bullish
Anexo Revisited
SUMMARY
- I wrote a brief write-up on why I liked Anexo (ANX) almost a year ago when the stock was trading at 84p.
- I had hoped that the VW payout would be 10-20 million GBP and turned out to be only about 7.2 million for 12,000 of their 16,000 VW clients.
- As of their H1 2023 report they had another 12,000 Mercedes emissions clients, and they believe the VW settlement has created a precedent and have several other car manufacturers lined up, so this could turn out to become a nice profit stream after all.
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