RE: Tipped In Investors Chronicle, "Buy"13 May 2024 09:02
Thanks for this, I hadn't noticed the tip. Here's a little more detail:
https://www.investorschronicle.co.uk/ideas/2024/05/02/this-bargain-buy-is-returning-to-profit-growth/
"This bargain buy is returning to profit growth
The group is reducing debt, recycling cash into high-margin activities and is on a forward PE ratio of four
May 2, 2024
by Simon Thompson
Annual revenue up 8 per cent to £149mn
Operating profit up 31 per cent to £39.8mn
Pre-tax profit down slightly to £23mn
Total dividend of 1.5p a share
Net debt reduced by 7 per cent to £67.9mn
Results from Liverpool-based Anexo (ANX:64p) highlight the increasing importance of its fast-growing revenue streams and a focus on reducing borrowings.
The group provides a litigation claims process focused on the recovery of credit hire and repair costs for impecunious non-fault motorists involved in road traffic accidents (RTAs), funds class actions against carmakers, and has a housing disrepair business that provides funding for tenants making claims against landlords under the Homes (Fitness for Human Habitation) Act 2019."