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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Invocas | INVO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.00 | 10.00 |
| Top Posts |
|---|
Posted at 09/6/2010 19:29 by baner INVO was floted in 2006 raising ca 9m for a Newco that bought the "old operational company". the vendors were given 70% of Newco(=INVO) plus ca £6.5m in cash, the remaining £2.5m was for new investments etc. the shares were issued at 111p !4 years later the same vendors take the company off the market and no doubt will be able to buy the 30% back at say 30p = £2.5m. so after 4 years as a public company they will again own 100% of the Business while having pocketed a net of £4m in cash - plus HUGE salaries and payoffs meanwhile. it is extremely bad of Blackrock not to take action against the INVO board and their advisors in a situation like this! they have been totally screwed and the only thing they do is to vote with their feet. and for this they charge their investors fat management fees...... it is time for the LSE/AIM to intorduce rules that forbid this type of "robbing the public" as no doubt it will hurt the serious companies that are really respecting the best interest of all shareholders. shame on the INVO directors and majority owners, shame on Charles Stanley their advisor and shame on Blackrock who just let this happen. or maybe they like being screwed? as for Gillenhammer: sure he has spotted some excellent value here - but how avoid this being nicked by the directors? |
Posted at 07/6/2010 13:45 by gogoneko Very pleasant news to see PG buying up stock (I'd thought it was the directors doing a last-minute share grab on the cheap to get their 75%). I wouldn't be surprised if the INVO directors are suddenly feeling a bit hot under the collar with his arrival on the shareholder register as they may not get the easy ride they'd hoped for ..... interesting ....... but might have guessed it'd be Blackrock dumping though....! gogoneko - 20 May'10 - 08:22 - 159 of 180 edit Very disappointed at the lack of improvement in the share price despite what looks to be a large number of purchases being made over the past week. Based on having witnessed bad investment decisions by them elsewhere my bet is that this is due to Blackrock disposing of its holdings. |
Posted at 06/6/2010 09:34 by gogoneko 'More pain' and job cuts for Scottish economy.... and what are the idiot directors at INVO suggesting to capitalise on the situation? A delisting?!? Incompetence is too kind a word. As a word of warning: Reflec (REF), who were delisted last year, have just been asked by some majority shareholders (who were no doubt privately invited to participate in a recent placing to gain them their majority status) to have a 1:1000 consolidation in an effort to try to push out (or force to try to invest further) the smaller shareholders as a cost-cutting exercise in the event of an eventual dividend distribution (to compensate for pay cuts which they've been forced to take). So in a year's time perhaps expect a 1:10,000 consolidation here as the greedy INVO directors try to keep the profits for themselves!! |
Posted at 20/5/2010 15:35 by gogoneko Liarspoker,I very much doubt in these times that the government will issue legislation which risks the destruction of the private sector insolvency providers because there is insufficient (and potentially dwindling) capacity elsewhere to meet increasing demand and things will quickly end up in a worse situation. Whereas previously the sector operators could be rightly accused of profiteering from charging ridiculous fees, from what I see what has happened since the IVA protocol appeared is that the a combination of new fee structures and competition for business have made it hard to make a profit and hence there are already casualties and a lot of slow-adopter (e.g. INVO) businesses struggling to turn themselves around. Furthermore, from what's printed, there also appears increasing acceptance and uptake by the creditors of the insolvency services provided in an effort to limit their losses. All IMO opinion of course, I've just been watching the sector for a year or so now. |
Posted at 20/5/2010 15:12 by liarspoker Yes but a 50/50 gamble remains. If legislation gets passed INVO is screwed basically. |
Posted at 13/5/2010 11:25 by gogoneko Hmm! I was hoping to give the directors a kick to issue an RNS due to a falling share price, but I don't mind if it starts climbing again! :)I think that I'd label it at best "reasonably priced", but I do think that there is recovery potential here if the directors have performed well. This should be determinable within the next six weeks if the directors stick to their historical June prelims schedule. If they're still failing to get to grips though then it could be painful. The recent gov't insolvency stats ( ) show a mixed picture for INVO business though, e.g. increasing individual UK bankruptcy numbers, increasing corporate insolvency in Scotland but falling individual insolvencies, so it'll be interesting to see how the company has managed. What the company may find though is that if the hammer is to fall on public sector workers then my understanding is the northern UK regions' workers are most vulnerable. |
