Debt Free Direct Share Discussion Threads

[diogenesj] 19/1/2007 23:32

Office of Fair Trading investigation into a number of IVA providers (unnamed) perhaps a more likely reason.

[chris coxon] 19/1/2007 19:43

One reason for fall today, report lunchtime that we have all spent less on plastic this Xmas. Find that so hard to believe IMHO.

[sahara] 19/1/2007 10:29

See the break of the recent resistance, along with the break of the previous resistance and the takeout of the prior high depicted with the horizontal line, which gives us support at 502.



S.

[sahara] 19/1/2007 09:58

Intersting \article, we could do with a crackdown on some of the more scrupulous proponents of this industry. I'm sure it will be to our benefit.

Fears increasing too for another increase in the base rate maybe as early as next month.

S.

[prankster2] 18/1/2007 11:17

I've sold all mine again for another decent bit of profit, as it looks to be taking a breather, will get back in if it pulls back, if it does not, I can't complain, I've made profit on it twice in a short space of time.

[sahara] 17/1/2007 19:51

Bial- I take your point, and couldn't agree more, As you rightly state, 'Retail Price Index at 4.4%' more of a real inflation indicator than the grossly misrepresented CPI.

I like the way Gordon Brown managed to be out of the country at the right time, and seeing Tony Blair squirm when trying to passify us that its all down to the high oil price. Which, as we well know, is in a steep downtrend. Somehow Brown has failed to notify Blair of that fact yet... Probably because of the extra tax Brown levied on it in November.

S.

[mr kingsley2] 17/1/2007 16:59

Bialystock

Youve got it spot on.This share is a no brainer along with Debtmatters and Begbies.I live near the headquarters and have contact with a couple of the IP and things are going realy well.

[sahara] 17/1/2007 12:54

With interest rates likely to go up again, maybe in March, and Inflation at it's highest levels in what 15 years? Large sections of the population up to their ears in debt. Can only add fuel to the share price here.

Unless I'm missing something!

S.

[diogenesj] 16/1/2007 14:54

Looking cheap, as they have done for some time, and seem to be on the way back up again. I've bought a few again (but nothing like as many as I had before).

[mr kingsley2] 15/1/2007 10:56

Cottlet I believe students need to be responsible for there own actions like your son and not have the easy route of going bankrupt and having a gap year away and comming back to a relatively clean bill of wealth

[cottlet] 14/1/2007 20:53

My soin ran up a debt of £20,000 as a student. He finally it off when he was 28, He is lucky he earned enough to pay it off. How can these youngsters afford to get on the property ladder with a start in their working lives like that?

[blindfaith2] 12/1/2007 16:45

Yep, another fair point.

I listened to the Jeremy Vine show on radio 2 today ( although I don't like JV ) and they had a section on personal debts and the guy who was answering questions told listeners to steer well clear of IVA company's and go instead to CAB etc. I can understand this point of view but many of these people are so far in they have no chance of escape. Unbeknown to me my son who is in his early twenties ran up a £13K CC debt before he owned up and asked for help. All he was doing was borrowing more just to pay the minimum payment and interest and getting in deeper and deeper.

It's a shocking state some youngsters are getting into and I have no sympathy whatsoever with the banks if they have to take an occasional hit with some lenders who should never have been leant the money in the first place.

[sahara] 12/1/2007 15:42

Blindfaith2 - this will be a difficult time for sure.

But the main thrust will come around March and April time, when I know that a lot of Discounted/Fixed mortgages will come to the end of the discounted/fixed period. which will not only mean that the debtor will have to pay the full rate but will also have to add the increases in interest rates since the mortgage was taken out for those that had the fixed option.

And quite frankly from first hand knowledge some of those unsuspecting individuals will find themselves and their finances in an extremely challenging and difficult predicament.

S.

[blindfaith2] 12/1/2007 13:29

sahara > I guess you are right, the telling time will be when the credit card statements arrive around the 3rd week of January.

[sahara] 12/1/2007 10:58

Probably the reaction of yesterdays interest rate hike by the BoE,... will definitely cause a lot of debt burdened individuals further strain on repaying their debts.

Which in turn means more lucrative business for the IVA providers such as DFD. Plus the positive broker recommendations over the last few days.

Nice to see us break above previous peak.

6.00 loomin large on the horizon.

S.

[blindfaith2] 12/1/2007 10:02

Whats on today then ?

[sahara] 11/1/2007 19:41

Nice to see Daniel Stewart reiterate its buy Rrrecommendation with 600p target.

S.

[pogue] 10/1/2007 16:56

Baily
yes it was the pub comp. I choose DEBT over DFD for the comp as it's got more potential, I feel DFD being the leader and having the highest P/E has got less room to go up so for a comp you want one that has the higher possibility of large growth. Long term DFD is the safer bet as it is the one most press articles etc quote so it's will get alot of business but DEBT could catch it and that would make it a nice multibagger.
I bought back into DFD last week after bailing out, at a very small profit, whilst it took it's recent tumble I had averaged down on ACG and DEBT.
Pogue AKA Youfoolishboy

[bialystock] 10/1/2007 16:47

Sahara,

Thanks for your kind words, and if I had a quid every time somebody assumed I already was a journalist I wouldn't need to be one. As you have just been informed, I write mostly on TMF on the property markets and trends board, but there are much better stock pickers over there than me, with these IVA companies, which I fancied 18 months ago when nobody else did being perhaps an exception. I am mostly interested in gold and oil at present but remain as wary of the stock market in 07, as I have been for the property market for some time.



pogue,
(you pogue in the other place too ?)

