Acg Acquisition Share Discussion Threads

[welshwiz] 25/9/2008 13:48

a.w
are you back in or looking?

[amazon_woman] 25/9/2008 13:43

For those interested the online limits are 100k/5k 4.88/4.94p.

AW

[hamidahamida] 25/9/2008 13:06

RECOVER STARTS HERE
HAPPY DAYS

[jailbird] 25/9/2008 12:57

In addition, the IVA business suffered reduced per case fees and a drop in the
number of new IVA cases being taken on

[hamidahamida] 25/9/2008 12:37

great news well over due now big bounce comming soon

[welshwiz] 25/9/2008 11:11

can only buy 25k online..phone want big premium.
Hoping people sell into the fall

[andrbea] 25/9/2008 11:10

peer player (IVA segment) clea is up 53% today
only trade a big sell

no understanding these markets...


;-)

[pugg1ey] 25/9/2008 10:59

except for the Sp ;-)

[welshwiz] 25/9/2008 10:53

...seeing whats available

[apeksa] 25/9/2008 10:49

I take this as a positive step:

RNS Number : 2846E
Accuma Group PLC
25 September 2008

Accuma Group Plc
("Accuma" or "the Group")

Liquidation of Subsidiary


On 18 September 2008, Accuma Group Plc announced that it was reviewing options for its
loan broking division, Loan Line (Holdings)
Limited and its subsidiaries (together "the Loan Line Group"). The Board has spent
considerable time since then in discussion with the
management of the Loan Line Group and has concluded that the Loan Line Group would be
insolvent without further financial support from
Accuma. Due principally to the withdrawal from the sector of a number of major funding
providers, conditions in the Loan Line Group's
markets are very poor, with a dearth of wholesale funding, and the Directors have therefore
concluded that it is not in the interests of
Accuma's shareholders to continue to fund the Loan Line Group's losses. Accordingly the Loan
Line Group directors have convened a meeting
on 14th October 2008 under section 98 of the Insolvency Act 1986 to appoint a liquidator to
put the Loan Line Group, other than its dormant
subsidiaries, into a Creditors Voluntary Liquidation.
For the six months ended 30 June 2008 the Loan Line Group recorded a loss of £196,000 and
at 30 June 2008 it had net liabilities of
£81,181. In the December 2007 accounts a full impairment charge was made for the goodwill of
the Loan Line Group, of £11.8 million.
The closure of the Loan Line Group will result in a write off of approximately £600,000
intercompany liability and an additional net
cash outflow of around £90,000 in settlement of liabilities due to the Loan Line Group. At 30
June 2008, Accuma Group Plc had net cash of
£1.5m.

[pugg1ey] 24/9/2008 16:54

ahh finally a definite sell. a whole £7K's worth.

[pugg1ey] 24/9/2008 13:09

can't quite work out the share price movement. seems a couple of 100K buys (yesterday and today) and the share price falls 25%. even if they were sells that's only £10K worth of stock.

[awe430save132] 24/9/2008 12:56

what a dog of a stock!

[pictureframe] 23/9/2008 11:48

Fair risk on this is around 2p a share imo. Falling revenue,failing number of cases,they are carrying over £15 million of intangables and these will need to be written down substantially. Cant see a profit here for years much better plays out there than this.

[hamidahamida] 18/9/2008 09:14

back in profit
cash bal has gone up from £900000 to £1.5 million
by year end i think cash bal should be around 2 million
on a sliding scale future earnout payment should be less than 1 million

i think they will close the lone side and that should save money

[pictureframe] 18/9/2008 09:05

no update on potential sale of division - there is no reason to hold this imho

[jailbird] 18/9/2008 07:40

nothing to smile about

these buts looks worrying
This fall in revenue is the result of a very poor performance in
the period by our loan broking division, following which the Board has now taken the decision to review the strategic options of this
business. In addition, the IVA business suffered reduced per case fees and a drop in the number of new IVA cases being taken on,

So what is poerforming well..if this contines they will be in loss again.

2009 some of their cash will be used to make an earnout payment.

[welshwiz] 18/9/2008 07:12

results are here boys and girls :-)

[hamidahamida] 16/9/2008 15:55

MORE AND MORE PEOPLE IN DEBT ARE LOOKING TO DO DMPS

ACCUMA
HAS
NO DEBT
CASH OF AROUND 1 MILLION
FUTURE CONTRACTED IVA BOOK OF AROUND 16 MILLION POUNDS
DMP SIDE OF THE GROUP GROWING LIKE WILD FIRE AND MAKES OVER 1.5 MILLION PRE TAX

ACCUMA MARKET CAP ONLY 2 MILLION

[hamidahamida] 16/9/2008 15:53

This sector will be in fashion again
And

THE STAR of the show will be ACCUMA

[andrbea] 16/9/2008 12:26

this piece was dated Sept 12 (before the carnage on the world market)

"This chimes with data from IVA.com, which has seen the average total debt of consumers signing up for individual voluntary agreements (IVAs) has increased from £32,750 in May to £47,000 in August."



so those numbers will surely increase for the rest of 2008?

[pugg1ey] 16/9/2008 12:11

woo hoo. a share i own blue for the time being (come 4.30 it maybe a different story!). must be a miracle. pity I'm still 10% down ;-)

[amazon_woman] 16/9/2008 09:57

2v1

Online 37k/7k 6.75/7.38

Nice to see on a day like today.

AW