Cleardebt Share Discussion Threads

[empirestate] 19/10/2012 12:52

looking alot keener marines.

[empirestate] 16/10/2012 19:04

had email from David Mond, stats should be with us shortly, ''hopefully'' before the end of the month.

[empirestate] 11/10/2012 00:34

suprised how that 350k buy didn't move the price up.
any results in the morning hopefully would be welcomed

[empirestate] 08/10/2012 11:39

merely presenting a buying opportunity imo, can't believe what a great opportunity this is

[felix99] 05/10/2012 08:42

well you will get it right one day lol . I heard 11th btw.

[empirestate] 05/10/2012 08:19

has to be monday, better be

[empirestate] 04/10/2012 07:52

must be tomorrow then, zzzzzz

[empirestate] 03/10/2012 07:28

must be tomorrow then

[empirestate] 02/10/2012 07:43

must be tomorrow then

[empirestate] 01/10/2012 08:08

must be tomorrow then

[empirestate] 30/9/2012 16:53

barnet, can see this being at the top of the leader board tomorrow, the momentum in the earnings from the first six should have continued and if they manage to break the GBP1 million profit before tax level and with a strong outlook i can't see any reason why 4p can't be achievable in the short term.

[barnetpeter] 29/9/2012 08:03

Nope. I am in and added at 1.4p last week. I reckon results will be excellent.

[empirestate] 29/9/2012 00:39

blimey it is quiet around here considering results on monday, am i the only optimistic one or am i missing something here?

[empirestate] 27/9/2012 08:54

just checked on results date and it could be monday i/o tomorrow, not long either way

[empirestate] 25/9/2012 15:38

picked up a few here today, looking forward to results this week. this should be on a very conservative p/e at this sp, so reckon a decent re-rate likely

[bisiboy] 23/9/2012 18:17

yes just waiting

[alidaf] 20/9/2012 20:02

Anyone still here?

[saucepan] 26/6/2012 18:52

Glasshalfull: a very insightful and helpful analysis; thanks.

The chart has also turned very ugly with the failure of 1.5p long term support.

I have held in the past, but exited on lack of positive momentum. I am not tempted back, but watch with interest.

[glasshalfull] 26/6/2012 16:30

Forgot to mention...don't expect any trading update. No news release planned in relation to trading until result announcement in September.

Regards
GHA

[glasshalfull] 26/6/2012 16:26

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

[moreforus] 21/3/2012 12:00

1 year low..tempting

[barnetpeter] 21/3/2012 11:58

Very cheap at this price now. Great business model and half a million profit last time? Wow!

[pugg1ey] 19/3/2012 12:01

I guess someone dumping 950K shares@1.5p doesn't help...