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 Shares Traded Last Trade
  2.50 2.04% 125.00 34,431 15:09:08
Bid Price Offer Price High Price Low Price Open Price
123.00 127.00 125.50 122.50 122.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 118.24 23.75 16.50 7.6 147
Last Trade Time Trade Type Trade Size Trade Price Currency
15:37:47 O 800 120.00 GBX

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2022-07-01 14:37:47120.00800960.00O
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Anexo Daily Update: Anexo Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker ANX. The last closing price for Anexo was 122.50p.
Anexo Group Plc has a 4 week average price of 122.50p and a 12 week average price of 118.50p.
The 1 year high share price is 157.50p while the 1 year low share price is currently 118.50p.
There are currently 117,990,294 shares in issue and the average daily traded volume is 21,863 shares. The market capitalisation of Anexo Group Plc is £147,487,867.50.
rivaldo: WH Ireland issued an update note yesterday commenting on how the upcoming Housing Disrepair Bill is a "major opportunity" for ANX. They have a 263p target price, and forecast 19.3p EPS this year - a P/E of just 6.6: Extracts: "Housing Disrepair – White Paper highlights major opportunity for ANX We view last week’s White Paper as underlining again the significant opportunity for ANX’s Housing Disrepair business, which started operations last year and has already enjoyed notable success, as reflected in last Thursday’s AGM update. The White Paper is a harbinger of the much-touted Housing Reform Bill, announced in the May 2022 Queen’s Speech, having been delayed by the pandemic. Given its well-established pedigree in litigating on behalf of the impecunious, ANX is extremely well positioned to support tenants in recovering their rights when faced with disrepair issues such as damp, electrical hazards, roof leaks, and unstable structures. While accepting that the course of legislation is always uncertain as an act progresses through Parliament, we view this bill as starkly highlighting the problems facing hundreds of thousands of tenants – problems for which ANX can already provide redress as tenants become more aware of their rights." "More than this, we believe the Bill will serve a fundamental purpose in alerting tenants to their existing as well as proposed new rights, and on both of these scores, this is supportive of ANX’s model, since it is likely to bring more claimants to them, given the base ANX has already established in the claims litigation market." "Strong FY21 results and FY22E off to a good start Strong results on May 11th saw FY21A sales up 36% YoY, at £118.2m, and adj. operating profit of £27.7m, 48.1% ahead YoY. The company also saw its best ever level of vehicles on the road in Q4 2021 – and last week’s update shows that FY2022E got off to a good start with numbers strong in the first four months. With good momentum on both sides of the business in the current year, we are encouraged by recent progress. With a 263p target price, we believe the shares have a lot further to run and see current levels as a buying opportunity. We also note the recent VW / Therium settlement – LFL, we believe this implies a potential cash injection of as much as £20-25m for ANX, with further significant potential in Mercedes and other emissions scandal opportunities."
rivaldo: An encouraging AGM statement today. ANX are trading nicely in line with expectations, i.e 18.8p EPS (with a 1.6p dividend). That puts ANX on a current year P/E of just 6.7, with EPS forecast to rise to 20.8p EPS next year - and that omits any payout from the VW and Mercedes cases. All divisions are trading well. I note that the new Housing Disrepair division has more thn doubled the number of its cases in just the last four months since the last year end to 3,300: Https://
rivaldo: Cheers carcosa, NDB sounding very bullish there. I note ANX are also presenting via webinar for Shares Magazine on June 15th - free registration here: Https://
rivaldo: DBAY own 28.51% of ANX, and were recently happy to offer 150p per share - and ANX's prospects have only improved significantly since then. A cautious and highly successful investor like DBAY would not be so heavily involved here if they didn't have complete trust in management. I've seen ANX present. They're pragmatic and realistic - certainly far removed from the likes of Quindell. You just have to look at their RNSs to see the differences in style. The business and cash flow model, including the high receivables, will not suit all. But for the rest of us ANX is worth a place in one's portfolio imo.
