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Gjeldsinnkrevingsselskapet Axactor
highlander
10:54 11.12.2017
#7733

AXA med nytt oppkjøp av svensk gjeld:

11/12-2017 10:04:40: (AXA) Axactor acquires an unsecured non-performing loan (NPL) portfolio in Sweden

Oslo, 11 December 2017 - Axactor Sweden have acquired a fresh unsecured NPL
portfolio. The portfolio includes unsecured credit with a total Outstanding
Balance (OB) of approximately EUR6 million, across close to 10,000 open accounts
of consumer loans and micro-loans. The portfolio allows Axactor Sweden to get
invaluable insight into the rapidly expanding micro-finance sector, as well as
including the more vanilla consumer loans.
"This acquisition demonstrates Axactor's ability to work with new clients in
Sweden and build a well-diversified portfolio. We expect further purchases to
follow this one in the coming months.", says Fredrik Kessler, Country Manager
Axactor Sweden.
The investments will be financed by Axactor's available cash and our existing
credit facilities.
OldNick
08:47 13.12.2017
#19749

AXA kjøper forbruker-gjeld i Italia.

AXA: Axactor Group secures significant consumer portfolio in Italy

Børsmelding
13.12.2017

Oslo - Axactor Italy, an Axactor group company, has acquired a significant portfolio of unsecured consumer claims from a large financial institution in Italy. The portfolio has an outstanding balance of approximately EUR 90m across 20.000 cases and represents Axactor's largest acquisition in Italy since acquiring CS Union in 2016. This acquisition will generate an increase in the volumes of cases under management and will benefit both the amicable and legal workstreams, which are both very important in Italy.

Massimiliano Ciferri, country manager Italy, commented "This acquisition marks a significant investment for Axactor Group in Italy and one on which we believe we can build on to generate further purchases. The new management team in Axactor are extremely excited to have successfully acquired such a high quality portfolio. "

The investments will be financed by Axactor Italy's existing credit facilities.

For additional information, please contact:
Endre Rangnes, CEO Axactor, Mob: +47 4822 1111, Email: endre.rangnes@axactor.com
Geir Johansen, CFO & IR, Axactor, Mob: +47 4771 0451, Email: geir.johansen@axactor.com
______

Legger inn en ny analyse fra Intrum Justita som også har relevans for deres konkurrent Axactor.

INTRUM.ST: Parents indebted due to social pressure to spendmore on children

Børsmelding
04.12.2017

The new European Consumer Payment Report from Intrum shows that parents are vulnerable to social pressure, forcing them to spend more money on their children than they can afford. Every third parent in Europe has experienced social pressure during the past year to buy something for their children that they feel they couldn't afford. Most of them (87 %) have also acted on it and bought something due to that social pressure. This translates into 28 per cent of all parents, or roughly every fourth parent.

Intrum, the market leading credit management services company, has presented a new European Consumer Payment Report with 24 401 European consumers as survey respondents. This year Intrum has focused its analysis on the driving forces behind consumer overspending.

"Our analysis demonstrates how a vulnerable group in society is exposed to a social pressure that can result in unsound, long-term indebtedness. With the many options of payment that exists today and the social pressure people report, we need to do more to create trust and teach every new generation how to consume in a sustainable way," says Mikael Ericson, CEO and president of Intrum.

The report reveals not only that every third parent feels exposed to social pressure to overspend, but also that young parents (aged 18 to 34) are especially vulnerable, with four out of ten (41 %) reporting that they feel the social pressure to overspend on their children.

Social media plays a key role in creating pressure on modern consumers, and not only parents or young people. Almost four out of ten (39 %) Europeans of all ages agree that social media creates a pressure to consume more than they should.

Related to the question of overspending, there is clear evidence that credit consumption is on a big rise. Intrum sees a dramatic increase in acceptance for buying on credit. Almost every third (31 %) European now think it is OK to buy goods such as TV or computers on credit, jumping up from barely a fifth (19 %) two years ago and 26 per cent last year.

