AssetCo (GB:ASTO) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AssetCo PLC reports a 65% reduction in operating loss and a total loss of £3.0m for the first half of 2024, indicating a promising move towards profitability through cost reductions and strategic business consolidation. The firm announced a proposed share split, the introduction of a new class of shares, and an upcoming name change to River Global PLC. Additionally, AssetCo has successfully completed the acquisition of Ocean Dial Asset Management, which is expected to contribute an estimated £0.9m in annual net revenue.
For further insights into GB:ASTO stock, check out TipRanks’ Stock Analysis page.
