Acg Acquisition Share Discussion Threads

[ihavenoclue] 16/9/2008 09:41

Results due by the end of the month. If you read the results RNS in March you will see they threw out all the bad news. Also mentioned on the report was the fact that the first half of Jan - June would be the strongest half of the year.

It was all in place on the verge of profitability - let's see how it goes.

[amazon_woman] 16/9/2008 08:41

5v1 and blue in a sea of red wish I had got more now.

WW well done.

AW

[8trader] 15/9/2008 16:54

100k at 6.5p WW as well ?

[8trader] 15/9/2008 16:31

You again ww ?

[welshwiz] 15/9/2008 16:31

wnkers robbed me ;-(

[8trader] 15/9/2008 16:26

Quite a premium buy there.

[ihavenoclue] 12/9/2008 19:48

Results due within a few weeks

[pugg1ey] 12/9/2008 16:07

so why are we down 14%?

[hamidahamida] 12/9/2008 15:53

The greatest value investor of all time, Warren Buffet, summed it up best when he said "be fearful when others are greedy and greedy when others are fearful"! This is the "rock" upon which I've built my system.

Accuma Way undervalued

[pugg1ey] 12/9/2008 15:50

or a fundraising round the corner

[pugg1ey] 12/9/2008 14:51

nothing like some 50K buys to send the price down 10%. must be a big seller somewhere

[ihavenoclue] 10/9/2008 09:08

From results RNS in March

"*On 13th December 2007 the Group announced its intention to change its year end to 31st December resulting in a 5 month period. The change will smooth the
effect of the seasonality of the debt solutions market on our results, which are most active in the period from February to July, in future years. However the effect of reporting a five month period to 31 December would tend to flatter the first half results at the expense of the second half."

Well ACG certainly needs a shot in the arm .. i hope results are this month and they are good !!

[asl1978] 01/9/2008 09:35

Trading cheer from Relax - from Growth Company Investor
Companies: RLX
27/08/2008
Diversification is paying off, says debt management specialist Relax Group, as it seeks organic growth and further acquisition opportunities.

AIM-quoted Relax, formerly Debts.co.uk, has been switching its business mix from primarily handling individual voluntary arrangements (IVAs) to debt and arrears book management, and says results for the year to last month should be in line with market expectations.

These see the company, created in its present form by Debts.co.uk, buying PB Recovery for £1.25 million and Relax Finance for £3 million in shares and cash, showing a £1.16 million pre-tax profits fall to £2.24 million in 2007-08, followed by a strong surge to £4.18 million pre-tax for the year to July 2009.

Relax, steered by chief executive officer Paul Carter, says fees have been coming down in the IVA market, now only 35 per cent of total turnover. The company says it has 'more than offset' this by cutting the cost of generating enquiries and back office efficiencies.

Debt management plans handled by Relax have risen 30 per cent year-on-year. The company is looking to expand its mortgage business and, though mortgages and loan completions are 'momentarily constrained' by the credit crunch, directors say they expect 'accessibility to funding' to improve towards 2009.

Shares in Debts.co.uk/Relax have hitherto performed disastrously, dropping from 219.5p two years ago to 22.5p last month. But they have lately crept up to 24.5p, valuing the company at £7.5 million, and, with a new business mix and strong profits recovery in prospect, they could regain some favour in due course.

[ihavenoclue] 27/8/2008 08:48

Well another flash in the pan blip .... results should be out within a month. Can't see a trading update happening though, like in feb, a month before results.

[love it] 26/8/2008 10:33

Just interested in ths one. Seems they got a rest bit with a seller and 1 mm dropped back.


lol as I type the same MM dropped again 5 bid 1 offer next offer 9p MMgames? Want seller?

[ihavenoclue] 26/8/2008 09:26

Saw the rise on friday .... thought it must be getting close to an update and i bought back in this morning. Looking good at the moment ....

[asl1978] 26/8/2008 09:26

5k buy limit at 8.5p!
Sell 50k at 7.65

[5freddy] 24/8/2008 13:11

There was no stock available late on Friday as i too tried to buy but was refused unless i paid a penny premium for 50k, already a holder so happy to see this rise and with the mm's so short of stock it bodes well for next week.

[asl1978] 22/8/2008 17:31

The games with this share start again!

[love it] 22/8/2008 16:36

4 mm's moved up on the bid on a 10,000 buy. Should be interesting next week.

[asl1978] 21/8/2008 13:21

CCCS (Consumer Credit Counselling Service) one of the UK's leading Debt Charities has announced debt statistics for the second quarter of 2008. Amazingly, 100% of the IVA's proposed to creditors were accepted, with the average agreed debt right off being 58%.

London, UK (PRWEB) August 21, 2008 -- CCCS (Consumer Credit Counselling Service) one of the UK's leading Debt Charities has announced debt statistics for the second quarter of 2008.

debt free
The two debt solutions reported on were IVA or Individual Voluntary Arrangements and Debt Management Plans. Both of which involve proposing a payment plan to creditors, but there the similarity ends with the key difference between a Debt Management Plan and an IVA being that a Debt Management Plan is not legally binding and you need to pay off the whole amount of the debt. Compared to an IVA which is a legally binding agreement and you pay off the part of the debt that you can afford.

Amazingly, 100% of the IVA's proposed to creditors were accepted, with the average agreed debt right off being 58%. What this means is that if you had £60,000 of debt, you'd be left with only £25,000 to pay over 5 years. But before you get too carried away, the most popular debt solution used by far by the CCCS was the Debt Management Plan, with one IVA chosen as the debt solution, for every 50 Debt Management Plans.

What is also important to stress that the choice between the two is not based on which one you would prefer but which one is most suitable for you. The key to understanding which solution is best for you is to get good honest debt advice from a reputable debt advice company. Debt Free Direct is currently the UK's leading provider of IVA's and Citizens Advice and the CCCS is the leading UK Debt Charity.

Talk About Debt is an independent and impartial community and expert driven debt advice website.

[ihavenoclue] 16/8/2008 10:35

Seems that Accuma had better boost their advertising spend then

"The company points to figures from its own market study which shows that, of the £9 billion set to flow into debt solutions during 2008, around £8.1 billion (90%) will be managed by the first debt solution provider the debtor had spoken to."