"Being able to take on and give credit is a prerequisite for a growing society. At the same time, our analysis shows how important it is that the system, in which these credits are granted and taken from, works in favor of all parties involved," concludes Mikael Ericson, CEO and President of Intrum.

About the European Consumer Payment Report 2017

The answers of 24 401 respondents, between the ages of 18-65 in 24 European countries, were collected in total. The survey featured questions concerning household finances and was conducted during September 2017.

For access to the full European Consumer Payment Report 2017, please go to: www.intrum.com/ecpr2017

For further information, please contact:
Mikael Ericson, CEO & President, Tel: +46 8 546 102 02
Sofia Buhlin PR and Media Relations Director, Tel: +46 70 898 24 29, s.buhlin@intrum.com
______

Parents feel social pressure to overspend on children

European Consumer Payment Report 2017.

Intrum Justita Report
04.12.2017





mer på link


Intrum Justita: Infographics ECPR 2017 (PDF)

Intrum Justita: European Consumer Payment Report 2017 (PDF)

Endret 13.12.2017 08:48 av OldNick
tåka
09:14 13.12.2017
#9175

Et par til no før nyttår så kansje vi kan få litt kurs oppgang også.
tåka
11:08 14.12.2017
#9176

Litt økning hver dag er fint frem mot jul, så blir der litt avkastning på å sitte long.
highlander
16:28 22.12.2017
#7796

Ser at AXA fortsetter oppkjøpene i Italia:

22/12-2017 10:45:01: (AXA) Axactor Group acquires three further portfolios in Italy

Oslo, 22 December 2017 - Axactor Italy has acquired two mixed portfolios and a
small leasing portfolio in Italy. One of the mixed portfolios includes an
element of secured cases, which is being used as a test case for building
internal competence in another important NPL segment. These portfolios combined
have an outstanding balance of just over EUR 80m across approximately 750 cases,
with 20% relating to cases which are secured.

Massimiliano Ciferri, country manager Italy, commented "This acquisition is in
line with Axactor's strategy elsewhere in Europe, allowing the Italian business
to diversify across a broader range of NPL segments with the benefit of being
able to participate in an increasing number of sales going forward."

The investments will be financed by Axactor Italy's existing credit facilities.
highlander
14:05 29.12.2017
#7816

Axactor har kjøpt nok en gjeldsportefølje, denne gangen fra et av de største energiselskapene i Sverige:

29/12-2017 08:16:22: (AXA) Axactor acquires a portfolio in Sweden within the energy market

Oslo, 29 December 2017 - Axactor Sweden has acquired an old Debt Surveillance
portfolio from one of the largest energy companies in Sweden. The portfolio has
a total Outstanding Balance (OB) of approximately EUR 8 million and 10 500
debtors. The purchase is another step to grow fast in the Swedish market and in
different industries.

"This acquisition demonstrates Axactor's strength in the Swedish market. We
expect further purchases in the near future with reference to our ambitious
strategy. ", says Fredrik Kessler, Country Manager Axactor Sweden.

The investments will be financed by Axactor's available cash and our existing
credit facilities.
OldNick
17:14 06.02.2018
#19890

Lite nyheter fra Axactor i det siste.

Idag har det vært frenetisk handel i AXA, og kursen var kraftig ned til utrolige 2.41 i e.middag, før den tok seg opp til slutt-kurs 2.55.

Allikevel, dette er et glimrende kurs å komme inn på.
Personlig har jeg fyllt på beholdningen i ettermiddag.
Det har jeg ikke vært alene om ser vi.

Man har idag kunnet kjøpe til en kurs lavere enn den J.Fredriksens Geveran Trading kom inn på (2.50/aksje).

Q4-rapporten kommer 13 febr., dvs. om 1 uke.

AXA: Flagging

Børsmelding
06.02.2018

Fond forvaltet av Alfred Berg Kapitalforvaltning har kjøpt 3 500 000 aksjer i Axactor AB 6.Feb 2018.

Fond forvaltet av Alfred Berg Kapitalforvaltning eier 79 065 731 aksjer i selskapet etter dagens kjøp, tilsvarende 5,21% av utestående aksjer.

