Debt Free Direct Share Discussion Threads

[sat69] 14/3/2007 13:06

Fidelity still adding - supporting the share price Let's hope they keep it up.

[jailbird] 14/3/2007 09:34

sat,

RNS on the 12th the one before today's

[sat69] 14/3/2007 08:38

Jailbird,

Interesting BUY from Fidelity. I've gone back over 1 year to establish if they have added or sold, but I cannot find a previous rns from them. Surely not their maiden trade?

sat

[jailbird] 14/3/2007 07:08

i see the the big boys have been buying recently...fidelity adding again.

[sat69] 13/3/2007 16:48

A few small upward spikes, but steady as she goes. Next stop - £4

[twentyoneeleven] 13/3/2007 07:17

'Raise interest rates or face economic disaster'
By SAM FLEMING and BECKY BARROW - More by this author »
Last updated at 23:18pm on 12th March 2007

Interest rates need to go above eight per cent to control booming house prices, a leading economist has warned.

Martin Weale said that unless the property market is restrained it will suffer a crash, devastating those who look upon their home as their pension.

He spoke out as official figures revealed that average prices are rising by more than £4,100 a month. If they kept up this pace, they would leap by almost £50,000 this year, more than double the average worker's salary.

Continued...

Although the article is primarily focused on house prices, that sort of rise in interest rates would certainly cause huge problems for many already struggling with mortgage, credit card and loan repayments!!!

[sat69] 12/3/2007 16:43

Looks like Fidelity's first RNS on DFD. At least they think these are worth taking a punt on. I wonder if that is the reason for the spike at the close. Will we open hugely higher tomorrow?

[sat69] 12/3/2007 16:41

RNS Number:7939S
Debt Free Direct Group PLC
12 March 2007

Debt Free Direct Group PLC (the "Company")
Notification of major interests in shares

The Company received notification on 12 March 2007, for the purposes of the
Transparency Directive, that Fidelity International Limited is now interested in
3,688,448 ordinary shares of 1p each representing approximately 9.84% of the
Company's issued share capital. The number of voting rights is also 3,688,448.

[ozzmosiz] 12/3/2007 15:17

ah ok, sure we have had this discussion not long ago. I have the memory of a goldfish (actually they have 6 months+ memories, but lets not go there ;) )

[twentyoneeleven] 12/3/2007 15:11

Lol, you know I do! A lot of good information to be found there regardless of which side of the fence you sit!

[ozzmosiz] 12/3/2007 15:09

Twenty-one - you don't frequent HPC by any chance?

[ozzmosiz] 12/3/2007 14:47

Hmm with debt now exceeding £1.3 trillion (and growing at ~10% per year, whilst salaries are ~4%) I can only see this sector bouncing back at some stage, and strongly. Don't forget that inflation is likely to rise (Despite the BoE harping on about inflation dropping) and this will mean higher interest rates and higher borrowing costs.

Edit: Also don't forget about the Yen carry trade ;)

[diogenesj] 09/3/2007 10:18

Directors have to be optimistic, aspex, and they may turn out to be right. However, I read yesterday somewhere (sorry, can't remember where) that Shore Capital have this as a sell, saying that 'changes in the fee structure of the industry' could knock up to 40% off 2008 profits. It's that kind of uncertainty that makes me reluctant to buy in again just yet.

[sat69] 09/3/2007 09:39

Been treading water for the past few days.

[aspex] 09/3/2007 07:44

DJ
Like you, I have no idea, just offering possibilities.
However, if the 2008 forecast is not easily achievable, there seems little need to comment positively again unless they are trying to support the share price.
They claim the high ground on their modus operandi for customers and I see little need to think they are doing anything untoward here.
At this stage, I suggest benefit-of- doubt and hope they avoid trying to satisfy the brokers.

[sat69] 08/3/2007 16:41

A flat day, but still holding up well.

[sat69] 07/3/2007 12:07

Taking a breather from yesterday, but still comfortably above £3.

[diogenesj] 07/3/2007 10:19

Cynicism usually pays, aspex, especially on Aim, and I should know. :-)

Is there any reason to suppose that the 2008 forecasts were any more 'conservative' than the 2007 forecasts, which will now be missed by a wide margin?

[aspex] 07/3/2007 02:52

Cynicism abounds.
2008 forecasts will have been conservative so they have every right to suggest they will meet targets.
If they had not upped their earlier 2007 forecast all would be fine and they would have everyone's blessing.
They should not be interested in boosting the share price unless they are in need of financing. That seems unlikely.

[sat69] 06/3/2007 16:43

We broke through resistance today. Looks like we should build on this in the coming days and fill the gap. Will be hitting £4 very soon.

[sat69] 06/3/2007 15:44

You're right Jail - showing very blue today - some profit warning!

sat

[twentyoneeleven] 06/3/2007 15:22

Not a holder in this one, but doesn't the "10-15% off forecast" refer to figures that were banded around when the share price of this one was at about 550-600p, before the whole sector took a fall? That would mean then that the share price currently should still be up around the 500p mark to reflect true value? Just a thought ... please correct me if I'm wrong!

[jailbird] 06/3/2007 14:53

as profits foreacvst are gonna be 10 -15% lower and this fell from £5 with warning came out, then no reason why this cannot go back to £4 at least