Auhua Clean Share Discussion Threads

[stoneme] 21/7/2010 08:28

Anyone got a date for the Final Results? Last year it was the 29th July, announced on the 10th. .

stone

[wilba] 18/7/2010 11:39

It seems A/F Directors are ex employees now. They may be implicated and if proven will tip the balance. A/F will most likely settle out of court. The next few months will be very interesting.

ACE are already in a much improved position net of any settlement.

Happy to hold.

DYOR & GLA.

[davius] 16/7/2010 22:37

> So the amount of cash to be gained from an ACE victory will be somewhere
> between £37m and diddly squat depending which side you believe.

We are not just talking losses relating to lower charges, but other business losses, damaged reputation, staff redundancy costs, potential detriment to goodwill, etc, etc. This is big business litigation. It all hinges on whether Autofocus employees lied under instruction. The first hurdle has been cleared, the suspect employees can't hide behind immunity.

Not yet anything like a dead cert, but looking more promising.

[cheese_chaser] 16/7/2010 11:36

I've been wondering if a response from Autofocus will appear. So the amount of cash to be gained from an ACE victory will be somewhere between £37m and diddly squat depending which side you believe. That's a bit too wide a spread for my liking to make an intelligent investment decision! If AF predictions turn out to be right then it could end up being a very costly exercise of principle. Whilst it may prove that AF's processes were poor, the actual figures involved may not be far off the mark. On the plus side it should bring some science to the future of rate arguments with a gap in the market for a reliable and credible way of evidencing local rates and availability... and there the penny drops as to the idea behind ACE's spotratecheck.com!

[we5tie] 15/7/2010 23:18

here is what Autofocus beleive:

[thenorth] 15/7/2010 16:03

Its the full award that ACE are seeking from this action but the figure i hear is nearer the £37M mark, I am being told...
The figure is nothing to do with under recovery and again I hear Mr Evans is citing what happened with A.F as one major factor in the hundreds made redundant etc So I suspect there will be other factors built into this figure not just under recovery of hire rates.

DYOR though

TN

[cheese_chaser] 15/7/2010 13:49

The North / dyfiman - Can either of you shed any light on my question of whether the £22m refers to total claim value or the amount of money under recovered as a result of Autofocus evidence?

[clond] 15/7/2010 10:31

Interestingly - if news comes out of success in the courts in the coming months the share price could double or triple in a day.

Ofcourse things may not be positve and the share price will just meander along, however, if news where to come out it would it be better to own the share or not.

But then what do I know of such things!

[wilba] 15/7/2010 08:01

Look forward to some possible interest today. GLA.

[knowing] 14/7/2010 22:40

One more piece in the jigsaw puzzle.

[dyfiman] 14/7/2010 22:02

Brainy.. simple fact is that today's events are good not bad for the company.
At this stage. If you are going to post try using your....Brainy. There's a good lad. Don't make yourself a figure of fun. Two-liner comments are the hallmark of silly internet trolls. Or just someone's poor grasp of what is. V.
Sad, really, Surely you can post negative or positive in a more mature fashion?? Baby stuff, otherwise. Him out of the way, still hills to climb for ACE, but it's positive not negative. Let's be sensible in disussion not
troll-like. good luck all holders... suffering as we are.

[sir brainy] 14/7/2010 19:57

Two hopes of £22m

Bob Hope and No Hope

[cockneyrebel] 14/7/2010 16:57

eh m es mx

Yes, you're right, but the market knew that yesterday - I'd have thought £22m+ added to the co would add more than the £80K that got added to the market cap today if they get it.

CR

[wilba] 14/7/2010 16:55

Hey Brainless, talking of business models. The turn round is already underway, the out of court settlement will add between £10-20M to the recovery model.

Ever heard of let the trend be your friend. Look at the chart. Numpty.

The bonus is the Auto Focus directors danglies are in the vice and any further court action will only increase the pot.

There are far worse companys out there. Im happy...

No, i'll upgrade that to, im very happy with this position.

GLA.

[cheese_chaser] 14/7/2010 16:49

When I read the figure of £22m I assumed that was the total value of all the claims affected by the allegedly unreliable Autofocus evidence. Therefore I am again assuming that the actual amount ACE's claims have been reduced by is significantly less than the £22m figure quoted.
For example; if the Autofocus evidence has proved that ACE's hire charges are 15% over the locally available 'spot' hire rate, the value of the under recovery would actually be just £3.3m
As I said this is only my assumption and we all know what assuming can do... Happy to be wrong here, it won't be the first time (or the last)!

[sir brainy] 14/7/2010 15:49

Sell off continues

[eh m es mx] 14/7/2010 14:51

£8m market cap BUT £144m NET DEBT.

[cockneyrebel] 14/7/2010 14:48

£22m is the size - could be more with the additional claims they've highlighted today.

£8m mkt cap.

Just looks undervalued to me and future revenues likely to rise as insurance co's have to pay out more. Possibly if the insurance co's we in colusion with Autofocus then ACE might have even bigger claims imo.

Looks like a lot of upside liklihood compared to downside here imo and the chart's in an up-trend since April too.

imo/dyor.

CR

[sir brainy] 14/7/2010 14:23

lol £22m fat chance

[knowing] 14/7/2010 14:13

Sport £22M