AI Claims Solutions Share Discussion Threads

[goldibucks] 22/11/2009 12:58

When you say never any feedback or news, have you read the 64 page 2009 annual accounts?



It's a comprehensive set of accounts for a company with a market capitalisation of £9.2m. If you want regular newsflow you need to invest in a bigger company.

The problem for longer term holders is that Ai Claims hasn't made any bottom line progress in the last 3 years, basic EPS has gone from 2.01p in 07 to 2.26p in 08 to 2.13p in 09. That's not great but if it did that for 7 years in a row it would cover the current share price.

The company has made top line progress but at the expense of lower margins, higher working capital requirements, higher debt, and higher interest payments so the market has got fed up of waiting for bottom line growth and is pricing the earnings on a dull income stock multiple.

Another downside is the directors running Ai Claims don't own much equity and haven't bought much, I own more shares than the CEO and FD. If Directors aren't prepared to put their own money up, they shouldn't be given share options. They should get a modest basic salary with a generous bonus related to EPS growth.

Charles Good, Bluehone, and the other major Ai Claims shareholders need to set targets for EPS growth in the next 3 years. If David Sandhu, Steve Broughton, and Peter Harrison can't achieve them, they need to be replaced, preferably with Directors willing to invest their own capital instead of holding their hands out for share options without delivering anything noteworthy.

[squash90] 02/11/2009 16:59

i give up on this one held for years now time to sell never any feed back never any news?

[goldibucks] 22/9/2009 11:41

I have an average buy price of 14.63p which is 6.2 times the adjusted EPS figure of 2.36p. On top that I'm getting a dividend yield of 4.1% based on a 0.6p total div and 37% revenue growth. This is a growth stock with the dividend yield and earnings multiple of a structurally challenged income stock.

[masurenguy] 22/9/2009 07:32

RNS Number : 4224Z
AI Claims Solutions PLC
22 September 2009

Preliminary Results for year ending 30 June 2009

Key Metrics

Revenue increased by 37%, to £55.7m from £40.8m. Hire revenue increased from £24.6m to £37.3m (52%) to comprise 67% of total revenue (2008: 60%) whilst repair income increased from £11.1m to £13.1m (18%) but reduced to 24% of revenue (from 27%). Other income lines grew slightly from £5.1m to £5.3m but declined as a percentage of revenue from 13% to 9%.

Gross margin reduced from 32% to 26%.

Adjusted profit before tax (before IFRS 2 charge) was £2.016m (2008: £2.159m). The result was, as expected, biased towards the second half of the year.

Net cash outflow of £5m.

Our debtor days, which we calculate using the count-back method, average 95 days (2008: 82 days). The increase in average debtor days combined with growth in revenue has increased the working capital funding requirement of the business. Net debt increased by £6.2m during the year to £9.1m, after absorbing £1.0m of capital expenditure on IT systems and infra-structure development. The net overdraft of £8.1m (£1.8m) reflects an operating cash outflow of £5.0m, due principally to a growth in debtors less creditor funding of £7.9m. In anticipation of further growth during 2010, an increase in bank facility to £15m on competitive terms was agreed in July 2009.

The Board is pleased to propose a final dividend of 0.34p per share for the year to be paid on 6 January 2010 to shareholders on the register at 11 December 2009 (2008: 0.34p), taking total dividends in respect of 2008/09 to 0.60p (2008: 0.60p)

[empirestate] 08/9/2009 22:13

good to see a small upward movement today

[empirestate] 23/7/2009 06:14

got to be the smallest trading statement i have ever seen, certainly leaves the results upto imagination in terms of numbers. av to wait till sept then

[empirestate] 03/7/2009 15:13

this is getting rediculous this share price drift down, although i do see at as a buying op prior to results which we can expect to be decent i reckon

[squash90] 29/6/2009 09:51

why the drop again? anyone

[empirestate] 14/6/2009 12:02

am looking forward to the pre close trading statement at the end of july. a very decent sign of good things to come when a director buys just before the share close period.

[empirestate] 13/5/2009 23:10

there looks some decent revenue growth here, the balance sheet is not all that but at this price is on a low p/e

[squash90] 28/10/2008 09:08

been away for a few days why the drop again any one

[philjeans] 23/9/2008 08:17

Good steady growth evident from the results today; can see further share price strength from this one.

Increased div and no exposure to second hand car market.

Quality play in the car insce sector.

[alexacj] 08/9/2008 10:45

Yep...a market maker has gone "off line".....when they come back the price will go back to where it was!!

[squash90] 08/9/2008 10:07

why the drop ?
any thoughts

[trixter] 23/7/2008 12:48

moving into new territory...

"Ai Claims Solutions has expanded its vehicle supplier network.

While retaining a managed partner relationship with Avis Rent a Car, Ai's supply chain will now also include Guy Salmon Prestige Rental, National Car Rental for vans and Nexus Vehicle Solutions for specialist vehicles."

[trixter] 23/7/2008 12:17

Good expansion. This time last year "Ai is based in Blackpool and employs 320 members of staff." Now...432...

[philjeans] 23/7/2008 09:43

Trading in line and the deal with AVIS et al gets over the problem of falling car prices which the other fleet owners are encountering.

Strong buy.

[silentaction] 16/7/2008 17:32

More drector buying today

Ai Claims Solutions PLC ('Ai' or the 'Company'), the ethical after accident solution provider, announces that it was notified today of the following purchase of ordinary shares of 10p in the Company ('Ordinary Shares') by David Sandhu (CEO) and Peter Harrison (Finance Director):




Director
Ordinary Shares purchased
Price per Ordinary Share pence
Total number of shares held post transaction
Percentage of total shares in issue post transaction

David Sandhu

CEO
75,000
20.5p
159,485
0.26%

Peter Harrison

Group Finance Director
50,000
20.5p
117,530
0.19%











In addition, Ai announces that it has made the following purchase of its Ordinary Shares of 10p:




Date
No of shares
Price

15 July 2008
100,000
20.75p





These shares will be held in treasury.

[scotswhaehae] 29/5/2008 12:44

more drector buying today?

[philjeans] 21/5/2008 11:07

Got in here yesterday; may well add if we see further rises and/or director buying.

[alexacj] 21/5/2008 08:06

A good sign....Charles has been constantly buying up shares......he's now going to retire from the board.....so his continued faith is reassuring! ACE up 120% in the last few weeks......finally managed to turn a loss into a nice profit on that one!! I still think that the long term winner in this sector will be HHR.....and I think ACS will either be bought or continue to pick up insurer contracts.....so I plan to hold HHR & ACS!! aimho!

[finsburycircus] 21/5/2008 07:59

a bit opaque...but the Director HAS bought even more!

[finsburycircus] 20/5/2008 14:03

Somebody wants these

More Director buying?

[finsburycircus] 19/5/2008 16:11

Director buy just announced...probably more to come from past experience

Warming up nicely

[wjccghcc] 19/5/2008 15:17

BB's are for the exchange of information. Most of us do research on a financial basis but clearly cannot be an expert on every industry, particularly one as murky as this one.

Perhaps that's why ACS is so unloved by the market...