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INVO Invocas

10.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invocas LSE:INVO London Ordinary Share GB00B0ZGN364 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Invocas Share Discussion Threads

Showing 126 to 148 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
08/2/2008
20:13
BMW, thanks for the accolade.
The relevant post is actually 215. This takes you straight to it...

horneblower
08/2/2008
20:09
Enjoyed your post investopia on the Fool Board. I hope you win the competition!! Especially if I have the courage to back this share, on a break-out being established.
bmw566
08/2/2008
19:55
Horneblower, an excellent Chartist has analysed the chart for me on his thread if you want to take a look.
bmw566
08/2/2008
17:30
Watch this baby go! What's up then is a deal finally going through?
battlebus
08/2/2008
16:04
The break out continues.

How far might it go? I like the company lot and assuming that the structural elements of the market remain intact, believe that INVO will do well this year also.

My latest offering here:

investopia
06/2/2008
19:56
I actually made a decent return on Debt Free Direct a few years ago, and hadn't paid much attention to this sector since. I was surprised to see at the beginning of January that the price of these debt companies was so low, especially as issues around IVA distributors and banks are clearer.
bmw566
06/2/2008
15:54
Also holding a load from 80p.......think that this should be their year......as it should for most debt management co's......also hold BEG & DETS
alexacj
06/2/2008
15:43
Hi all,

thanks for the new thread and sorting out the charts!

nice wee rise of late, most unexpected!

I am still holding these at a loss, avg 130p after topping up, they appear to be a well run company and I reckon they have a bit to go as soon as the cedit crunch starts to bite the man in the street,

only time will tell I suppose but i'm sitting tight for now!

cheers

warren12
06/2/2008
11:19
No, i'm not holding these, but was very tempted to buy at 80p. I expect they are rising, because they are perfectly placed to benefit from the consumer slow down and credit crunch. I researched these before their IPO and thought they were a very well run company.
bmw566
06/2/2008
10:41
Anyone still holding these.........wondered what was behind the rise over the past few days.....nice to see and well overdue imho!!
alexacj
08/1/2008
17:04
Aricle from the Investors Chronicle 8th Jan 2008:

A truce has been called between leading lenders and providers of individual voluntary arrangements (IVAs) that should mark an end to the bitter acrimony that plagued insolvency practitioners for much of last year.

While IVAs have only recently become a subject of serious contention, they have actually been around for some time - they were introduced in 1986 as part of the Insolvency Act, primarily for use by small businesses. An IVA is an agreement between an overburdened debtor and his or her creditors to repay a fixed monthly amount for five years. In return, all interest charges are suspended and creditors agree not to pursue any further claims on the money outstanding. The amount repaid can be as little as 25 per cent of the outstanding amount. This may sound like a raw deal for creditors but it is better than making someone bankrupt, which is not only a costly process but carries with it the prospect of getting back no money at all. However, after two decades, lenders began to feel the rules of the game needed some changing.

So, following a year at loggerheads, IVA providers, working as insolvency practitioners (IPs) and represented by the Debt Resolution Forum, have thrashed out an agreement with the credit industry, represented by the British Bankers' Association . The deal incorporates a new fee structure and sets industry standards for advertising, advice, information and documentation. And with the big high street banks signing up, IVA providers can at last start to look forward to more visible revenue streams, although the business will be done on much less favourable terms.

The new fee structure is not yet set in stone, but the broad principle is that instead of receiving an upfront commission, IPs will now earn their income from the first four or five months of contributions made by a debtor. Clearly, this provides an incentive to ensure that debtors can meet their agreed payments while also encouraging IPs to make sure they repay as much as possible..

Before the new agreement, a new IVA was worth around £2,700 to an IP, plus a monthly management fee of £78, giving a total income per IVA of about £7,400. Based on the new system, IPs are now likely to receive about a third as much income per IVA from an the average-sized problem debt. Still, creditors and debtors as well as IVA providers had been happy with the old way of doing things until it became clear that some unscrupulous operators were pushing individuals into inappropriate IVAs and taking their commission up front. In many cases, once the IPs had pocketed their cash, debtors failed to maintain payments forcing banks to write off increasing amounts of bad debt. This had the unpleasant side-effect of highlighting just how sloppy their lending criteria had been in the first place. So, last year, creditors put their foot down.

Without the approval of 75 per cent of the creditors, an application for an IVA will fail. This was painful all round, but hit the legitimate IVA providers the hardest. Accuma , for example, saw its share price plummet by 92 per cent to just 21p at one stage. All this came at a time when margins were already being squeezed by increased advertising costs and a sharp rise in the number of IP firms, to over 600. Obviously, the situation could not be left unresolved, but it has taken a year of negotiations for the truce to be declared.

