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AssetCo

August 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ASTO
  • Price:
  • 50p
Assetco has announced a five year contract worth £12m with the London Fire and Emergency Planning Authority (LFEPA) for the provision of an emergency fire crew capability service to the London Fire Brigade (LFB). The contract is the first of its kind in the UK and relates to the regulatory requirement of the UK Fire and Rescue Authorities to provide a contingency firefighting service without reliance on the armed forces. Assetco will provide up to 700 trained contingency staff should the main force not be available in the event of exceptional demand such as the 2012 Olympics, terrorism, flu pandemic and strikes. According to Arden the contract adds £0.2m in the first year of training and setup but could add £0.7m profit in futu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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