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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Debts.Co | DETS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.50 |
| Top Posts |
|---|
Posted at 11/7/2008 15:31 by alexacj It seems that recovery is now occurring in this sector.....look at the INVO share price and the start of the recovery of FRP.......if the company is adversely impacted by Firstplus the directors have a legal responsibility to inform the market just as Loanmakers did.......no announcement? The other side of the coin with Relax is their client base.....as defaulters arise the company can now offer debt services directly to those clients......INVO operate in Scotland and as we know DETS has offices there and operate Trust Deeds.....we'll have to wait for the next announcement to truly judge where this company is....but it is debt free unlike FRP!! |
Posted at 30/5/2008 07:50 by flc I'm not a holder of DETS but I do have a working knowledge of Relax. They are a strong little company with an excellent management team. Whilst others have gone backwards they have carved out a niche within the financial sector and are also very efficient at what they do. Good acquisition IMHO. |
Posted at 30/4/2008 09:49 by jailbird alex,FRP and DETS are the 2 are am putting my money in for now on. competitors have fewer now..and FRP is the largest provider, whcih i expect will perform the best. |
Posted at 30/4/2008 09:35 by alexacj Well results pretty much as expected....but these paragraphs I think sum up our current prospects"The outlook for the economy appears favourable for the provision of the Group's services. With this as the backdrop, we have and are continuing to put into place processes and systems which enable us to continue the growth and progress of the business. We look forward to the next six months and the further progress of the Group and ARE CONFIDENT that we shall meet market expectations for both growth and profitability." That puts us on a p/e of 5 for this year and 3 for next year......retail sales showing a large drop and house prices continuing to fall. Many commentators expect House prices to fall between 25% - 30% (some go as far as 45%!!), Buffett warns that this slowdown could be a lot worse than we think ......all these factors I think point to a very good economic environment for DETS to prosper. |
Posted at 19/4/2008 18:14 by dasv I'm contrast JTCodi, I'm considering buying back in - record IVA levels, massive credit card debt, credit crunch - surely companies like DETS will flourish? |
Posted at 28/2/2008 09:27 by naeclue Can't see any way that this is correct. I think 2.2mln profit for the year would be excellent, let alone 5.2. Interims should be out fairly soon, hopefully the situation will be clarified then.I'm pleased that dets are walking the walk, trying to make acquisitions to become a stronger player in debt management. Hopefully they have made the most of some good opportunities in the carnage of the last 12-18 months. Certainly buying into the Scottish market seems a no brainer. I'm pleased that they haven't plunged in to buy up IVAs from some of their er wider competitors, all about quality of candidates going forward I think. Roll on interims! |
Posted at 22/2/2008 14:44 by alexacj I'm not sure whether anyone has seen the new forecast since the announcement of the aquisition.....but Seymour has increased it's 2008 forecasts fairly substantially to PBT of £5.4 million EPS of 19.2p AND a dividend of 5.5p!!!!!I'm assuming that they have basedtheir revised forecasts on information from the company and that would have been a fairly detailed analysis as they underwrote the placing!! If that forecast is anywhere near realistic these shares are the steal of the century!!! |
Posted at 19/2/2008 16:05 by jtcod That is a superb deal imo. The management, despite DETS being on a ridiculously low PE, have secured further funds at a 2.5% premium to price in a credit crunch and on terms of acquisition that shows zero dilution of earnings and still leaves £1.5m in cash. The majority of the acquisition business is in Scotland, where the current industry problems do not exist.At the same time they are saving £200,000 per month from a one off £800,000 cost, though there may be some more costs on top of this for finishing the job of cost cutting. This is positive news imo particularly also following the 190 signatures from the industry on future guidelines. Though I would like to know the fine print of the agreement going forward. |
Posted at 19/2/2008 15:14 by alexacj I thought that DETS had their AGM this morning.......we have had no AGM statement and in fact last year we had a trading update at the end of January.....nothing this year!!!!!!! Mmmmmmmmmm :-( |
Posted at 24/8/2007 20:23 by fbrj 7Kiwi - others here will know much more but I believe it (the falling SP) was due to the banks (who were owed the money) signalling that they intended: to stop paying cos (like DETS) up front fees, to reduce the amount of fees and to recover more (ie more "X" in the pound) from IVAs. A fairly negative media emerged and this coupled with some of DETS competitors issuing profit warnings and a distinct lack of communication from DETS caused the share price to tank.Since then there has been an industry resolution to the above problems: DETS has, since it came to AIM, actually "delivered" in terms of results, pays a decent divi (5p), has always arranged an average of more than the type of "X" in the pound the banks were seeking, and appears to have made a couple of sensible acquisitions. Hope this helps :) |
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