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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Acg Metals Limited | ACG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 5.10 | 08:00:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.10 | 5.00 | 5.10 | 5.10 | 5.10 |
| Top Posts |
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Posted at 13/8/2009 11:27 by markktm asl1978 If you take their quotes on income from the disposal you've also got to take into account their quote (in the conditional disposal of IVA portfolio RNS) of their costs which have got to come off the cash pile available...." In addition to the direct costs of the Disposals, the Company has agreed with its principal landlord to make certain payments to relinquish its leasehold interests in 18,000 square feet of office space in Manchester city centre. Together with certain tax liabilities associated with the Disposals, these total approximately GBP2.6m." Pugg1ey - Your post is exactly my point.... : "it has 50% of it's original business so does it still make money?"....... the fact that you end your point with a question mark just says that nope of us are sure that Byron is still making money (Debt Management plans are suffering massive breakage rates in todays environment which cuts Bryoms income stream as soon as they stop paying) ....... The main point being that the board here just don't tell us information & can't even be bothered to reply to direct questions asked to them ...... yet expect an investor to trust them to look after our interests! You've hit the nail on the head with your forecast of a cheap MBO...... shafting existing investors DYOR! |
Posted at 01/4/2009 21:39 by markktm It does say something about the company when they can't keep the investor timetable up to date on their own website (Last update was 2008) |
Posted at 12/9/2008 14:53 by hamidahamida 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 |
Posted at 01/9/2008 08:35 by asl1978 Trading cheer from Relax - from Growth Company InvestorCompanies: 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. |
Posted at 29/7/2008 11:06 by pictureframe good luck getting an answer - i have sent 3 emails and left 2 mesages for investor relations to call me to no avail |
Posted at 27/6/2008 16:11 by asl1978 Shares to beat the crunch - Investors ChronicleCreated: 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. |
Posted at 27/2/2008 10:13 by asl1978 Sadly I'm it at the 30 mark but lets face it they will sell the IVA business (hopefully in a cash deal) which will leave them with a positive cash balance and a profitable business (post-restructuring) |
Posted at 10/12/2007 09:29 by andrbea beg up 22% (insolvency work)Accountants predict rise in insolvencies The country's leading accounting practices are expecting a rush of insolvency work in the new year, amid fears that the credit crisis will dry up the "wall of cash" that in the past has saved troubled businesses from going bust. Industry experts predict that the number of insolvencies will rise by as much as 10 per cent now that banks are taking a more conservative approach to lending and other investors, such as private equity groups and hedge funds, which have saved troubled firms in the past, are taking a more cautious view on risk. |
Posted at 03/12/2007 09:53 by laf By Andrew Dewson - IndependentPublished: 03 December 2007 Mixed signals for IVA investors Contrasting newsflow from IVA companies last week: Debt Free Direct (DFD) confirmed that it has reached "accreditation ready" status following a review of its operations by TDX, the specialist audit group formed by creditor banks; meanwhile, Accuma revealed that takeover talks have been terminated. Clearly, despite what has been a hideous year for the IVA market, some companies are in better shape than others. The review of fees and accounting practices by TDX is good news, even if it didn't lead to a surge in DFD's share price. Basically, it sets out the fee structure going forward to the satisfaction of all parties, and allows analysts to pencil in some forecasts that are based on more tangible parameters. As one analyst said, trying to put a value on these companies has been like trying to pin jelly to the ceiling. For DFD, the ruling puts it at the head of its sector. Its market share is something like 28 per cent, and although the number of approvals has fallen with the uncertainty surrounding the industry, the number of people facing huge debt problems has not exactly shrunk. One major high-street bank is already referring its IVA applications to DFD. Given the credit crunch and projected falls in house prices and the increasing difficulty in remortgaging property, the sad reality is that IVAs are likely to remain an attractive choice for some debtors. DFD can at least look to the future with more certainty than at any point in the last year, and the TDX ruling gives it and its shareholders a firm base from which to take the company forward. The same cannot be said for Accuma. Its shares have been the worst performer in the sector over the past year, losing more than 90 per cent of their value since January. The end of offer talks hardly knocked the shares back with losses like that, most investors have written the stock off anyway. But if the company cannot find a buyer at these levels, even with the hope of the same accreditation from TDX, its future prospects cannot be much less bleak than the last year has been. For investors, there look to be fairly limited choices but for our money, it is very clearwhich stocks are likelyto prosper. |
Posted at 30/6/2007 13:51 by colonel rigger salver2 - 29 Jun'07 - 21:23 - 1649 of 1655i think the investors chronicle suggested they would go bust-6 months after they made it tip of the year-they really need to issue another When did the investors chronicle suggest they would go bust? I read the investors Chronicle every week & I have not yet seen an article in it to say they are going bust! |
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