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Pin to quick picksAssetco Share News (ASTO)

Share Price Information for Assetco (ASTO)

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Share Price: 35.50
Bid: 35.00
Ask: 36.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.857%)
Open: 35.50
High: 35.50
Low: 35.50
Prev. Close: 35.50
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AssetCo's shareholders pledge more support

Fri, 18th Mar 2011 07:35

AssetCo's major shareholders are rallying round the cash-strapped outsourced fire services provider, ready to chip in with money to boost working capital.Earlier this week the company said that some of its creditors reacted to news that the company is raising fresh funds through a placing by demanding earlier payment of monies owed.This has put constraints on working capital and endangered the success of the share placing, so a number of the major shareholders of the company have indicated that, in the event that AssetCo cannot meet its needs from banking sources, they would be prepared to provide additional support for the company's requirements. This support is subject to a maximum of £10m, which the company believes should be more than ample to meet its needs. If the support is provided by means of further equity it is intended that it would be at not less than the placing price of 10 pence per share, the company said. Andy Hanson, analyst at Northland Capital Partners, said: "We view this morning's statement as disappointing but not unsurprising. Initially the company stated its financing requirement at £8m but today's statement suggests that the real figure is closer to £26m. We would hope this resolves the immediate financing issues and the placing completes without any further hitches on Tuesday 29th."
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25 Mar 2022 13:28

IN BRIEF: River & Mercantile widens half-year loss, ups revenue

River & Mercantile Group PLC - London-based advisory and asset management company - More than doubles its loss in the first half of its 2022 financial year. It posts a loss of GBP13.4 million for the half-year ending on December 31, widening from GBP6.0 million a year ago. Revenue grows 4.2% to GBP13.5 million from GBP12.9 million. As previously reported, subject to shareholders' approval and change of control permission being granted by the Financial Conduct Authority, River & Mercantile will soon be part of AssetCo PLC, Chair Jonathan Dawson says.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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18 Feb 2022 18:20

TRADING UPDATES: Annual profit hikes for AssetCo and TBC Bank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Feb 2022 14:44

AssetCo performa well as it plans River and Mercantile takeover

(Sharecast News) - Asset and wealth management company AssetCo reported £9.6bn in assets under management in its preliminary results on Friday, up from nil year-on-year.

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1 Feb 2022 11:47

River & Mercantile completes sale of solutions arm to Schroders

River & Mercantile completes sale of solutions arm to Schroders

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TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

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25 Jan 2022 14:43

River & Mercantile agrees to GBP99 million AssetCo takeover

River & Mercantile agrees to GBP99 million AssetCo takeover

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25 Jan 2022 14:28

UPDATE 2-Acquisition vehicle AssetCo to buy UK investment firm River & Mercantile

(Adds RMG's sale of U.S. Solutions business, updates share move)Jan 25 (Reuters) - UK-based acquisition vehicle AssetCo said on Tuesday it will buy investment and consulting firm River & Mercantile Group (RMG), in a deal, which along with a plann...

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25 Jan 2022 14:28

UPDATE 1-Acquisition vehicle AssetCo to buy UK investment firm River & Mercantile

(Adds detail, chairman comment, shares)Jan 25 (Reuters) - UK-based acquisition vehicle AssetCo said on Tuesday it will buy investment and consulting firm River & Mercantile Group (RMG), in a deal, which along with a planned capital return, will va...

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25 Jan 2022 12:45

AssetCo to buy River and Mercantile in £98.8m deal

(Sharecast News) - Acquisitions vehicle AssetCo has agreed to buy asset management firm River and Mercantile in an all-share £98.8m deal.

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24 Jan 2022 19:04

PRESS: AssetCo close to agreeing deal to buy River & Mercantile

PRESS: AssetCo close to agreeing deal to buy River & Mercantile

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18 Jan 2022 14:51

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

IN BRIEF: River & Mercantile extends deadline for AssetCo offer

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