Alfred Berg Kapitalforvaltning
Profitt
13:49 12.02.2018
#14913

4. Kvartal imorgen- anyone ?.
highlander
14:43 12.02.2018
#8211

Tja, selskapet stiger i dag på forventninger til Q4-rapporten i tillegg til innhenting etter kursfall forrige uke?

Vet ikke om jeg ville sittet over resultatfremleggelsen. Selskapet har gjort en del oppkjøp av gjeld "ingen andre ville ha". "Voksesmerter" kan fort vise seg i resultatene etter hvert, men kanskje for tidlig allerede nå...?

I min enkle verden bør misligholdte gjeldsporteføljer få mindre verdi i takt med at renter for "risikofrie" plasseringer øker (lange amerikanske bonds + etter hvert bankinnskudd), pluss at betjeningsevne for "dårlige betalere" blir enda dårligere når renten stiger, men kan selvsagt ta feil...

Endret 12.02.2018 14:52 av highlander
Profitt
14:54 12.02.2018
#14914

Takk, kanskje jeg tar hintet før stenging- snitt 2,60 🤓😇
tåka
20:13 12.02.2018
#9208

Blir spennende, eg er ute så får vi se om det var lurt...
Profitt
09:07 13.02.2018
#14915

Gikk også ut på 2,75 igår- snart inn igjen high ?
OldNick
10:51 13.02.2018
#19903

re. highlander #8211,

siterer: Selskapet har gjort en del oppkjøp av gjeld "ingen andre ville ha".

Hva er begrunnelsen for dette utsagnet?
Axactor begynte forretningen i den perioden hvor europeiske banker og finansinstitusjoner var kommet i den situasjonen at de ble tvunget til å kvitte seg med dårlig gjeld, dvs. en gedigen mulighet for inkassoselskaper.

Dette var et ypperlig vindu for forretningsideen. Glimrende bakgrunn altså.
Har Axactor gjort så mye værre gjeldskjøp enn konkurrentene?
Rangnes er kjent som en dyktig mann innen feltet. Har ikke inntrykk av at han har gjort så mye feil, både investeringen fra Geveran og tilliten fra bankene bevitner noe annet?

Jeg har en følelse av at du forsøker å overbevise deg selv om at din bearishe oppfatning er det beste nå.
______

Axactor kom med sitt Q4-resultat idag.

Det var bra, bedre enn ventet, selv om nettoresultat fortsatt viste rødt.

- Bra vekst i omsetning
- ERC/aksje = ca. NOK 5.50

Men markedet var tydeligvis skuffet, aksjen er ned 5% i øyeblikket.
Er det noen analytikere som har reagert spesiellt negativt?

AXA: Axactor Q4-2017 - The growth of Axactor continues

Børsmelding
13.02.2018

Highlights from the fourth quarter of 2017

- Significant entry into the Spanish REO (Real Estate Owned) market, taking control of REOs valued at EUR 147 million in two transactions in partnership with Geveran.
- EUR 20 million deployed in NPL-portfolios in Italy, which represent Axactors largest quarterly portfolio investment in Italy.
- Concluded the refinancing of current facility with DNB and Nordea which increased the facility by nearly EUR 200 million to EUR 350 million, including EUR 150 million in accordion options.
- Gross Revenue of EUR 34.5 million (18.5)
- EBITDA of EUR 5.6 million (-1.2)
- Cash EBITDA at EUR 13.5 million (0.3)
- CAPEX deployment of EUR 234 million for the quarter

Axactor continues to grow the business and the financial results, in line with the stated ambitions. In the fourth quarter of 2017, Axactor achieved an EBITDA of EUR 5.6 million and Cash EBITDA of EUR 13.5 million. Gross revenue for the quarter ended record high at EUR 34.5 million, which is 87% above the corresponding number for the same period in 2016, and represent a growth of 46% compared to the third quarter of 2017.

During the quarter, Axactor made record high portfolio investments of EUR 234 million, bringing the total portfolio investments in 2017 to EUR 362 million. Axactor is already seeing results from the major portfolio purchases made in the second half of 2017.

