AssetCo (ASTO)

Sector:

Support

Index:

FTSE AIM All-Share

32.25p
   
  • Change Today:
    -0.25p
  • 52 Week High: 60.50
  • 52 Week Low: 31.00
  • Currency: UK Pounds
  • Shares Issued: 143.94m
  • Volume: 118,374
  • Market Cap: £46.42m
  • RiskGrade: 485

AssetCo served notice by 'major' Abu Dhabi client

By Iain Gilbert

Date: Tuesday 16 Oct 2018

LONDON (ShareCast) - (Sharecast News) - AssetCo told investors on Tuesday that a major client in the United Arab Emirates had informed it of its decision to sever ties with the firm.
The AIM-listed outfit received a letter on Monday advising it that the Presidential Special Guard, one of its major Abu Dhabi-based clients for firefighting services, intended to take its business elsewhere.

Presidential told AssetCo that it will now get its firefighting services from the same firm that provides services to the whole of the Abu Dhabi Military.

AssetCo said management was in "the early stages" of discussions regarding future arrangements with Presidential and that it will update shareholders on the matter, as well as revealing new information regarding its ongoing litigation against Grant Thornton, in due course.

Last year, Thornton was hit with a £2.3m fine by the accountancy watchdog for its part in a scandal that almost brought AssetCo to its knees in 2011.

The watchdog found that Thornton, Britain's fifth largest auditor, "fell significantly short of the standards reasonably to be expected" following an investigation of its auditing.

Three senior executives at AssetCo, which also leased fire engines to the London Fire Brigade, were also banned from the accounting profession for a total of 42 years back in August.

John Shannon, former chief executive of Assetco; Raymond Flynn, its former chief financial officer; and Matthew Boyle, who was financial controller, were fined a total of £500,000 for misconduct and "facilitating fraud".

As of 1200 BST, AssetCo shares had slipped 3.90% to 370p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AssetCo Market Data

Currency UK Pounds
Share Price 32.25p
Change Today -0.25p
% Change -0.77 %
52 Week High 60.50
52 Week Low 31.00
Volume 118,374
Shares Issued 143.94m
Market Cap £46.42m
RiskGrade 485

AssetCo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.88% above the market average34.88% above the market average34.88% above the market average34.88% above the market average34.88% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
73.03% below the market average73.03% below the market average73.03% below the market average73.03% below the market average73.03% below the market average
86.14% below the sector average86.14% below the sector average86.14% below the sector average86.14% below the sector average86.14% below the sector average
Income
5.30% above the market average5.30% above the market average5.30% above the market average5.30% above the market average5.30% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
58.44% above the market average58.44% above the market average58.44% above the market average58.44% above the market average58.44% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AssetCo Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Dec-22 n/a
Paid 23-Dec-22 n/a
Amount 1.30p 0.000p

Trades for 28-Mar-2024

Time Volume / Share Price
10:07 10,000 @ 32.15p
09:33 2,500 @ 32.50p
09:25 12,474 @ 32.10p
09:22 3,076 @ 32.50p
09:20 4,610 @ 32.10p

AssetCo Key Personnel

Chair Martin J Gilbert

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