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Inkasso-selskapet Axactor SE (tidl. Axactor AB)
OldNick
18:19 30.06.2018
#20315

Axactor er fortsatt aktive med portefølgekjøp.

Nå har de fått tilslag på nok en portefølge i Spania, skal vi tro denne artikkelen (hentet fra HO).

Vi får vel en børsmelding før åpming mandag vil jeg tro.

Vil det løfte AXA-kursen mon tro?


Project Galerna: Sabadell Sells €900M in NPLs to Axactor

AURA Realestate Experts
29 June 2018

Endret 18:26 30.06.2018 av OldNick
Apophis
19:47 30.06.2018
#246

Hva skjer med kursen, det er det som er det store spørsmålet...
OldNick
16:30 02.07.2018
#20327

Det skjedde lite med kursen dessverre.

Markedet spør: Show me the money.

Vi får se når Q2-2018 kommer 25 juli.

Så kom børsmeldingen.


AXA: Axactor acquires unsecured portfolio from Banco Sabadell

Børsmelding
02.07.2018

Oslo - Axactor, conditional to formal authorization of the contract, has agreed to acquire a portfolio of large unsecured claims from Banco Sabadell. The portfolio although having an outstanding balance of 875 mEUR, only generates a low acquisition cost for Axactor, due to the size and profile of the underlying claims. The portfolio enables Axactor to invest in a type of product, where sales may become more common in the future and provide further opportunities.

"This portfolio is important for Axactor as it further expands our portfolio of assets and focuses on a type of claim where we have limited experience. The price level, due to the claim size, also provides Axactor with a lot of opportunities to achieve it's expected target with a limited amount of risk", says David Martín and Andrés López, Country Managers of Axactor Spain. This investment will be financed by Axactor's available cash and existing credit facilities.

For additional information, please contact:
Johnny Tsolis, CFO, Axactor, Mob: +47 9133 5461, E-mail: johnny.tsolis@axactor.com
OldNick
12:18 12.07.2018
#20406

Axactor får nok en (liten) 3PC-avtale i Spania. Alle monner drar, sa musa og pisset i havet.


AXA: Axactor keeps growing the 3PC business in Spain

Børsmelding
12.07.2018

Oslo - Axactor Spain has added two new outsourcing contracts to provide collection services of secured debt for two relevant players in the real estate market; one of the largest financial institutions and one of the main real estate servicers in Spain. The combined annual contract value is EUR 1.5m across both contracts. Both contracts are for 12 months and renewable for a further 12 months.

"These contracts are key for Axactor Spain further strengthening our outsourcing services not only in the unsecured collection services but also in the secured and real estate market. It is very important for Axactor to develop a well-balanced business in Spain across all the business lines and market sectors", says David Martín and Andrés López, Country Managers of Axactor Spain.

For additional information, please contact:
Johnny Tsolis, CFO, Axactor, Mob: +47 9133 5461, Email: johnny.tsolis@axactor.com
______

DNB Markets har oppdatert sin Axactor-analyse:

Set for growth in REO collections

We expect Axactor to report Q2 EBIT of NOK9.1m, on increasing collections of unsecured and REO portfolios. It signed a considerable amount of forward flow contracts in Q2, requiring future capex of close to ~EUR200m. Reported Q2 capex was however modest at EUR10m versus our EUR110m estimate, due to delayed collection versus our previous forecasts. This is the main reason we have cut our 2018e EPS by 29% and 2019e EPS by 16%. For 2020e, the timing effect is less important and our EPS is unchanged. We reiterate BUY and our NOK50 target price ahead of the report, due on 25 July at 07:00 CET.

Strong capex prospects from forward flow contracts signed in Q2. Axactor has entered into forward flow contracts in Norway, Germany, Italy and Sweden with a total value of close to EUR~200m during Q2. For the second quarter in isolation, there were no large portfolio purchases. We had previously modelled EUR110m in capex through Q2, and the forward flow level thus exceeds this. However the capex will be booked through the coming years rather than immediately, which reduced the expected collection near-term, while it should increase collections at a later stage. This, in combination with an increase in amortisations due to a higher share of REO collection, contributes to us cutting our 2018e EPS by 29%, 2019 by 16%. Our 2020 EPS estimate is unchanged.

Collection of REOs likely to have picked up considerably in Q2. We estimate the gross collections of REOs to have come up from EUR9m in Q1 to EUR25m in Q2. The INE (Spannish Statistics Institute) Spanish house price statistics show continued appreciation of 1.3% QoQ in Q1, and prices are now up 21% from the trough. Much of this underlying growth in revenues is however offset by costs relating to Axactor ramping up, with increased debt facilities and higher costs, meaning that we expect net profit to be only slightly positive, at NOK1.4m.

BUY recommendation and NOK50 target price reiterated. We find Axactor attractively valued at a 2019e EV/EBIT of 7.4x on our estimates, in combination with high expected earnings growth and a healthy revenue mix with a relatively high share of Debt Collection earnings. We expect a significant improvement in quarterly results over the course of 2018 as the platform established in 2016 and 2017 sees higher margins from better utilisation, and scale benefits materialise due to high NPL investments.
______

DNB ser en langsommere vekst-takt i inntjening for Axctor de 2 neste årene, men holder fast ved 12mnd kursmål: NOK 50/aksje.

Denne oppfatningen er nok gjeldende i markedet, skal man tolke kurs-utviklingen siste året.
highlander
18:45 19.07.2018
#11165

19/07-2018 14:34:56: (AXA) Axactor Group secures another significant unsecured Consumer forward flow in Germany

Oslo, July 19th, 2018

Axactor Germany, an Axactor group company, has successfully secured another
forward flow of fresh unsecured consumer claims, from a large financial
institution. The forward flow is expected to generate an acquisition cost of
approximately 20 mEUR over the next 12 months. This acquisition complements the
other large forward flow closed in June, both of which deliver a large volume of
claims into Axactor's business in Germany.

Doris Pleil, country manager Germany, commented "This acquisition is clear
evidence that our analytical approach is working in a very tough market. The
time invested by the German team has been very well spent."

Axactor plans to finance this acquisition by use of available cash existing
credit facilities and will be acquired into Axactor's 100% owned company Axactor
Capital Luxembourg.
OldNick
13:03 25.07.2018
#20438

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OldNick
19:24 25.07.2018
#20441

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OldNick
00:26 26.07.2018
#20442

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OldNick
19:45 26.07.2018
#20449

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tåka
10:32 27.07.2018
#9307

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OldNick
07:32 31.07.2018
#20466

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OldNick
10:22 03.08.2018
#20479

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OldNick
16:11 08.08.2018
#20501

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OldNick
11:58 10.08.2018
#20514

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OldNick
00:03 22.08.2018
#20556

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OldNick
08:16 23.08.2018
#20568

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OldNick
14:37 05.09.2018
#20627

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tåka
20:53 11.09.2018
#9322

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tåka
13:31 17.09.2018
#9323

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OldNick
08:11 21.09.2018
#20676

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OldNick
19:02 11.10.2018
#20797

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OldNick
19:57 12.10.2018
#20803

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tåka
12:43 16.10.2018
#9341

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tåka
09:40 19.10.2018
#9344

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tåka
09:40 19.10.2018
#9345

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