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 0.0% 75.00 84 00:00:00
Bid Price Offer Price High Price Low Price Open Price
74.00 76.00 75.00 75.00 75.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 0.41 16.13 180.57 0.4 11
Last Trade Time Trade Type Trade Size Trade Price Currency
10:06:04 O 50 74.02 GBX

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Date Time Title Posts
17/1/202320:02Assetco rocking on since ASF takeover2,520

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Assetco (ASTO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-07 12:48:3974.74159118.84O
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Posted at 08/2/2023 08:20 by Assetco Daily Update
Assetco Plc is listed in the Support Services sector of the London Stock Exchange with ticker ASTO. The last closing price for Assetco was 75p.
Assetco Plc has a 4 week average price of 66.50p and a 12 week average price of 57.50p.
The 1 year high share price is 150.50p while the 1 year low share price is currently 57.50p.
There are currently 14,399,320 shares in issue and the average daily traded volume is 125,016 shares. The market capitalisation of Assetco Plc is £10,799,490.
Posted at 03/10/2022 18:53 by microscope
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..

Posted at 30/9/2022 16:31 by microscope
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!

Posted at 11/9/2022 12:08 by arthur_lame_stocks
This may be of interest to ASTO shareholders.


Posted at 21/6/2022 09:33 by topvest
An interesting deal today. SVM Asset Management is run by industry veteran Colin McLean. It's well past its glory days, but a nice addition with £568m AUM. Key points:

- £10.7m deal price is c2% AUM but includes a £9m convertible loan note exercisable by either party into shares at twice the current share price (£14.50)!

- Adds SVM UK Emerging Fund plc, a micro investment trust, of which I have a small shareholding in.

- Adds an Edinburgh base.

- SVM Asset Management has been heavily loss making for years, but made a £2m profit in 2021 apparently. This is maybe due to performance fees or investment gains. I wouldn't expect SVM to be very profitable at its current scale.

- Back-office costs to be shared, might improve profitability.

Anyway, looks like this has been a done deal for some time and is probably a retirement exit for Colin McLean medium term.

If they convert the price into shares, then they now get the deal done for c£5m.

Just shows how difficult it is to value Assetco until things settle down.

A high quality team though, so positive on this one!

Posted at 15/6/2022 22:14 by watling17
The RIV acquisition and time it has taken to complete can be viewed as entirely positive as it has allowed flakey customers and shareholders to exit - a good thing. The equities business now has c£3bn AUM and can grow from this point. The fact that it currently looses money was expected and clearly the new owners will be far more resolute than RIV in slashing costs [that is people and duplicated head office expense - out they all go]. Parmenion may not pay a cash dividend yet but is in great shape as their report and accounts attest; let us say Rize is worth what was paid for it; the equities business, predicated on AUM, has value and there is the cash

All asset managers have wilted of late - including PMI - so whether they are happy or unhappy at not owning RIV, who cares

What is there to sort out one wonders over and above the matters already before the board - the clients who exited are gone but new mandates will be won and no doubt such churn would have been expected

In any event for many RIV shareholders who bought before the bid at sub-220p, the return of capital will repay their investment and leave the ASTO shares as a free ride so again, who cares what the share price does in the short term

Posted at 15/6/2022 11:44 by monet
This should help the shares price, and plans to pay a dividend

We intend to write to shareholders shortly with proposals to instigate a sub-division of the Company's ordinary shares of 10p each ("Ordinary Shares") on a basis to be determined. Such a sub-division would increase the number of Ordinary Shares in issue and the Board believes this would reduce the Company's share price to a level where smaller sized dealings in Ordinary Shares would be more efficient. It should also improve the liquidity, spread and marketability of the Ordinary Shares to a wider group of investors.

The Board recognises the importance some investors attach to receiving a regular income from their shareholdings. It is, therefore, expected that the Company declares a 13.0p interim dividend in Q4 2022. Thereafter, the Company intends to adopt a progressive dividend policy.

