Debts.Co.Uk Share Discussion Threads

[dasv] 21/4/2008 12:00

JTCod - sorry thought you'd changed your name a bit like IEC4, IEC08, Pingu08 (all the same guy ;)

[alexacj] 20/4/2008 19:08

I think we are due results tommorow.......I see the estimates have been revised to just over £2 million......

[jtcod] 20/4/2008 11:49

I agree dasv but my stalker obviously doesn't. ;-)

[dasv] 19/4/2008 18:14

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?

[jtcodi] 19/4/2008 13:42

Well its time to move on from there. I will be selling out and moving on to PET and maybe a little EME.

[7kiwi] 25/3/2008 21:40

What significance is attached to the stake by Hargreave Hale (as far as I can a tell a stockbroker) and Singer and Firedlander?

[thumbs] 18/3/2008 07:22

Rising numbers seek debt advice

[jarvis4] 13/3/2008 19:24

bbg-521
Can you be more specific in terms of which members of senior management have left and when and, if known, why? Thanks.

[billybigguns] 11/3/2008 14:17

I wonder if the interims will mention the restructure of the organisation & the redundancies made last October? Should this not have been on an RNS? Cashflow issue? A number of senior management have left the company recently too?

The sector has been battered & continues to suffer.

[alexacj] 28/2/2008 09:56

As you say half would still be excellent! I have e mailed the company direct for clarification......

[naeclue] 28/2/2008 09:27

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!

[jtcod] 25/2/2008 22:55

thanks eacn. Maybe the company had it pulled.

[eacn] 25/2/2008 22:31

The note with the upgraded forecast does not appear in the Seymour Pierce research web site, so I suspect it has been withdrawn.

[jtcod] 25/2/2008 17:16

I would be happy with half that forecast. And they would still be cheap imo.

[naeclue] 25/2/2008 17:09

I called Seymour Pierce, they told me they couldn't comment, neither confirm nor deny if the figures are correct.

I can't believe that they are correct. Worth keeping an eye out to see if they are adjusted.

[jtcod] 25/2/2008 16:42

And before anyone asks. No that wasn't me buying 500k. ;-)

[jtcod] 25/2/2008 13:34

Unless a mistake has been made by Seymour Pierce in releasing this note, it looks to me like an almost exact re-instatement of their previous 18.7p 2008 forecast before they went all armageddon on the sector.

[alexacj] 25/2/2008 13:19

Could be that with the cost reductions that have been achieved and better than forecast IVA acceptance has helped the performance.......time will tell. Something strange going on with the price......the real sell price is 46.4p!!!! Someone is perhaps trying to fill an order?

[naeclue] 25/2/2008 09:24

Just had a look at the forecast, you are right, was upgraded February 15th. Can't see that all being the acquisition, (don't think the parts bought turned over 3 million, let alone increased earnings by this much).

Will try to contact Seymour, surely this is some mistake.

[jtcod] 22/2/2008 16:37

Well done spotting that btw alex. I picked up a couple of buys at 45p to average down.

[alexacj] 22/2/2008 14:44

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!!!