Assetco Share Discussion Threads

[tommygriff] 17/1/2023 20:02

Undervalued

[privileged] 17/1/2023 14:12

What's behind today's rise ?

[tommygriff] 23/12/2022 10:37

Divi received and reinvested

[jurgenklopp] 06/12/2022 13:04

Steaming along nicely this week.
First proper turbulence should be around the 100p level.
😉

[microscope] 30/11/2022 21:29

Hello, interesting activity here all of a sudden..,

[jurgenklopp] 30/11/2022 09:03

1.3p goes xd on Friday for payment on 23 December.

A very bright start this morning too !!

[tommygriff] 26/11/2022 18:55

Divi announced for December! Well undervalued by the market this

[privileged] 10/11/2022 23:44

This has been missed with the market rise recently. Their funds must be performing this month and their fees as a result plus the possible parmenion deal and all the buying of shares. Want to see this at £1 by year end !

[tommygriff] 27/10/2022 13:36

Maybe something to do with conflicting interest like the belowhttps://www.ftadviser.com/investments/2022/10/10/martin-gilbert-asked-to-step-down-from-abrdn-fund-boards/

[tommygriff] 27/10/2022 13:35

Strange one with Martin Gilbert being chairman both here and there

[privileged] 27/10/2022 09:28

Hmmm tosca selling. Normally rate them , wonder why, any ideas ??

[microscope] 25/10/2022 13:10

Another very large trade again today, but signs that a big overhang has gone in recent days.I'm basically investing in special situations at the moment, and/or companies with powerful balance sheets, given market and macro uncertainty. In my mind this ticks both boxes.

[privileged] 14/10/2022 10:54

Good question!!

[monet] 14/10/2022 10:54

Where are they buying all the shares from?

[privileged] 14/10/2022 08:37

Another very chunky director buy.Lots of buying from the 70s down to 60 now. Looks a real steal here.All trades today marked as sells on advfn but are actually buys

[microscope] 13/10/2022 07:30

Along with the change of brokerage, that was quite some volume yesterday. I look forward eagerly to discovering who traded what, though I had expected a 7am RNS, particularly as the new broker would not want to be botching buyback news after what happened last week

[microscope] 03/10/2022 18:53

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..

[microscope] 30/9/2022 16:31

Buyback might well support the price, anything that does that in this market has to be a bonus.

Clearly they think they're undervalued, (probably right even though hard to assess fair value) and any corporate actions could see a further boost.

In a thinly traded stock too, there might be life in this, though my caveat would be that they could be preparing the ground for taking the company private.

Does anyone have a view on how market turmoil and govt policy might impact their business?

An afterthought is that they have identified a seller in need of funds and a buyback was a good way to assist, but I'm confident that's unlikely, and particularly not near 10pc.

It's a wealthy sector, holders hardly likely to be desperate!

[alan00] 12/9/2022 07:16

If interested please see AssetCo write-up here: www.upsidedownsidecapital.com/p/assetco-plc-downside-protected-significant

I think it's attractive at this point, with significant potential upside, and the downside quite well protected. The possible Parmenion transaction as reported by Sky (link in write-up) could really help to highlight the value.

[arthur_lame_stocks] 11/9/2022 12:08

This may be of interest to ASTO shareholders.

hxxps://news.sky.com/story/parmenion-owners-prepare-400m-sale-in-fresh-blow-to-abrdn-12692238

[tommygriff] 24/8/2022 12:31

Market cap of £100m cash position of £60m?

[konradpuss] 20/8/2022 11:08

I think the high shareprice in May/June '21 was sizzle, not the sausage.

I too sold out, not on the top mind as I could not rationalise the valuation. My sale looked wrong soon after however it looks good now.

Chris Mills, via one of his funds, has recently bought into Palace Capital. A bit late in my humble opinion.

Peter Gylenhammer got in much cheaper, however there is still possibly a reasonable upside.

[thaiger] 20/8/2022 10:46

https://citywire.co.uk/funds-insider/news/numis-initiates-coverage-of-assetco-with-buy-rating/What a different a year made!

[topvest] 29/6/2022 15:29

I must admit to being a bit confused on Christopher Mills re. Assetco. He is a fantastic investor that's for sure. I wasn't sure the valuation is silly and that's why I sold out. Maybe I have missed the skilled lens of the master!

What confused me was mentioning £90m for Parmenion Capital Partners LLP.... seemed a bit odd as they only own 30% purchased for £22m less than a year ago! That would mean the Assetco stake is worth like £30m not £90m. Anyone any thoughts?