It looks like this could have come in the nick of time. Accountancy firm Grant Thornton is predicting that personal insolvencies will jump this year to 120,000, almost triple the amount in 2004, and the average owed by problem debtors has now hit £30,000. So the potential increase in demand could mitigate some of the pressure the new fee arrangement will put on margins.

Indeed, after the UK's annual Christmas spending binge, like anything else taken to excess, there is usually a hangover. And for many consumers this really starts to set in when bills begin to land on the doormat in January. In fact, the frenzied spending of someone else's money has now reached the stage where consumer debt is greater than the value of the UK's annual gross domestic product (GDP), and current estimates suggest that over 9m credit-card holders are struggling to keep up with their payments. What's more, there is evidence to suggest that over 4m people are still paying off debts from Christmas 2006.

In previous years, extended credit facilities and the ability to pay off debt by remortgaging the house effectively put off the evil day when loans had to be repaid. But neither of these options is now on the table. Credit card companies are cutting borrowing limits and applying much tougher lending criteria, while stagnating house prices have severely curtailed the ability to remortgage. And it gets worse. Around 1.4m homes face mortgage repayment increases of up to £200 a month when fixed-rate deals taken out two years ago come to an end, due to interest rate rises over the past two years. Add to that the spiralling cost of gas, electricity and petrol, and the picture is pretty gloomy. A vast majority of people in debt will get by with a bit of time-honoured belt-tightening, but for some it is already too late. So, having taken the pain of the new fee structure, IPs will now be rubbing their hands.

hywel
22/12/2007
20:52
Why did this fall on friday? any ideas.thanks
nobel2005
12/12/2007
12:49
Gac100 I agree.....I really don't think that anyone really see's the true impact of the credit crunch,inflation & declining house prices that will hit us all next year!!
My own personal view is that a move into the English market is probably timed just right.....there is now a framework for IVAs and the workload I feel will increase drmatically due to the above!!

alexacj
12/12/2007
10:53
A lot of information in the Interims, a lot of tweaking and change in the offing, but overall the prospects look good to me.

A few things that struck me particularly.

Slight loss of market share a bit of a concern, but if as INVO say that's down to the loss of one work introducer and competitors paying higher referral fees which may not be commercially sustainable, then we should start to increase market share again in due course.

The forthcoming radical change in the administration of sequestration cases by the Accountant in Bankrupty looks to me like it will result in some big winners and big losers. I read somewhere that its proposed to reduce the current 100+ nominated Insolvency Practitioners for this type of work to as few as 10. Given that there were over 3,000 appointments last year the new scheme should significantly increase the work for successful tenderers. Let's hope that INVO's assessment that it is in a "strong position" to be one of the winners proves accurate: its network of offices across Scotland certainly looks like a big advantage.

The strategy of developing a full service offering of personal debt solutions in house also looks sound to me, as does the way INVO is going about it: "Our decision to build these service lines organically is, we believe, the right one given the price expectations of vendors of potential targets, which have not fallen in line with market sentiment." The move into the English IVA market strikes me as a particularly bold one in the current climate, but if the Board have got their timing right this could ultimately lead to big rewards.

The cash flow and further substantial increase in the cash pile is impressive, and the bullish outlook statement very welcome.

Finally I see that Charles Stanley reiterates its BUY recommendation, with a target of 120p.

The response of the market to the results has been somewhat indifferent, but doesn't worry me. I continue to hold for the long term.

gac100
12/12/2007
07:50
Looks to be an excellent forward looking statement and a good set of results!!!
alexacj
12/12/2007
04:10
Interims already on the website
gac100
12/11/2007
17:25
Post on The Motley Fool site today:



Highly illiquid could mean a bounce pre interim report I suppose.

Perhaps this Carmensfella Quickie ship will come in!

investopia
09/11/2007
15:35
This share is highly illiquid....very small sales of 13 000 and buys of 12000 and the price falls 12%!!!! I put this down to the wider market fall driven by the "credit crisis"....ironically the very crisis that will ensure INVO makes even more money!!!!!!!!!!!!!!!!!!!
alexacj
09/11/2007
15:20
12% down on the day at the minute - way more than the IVA companies.

Have I missed something which warrants such a drop?

Interims in a month - hope there's nothing nasty leaking out.

gac100
02/11/2007
15:03
Good news Gac100 ,still awaiting news of acquistions.
battlebus
02/11/2007
14:23
Scottish Q3 insolvency figures released today
gac100
11/10/2007
19:02
Anyhow 25% up from lows can't be bad.
battlebus
11/10/2007
17:49
Yes, they're clearly interested in acquisitions, but I suspect not in England for the moment! I could be wrong, of course - but somehow in these cases the market (or someone in the market) generally seems to know something - note how the Accuma share price leapt up before the bid announcement. I don't think Invocas would have had the big rise it had today if it was thought to be the bidder.
diogenesj
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older

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