Coronavirus impact: 29 June - a contrarian investment for the coronavirus climate
A provider of credit hire and legal services is an interesting contrarian play in the current environment
Anexo: results in line but why the dividend?Anexo Group (LON: ANX), the specialist integrated credit hire and legal services provider, announced encouraging results for the year ended 31 December 2019. You can read our earlier Premium Research note on Anexo from the link here. Revenue rose 39% to £78.5m, pre-tax profit was 57% higher at £22.4m and adjusted earnings per share rose 42% to 17.0 pence. A final dividend of 0.5p per share brought the full year payout to 1.5p per share, the same as the prior year and equating to a yield of 1% at the current share price. We…