Acg Acquisition Share Discussion Threads

[pugg1ey] 29/5/2009 08:33

penny starting to drop?

[hamidahamida] 29/5/2009 07:41

WHAT A BARGAIN
SOON CASH WILL BE 6MILLION OR APROX 20P A SHARE
AND ACCUMA IS WORTH ONLY 2.6 MILLION 9P

The Group remains debt-free and at the end of April had a cash position of
GBP1.9m, which is expected to increase to approximately GBP6m following
completion of the disposal of the insolvency division.


The funds realised from the disposals will be retained by the Group whilst the
Board considers its strategic options, and the best way of delivering value to
shareholders. THIS IS GOING PRIVATE

20P A SHARE IS JUST THE CASH VALUE OF ACCUMA
IF ITS SOLD THAN B&K THE REMAINING PROFITABLE TRADING SIDE COULD BE WORTH ANOTHER 10/15P A SHARE ON TOP OF 20P

SO COMBINED VALUE COULD BE BETWEEN 30/40P A SHARE

[battlebus] 28/5/2009 20:48

When the six million is actually in the bank we will start heading north. Bought another bundle at just under 9 this am. I will see my 20p of that i,m sure.Not another share on the market with a risk reward ratio like it imho.Those who sold at 12p might just want to dip a toe again.

[pugg1ey] 28/5/2009 13:34

hopefully not Stephen

[moreforus] 28/5/2009 13:16

you have buyers...

[pugg1ey] 28/5/2009 13:07

why is this not well into double figures?

[pugg1ey] 28/5/2009 12:05

bump this to the top. market cap a tenth of what's in thread title

[asl1978] 28/5/2009 09:35

I'd say fair value is about 25p for these. I'd sell at 20p though.

Even if you assume a conservative ongoing profit of 500k a year you'd pay £2.5m for a business like that. Add in the £6m in cash and that makes circa £8.5m. Even in this market that should get us to 20p

[pugg1ey] 28/5/2009 08:05

please tell me if I'm missing something? if the deal to sell off the IVa division goes through they have (according to Ham) 6 million quid and a profitable business but the market cap is 2.6 million

[pugg1ey] 28/5/2009 07:27

someone could put in a 15p bid just to try and get the cash

[hamidahamida] 28/5/2009 07:22

6 million cash worth aprox 20p a share

Outlook


The economic climate continues to favour debt management businesses as a more
viable option for creditors and debtors alike, and recent further agreements for
the supply of clients will increase our average monthly new client signings. We
remain confident of the prospects for this division.


The Group remains debt-free and at the end of April had a cash position of
GBP1.9m, which is expected to increase to approximately GBP6m following
completion of the disposal of the insolvency division.


The funds realised from the disposals will be retained by the Group whilst the
Board considers its strategic options, and the best way of delivering value to
shareholders. I SAY MBOOOOOOOOOOOOOOOO

[battlebus] 26/5/2009 19:15

Only a loss if you sell. Not going to be a MBO.IMHO

[pugg1ey] 26/5/2009 16:56

here we go. drop it down on tiny volume.

[pugg1ey] 26/5/2009 08:04

I still hold. If MBO come in with a poor bid I think other people will be interested. especially with the cash in the bank (even after deductions)

[markktm] 25/5/2009 15:04

I'm 100 % with you Pugg1ey........ & agree they will try & get this cheap. I can't see those waiting for 20p getting anywhere near it but G/L to those who continue to hold!

[pugg1ey] 21/5/2009 19:01

I'm predicting a MBO on the cheap in July

[hamidahamida] 15/5/2009 13:15

mr charles howson owns just over 21% of Accuma

lets say MBO at 25p values accuma ...8 million

Accuma cash left after every thing ..3 million

Mr Charles Howsons 21% stake ....... 1.6 million
--------------------------------------------------------
..........................Bal to pay 3.4 million

Pay 3.4 million and get 1 million profit every year Not bad for Howson & co

No wonder last rns was full of deramping

[pugg1ey] 15/5/2009 08:36

still expect a MBO . prob during the summer if the price drifts offer a cheeky price and they'll say what a premium the shareholders are getting.
After evering is paid am i right there would be around 3 million left in cash from the IVA disposal?

[orlando99] 14/5/2009 21:05

one day battlebus, one day....

[battlebus] 14/5/2009 19:52

Still holding for 20p believe me it will happen- wont it?

[pugg1ey] 14/5/2009 19:06

no sell off just a mark down as far as i can see so far. interesting if a few people take a punt

[asl1978] 14/5/2009 13:09

What a badly worded RNS, no mention of profit on operations for past 6 months etc... just saying cases are down due to reduction in marketing. They could easily have told us something about future profitability for the division etc...

[markktm] 14/5/2009 11:57

I agree with you Pugg1ey......... could be a clear case of ramping down!!!!

Spread is still widening as the morning continues as well - madness to trade at these spreads!

[markktm] 14/5/2009 11:56

I agree with you Pugg1ey......... could be a clear case of ramping down!!!!

Spread is still widening as the morning continues as well - madness to trade at these spreads!

[pugg1ey] 14/5/2009 11:52

I gather from the ridiculous spread that the MM's haven't worked out a value either