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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 36.00 | 37.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 16.72M | -26.7M | -0.1874 | -1.95 | 52M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 36.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/3/2025 | 14:30 | UK RNS | AssetCo PLC Results of General Meeting and Total Voting Rights |
| 06/3/2025 | 07:00 | UK RNS | AssetCo PLC Preliminary Results Announcement for 2024 |
| 21/2/2025 | 13:29 | UK RNS | AssetCo PLC Holding(s) in Company |
| 13/2/2025 | 08:00 | UK RNS | AIM Schedule One - AssetCo Plc |
| 12/2/2025 | 07:00 | UK RNS | AssetCo PLC Circ re. change in record date and timetable |
| 28/1/2025 | 07:00 | UK RNS | AssetCo PLC Share Reorganisation, Notice of AGM & Results |
| 09/9/2024 | 15:03 | UK RNS | AssetCo PLC Director/PDMR Shareholding |
| 26/7/2024 | 13:49 | ALNC |  DIRECTOR DEALINGS: Wise chair sells GBP1.8 million in options shares |
| 26/7/2024 | 09:20 | UK RNS | AssetCo PLC Director/PDMR Shareholding |
| 22/7/2024 | 15:13 | UK RNS | AssetCo PLC Holding(s) in Company |
Assetco (ASTO) Share Charts1 Year Assetco Chart |
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1 Month Assetco Chart |
Intraday Assetco Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/3/2025 | 09:00 | Assetco rocking on since ASF takeover | 2,674 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 19/3/2025 08:20 by Assetco Daily Update Assetco Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker ASTO. The last closing price for Assetco was 36.50p.Assetco currently has 142,474,072 shares in issue. The market capitalisation of Assetco is £52,003,036. Assetco has a price to earnings ratio (PE ratio) of -1.95. This morning ASTO shares opened at - |
Posted at 10/3/2025 09:00 by patrickbateman87 Balance sheet in latest results RNS - https://www.londonst |
Posted at 07/3/2025 15:11 by patrickbateman87 It is definitely weird and seemingly no real price discovery yet. VERY conservatively if you value A shares on 0.5x NAV and B shares on Parmenion stake at £50m (well below range) that gives me 44p a share. Combined mid point of both shares seems to be 42p. So both seemingly pricing in pretty negative view of values. Up from yesterday pre split but thinking still cheap. |
Posted at 28/2/2025 12:51 by sphere25 Yeah SpectoAcc, the price move now is suggesting a form of release here. They are still coming in nicely here to buy. The current buying is close to the offer of 35p presently, and the price is moving on alot less buying, so it could breakout.If the price is threatening a break higher, you would think that the sellers who don't want to hold before the split might have sold now, or the price just sits down at 31.5p. We're now up at 34.5p with the offer of 35p probably going to get cleared the way these streams of buys are coming in. Next week key dates: Results: 5th March Record date: 6th March Expected new listing of split shares: 7th March It looks like buyers here must at the very minimum get back this amount. The bar is low because the market is garbage, but an encouraging price move, which might suggest some cause for optimism next week and the weeks after. Ooerr...too much bullish? Roll on next week! All imo DYOR |
Posted at 26/2/2025 14:19 by spectoacc Feel you're right - good riddance to the Welsh Wizard, with his ability to make money disappear (don't know what he paid to acquire his stake in ASTO, but guessing there isn't a profit there).Just Panmure on the offer now, bid up to 32.4p. |
Posted at 24/2/2025 14:12 by theisland I share your view @spooky and your argument regarding a possible link between the timing of a sale and cost of loan makes sense and it’s an interesting intuition.However, if we want to reason about what could go wrong, key risk here is not related to the timing of Parmenion sale IMO: it’s a cash generative growing business with favorable structural trends - being it sold within one year rather then within three years makes little difference I believe… Nor the value of the sum of the parts in Assetco which clearly gives a good headroom on current market cap is concerning, I believe. I mean, we can stay here splitting hairs and it’s all fun and interesting, but you don’t have to be a rocket scientist to see that Assetco shares are mis-priced IMO… The more I think about the situation the more I’m convinced key risks here relates to rights of minority shareholders after split - particularly in regards to B shares as @jane deer highlighted in a very well reasoned comment which was a bit of an eyes opener for me. |