The most important event in the fourth quarter was Axactor's entry in to the Spanish Real Estate Owned (REOs) segment, where EUR 147 million was invested in two transactions which also represents the first transactions in the partnership with Geveran Trading Co. The largest of the two transactions gave Axactor control of 75 % in two property companies owned by a large Spanish bank. In total, these two companies own more than 4.000 properties in Spain. The above amount includes the sellers 25% ownership of the SPVs.The REO investments already gives a positive contribution to AxactorŽs financial results, and Axactor will continue to look for attractive investment opportunities in the REO segment, together with Geveran.

As promised in the third quarter report, Axactor continued to pursue unsecured and secured NPL portfolios in the fourth quarter of 2017. In total, Axactor deployed more than EUR 100 million all five countries where the company is present. EUR 20 million of this was invested in NPLs in Italy - which represent Axactor's largest portfolio investment in Italy to date.

Rapid growth requires sound financial capacity. In the fourth quarter, Axactor concluded the refinancing process of the current RCF (Revolving Credit Facility) with DNB Bank og Nordea, bringing the size of the facility to EUR 350 million, of which EUR 15o million is in the form of accordion options. In addition to this facility comes the EUR 80+40 loan million facility the company has available in the co-investment vehicle between Axactor and Geveran Trading Co. Axactor is in a strong financial position, which opens up for higher gearing and more operational flexibility going forward.

In Axactor we are very ambitious and we have promised our shareholders significant growth from the start in 2015. The fourth quarter numbers show our ability to deliver in line with our high ambitions, carrying out several large transactions in a short period of time and thereby maintain a high rate of growth. After refinancing our RCF in December, we have an even stronger financial position which will ensure that we will continue to make portfolio investments and continue the growth story of Axactor, says CEO Endre Rangnes.

The REO market in Spain is remaining buoyant, particularly in Spain, where Axactor will continue to look for attractive investment opportunities together with partner Geveran Trading Co. Axactor has initiated discussions with several global banks with the purpose of increasing the investment capacity in this segment. The banks have experience and appetite for financing such transactions due to the portfolios high cash flow generation and short payback time.

The market for purchase of NPL portfolios also remains strong. Axactor see interesting opportunities in Spain, Italy and in the Nordics. The competition for NPLs remains robust and some of the price pressure we experienced in the fourth quarter of 2017 seems to continue in the first quarter of 2018.

For additional information, please contact:
Endre Rangnes, CEO Axactor, Mob: +47 4822 1111, Email: endre.rangnes@axactor.com
Geir Johansen, CFO & IR, Axactor, Mob: +47 4771 0451, Email: geir.johansen@axactor.com


AXA: Q4-2017 Report (PDF)

AXA: Q4-2017 Presentation (PDF)

Endret 13.02.2018 10:59 av OldNick
highlander
13:33 13.02.2018
#8223

Re. tåka #9208 og Profitt #14915

Gratulerer med greie utganger. Etter salg på formodentlig 2,75-2,80 på tampen av dagen i går er det mulig å komme inn vesentlig rimeligere i dag, sist omsatt 2,686, etter at aksjen har vært helt nede på 2,60.

Hvorvidt det er lurt tør jeg ikke mene så mye om, men noe som evt. kan trigge kursen er f.eks. et innsidekjøp.

Aksjen faller riktignok ikke på grunn av dårlige tall, for de var derimot helt greie. Imidlertid viser aksjen noe av den samme oppførselen som DNO viste her om dagen da selskapet slapp sine helt OK tall, altså at noen selger nesten for enhver pris, uansett hvordan tallene er. Ut fra dette ressonnementet kan man utlede at det hadde blitt et kraftig fall om tallene ikke hadde vært OK. Dette er typisk for flere aksjer. Har ikke lagt merke til AXA ved tidligere resultatfremleggelser, så vet ikke om dette er et fast mønster i denne aksjen.


