Anexo Share Discussion Threads

[red ninja] 26/9/2020 10:35

"(Sharecast News 15/9/20) - The Daily Telegraph's Questor team told clients to 'buy' shares of Anexo, the credit and legal services firm for non-fault motorists, labelling them "a bargain [...] at least in the absence of a second wave."
Anexo, which was preparing a class-action lawsuit against VW for the emissions scandal, generated "good" cash in the first half of 2020, had guided towards much higher profits in the backhalf of the year, although a victory in the VW case was not assured.

As well, a second wave of the pandemic could hit car hire volumes."

We are now heading into a second wave maybe that is a factor.

[raymund] 25/9/2020 23:05

Why the drop today?

[jaf111] 15/9/2020 19:26

Rather subdued respose to Questor......Greedy me had expected a decent rise on the back of it!!!

[jaf111] 15/9/2020 08:10

Positive write up by Questor in Telegraph.....

[jaf111] 13/8/2020 08:27

Have to concur ronwilkes123....rather disappointed with the results....
Expect price now to drift down.

[ronwilkes123] 13/8/2020 07:50

They've stated im sure in the trading update previously that things were in line with management expectations. Surely a big swing of 40% on ops profit should have had a profit warning ????

[ronwilkes123] 13/8/2020 07:21

In fact they are trying to gloss over a poor operational performance with cash generation guff.

[ronwilkes123] 13/8/2020 07:05

First lookProfit and dividend down - don't think it will do well today

[tole] 11/8/2020 13:50

From their finals in June they state they had about 8000 VW cases but this number is expected to grow..VW Emissions CaseA specialist team within the Group's Legal Services division is acting on behalf of a number of individuals who have registered their intention to pursue a claim against Volkswagen AG ("VW") and its subsidiaries (the "VW Emissions case"). The Group is currently actively engaged on approximately 8,000 cases following a limited marketing campaign in late 2019 which was predominantly conducted through social media channels, the costs of which have been written off as incurred.The Board believes that, in the event of a settlement, the percentage of potential damages and associated costs accruing to the Group would have a significant positive impact on the Group's expectations for profits and cash flow for the relevant accounting period. Any revenue from a settlement would be unlikely to accrue until FY2021 at the earliest. There is no certainty that a settlement in favour of the Group's clients will be reached, nor is there any guarantee that such a settlement would include financial compensation. The Board believes that there is an opportunity to increase significantly the number of claims handled through investment in a further targeted marketing campaign, as well as additional staff to process these leads, which would lead to a significantly larger return in the event of a successful settlement. Further investment is planned in 2020 to enhance the number of clients for whom the Group is engaged.

[jaf111] 11/8/2020 09:40

Good question ronwilkes123 which I cannot answer!
But what I will say is that the share price, despite the recent rise, is only back to the level it was in April when the initial High Court Judgment was announced.
IMHO the upside is significant....

[ronwilkes123] 11/8/2020 09:02

How much could it add to the sp

[tole] 11/8/2020 09:01

@AnexoPLC's legal services division Bond Turner is delighted that The Court of Appeal has refused Volkswagen permission to appeal the decision that it tried to cheat clean air regulations. This decision is hugely significant to the legal action case. $ANXUpdate on their Twitter.

[jaf111] 11/8/2020 07:35

Surely excellent news....(background see 8 April RNS)....maybe partly explains move up yesterday...



Would expect company to comment further on this Thursday....

[jaf111] 10/8/2020 09:08

A lovely upward curve developing here....
Interims Thursday
Assuming all as expected see this as short term trading range 140 to 180p so should be plenty more to come

[ronwilkes123] 07/8/2020 11:24

Highest buyer so far today is me This is way too low

[jaf111] 07/8/2020 10:10

Looks like its turning up.....hopefully on some "shrewd" pre results buying?

[jaf111] 06/8/2020 09:17

Surprised by recent drift down in price....now below 125p placing in May.
Interims due later this month which may provide a catalyst for a change.

[tole] 29/6/2020 17:04

Solid foundations in placeAnexo, the specialist integrated credit-hire and legal services business, has reported a record performance for FY 19 with numbers in line with previous guidance. The year saw good cash generation following the decision to focus on the Legal Services business while holding back growth of the Credit Hire business. A 0.5p final dividend strikes a balance between cash conservation and confidence in the outlook for the Group in uncertain times. Given the impact of COVID-19 on the wider operating environment, we think that the key focus should be on the Group's current positioning and its preparedness to operate in the evolving business environment. Although there is no update on guidance for estimates, we believe that the business is well-placed – particularly since the recent £7.5 million fundraise which underpinned the Group's options to accelerate growth without diminishing existing cash resources.https://bdadvanced.ipreo.com/OpenFileLink.aspx?ID1=a6ffef3a-24e5-4034-970b-a72fd8d75b84&ID2=633121252

[tole] 01/6/2020 17:58

Placing to support growth opportunitiesAnexo has placed 6 million new shares at a price of 125p to raise approximately £7.5 million before expenses. In addition, three senior members of the management team have sold 2.8 million shares at the same price. The placing and the team's sales represent 5.5% and 2.55% respectively of the Group's existing capital. The net proceeds from the primary placing will be used to expand the advocacy and specialist litigation team, headed by Executive Chairman, Alan Sellers, with specific emphasis on funding the acquisition and processing of VW emissions cases. It will also continue recruitment in the legal services business and increase the fleet size. The placing will also support small opportunistic acquisitions. A brief trading update reveals that, although new case numbers were impacted by fewer cars on the road in the early stages of lockdown (and have subsequently recovered steadily), this was mitigated by longer hire periods. Anexo continued to be cash generative in the first four months of 2020 and retains a positive outlook.https://bdadvanced.ipreo.com/OpenFileLink.aspx?ID1=301c12fb-dce9-4f22-9fe1-323ef1e8da3c&ID2=627848116

[74tom] 29/5/2020 07:26

Placing at £1.25, dilution of only 5.5% so not a big issue, and worth the investment if they can double the number of VW claimants on the books...