rivaldo: Results are out and look excellent, being in line with previously upgraded forecasts. The 16.8p EPS is bang in line with Progressive's forecasts, as is the £23.8m reported PBT. The 1.5p divi is slightly less than the 1.7p forecast, which I assume is due to the increased debt in turn resulting from the big investment in the various new and old divisions which took advantage of competitors' problems during Covid. The outlook is confident, supported by the KPI's re cars on the road, number of fee earners etc, and targeting improved working capital with efficiencies in numbers of vehicles. The VW Dieselgate case may well conclude this year bringing in a big lump sum, and it's good to see ANX initiating a similar case against Mercedes-Benz. The forecast for this year is for 19.2p EPS, which makes ANX look absurdly good value. EDIT - snap rimau1, agreed!
rivaldo: Very happy with today's year end trading statement, with trading nicely in line with previously upgraded expectations. Which means historic 16.8p EPS (up from 11.4p EPS in 2020). For the current year, Arden forecast 19.3p EPS, so ANX are now on a P/E of just 7.1. Importantly, cash collections and settlements have improved - and new increased loan facilities and litigation funding has been obtained, showing management's ambition and the confidence of the banks in ANX. All divisions are trading well and have good growth potential, as outlined above. Plus there's the kicker of the large VW case settlement receipt coming into view hopefully this year. All looking good imho: Https://
rivaldo: Cheers carcosa, a good watch. Fingers crossed for a VW settlement this summer which would bring in a very material sum indeed. On top of which ANX could go after all the other motor manufacturers named in the video. Meanwhile there should be a run-up in the share price prior to the results on 11th May given the "significantly ahead" update on 18th January.
rivaldo: ANX were recently tipped in the IC as follows FYI: "Anexo (ANX) Aim: Share price: 149p Market value: £174mn Website: Liverpool-based Anexo (ANX) is a provider of a complete litigation claims process focused on the recovery of credit hire and repair costs for the impecunious non-fault motorist involved in a road traffic accident. By offering both credit hire and legal services, Anexo has a competitive advantage over pure credit hire companies (who lack the in-house capacity to litigate a customer’s claim), and solicitors (who lack a vehicle fleet to offer to motorists). The business has recovered strongly after taking a hit in 2020 when normal working practices for lawyers and law courts were impacted by the Covid-19 pandemic, and the spike in home working subdued road usage. Inevitably, this had effect on the ability of Anexo’s staff to agree settlements with counterparties which subdued cash collection rates. However, the company is now motoring. A pre-close trading update revealed that both divisions are trading well ahead of previous expectations, buoyed by a sustained recovery in Anexo’s core credit hire division (driven by growth in motorcycle courier market and the withdrawal of rivals from the market), and the reopening of courts, which has enabled faster settlement of claims. In fact, analysts at Panmure Gordon pushed through low double-digit EPS upgrades of 16.7p, 19.9p and 20.6p for the 2021 to 2023 financial years. Furthermore, those earnings upgrades exclude any contribution from Anexo’s investment in a claim on behalf of 15,000 claimants against German carmaker Volkswagen (VW) in relation to the emissions scandal. It could generate £16mn of operating profit for Anexo, and perhaps sooner than many realise. That's because The High Court in London ruled that VW's attempt to strike out the deceit element of the claims against it to be without merit. VW has already agreed a settlement with those affected by its actions in many other jurisdictions. It’s worth pointing out that Anexo is “investigating the pursuit of similar claims against other manufacturers which have potential to be of significant value to claimants and to the company". Admittedly, Anexo’s share price has only made modest progress since I highlighted the investment potential despite the hefty earnings upgrades. However, on a 2022 forward PE ratio of 7.4 and underpinned by a near 2 per cent dividend yield, the earnings upgrade cycle is being woefully underrated. Buy."