Re. OldNick #19903

Forretningsidéen til AXA var suveren; kjøpe billig gjeld når banker etc måtte slanke balanser for "next to nothing", samtidig som selskapet fikk veldig billig funding selv, og så følge opp hovedstolen ovenfor skyldnerne til de havner i graven; sørge for å pante i tide for å hindre foreldelse, vente på at skyldneren får jobb og kan trekkes i lønn, eller får arv når skyldnerens foreldre dør, etc. Den enes død, den andres brød, osv.

Liker å sette ting litt på spissen for å skape diskusjon (men jeg prøvde så godt jeg kunne å svare på spørsmålet til Profitt i går), og beklager hvis det fremstod som provoserende, men det virker som om AXA etter hvert fikk konkurranse på oppkjøp av misligholdt bankgjeld og isteden har vokst videre gjennom å kjøpe opp misligholdt gjeld hos diverse større selskaper. Jeg har ingen forutsetninger for å uttale meg om fornuftig pris på dette, men det går jo på marginen etter hvert om kvaliteten på "utlånsporteføljen" faller samtidig som prisen på funding stiger (høyere renter) og betjeningsevnen til skyldnerene blir dårligere som følge av nettopp høyere renter. Imidlertid kan det godt være flere kvartaler eller år til eventuell "voksesyke" gjenspeiles i resultatene.

Ha en fortsatt fin dag!

Endret 13.02.2018 13:37 av highlander
tåka
13:59 13.02.2018
#9209

Ja, har vært muligheter for helt greie innganger i dag, litt opptatt selv på jobben så rakk det ikke men får se litt Ann.
highlander
13:10 15.02.2018
#8270

15/02-2018 07:31:54: (AXA) Axactor enters into a forward flow agreement with Monobank ASA in Norway

Axactor has entered into a two year forward flow contract with Monobank ASA. The
claims will be acquired on a monthly basis, and Axactor estimates the annual
capex to be 15-20 mEUR. This transaction will be a valuable contribution for
increasing the regular NPL volumes and to build critical scale in the Norwegian
business unit.

Oddgeir Hansen, Interim Country Manager for Axactor commented "This deal clearly
demonstrates the increased focus on the debt purchase product in Norway, as the
Norwegian business has traditionally been focused on third party collection and
accounts receivable management. Over the last few months we have significantly
strengthened the portfolio team to prepare for new portfolio acquisitions. I
welcome these additional volumes as well as further expected portfolios to help
drive future growth."

The investments will be financed through Axactor's available cash and our
existing credit facilities.
tåka
13:29 15.02.2018
#9210

ja, alt hjelper.

Usikker på kortsiktig retning selv om eg føler meg trygg den skal opp på sikt.
Får kjøpe litt og litt og trille litt om der kommer bevegelse ;)
highlander
15:36 22.02.2018
#8341

Enda et oppkjøp av usikret gjeld, denne gangen i Spania:

22/02-2018 14:31:58: (AXA) Axactor acquires a large unsecured portfolio from "Santander Consumer Finance" in Spain.

Axactor has acquired a portfolio with a total outstanding balance of EUR 133
million from "Santander Consumer Finance", one of the largest financial
institution in Spain. The portfolio consists of more than 15 000 cases coming
from non-performing loans on auto market.

It is the second auto portfolio Axactor Spain purchases in less than six months,
and implies a remarkable increase on the expertise and know-how of Axactor Spain
Auto management.

"Axactor Spain is delighted to close its first unsecured NPL transaction of the
year. The portfolio demonstrated our ability to keep growing the business across
all NPL segments and will contribute to strengthen our position as one of the
leading collection companies in the Spanish market", say Andrés López and David
Martín, country managers of Axactor Spain.

The investments will be financed by Axactor's available cash and our existing
credit facilities.
Profitt
13:04 16.03.2018
#14920

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OldNick
22:25 22.03.2018
#19976

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tåka
10:40 23.03.2018
#9239

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tåka
10:40 23.03.2018
#9240

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highlander
08:18 17.04.2018
#9182

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highlander
07:37 03.05.2018
#9714

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OldNick
08:00 03.05.2018
#20085

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