Share Name Share Symbol Market Type Share ISIN Share Description
Achp LSE:ACH London Ordinary Share GB00B1Z5KB73 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.50p 9.50p 11.50p 10.50p 10.50p 10.50p 0 06:30:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 0.0 -0.9 -0.7 - 12.40

Achp Share Discussion Threads

Showing 1 to 3 of 25 messages
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Results out. All very low key indeed and no meaningful update on Asta Capital. £17m net asset value is probably understated though as they haven't updated the valuation. Asta news flow appears positive hxxps:// See they have sold Pelican Underwriting in the year. Asta 2017 results haven't been released yet. Anyway I think that there is some value here. I was hoping for a reverse takeover or something. I am less confident on a reverse takeover now. Confident that we will monetise our Asta Capital shareholding positively though! One thing is for sure - the Board aren't making much effort to promote the merits of the company. Main downside risk is a delisting, but I'm confident that shareholders would be fairly treated. We have been treated properly to date on our Tawa Associates investment.
See from the interims that they have tidied things up a little. Asta Capital is worth £20m and trading well. Some positive news flow on Asta's web-site which indicates growth in the current year. Preference shares have been repaid. Share capital of Asta Capital was reorganised in the summer. Is this a precursor to a listing of Asta Capital? This could mean a listing through a reverse takeover which is what I have always hoped... "The strategy of the Company is to manage and monitor its investment in Asta while actively supporting Asta's strategic growth plans and to focus on minimising its cost base." If it did happen it would probably be Q1 2018, I would guess, given that both companies have a December year-end. Equally Asta could list in its own right which might be a cleaner scenario, albeit you might have a position where ACHP needs to sell a large block eventually which wouldn't be ideal. ACHP could stand for Asta Capital Holdings PLC - a coincidence or a marker for the future name change!? Will need some dividends from Asta going forward to service the c £2m of remainder debt and cover running costs. Think some sort of strategic move is needed to optimise shareholder value here or else it will languish on a big discount to intrinsic value of its main investment. Personally, I think Asta Capital is probably worth closer to £100m if it IPOd in current markets.
A very new odd name .....ACHP - very much looks like this vehicle could now be used to list Asta Capital, a lead third party managing agent on Lloyds. For some reason they have picked a very odd new name for the company. Looks transitional to me. Not announced either. Almost as though they are making no effort. Of course, they could be looking to delist, but TAWA have been fair to minority holders up until now and so I remain optimistic. Thoughts from anyone else?
Chat Pages: 1
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