Updates

AssetCo

January 2011

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.

Assetco's latest interims are very much a watershed, reflecting the much sharper focus that has returned to the outsourced fire and rescue service. Overall revenues were up 4% to Â£17.1m and pretax profits increased by 22% to Â£4.2m. EPS grew by 2% to 3.2p. Recourse debt at the period end was Â£18.4m whilst non-recourse debt due to its PFI contracts was Â£59m.Since the results, Assetco has taken its recent refocusing to the logical conclusion of selling its remaining equipment manufacturing divisions, which provide ladders and gantries, hose-reels and other rescue equipment, for Â£5.25m. The businesses usually make Â£1m and the disposal is eps dilutive in the short-term. That said, it does mean that Assetco has a more focuse ...

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KSK Power

Severfield Rowen

AssetCo (August 2011)

AssetCo (April 2011)

AssetCo - A compelling investment on a PE of 3 (March 2011)

AssetCo (July 2010)

AssetCo (May 2010)

AssetCo (January 2010)

AssetCo (November 2009)

AssetCo (August 2009)

AssetCo - Abu Dhabi fire contract could be worth Â£1 billion (July 2009)

AssetCo (April 2008)

AssetCo (March 2008)

AssetCo - New bid opportunities in 2008 (January 2008)

AssetCo - 20-year fire and rescue contracts (May 2007)

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.

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