London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I've lost enough now on ACG that it's not worth me selling, although to be fair, my buy value was only double the current sp. My view is this sort of company should do well over the next couple of years - I bought as a long term investment, but am a little disappointed with the consistent fall. There's very good probability that more people will be seeking IVAs over the next year or so - a problem has been in the past that banks (particularly like NRK) can veto an IVA I think - at least, that's my understanding. With the spotlight on the banks at the moment, hopefully this sort of negative practice will clear up a bit. I'm holding, but not topping up...
I think that ACG may well have to apply for an IVA for themselves before much longer :(
I certainly hope so! I thought that my basic rational to buy in, was sound! I still think that this sector of the market must progress in the present climate! I'm a trifle embarassed to say I bought in at around £2. Hmmmm! Sad, but thankfully it was only £20K involved! Man, you've got to be careful, nowadays, certainly in this potential bear market! In a 6-9 month window - I'll probably hold on for another TO bid, or an uptake in busines!! etc.. I remember, in the annals of my mind that ACG were trying to diverify into other business interests. Might be worth looking into ATB Til then - I'm fighting off the depression!
Give it 6 - 9 months and it will be a much rosier picture IMHO A very good long term buy !!
Anyone think that there is any hope left in this share?? Excuse me while I reach for another anti-depressant!
I think I'll just hold for interest value right now - I really thought there would have been some reasonable upward movement - wrong. I'll hold in the hope of some TO activity! lol
This lot look like they have not only fallen out bed, but are heading down the tubes! One of less intelligent share selections - around £20K I look like having to right off! C'est la vie!
I'm doing my weekly trawl of some of my holdings. As you say, ACG still requires much patience! Certainly after any potential bid uplift has been dashed for now. But I do agree that this area - along with pawnbrokers, and lower level lenders - has to start heading north at some stage! Til then we hold on, as I honesty can't lose much more of my stake with this one! And if it rises then I may claw back some of my negative exposure to make it reasonable to exit this one! ATB
These are the reasons i invested in ACG. First of all the bid. A round of bids last year were rejected for being too low. I feel one of those companies have come back with a better deal and are prepared to thrash it out now all the way to a deal which i feel will be a significant increase on todays price. The IVA fee structure. Now this has been settled even though the IVA companies will be getting less per IVA they will be seeing greater numbers seeking IVA's. ACG were operating IVA's profitably even during the "dry" spell, unlike companies like DEBT, and i feel ACG will gain the greatest for the fees being sorted. The market has yet to being in favour of the IVA sector but i feel it will come, Positive press. Which? carried out a test on all the IVA companies and Accuma came out top. In an industry where suspicion is rife postive press is a must. I feel that ACG will be a 2 or 3 bagger within 3 - 6 months and i am happy to hold even though the market seems to be getting bored waiting for news. Always a good time to get in. All IMHO DYOR Regards IHNC
With virtually everyone drowning in debt, cos of the excessive "debt-build up" over the last decade or so [including, and even led by, our inept govt. which is the worst offender!] - this share still does not move upwards. Perhaps there is no REAL money [value-wise] left in the system to be gleaned!!
In the present climate - with IVAs coming back into favour - I think that a potential upward move in the share price is possible! Of course, ACG have a certain ammount of diversification also within their business model. There is also the takeover murmurings going on in the background! We'll wait & see
I feel it is ... only 6.5p above all time lows ... they are making a profit ... and are discussing a takeover offer after rejecting the last lot for being too low. I am hoping for 45 - 50p within a month or so. Even if they doesn't pan out i will hold for the longer term as the IVA market is on an upturn after the new IVA structure and ACG are well positioned to take advantage as they were already operating IVA's profitably before the new structure was announced. That was something that companies like DFD were unable to manage. All IMHO Regards IHNC
The "new director" news seemed to have had very little effect on the price. However this latest news: "Debt management company Accuma yesterday said it had received a takeover approach, less than a month after it said it had terminated discussions relating to a number of potential offers. Accuma stressed that the latest talks were at a very early stage and that there was no certainty that an offer will follow." - certainly perked things up somewhat. Let's just hope it continues!
Am I the only 1 who noticed that this information about a potential new buyer could have been issued on the same Friday night when the much less positive news was buried ie that they were appointing their third Finance Director within a year? Something just aint right here.
Good to see the rise today - hope it continues! It a long way to go to get anywhere near my entrance price! However this sort of company should do well in the current economic climate
Only confident on two at present ... this one could be good for 50% from here within a month and MTA will be flying if Russia results are good which are due soon
yes ihavenaclue all tips welcome some of mine Ahstead, EPay Asia and China Biofuels
Maybe, you have missed understood me, If you are defending your 8.06 footprint "plus 11.7%" there is no need too! I believe thats how the website was intended to be used. The footprint brought the company to everyones attention this morning whilst leaving a valuable piece of information that can be viewed in the future. Its all the other garbage that is frustrating, it appears to me that a lot of the newer members are treating the site as a general chat forum which just fills up the board. Anyway, until the situation calms down a bit, which I'm sure it will, I shall only leave "RNS out", "Article relevent here" or "up/down" footprints. GL and keep up the good work.
As I sipped scalding coffee and peered, bleery eyed at the RNS and write up about it in the Stock Market news section of this website, I thought it would open lower. I guess I posted at 8.06 am somwhat surprised that the market seemed to embrace the news, I did so because many do not have access to real time share prices and might be wondering prior to 8.15 am as to the market's reaction. I guess buyers were just being sucked in before the mark down of the price. I think dasv has posted warnings on different shares offering similar products about the difficulties ahead. On the wider issue, I too regret that this website seems to be losing its genteel charm and that the incessant exchanges between disgruntled NRK shareholders, amongst others, masks the very valuable opinions and information which those of us investing in a range of shares exchange. It was for this reason that a couple of weekends ago I emailed the owners of the webpage and they replied that they would include a filter. Apart from the 24 hours when I bought and sold NRK shares during the seismic temporary rally last week, I have applied the filter to NRK (amongst others).
These boards used to be informative and relatively unbiased but since NRK collapsed it appears to have been dragged down to the www.iii.co.uk level. Unbiased information can be found in lse boards but to sift through the garbage is soul destroying! Like you I saw the possibility of ACG and used my better judgement to return a tidy profit, at the same time DFD turned up trumps as well. If only people would report the information in an unbiased way, it would bring the pleasure back into reading these boards. I have refrained from listing the RNS content in the last week as most of the boards I have been watching are full of junk, ramping and deramping!
Sunday Times get it right all the time ? That is one view ... you said sell at 21p ... risen 50% since then, you fool. They said sell at the same time ... learn to DYOR and take your own risks rather than just listening to one view. I have done well out of ignoring the Times and this is just one more time they have got it wrong. I have sold half of my stock today to lock in profits and bought MTA and already in profit with that buy .. would you like some tips ??
plus 11.7%
.
Cut and paste from Sunday Times. Take todays profit and get out while you can....
Good call ... you deramping idiot !!!!