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So we are currently £17.4m valuation. Following this morning's kitchen sink job, expected EBITDA now £10-12m, which will be conservatively £7m profit after tax. Debt will also fall given temporary halt to dividends and I suspect that the new CEO has set himself up to beat expectations. The p/e is now less than 3 and the underlying business is holding up quite well given the economy. My personal view (DYOR) is that this could be a 100% riser over the next 4-5 months. GLA!

At least* 15%

Yep - great find. Maybe no RNS even required. Should be a 15% up day tomorrow

Confirmation that Nicola Foulston has sold up entirely...

https://www.rbgholdings.co.uk/investor-relations/shareholder-information/ - "* 8.93% of these shares are held by Cascades Limited. Cascades Limited is ultimately owned by the trustee of “The Foulston Family Trust” a trust of which Nicola Foulston is a beneficiary. The remaining 0.51% shares are held by the Trustee of Nicola’s Foulston Self-Invested Personal Pension Scheme."

Good news. Strange to see this down 3% on the TR1?

Agreed - leave the company to respond - they will be all over this. Crazy UK small cap markets at the moment.

Ha - a classic small cap panic. I would suggest topping up on the short term fear. DYOR

I'm a lawyer and this won't materially affect LITI. Expect a post close RNS to clarify this. Good buying opp IMO

Pretty decent update. Looks like balance sheet improving in difficult trading conditions. Could be a remarkable turnaround play here. Truly rock bottom market cap... Taken a small entry position @5.8

WOW - Humongous volume today. Turnaround time (barring a savage profit warning...)

Looks like there was a big block trade yesterday afternoon - £600k + worth. Hopefully see a bounce here soon.

Sold up this lunch before a 14% fall. Pure luck. What is the real NAV now that LUCY has fallen 75% odd percent. Take the new NAV and apply 50% discount and then that is probably the fair value given market valuations. Would guess around 10 p is fair value

I'm out - LUCY value just plunged 75%. Good luck all - the markets are faacked for companies like TEK

Quite a comical market reaction. I would genuinely expect to see this up around 50%. Huge deal for LUCY. TEK's financing requirements suddenly massively reduced. Lots to look forward to. Still over 50% discount to NAV - NUTS. THE STRONGEST OF BUYS

Massive news - this will fly today

Https://www.investorschronicle.co.uk/ideas/2023/06/13/anexo-is-now-oversold-and-undervalued/

So a p/e of 5.4 but when you factor in the undisclosed WV profit ( at least £7m) the p/e drops to 3.5.

Company's brokers *

Must be close - ludicrous state of affairs. RSI in the toilet. forward 1yr p/e of 3-4. Could double in a week this. Just need some clarity from the company.

Someone has dumped a million or so shares over the past week or so. Down 40% on the year seems unwarranted. Forward p/e of 3.5. Debt now reducing, as per broker forecast and recent VW settlement. Good free cash flow. Change of strategy. RSI of 8!!! Share price steadied. Should see a slow rerate to £1 IMO

Yep - I have a gut feeling they could pinch this for £1. The post results profit guidance for this year was £18. The VW £7m drops through to the bottom line, meaning £25m profit. Don't forget the lowered £18m guidance was on the basis of a focus on cash generation and paying down debt with free cash flow... No idea what is going on here but the market is pricing Anexo like its about to go bust! No director buys (and no material shareholder buys) smacks of a cheap takeover by DBAY. Ludicrous market cap of £80m

I think a cheap premium takeover is on the cards now - £1 could probably maybe just about do it.