Acg Acquisition Share Discussion Threads

[hamidahamida] 14/7/2008 20:48

Accuma has No debt

Over £900000 cash in the bank

Highly profitable dmp side that made almost 600000 in 5 months

Iva side is profitable again and they have a iva book WORTH £16.8 MILLION

IVA DIVISION COULD ALONE BE SOLD FOR MORE THAN 15P
for further info please read 25th feb T/U RNS


Doom and Gloom being reported daily


Boom times are here again for debt management sector

M/CAP 2.2 MILLION DIRT DIRT DIRT CHEAP

RNS Number:6244O
Accuma Group
25 February 2008

IVA division has 5,906 live
IVA cases with future contracted revenue pre delinquency of £16.8m.,
representing a substantial book of business. Shareholders should note that
consolidation in this sector is gathering pace: the Board has received some
approaches which may lead to a satisfactory offer for the IVA business. With the
restructuring of this business now complete, the Board believes that the
realizable value of this business alone considerably exceeds our existing market
capitalisation. THIS RNS WAS PUT OUT WHEN THE share price WAS AROUND 15P

[ihavenoclue] 14/7/2008 19:04

8T ... i am really hoping it is astute ... something definetly seems to be going on and someone really wanted in.

50k only being £3.5k at the offer at the time so to have to pay a 30% premium is amazing.

Regards
IHNC

[8trader] 14/7/2008 17:20

50k buy at 9p when the offer was 7p ?

Crazy, mad or astute, we shall see !

[felix99] 14/7/2008 16:18

yes its very cheap isn't it. As you say shame there is no stock around,. Would have been nice if some INst decided to have a clear out to let us poor PI pick up a decent wedge

[8trader] 14/7/2008 13:35

Offering 2,500 online at 7p so you are right IHNC, they are widening
the spread as they are very short of stock.

[8trader] 14/7/2008 08:27

Bidding 6.5p for 100k on that 6-6.75p spread shows how short they are.

[pictureframe] 11/7/2008 18:12

If I get a reply will let you know

[8trader] 11/7/2008 17:40

That indeed could happen !

One thing i've noticed of late is that if the mm's are extremely short
of stock in a penny stock they play extremely stubborn in moving yet
when you look at some stocks that have issued some dire news they are
getting pushed higher every day.

At 1.86 mil market cap it looks like a real good gamble, shame i could
only get a fraction of what i would liked but that might be a blessing
with my current luck in this market.

"The Group is debt free, cash generative and at the end February had a cash
position (net of imminent earn out payments in respect of Byrom Keeley and Loan
Line) of £914,000"

[ihavenoclue] 11/7/2008 17:28

Trader ... does it matter ? As soon as it starts to rise the MM's will kill it with a huge spread again !!

[ihavenoclue] 11/7/2008 17:27

picture .. gonna give us a clue over the reply ? I got a reply from the CEO saying he owned 22% and not much more.

Regards
IHNC

[pictureframe] 11/7/2008 14:28

Dont worry about me....Im already a holder ;0)

I fired an email off to them today asking when we get an update

[8trader] 11/7/2008 13:33

Cant buy anything over 5k online and on the phone.

Just noticed the 90k+ buy yesterday at a premium, you can sell
100k at the mid price and buy 5k at the offer price.

Seems to be a shortage again, will try again to get some at 6.5p
but the mm's wont sell at the moment.

[hamidahamida] 09/7/2008 18:14

no debt
over 900000 cash
highly profitable dmp side that made almost 600000in 5 months
iva side is profitable again and they have a iva book of 16 million


Doom and Gloom being reported daily


Boom times are here again for debt management sector
M/CAP 2.2 MILLION DIRT CHEAP

[ihavenoclue] 07/7/2008 16:19

poor pictureframe ... maybe one day your 5p will happen ...but seen as i am invested here i hope it doesn't.

[andrbea] 07/7/2008 15:22

sector peer (invo) up 22% today

[pictureframe] 02/7/2008 13:53

come on nearly there ;-)

[pictureframe] 02/7/2008 09:25

will I get my 5p this time?

