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Assetco PLC Ord 10P (ASTO)

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23-Mar-2011 03:18 PM

AssetCo appoints interim chairman

AssetCo has appointed Tudor Davies as interim chairman with immediate effect. The firm also announced the appointment of Christopher Mills as a non-executive director. Tim Wightman has stood down from the position of chairman. At 3:18pm: (LON:AST
14-Mar-2011 02:22 PM

Arcapita confirms it made approach for AssetCo

Arcapita Bank has confirmed that it made an approach to AssetCo with an indicative cash proposal which was rejected by the board. Arcapita said the approach was supported by AssetCo CEO John Shannon. Arcapita says it is still considering its options in
14-Mar-2011 08:32 AM

AssetCo rejected takeover approach

AssetCo has confirmed that it received and rejected a preliminary takeover approach. The firm - which will seek shareholder approval next week for a placing to raise £16m - said the board's independent directors considered the approach to be opportu
23-Feb-2011 09:26 AM

AssetCo needs waivers on bank facilities

AssetCo says it needs waivers of certain bank facilities to carry on with its equity-placing plan. The firm said it continues to pursue discussions with various parties to address short term funding and liquidity issues and continues to have the support
21-Feb-2011 04:11 PM

AssetCo JV wins £120m UAE contract

AssetCo Fire and Rescue's joint venture with Emirates Advanced Investments has won a £120m contract by the UAE Armed Forces to provide a fully outsourced firefighting service. The contract, which is for an initial five years with a five-year exten
14-Feb-2011 09:56 AM

Assetco discontinues talks on potential offer

Assetco has discontinued talks over a potential offer to concentrate on short-term issue. Story provided by
14-Feb-2011 07:36 AM

Assetco discontinues talks on potential offer

Story provided by
08-Feb-2011 04:02 PM

AssetCo financing talks more protracted than anticipated

AssetCo says talks to restructure its non recourse asset financing and associated shorter term debt have proved more protracted than anticipated and remain ongoing. The board is continuing to pursue various alternatives to satisfy its debt requirements,
23-Dec-2010 10:09 AM

AssetCo £5.25m disposal

AssetCo has disposed of Supply 999, Todd Research and AS Fire & Rescue Equipment for £5.25m to Spring Ventures. Consideration is £4.25m cash and £1m cash deferred until 31 March 2011 based on turnover and profitability levels. The three businesses had
13-Dec-2010 09:28 AM

AssetCo pre-tax profits dip

First half pre-tax profits at international fire and rescue services firm AssetCo fell to £3.4m - down from £3.6m last time. But the firm said its underlying revenues - excluding one-off events - grew 13% year-on-year and operating profits rose to £6.3m
04-Oct-2010 08:55 AM

AssetCo in line after trading remains strong

International fire and rescue services group AssetCo's board is confident its interim financial performance will remain in line with expectations. The firm said trading has remained strong and the board is pleased with the continued positive progre
25-Jun-2010 07:57 AM

AssetCo pre-tax profits up 831% at £12.1m

International fire and rescue services firm AssetCo's full year pre-tax profits jumped 831% to £12.1m. EBITDA for the year to the end of March rose 41% to £24.9m and net debt fell 10% to £68.5m while the dividend rise to 1.5p per share from 1.25p la
22-Jun-2010 11:31 AM

AssetCo finals on Friday

AssetCo will release its results for the year ended March 31 will on Friday (25 June). Story provided by
12-Apr-2010 09:07 AM

AssetCo confident of meeting market expectations

Fire and rescue services provider AssetCo is confident its full year results will meet market expectations despite the difficult economic environment. The company said it had continued to reposition its activities as a pure support services business. L
23-Feb-2010 11:31 AM

Morning broker moves round-up

AssetCo initiated at Astaire with buy rating and 71p price target. Brown Group upgraded to buy from neutral at UBS, target price lifted to 250p from 255p. Reckitt Benckiser downgraded to hold from buy at Panmure Gordon, target lifted to 3650p from 3380p
15-Jan-2010 10:51 AM

AssetCo vehicle assembly arm enters administration

Support services business AssetCo's vehicle assembly business UV Modular has been placed into administration. AssetCo says the move is in line with a statement at its interims that following a strategic review it would seek to exit low- margin bus
07-Dec-2009 08:25 AM

AssetCo pre-tax profits fall

First half pre-tax profits at AssetCo fell to £5.4m - down from £6.6m a year ago. But profits from its core integrated support services for the six months to the end of September were up 25% to £3.9m (2008: £3.1m). It said the financial results last yea...
19-Nov-2009 02:55 PM

AssetCo sets date for interims

AssetCo plc, the provider of integrated support services to the emergency services in the UK and UAE, will announce esults for the six months to the end of September on 7 December. Story provided by Business Financial Newswire...
05-Oct-2009 08:45 AM

AssetCo remains in line with expectations

Support services firm AssetCo is confident its financial performance will remain in line with expectations. The firm said trading has remained strong and it was pleased with with the continued positive progress being made in the UK and UAE. The company ...
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