Anexo Share Discussion Threads

[p1nkfish] 28/4/2021 15:16

Who is selling down?
Anyone care to suggest who it is?

[dros1] 28/4/2021 14:39

just picked up 7600 for 1.314 showing as sell- no brainer market will wake up soon

[p1nkfish] 28/4/2021 14:30

2 words - BIG OVERHANG.

[p1nkfish] 28/4/2021 08:59

1 word - OVERHANG.

[p1nkfish] 28/4/2021 06:36

DBAY didn't take 29% for 10p upside to the 150p they paid.

[gersemi] 27/4/2021 21:40

ST from IC

Liverpool-based Anexo (ANX:135p), a provider of a litigation claims processing focused on the recovery of credit hire and repair costs for impecunious non-fault motorists involved in road traffic accidents, is primed to deliver a 30 per cent profit recovery this year.

As expected 2020 pre-tax profits dipped from £23m to £16.1m, in line with forecasts when I included the shares in my 2021 Bargain Shares Portfolio. Finance director Mark Bringloe points out that court claims were running at 60 per cent of their normal level last year which impacted the ability of Anexo’s staff to agree settlements with counterparties. Anexo pays costs for garages, vehicle leases and insurance upfront and only recoups its outlay on settlement. A backlog of 20,000 claims augurs well for both profits and cash collection rates as lockdown restrictions ease.

In legal services, Anexo has been boosting its team of fee earners to take advantage of a robust trading outlook and the withdrawal from the market of weaker rivals. Two-thirds of claims are on behalf of motorcyclists, a market segment that has remained strong as home deliveries boom, a trend that is unlikely to change anytime soon.

Anexo offers hidden balance sheet value, too, having attracted 15,000 UK claimants to pursue claims against German car maker VW in relation to the emissions scandal. VW has been settling legal actions in multiple jurisdictions, and new claimants will be time barred after September 2021. It’s realistic to expect news flow in the final quarter. Panmure Gordon estimate Anexo’s claimants could generate £16m of operating profit for the company. This is not in forecasts.

Trading in line with conservative book value, offering 1.4 per cent prospective dividend yield and on a 2021 price/earnings (PE) ratio of 9, the shares offer material upside to my 200p target price. Buy.

[gusrezo] 27/4/2021 14:25

someone takes a look at the financials?
It seems they have raised the percentage that is recoverable from the hires from 46% to 52%, this trick boosts the revenue artificially -although the percentage is within the 56% I think they have recovered historically.
Also the productivity of the lawyers -number of closed cases per fee earner- keep on decreasing, maybe it's due to the situation in the courts and the ramp-up of the newcomers to the company.
The backlog of pending cases keep on growing, it seems as if they need an army of lawyers to clean the backlog. On the positive side, it seems the cash recovered by case grows, the statement says they are focusing on most profitable cases.

About the housing disrepair claims they have entered, is just about lawyer fees, or is there any other source of revenue?

[boozey] 27/4/2021 09:46

That is probably how I would some it up b1nky. Laying the foundations to scale.

[b1nky] 27/4/2021 07:06

Steady as she goes!!!!

[boozey] 27/4/2021 05:39

Results in 20 minutes. Fingers crossed...

[p1nkfish] 19/4/2021 13:02

Chart has lost its mojo but that could come back quite quickly and the 150p paid by DBAY has ony been approached as an interday high around 8th Nov 2020. Prior to that it collapsed through 150p during March 2020 having been a decent amount clear above 150p.

3x DBAY directors due to sit on the board, DBAY CIO already onboard as NED.
Looks like a take-over could easily occur and 150p minimum price and probably a few bob higher if it happens and no Director sales from the 3 main dIrs for 18 months.

[p1nkfish] 19/4/2021 12:52

Main Director holders are locked in for 18 months now so they are not selling.
DBAY paid over odds for close to 30%.
Results and roadshow due corresponding with some volume transfers.
Interesting.

[cravencottage] 19/4/2021 12:24

Institutions taking positions ahead of news relating to diesel claims filtering through for Anexo?

We'll find out sooner rather than later given numbers are due at end of this month.

[cravencottage] 19/4/2021 12:22

hxxps://www.thetimes.co.uk/article/motorists-join-fight-sue-mis-selling-diesel-cars-v0smv79pm

[p1nkfish] 19/4/2021 11:40

Some interesting transfers occurring. Anyone have any ideas?

[p1nkfish] 08/4/2021 15:40

Have taken a position here as others have sold, DBAY taking stock at 150p off Directors and webinars post results for one reason only - to drum up support.

GLA, dyor etc.

[yellowstoneadvisory] 29/3/2021 08:40

Yellowstone Advisory are hosting a webinar for Anexo Group at 12pm on 6th May. Alan Sellers, Executive Chairman, Mark Bringloe, CFO and Nick Dashwood-Brown, Head of Investor Relations, will provide an introduction to Anexo Group Plc and an update on company performance following the 2020 full-year results which are released on 27 April.

Register: hxxps://us02web.zoom.us/webinar/register/7616167470281/WN_NOV3Z2gKR7eyTA96UjynsQ

[sharesoc] 21/3/2021 20:35

In case you missed our webinar with Anexo the recording and stockopedia report can be found here:
To access the recording, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the recording (and recordings/reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/

[raymund] 03/3/2021 12:33

Can anyone give a short synopsis of yesterday's Webinar please? Today's news looks positive with D-Bay paying 150p to up their holding to max 30%.

[sharesoc] 24/2/2021 11:33

Anexo are presenting at our company webinar on the 2nd March which may be of interest to current shareholders and potential investors. Nick Dashwood Brown – Head of Investor Relations gives an update:

[thetrotsky] 17/2/2021 11:39

We're head banging again!

[thetrotsky] 05/2/2021 08:59

This is definitely a stock for head bangers; the share price never seems to build any upwards momentum these days because an MM will just sit on the offer regardless of how many buys there are. For example, this morning there have been circa 50k buys at or around 144p and yet JBER (Berenberg) hasn't moved their offer of 2,500 @ 144p one iota since they set it at 07:57 this morning. It's rigged

[tole] 05/2/2021 08:09

One of STs 2021 bargain shares tips doing the business this morning.

[spob] 04/2/2021 22:48

was going to buy some tomorrow morning

however i know, not to touch with a bargepole, anything where shareprophets is waving red flags

so will give it a miss


plenty fish in the sea and all that

[energeticbacker] 25/1/2021 16:12

Featured in today's Investor's Champion update – Anexo announced that revenue growth for the year ending December 2020 had exceeded expectations with adjusted profit before tax in line with current market expectations -c £16m.