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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 |
| Top Posts |
|---|
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 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 25/8/2011 12:50 by barnsey You would think there would be strong buying before results which the companyhave stated are ahead of expectations, what will it take to wake the private investor up re the potential for growth on offer here, fully loaded myself and looking forward to reading results statement. Not many with such a low market cap making profit and growing turnover. |
Posted at 11/7/2011 09:22 by saucepan Hi folks. I joined you long this morning.The following is what convinced me, in case of interest to others. Equity Development Research 27 May 2011: Brokers Note 28 February 2011: 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: The latest trading update (20 June), which seems to have gone largely unnoticed, confirming among other things, that: ClearDebt anticipates that its year end figures will be ahead of market expectations The following fundamentals: (Data source: ShareScope screen snapshot) Note the Rolling P/E 2 of 3.27 and Slater PEG of 0.08. Technically, an uptrend could just have started as investors begin to realise that CLEA is oversold. In view of all of the above, I concluded that this is far too cheap - but please DYOR. |
Posted at 17/6/2011 06:42 by moreforus sorry dkpettiyou are right - i was dressing it up.. it's 3.64... Other factors that we think investors should note are that: ClearDebt is increasing volume and, as per the preceding table, gaining market share (it had more IVAs passed in the first seven months of 2010/11 than in any previous full year) We do not yet know how many ClearDebt IVAs were approved in the first quarter of 2011, but the January number (all January numbers are seasonally depressed as fewer are submitted over Christmas) was 77, a 285% increase on January 2010... ClearDebt already had a lower rating on a PFER basis than Fairpoint prior to the announcement and its share price had already fallen by one-third from its 2011 peak in the last three months Also, the decline in the number of IVAs approved and the lower average fee has a less geared impact on ClearDebt because it has low costs (both fixed and variable): the latest published data shows ClearDebt‟s EBITDA on IVAs as an attractive 39.6%. This is despite taking a larger proportion of the smaller IVAs that reduce fees and margins, although their conservative accounting policies reduce the difference reported at the pre-tax level. Earlier this month ClearDebt was rated at 6.7x its broker‟s forecast of 2011 eps but now it is only 4x. Despite its impending year end, it has seen no need to issue a warning in respect of those market expectations. Our opinion is that a slowdown in the market will merely slow ClearDebt‟s growth rather than cause an actual fall in its profits; also ClearDebt‟s reported profits will rise as the amortisation charge on the assets acquired from the administrator of "Relax" runs out. Even if earnings per share were to be 10% below the house broker‟s forecast, the current share price would be trading on less than five times eps for 2010-11. Conclusion Fairpoint has warned of a temporary one-off drop in earnings per share of, say, 3p (probably less) and its share price has declined by 31p, which I can safely say is excessive; ClearDebt has issued no warning, but its share price fell by one-eighth, which I think is irrational. We think that ClearDebt's current share price should be at least 3.6p, and preferably 4.5p, which is double the current price |
Posted at 08/6/2011 06:35 by moreforus Now i would say it's a function of aim and distressed and disinterested investors when a company can trade at less than 50% of current fair value...We think that ClearDebt's current share price should be at least 3.6p, and preferably 4.5p, which is double the current price. |
Posted at 31/5/2011 09:47 by moreforus ClearDebt Group plcAn uninformed reaction ClearDebt offers debt resolution services, principally IVAs and DMPs but also PTDs in Scotland, using a state-of-the-art web-based system for initial contact and individual supervision of all the later stages in the process, resulting in a higher success rate and lower overall costs than its competitors. The market has clearly over-reacted to Fairpoint‟s trading statement on Monday, 23 rd May. They issued a profits warning because the Coalition‟s "austerity" policies are resulting in fewer people declaring themselves insolvent than under the previous government and said that they expected profits to be "substantially lower" than previously forecast, but anticipated a significant recovery in 2012, with a doubling of its non-IVA revenues on top of a recovery in the IVA market. Fairpoint‟s share price subsequently fell by one-third and, as a side-effect, ClearDebt‟s share price fell by one-eighth before recovering a