Very unusual to have a full deck of Broker Buys but it looks to me on a forward P/E of just 4.7 to 2011 and 4.3 to 2012 its very much under valued.

(figures from hemscott premium)

AssetCo PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arden Partners
13-09-10 BUY

Astaire Securities
06-09-10 BUY 13.50 12.50 1.30 14.50 13.40 1.40

Fairfax IS
28-06-10 BUY 11.00 9.70 12.90 11.20

Eden Group
06-05-10 BUY

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 12.49 11.37 0.00 13.86 12.51 0.00

1 Month Change 1.49 1.67 0.00 0.96 1.31 0.00
3 Month Change 0.99 1.17 -1.35 0.46 0.81 -1.45


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 149.74% 27.76% 10.04%
DPS 27.44% % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 24.46m m m

EBIT 17.42m 16.80m 18.90m

Dividend Yield 2.29% % %

Dividend Cover 7.12x x x

PER 6.12x 4.79x 4.36x

PEG 0.04f 0.17f 0.43f

Net Asset Value PS 5.48p p p

On a march here now.

Buys coming in nicely now this morning here.

Would expect an upward movement to-morrow prior to EX Div then always interesting to see if it is sustained !

Indeed, indeed.

late yesterday............

AssetCo PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arden Partners
28-09-10 BUY 10.40 9.20 3.00 11.80 10.30 3.50

Would you like to educate me on what the meaning of these figures are from Arden Partners !

on the move today, management statement due shortly.

Yep I was wondering what the heck had been going on for the last hour or so.

Do you reckon we have a bid halifax?.

management progress report due.

Lifted from across road.

I've not seen or know a confirmed date for this year but there was a TS on 30-09-2008 and on 05-10-2009 so we can't be far off....


Could be a good one.

Bullish looking chart from friday.

Excelent news.....

AssetCo PLC
Trading Update
RNS Number : 7619T
AssetCo PLC
04 October 2010







4 October 2010



Update on Trading








AssetCo plc (AIM:ASTO), the International Fire and Rescue Services business, provides an update on trading for the half year ended 30 September 2010.



Trading has remained strong and the Board is confident that the financial performance of the Company will remain in line with expectations.



The Board is pleased with the continued positive progress being made in the UK and UAE.

The Company is expected to announce Interim Results in early December 2010.



Enquiries:



AssetCo plc
+44 (0) 20 8515 3999

John Shannon, Chief Executive Officer



James Collins, Investor Relations








Arden Partners plc
+44 (0) 20 7614 5932

Richard Day



Adrian Trimmings








Cadogan PR
+44 (0) 7771713608

RNS possible bid coming.

Assetco in cash crunch

http://www.growthcompany.co.uk/news/1603553/assetco-in-cash-crunch.thtml

They own both London and Lincolnshire fire service transport as well as a bucket load of emergency service communication networks. Central gov has too much at stake to watch this fall.

Theyll get the funding, may sell off a couple of sidelines like vehicle body builders, but then sign the new contracts and up to the 50p level again.

I hope!

See 2nd from bottom para.



* Biggest Mideast defence show comes amid regional unrest

* More deals expected in coming days


ABU DHABI, Feb 21 (Reuters) - The United Arab Emirates awarded $1.1 billion of defence contracts to local and international firms with more deals to come this week, signalling continued military spending by the oil exporter.

Global arms manufacturers are vying for deals worth billions of dollars at the Middle East's largest defence expo - International Defence Exhibition & Conference (IDEX) - which opened on Sunday in Abu Dhabi.

Heightened security concerns due to political unrest in parts of the Arab world and worries over Iran's nuclear ambitions could see the oil-rich Gulf states enhance their spending on defence.

The biggest three deals went to local firms on Monday with the largest, valued at 993.5 million dirhams ($270.6 million), awarded to Abu Dhabi Aircraft Technologies to upgrade and arm 23 Sikorsky's BlackHawk UH 60M helicopters.

Another deal worth 853.6 million dirhams was awarded to Emirates Response Service and Britain's Assetco Plc (ASTO.L) to provide fire fighting services, human resources, equipment and maintenance.

"Some of these deals were signed just before IDEX. In the coming few days we will sign more deals," Major General Obeid al Ketbi, the IDEX spokesman told reporters on Monday.

RNS

AssetCo Fire and Rescue, is pleased to announce that following the establishment of its joint venture with Emirates Advanced Investments the joint venture has been awarded a 120m contract to provide a fully outsourced firefighting service by the GHQ UAE Armed Forces. The contract, which is for an initial 5 years (with a 5 year extension), involves a total turnkey solution for the provision of personnel, training, operational equipment and facilities management, and follows the award to AssetCo in March 2010 of the first contract of its kind in the UAE. The revenue impact for the AssetCo group is expected to be at least 40m over the initial 5 years.





John Shannon, Chief Executive Officer, commented:



"To have achieved success with our partners at Emirates Advanced Investments so early into our JV relationship, is a strong endorsement of the operating model we have established and the calibre of the team we have recruited during the first year of our pilot contract. We have the lead role to continue to develop and deliver an outsourced fire and rescue service in the UAE working with established Government agencies and a highly motivated local workforce."

Price is up to 27. But TD will only let me sell at 25.05 for the last 5 mins.

Why?

looks good to me...........

http://www.investegate.co.uk/Article.aspx?id=201102230700126848B

Update



The board of Assetco is continuing to look at all opportunities for shareholder value, and as previously announced on 21 March 2011 the company is in dialogue with an investor group regarding financial support, but as announced on 12 May any proposal for a future fundraising would be dependent upon the Company agreeing a sustainable and appropriate financing structure with its bankers.



We continue to have constructive discussions with all parties whilst we prepare our proposals for a financial restructuring, and the banks lending to our operating subsidiaries, that carry out the contacts to support the Fire Services contract, are generally supportive regarding the short term financing situation. However, Northern Bank based in Belfast, Northern Ireland, has lodged a creditors' petition in respect of its debt of 1.3m owed by the holding company. This effectively seeks to improve the banks'position, and the position of its guarantor, ahead of other banks and creditors, and if not settled the petition will be heard on 29 June 2011. The board considers that it would be inappropriate at this particular time to pay one bank in full ahead of other banks as the objective is a financial restructuring for the benefit of all stakeholders.



The Company also continues to be in an Offer Period under the Takeover Code.