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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Debt Free Dir. | DFD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 175.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 175.50 | 175.50 |
| Top Posts |
|---|
Posted at 31/10/2007 16:44 by felix99 its a short not a long Sandbank so save your cash. I am just struggling to see what it will be - I can only assume its IVA nominee fees that are crystallised on passing of the IVA but might take 6-12 months to collect. So either they are doing a hell of a lot of IVA's - I think not or at least its slowing down a lot - and the new regime is effectively to have 5 months payment outstanding going forward. So to me it must be a lot fo old cases with big IVA nom fees being paid on the dribble. Thnig you have to remember is that actually a recession is probably worst thing for an IVA company. If peeps lose their jobs then the IVA is shafted and DFD can have a nice big write off. At least ClearDebt insure the fees via an unemployment / sickness policy. Costs 3% or so I think but it guarantees their fees pretty much |
Posted at 14/10/2007 19:00 by tenapen Thanks kristini2,I do not know about shorting but i wish to go long on DFD. I have yet to buy so if the share price was to go down further more shares for me. Thanks and good luck. |
Posted at 08/10/2007 13:25 by bigbobjoylove "DFD will not tell us the run-rate in the second half of the year and itseems to be a number that they are running away from," an analyst at UK broker told Thomson Financial News." creek creek. |
Posted at 08/10/2007 13:24 by bigbobjoylove """DFD will not tell us the run-rate in the second half of the year and itseems to be a number that they are running away from," an analyst at UK broker told Thomson Financial News."" yes, vastly increased costs. Yeah i'd go long of these, lol, see you down past 125p shortly. |
Posted at 01/10/2007 20:52 by simon cawkwell Gentlemen,Correct if I am wrong but DEBT cancelled their advertising programme since its cost per case generated was not recovered by the fees from work. Why should DFD be any different? Further, the vast bulk of work for these IVA companies can only have been generated by advertising. That is yet another reason why I think it is kaput for DFD. I expect there was short closing today and wild guesses on the long tack. But all that has happened has been to offer shorters another bite of the cake. Simon Cawkwell |
Posted at 18/8/2007 15:08 by nobel2005 JonC your analysis on the numbers is correct,but the premium paid is because the potential size of this market is huge.It's an enormously immature market as well,and also DFD is considered a blue chip in comparision to it's peers.Sadly I hold ACG,which I'm pretty sure will come good.Good luck to dfd holders. |
Posted at 18/8/2007 11:43 by sat69 Jon, Thankfully, Hanover don't share your view and picked up a few mill last week at around 290p!There is an article in todays FT reporting their increased shareholding to 18% of the company. It goes on to say that Hanover has an excellent record of working with public companies, helping them to implement profit-enhancing strategies and deliver significant growth. Diogenes, I love your 'game on' example Hanover -v- Cawkie! Just to amend it slightly if I may, as DFD are soon to start their share buyback programme of 4.5 mill shares, it should read... Hanover + DFD -v- Cawkie Further, I don't believe Hanover will stop at 18%, and will be looking to add, possibly as early as next week. I know which side I'd rather be on. sat |
Posted at 07/8/2007 23:07 by sat69 And I'll be getting a nice divi next week....Is that why short sellers are closing their positions?RNS Number:6437B Debt Free Direct Group PLC 07 August 2007 DEBT FREE DIRECT GROUP PLC DIVIDEND DECLARATION Further to the resolutions passed at the Company's AGM on 3 August 2007 in respect of the payment of a final dividend of 3p per share, the Company is pleased to announce the dividend will be paid on 7 September 2007 to all those on the Company's register at the close of business on 17 August 2007. The shares will trade ex-dividend from 15 August 2007. |
Posted at 26/6/2007 07:59 by mike61 Although the figures are up as anticipated for the year, the trading at the end of the period and into the 2008 year seems to be down.IVA runrate seems to have dropped from 536 per month in the first half to 386 per month in the second half, whilst advertising and other costs have increased. Market share is down, showing a greater number of competitors. With the uncertainty in the market due to the attitude of the creditor banks, and the bad publicity, DFD is facing a reduction in new business turnover with fees being linked to performance, rather than the current fee situation where the IVA provider takes their money upfront. Whilst this is being sorted out, DFD will rely on their bank of 10,000 IVA cases which will provide, I estimate, some £8mln/£9mln per annum for the next 4+ years. This compares with about £24mln for the IVA business in the current year, i.e. a substantial drop. Obviously, some competitors will disappear, and, once the creditor situation is sorted out at some time in the future (maybe in 2008), DFD should remain one of the main players. Today, they have announced they have cleared one of their competitors, Clear Start, out of the marketplace by acquisition. But this means they have taken on debt to do it. |
Posted at 25/10/2006 16:30 by silverthread ARA500 - Although DFD is on a higher PE than competitors, there are several things that one could argue justifies this premium: 1) DFD offers a dividend; 2) DFD is longer established in the market (originally formed in 1997); 3) DFD is more than three times bigger than its nearest competitor; 4) DFD has launched in Australia 5) DFD is clearly seen as the market leader, with a professional approach to dealing with individuals and creditors (DFD is taking the lead in discussions with the banks); 6) The IVA market growth is accelerating (all will gain, but the bigger, more established player stands the best chance of capitalising); 7) DFD has a track record of several years profitable growth (some of its competitors have yet to report even one year's performance). 8) DFD has attracted buying interest from investment houses because of its size and track record. DFD is not the only company that will gain from the IVA marketplace. For sure others will, too. FWIW personally I feel DFD is the safer option and the one most likely to deliver good returns. But please DYOR. |
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