few percent, although the latter has not needed to issue a profits warning. Fairpoint mentioned two problems affecting it: the decline in the number of IVAs (when they had expected a small increase) and the smaller size of IVAs approved, and the income from them, relative to their business plan. It is probable that Fairpoint is also suffering from a downturn in the market for Debt Management Plans as DMPs are driven by the same economic sources as IVAs: other commentators also appear to think so, since the downgrade to forecasts exceed that attributable to the decline in IVAs. We think that Fairpoint‟s share price fall is over-done and, even if it was not, we should still consider that ClearDebt‟s decline is excessive and verges on the irrational. For the sector as a whole the problems described by Fairpoint are temporary‟ and are expected to fade away towards the end of 2011 as cuts in public spending start to bite on unemployment levels and rises in interest rates make it harder/impossible for over-indebted consumers to keep up interest payments on their debt. Other factors that we think investors should note are that: ClearDebt is increasing volume and, as per the preceding table, gaining market share (it had more IVAs passed in the first seven months of 2010/11 than in any previous full year) We do not yet know how many ClearDebt IVAs were approved in the first quarter of 2011, but the January number (all January numbers are seasonally depressed as fewer are submitted over Christmas) was 77, a 285% increase on January 2010... ClearDebt already had a lower rating on a PFER basis than Fairpoint prior to the announcement and its share price had already fallen by one-third from its 2011 peak in the last three months Also, the decline in the number of IVAs approved and the lower average fee has a less geared impact on ClearDebt because it has low costs (both fixed and variable): the latest published data shows ClearDebt‟s EBITDA on IVAs as an attractive 39.6%. This is despite taking a larger proportion of the smaller IVAs that reduce fees and margins, although their conservative accounting policies reduce the difference reported at the pre-tax level. Earlier this month ClearDebt was rated at 6.7x its broker‟s forecast of 2011 eps but now it is only 4x. Despite its impending year end, it has seen no need to issue a warning in respect of those market expectations. Our opinion is that a slowdown in the market will merely slow ClearDebt‟s growth rather than cause an actual fall in its profits; also ClearDebt‟s reported profits will rise as the amortisation charge on the assets acquired from the administrator of "Relax" runs out. Even if earnings per share were to be 10% below the house broker‟s forecast, the current share price would be trading on less than five times eps for 2010-11. Conclusion Fairpoint has warned of a temporary one-off drop in earnings per share of, say, 3p (probably less) and its share price has declined by 31p, which I can safely say is excessive; ClearDebt has issued no warning, but its share price fell by one-eighth, which I think is irrational. We think that ClearDebt's current share price should be at least 3.6p, and preferably 4.5p, which is double the current price. |
Posted at 09/2/2011 11:30 by moreforus are you talking to yourself again puggley... just a consolidation of the recent upmove..March is not that far away so t traders will close and then investors will move in... |
Posted at 14/1/2011 09:44 by gogoneko moreforus,I'm more than happy for investors with a view to holding more than a day or two to come onboard, and as the share price is in an uptrend - even better, as these investors seem to be increasing in number. However I still find it frustrating that there appear to be traders trying endlessly to make a profit and generally failing - are you dragging over the investors from the empty hole / hot air stocks you complain about? It looks like it. [edit : ...and btw, didn't you think we were having a break-out a couple of months ago too!] |
Posted at 05/1/2011 07:17 by moreforus drak - at the moment the market cap is less than 6 mill .. if they made 600k profit then its roughly fair value..as they told us they had a stonking q1 up 102%...then obviously there are ni guarantees but it would suggest that they are on track to make more than last year (which had extra ordinairy items thanks to the Relax asset purchase)..the 2 broker forecasts of 2 million came out after the q1 trading statement. Also if you remember CLEA was the tiddler to watch last june in the times - the problem is investors would rather chase asset bubbles rather than invest in a company that is a growth stock without the shock and uncertainty and risk of oil exploration or resource exploration and development - its on aim and its simply uninteresting for investors - if it was an oil co or gold co it would be 4-5p now as 2012 (note not 2011) target would be 9p... |
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