Anexo Group (ANX)

 65.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 108.00
  • 52 Week Low: 56.40
  • Currency: UK Pounds
  • Shares Issued: 117.99m
  • Volume: 89,585
  • Market Cap: £76.69m

Anexo Group trading in line, remains cash generative

By Josh White

Date: Wednesday 22 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Credit hire and legal services company Anexo Group said on Wednesday that its overall trading was still in line with management expectations.
The AIM-traded firm said that, with the gradual easing of Covid-19 restrictions, a number of staff in its legal services division Bond Turner had returned to office working while observing social distancing guidelines, with other employees continuing to work remotely.

It said the Bond Turner offices had remained constantly accessible in recent months, with the division fully operational at all times.

The group said it was continuing to recruit "high quality" legal staff, in line with its policy of expanding its headcount to drive increased case settlements and cash collection.

Its credit hire division 'EDGE' had also remained fully operational throughout the first half.

"The majority of the group's introducer garages have returned to normal working practices and any existing backlog of repair work is being cleared," the board said in its statement.

"Average vehicle hire numbers have returned to pre-Covid levels and fleet utilisation remains in line with historic norms.

"Overall vehicle numbers are being carefully managed in line with the group's policy of controlling fleet growth and increasing cash collections."

The board said that, as a result of its overall strategy, the group was net cash generative throughout the first half.

At the same time it announced, with immediate effect, the appointment of Dawn O'Brien to the board as director of Bond Turner.

It said O'Brien originally began her career as a barrister, joining Bond Turner in 2006 before being appointed CEO of the division in 2009.

Following her appointment, Joanne Allen would be appointed company secretary.

Anexo said it was intending to provide further details, and to reinstate financial guidance for the 12 months ending 31 December, at its interim results in August.

At 0929 BST, shares in Anexo Group were down 2.22% at 132p.

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Anexo Group Market Data

Currency UK Pounds
Share Price 65.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 108.00
52 Week Low 56.40
Volume 89,585
Shares Issued 117.99m
Market Cap £76.69m

Anexo Group Star Ratings

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Anexo Group Dividends

  Latest Previous
  Final Final
Ex-Div 25-May-23 19-May-22
Paid 23-Jun-23 24-Jun-22
Amount 1.50p 1.00p

Trades for 28-Mar-2024

Time Volume / Share Price
15:58 3,789 @ 65.84p
15:40 312 @ 64.00p
15:29 3,000 @ 66.00p
15:29 3,000 @ 66.00p
15:28 3,000 @ 66.00p

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