Acg Acquisition Share Discussion Threads

[asl1978] 29/5/2008 12:27

I bought back in this morning. am hoping for a decent turn around here. In feb they had nearly £1m in the bank, were cash generative and had a big book of business that they were talking to people about selling. An update would be good, and soon.....

[pugg1ey] 29/5/2008 11:49

nice buy again today. overhang gone?

[pictureframe] 23/5/2008 15:35

must be a buy but amazed it hasnt moved the sp

[pugg1ey] 23/5/2008 14:43

whats that 600K trade?

[hamidahamida] 19/5/2008 11:05

WHEN WIND BLOWS IT GOES EVERY WHERE

[hamidahamida] 19/5/2008 11:03

..........................GREAT NEWS FOR LIKES OF ACCUMA..............
Middle-class debt rise

19/ 5/2008

DEBT advice agency Transact says it has seen a 100 per cent rise in inquiries in affluent areas - including Congleton in Cheshire - in the past year.

The charity says it is being overwhelmed by demands for help in such places. It told BBC Radio 5 Live that the number of people wanting advice was rising most dramatically among the middle classes.

The credit crunch was leaving many professionals and homeowners unable to cope with their debts.

Transact represents more than 1,000 organisations and individuals involved with people suffering financial hardship, such as the Citizens Advice Bureau, credit unions and housing associations.

Co-ordinator Jamie Elliott said: "In the past it was almost uniquely people on benefits, people in social housing, who went to debt advice agencies.

"These services now, with the credit crunch, are being overwhelmed by a whole new breed of debtor: middle-class people."

Transact says many of the people seen have taken advantage of easy access to credit or extended mortgages. It expects the problem to get worse.

[pictureframe] 16/5/2008 11:16

well despite some decent buying today the MMS refuse to mark this up. I think there may be a overhang and have decided to wait a little longer. Once I see a markup I will be adding further. Agreed with what has been said - undervalued.

Read the last announcement offer for IVA arm would be for greater than current market cap alone!

[salver2] 16/5/2008 10:13

this is what was said 5 months ago-a lot can happen in this time-when has this company ever delivered-i would like the price to go up as much as anyone else but the fd leaving doesnt fill me with confidence-we shall have to wait for the agm

[hamidahamida] 16/5/2008 09:23

................THINGS TO REMEMBER........WORST IS OVER

finaly things are looking up with such a low m/cap of 2.7 million
no debt

iva side has started to make profit again with only 80 ivas per month and this figure will only go up with banks once again started to approve ivas again
and remember Accuma has 17 million worth of approved iva book for cash flow

debt management side is booming
and makes over 1.6 million pretax profit

loan side is marginaly profitable again

[pugg1ey] 16/5/2008 09:16

great value imo but unlike you PF I was impatient. Bought back at 10p! People probably nervous about FD leaving but only small sells pushing this down recently.

[pictureframe] 16/5/2008 09:05

150000 buy - do i follow or wait for further fall, this may be the bottom?

[salver2] 15/5/2008 14:11

is it profitable-this co has history of half truths and jam tommorrow

[pictureframe] 15/5/2008 13:04

waiting for 5p ;0)

[pictureframe] 15/5/2008 12:43

this share price valuation is now bordering on stupid. £2.2 million market cap , its profitable and has no debt....watching and waiting to top up large here. I am waiting as there is no buying interest and MMS mark it down on small sells. They are doing me a favour ;0)

[pictureframe] 12/5/2008 16:16

bounced well today

[pugg1ey] 12/5/2008 13:47

another MBO on the cheap?

[hamidahamida] 12/5/2008 12:18

[e-mail]

GIVE HIM A EMAIL AND FIND OUT YOUR SELF

[hamidahamida] 12/5/2008 12:18

[e-mail]

GIVE HIM A EMAIL AND FIND OUT YOUR SELF

[salver2] 12/5/2008 09:16

the resignation of the fd who hasnt been there very long gives little cause for optimism

[pictureframe] 12/5/2008 09:05

Wow market cap of £1.9 million - is this overdone?

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.

[battlebus] 10/5/2008 17:42

DON'T KNOWN WHAT TO MAKE OF THE CLAUSES IN THE AGM FORM LOOKS LIKE THEY ARE PREPARING FOR EVERY OUTCOME.

[hamidahamida] 09/5/2008 21:56

COME ON JACK BRING IT ON

[hamidahamida] 09/5/2008 21:55

HERE IS THE FULL ARTICALE


This article from the Mail on Sunday sounds extremely good news for the industry.....in essence the IVA's will no longer have to be approved by the banks if they adhere to certain criteria......the banks will simply have to accept them!!!



Dealing with debt
Debtors borrowing to be written off
Dan Atkinson, Mail on Sunday
4 May 2008
Reader comments (2) | Chat | Guide
Private debt advice companies and charities are to be given the power to write off part of an individual's debts - whether creditors like it or not.

Debt halved: it could be under controversial new proposals.
They will also be able to force creditors to accept a schedule of repayments for the remainder of the money owed, regardless of the lender's wishes.
Creditors will not be able to petition for bankruptcy, nor will utilities be allowed to cut off gas or electricity supplies to clients of such companies.

All this is in the Tribunals, Courts and Enforcement Act passed last year, but the Ministry of Justice is consulting before activating the relevant clauses.

One concern is that unscrupulous debt advisers could improperly arrange debt write-offs in return for a cut of the proceeds.

At present, about 70,000 people with heavy borrowings are in 'debt-management plans'. These are arranged by private debt advice firms and charities, which negotiate with lenders to provide a timetable for repayment.

'Such schemes depend on the voluntary participation of the debtor and creditors and operate without any form of regulation,' said the Justice Ministry.

'There is currently no power to compel creditors to adhere to the terms of a debt repayment plan.'

Under the new law, Justice Secretary Jack Straw will license approved operators of debt management plans, which will then have the power to force creditors to accept the plans that they draw up.

The Justice Ministry added that operators would also be able to compel creditors 'to write off a proportion of the debts where a debtor complies with a plan, but cannot repay the full amount in reasonable time.' These new compulsory debt management plans come alongside other types of 'quickie' insolvency for people who have borrowed too much.

Debt-relief orders (DROs), which can wipe out debts of less than £15,000 without the need to go to court, are due to come into force next April.

A simplified version of Individual Voluntary Arrangements (IVAs), an alternative to bankruptcy, will become available from October, reducing creditors' powers to block an arrangement.

[colonel rigger] 09/5/2008 17:21

hamidahamida - 9 May'08 - 15:04 - 2919 of 2919


Colonel Rigger -
can you post the link thanks


Sorry I do not have the link, that is why I listed the page number.