|Have started a new thread,seeing as there is a company name change to ClearDebt:
|worth a £1000 punt or not? opinions appreciated|
|Thanks, A. CLEA doesn't seem to be known to ADVFN yet. No trades shown for CAW though.|
|Stock code is CLEA. Why are both company names trading today?|
|Any idea what the new stock symbol is? ADVFN doesn't seem to list it yet.|
|This might take a nice pop tomorrow, purely on the name change - people get interested and want a bite at it. Time will tell. Long term it is the business performance that will matter.|
03 January 2006
Result of Extraordinary General Meeting ("EGM")
The Company is pleased to confirm that at the EGM held today all of the ordinary
resolutions were duly approved, including the resolution to approve the
acquisition of ClearDebt Limited.
The special resolution relating to the allotment of equity securities and the
change of the Company's name to ClearDebt Group plc was also approved.
Trading in the 240,187,228 new ordinary shares to be issued pursuant to the
Placing and the Acquisition is expected to commence on AIM on 4 January 2006 and
trading under the new name of ClearDebt Group plc is expected to commence on 5
|So here we are in a situation whereby the share price of CAW rises by 50% on a buy of 24,875 shares,worth the princely sum of £1000 aprox?
Unless theres a large order as yet to show up in the system.
Well at least the bid to offer spread has decreased to 12.5% aprox,which makes it much more investor friendly,hopefully the spread will now stay as it is or even less so.|
|Impossible to put a price on it, powwow, as affc21 says.|
Can't realy put a price on it yet,what with it being a new start up.
Will need a couple of results behind it to know any more.
Having said that I have bought in CAW, more as a speculative buy at this moment in time.
Management: see previuos post's above.|
|Hi guys if any of you can help, can you provide a summary of this company and whether the current mcap is way to low or not. Also can the management be trusted.
|Blimey, should have told dharmy2 to fill his boot. Sorry, dharmy. :-O|
|wakey wakey affc!!|
|Almost right, D. I make it:
Buy 5000 shares at 3p = £150.00 plus commission £7.50 plus stamp duty 75p = £158.25.
Sell 5000 shares at 5p = £250 less commission £7.50 (no stamp duty on sales) = £242.95
However, immediately after buying, you have 5,000 shares now worth only 2p each. If you sold immediately, you would have a loss of £65.75.
These 2p shares have to go up 150% for you to be able to sell at 5p. Such things do happen, but the odds are not good.|
My mate has an online trading account which charges £7 per trade. Would the following calc be correct at all ?
5000 shares at 3p each sold at 5p = £86 profit .. or not ?
I understand what you mean by £150 being too little, but unfortunately thats call I can start with for now|
|Apart from this particular share not being a very good bet, D, £150 is really too little. You may find a broker who charges less than £12.50, but dealing costs will still eat into your capital. I'd say buying shares is not really worthwhile with less than £1,000, except perhaps as a bit of fun.|
Thx very much for the tip, I really appreciate it. I built a little Excel spreadsheet, which calculates the net profit after trading costs and I did'nt factor in the stamp duty. I thought a 2p rise would get me back a profit after brokerage costs, but obviously I was misleading myself. Thanks for the advice on HBG, much appreicated|
|Did you see it tipped somewhere, D? Suggest you read the thread first. If you spend £150, including dealing costs of say £12.50 and stamp duty 75p, you will get 4,558 shares at 3p each. If you try to sell them the next day, you will get 2p each, or £91.16, less dealing costs say £12.50 = £78.66, almost a 50% loss. In other words, these have to rise almost 100% for you just to break even.
This is not a very good bet. Take a look at something a bit more solid. I suggest Homebuy (HBG). There is a much smaller spread (difference between the price at which you buy and the price you get if you sell), and the shares have a fair chance of doubling in a year or so (in my opinion).
There's no special reason to expect a rise on January 4th (except in the case of shares selected as New Year tips by the newspapers), and a slight rise in this one won't help you much anyway.|
Am a newbie to penny stocks and share trading. I have a tiny amount of cash to put in (like £150). Am trying to do more research, do any of you advise buying before Jan 4th, is it normal to expect a slight rise on that day ?|
With most of the paperwork completed online (%?) combined with an expanding market I too expect these to come good in time.
You know these rose coloured spectacles don't suit me!!!!!
If all goes through as expected,I would not be surprised if these dropped again as some of the placing shares are sold (I don't think they were all locked in),of course providing the potential sellers can get a decent price within the spread.|
|I expect you'll be all right in the end, affc21 - we know the market is expanding rapidly and the opportunities are there. It may just take a little time.|
Totally agree about the spread,probably the best I can hope for is if the share price rises (but may go down) then the spread may narrow.
Will be interesting where CAW will go from here?|
|Manchester Evening News (I see its in their local press)
Tuesday, 13th December 2005
Listed shell in £3m deal
CARRWOOD, a listed shell based in Manchester, has reversed into AIM-listed ClearDebt in a £3m deal.
ClearDebt was founded in June last year by David Mond, of city accountants Hodgsons. It is an internet-based operation which advises consumers who are struggling to pay their debts.
Mr Mond, aged 60, is also chief executive of Carrwood, which is being renamed ClearDebt Group.
In addition, the company is raising £1.2m via a shares placing to raise working capital.
ClearDebt, which employs six people, is one of several entrants to the fast-growing debt advice market, along with Accuma and Debtmatters.
ClearDebt Group's chairman will be 62-year-old Gerald Carey, a former regional director of Barclays Bank. Mr Mond will also be a director.
David Shalom, 38, will join the board as finance director along with Andrew Smith, 49, as marketing chief.
|Illiquidity may be OK for great traders like you, NB, but it's bad news for congenital ditherers like me. :-)|