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The Accident Exchange Group - An ACE Investment

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DiogenesJ - Sat, 16 Dec 06 :

No, but they are right. The results struck me as slightly disappointing - didn't like to upset anyone by mentioning it on the day. Sales not quite as good as expected, vehile utilisation slightly worse, gearing slightly higher, debtor days slightly up. I expected forecasts to be slightly down. There was no mention of anything really nasty, such as the fake 'two major insurance companies refusing to pay any bills' rumour posted here a few days ago. The shares still look good value to me - but slightly less good value than I thought. Still holding a few, though.


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