Posted at 23/2/2025 12:25 by theaim1990 Thanks Jane.Agree with you, still I do not fully see why selling now instead of in two weeks (or indeed instead of 6 months ago). Why would you prefer it? Actually Parmenion releases a group report (ie P + ebi) on their website in June for the year, then publishes the full accounts in September (and so does ebi). Agree there is little colour around how the structured interest is valued. However, it is interesting to notice the latest fund raising at Fundment. Fundment (a competitor with 500adv firms and 25,000 clients) last month completed a series C raise, valuing the company at "around £250m" (see citywire article on this). Fundment has <1/3 of Parmenion's (ex-ebi) clients and advice firms, and was barely profitable for the year (against the 17.9m or 39% ebitda margin at P). This is to say that it doesn't sound crazy to assume P to be worth at least as much as Fundment (a 3-times smaller, barely profitable, comparable). £250m means 75m for 30%. There is a reference to some equity being distributed to Parmenion management in case the sale value will be above certain unspecified amounts. In a recent interview, Mills valued the "fully diluted 25% equity interest" min 50m, to be summed up to the c.28m of 10%-interest PIK loan notes. So this is another bridge to the 75m. Another thing is that P generates over 10m in free cash flow per annum, so there will be at least 23m of cash sitting in their balance sheet now. This is likely to be added on top of the Ebitda multiple valuation, or a divi. ebi doubled in size and has been profitable for the last few years, too. Preservation Capital has an average holding period of 5to7 years, and they are just completing their 4th. Finally, Asto (or River in a couple of weeks) will provide an updated independent P valuation at the end of the year (and an internal estimate at H1) As per the other piece of the puzzle, the asset manager, it has between 2.5bn and 3bn aum, generates around 14.5m of revs, costs of 18m per annum to be reduced by 3m and 0.6m (ie should break even in 25). Lets give it an 0.75% AUM valuation, 20-21m. It also has 10m+ of cash (minus the loss for the second part of the year, but will receive 2.7m from Ark in March). Knowles was a remarkable recruit, and River seems also discussing launching ETFs with Ark. This is to say that I could see a small-medium sized asset manager buying/merging with River at 25-30m (incl cash), with 30m being 20-22p. I'd be interested if someone could explain me how the PIK loan interest works for B shares, as the RNS states B holders will be entitled to that too. |
Posted at 22/2/2025 12:42 by bmcollins @janeThanks for this insightful comment, I confess to not knowing previously many of the points that you raise and the rather convoluted holding structure of the B shares is certainly a potential issue. I am feeling rather less bullish on ASTO now than I was before you posted this. Thanks again for laying it out like you have. |
Posted at 20/2/2025 12:15 by orinocor For information purposes only this is the current share price performance since the release of the Investor Chronicle bargain portfolio 2025anic +35% K3 +30% tavi +20% crl +13% crs +7% vle +5% carr +4% asto +0% |
Posted at 18/2/2025 11:42 by theisland How is possible that the stock doesn’t move? Reorganization must serve to release at least some value here… What is keeping share price from rising? Any structural reason related to the reorganization that creates some forced seller in the short term? Or am I missing something on the side of fundamentals? |
Posted at 30/1/2025 21:01 by ohisay As a reminder this was part of ST's piece in I/C last year.+(ASTO:31p) has slashed its operating loss and identified further cost savings to help the asset management group towards profitability. It is also spinning off its 30 per cent stake in Parmenion, a highly profitable B2B investment platform for the UK wealth and advisory sector. Parmenion is benefiting from the digital transformation in the asset and wealth management industry. AssetCo booked interest income of £1.6mn from its investment in the group’s latest accounts. The stake was valued at £75-90mn (53p to 63p) on 20 September 2023, or a multiple of around 12-13 times cash profits, since when Parmenion has increased assets under management and administration by 10 per cent to £11.7bn. Analysts at Panmure Liberum note that “ongoing consolidation in the sector and a reducing number of available quality targets, suggest that the independent valuation is underpinned. However, even if the market wanted to be more cautious a £50mn valuation [post the demerger] would be worth 35p per AssetCo share.” The investment is held in the group’s accounts at only £25.8mn (18.1p). So on this very conservative assumptiom you are getting everything other than Parmenion in the price for free after the demerger. |
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