Cleardebt Share Discussion Threads

[paulmurphy777] 17/3/2013 17:51

With a large insider holding the family can take the cash out in all sorts of ways. Inflated salaries et al, that will make your shareholding pointless. The threat of dilution to further get you to buzz off is real. All legal and clever. Worthless to outsiders. Was a holder but got out with only 20% loss. Good education. Hope it works however you others play it and good luck with your efforts.

[battlebus2] 15/3/2013 18:45

I have liarspoker but at this low price it's still worth a pound or two. Buying at 0.3p makes sense to me and David Mond will sell up at a much greater price than now imv.

[liarspoker] 15/3/2013 17:56

BattleBus2 - have you seen the convertible loans ?

[sailing john] 15/3/2013 17:26

BB2
No - I had some cheeky buy orders in this week but no takers. Various volumes and prices from 0.1 to 0.18p. Will have another try next week perhaps.

GL - SJ

[greedfear] 15/3/2013 17:23

I'm not looking for buyers, I want sellers lol!

Like you I see value here. It's not without risk but I like the risk/reward and don't mind holding unlisted shares. Luckily a lot of people think they're better off "giving" the shares away.

Two words: thank you!

[battlebus2] 15/3/2013 17:17

Hi sailing john that's what i'm hoping. Certainly worth a punt with possible chance of multibagging. Didn't hold these before but hold Fairpoint who are in a similar field and are looking to add to their books so have bought a few this week, if you can tie your funds up for a while who knows.

Edit are you a holder S.J. ?

[sailing john] 15/3/2013 17:02

Hi BB2 - Another Spectrum perhaps!

SJ

[battlebus2] 15/3/2013 16:34

Not selling but buying, plenty of value for another company to purchase imv.

[greedfear] 15/3/2013 13:56

Any people around here that still have to sell?

[joe say] 12/3/2013 10:07

Me too - an absolute shambles of a company considering the favourables the economy has granted it.

[greedfear] 11/3/2013 15:52

empirestate- I would appreciate you sharing David's reply in his own words with me. Cheers!

[34simon] 11/3/2013 14:38

Loverat

Another stock from your new friends on topinfo thread that has lost all it's
value or most.

[loverat] 11/3/2013 14:34

Another AIM disaster zone.

Management names noted for future. I think the best way to view AIM management is just assume they are all awful like these and go from there.

[empirestate] 11/3/2013 14:16

and David replied and reading between the lines it say's '' i don't give a *uck about u lot'', that was my take on it anyway. sold out for a 90% loss this a.m., useless bunch of *ankers.

[empirestate] 10/3/2013 01:23

GHF, yes, just for the heck of it i'm going to send david mond a short email of what i think of them, should make me feel better.

[liarspoker] 08/3/2013 15:26

I hold Just Car Clinics which I purchased in October, 2011 just after the delisting announcement. I paid around 2 times 5 year average PTP for the shares. Probably a pain to sell but I haven't tried. I think of them as a perpetual bond since my dividend is nearly 12% p/a. Interim & final results are released and you can view them on the company website.

[greedfear] 08/3/2013 15:14

All loans can be repaid in a year or so from current cash and future cash flow.

I do think dividend payments will happen if and when possible because it's more or less a family owned business.

Also I would like to think that the main shareholder is not after leaving other shareholders empty handed as that would imply he'll has to (financially) damage his family too.

If the price is low enough I'm a buyer, but (I like to believe) I'm no fool and will dispose (some) if share price rises high enough.

Frankly, at the moment I do not care what direction the share price will take.

[pugg1ey] 08/3/2013 11:46

I remember holding Accuma group and they did the same thing but the Shareholders got paid a premium to the share price at the time. And a year later this happened.


Wonder if CLEA will go the same way....after all I guess David could call his loans in at any time?

[pugg1ey] 08/3/2013 11:37

but if you think it is good value go for it

[pugg1ey] 08/3/2013 11:35

fair point. Never held any delisted shares so I wonder if anybody has had any success.... but dividends look like they'll be a while yet with all those 'loans'

[greedfear] 08/3/2013 11:32

??? I'll be one of the private holders then.

People thinking they'll be left out once delisted should not buy.

[greedfear] 08/3/2013 11:14

I'm willing to take a gamble here.
It looks like the company can generate 1-1.5 net cash yearly.
So that's 0.3-0.5p per share yearly.

I can see divided payments of somewhere between 0.15-0.3p yearly.
It is a "family" business and I believe members would like to get dividends once the convertible loan has been repaid etc.

No div's this year obviously but maybe next year.

What would one pay for a company with yearly dividends of 0.15-0.3p?

Let's say 5x, or 0.75-1.5p.

I'll discount 50% on that because of several uncertainties, so 0.375-0.75p.

Buiding in a further 'marging of safety' I'll be a buyer at ??? or less.

For 'investors' not caring about CLEA being unlisted in future it sure is something to look at.
(Being unlisted doesn't mean it will be untradable as the company intend to review on an ongoing basis whether they can facilitate trading on a matched bargain basis).

[glasshalfull] 07/3/2013 16:58

Run by management for management...looks like my warning & observations last year had considerable substance. Thought they could have least made an offer for the outstanding shares. Alarms bells and sirens were sounding to me.

Commiserations to any holders here & worth remembering the Directors involved in this enterprise should they ever come to market in any other guise.

Regards
GHF

[greedfear] 07/3/2013 15:13

Any thoughts? Must say as I'm kind of a risk seeker and don't mind delistings it's on my buy list now. So I would welcome disposals of holdings here.

Only risk as far as I'm concerned is in the convertible otherwise CLEA is a very nice cash generative outfit.