AssetCo plc

Equities

ASTO

GB00BQ2K3557

Investment Management & Fund Operators

Delayed London S.E. Other stock markets 09:18:17 16/05/2024 BST			5-day change	1st Jan Change
36.16 ^GBX	-0.95%		+3.30%	-23.07%

05-02	Deutsche Bank likes TP ICAP but says sell CMC	AN
04-16	EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue	AN

Premier Miton Group held R&M deal talks with AssetCo

August 16, 2023 at 10:24 pm

(Alliance News) - Premier Miton Group PLC held talks with AssetCo to acquire parts of the River & Mercantile business, though discussions stalled, Sky News reported on Wednesday.

Sky News, citing a source, reported that fund manager Premier Miton may yet re-engage with AssetCo over a possible R&M deal.

https://news.sky.com/story/premier-miton-holds-talks-about-buying-chunk-of-r-m-from-gilberts-assetco-12941235

AssetCo in June 2022 completed the GBP99 million acquisition of River & Mercantile Group PLC. It then sold River & Mercantile US Holdings Ltd for USD8.8 million to Agilis Holdings Company LLC in August of the same year.

AssetCo is chaired by Martin Gilbert, a former chief executive of abrdn PLC, back when it was named Standard Life Aberdeen.

AssetCo shares rose 1.2% to 43.00 in London on Wednesday, though it is down 42% over the past 12 months. Premier Miton ended flat at 74.00p on Wednesday, and its stock is 37% lower over the past year.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
ABRDN PLC	155.6 GBX	-0.88%	+1.37%	3.54B
PREMIER MITON GROUP PLC	76.1 GBX	+0.13%	+8.71%	147M
ASSETCO PLC	36.16 GBX	-0.95%	+3.30%	65.88M

Latest news about AssetCo plc

Deutsche Bank likes TP ICAP but says sell CMC	05-02	AN
EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue	04-16	AN
AssetCo Deputy Chairman to Retire by April-end	04-16	MT
AssetCo plc Announces Retirement of Peter McKellar as Deputy Chairman and Director, Effective April 30, 2023	04-16	CI
Sector Update: Financial Stocks Flat Pre-Bell Wednesday	04-03	MT
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday as Bets Lean Towards Smaller Rate Cuts	04-03	MT
Sector Update: Financial	04-03	MT
LAMF Global Ventures' Shareholders Approve Merger with Nuvo Group; Shares Almost Triple in Premarket	04-03	MT
LAMF Global Ventures' Shareholders Approve Business Combination with Nuvo Group	04-02	MT
AssetCo shares down as annual loss widens, but managed assets rise	03-18	AN
Tranche Update on AssetCo plc's Equity Buyback Plan announced on September 29, 2022.	03-18	CI
AssetCo plc Reports Earnings Results for the Full Year Ended September 30, 2023	03-18	CI
The FTSE 100 Closes Down 0.5%, Dragged by Miners	01-03	DJ
Hipgnosis Songs Fund adds Harwood founder Mills to board	12-15	AN
AssetCo Said to Be in Talks for Assets Buy With Somerset Capital	12-11	MT
Princess Private Equity reports lift in net assets, appoints new chair	11-23	AN
Stocks shrug off downbeat UK retail sales	11-17	AN
Stocks up despite UK retail sales growth miss	11-17	AN
FirstGroup Forms Partnership With Hitachi to Decarbonize Bus Fleet	11-17	MT
Princess Private Equity appoints Peter McKellar as non-executive chair	30/10/23	AN
AssetCo to sell stake in River & Mercantile Infrastructure for GBP1	06/10/23	AN
AssetCo to Exit River & Mercantile Infrastructure	06/10/23	MT
Partners of River And Mercantile Infrastructure entered into agreement in principle to acquire unknown minority stake in River And Mercantile Infrastructure Llp from AssetCo plc and River and Mercantile Holdings Limited.	05/10/23	CI
AssetCo buys Ocean Dial for 1.5 million shares and GBP2.5 million cash	02/10/23	AN
AssetCo Completes Purchase of Ocean Dial Asset Management	02/10/23	MT

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Company Profile

AssetCo plc is a United Kingdom-based holding company for a group of wealth and asset management companies. The Company is primarily involved in acquiring, managing, and operating asset and wealth management activities and interests, together with other related services. The Company operates in four segments: Active Equities, Infrastructure Asset Management, Exchange Traded Funds and Digital Platform. The Active equities segment comprises River and Mercantile Group plc (RMG), Saracen Fund Managers Limited and Revera Asset Management Limited. The Infrastructure Asset Management segment is the non-equities investment arm of RMG. The Exchange Traded Funds segment includes Rize ETF Limited. The Digital Platforms segment represents the Companyâs investment in the associated company, Parmenion Capital Partners LLP (Parmenion).

Sector

Investment Management & Fund Operators

Calendar

24/06/2024 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.365 GBP

Average target price

0.59 GBP

Spread / Average Target

+61.64%

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Company calendar

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Investment Management