Anexo Share Discussion Threads

[dibbs] 10/5/2019 23:41

Nice to see they are interested in retail investors with their presence at the forthcoming Mello event. Can't do any harm and may encourage some buying if people like what they hear.

Dibbs

[aishah] 10/5/2019 08:50

SCSW keeps a buy rating. Expects a very strong H2 19.

[aishah] 30/4/2019 12:39

Hopefully SCSW this coming weekend will have a write-up of the results which may bring more attention here imo.

[mrnumpty] 23/4/2019 11:15

Large buys this morning . My information is from the Hargreaves Lansdown site , whose allocation of " buy " or " sell " to trades has to be traded with caution , as they merely rate trades above the mid-price as " buys " and below mid-price as " sells " . Nonetheless , the three following trades were all above mid-price so probably really are all " buys " : 9.50 am , 150,000 shares @ £ 1.60 ; 9.50 am , 75,000 shares @ £ 1.60 ; 9.51 am , 300,000 shares @ £ 1.60.32 . For once , mrnumpty was right when , a few days before results were announced , I pointed out the amplifying effect on the share price which would be caused ( both up or down ) by having such a small free float ( less than 12% of shares available on the open market ) , and I also significantly increased ( 67 % increase ) my holding on 5th April . Good luck all .

[74tom] 17/4/2019 12:00

Must have been tipped somewhere to get that level of sustained interest at 8am... the free float is less than 10m shares and with a broker target of 230p we still have plenty of obvious upside...

[aishah] 17/4/2019 07:48

Flurry of buys this am. Tipped?

[greenknight1] 11/4/2019 10:14

I must say it is looking good

[aishah] 11/4/2019 10:00

Very good finals - added an initial tranche post results. Arden expect adjusted pre-tax profits of £18.1m and EPS of 13.6p, rising to £20.1m and 15.1p in 2020. The masses have yet to arrive here imo.

[dibbs] 10/4/2019 19:45

Two big 700k trades today at just after 15.00. Possibly sales that kept a lid on the price yesterday? Slight tick up at the same time. Could be that we see a bit of a rise from here with any further buying.

Dibbs

[dibbs] 09/4/2019 21:07

Results well received by the market with what looks like the highest daily volume since listing. Also closed at a all time high. Very quiet here still, no coverage from todays SCVR on Stockopedia. It will be interesting to see if ANX gains a bit more PI interest in the following weeks with potential coverage in the IC or Shares Mag.

I'm certainly content with my purchase and happy to see where things go from here.

Dibbs

[someuwin] 09/4/2019 06:17

Commenting on the Final Results, Alan Sellers, Executive Chairman of Anexo Group plc, said:

"We are delighted to report such a strong set of maiden final results which, as announced earlier in January 2019, are ahead of market expectations. Anexo has successfully demonstrated that the cash raised at IPO has enabled the strategic investment outlined upon Admission, expanding the Credit Hire fleet and growing Anexo's high quality legal team in order to increase the number of processed claims whilst increasing cash generation from cases settled.

"The investment is clearly supporting near-term profitable growth across the business with the strong financial performance, coupled with the ever-increasing UK credit hire and legal claims market, giving the Board confidence in our ability to scale and generate near term returns for our shareholders as demonstrated by the maiden proposed final dividend in line with the Board's stated intention at Admission.

Anexo remains extremely well positioned to grow its market share and take advantage of the opportunities available to it. The Board views the current financial year with considerable optimism."

[74tom] 08/4/2019 20:42

They’ve already reported being ahead of expectations for 2018 and at £16m PBT are still firmly undervalued compared to their competition. The fact that the share price hadn’t moved until today made it quite an easy buy. Hoping for an ahead of expectations trading update tomorrow, then we might see a tasty days action

[greenknight1] 08/4/2019 19:29

I think the volume is quite telling today also

[mrnumpty] 08/4/2019 15:49

Well , a 9% price increase in the latter part of the final day before announcement of results is a positive signal . So often , on the eve of results day , one sees a drop in a share price . Good luck all - too late to change anything now .

[greenknight1] 08/4/2019 15:42

Thought I'd take a small position here

[someuwin] 08/4/2019 13:50

Arden litigation stocks research note 28 March 2019

Anexo – Top pick – Target price upgrade

We note that, as well as initiating coverage of Burford, LCM and Manolete, we are upgrading our Anexo target price from 175p to 230p. The work performed during this analysis has strengthened our view that the Group is undervalued and remains misunderstood by the market. We believe the evolving high cash generative profile will demonstrate the returns on offer over the next 12-18 months.

