Assetco Share Chat (ASTO)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Assetco Plc	LSE:ASTO	London	Ordinary Share	GB00B42VYZ16	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	320.00p	300.00p	340.00p	320.00p	320.00p	320.00p	0	08:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	22.9	1.4	11.6	27.5	4

Assetco Share Discussion Threads

Showing 2276 to 2299 of 2300 messages

Chat Pages: 92 91 90 89 88 87 86 85 84 83 82 81 Older

Date	Subject	Author	Discuss
29/7/2019 12:37	More good mood music with Grant Thornton being the auditors to Sports Direct.	konradpuss	Read Full Thread Reply
15/7/2019 21:16	Finally managed to add a decent no of shares to an existing position. w1	woozle1	Read Full Thread Reply
14/7/2019 18:23	Woozle1, sorry one last vital fact, I had to pay £3.20. I think you had been piking around £3.00.	konradpuss	Read Full Thread Reply
14/7/2019 18:07	Woozle1, looking back at my posts I am repeating myself! It happens with age. I always like to ask the negatives on stocks anyone is buying. I can real out the positives here however you might have a negative I have not factored in.	konradpuss	Read Full Thread Reply
14/7/2019 17:58	Woozle1, it was in certificate form so I do not pay for a few days. It was done 'by appointment'. This is why you cannot use an on line 'cheapy' broker to buy this sort of stock. Get your broker to phone the market makers.	konradpuss	Read Full Thread Reply
14/7/2019 17:23	Amazed you got any shares. I've been bidding for stock for weeks; even in teeny weeny lots. w1	woozle1	Read Full Thread Reply
13/7/2019 16:23	I bought back in here recently too. At this price it looks like a low risk/high reward type punt with little downside thanks to the balance sheet and the potential of 100% gain if the appeal is unsuccessful and hopefully less than a year to wait to find out.	arthur_lame_stocks	Read Full Thread Reply
13/7/2019 14:04	rjmaham, I did notice in the last statement from the company, the appeal is due to be heard at the Court of Appeal in January 2020. It usually takes circa eight weeks to get a 'hand down'after such a hearing. Then I guess we will know on which narrow ground or grounds G.T. will try and appeal to the Supreme Court. I really do not think there will be much clarity for at least nine months and potentially longer. I did buy a few more this week. I hear they are coming around to put the white jacket on me shortly and escort me off to the 'funny farm'!	konradpuss	Read Full Thread Reply
13/7/2019 12:44	Yes, more chaos at GT - less likely to go further if they lose their appeal.	rjmahan	Read Full Thread Reply
10/7/2019 16:25	Grant Thornton put in to special measures by audit regulator. More good 'mood music'.	konradpuss	Read Full Thread Reply
26/6/2019 20:03	Not sure - you work it out by putting in (say) 5k and see if you can get filled on that, then go up to 10... Keep doing it... Got a feeling the share price will be up again tomorrow.....	rjmahan	Read Full Thread Reply
26/6/2019 19:00	What's the biggest I can get away with ? w1	woozle1	Read Full Thread Reply
26/6/2019 18:23	Woozle you are trying to buy too much - smaller clips and you will get filled....	rjmahan	Read Full Thread Reply
26/6/2019 18:15	Woozie1, do you have a broker that can call the market maker? They can be bought by appointment. This is how I have managed to buy a few.	konradpuss	Read Full Thread Reply
26/6/2019 17:44	someone probably paid up to get shares. I've had a daily bid for 10k shares at 300p and yet to get hit. w1	woozle1	Read Full Thread Reply
26/6/2019 17:39	Any reason for the rise today?	zcaprd7	Read Full Thread Reply
20/6/2019 11:14	flyfisher, I guess they have tax losses to cover although I wonder if these were wiped out through the scheme of arrangement. I will look at their accounts.	konradpuss	Read Full Thread Reply
20/6/2019 10:52	What is the tax liability on the award?	flyfisher	Read Full Thread Reply
06/6/2019 16:57	In regard to the transfer of emplyees, for anyboy also interested: "With effect from this week [the announcement was released on December] the Company has transferred the Emirati employees, who carried out the day to day operations..."	vnvd	Read Full Thread Reply
06/6/2019 16:53	Thank you for sharing your analysis, rjmahan, its clear you have researched this company thoroughly. I agree that any impairment of AR is unlikely given who the customer and payor is. My liquidation cost is probably in the high range, but I prefer to err on the safe side - sometimes its management severance payments, sometimes something else, but past experience has taught me to prepare for unpleasant "surprises". I didnt know about most employees having been transferred. I havent found that information in the AR, I will try in the press releases. This a point I really would like to clarify, as I understand that the company is not going to keep its employees just sitting in the office, but I also understood from the AR that the company was searching for new customers, therefore part of the personnel must still be with the company, otherwise, how could it execute any new contract? Somebody just mentioned the possibility of the company just buying some other business at a price that would bring immediate value to shareholders in an order of several multiples (ex an immediate x3 in value). I wonder what you think about that. The way I see it, if management knew about a business they could buy at a fraction of its value, they wouldnt wait for anything, they would just go for it (its some of the current owners line of business, at the end). Anyway, thanks everybody for all the great insights.	vnvd	Read Full Thread Reply
05/6/2019 20:51	rjmahan, I an sure somewhere there will be the judgement in respect of the right to appeal to the Court of Appeal. This will set out the points that they (the Court of Appeal) will look at over again as leave to appeal was only allowed on certain issues. I rate the Judge very highly who handed down the original judgement. I did have a read of a few overviews of the appeal decision and have got through reading 10% of the decision myself. The law is a funny thing, sometimes you just never get justice although I hope in this case Grant Thornton swing (although it will be mostly an insurance company paying I guess).	konradpuss	Read Full Thread Reply
05/6/2019 20:35	On impairment - nothing impaired 2016/17/18. Expect same for 2019.	rjmahan	Read Full Thread Reply
05/6/2019 20:32	We disagree on this. I dont put in 2m of AR never received - I think this is unlikely. I dont have a 4m liquidation cost - to me this seems much too high for what this is. Remember most staff have transferred. You also miss interest on judgement and costs accruing I get value of judgement at £33.4 £4.993m liabilities My figures £34.963 Assets +£22.4 Judgement Won +£6 Interest Won +£5 Costs Won +1.3-2.6 Interest while waiting 6m-1yr appeal -2 wind up costs =£62.7m or £5.13 or 74% upside If you say £6 wind-up costs you get to c£4.90 and 63% upside Judgement is halved - you get to c£3.90 and 30% upside Judgement is cancelled - likely £2 a share and 35% loss. I had a look through court of appeals judgements and roughly in 2/3rds of cases original judgment is upheld. In c 1/3rd amendments are usually legal/administrative they don't often overturn entirely. I read the whole judgement - it wasn't a fun few days. I don't think the judge is flying a kite - though I could be wrong. We don't agree on figures but even on yours if you say its 66/33 probabilities gives 13% expected upside. Ambiguity around current business isn't great but its been like that for a while and has always done OK - but is coming to an end. These shareholders aren't giving anyone a job out of the goodness of their hearts.	rjmahan	Read Full Thread Reply
05/6/2019 20:14	I agree that the downside is 30-40% but the cash will likely be used to buy something that is more valuable than the cash and the upside is multiples from here. This has been a real dog for Mills and buying something at a decent price or reversing a private company into what will likely become a cash shell is a good outcome. Down 30-40% or up multiples that looks like decent odds to me. w1	woozle1	Read Full Thread Reply

Chat Pages: 92 91 90 89 88 87 86 85 84 83 82 81 Older