Posted at 01/5/2009 12:40 by fordian ....The management here have flunked the tests. Sector peers are heading north whilst INVO languishes and basically issues a profit warning. Surely a buy out target now? |
Posted at 20/2/2009 12:22 by fordian I believe that INVO is finally about to take off...the economic conditions and share price are just right for a gradual rise in the price. The sector is definitely on the up, take a look at CLEA and RLX. |
Posted at 25/6/2008 10:16 by romi2nikki1 Should be more stability in share price going forward, but debt solutions is a rapidly changing market, and still with a lot of players. Invo does seem ( or should have), a good relationship with creditors.Still not happy about reasons given for departure of Hall. Do not understand why Lightly would have the skills that Hall lacked. |
Posted at 10/10/2007 10:43 by gac100 Dissection of, and thoughts about, the RNS - no claim I've interpreted things correctly (DYOR etc).INVO continues to be "largely immune" from the problems in the IVA sector. Fees have not been challenged "to the same extent" as IVA fees. This suggests to me that there has been SOME knock-on effect. That seems to be borne out by the fact that "The numbers of Trust Deed leads passed to us in the first half are ... behind those achieved for the same period last year." How far behind we don't know. In fact on the bare face of the RNS there are other unknowns, principally: (1) Is the reduced number of leads a result of the IVA knock-on effect, and being suffered by all PTD companies? and, (2) Is INVO loosing market share to its rivals? Or is it gaining market share, with its rivals suffering an even greater reduction? The following article is useful for considering those questions: Q2 figures on debt released in August showed "a surprise drop in the number of Scots signing up to a protected trust deed ... a drop of 15.5 per cent compared with last year." The answer to question (1) then is that the fall has been across the board. The answer to question (2) is tougher. The evidence is suggestive rather than definitive that INVO is performing at least as well as and possibly better than its rivals. The RNS reaffirms that its "business model and strategy remain valid": "not suffered ... increased lead costs" as work is secured by referrals rather than advertising "low rejection rates" "low case failure rates" "good relationship with TIX and have already agreed an ongoing fee basis for Trust Deeds which should have no material impact on our margins." [From the business.scotsman.co Some new information in the RNS is also very positive: "we are in the process of putting in place revised software and operational procedures to enable us to deliver Protected Trust Deeds more effectively and efficiently." "we have made considerable progress in reducing our reliance on a small number of referrers" "we have also established new affinity and referral relationships with significant creditors" [note that the benefits of these are already "beginning to result in an upturn in new leads and we expect this trend will continue across the remainder of the current year."] Q2 will probably prove to have been the toughest period for PTD providers, with the situation much improved going forward: "Martin Prigent, head of insolvency relations at TIX, said: 'From the information we have to date, the objection rates are probably slightly higher than we expected. I think there are genuine reasons behind that, WITH ONE OF THE BIG ONES BEING A SETTLING-IN PERIOD FOR US BEING IN OPERATION [my emphasis].' ... this is already starting to change, with TIX saying its objection rates on PTDs fell from 41 per cent in April to 25 per cent in July." (From the business.scotsman.co In conclusion then during a period of adverse conditions INVO has continued "to be cash generative" and has increased its net cash position from £3.4m to "in excess of £4.0m". If it can perform like that during such a period, then we have very little to worry about, and the outlook appears very good with the environment already improving. One final point: while acquisitions have been on the agenda since the AIM admission document with INVO seeking to be a consolidator in a fragmented market, little progress has been made in that direction so far. The current RNS includes the oft-repeated refrain that "Invocas continues to be well-positioned to acquire quality debt solutions providers in complementary areas" ... however, for the first time a time-frame is mentioned "the opportunities for consolidation and acquisition which the sector is likely to generate OVER THE COMING YEAR." |
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