[hamidahamida] 30/6/2008 13:04

Email Mr howson and ask him when they are planing to update the market


[e-mail]

[asl1978] 27/6/2008 17:11

Shares to beat the crunch - Investors Chronicle
Created: 27 June 2008 Written by: Peter Temple

'It's an ill wind that blows nobody any good' applies to the credit crunch as much as to most other situations in which investors find themselves. A contraction in borrowing capacity, falling property prices, bailouts of investment banks and the like is bad for the stock market. But not uniformly so. The reality is that there are beneficiaries to be found

At first sight the omens do not look good. Recent data on building society lending show new home loans are down 68 per cent by value on a year ago. In part this is the result of voluntary action by the building societies themselves in the wake of the Northern Rock debacle. In part it is due to stricter lending criteria being applied. For example, buyers with relatively small deposits are now routinely being refused loans. In the Northern Rock era, mortgages of 100 per cent or even 125 per cent, were on offer.

Nor is the pain confined to the property sector. The credit crunch has been tough on small businesses. Reduced credit availability and higher costs are making life exceptionally difficult. This has resulted in a sharp rise in companies entering administration, with numbers up by 54 per cent in the first quarter of 2008, according to official statistics. The problem is yet to become apparent in individual bankruptcies. These crept up in the first quarter of 2008. But economists see this number rising much further as the full effects of the credit crunch work through.

One area that may not benefit is debt consolidation. Individual voluntary arrangement (IVA) promoters have hit problems due to intense competitive pressure, a shortage of qualified practitioners and a tougher line being taken by creditors. Debt consolidation loans are also often predicated on raising money against a debtor's home. That's a route that is less viable if property prices are falling and a home owner's equity is shrinking. The result has been a rationalisation and recapitalisation, and even a renaming of some of the main players.

Beneficiaries of the credit crunch, though present, may be slow to emerge. Troubled companies may struggle on for months in the hope that something will turn up before admitting reality and calling in the administrators. Individuals may do the same for some time before realising that the old sources of finance are no longer available and that a new discipline has to be applied that involves reining in spending, raising cash and paying down debt.

When the penny drops, however, beneficiaries should include corporate insolvency practitioners and those, like forensic accountants, who make a living from picking over the bones of moribund companies. In the personal sector, leaving aside the debt consolidators and IVA promoters, those best placed to gain are those offering alternatives to debt from the mainstream banking system, and those companies offering investors ways to raise cash and cut spending.

One interesting factor about several of these companies is that many stand on low multiples and have relatively high yields. This suggests that the market has indiscriminately marked down the prices of the leading high-street banks that have the biggest problems, but also those of the lenders and other service providers that may be in a position to pick up customers from them and provide solutions for their credit problems.

A credit crunch and the economic contraction it causes can provide opportunities just as much as threats. What needs to be recognised and fully appreciated is that mainspring of all banking crises: the axiom that 'cash is king', whether for a business or an individual, and that profits can flow to those able to provide it.

[welshwiz] 27/6/2008 16:06

4 years of hurt with ros before a big profit...so not averse to sitting in something good myself ;-)
Mos is another i am building up a big position in.
Acg is ridiculously undervalued and with just over 30 mil shares in issue an upturn in fortunes could be swift and in a blink of an eye ;-)

[offbalancesheet] 27/6/2008 14:20

Some good recent posts and general news flow encouraged me to top up today with profits from a good run on Begbies Traynor - another ambulance chaser!

Now sitting on 145,000 shares at about 14p average. Last time I took such a position was with Oasis Healthcare and that took two years to come good but did so spectacularly.

Fingers crossed...

[8trader] 27/6/2008 14:18

Yes, i day trade it now and again, watching closely for next bit of news.

[amazon_woman] 27/6/2008 14:14

yes I did thanks

This could be a good hedge against the current climate though.

AW

[8trader] 27/6/2008 14:12

mm games AW, did you check and see you could not sell 25k into
this rise hence the drop back on a small sale.

[amazon_woman] 27/6/2008 14:09

You in here too !!

AW

Nice to have 2 blue today