AI Claims Solutions Share Discussion Threads

[alexacj] 08/3/2007 17:58

Whoops......you're absolutely right......my calcs might have been good on like for like turnover :-)......I think T&Gs initial forecast will turn out to be nearer the mark!

[elmfield] 08/3/2007 17:25

And we get a div, I like that.

[darlocst] 08/3/2007 17:06

an eps of 4p looks too high to me, especially as current forecasts are for profit £1.56 & EPS 1.82.

FY result to be "significanly weighted" to second half of year & in 1st half ACS did adjusted EPS 0.63p & adjusted pbt of £609k

On 2nd half TO of 18m to 19m @ GP margin of 30%, assuming a 10% increase in admin costs (they were hiring towards end of period) & reduction in interest payments I see adjusted EPS for FY being between 1.84p & 2.10p.

So even at my lower EPS estimates I still ACS as good value at these levels.

If they can convert some of these trials into ongoing contracts then the future will look very bright and upgrades through to 2008 needed.

[alexacj] 08/3/2007 15:43

Well....very rough I know but......they turned over £39 million last year and are projected to turnover £32 million this year.... that says to me that the overhead to manage a reduced turnover should at worst be the same.....then...if they maintain the 29.9% margin which is an increase of 5.1% over last year end figs......on a projected turnover of 32 million that should give a profit increase of about £1.6 million.....we should also see a reduction in interest payments....so add the additional £1.6million to the £0.9 million take the reduced interest as "bunce" and we look like getting close to £2.5 million at year end.....and that is about 4p eps?

[elmfield] 08/3/2007 13:52

4p WOW that is a big number if achieved, some how it seems high buy Mr Good must like what he is seeing and that is more than I see!

[alexacj] 08/3/2007 11:38

My bet is that we should see an "ahead of expectations announcement" and EPS of over 4p prior at the next set of results.......if that does materialise then the share price should be nearer 50p.....and Mr Good has added many more millions to his existing rather large pile!....looks like another 79333 buy as well.

[trixter] 08/3/2007 11:28

Some more "Good" news!

[trixter] 07/3/2007 14:45

some "Good" news!

[lord orphan] 07/3/2007 09:49

All that effort and he concludes its hardly a bargain. I think the estimates are way too low.

[elmfield] 07/3/2007 08:12

Nice one, Thanks.

[darlocst] 07/3/2007 08:09

A comprehensive overview of ACS has been posted on TMF. Well worth a read.

[elmfield] 07/3/2007 07:40

LATE trade at 28p yestertday, the MMS want your shares.

[elmfield] 26/2/2007 16:05

Is this a break out yet?
LOL!

[scotswhaehae] 26/2/2007 12:05

..from what I can make out, the MMs still havent caught up with events...

I suspect we'll be 30p plus soonish...

[alexacj] 26/2/2007 11:48

Whoever purchased that 100000 at 3p over the market price last Thursday is not looking too silly right now......I wonder what Crystal Ball he or she used!IF ACS does manage to hit £2.5 pbt then we should be able to hit 50p+ on the share price ....agree with you Scots that there is no reason to doubt that there is still the potential for some fairly significant upside with this share.

[scotswhaehae] 26/2/2007 10:00

This is still just a £18m market cap...lol...

I note we had a 40p share price in 2003!

Great upside imo!!

[elmfield] 26/2/2007 09:22

Good morning, and it is that here!

[darlocst] 25/2/2007 22:55

These interim results look great.

When they say results will be significantly weighted to the second half what % do you think that means? 40/60 or even more?

[alexacj] 23/2/2007 15:10

If my maths is correct that would put ACS on over 4p EPS......so apply a PE of between 12 & 15 & you get a nice number!

[scotswhaehae] 23/2/2007 11:35

very true imo alexacj...

and if you are right, as we enter the new financial year we would then perhaps be looking at say 12x historic PER...why not?...giving a then share price of say 34-35p...with a business in increasingly robust mode...

Great stuff!

[alexacj] 23/2/2007 10:14

Some food for thought.....if they maintain the 29.9% margin which is an increase of 5.1% over year end figs......on a projected turnover of 32 million that should give an profit increase of about £1.6 million.....with reduced overheads and a reduction in interest payments we should be capable of over £2.5 million at year end.....very rough calcs I know but I think it leaves the opportunity for a surprise to the upside in earnings....aimho!

[scotswhaehae] 23/2/2007 08:24

This would be approx the time for a trade buyer to appear if they want ACS 'on the cheap' imo...

[elmfield] 23/2/2007 08:15

That will make the coffee slip down a treat, now is it to late to top up?