Assetco Share Discussion Threads

[topvest] 09/2/2021 20:43

Or maybe he's just seen value and the opportunity to help RIV - remember he's on the board. It's a great outfit - it just needs growth in its equity division. That's where Martin Gilbert can help.

[konradpuss] 08/2/2021 20:08

Another purchase of River & Mercantile by Assetco. Mr Gilbert much be contemplating something.

[konradpuss] 12/1/2021 20:32

30, 50, 20 I quite agree about your 'insider buy' point. I have sold enough today to cover my original purchase (I did tender 50% previously whoops!). Oh well I am here for free now so I will watch events with interest.

[wi1l] 11/1/2021 17:19

Just in case anyone is interested - check out the members of DAGG LLP 21 July 2020 Minoan Group Plc ("Minoan" or "the Company") Reorganisation of funding arrangements, placing, update and General Meeting The Board of Minoan is pleased to announce the successful reorganisation of its only secured borrowings (the "Existing Loan"), the cancellation of warrants and rights to future warrants and a small pre funded placing to provide further working capital. Whilst the transaction is complicated and involves short term cost it will result in a significant reduction in the long term fully diluted capital for the benefit of all shareholders. The refinancing is being undertaken by a group of existing shareholders in the Company through a special purpose vehicle DAGG LLP ("DAGG" or "New Lender"). One being Martin Gilbert !!!!

[arthur_lame_stocks] 11/1/2021 08:14

I see Martin Gilbert's concert party have bought just under 30% of ASTO. https://www.investegate.co.uk/assetco-plc--asto-/rns/acquisition-of-29-8--shareholding/202101110700071555L/

[thirty fifty twenty] 10/1/2021 20:21

hi Konrad - yes he has... i was interested in the disclosure timings.... if he knew he was buying 10% of ASTO, and he was a director of RIV, then in effect it was an 'insider' buying 2.9% of RIV. given liquidity etc.. RIV might well be the more sensible investment, but i didnt act on Friday

[konradpuss] 10/1/2021 18:31

I missed the RNS on the the RIV share buy at the time. I suspect Martin Gilbert's hand was on that 'buy'. Did I read correctly he had just become a director of that company?

[velocytongo] 10/1/2021 18:27

Funny how it was lucky to have 1-2 posts a months and now today!

[thirty fifty twenty] 10/1/2021 18:11

hi all i think after the tender the NAV is close to 500p? i think 32m CASH and c.6.5m shares. its interesting that the story is leaked before he has bgt the shares? who will he buy 10% from when they so tightly held? and at what price? ASTO where certainly astute to spending c.5m on buying RIV shares. I think they will be up 20% on those by eod Monday. which adds 1m to NAV c. 15p could be interesting... All IMHO DYOR + BoL ASTO is in my portfolio

[velocytongo] 10/1/2021 15:51

My av entry was 3.70. This should pop on Monday morning

[konradpuss] 10/1/2021 15:05

Likewise VelocyTongo. At the time I was hoping to just take the profit and be away hence tendering 100%. I am now tempted to wait and see how this shapes up after reading a little about Martin Gilbert and the other names mentioned. Perhaps sell enough eventually to cover my 'in' cost and then have a free ride.

[velocytongo] 10/1/2021 14:46

I've still got 50%

[boystown] 10/1/2021 12:49

VelocyTongo - so why did you tender all your shares?

[konradpuss] 10/1/2021 12:48

VelocyTongo, I was hoping for that at P.V. Crystalox Solar Plc. The management punted that shell around for ages and eventually had to delist unfortunately. Better luck here mind.

[velocytongo] 10/1/2021 12:28

I have suggested a few times that the value will in a cash shell

[boystown] 10/1/2021 09:49

Hi konradpuss - and no, and these aren't accurate calcs. I think it looks interesting now as Arthur Lame Stocks says, and I wish I hadn't tendered all my shares. But really, my point is that I wouldn't buy now - though I appreciate it makes lots of sense as an oven ready cash shell for Martin Gilbert & co., saving costs, time and admin.

[konradpuss] 10/1/2021 09:26

Boystown, have you put in something for the listing?

[boystown] 10/1/2021 08:03

Yeah big names etc., but haven't they effectively paid £1.10 for £1's worth of cash?

[arthur_lame_stocks] 10/1/2021 07:18

That looks like interesting news. It looks like I was too hasty in selling my shares now.

[konradpuss] 09/1/2021 22:27

rj, I could not have put it better. I think I will hold on to my remaining 50% until at least the opening on Monday! Well done someuwin for flagging the news.

[rjmahan] 09/1/2021 22:18

Interesting, wish I hadnt sold now - I dont believe will be a success but with the current market mood it will be pumped up!

[someuwin] 09/1/2021 21:45

Gilbert revives Aberdeen era with raid on London-listed cash shell AssetCo Martin Gilbert is to spearhead a new wave of deal-making by taking a stake in the listed cash shell AssetCo, Sky News learns. https://news.sky.com/story/gilbert-revives-aberdeen-era-with-raid-on-london-listed-cash-shell-assetco-12183120

[konradpuss] 08/1/2021 22:34

Not mine either. Thank you again. I will follow you and sell.

[rjmahan] 08/1/2021 21:09

No worries Konrad... Big buys today - I suspect this will be turned into a 'growth' vehicle - not my cup of tea...

[velocytongo] 08/1/2021 19:44

This is like those SPACs. Enjoy the ride!