AI Claims Solutions Share Discussion Threads

[scotswhaehae] 23/2/2007 08:11

30p plus before breakfast if these are put on a decent prospective PER rating...

Good luck all!

[elmfield] 23/2/2007 08:01

BIG TIME BLUE.

[elmfield] 23/2/2007 07:46

Whilst overall turnover reduced during the six month period to #14.8m (2005:
#20.9m), this is attributable to the planned reduction in lower margin repair
income. Underlying hire income increased by 9%. This change in mix of business
increased gross margin to 29.9% (2005: 21.3%).

Overheads (before goodwill and FRS 20 charges) reduced from #3,757k to #3,695k.
Whilst the depreciation charge increased by #151k, it was mitigated by
reductions in direct staff costs, despite additional recruitment towards the end
of the period in readiness for a substantial pilot which commenced in December
2006.

Operational cash flow continued to strengthen. Cash generated from operations
of #1.6m (2005: #0.7m) contributed to a reduction in overall debt from #3.8m to
#3.1m, after absorbing capital expenditure of #0.8m, principally incurred on
continued development of our new purpose-built IT platform.

Cash generation was excellent once again due to strong claims collection, with
average debtor days calculated on the count back method reducing to 70 days from
75 days at 30 June 2006, significantly lower than our peer group and testament
to the strong relationship Ai has established in the insurance market.

As a result of our strong cash flow, interest costs reduced to #120k (2005:
#205k), reflecting the benefit of reduced borrowings.

PROSPECTS AND DIVIDENDS

Your directors believe that we are witnessing a significant change in the motor
insurance market's approach to servicing policyholders and pro-actively managing
third party costs, in particular showing increasing interest in the solutions
offered by Ai. Ai has a well respected brand in the insurance marketplace and
we are actively engaged in several new significant pilots with leading insurance
companies. We continue to increase the breadth of our offer to the automotive,
fleet and intermediary channels, with encouraging levels of interest. We
believe these initiatives will provide a pivotal opportunity for us to grow the
size of the business and the breadth of service offerings and widen our
distribution footprint.

The company has continued to focus on the competitiveness and quality of service
delivered to customers and their policyholders. The change in our fleet
provider to Avis has ensured Ai remains competitive both in terms of price and
operational robustness. The establishment of Ai's own repair network has
enabled us to achieve greater control over repairer performance.

The board are looking forward to delivering a strong second half as Ai continues
to build on existing and new customer relationships. The overall result for the
full year is expected to be significantly weighted to the second half year,
which has started well. Your directors are pleased to declare an interim
dividend of 0.23p per share to be paid on 17 May 2007, an increase of 15.0% over
last year.

Charles Good

[elmfield] 23/2/2007 07:44

Trade last night at close of 26p, did he know something?

[trixter] 23/2/2007 07:41

Operational highlights look very interesting.

[elmfield] 23/2/2007 07:30

Morning, Results look good to me,

[elmfield] 22/2/2007 17:48

and remember they brought results forward to friday from next week....

[elmfield] 12/2/2007 15:02

Hope we head back towards 30p odd.

[scotswhaehae] 12/2/2007 14:19

Nearly there..

Great stuff!

[scotswhaehae] 12/2/2007 10:15

Just a little more buying and we should see an upside breakout imo...

All seems well now that the seller has finished and the RNS shows he has clearly been taken out by a long time big scale supporter!

[scotswhaehae] 09/2/2007 13:14

Nice to see the up tick...

24p plus if there is any justice in the world!!

[tole] 09/2/2007 12:24

A few buyers here today - and notice the online buy limits have now reduced to just 10k @ 20.9.

[trixter] 09/2/2007 11:16

How I wish I'd shorted ACE...Are we going to beat them...?

[trixter] 09/2/2007 11:12

The difference is personal holding and related parties holding, IMO.

[scotswhaehae] 09/2/2007 10:47

oops...sorry...missed that one....just looked at the 2006 Annual Report!

but how can both be right?

[alexacj] 09/2/2007 10:39

Looks like he has bought about 600,000 shares. He is a "good mate" of Charles Good the chairman. Not quite 10% ( more like 1%)but a fair amount non the less!!!!

RNS Number:9837I
AI Claims Solutions PLC
24 February 2005


AI Claims Solutions Plc (the 'Company')

Holding in Company


The Company was notified on 23 February 2005 by Mr Ari Zaphiriou-Zarifi that, as
at 23 February 2005, he (and his related parties) are interested in 7,959,651 of
the Company's ordinary 10p shares ('Ordinary Shares') representing 13.00 per
cent. of the Company's issued Ordinary Share capital.


24 February 2005


This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLTIMLTMMITMPA

[scotswhaehae] 09/2/2007 10:30

do u know something we don't trixter...

he seems to have bought a big stake, at maybe 20p...

don't think there are many 'lurkers' on this board but we could be 20% up if our thoughts are indeed right...

best wishes

[elmfield] 09/2/2007 10:11

He must like us!

[tole] 09/2/2007 09:52

As in teh annual report - 30th June 2006
Ari Charles Zaphiriou-Zarifi 1,975,000 3.2%

[scotswhaehae] 09/2/2007 09:45

but how many did he have...if I'm wrong I'll edit the above

in the 2006 Annual Report he is shown at 3.2%...1975000 shares

[trixter] 09/2/2007 09:39

scots - he has been stakebuilding for years. Check previous RNS's

[scotswhaehae] 09/2/2007 09:36

Interesting RNS !

Maybe they got the price lower to reach the deal!

[thelonegunman] 01/2/2007 20:07

Further to my post on the 29th December, I see that Provident is looking to sell - See link below



Any thoughts?