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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| AI Claims | LSE:ACS | London | Ordinary Share | GB0009374090 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.25 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 24.25 | GBX |
AI Claims Solutions (ACS) Share Charts1 Year AI Claims Solutions Chart |
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1 Month AI Claims Solutions Chart |
Intraday AI Claims Solutions Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/4/2012 | 08:11 | AI Claims Solutions - on the up? | 990 |
| 17/12/2004 | 09:33 | Action Computer Supplies | 74 |
| 27/7/2001 | 09:42 | Action Computer Supplies - about to be stolen ! | 240 |
| 09/3/2001 | 15:56 | ACS up 6% today will u miss out?? | 5 |
| 30/1/2000 | 21:46 | ACS : good stock | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 27/2/2012 10:27 by shammytime Takeover target 30p per share |
Posted at 24/5/2011 21:41 by goldibucks Very illiquid share, rises and falls on hardly any volume. Two tiny 5,000 sales at the bid price and the price falls 1.5p. Edison wrote a note yesterday explaining why Ai Claims was a different kettle of fish to Helphire which has been sold down to 3p from £4 but seemed to do more harm than good. Mentioned that revenue could come under pressure from lower accident rates, down 8% in 2010, but potential to grow margins to compensate. Another thing that caught my eye is Edison reckon Ai Claims will have £24m of net debt at 30 June 2011 which leaves £6m of facility headroom which isn't much in the context of £70m of debtors. Fantastic company, challenging sector, fundamentals going in wrong direction, question is can they avoid trouble with £6m of facility headroom when net debt is forecast to remain at £24m and debtors are expected to rise from £70m to £88m in the next 2 years. Very cheap on fundamentals but in my view they will need to increase their facilities or tap the market to fund future growth. The market hates credit hire thanks to Accident Exchange and Helphire so they ought to go flat cap in hand to Yorkshire Bank for a facility increase before anything bad happens. |
Posted at 09/3/2011 20:15 by goldibucks 305,000 of those were mine. I reflected on the interim results and decided to sell. Performance is excellent and I can see 50% potential upside in the price by the end of the year but key risks have increased in the 2 years I have been holding. Petrol prices, insurance premiums, debtor days, and net debt are all up and interest rates are likely to follow. The company is under constant pressure to get insurers to pay and paying slowly or not at all seems to be the industry norm. |
Posted at 03/3/2011 11:56 by trixter Must be fairly confident the price will rise?"Ai, the ethical after accident solution provider, announces that it has made the following purchase of its Ordinary Shares of 10p: Date No of shares Price 2 March 2011 310,000 30.00p " |
Posted at 07/12/2010 01:02 by goldibucks The main negatives keeping the forecast P/E at 5 are;1) Low margin revenue growth 2) Interest rate risk on debt 3) Poor sector sentiment (e.g. Accident Exchange / Helphire disasters) creating doubts about the viability of credit hire. 4) Unexciting historical EPS growth (07,08 and 09 EPS was about the same as 04, between 2p-2.5p) 5) Low debtor days by sector standards at 103 days (up from 95 days in 09) but high relative to other sectors. This increases working capital management risk. You have to bear risk to make money, if you think you are making money without bearing risk, you don't know what the risks are. On the plus side, I'm getting a 27% return per annum based on forecast EPS / my average purchase price falling to 19% at 23p bid. With base rates at 0.5%, that's a very attractive return. Well ahead is fine but it was always going to be well ahead. I want to see new contract wins, not just renewals. |
Posted at 28/9/2010 19:29 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 27/7/2010 06:39 by goldibucks Pre close trading statement out today.Ai Claims Solutions Plc ("Ai"or "the Company"), the ethical motor claims solution provider, announces that its preliminary results for the year ended 30 June 2010, will be released on Tuesday 28th September 2010. The announcement last February of the interim results for the period to 31 December 2009 included the disclosure that the Company had commenced the implementation of a full outsource scheme for an insurer in run off. Since that time, the level of activity associated with the run off arrangement has delivered repair volumes in excess of that initially anticipated. The Company has in addition witnessed increased demand from existing key referral sources. Both of these factors have positively benefitted the Company during the period ending 30 June 2010. As a consequence, the Board now expects turnover, profit before tax and earning per share for the financial year ending 30 June 2010 to be ahead of market forecasts. The Company is also pleased to announce that two significant schemes with a major intermediary have also been implemented as expected. The benefits of these new schemes will impact positively on the results for the year ending 30 June 2011. |
Posted at 22/7/2010 07:49 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 20:06 by goldibucks H1 EPS up 31% bodes well for the full year. Net debt at £12.8m is £0.9m ahead of market capitalisation at 19.5p bid. Debtors days up from 95 to 101 versus 200+ sector average. Probably in the share price after the recent run but doubt many people will be selling on the back of the results. Provided there are no hiccups with debtor days or working capital, the share price is only going in one direction. |
Posted at 22/11/2009 12:58 by goldibucks When you say never any feedback or news, have you read the 64 page 2009 annual accounts? It's a comprehensive set of accounts for a company with a market capitalisation of £9.2m. If you want regular newsflow you need to invest in a bigger company. The problem for longer term holders is that Ai Claims hasn't made any bottom line progress in the last 3 years, basic EPS has gone from 2.01p in 07 to 2.26p in 08 to 2.13p in 09. That's not great but if it did that for 7 years in a row it would cover the current share price. The company has made top line progress but at the expense of lower margins, higher working capital requirements, higher debt, and higher interest payments so the market has got fed up of waiting for bottom line growth and is pricing the earnings on a dull income stock multiple. Another downside is the directors running Ai Claims don't own much equity and haven't bought much, I own more shares than the CEO and FD. If Directors aren't prepared to put their own money up, they shouldn't be given share options. They should get a modest basic salary with a generous bonus related to EPS growth. Charles Good, Bluehone, and the other major Ai Claims shareholders need to set targets for EPS growth in the next 3 years. If David Sandhu, Steve Broughton, and Peter Harrison can't achieve them, they need to be replaced, preferably with Directors willing to invest their own capital instead of holding their hands out for share options without delivering anything noteworthy. |
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