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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
Yes 100p actually looks possible now... More positive news ahead in 2024, I'm sure... "The one FTimes analyst offering a 12 month price target expects Anexo Group PLC share price to rise to 300p in the next year from the last price of 67.50."
Looks like I caught the bottom 😁
Let's hope it's all positive leading to results. My first target at present is 100p. I will then assess this when results are published.
GLA
There is life in the old dog yet. I maintain this should be £1.50. Good Xmas all
Nice rise later today, lets hope it keeps going until results come out
Hopefully good progression and an increase year on year profits will drag the share price up ………
I wouldn’t be surprised if D BAY increased their holding further.
I am not sure I can see a buy out at these levels, if Dbay themselves paid £1.50 per share for their stake, and their previous offer of £1.50 for a take over was declined. Any take over would need the consent of both Dbay and the founders agreeing. I cant see either agreeing to lower, and I cant see DBay paying that sort of valuation now. I bought in today and am happy to hold in my pension until this gets concluded, but im not sure it will be soon. Any one have any thoughts on this?
Buy out imminent at these low prices. Hopefully the share price recovers next month
With a p/e of around 3.6, debt going down and less than half the market cap it was not long ago it's only a matter of time.
They are making some good head way with Mercedes and also growing in the housing sector. I believe the down trend has been because growth has stalled but it's been way overcooked.
Also in these ranges wouldn't be surprised to see another approach.
Same Trendz, been holding for a few years now. All I've seen in that time is a trickle down in share price where my inaction has meant I'm now definitely in for the long term, as I can't justify selling at these levels. It's very cheap and certainly not a basket case company but I don't think management have helped themselves at times. They were consistently selling shares and putting the brakes on the SP for a couple of years after listing due to that, before then selling a huge chunk to DBAY, only to then reject the inevitable takeover offer from DBAY which looks to have been a bad choice given where management have taken the SP today. Then there was the much anticipated VW claim which amounted to nowhere near what was muted due to out of court settlement (why settle out of court when there was literally no chance of losing). And, debt was previously rising in line with profits and was manageable but over the last couple of years it has really ballooned. The SP will revert to a more reasonable level only when management get a grip of it, start reducing these case back-logs, bringing in cash and paying down debt substantially. It is critical in this higher interest environment. If debt goes up any more on next results / update I'll probably cut my losses. Hopefully they can start to turn this around though.
Yep ive still got mine, down though, but holding to see where it goes. Needs an update now or director buys to move it probs
Still holding ANX. The return of the bull market should eventually trickle its way down to forgotten companies like ANX. One of the cheapest in the UK listed space. GLA
All markets are well down and depressed now. The company is keen to drive down debt which will improve margin and the share price should follow. I do suspect however the company will be bought out by another as the value is too appealing now.
Still hanging around this? Didn't they tell everyone there would be little shareholder return as they focus on debt or was I dreaming?
And someone else is selling, strange that, what do they know?
Someone with a lot of money is loading up :)
Someone just picked up half a million £ of shares at the close…
Hi trendz and smorrisjones, thanks for the advice and pointers, it is very much appreciated. In terms of timings, if I have timed it right, it is a complete fluke on my part. I just sold my large position in revb (too emotional to hold too much in 1 place for me) and decided to split it between 3 companies including anexo which embarassingly I had not heard of until this weekend. Fingers crossed it climbs upwards and I will read the bits you pointed me too. Cheers andy.
Yep, very good timing - almost picked the bottom! When this breaks the Interim results day high (67/68p), we could see this move fast...