Is that your entry for the current competition in the pub ? Any strong reasons for preferring DEBT over DFD ? Sorry if there's an IVA company debate over there that I missed, I try to keep an eye out for it. Anyway, I've plumped for the market leader for now, but any further pullbacks in DEBT could lure me in there too, although some posters on the DEBT board feel that's destined to become the new market leader anyway.

[pogue] 10/1/2007 15:36

Baily
the posters on TMF who have promoted fervently DEBT was only one and it was me!
It was my competition entry therefore hardly a massive ramp and I believe that the P/E ratio difference will in the end level up (or down) so DEBT has more potential on paper just what you want for a competition entry. I posted once with a couple of follow up answers to queries on the same 8 or so post thread. A little bit of exaggeration on your part I feel.
Pogue

Sahara
if you wish to read other reports from Baily the Property Market and Trends Board on TMF has a large library of them. All in a similar vein as above.

[sahara] 10/1/2007 15:06

Bialystock - What a well put together piece! You are obviously of the minority here as you have intimated by the above.

I like your simple yet profound personal and individual approach. You obviously do a wee bit more research before jumping into an investment, I would also like to know what else you are buying into at present. If I may be so bold to ask?

S.

PS; Ever thought of becoming a stockmarket journalist?... If not maybe you should.

S.

[bialystock] 10/1/2007 14:43

I first threw up the IVA companies for discussion on TMF around the time of the DEBT and ACG flotations, in order to garner opinion and direction from my fellow posters there, many of whom are highly accomplished amateur share analysts. The overwhelming opinion was that I was looking at overpriced rubbish whereafter I, in spite of my deeply held convictions concerning the country's looming debt disaster and housing bubble, left well alone and the shares promptly doubled and tripled.

The recent pullback has offered IMHO, another opportunity to get belatedly on board, and would seem to have come about firstly by perhaps simply getting too far ahead of themselves and also as a result of some foot stomping from the banks, who surprise surprise, are unhappy about having to shoulder not just the blame, but some of the pain as well from their absurdly proligate lending policies, whereby anyone with a pulse and an ability to scrawl a cross has been advanced as much wedge as they wanted.

I waited and waited to see what the banks might be able to bring to bear in order to swing the advantage their way, but have concluded that in the final analysis, they're really not going to get much in the way of satisfaction here and the furrow that DFD began ploughing in which the others have followed, is just going to get bigger and will continue on for longer and the reason is I believe, most likely political.

As powerful as the banks are, if the government wants IVA's to remain in their present form, or pretty much close to it, then that's the way they'll stay. Governments, and in particular within our government the Chancer of the Exchequer Bubbles Brown, love asset price bubbles. They make the plebs feel rich and they can take all the credit for it, as is the case with Gordon Brown who has managed to convince millions of his fellow citizens that he has somehow worked an economic miracle as opposed to a good old fashioned credit fuelled housing and debt bubble. If anyone is going to support the notion of the banks sharing in the picking up of the tab, then it has to be President Tone's soon to be successor, with his thinly disguised capitalist credentials so easily tarnished by his holier than thou old fashioned socialism.

In fact I'm sure he and his sidekick, Ed Ballsuptheeconomy regard the IVA solution to mopping up the debt binge using a system whereby the banks actually volunteer to eat their own vomit, as another one of their oh so clever financially engineered wheezes behind that incredible miracle economy of theirs. One fundamental aspect to IVA's which implies any lack of government interference IMHO, is the fact that people are left in their homes. This I regard as highly significant as overvalued property and the humungous mound of mortgages which supports it has been the underpinning of the economy and the key to claims of miracle work by he who promised to deliver an end to boom and bust, but who managed to accomplish the precise opposite.

A solution that on the surface at least, offers the hope of ushering in the universally coveted gentle slowdown by forcing lenders to share in the pain AND avoid a flood of repossessed properties hitting the market just when Brown wants to use his two year window as P.M. to prepare the ground for a full term, is one that is not going to get removed by government just when it's working so well for them, regardless of how loud the squeals are from capitalist pig bankers.

So......at the risk of watching it all run away again, I took some DFD last week @ 458. Why DFD ? Difficult really, not least because the 3 main IVA shares seem to still pass under the radar at TMF and aren't that heavily discussed here either, but being the market leader has to carry a lot of significance, particularly if there is some form of albeit lightweight regulation lurking round the corner. Accuma seemed to have fallen the furthest and DEBT has been promoted fervently by some posters on that board but to the best of my knowledge while the p/e might still be a bit weighty, there is no debt with DFD, expansion into Australia, a dividend, and first mover advantage.

At the end of the day, the debt mountain remains the elephant in the room of the British economy and it's much more likely to get worse, probably a lot worse, before it gets any better. The widely anticipated rate hike next month will once again focus attention on the unsustainability of the debt mountain, the IVA's which will continue to play a major role in its resolution, and companies like DFD benefitting from free publicity every time the subject is brought up. It's rather telling and extremely sad that this kind of business should manifest itself as a 21st century growth industry, but that really is about the long and the short of it and there looks like a hell of a long way to go yet.


Bialystock

[farmers son] 10/1/2007 10:14

Reiterated 'Buy' rating from Altium this morning; target px 550p