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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| AI Claims | ACS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.25 | 24.25 |
| Top Posts |
|---|
Posted at 28/9/2010 20:29 by goldibucks Today's results in PDF format;There is some very useful information on risks and mitigating factors, key performance indicators, and loan covenant conditions. Some highlights; 1) Revenue up 65% £55.7m to £91.9m. 2) Gross margin down from 26% to 18% in line with change in sales mix. 3) Profit for the year attributable to ordinary shareholders up 47% from £1.3m to £1.9m. 4) Basic earnings per share up 47% from 2.13p to 3.14p. 5) Dividend up 10% from 0.60p to 0.66p. Fives times covered. 6) Bank facilities doubled from £15m to £30m to fund working capital growth. 7) Strong start to new financial year with new contract starting on 1 July. 8) Chairman has agreed agreed to extend his 100% share price linked remuneration scheme for a further 2 years. 9) Debtor days up from 98 to 103 but still significantly below industry average. Also, 93% of revenue recognised prior to 30 June 2009 had been collected by 30 June 2010. 10) Net debt up from £8.1m to £18.1m. Based on a revenue increase of £36.2m and debtor days of 103 days, this is entirely working capital driven. 11) Return on capital employed up from 10% to 13%. |
Posted at 22/7/2010 08:49 by trixter Thanks Goldibucks...as you say this looks promising, especially with companies like HHR going the other way. ACS looks to becoming the largest operator in this space. |
Posted at 02/3/2010 07:47 by trixter ..and...more to come this year..."As in previous years, we anticipate that our profit will be weighted towards the second half of the year." and increased divi paid earlier: "The Board is pleased to announce an interim dividend of 0.29p per share (2008: 0.26p), an increase of 12%. The dividend will be paid on 1st April 2010 to shareholders on the register at 12th March 2010." |
Posted at 22/9/2009 11:41 by goldibucks I have an average buy price of 14.63p which is 6.2 times the adjusted EPS figure of 2.36p. On top that I'm getting a dividend yield of 4.1% based on a 0.6p total div and 37% revenue growth. This is a growth stock with the dividend yield and earnings multiple of a structurally challenged income stock. |
Posted at 22/9/2009 07:32 by masurenguy RNS Number : 4224ZAI Claims Solutions PLC 22 September 2009 Preliminary Results for year ending 30 June 2009 Key Metrics Revenue increased by 37%, to £55.7m from £40.8m. Hire revenue increased from £24.6m to £37.3m (52%) to comprise 67% of total revenue (2008: 60%) whilst repair income increased from £11.1m to £13.1m (18%) but reduced to 24% of revenue (from 27%). Other income lines grew slightly from £5.1m to £5.3m but declined as a percentage of revenue from 13% to 9%. Gross margin reduced from 32% to 26%. Adjusted profit before tax (before IFRS 2 charge) was £2.016m (2008: £2.159m). The result was, as expected, biased towards the second half of the year. Net cash outflow of £5m. Our debtor days, which we calculate using the count-back method, average 95 days (2008: 82 days). The increase in average debtor days combined with growth in revenue has increased the working capital funding requirement of the business. Net debt increased by £6.2m during the year to £9.1m, after absorbing £1.0m of capital expenditure on IT systems and infra-structure development. The net overdraft of £8.1m (£1.8m) reflects an operating cash outflow of £5.0m, due principally to a growth in debtors less creditor funding of £7.9m. In anticipation of further growth during 2010, an increase in bank facility to £15m on competitive terms was agreed in July 2009. The Board is pleased to propose a final dividend of 0.34p per share for the year to be paid on 6 January 2010 to shareholders on the register at 11 December 2009 (2008: 0.34p), taking total dividends in respect of 2008/09 to 0.60p (2008: 0.60p) |
Posted at 21/5/2008 08:06 by alexacj A good sign....Charles has been constantly buying up shares......he's now going to retire from the board.....so his continued faith is reassuring! ACE up 120% in the last few weeks......finally managed to turn a loss into a nice profit on that one!! I still think that the long term winner in this sector will be HHR.....and I think ACS will either be bought or continue to pick up insurer contracts.....so I plan to hold HHR & ACS!! aimho! |
Posted at 19/5/2008 15:17 by wjccghcc BB's are for the exchange of information. Most of us do research on a financial basis but clearly cannot be an expert on every industry, particularly one as murky as this one.Perhaps that's why ACS is so unloved by the market... |
Posted at 19/5/2008 14:51 by finsburycircus ACS is now strongly cash positive moonlight83...there is no net debt I believe...so interest paid is a thing of the past...This thread has several incisive analytical posts...all pointing to severe undervaluation of ACS shares in my view. Re-rating may just be getting underway as I write. |
Posted at 19/5/2008 14:43 by moonlight83 Lads, can I ask you if you think ACS have a significant advantange over competitors. I know they lease their fleet rather than owning it. In a period of rising borrowing costs, small caps with a borrow-as-little-as-I'm trying to figure out how competitors could hurt this company, if this could happen in the short term and if their management is somehow more reliable than in other companies. If I had to look at valuation only, there's no doubt ACS is a buy. |
Posted at 24/3/2008 19:25 by kirkie001 Interesting thread on TMF. Views on its applicability with respect to ACS?K |
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