Questor says 'buy' Anexo, although second pandemic wave is a risk
Anexo Group
132.00p
16:20 25/01/21
0.76%
1.00p
The Daily Telegraph's Questor team told clients to 'buy' shares of Anexo, the credit and legal services firm for non-fault motorists, labelling them "a bargain [...] at least in the absence of a second wave."
FTSE AIM All-Share
1,198.56
16:31 25/01/21
n/a
n/a
Anexo, which was preparing a class-action lawsuit against VW for the emissions scandal, generated "good" cash in the first half of 2020, had guided towards much higher profits in the backhalf of the year, although a victory in the VW case was not assured.
As well, a second wave of the pandemic could hit car hire volumes.