tole: Questor: this stock should prosper from reopening but hold up against any new variantQuestor share tip: Anexo helps drivers involved in accidents so more traffic boosts business, but a low valuation also offers protectionByRuss Mould25 January 2022 • 5:00amAre you bull bullish or bear bearish?Play Fantasy Fund Manager. Win £1,000 every week.Start free trialThis column continues to cast around for companies that could benefit from an end to lockdowns and restrictions and what just might be a return to a degree of normality – all while seeking some protection from falls should a new variant emerge to confound everyone's best-laid plans. Legal services and credit hire for motorists might not seem like an obvious choice but that is one reason why Anexo has the potential to deliver some positive surprises, while its undemanding valuation offers some protection.First researched some 16 months ago, Anexo helps drivers who are involved in car accidents that were not their fault by handling legal claims and replacement vehicles, which are charged to the at-fault drivers' insurers.Business levels dipped in 2020 as lockdowns meant there were fewer drivers on the road, fewer accidents and thus less need for the company's assistance. But a trading update last week said revenues were better than expected and profits would come in "materially higher" than analysts' forecasts for 2021.Moreover, the three positive trends that are driving that improvement should continue in 2022. The number of cars back on the road should continue to recover this year and that is likely to mean more claims from fault-free drivers. Meanwhile a surge in second-hand car prices means claim values are rising and a gradual reopening of the courts is allowing more cases to be heard and settled. Improved case resolution should in turn help cash flow, which has been crimped by higher trade receivables (hence the weak cash conversion).December's announcement of a new service for people who live in substandard housing adds another string to Anexo's bow, while the firm continues to represent some 15,000 claims from Volkswagen drivers in a class action suit over the "dieselgate" emissions scandal. A verdict in favour of the claimants would further boost Anexo's earnings, although analysts are sensibly not including this in their forecasts.Anexo key factsMarket value: £166mTurnover (Dec 2021 estimate): £102mPre-tax profits (Dec 2021 est): £21.9m lossYield (Dec 2021 est): 1pcMost recent year's dividend: 1.5pNet debt (June 2021): £44.4mReturn on capital (Dec 2020): 16.3pcCash conversion ratio (Dec 2020): 9pcp/e ratio (Dec 2021 est): 9.6Even without any success in the VW case, Anexo's shares hardly look expensive on less than 10 times earnings for 2021, a multiple that consensus profit forecasts of a one-fifth increase in earnings per share suggest could fall to barely eight in 2022. Such a tempting price tag may explain why asset manager DBay Advisors, a shareholder with a 29pc stake, tried to buy the whole firm at 150p a share last summer, albeit without success.DBay's holding, coupled with the 38pc stake held by three senior executives, may make the shares less liquid than some and the spread between brokers' buying and selling prices (2pc at the time of writing) could be wider than investors are used to, especially for larger stocks.However, we already have a double-digit percentage paper gain on Anexo and there could be more to come. Hold.Questor says: holdTicker: ANXShare price at close: 143.5p
rivaldo: ANX have also been tipped overnight by Simon Thompson in the IC - though it's another article I can't read! Here's the opening bit which is free to read: Https:// "Our small-cap stockpicking expert highlights four investment opportunities including two bid targets January 24, 2022 By Simon Thompson One of the strongest drivers of share prices is positive earnings momentum. Liverpool-based Anexo (ANX:146p), 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, fits the bill. Analysts not only upgraded full-year earnings estimates ahead of the half-year results last September, but a bullish pre-close update has prompted low double-digit earnings per share (EPS) upgrades to 16.7p, 19.9p and 20.6p for the 2021 to 2023 financial years, too. A sustained recovery in Anexo’s core credit hire division (driven by strong growth in motorcycle courier market and withdrawal of rivals due to Covid), and the reopening of courts (which has enabled faster settlement of claims) means both units are trading well ahead of previous runs rates. The group is also actively engaged with 15,000 claimants who are pursuing claims against German carmaker VW in relation to the emissions scandal. Panmure Gordon estimate these claims could generate £16m of operating profit for Anexo, a sum that’s not embedded in forecasts for the £172m market capitalisation company. etc"
Anexo share price data is direct from the London Stock Exchange
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