Debts.Co.Uk Share Discussion Threads

[nobel2005] 26/1/2007 12:59

It might be wise for DETS to provide a trading update on how they are doing instead of remaining silent.

[twentyoneeleven] 26/1/2007 12:51

Well I find all this absolutely crazy! ACG have issued a profit warning ... not DETS, not DFD, not DEBT ... yet the whole sector takes a tumble!!! ACG have admitted that it's their own fault because of a "...poorly executed marketing strategy in the first half of the financial year...", not because the level of IVAs is going down!!! I suppose that's sentiment for you!?! I for one will be filling my boots with some of the tickers in this sector once this little storm-in-a-teacup blows over ... another IR hike next month anyone?

[blindfaith2] 26/1/2007 12:25

No, its a profit warning from ACG that's caused this.

[twentyoneeleven] 26/1/2007 10:59

Lol @ Ollie6 ... "Run for the hills, we've got some competition!!!" YES ... there's a new player on the scene, YES ... they're going to undercut some existing IVA companies by up to £2000, but NO ... they're not going to put all exisiting companies out of business!!!

From the article I assume you read ()...

"The charity aims to be able to handle as many as 6,000 IVAs per year within 12 months, which is nearly as many as Debt Free Direct's current run rate.

Only 20,000 consumers embarked on an IVA in 2005, but this is estimated to have reached almost 50,000 in 2006.

With some estimates predicting IVAs to top 100000 in 2007, and the charity hoping to be able to handle just 6000 per year (within twelve months), I hardly think there's a need to panic just yet!

[ollie6] 26/1/2007 10:26

THE SHARE PRICE IS FALLING SO QUICKLY IT IS DROPPING OFF THE GRAPH,I READ IN THE MAIL THERE IS A CHARITABLE INSTITUTION THAT IS GOING TO DO THE SAME WORK AS THE CO.DOES AT A FRACTION OF THE COST.SELL AS I HAVE

[aatw5295] 25/1/2007 21:04

The city must love this guy and appointment ....... then again anyone with (Baltimore Technologies plc) on their CV tells it's own story.

If this is Debts idea of good PR and boosting the share price then they really got this one wrong. EOC64 is correct just what does he bring to the table, maybe a short statement to this effect would have helped. Its is future role that's important to me not his past ....

[eoc74] 25/1/2007 12:31

Dont you just love the PR of these companies! Full of bonhomie and smugness.

Cut to the cheese and tell us how youre going to sort out the SP!!

[twentyoneeleven] 25/1/2007 11:21

I thought he was great in Mrs Doubtfire! ;-)

[eoc74] 25/1/2007 11:07

What does this geezer bring to the table?

[twentyoneeleven] 24/1/2007 08:56

Debts.co.uk PLC
24 January 2007


Debts.co.uk plc ('Debts.co.uk' or 'the Company')

Board appointment

The Company is pleased to announce that Robin Williams has been appointed as
Non-Executive Director with immediate effect. Robin's early career included
senior roles at UBS Phillips & Drew Corporate Finance and Salomon Brothers
International as Director / VP. Robin then co-founded Britton Group plc and
developed it through acquisition and internal investment into a strongly
profitable quoted packaging and plastics group with revenues of £250 million
before it was bought by a US trade buyer. On the Board of Hepworth plc he led
the Home Products Division and the Group's disposal programme and was
instrumental in the sale of the group to a German trade buyer. He holds
directorships in private companies and acts as a Non-Executive Director at
Cagney plc.

He has an engineering degree and is a chartered accountant.

Commenting on his appointment, Robin Williams said 'I am delighted to join
Debts.co.uk and look forward to contributing to its growth.'

Paul Carter, Chief Executive Officer, added 'We are delighted to be able to
welcome Robin Williams to the Board. Robin brings with him a wealth of
experience in corporate finance and building successful businesses through both
acquisition and organic growth. We believe that to attract a Non-Executive
Director of this calibre and quality vindicates our decision to undertake a
lengthy and rigorous search for the right candidate.'

Enquiries:

Paul Carter, Chief Executive Officer 0870 990 9716
Debts.co.uk plc

Chris Steele 07979 604 687
Adventis Financial PR

Mark Percy / Parimal Kumar 0207 107 8000
Seymour Pierce Limited

Robin George Walton Williams, aged 49, is a director or partner, or has been a
director or partner in the last five years, of the following companies or
partnerships:

Current directorships Previous directorships

Cagney Plc Baltimore Technologies plc
26 Gledhow Gardens Limited Constantine Holdings
Limited
Hills plc

Mr Williams does not currently hold any shares in the Company. There is no other
disclosure required under Schedule Two (g) of the AIM Rules


This information is provided by RNS
The company news service from the London Stock Exchange

[dave108] 22/1/2007 20:35

I think a seller is on the loose not a very wise one either as these look way too cheap

[eoc74] 22/1/2007 15:54

I never found out why DEBT entered such a steep fall. It went down to 220p! It had rebounded by 30% in a couple of days. It had to have been shorters at work. The reason I kept holding it all the way down was because it had good fundamentals. Like this one. But of course an update would be welcome.

[nobel2005] 22/1/2007 15:03

Thanks, please let us all know if there is anything to worry about.

[twentyoneeleven] 22/1/2007 14:58

Half year results (August 2006 - January 2007) are due out in March 2007 ... but a trading update, or at least some reassurance that there's nothing to worry about, would be most welcome before then! I've Emailed the guy who told me the results dates when I asked last summer to see if I can tease something out of the company ... via an official RNS of course!

[nobel2005] 22/1/2007 14:31

For your sake I wish you look, are they due a trading update soon, that might clarify matters

[eoc74] 22/1/2007 14:12

True Nobel, however, if its only that, Ill be happy and this will bounce. Fundamentals are good here. And its a takeover prospect.

[nobel2005] 22/1/2007 13:42

DETS don't inspire confidence with their current attitude.As a result the market punishes them.

[blindfaith2] 22/1/2007 13:27

2111 > If all is well they should take a leaf out of DFD's book as they are extremely good at PR and keeping the good news stream running and with it the share price

[twentyoneeleven] 22/1/2007 12:13

I think you've hit the nail on the head there, EOC74, when you say you're waiting to hear something from the company! IMO they have been extremely poor in communicating with holders and that can't have helped the share price performace here! Others in the sector have made back most of the falls they had recently, when the whole sector took a bit of a dive, but this one has just drifted and will probably continue to do so without some news! The next set of results aren't due out until March (I think!), but we could do with a trading update or at least some reassurance that everything is OK before then!

[eoc74] 22/1/2007 11:36

Chart goes back to looking brutal....Dont know whats in store here. It might be just like DEBT a few months ago, or there might be something more deep-rooted. DEBT issued a statement at the time saying there was no known reason for the share price to fall. Im waiting to hear something from DETS if this goes on.

[eoc74] 18/1/2007 16:52

Dissapointing turn away from 160p there. If we have broken the downtrend, we will need to break that level soon.

[dave108] 16/1/2007 19:55

not sure why they went so low maybe a seller has finally been cleared? although volume suggests maybe small buying but no sellers!!

[twentyoneeleven] 16/1/2007 17:00

Lets hope so! Looking forward to the morning headlines after today's CPI figures!

[eoc74] 16/1/2007 16:59

Some could argue that today has broken the back of the downtrend...

[twentyoneeleven] 16/1/2007 16:13

Now that's a bit more like the right direction! A bit behind others in this sector, but at least going the right way again following recent events (IR hike, inflation data, etc.)!