Next news

Anexo FY18 (Dec) results 9 April 2019

[someuwin] 08/4/2019 13:03

Bought a few ahead of results this week

[dibbs] 07/4/2019 22:36

mrnumpty, As you say Tuesday will see results and a trading update which could put ANX in the spotlight. Also the free float is very low which could see a sharp move in the share price if there is some sudden buying interest. Of course too small a free float can sometimes work against a company as some investors are put off or unable to deal due to lack of liquidity. The volume last week has certainly picked up and it appeared the share price has firmed despite no real upward move. I think their has been a bit of stock available as buys were executed well below the offer.

I too saw the research 74tom which showed ANX in a good light....hopefully Arden's assessment is sound!

Famous last words but hopefully we will all be pleased to have made our purchases come 7AM on Tuesday.

Cheers

Dibbs

[mrnumpty] 05/4/2019 07:14

A quick glance at the share graph since flotation last summer shows that the price rose nicely until the beginning of October , which was precisely the moment when the US Federal Reserve caused the " correction " in global stock markets by announcing that it intended to pursue a policy of increasing interest rates , just at the same time it was reducing Quantitive Easing . Having fallen badly from that time , the share price of Anexo has only partially recovered , as if it has been largely forgotten by investors .Next Tuesday will reveal all !

[mrnumpty] 05/4/2019 07:08

I've put ( more of ) my money where my mouth is : the purchase of 4000 shares this morning at 8.00 am was a final top up by me . It's encouraging to see that the share price has been very slowly rising over the last couple of months , ahead of Tuesday's announcement . Also encouraging that this chat site has been silent for so long until the last few days . As 74tom points out , market cap of £ 132 m and profit before tax of £ 16 m equates to a p/e ratio of 8.25 , which is even lower if there is cash on the books . Apart from any changes in legislation regarding insurance claims ( always possible as politicians can be relied on to harm investments ) , Anexo's business should also be proof against Brexit .

[74tom] 03/4/2019 08:37

Hi all, I have added here this morning. There was an excellent research paper by Arden Parters on the litigation sector released on 29th March - it’s available on research tree for anyone interested.

They upgraded their target price from 175p to 230p based on the recent performance of ANX - profit before tax will be a minimum of £16m which is well in excess of the £14.8m that was forecast at IPO. I believe that this will be the first of many upgrades as the IPO cash helps to clear the backlog of 18000 cases, as they build up personnel in their new Bolton office.

As mentioned by mrmumpty the free float is around 12% - we have all seen the impact of this in Manolete and when even 20 PI’s spot this opportunity it could rise significantly.

PBT of £16m and a market cap of £132m seems like a big disconnect - look forward to this being confirmed in the final results on 9th April.

[mrnumpty] 02/4/2019 17:15

Dibbs , having checked the Company's website , and I'm sure you know all of this anyway , but final results are due on 9th April . Alan Sellers and Samantha Moss ( I believe that they are married , in spite of the different surnames , but I could be wrong ) each hold 35.16% of the shares . If you add in the other major shareholders on the Company's website , they hold in total 88.08 % of Anexo which , at the current market cap of £ 132 Million , means that the free float is only £ 15.73 million ( less , if there are other , sub-3% , thus undeclared holders ) . Given that this small free float will exaggerate share price movements , and given that the main partners , as barristers , are very smart people , I am tempted to add .

[mrnumpty] 02/4/2019 17:03

Dibbs . There is somebody else out there ! I thought I was the only private investor here ! As you write , " lots of investor interest at the moment " : whilst they operate in quite different areas of the law , the share price of Litigation Capital Management ( which I hold ) has been rising ( in the hope that it might become another Burford Capital ) , Keystone Law ( which I also hold ) has done well until the recent pullback , and Manolete Partners ( ( insolvency practitioners ) which , unfortunately , I don't hold ) rises like a rocket . Perhaps part of the problem with Anexo is that the two main partners have a major combined holding , leaving only a small free float . On the other hand , if the forthcoming announcement is good , then that small free float might contribute to a significant rise in the share price . However , do your own research !

[dibbs] 01/4/2019 20:57

Indeed, possible that a purchase here could be fruitful. Results and a trading statement due very soon. Lots of investor interest in this sector at the moment and a BB as dead as the proverbial Dodo....

Dibbs

[nw99] 08/10/2018 10:02

Long term trade