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
  0.00 0.0% 345.00 320.00 370.00 345.00 345.00 345.00 1,445 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 22.9 1.4 11.6 29.7 4

Assetco Share Discussion Threads

Showing 2076 to 2096 of 2300 messages
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
09/9/2011
15:03
Game is completely over give it a rest son. The company is majority owned by the 3 instis who are brokering this deal. It dont matter a toss who votes against it .
rorrys
09/9/2011
15:01
EC- True. And yes, it's nice to have something to laugh about. This dilution really came as a surprise. Didn't rule out 10p as a possibility, counted on 2p lately, worst case scenario was 1p. But 0.2p or so and together with the warrants diluted into non-existence? No way. It cost me dearly. Guess, you live and learn. Am trying to find out what percentage of votes is needed to get the resolutions passed. Maybe 75%? Game might not be over yet.
greedfear
09/9/2011
15:01
If the "placing" price is at £2.00 then he will be able to buy several books on investing not just one.But a significant loss none the less. The nominal value is all that matters at present.
rorrys
09/9/2011
14:59
I appreciate your comments both 'Effortless Cool' 'greedfear' and 'RorryS'. I take that I lost roughly around 90%. FYI I invested hoping for the takeover, the negotiations which had reached a very advanced stage. Do you think it can still happen? Thanks
spiker4
09/9/2011
14:51
greedfear - you beat me to it. For such an investmnet genius, he does seem rather stupid. At least he's giving you something to laugh at in adversity.
effortless cool
09/9/2011
14:50
But: you're wrong here, aren't you? Strange as this is basic knowledge.
greedfear
09/9/2011
14:50
RorryS - 9 Sep'11 - 15:37 - 2084 of 2085 It never ceases to amaze me how many people on these threads who invest in shares yet cant do the simplest and most basic arithmetic nor read and understand statements from the Company concerned. 200,000 shares divided by 1,000 = 200 new shares at 10p = £20. Simples :) RorryS, It never ceases to amaze me that so many of the people on these threads that invest in shares can't do the simplest and most basic arithmetic nor read and understand statements from the Company concerned. If you knew anything about shares, you would understand that the nominal value of each new share - 10p - is completely different and, indeed, unrelated, to its price. The price will probably be about 2 pounds, which is the placing price. 200,000 shares divided by 1,000 = 200 new shares at 2 pounds = 400 pounds. As you say, simples.
effortless cool
09/9/2011
14:44
" RorryS - 9 Sep'11 - 15:37 - 2084 of 2084 It never ceases to amaze me how many people on these threads who invest in shares yet cant do the simplest and most basic arithmetic nor read and understand statements from the Company concerned. 200,000 shares divided by 1,000 = 200 new shares at 10p = £20. Simples :)" Simples, but very wrong! 10p will be the nominal value and that's no indication of the value whatsoever. The placing price is a better indication: 200 x 2 = 400 GBP.
greedfear
09/9/2011
14:40
What is evem more amazing is how when the company itself released a clear and concise warning that "SIGNIFICANT" dilution was imminent that people chose to ignore it and continue muntering on about how much "free money" they were about to earn. Utterly incredible innit!!!!
rorrys
09/9/2011
14:37
It never ceases to amaze me how many people on these threads who invest in shares yet cant do the simplest and most basic arithmetic nor read and understand statements from the Company concerned. 200,000 shares divided by 1,000 = 200 new shares at 10p = £20. Simples :)
rorrys
09/9/2011
14:32
spiker4, I would reckon you have lost about 90% of the value, but you won't now until the suspension is lifted.
effortless cool
09/9/2011
14:31
Or put it this way once you pay your dealing cost to sell your new consolidated shares (if agreed Admin is still possible) you may have just enough to buy a book on investing. May I suggest Robbie Burns "The Naked Trader" it is a good place to start for beginners. (Your 200k shares are worth £20)
rorrys
09/9/2011
14:27
You have lost your crediblity along with some dignity I,ll be bound.
rorrys
09/9/2011
14:17
I bought 200,000 shares at a price of 2.4 pence. Does anyone know how much loss I will have after this dilution. I am a newbe and don't have much knowledge about share dilution. Thanks
spiker4
09/9/2011
13:03
the placing is at over an 80% discount to the share price....looks like we've been hammered here:-(
pre
09/9/2011
12:58
Fair play to those who called it right.
treacle32
09/9/2011
12:52
RorryS. You know you're right, 99% of the people who've read your posts knew you were right and I'm really not sure who does get suckered into buying shares by talk on these boards. Anyone who does deserves everything they get for not researching properly. Treacle and others really are only talking to themselves and hoping to ensnare a good argument. Best leave it now in the moral ascendency:-) As for the announcement..... 1) Not suprised as to the dilution, had written any hope of a solution a long time ago. 2) Somewhat annoyed to find the pref shares being allocated at 1000x what we were told they were worth last time. 3) Annoyed that we were not told that the London contract's financing was so out of kilter with it's income as to be in need of more funding. We were led to believe that the payment of dividends and investment in the UAE had led to the cash shortfall, not that the contrat was fatally flawed on its own. i've looked at old posts I made on TMF about Asfare - I should have bottled out when they were taken over....
jockblue
09/9/2011
12:48
Greedfear , your last post says all there needs to be said about you. I strongly urge you to give up the investing game . You are clearly in complete ignorance of the entire machinations of the market.
rorrys
09/9/2011
12:45
In fact I called it bang on the nail with my prediction of events. Well done Rorry!!!!! :)............well nobody else is . RorryS - 1 Sep'11 - 14:52 - 1996 of 2070 edit I will leave you to work it out . But think on this one very important point ,very important and pertinent. The market rarely gets it wrong. Many many financial analysts have gone over this co with a fine toothcomb recently. People who understand a balance sheet. If for one second the markets thought there would be a miraculous placing at 10p and all would be well then the share price would be sitting at circa 9p and it would have done so in a micro second. If a consolidated placing takes place at 10p then it will value your 2p shares at a fraction of a penny poss as low as .0020 I can absolutely guarantee you that your 2p shares will be worth much less after any successful placing. There of course remains the fact that they may not get the agreements they need and it will go into recivership At this moment in time the company is insolvent and my only surprise is that the shares have not been suspended pending clarification of their position. That could happen yet by the way.
rorrys
09/9/2011
12:44
Why apoligize? You saw things differently and was right. It prevented you from losing money. I've lost money (a lot) because of my ideas. That's enough, can't think of any reason to apologize to you.
greedfear
09/9/2011
12:40
Oh dear Oh dear you seem to have gone all quiet Treacle ???????? Lets be honest here I couldnt give a tuppenny toss as to how much you lost I hope in fact that it was a significant amount it will teach you a very valuable lesson in life. There is no such thing as a free lunch. I do however feel sorry for the poor easily led sods that you suckered into this dog with all your ramping rhetoric and promises of easy money. I take it you will do the right thing and refund them their losses out of your own pocket ?
rorrys
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