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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Anexo Group Plc | ANX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.10 | 0.16% | 64.60 | 16:35:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 64.50 | 64.00 | 65.00 | 64.60 | 64.50 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 01/05/2024 | Final | GBP | 0.015 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 10/05/2023 | Final | GBP | 0.015 | 25/05/2023 | 26/05/2023 | 23/06/2023 |
| 11/05/2022 | Final | GBP | 0.01 | 19/05/2022 | 20/05/2022 | 24/06/2022 |
| 13/09/2021 | Interim | GBP | 0.005 | 23/09/2021 | 24/09/2021 | 22/10/2021 |
| 27/04/2021 | Final | GBP | 0.01 | 24/06/2021 | 25/06/2021 | 20/07/2021 |
| 13/08/2020 | Interim | GBP | 0.005 | 27/08/2020 | 28/08/2020 | 23/09/2020 |
| 29/06/2020 | Final | GBP | 0.005 | 30/07/2020 | 31/07/2020 | 21/08/2020 |
| Top Posts |
|---|
Posted at 30/8/2024 12:31 by useless23 I would like to make it clear from my posts below that I am not implying that ANX are involved in any fraudulent activity. Rather, they could be an innocent victim of those wishing to pursue fraudulent motorcycle courier claims. |
Posted at 30/8/2024 07:06 by fillipe ANX - very positive BUY article in this week's new edition of Investors Chronicle.f |
Posted at 24/6/2024 08:37 by fillipe ANX, very recently I came across this unattributed note on the web."The one analyst offering a 12 month price target expects Anexo Group PLC share price to rise to 300.00 in the next year from the last price of 67.50." All fwiw. f |
Posted at 13/5/2024 12:01 by smackeraim https://x.com/shares |
Posted at 03/5/2024 08:11 by rivaldo Zeus have issued an update note today.They forecast 14.8p EPS this year, rising to 16.4p EPS next year. There's a 1.7p forecast dividend for both years, with net debt falling to £54.6m at the end of next year. Here's the outlook summary, but it's the section on the significant pipeline of demand which is the most interesting: "Outlook & forecasts: Our FY24E forecasts are unchanged, and we introduce FY25 numbers today. Our forecasts are underpinned by growth in vehicle activity, particularly towards the end of FY23, as well as the significant portfolio of claims within Legal Services. Valuation: Anexo trades on an FY24E P/E of 4.3x with a prospective dividend yield of 2.7% based on a conservative c.10% payout ratio of adj. EPS. We do not include any benefit from future Emissions Case agreements, despite reflecting the associated marketing costs within our forecasts, providing upside risk to profit and cash generation in the event that agreements are reached, which we expect could be in FY25/FY26." "Significant pipeline of demand Credit Hire division provides an essential service to “impecunious&# professional advice on their debts and 12 million people are “on the edge” of serious debt problems. These statistics illustrate the level of need for the services Anexo provides in our view. We believe an increase in ‘gig-economy&# High growth Housing Disrepair division: The Group’s Housing Disrepair division was established in FY20 following the passing of The Homes (Fitness for Human Habitation) Act 2019. An estimated 12% of social housing (480,000 homes) and 25% of private rented housing (1,150,000 homes) fail to meet the Decent Homes Standard, whilst an estimated 5% of social housing (200,000 homes) and 14% of private rented housing (644,000 homes) have hazardous levels of damp and mould growth. The HDR claims cycle is shorter (typically 7-9 months), more profitable and generates a higher return on capital vs. Credit Hire. Assuming c.25% of those eligible go on to pursue a claim implies a total of 600,000 claims. Anexo has c.3,900 active claims at the 31 December 2023, indicating significant growth potential in this division. Emissions litigation has potential to generate meaningful cash returns: the Group believes there is potential for further cash generative agreements through pursing additional, selective emissions litigation claims, with up to 11 million vehicles impacted in the UK. This includes the ongoing Mercedes Benz Emissions Claim, with a total of 12,000 claimants now signed up and forming part of the wider group litigation action. Mercedes Benz agreed to pay 250,000 American consumers an average of $3,290 each after a similar group claim in the United States. The UK Mercedes Benz claim has been valued at up to £1bn by some experts. Further actions against Vauxhall, BMW/Mini, Peugeot/Citroen and Renault/Nissan is also underway with c22,000 confirmed claims." |
