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Share Name | Share Symbol | Market | Stock Type |
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Assetco Plc | ASTO | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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30.30 | 30.30 | 30.30 | 30.30 | 30.30 |
Industry Sector |
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SUPPORT SERVICES |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
15/06/2022 | Interim | GBP | 0.013 | 01/12/2022 | 02/12/2022 | 23/12/2022 |
Top Posts |
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Posted at 29/7/2024 14:59 by tommygriff ASTO a cheap way of getting parmenion exposure |
Posted at 29/6/2024 12:15 by privileged Any idea what would generally happen then in such instances? If asto is already in my SIPP. Guess they just sent me the share cert separately in my name for Parmenion (and then what happens for the cost for cgt I wonder...) |
Posted at 30/11/2023 11:04 by strollingmolby Sudden flurry of trades since 10:30... are there any new broker notes out on ASTO? |
Posted at 16/10/2023 05:55 by brummy_git I was having a rummage through Christopher Mills’ latest holdings at Harwood Capital - & specialist fund manager AssetCo came up as an interesting GARP stock for long term, risk tolerant investors.All the details here |
Posted at 23/12/2022 10:37 by tommygriff Divi received and reinvested |
Posted at 26/11/2022 18:55 by tommygriff Divi announced for December! Well undervalued by the market this |
Posted at 03/10/2022 18:53 by microscope Bought a small stake today.Market cap of about 100 million and following acquisitions since last results, an estimated cashpile of about 35 million. An interesting portfolio of assets (12 billion - B not a typo! - assets under management),and SKY recently suggested that their 30pc stake in Parmenion has attracted interest valuing it at 300-400 million.... If you look at the chart, (as regulars will know), note they had a share split of 10 for 1, so from 750p to 75p . Martin Gilbert doesn't take prisoners, a recent purchase was cut from 2.8 million to 1.1 million. But he did say that they were looking at other bolt-on acquisitions. They're buying back up to 10pc of the company's shares - about 15 million shares, announced last week, which in current climate should provide support for the shares if the whole market capitulates. Finally, two recent Director buys in August and September of 470,000 and 140,000 shares, both above the current ASTO shareprice, are not small beer at 70p+ each.. |
Posted at 11/9/2022 12:08 by arthur_lame_stocks This may be of interest to ASTO shareholders.hxxps://news.sky.com |
Posted at 15/6/2022 22:14 by watling17 The RIV acquisition and time it has taken to complete can be viewed as entirely positive as it has allowed flakey customers and shareholders to exit - a good thing. The equities business now has c£3bn AUM and can grow from this point. The fact that it currently looses money was expected and clearly the new owners will be far more resolute than RIV in slashing costs [that is people and duplicated head office expense - out they all go]. Parmenion may not pay a cash dividend yet but is in great shape as their report and accounts attest; let us say Rize is worth what was paid for it; the equities business, predicated on AUM, has value and there is the cashAll asset managers have wilted of late - including PMI - so whether they are happy or unhappy at not owning RIV, who cares What is there to sort out one wonders over and above the matters already before the board - the clients who exited are gone but new mandates will be won and no doubt such churn would have been expected In any event for many RIV shareholders who bought before the bid at sub-220p, the return of capital will repay their investment and leave the ASTO shares as a free ride so again, who cares what the share price does in the short term |
Posted at 15/6/2022 11:44 by monet This should help the shares price, and plans to pay a dividendWe intend to write to shareholders shortly with proposals to instigate a sub-division of the Company's ordinary shares of 10p each ("Ordinary Shares") on a basis to be determined. Such a sub-division would increase the number of Ordinary Shares in issue and the Board believes this would reduce the Company's share price to a level where smaller sized dealings in Ordinary Shares would be more efficient. It should also improve the liquidity, spread and marketability of the Ordinary Shares to a wider group of investors. The Board recognises the importance some investors attach to receiving a regular income from their shareholdings. It is, therefore, expected that the Company declares a 13.0p interim dividend in Q4 2022. Thereafter, the Company intends to adopt a progressive dividend policy. "Campbell Fleming, Chief Executive Officer of AssetCo plc, commented: "We have made good progress in developing AssetCo's listed equity platform, private markets capability and thematic ETF business. At the same time, Parmenion, which provides investment solutions to advisers and their clients, has expanded. The current market environment, alongside the structural shifts taking place within the asset and wealth management sector, supports a strategy of building an agile asset and wealth manager, uninhibited by legacy issues, to meet the needs of investors." "There is still much to do, but we have the people, products and the financial strength to deliver for clients and shareholders alike. We will continue to invest in our existing businesses, assess strategic opportunities that will add value to our capabilities, and focus on generating organic growth." |
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