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Real-Time news about Accuma Grp (London Stock Exchange): 0 recent articles
|hamidahamida: WHAT A BARGAIN
20P A SHARE IS JUST THE CASH VALUE OF ACCUMA
IF ACCUMA IS SOLD THAN
THE REMAINING 1MILLION A YEAR + PROFIT
MAKING Byrom & Keeley DIVISION COULD BE WORTH ANOTHER 10/15P A SHARE ON TOP OF 20P
SO COMBINED VALUE COULD BE BETWEEN 30/40P A SHARE
POSSIABLE 200+% SHARE PRICE SURGE ON THE CARDS|
|jailbird: let us post the last final result s statement..instead of the selective copy and paste above.
Nothing happened with the bid. But what gets me is that no director has bought any shares at the LOWLY price.
I think it may be best to wait for some before buying in this sector yet.
You would think that in this climate these companies should do well,
particularly the IVA side. However competitors are coming out of this isde of their business.
I see FRP had a big fall but have been rising lately.
These are the biggest players of the lot(Old name DFD)
DETS share price has been falling and DEBT is still single digit as ACG.
I say the jury is still out...but i'm sure we will know sure enough.
maybe consolidation is still needed.
Accuma incurs 5 mths EBITDA loss as 'credit crunch', difficult trading hits
LONDON (Thomson Financial) - UK smallcap Accuma Group PLC said it incurred
an EBITDA loss of 2.7 mln stg, which includes exceptional costs and overheads,
for the five months to end-Dec 2007, on difficult trading conditions throughout
the period, particularly within its insolvency division.
The debt advice group said its consumer loan broking division was also
impacted by the credit crunch during the period.
The company reiterated that it has received some approaches which may lead
to a satisfactory offer for its insolvency division. With the restructuring of
this business now completed, the company believes that the realisable value of
this business alone considerably exceeds its existing market capitalisation.
The company incurred a pretax loss of 14.8 mln stg for the period. Revenues
came in at 5.5 mln stg, also reflecting the significantly reduced levels of IVA
(Individual Voluntary Arrangement) fees and the reduction in the loan broking
business during the period.
Meanwhile, it said Byrom Keeley, its informal debt management solutions
division, continues to perform well, and it is confident of continued growth of
this business during the year ahead.
It said it is confident that the early identification of problems and its
radical restructuring will protect the group in the current financial year.|
|colonel rigger: I saw an article in the Sunday mail (page 60) at the weekend on IVA, where there will be a simplified version available from October, reducing creditors powers to block an arrangement. This may help the share price later in the year?|
|battlebus: The low share price is based on the fact that the margins from IVA'S have dropped and therefore profits will be much less.I believe the market expects ACG to sooner or later go bust and as the takeovers pass by the value of the co falls.Looking at the figures from the last results the existing pipeline of work that exists means there is viability for this co if overheads are cut dramatically.Short term this may have a negetive effect on the share price but long term imho a sound investment.I expect that's why management thought the takeovers undervalued the co and if the statement this month shows a healthy number of new IVA'S who knows .|
|ihavenoclue: LAF - 7 Feb'08 - 11:12 - 2820 of 2823
The fall in the share price reflects the going concern risk for the company. By far the biggest challenge is to be able to fund current overhead costs (including substantial marketing costs) in advance of receiving income from new business writen.
I totally disagree ... ACG were making a profit even during the time where IVA's were withheld due to the banks.
Next to companies like DEBT, who could not operate IVA's profitably, ACG are light years ahead.
The drop is due to overall concerns for the sector but i feel ACG is a very good long term bet especially at these prices.
You make it sound like they are going bust and have cash burn issues ... wrong !! Like i said ... they are making a profit !!|
|laf: The fall in the share price reflects the going concern risk for the company. By far the biggest challenge is to be able to fund current overhead costs (including substantial marketing costs) in advance of receiving income from new business writen. The decline in new IVA business will have had a dramatic impact on cash flow. The accounting treatment of upfront IVA fees is to defer an alement to future years. This has the effect of guaranteeing 'sales' in future periods but unfortunately the majority of the cash will have already been received and spent.
Add to this the earn out obligations and you can understand why the shares are getting little support. The share price spiked a couple of times on buy-out possibilities and indeed this may be the only way to save the company.
IMO very risky, even at these prices.
ps I do not hold having sold at 40p crystalising a 50% loss. continue to monitor however.|
|colonel rigger: Decided to top up today whilst the price is low and ACG have now had 2 preliminary talks with different buyer, so you never know there maybe a third, and this time if the share price goes up I will sell some of my holding!
Stock name: ACCUMA GRP
Order Type: Market
Stamp Duty: £9.83
Accrued Interest: £0|
|andrbea: the positive way of looking at it:
the bids were (too) low, with the buyout price based, probably, on the current (low) share price
maybe the Management expect better numbers in the next trading update (ie that the share price should be (a tad) higher).
So they prefer to remain independent.
just guessing.. :-)
Patience will be rewarded. I think that after a little breather at the 1.90 level a move to new highs will come. There certainly seem to be stirrings with the ACG share price, but plenty more to come.
|jakleeds: Another T trade of 40,000 at 1.70.
After today's cracking rise in Debtmatters, it puts them on a similar forward pe as DFD of over 20, whereas ACG is on only around 14, assuming forecasts are met.
This suggests that ACG share price has to rise around 50% from current levels to be on a similar pe as the other two. I'm sure it can't be long before the tipsheets get wind of this.
Not so long ago ACG was the most highly rated of the three and I can't see why it won't be again once the news starts flowing.|
Accuma Grp share price data is direct from the London Stock Exchange