Assetco Share Discussion Threads

[tez123] 24/8/2011 12:39

Be very careful guys.

[caledoniaman1] 24/8/2011 11:41

Looks clear to me that Assett Value Investors Ltd are having a party trading this up and down on greed and fear - simples :)

[warwick69] 24/8/2011 11:28

This is being forced down by someone clearly ? WHY

[warwick69] 24/8/2011 11:26

yes they are look at the price action it does not add up?

[treacle32] 24/8/2011 11:18

No they're not. Chill out and wait for the SOA news tomorrow.

[warwick69] 24/8/2011 11:15

some one is off loading into this buying WHY?

[warwick69] 24/8/2011 11:04

well strange trading lots being bought but offer keeps being lowered to entice more buying and reluctance to raise bid?

[treacle32] 24/8/2011 10:21

This could finish blue today, good buying now.

[warwick69] 24/8/2011 09:07

treacle yes i would agree it may put an end to the administration fear and allow a takeover approach to be tabled then see what the management are made of as clearly they have completely f.... up so far and need to pull a rabbit from a hat?

[treacle32] 24/8/2011 09:03

Warwick, I'm hoping for a massive rise tomorrow once SOA is approved.

[treacle32] 24/8/2011 08:57

Looking better now.

[warwick69] 24/8/2011 08:56

welcome comedy you may have timed well can not inderstand why people selling below 2.5 today mental?

[comedy] 24/8/2011 08:42

lol the most ups and downs graph on market at mo...when they were in they were in...and when they were out they were out...ohhh the cookkie cookie and we all fall down?:)

[comedy] 24/8/2011 08:40

well ive gone for it again this morning...just bought in 2 batches...lets see if lucky or unlucky.

[warwick69] 24/8/2011 08:39

well Treacle market sees it completely diferently. I was a big gainer when JJB went through cva shares fell and fell to about 11-12p but as soon as agreement by landlords was agreed then shot up to 38p the same day as i managed to sell some for a triple bagger. did eventually go lower settled at 21p but still posative once CVA complete.

see same here once agreement with creditors settled, as someone said for them it is something or nothing?

[treacle32] 24/8/2011 08:08

Morning All. weak should be cleared out first thing today. The SOA RNS should bring about the big rises tomorrow imo.

[treacle32] 23/8/2011 21:49

The company told us on the 25th July that the buyer had to reach agreement with the creditors. The buyer doesn't want to pay all the debt. Today's new is imo not new news.

Finally, IMO the large shareholders got wind that the buyer doesn't want to pay all the debt. They want a decent price for their shares and imo showed their hand with the 10m injection. If the buyer doesn't satisfy the shareholders, they still can't get their hands on the company. ASTO is a prime target to be acquired and for the Middle East contracts imo. None of the 10p backers who hold shares from far higher prices have sold their millions of shares over the last few months even when the price rose to 7p in July?

I think we're going over that 3p barrier now with this news out...imo big positive stride forward on takeover developments. There's a further RNS due after the court hearing on Thursday and imo that will be by lunch-time. Once the Scheme of Arrangement is confirmed through the courts, I think these will rocket like last time after the court hearing and for all the reasons I've highlighted earlier.

I've had time to digest it all and very good that the RNS was released outside market hours. I can see the price rocketing on Thursday once the next RNS comes out. Last time it was 350% intraday actually.....and next resistance on chart is at 7p once 3p is broken properly, this is where the price got stuck last time intraday. I really can see 7p still at some point this week. DYOR! The price rose 350% intraday last time for a month's grace, the SOA is even more of a saving grace.

[treacle32] 23/8/2011 20:47

If the bidder doesn't offer a decent amount of for the shares, the large shareholders have shown their hands with the 10m injection. So the bidder in my view just needs to get the creditors out of the way and offer a very good price for the shares. If they don't offer a decent price for the shares, they'll have to walk away empty handed. Would the big giants really want to walk away from such an opportunity? Could pick up ASTO for 20 million on the shares (7-8p) and whatever get could get agreed with the creditors.

Becomes hell of a lot more attractive if the large debt substantially reduces. How much is ASTO worth then? 15-20p or even more?

It's not about Thursday but in my opinion keep the patience for the next few days/weeks.

Would we see the more larger buys now if Scheme of Arrangement gets implemented? I think so. Will more interested parties surface to get their hands on ASTO? I think so.

[tez123] 23/8/2011 20:42

Sorry to see say this but it looks like the "investor group" are the only ones going to prosper from this if it doesn't go down on thursday.

A private equity placing of around 1p which will be open to them only as the biggest shareholders which will at least let them recoup some of their losses with bigger holdings at the end of it.

why accept a 2p takeover from a bidder when they when they already have a massive loss.

[treacle32] 23/8/2011 20:28

From the 25th July RNS: now we have got the Scheme of Arrangement news..if implemented, what next takeover??? The potential bidder could offer 25p in the pound to the creditors and to get the large shareholders to sell at 7-8p for the shares? If the company had got bust, maybe the creditors could have got 5p in the pound.

'In addition, discussions with a potential offeror have reached a very advanced stage but we have not been able to reach agreement, and as the potential offeror also needs to reach agreement with the banks'.

[treacle32] 23/8/2011 18:41

Seems some good news to me, didn't JJB do something similar when languishing at 5p?

Didn't JJB go down the road of CVA first...and then rises to 35p from 5p levels. Why can't it happen here when the Scheme Creditor Arrangement seems a better option than a CVA. If the takeover doesn't come then we might get more hefty rises et al JJB in the coming weeks? It might be better for us for a takeover to not happen for even bigger gains. With JJB there were constant proposals about fundraising but I don't know exactly what was implemented. I can see good rises soon on the back of today's news espcially once we've broken 3p. I think we might get more of a rise now.

[janekane] 23/8/2011 17:20

in this day and age the creditors will look hard at the proposals ,the alternative is 5p in the pound back on the outstanding invoices

the courts rarely go against the company applying for the Creditor Scheme of Arrangement if they consider its the better option for all parties

25p in the pound is better than 5p in the pound.

When used to reach a compromise with creditors, a scheme of arrangement can keep a company trading rather than being liquidated, which benefits both creditors (assuming it is worth more as a going concern than its assets would be) and shareholders.



hopefully a nice rise tomorrow on the back of this news

[baldeagle5] 23/8/2011 17:17

Paving the way for the takeover. IF its approved then the takeover will be tabled.

[caledoniaman1] 23/8/2011 17:09

So no mention of any potential offer still on the go. It would appear as though we are now going cap in hand to our creditors and if they reject the proposition we are fuc%$ed. Magic :( AIMHO

[deswalker] 23/8/2011 16:44

RNS. Any idea ?