Assetco Share Discussion Threads

[tommygriff] 14/6/2023 11:10

A few Director purchases wouldn't hurt

[jurgenklopp] 14/6/2023 08:12

Hugely disappointing.

[chrisdgb] 14/6/2023 08:09

eeeeeeeeeeeeuuuuuuuugggggggggggghhhhhhhh

[topvest] 06/3/2023 12:27

Another eclectic unrelated deal today. I can't see this to be a winning formula. It's like Aberdeen in the early days, but without decent targets. They seem to be buying sub-scale managers at a premium.

[slatto1971] 16/2/2023 08:31

Quite right. It’s a steaming pile of sun-scale units. No cohesion and no real quality. Dressed up to look like it has a plan and is all meant to be.

[topvest] 16/2/2023 08:18

Results ugly as expected. I'm not sure that Martin Gilbert's plan is working - he has done a few deals and ended up with a few sub-scale asset management businesses with excessive costs and enormous losses.

He was supposed to be creating an asset management business without the legacy issues of abrdn. Quite the opposite has happened - he has a £3bn AUM business with even more legacy issues to deal with. Abrdn looks good in comparison.

Then the report adds in Parmenion AUM of £10bn which is misleading as they don't control this business...and it doesn't actually make much money either!

The only positive is the large cash pile.

[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 14:36

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 14:35

Strange one with Martin Gilbert being chairman both here and there

[privileged] 27/10/2022 10:28

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

[microscope] 25/10/2022 14:10

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 11:54

Good question!!

[monet] 14/10/2022 11:54

Where are they buying all the shares from?

[privileged] 14/10/2022 09:37

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 08:30

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 19:53

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 17:31

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!