Anexo Share Discussion Threads

[p1nkfish] 05/7/2021 18:00

64% on the side of DBAY now fully announced.

[rogthepodge] 23/6/2021 17:27

maybe an opportunity for Redde to bid higher if it's a retirement sale? Makes Redde look attractive.

[p1nkfish] 23/6/2021 12:04

See who DBAY picked their stock up from.

[p1nkfish] 23/6/2021 11:59

Is there a conflict of interest with the 2 big insiders plus DBAY appearing to work in concert for the take-over? How does this work?

64% between them.

DBAY at 29%
Alan Sellers at 17% - Exec Chairman
Samantha Moss at 18% - MD of Bond Turner

[p1nkfish] 23/6/2021 09:23

Someone happy to get out at 143.5p rather than wait.
A bit low imho.

[p1nkfish] 23/6/2021 09:23

Does anyone trust this not to be an attempt to just get the price up and DBAY not make an offer at 150p? There appears no commitment in the RNS?? A bit wishy-washy.

[p1nkfish] 23/6/2021 09:10

CAGR = compound annual growth rate.

If you picked these up at 137p yesterday (guess) and it closes at 150p one month later the CAGR calc is approx:

(150-137) = upside in price in 1 month, 13p/137p = 9.4% approx.
12 months in the year.
CAGR = 12 x 9.4% = 112% approx.

There is also the 1p dividend to add by end of July.

[northstar88] 23/6/2021 08:35

Exactly P1nkfish. Looks a done deal from day 1 and this was my fear when Dbay entered the fray and bought circa 30%. I think Alan wants to retire and is taking the opportunity at the expense of delivering what is best for shareholders. The share price was much higher than this 2 years ago and it was still cheap then. 150p is very poor.

[p1nkfish] 23/6/2021 08:29

Anyone buying recently will see a very decent CAGR if this closes end of July.
Very decent.

[p1nkfish] 23/6/2021 08:27

Looking how DBAY acquired it 30% or so and from whom it looks like a game plan from day 1?

[p1nkfish] 23/6/2021 08:08

Unlikely I think. No one has shown any interest at all. Its a done deal imho with the insiders in on DBAY's possible offer. At least if you on on register at close 25th June there is also the 1p dividend that remains intact and doesn't come off the offer price.

"The Board is pleased to propose a final dividend of 1.0 pence per share which, if approved at the Annual General Meeting to be held on 16 June 2021, will be paid on 20 July 2021 to those shareholders on the register at the close of business on 25 June 2021. The shares will become ex-dividend on 24 June 2021. An interim dividend of 0.5 pence per share was paid on 23 September 2020 and that combined with the final dividend takes the total dividend for the year to 1.5 pence per share (2019: 1.5 pence per share)."

[boozey] 23/6/2021 08:08

A very poor premium to say the last but nothing us mere mortal private investors can do about that. As b1nky states let's see how this plays out.

[b1nky] 23/6/2021 07:47

It seems to me that they are trying to nick these on the cheap.Let's hope something or someone forces them to up their bid and pay a fairer price.

[p1nkfish] 23/6/2021 07:44

Not just DBAY see value here at 150p.
It looks one way for them at 150p, up in value imho.
Few are interested.

"........the status of Alan Sellers, Executive Chairman, and Samantha Moss, Managing Director, Bond Turner, as joint offerors to DBAY's possible offer is under consideration."

[p1nkfish] 23/6/2021 07:12

Possible offer at 150p. Happened sooner than I expected. May go through above?

[tole] 20/6/2021 16:33

https://masterinvestor.co.uk/latest/small-cap-round-up-featuring-amino-tech-anexo-avingtrans-and-more/Anexo Group (LON:ANX) – claims to be betterThe pre-AGM statement from this specialist integrated credit hire and legal services provider detailed that overall trading is in line with management expectations. That is despite travel restrictions and a massive build-up of cases awaiting court.Arden Partners analyst Andrew Simms rates the shares as a 'buy' with a price objective of 280p. For the current year to end-December he is looking for sales to rise from £86.8m to £94.1m, with adjusted pre-tax profits rising from £16.1m to £20.6m, worth 14.2p in earnings.For 2022 his estimates are £104.3m sales and £24.7m profits, with 17p of earnings.The shares at 140p are expected to pick up as lockdowns end.My price objective remains the same.(Profile 23.04.20 @ 134p set a Target Price of 175p)

[p1nkfish] 09/6/2021 15:48

DBAY paid 150p for 30%.
Hope they are sensible enough to want to see this > 150p but they might not be that sharp.

[sphere25] 09/6/2021 14:08

Shifting higher on selling this - nearly all the trades today are sells. Someone has clearly put a big buy order in the market after some major mopping up was done at that 130p mark.

And for those reasons, I'll push my luck and see if the market cottons on and bids the price into the 140's for a possible sell there.

If the buy order involves a rather large handled and oversized mop, the price should keep pushing higher. However, in the event that the buy order does get exhausted (these things are naturally fluid), the price should just fall back into the existing range and can be sold.

All imo
DYOR

[p1nkfish] 09/6/2021 08:07

TU reads like recovery occurring. On the path management expected and should build on this.

"Within the Group's Legal Services division, Bond Turner, cash collections for the first four months of FY-2021 are in line with management forecasts and are 11.8% ahead of those seen in the corresponding period in FY-2020. This is particularly pleasing since the court system has yet to return to full operational capacity."

[p1nkfish] 08/6/2021 19:39

Late reported large trades. They occurred just after midday.
After that time the price rose (before reporting in the public domain) suggesting an overhang was cleared. Someone is out, someone else in, recent lid on price lifted, time to move on.

[p1nkfish] 08/6/2021 18:23

About time. Good to see some life. GLA, DYOR.

[boozey] 08/6/2021 17:07

If PE can buy a large tranche at 150p anything around 130p is a bargain. Buy in and be patient. Given the structure of the shareholder register this is one for the patient with good risk reward ratio.