Posted at 03/5/2024 07:10 by smackeraim Another six companies will be announced tomorrow including #ANX Anexo who released their results today. Lots of great speakers too...Christopher Mills, Georgina Brittain, Gervais Williams & Lord Lee to name just four??Do not miss ithttps://x.com/carm |
Posted at 01/5/2024 12:39 by rivaldo Agreed, looks like a positive turnaround is happening here, led by those improving cash flows.WH Ireland forecast 15.2p EPS this year, up from 12.8p EPS, for a P/E of just 4.2, with a EV/EBITDA of only around 3.4. They summarise: " Continuing in invest in attractive markets The business looks all set to grow, having invested strongly in FY23 (£4.3m in Diesel Emissions lead generation / staffing, £3.8m in Housing Disrepair marketing costs, and vehicles at peak levels in Credit Hire as discussed). The large demand pool of impecunious motorists and motor-cyclists involved in no-fault accidents continues to be tapped. Housing issues on both sides of the private / rented divide remain a major issue. We view secured claims of 12,000 (Mercedes Benz) and 22,000 (others) as offering a very substantial future reward to this company. • Forecasts: Following inline results this morning, we leave our FY2024E unchanged, assuming a continuation of high levels of activity in the credit hire business and a positive impact from growth in headcount in the Legal Services division. Introducing FY2025E forecasts, we see potential for ANX to deliver further growth whilst at the same time achieving a reduction in net debt as cash collections improve. Crucially, we note our forecasts include vehicle emissions marketing costs as expensed, excluding the significant upside this promises." |
Posted at 20/2/2024 08:21 by ohisay Zeus Capital today... Valuation: Anexo trades on an FY24E EV/EBITDA (inc. lease liabilities) of 3.2x and a P/E of 3.8x with a prospective dividend yield of 2.6% based on a conservative c.10% payout ratio of adj. EPS. Our forecasts do not assume any benefit from the ongoing Emissions Claims, despite Mercedes having already paid-out in the United States. Agreement in Group Litigation Action currently ongoing would result in additional material cash inflows in 2024/2025. |
Posted at 23/8/2023 06:26 by rivaldo Zeus have released a new 23 page note this morning. They don't have a price target, but summarise with share upside of >100%:"Valuation: Anexo trades on an FY23E EV/Sales of 1.0x, an EV/EBITDA (inc. lease liabilities) of 3.4x and a P/E of 4.2x with a prospective dividend yield of 2.4% based on a conservative c.10% payout ratio of adj. EPS. Relative peer multiples imply share price upside of >100%. Our forecasts do not assume any benefit from the Mercedes Benz Emissions Claim, despite the manufacturer having already paid-out in the United States. An agreement in the Group Litigation Action currently in process would result in additional material cash inflows in 2024." They also state: "On an EV/EBITDA basis, comparable peers suggest Anexo should trade at least double its current 3.4x multiple. Assuming Anexo traded in line with the average of the UK legal services sector FY23 P/E of 9.5x would imply a share price of 149.4p, upside of 125% versus the current price. Removing Keystone Law, which trades at a premium to the wider sector, would still imply a PE of 7.3x, or 175% upside to current levels. Our forecasts do not include any benefit from a potential agreement in the ongoing Mercedes Benz Emissions Claim, despite the manufacturer having already paid -out to consumers in the United States. Anexo is representing 12,000 claimants in the Group action,. The Group also sees scope for further action against at least six other major manufacturers over time." |
Posted at 03/7/2023 14:06 by rivaldo FYI a nice write-up on ANX (poor use of "it's apostrophes!):Conclusion: "Nevertheless, the group has grown it’s EPS at a rate of +9.2% over the past 5 years and has a current dividend yield of +2.3%. These may seem like low figures, but the group trades at an LTM P/E of just 3.3x, and when including net debt in the equation, a P/E of 7.6x. Analyst estimates have them pegged to grow their cash flow substantially faster than their earnings over the coming 3 years and grow EBITDA at a rate of ~12% p.a. This could result in deleveraging into reasonably high interest rates, leading to an increased pace of growth below the EBITDA line due to declining interest expenses. Anexo is an interesting business model, but seems to be playing around with it’s status as a going concern, which gives context into it’s optically cheap valuation. There is a fair amount of solvency risk in play here, but should they effectively improve working capital and deleverage, the investment case seems to be quite strong." |
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