Added to YB: 2025-08-15
Pitch date: 2025-08-14
ANX.L [bullish]
Anexo Group Plc
-1.22%
current return
Author Info
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Company Info
Anexo Group Plc, along with its subsidiaries, provides integrated credit hire and legal services in the United Kingdom.
Market Cap
GBP 44.8M
Pitch Price
GBP 0.41
Price Target
240.00 (+59159%)
Dividend
N/A
Sector
Diversified Consumer Services
Category
special_situation
Show full summary:
Anexo Group (ANX.L): A Special Situation With Potential for ~98.6% IRR (or Nothing)
ANX.L: Grossly undervalued at 35p (14.5% P/NAV vs 240p NAV) due to hostile buyout offer. PIK loan notes at 60p principal accruing 15% annually (compounded quarterly) with 1-5yr maturity. If redeemed after 1yr: ~100% IRR; 5yrs: 29.1% CAGR. Major risk: hostile management could make notes worthless.
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