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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cleardebt Grp | LSE:CLEA | London | Ordinary Share | GB0003083390 | ORD 0.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.25 | GBX |
Cleardebt (CLEA) Share Charts1 Year Cleardebt Chart |
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1 Month Cleardebt Chart |
Intraday Cleardebt Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/3/2016 | 22:02 | ClearDebt IVA -new issue | 4,177 |
| 27/9/2011 | 09:45 | ClearDebt - Looking through the numbers | - |
| 14/8/2006 | 18:35 | Cleardebt 2006 | 11 |
| 10/7/2006 | 18:30 | Cleardebt.co.uk - Debt Analyser Completions | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 15/3/2016 20:54 by barnetpeter yes in my stockbroking account tonight....quite happy with the amount as I bought some well below the payment price. |
Posted at 19/2/2016 19:06 by battlebus2 Cleardebt proposes a MVL, with the sale of the IVA book on the 29th of January the company is to be wound up. To speed up a return of 1p per share David Mond will lend the co £500k and a new entity Cactus Group LTD a dormant co will take over the remaining assets of Abacas and will also be lent £500k by David Mond for working capital purposes. Can't win them all but glad to get some sort of return, before the 5th of April. |
Posted at 19/8/2013 22:36 by battlebus2 Una register with Britdaq for the matched share service. |
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 15:14 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 20/11/2012 16:50 by glasshalfull Empirestate - Don't know if you saw my earlier post on the thread? post 4081 I've been kicking the tyres here as first glance it looks v good value. My gut instinct was that fair price was around 3p given the convertible issue but the more I look the less I like about the company. Went through the notes in 2011 AR and I believe that this is just CEO David Mond's baby with no institutional investment apparent. 4 x family members including David effectively control the company and when I looked at notes re. Loans and Convertibles it appears that DM is taking a fair bit out the company via an over the top 10% interest rate. This debt effectively cost the company over £300k last year, I believe that market scepticism is effectively knocking the share price, which equally hurts him in the pocket given his 35% shareholding. Even now with convertibles repayable April 2013 then this will swallow £2.85m cash. Not only do holders of the convertibles receive 10% interest per annum (inc. DM with £500k of convertibles) but there is also a 25% bonus on top of the £2.3m loan which seems very generous on top of the 10% per annum...DM also has £600k loan outstanding following interim period. Let's therefore call it EV £7m when you add back cash on b/s Now factor in the interims which indicated that IVAs dropped in the latter 3 months of the interim period with loss of a lead source and my reading of the outlook statement indicated that they expected an increase in IVAs would eventually come through. With Equity Dev Pencilling in normalised EPS of 0.3p or £1.25m PTP then I'd suggest with debt added back as per EV above, then this suggests fair value around EV £10m in my book given shareholding of management and lending uncertainty...so roughly 40% upside from current 1.4p and I'd place fair value of c.2p until convertible issue resolved. Please note that Cleardebt management weren't prepared to send me any up-to-date info from Seymour Pierce, and ignored my queries regarding the convertible issue. Make of that what you will. I'll certainly not be investing here & would sum up as a company run by management for management. Regards GHF --- I was very critical of the company & today's results confirm my scepticism, I'm sorry to say. Results poor and IVA fall confirms that these are uninvestable given that I question management. I summed up my last post as a company run by management for management & feel vindicated in that stance. Hope the investment works out for you. Regards GHF |
Posted at 07/9/2011 11:50 by barnsey moreforusi think your correct in that CLEA share price is holding up well but so it should be with the line of business they are in and i would have expected CLEA share price to be going the opposite direction for that very reason. i know CLEA is below the radar and the industry have had some bad press but the market is looking for growth and profits from AIM and a dividend helps so imo it is just a matter of time for fortunes to improve here. |
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 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. |
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