Debtmatters Share Discussion Threads

[welshwiz] 02/10/2007 14:31

Mike
My thoughts exactly.
Acg have been on the radar for a couple of months and now Debt have been hammered down the numero uno in the industry(dfd)would be foolish if they didnt capitalise now on their demise.
Buying up their own shares when they could be taking out the competition?
If i were on the board i know where i would be spending shareholders money

[mikejah] 02/10/2007 14:17

Charles Stanley arent saying anything atm bcos they are doing the review.The whole sector is now in play and the synergies of putting ACG & DEBT together for example would be huge,particularly since they wld have £35m in fees from their past IVAs plus a very substantial loan operation,that would certainly make a £25m company,profits from the loan books would exceed £5m pa.

[welshwiz] 02/10/2007 13:47

Just topped up.
Market cap is way overdone.
Loanmakers alone is worth at least 3 times m/cap.
As a whole i would say Debt is worth 15-20mil To a competitor in its present form.

[ihavenoclue] 02/10/2007 13:46

mike .. ok my bad. Charles Stanley aren't saying much at present though ... are they ?

[mikejah] 02/10/2007 13:43

Incidentally Daniel Stewart are not DEBT's brokers,Charles Stanley are.

[double6] 02/10/2007 13:41

ihnc - well there's the tick up.

[mikejah] 02/10/2007 13:35

Wonder if Loanmakers directors will play similar part as Argo has in ACMH.They can get their business back for half what they were paid for it

[ihavenoclue] 02/10/2007 13:21

double .. i can see nothing but sells at present

[double6] 02/10/2007 13:18

Next step a tick up imho - online now 16.55/16.90.

[ihavenoclue] 02/10/2007 13:05

william .. refer to this from their broker

Daniel Stewart's view today (Monday 1st October)

"Our View - The business is in dire straits. Following the finals we reduced our PBT forecasts for 2008 by 29% and placed our target price and recommendation "Under Review". A very cheap sale is a possibility but run-off probably more likely. At the end of 2007 (March) the SHF's were £15.6m but Net Tangible Assets were actually -£1.5m.
Implications - Debtmatters generated lower revenues from its cases versus DFD and Accuma, c.£4,270 versus £7,000. This gives an indication as to why they cannot operate profitably under the new proposed fee structure. Expect share price weakness for the whole sector. We have downgraded forecasts for all companies heavily and believe that our numbers for DFD and ACG are achievable. However, there is huge uncertainty in the market and this is not likely to be resolved anytime soon."

[william47] 02/10/2007 12:47

no but the latest rns says they are considering a possible sale.35-40p is my value

[ihavenoclue] 02/10/2007 12:45

william47 - 2 Oct'07 - 09:50 - 2643 of 2652


market cap 5.18 million.RIPE.wont take long for this to be snapped up,to many companies doing this and they have said they would consider an offer.35-40p.imho

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where do you get the figure of 35 - 40p ? I have seen nothing from the company saying that. Also, according to Daniel Stewart, run-off is a LOT more likely than a takeover.

Regards
IHNC

[ihavenoclue] 02/10/2007 12:42

IMPRIMA2 - 2 Oct'07 - 11:45 - 2649 of 2651


all we need now is the directors to resign and accounts to be qualified...always the way

The investor tab on the website has been removed, they are now in breach of AIM rules

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No it hasn't been removed .... please get your facts straight.

[jtaylor3] 02/10/2007 12:27

Looks pretty grim, The share price isn't holding up, ive ducked out and will watch what happens.

[mrphil] 02/10/2007 11:49

Investor tab on their website is working perfectly OK on my computer, why do you say it has been removed IMPRIMA2?

EDIT: That's confusing, they have .co.uk & .com and you are right the link seems to have disappeared on the .com website but is working OK on the .co.uk site.

[imprima2] 02/10/2007 11:45

all we need now is the directors to resign and accounts to be qualified...always the way
The investor tab on the website has been removed, they are now in breach of AIM rules

[jtaylor3] 02/10/2007 11:08

Debtmatters pays 1.01 mln stg, issues 3.83 mln shares to vendors of Loanmakers


LONDON (Thomson Financial) - Debtmatters Group PLC said it has paid 1.01 mln
stg and issued 3.83 mln shares to Kevin Hindley and Tim Wheeldon, the
sellers of Loanmakers Holdings Ltd, in a deferred amount.
The provider of individual voluntary arrangements (IVA) said the cash amount
has been satisfied from its existing bank facilities.
Debtmatters said that, following the issue, Hindley and Wheeldon will have a
beneficial holding of 2.19 mln shares or 7.0 pct and 1.64 mln shares or 5.3 pct,
respectively, of the enlarged share capital.
The company announced the acquisition of Loanmakers Holdings, the
FSA-registered master broker and packager of secured loans, for up to 19 mln stg
in June 2006.


[e-mail]

[jtaylor3] 02/10/2007 09:58

I agree wiliam. The price looks firm, plenty of upside from here.

[ursamajorra] 02/10/2007 09:52

Do not click on the above link.

MALWARE.

[william47] 02/10/2007 09:50

market cap 5.18 million.RIPE.wont take long for this to be snapped up,to many companies doing this and they have said they would consider an offer.35-40p.imho

[william47] 02/10/2007 09:24

consolidation in the sector .PLENTY UPSIDE HERE.

[topinfo] 02/10/2007 09:16

Want to recoup some losses get into BLNX, look at the trading update just announced

[johndee] 02/10/2007 00:56

IVA's are history..........time for change now to a more informal way of managing debt.