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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cleardebt Grp | CLEA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.25 | 0.25 |
| Top Posts |
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Posted at 12/8/2013 15:34 by una Hi,what are the options after the de listing if you still hold shares in CLEA? |
Posted at 08/3/2013 15:26 by liarspoker I hold Just Car Clinics which I purchased in October, 2011 just after the delisting announcement. I paid around 2 times 5 year average PTP for the shares. Probably a pain to sell but I haven't tried. I think of them as a perpetual bond since my dividend is nearly 12% p/a. Interim & final results are released and you can view them on the company website. |
Posted at 08/3/2013 15:14 by greedfear All loans can be repaid in a year or so from current cash and future cash flow.I do think dividend payments will happen if and when possible because it's more or less a family owned business. Also I would like to think that the main shareholder is not after leaving other shareholders empty handed as that would imply he'll has to (financially) damage his family too. If the price is low enough I'm a buyer, but (I like to believe) I'm no fool and will dispose (some) if share price rises high enough. Frankly, at the moment I do not care what direction the share price will take. |
Posted at 08/3/2013 11:46 by pugg1ey I remember holding Accuma group and they did the same thing but the Shareholders got paid a premium to the share price at the time. And a year later this happened.Wonder if CLEA will go the same way....after all I guess David could call his loans in at any time? |
Posted at 08/3/2013 11:14 by greedfear I'm willing to take a gamble here.It looks like the company can generate 1-1.5 net cash yearly. So that's 0.3-0.5p per share yearly. I can see divided payments of somewhere between 0.15-0.3p yearly. It is a "family" business and I believe members would like to get dividends once the convertible loan has been repaid etc. No div's this year obviously but maybe next year. What would one pay for a company with yearly dividends of 0.15-0.3p? Let's say 5x, or 0.75-1.5p. I'll discount 50% on that because of several uncertainties, so 0.375-0.75p. Buiding in a further 'marging of safety' I'll be a buyer at ??? or less. For 'investors' not caring about CLEA being unlisted in future it sure is something to look at. (Being unlisted doesn't mean it will be untradable as the company intend to review on an ongoing basis whether they can facilitate trading on a matched bargain basis). |
Posted at 07/3/2013 15:13 by greedfear Any thoughts? Must say as I'm kind of a risk seeker and don't mind delistings it's on my buy list now. So I would welcome disposals of holdings here.Only risk as far as I'm concerned is in the convertible otherwise CLEA is a very nice cash generative outfit. |
Posted at 07/3/2013 14:38 by pugg1ey simon I seem to follow you! Used to hold these and actually did OK out of CLEA profit wise. However I see the PI gets mugged as always. Always have to be wary when founders own such a large percentage. |
Posted at 20/11/2012 08:38 by saucepan Sorry, empirestate. I have been watching from the sidelines for the best part of a year. I used to hold CLEA, but became increasingly uneasy with it and not helped by the lack of liquidity.Not being able to announce to the markets a clear date in advance for results never fills me with confidence. CLEA is not the only company of course, but why can some companies get their act together in that way and others not? I must admit, I became increasingly fearful the longer the period that elapsed with results failing to materialise. A case of postponing bad news while raking around for a miracle or something else to offset the bad tidings. I might have looked to buy back had results been good, but that is clearly not the case. |
Posted at 16/1/2012 16:40 by saucepan Here is a copy of a post I have just made on the ZULU thread. Hopefully, it will be of interest here also:I mentioned my liking of ClearDebt (CLEA) some months ago, and some good critical debate followed. CLEA has come to life today; up 13%+, apparently stimulated by a 600,000 buy. Until recently, the share price has drifted down fairly relentlessly as a result of the severe general market weakness we have experienced, as well as a complete lack of news. I suppose it is just possible some astute investor is onto something ahead of the pack: so CLEA might be worth keeping an eye on. Here is a ShareScope snapshot. Note, particularly a Rolling P/E 2 of just 2.45 and a Rolling PEG 2 of 0.09! There are a couple of good broker research reports that are worth following up, for anyone remotely interested: As I mentioned previously, what also impressed me was: * The quality of client feedback (degree of satisfaction) from an IVA comparison site - which quite frankly amazed me. No wonder CLEA is winning market share: * An impressive website ( company ethos, and impressive sounding management. CLEA also operates a "kaizen" improvement process - a model I have had some direct professional experience with myself and which I think is rather good. Looking at the chart, there are grounds for a believing that an uptrend has resumed. |
Posted at 27/3/2010 08:26 by moreforus LONDON (SHARECAST) - Personal debt reduction specialist Cleardebt found plenty of takers for its services in the second half of last year, as revenue grew 57% to £2.3m from £1.5m in the second half of 2008. Profit before tax improved to £0.43m from £0.10m, albeit after the recognition of a £0.25m gain on a bargain purchase. ClearDebt profits soar March 26, 2010 Timperley-based ClearDebt has seen its interim profits more than quadruple and turnover jump 57 per cent to £2.3m as it continues to reap the benefits of buying 6,500 clients from the collapsed Relax Group. For the last six months of last year, the debt advisory group posted a pre-tax profit of £425,185, up from £101.393 for the same period the year before. The number of individual voluntary arrangements (IVAs) it passed rose from 200 to 350 over the same periods. The company offered £2.7m for Relax's 2,400 IVAs, 1,300 protected trust deeds