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Share Name Share Symbol Market Type Share ISIN Share Description
Anexo Group Plc LSE:ANX London Ordinary Share GB00BF2G3L29 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.39% 127.50 126.00 129.00 128.00 127.00 127.00 802,275 15:17:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 78.5 22.4 16.4 7.8 148

Anexo Group PLC Progressive publishes new research

29/06/2020 2:36pm

RNS Non-Regulatory


TIDMANX

Anexo Group PLC

29 June 2020

 
Solid foundations in place 
 Anexo, 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 GBP7.5 million fundraise which underpinned the Group's options 
 to accelerate growth without diminishing existing cash resources. 
 

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About Progressive:

Progressive is an equity research and investor engagement company. FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts. We provide Institutional grade research and connect companies with investors across every sector of the market.

www.progressive-research.com

 
         Broad coverage                      Analyst calibre 
       across 12 sectors 
 
 Business Services   Oil & Gas       15        with average       20 
                                   analysts                      years 
    Financials        Property                  experience 
                                                    of 
    Healthcare         Retail 
    Industrials      Technology      30+                       techMARK 
 Investment Trusts    Telecoms                industry based    Extel 
      Mining         Utilities                    awards       StarMine 
 

For further information please contact:

Emily Ritchie

+44 (0) 20 7781 5311

eritchie@progressive-research.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 29, 2020 09:36 ET (13:36 GMT)

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