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ASTO Assetco Plc

32.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Assetco Plc LSE:ASTO London Ordinary Share GB00BQ2K3557 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 32.50 32.00 33.00 32.50 32.50 32.50 247,519 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 8.18M -8.44M -1.0018 -0.32 2.74M
Assetco Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker ASTO. The last closing price for Assetco was 32.50p. Over the last year, Assetco shares have traded in a share price range of 31.00p to 62.00p.

Assetco currently has 8,424,847 shares in issue. The market capitalisation of Assetco is £2.74 million. Assetco has a price to earnings ratio (PE ratio) of -0.32.

Assetco Share Discussion Threads

Showing 2101 to 2122 of 2575 messages
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DateSubjectAuthorDiscuss
09/9/2011
15:31
The relevant part of the statement that you should be taking note of.

"SELL IT ON LESS FAVOURABLE TERMS "

rorrys
09/9/2011
15:29
Oh for christs sake try and learn to read it will benefit you in the future.
The only possible benefit it could have for you is by going into admin and giving you a tax loss you can set of against gains in other stocks.

rorrys
09/9/2011
15:22
The part I'm having troubles with is that if the resolutions are passed current shareholders will end up having 1-2% of the company.

Maybe I'm better off if the company goes into administration/liquidation whatever, current shareholders being entitled to 100% of what's left.
Maybe a white knight shows up if the company "collapses".

I do not rule out the possiblity that there allready is a buyer for the company. Keeping a very low profile, waiting for the creditors agreement to happen.
Maybe it's allready agreed upon between the buyer and the investors group.

greedfear
09/9/2011
15:18
greedfear, im afraid Rorrys is correct, if the resolutions do not pass shareholders will come out even worse off.
bobbydakid
09/9/2011
15:10
Which part of this are you having problems with ?

IF THE RESOLUTIONS ARE NOT PASSED OR IF THE SCHEME OF ARRANGEMENT DOES NOT RECEIVE THE APPROVAL OF THE SCHEME CREDITORS AND THE COURT THEN THE COMPANY MAY BE WOUND UP SAVE IN THE EVENT OF AN OFFER BEING RECEIVED. CERTAIN PARTS OF THE GROUP WILL BE UNLIKELY TO BE IN A POSITION TO MEET THEIR LIABILITIES AS THEY FALL DUE, FORCING THE DIRECTORS TO EITHER PLACE ASSETCO PLC INTO ADMINISTRATION, SELL IT ON LESS FAVOURABLE TERMS OR RESULT IN THE COMPANY BEING WOUND UP BY THE COURT. IN SUCH CIRCUMSTANCES, IT IS NOT EXPECTED THAT THE SHAREHOLDERS WOULD RECEIVE MORE THAN NOMINAL VALUE FOR THEIR CURRENT SHAREHOLDING.

rorrys
09/9/2011
15:06
spiker- Can't rule anything out, but taken into account the way the BOD and the Investors Group f... us I think any takeover will take place after the share reorganization. No good to us as we're entitled to 1,5% (taking the warrants into account) of what will be offered.

I'm thinking: better try to vote no and see what happens. Have to think about the options here.

greedfear
09/9/2011
15:05
If this gets implemented then I'll just wait for around £10 on the share price to get my money back.
treacle32
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:-(
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