"Campbell Fleming, Chief Executive Officer of AssetCo plc, commented:

"We have made good progress in developing AssetCo's listed equity platform, private markets capability and thematic ETF business. At the same time, Parmenion, which provides investment solutions to advisers and their clients, has expanded. The current market environment, alongside the structural shifts taking place within the asset and wealth management sector, supports a strategy of building an agile asset and wealth manager, uninhibited by legacy issues, to meet the needs of investors."

"There is still much to do, but we have the people, products and the financial strength to deliver for clients and shareholders alike. We will continue to invest in our existing businesses, assess strategic opportunities that will add value to our capabilities, and focus on generating organic growth."

Posted at 08/6/2022 19:35 by topvest
Yes, see our posts on the RIV thread. I have exited RIV so won't be taking the ASTO shares.
Posted at 17/2/2022 17:13 by speedsgh
Just bringing us up-to-date...


Under the terms of the Acquisition, holders of RMG Shares will be entitled to receive 0.07392 New AssetCo Shares in exchange for each RMG Share.

Following completion of the Acquisition, RMG Shareholders will own approximately 41.6% of the Combined Group.

As a result of its size, the Acquisition constitutes a Reverse Takeover for AssetCo for the purposes of the AIM Rules. Accordingly, AssetCo will be required to undertake a re-admission process and to publish a re-admission document and to seek the approval of AssetCo Shareholders for the Acquisition at the AssetCo General Meeting. The Acquisition will also be conditional on the approval of AssetCo Shareholders to the granting of authorities necessary for the issuance of the New AssetCo Shares, such authorities to be put to the AssetCo Shareholders at the AssetCo General Meeting.

It is intended that the Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the RMG General Meeting, together with the associated forms of proxy, will be posted to Scheme Shareholders within 28 days of this announcement (or such later time as RMG, AssetCo and the Panel agree) and the RMG Meetings are expected to be held shortly thereafter.

Posted at 01/9/2021 10:50 by tole initiates coverage of AssetCo with buy ratingBy David Campbell 31 Aug, 2021Numis initiates coverage of AssetCo with buy ratingBroker Numis has forecast almost 20% upside as it initiated coverage on Aberdeen Asset Management founder Martin Gilbert's consolidation vehicle, AssetCo (ASTO). with a buy recommendation on the strength of its top-calibre management teamThe analysts named the stock a buy recommendation with a £20.60 price target, up from £16.90, where it currently trades having slipped from a May high of £23.Numis pointed to Gilbert's dealmaking history, where he oversaw a 41% return on capital invested in Aberdeen pre-listing, and a compound annual return of 17% as it matured as a publicly traded company.In addition to Gilbert's long history of overseeing corporate acquisitions, the team of Numis analysts led by David McCann noted the experience of chief executive and deputy chair Peter McKellar, who formerly headed global private markets at Aberdeen Standard, as a critical factor behind their rating.'An investment today is as much about taking a view on management's ability to deliver their strategy, as it is the investments made so far,' Numis said.'We see significant opportunities to build shareholder value and we think this could deliver material upside for shareholders.'While both the business and some of its investments to date remain early-stage and by nature speculative, they said that the likelihood of further dilutive share issues, as the company potentially raises further capital, in addition to key staff risks, are the greatest danger to its outlook.AssetCo has wasted little time since Gilbert led a team of investors who injected new cash into the defunct former fire and rescue business at the start of the year.The company has already taken a major stake in River & Mercantile (RIV) and purchased outright spoecialist exchange traded fund (ETF) provider Rize, value specialists Saracen and financial adviser platform business Parmenion.'We note that the most recent equity raise (£25m gross raised in July 2021, principally to fund the acquisition of Rize ETF), was carried out at approximately a 29% discount to the undisturbed share price at the time, for example (£14.50 vs £20.50),' Numis added.'We would hope and expect the company will be able to continually narrow the discount on any future capital raised, as the company's strategy and portfolio become better understood by the market (of which this research may hopefully play a small part) and as the shareholder base becomes more diversified and institutional.'
Posted at 01/4/2021 08:39 by atlantic57
Let us say asset co value min at 2p a share you get 1 share in asto for every 400
Shares you own in min assuming a mid price of 800 p for asto.

Let us say min shares are valued at 6p. Then you you get 3 asto shares for every 400 min shares owned.

Assetco share price data is direct from the London Stock Exchange
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