread plenty buyers as it rallies and loads of panicing sellers as it falls.

[caledoniaman1] 25/8/2011 12:03

Looks like Arden bailing out here - do they know something we don't ? !!!

[caledoniaman1] 25/8/2011 11:17

I feel a rush coming on very soon to buy these - and they won't be at 2.7p for long !! Court case should be a fait accompli - the company debtors will jump at the chance of say 25p in the £ as opposed to SFA - upwards and onwards with this potentially excellent company that has simply been mis-managed in terms of debt control. AIMHO