Debtmatters Share Discussion Threads

[hi2eddie] 12/10/2007 14:33

scap feeding the market.... keep an eye out

[wookie77] 12/10/2007 14:31

Alright. I got a "couple" purely as im a gambling man...

[william47] 12/10/2007 14:27

well posted pork belly way oversold and highly undervalued no gamble here take-out 100+ a matter of when.

[pork belly] 12/10/2007 14:27

the point being that this does have take-over potential, empasised by yestedays ACG bid approach by several bidders (not just one) and the fact that everyone has known, all year long, that the IVA industry is ripe for consolidation.

Its just a gamble to see who the winners are.

[hi2eddie] 12/10/2007 14:26

and the buying continues

[pork belly] 12/10/2007 14:25

IMPRIMA2

which is why i also said "But DEBT do still owe a good sum of money so this is still very risk.....seems like a reasonable gamble, albeit only with money you can afford to lose."

[imprima2] 12/10/2007 14:23

No it doesnt stack up. Market cap is £7m already and lot of deferred still to pay on the loan business. Cant see much of a premium here.

And subprime lending is being shut down.

[hlum] 12/10/2007 14:13

If Accuma has had several bidding approaches, one will win and the rest would look eleswhere, ie go for Debtmatters. And as the shares mag above says, debtmatters is a strong candidate given its share price is too low. no brainer there.

[wookie77] 12/10/2007 14:03

Each to there own, but looks like mms are trying to create a market off the back of it here.....

[pork belly] 12/10/2007 14:00

wookie,

of course it does.

if you know anytrhing at all about the IVA sector then you will know that many analysts have been saying all year long that this sector is ripe for consolidation leaving just a few players.

[william47] 12/10/2007 13:58

as i said loanmaker business is worth 109p alone.

[pork belly] 12/10/2007 13:58

and i'm still not sure which way this will go.

[wookie77] 12/10/2007 13:58

so what? That ACG not DEBT. Its like saying oh look theres a bid approach for Partygaming therefore Leisure and Gaming must be a buy...doesnt work like that.

[pork belly] 12/10/2007 13:57

From Shares Mag last week: "Tejwani, who fingers Debt Free Direct as a potential consolidator, earlier this week put a 100p take-out value on Debtmatters."....full article below:




Shares Mag article on DEBT:
Thursday, October 4, 2007


IVA downgrades

Investors are being warned to brace themselves for earnings downgrades from Individual Voluntary Arrangement (IVA) providers Debts.co.uk (DETS:AIM) and Debt Free Direct (DFD:AIM). This follows Monday's dire trading update from Debtmatters (DEBT:AIM).

Debtmatters warned it 'may no longer be able to deliver IVAs profitably.' A strategic review is underway and management admits a sale is being considered. This follows a continued tightening in terms from borrowers who object to fee levels taken by IVA providers.

Roger Tejwani, analyst at Debt Free Direct's house broker Numis, says: 'We flag the downgrade potential at November's interims.' Meanwhile, Gerald Farr of Debts.co.uk's broker Seymour Pierce warns 'revenue numbers are probably a little high' for the £16 million cap.

Debtmatters plunged 70% on the day of its profit warning and has since fallen further to an all-time low of 16.75p. Tejwani, who fingers Debt Free Direct as a potential consolidator, earlier this week put a 100p take-out value on Debtmatters.

Shares says: Debt Free Direct and Debts.co.uk will eventually recover. Debtmatters offers a take out opportunity. SK

HOLD Debt Free Direct, Debts.co.uk

BUY Debtmatters

[topinfo] 12/10/2007 13:57

Dont panic Guys, just a tree shake.

[pork belly] 12/10/2007 13:57

Sharecast - 11 Oct 07 TheMysteron


LONDON (SHARECAST) - Shares in personal debt consultant Accuma shot ahead as it confirmed that it has received a number of approaches which may or may not lead to an offer. The group said that discussions are at an early stage.

Accuma has issued two profit warnings this year blamed on tougher competition and as banks tightening up on the number of personal insolvencies they agree to.

Earlier this month two of Accuma's rivals, Debtmatters and Debts.co.uk, warned of increased competition, a fall in the number of Individual Voluntary Arrangement's approved in the sector and reduced fee levels.

Accuma cautioned in August that tougher competition was hitting the number of IVA referrals it was seeing.

[pork belly] 12/10/2007 13:56

Accuma Group (ACG), another IVA company, issued this RNS yesterday confirming they have "received a number of approaches which may or may not lead to an offer for the entire issued share capital of Accuma." See their RNS:



They finished trading on Wed night at 20p/23p with only 7 trades that day.
By the end of Thursday they finished at 29p/32p with 123 trades...a near 50% one day.

[ihavenoclue] 12/10/2007 13:55

Yeah looks like speculation ... sells coming in now .. day traders taking their fill ....

[pre] 12/10/2007 13:54

whoops looks like some peeps got sucked into the rally:-(

[ihavenoclue] 12/10/2007 13:54

TOPINFO - 12 Oct'07 - 13:40 - 2811 of 2814


Here we go again, next leg up. Bid approach RNS to come like ACG.

===========================================

I might be wrong but i do not feel that is the case. I feel this is buyer pressure driven rather than leaked RNS driven. Yesterday ACG's price jumped approx 20% before the RNS and i feel that was the MM's rising it as the news had leaked.

This buying is on speculation of an offer being made here. For people who bought in here when no one else wanted to, like me buying sub 15p, if an offer is made this speculation is only helping boost the price.

Here's hoping.

Regards
IHNC

[william47] 12/10/2007 13:54

dont worry buy limits still onlt 5000 v sell 50000.mms need stock.

[jimibt] 12/10/2007 13:53

looks like i jinxed it there!!

[wookie77] 12/10/2007 13:53

What so you KNOW for a fact there will be a bid approach?

[topinfo] 12/10/2007 13:51

No need to ramp it.