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Am I the only person who thinks that the best way to find out what's happening is ask the Company rather than speculating? They have told me this morning that Valentina Slater has been raising money to buy property and has now finished and will not be selling any more shares for the foreseeable future.
I spoke to soon grrr
Nice rise today, hopefully it will continue to a decent price, a bid would be nice ha ha
Takeover, take-private target perhaps with a clever financing structure?
There is a trade-off between speed of revenue growth (and cash gen) in the next few years vs debt levels. Once Anexo reaches a more steady state (i.e. change in trade receivables closer to flat), the company will start spitting out / generating high cash conversions. The market seems to be overlooking (not giving credit) to the level of cash Anexo is expected to generate with its current asset book. Sure, there is a risk that some trade receivables might not materialise / there might be a write-off. (
I agree. We need revenue and profits up and debt down.
I'm waiting for the pre-close update in March before I make any decisions. The debt level will be key...
We could have been saying that for years, as the SP has been sliding down. I think it's just that they grew such a big debt pile, and then interest rates went up just at the wrong time for them. I think that's the main reason the SP has been hammered. If they can show they are increasing cashflow and paying down that debt as a priority the SP will bounce. If debt goes up again, it will go to the 40's as investor patience is wearing thin. The continual director sells over the years also doesn't help, but it doesn't necessarily mean there is something bad around the corner in my opinion.
I checked with the company - she is raising cash for personal reasons. Not up to me to guess why but we all know that people sometimes choose to raise cash even when it doesn't ostensibly make sense. Apparently she is buying property for the kids or something like that. Fair enough.
I think there must be something bad coming out in the accounts. A big receivables write off? Something isn’t right when you look at the financials and market cap
Not a PLC Director - a PDMR. I believe she is Sales Director of Direct Accident and looks after the garage relationships. Might be worth checking with the IR guy if there's any colour.
700,000 shares sold by director
Quite comical really. ANX is number 1 on the bargain shares list and is down. All 7 others are up 10-20%
Lets hope alot of other people like ANX also, as it needs a boost
Anexo is ranked his number 1 bargain share of all U.K. listed entities!
Last years trading update at this time of the year , was no different, very vague,
Trading updates don't generally contain numbers to be fair. However a statement to confirm debt is still being reduced would be appreciated. If debt goes back up, this is rightly going to get hammered again.
Another bargepole operator
No numbers in that, are they trying to cofer up something?
A badly worded RNS. "The Board is pleased to announce that the Group is trading in line with management forecasts and that pre-tax profit for FY 2023 is expected to be broadly in line with market expectations." The forecasts typically come from management guidance so not sure why companies say this. Clearly a slight miss on current forecasts, but hopefully nothing major. Like Trendz says, debt is what the key focus is here and they should be including a figure as that is why the SP is so depressed.
Looks like a slight miss on the bottom line. I would like more info on the debt situation…
Are we expecting a trading update tomorrow ?
I think the debt went up alot the last few yrs but they seem to have started knocking some off, hopefully the next trading update, they will announce another reduction in debt.
Another thing to add to the below is that I am also conscious the company has recently started putting a lot more emphasis on pursuing housing disrepair over credit.
I get that this makes sense as the working capital cycle is shorter than that of a credit hire case, however the skeptical part of me wonders, is this in anticipation of a detrimental change in credit hire case law?
So I have just recently stumbled upon this company and have been studying it for the past two weeks.
At first glance it appears like a steal, and I am fairly satisfied that realistic impairments have been applied to the debtor books shown in their accounts. Their cash collection over the past 5-6 years would also show a good track record of not over estimating debtors.
However, the one thing holding me back from dumping a fair chunk of my net worth in to this is the lingering possibility of a change in case law for recovery of credit hire. An extreme change on this front could effectively wipe out the company's ability to recover the outstanding debtor book.
Does anyone here have any input on this front? I have done a fair amount of reading, and I can't see anything to indicate that there is a statutory change imminent, but the sharp fall in share price makes me wonder if some people know something that I do not.
This must be one of the most undervalued shares around, if they have a good trading update, next week ? then it should move , well hopefully
Come on ANX lets see 80 p