Timestamps
00:00 Equity outlook
02:15 Peel Hunt
05:20 Argentex
08:55 Assetco
11:30 ActiveOps
15:40 Fintel
18:50 Tribal Group
22:15 Silver Bullet Data Systems
26:05 Windward
30:15 Costain
35:10 Watkin Jones
38:55 Capita
42:10 Elixirr International
44:45 Franchise Brands
47:55 Learning Technologies
51:45 Kooth
54:45 EKF Diagnostics
57:15 Diaceutics
59:50 Loungers
61:55 Premier Foods
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Hi Paul, long time fan of your content, as well as being hugely envious of your track record - keep up the good work in both regards! I happen also to be a fan of AssetCo as an asymmetric bet at current levels. The main positives being: Dreadful sentiment towards the entire U.K. asset management industry at present, the substantial hidden value within their holdings to which, at 37p a share, the market seems to be giving extremely little credit and the considerable expertise amongst those involved in the company. I'm just curious as to why you have chosen to only take a very small position in the stock? Being such a minnow, I definitely see it as a stock potentially requiring patience, but with risk/reward skewed considerably in favour of investors. I just wanted to ask if perhaps you see the situation slightly differently in terms of risk/reward and have any thoughts as to risks I may have missed that may have stopped you from increasing your holding?
All the best, Rob
Thanks Rob
When I purchased Assetco originally last year, I only had a small amount of cash at the time. Today I haven't yet decided whether to top up or not - albeit will probably wait until the prelims & FY24 outlook are released.
Hello Paul
I was wondering what your thoughts are now regarding the latest rns for Assetco today.
Great question Rob
To me Assetco's #1 objective is to become profitable & cash generative, alongside monetising its stake in Parmenion.
Unfortunately though given the difficult FM industry backdrop, this appears to be taking longer than originally anticipated. Hence today's slightly under-whelming FY23 results.
That said there's still plenty of cash on the B/S, so no need to raise fresh capital.
