Questor says 'buy' Anexo, although second pandemic wave is a risk
Anexo Group
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16:18 19/04/21
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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
1,251.85
16:20 19/04/21
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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.