Questor says 'buy' Anexo, although second pandemic wave is a risk
Anexo Group
64.20p
08:50 25/04/24
-1.23%
-0.80p
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
755.25
10:15 25/04/24
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.