and 2,800 debt management plans when the deal was agreed in December. Some £350,000 of that had been paid by the end of that month. The remainder will be paid in the second half of the year. Relocation and restructuring costs have also now totalled £500,000. The company has just completed transferring Relax Group's cases to its system, and has relocated a reduced staff based to smaller offices in Chesterfield. Chief executive David Mond said: "The combination of the wider economy forcing more individuals into debt, our diversified and scalable business model and crucially the realisation by the major lenders that a well-designed IVA is in their best interests leads us to believe that prospects for further growth are encouraging for the foreseeable future." Business Financial Newswire - First half revenues at personal debt resolution adviser ClearDebt rose 57% to £2.3m. Pre-tax profits for the six months to the end of December increased to £425,185 from £101,303. The firm had cash and cash equivalents of £378,241 compared with £222,517 last time. The firm said the current economic environment created increasing demand for personal debt resolution and ClearDebt was in a position to cope with substantial growth due to its scalable model based around web-based algorithms. Chief executive David Mond said: "The group is becoming a major player in the industry. "As a profitable and highly scalable debt resolution group, we are confident that we will be able to manage our growth for the benefit of our shareholders." Story provided by Business Financial Newswire 8:05 am, March 26, 2010 ClearDebt profits soar and Mond predicts more growth Debt advisor ClearDebt Group Plc (AIM: CLEA) today posted a 420 per cent rise in interim profits after "significant growth in revenues". Pre-tax profit for the six months to December 31 was £425,185, compared with £101,393 a year earlier. Revenues were up 57 per cent at £2.3m. Cleardebt said the number of clients under management had doubled following the purchase of 2,400 Individual Voluntary Arrangements, 2,800 Debt Management Plans and 1,300 Protected Trust Deeds from the collapsed Relax Group. It had 350 IVAs passed in the period compared to 200 in 2008 and said the pipeline of new business suggested strong continued growth through to the year-end. Timperley-based ClearDebt's interim pre-tax profit, which included a one-off gain of £252,914, was not far short of the £460,000 it posted in the full year to June 30, 2009. Shares in the group rose 7 per cent to 1.88p in early trading today. David Mond, chief executive, said: "We are very pleased by our performance throughout the period and are encouraged by what appear to be highly positive signs for continued future growth across all product lines. The Group is becoming a major player in the industry. As a profitable and highly scalable debt resolution group, we are confident that we will be able to manage our growth for the benefit of our shareholders. "Although the current macro economic conditions are of significant benefit to ClearDebt, we understand that this is a time of considerable personal pain and anxiety to many. Through our leading position in the Debt Resolution Forum, we are committed to the highest of standards in the industry, ensuring that consumers will get the most appropriate solution for their needs. "The combination of the wider economy forcing more individuals into debt, our diversified and scalable business model and crucially the realisation by the major lenders that a well-designed IVA is in their best interests leads us to believe that prospects for further growth are encouraging for the foreseeable future." Mond said ClearDebt would be able to cope with substantial growth thanks to it business model, which uses web-based algorithms to keep administrative costs down. The Relax deal, where Mond personally bought the debt of the struggling company before putting it into administration, will cost a total of £3.2m, including £500,000 is for restructuring, relocation and financing costs. It has enabled ClearDebt to handle Protected Trust Deeds, the Scottish equivalent of IVAs, instead of referring them to third parties. Mond said: "The acquisition of these assets should provide strong and predictable additional cash flow for the Group and our lean administration means we are very confident that we will manage these cases effectively and at a higher margin than Relax found possible. The timing of cash flows from the cases to date has exceeded our expectations." The Abacus business now has 3,949 Debt Management Plans generating income and a run rate of about 250 new DMPs per month. Mond said it was "now generating significant profits and cash flows as it maximises the cross selling opportunities and marketing synergies between it and the ClearDebt business". DEBT management company ClearDebt, which has seen half year profits surge, expects the boon to continue after buying up a rival's assets. The Timperley-based company said it had seen "significant growth" in revenues and that it expects the trend to continue to the year end. Pre-tax profit increased 320% to £425,185, for the half year to the end of December 2009 (2008: £101,393). Turnover increased 57% to £2.3m. In December, Cleardebt agreed to pay £2.7m to the administ......for the full story register now for free Cleardebt (CLEA, 1.75p, £5.4m) - H1 results to 31 Dec 2009. Revenue increased 57% to £2.3m (£1.5m); PBT £173k (£101k) excluding the exceptional gain on bargain purchase of £252.9k. Headline EPS were 0.1p, but underlying EPS looks to us to be around 0.04p (0.03p). The acquisition of 6,500 clients via the purchase out of administration of Relax Group assets has more than doubled clients under management. The book value of the assets acquired was around £6.3m, total expected consideration of £3.1m paid amounts to around 40 per cent of that value. There was a significant increase in number of IVAs passed to 350 (200). In terms of the market estimates, £1.2m PBT and 0.4p EPS, the company looks cheap, but notwithstanding the Relax acquisition looks to have some way to go to meet FY expectations be it on a clean or reported basis. HOLD |
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