ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

DEBT Debtmatters

7.26
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Debtmatters LSE:DEBT London Ordinary Share GB00B09HB648 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.26 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Debtmatters Share Discussion Threads

Showing 3526 to 3544 of 3750 messages
Chat Pages: 150  149  148  147  146  145  144  143  142  141  140  139  Older
DateSubjectAuthorDiscuss
29/11/2007
09:06
Takeover Panel - Disclosure Table
29 November 2007


OFFEREE: Debtmatters Group Plc
10p ordinary.....ISIN: GB00B09HB648.....NSI: 31,071,499
OFFEROR: No named offeror

pork belly
07/11/2007
12:40
I am guessing what the next news will be????

something alog these lines


"Trading update -

In light of the uncertainty in the mortgage broker industry, ........"

smashingguy
03/11/2007
13:56
From The Times
November 3, 2007

'Cracks appearing' as bankruptcies rise
Grainne Gilmore and Gabriel Rozenberg

The number of consumers becoming insolvent is expected to soar next year after figures published yesterday showed rising bankruptcies and a fall in the use of arrangements to avoid going bust.

Personal insolvencies overall fell in the third quarter by 3 per cent, and were 5 per cent lower than a year ago at 26,072, data from the Government's Insolvency Service showed.

However, accountants said that the figures disguised the problems that are set to emerge in the consumer credit market, which will give people fewer means of combatting debt.

Individual voluntary arangements (IVAs), a form of insolvency that has gained popularity over the past decade, dropped by 14 per cent year-on-year. But the decline comes in the aftermath of an industry-wide squeeze by banks on IVA providers.

Steve Treharne, of KPMG, the accountant, said: "This is really a lull in the storm. The traditional ways that people can delay the impact of money worries such as a new credit card or a second charge on their home are gradually being closed off as a result of the credit crunch. This is now a plateau, but all the indicators are that consumers are in for a rough ride."

IVAs, which allow debtors to freeze and sometimes reduce their debt while paying off a manageable sum each month, have been affected by a dispute between creditors and IVA companies. Some creditors believe the fees charged by IVA companies are too high, and have rejected large numbers of IVA applications. Nearly one in five IVA applications are rejected.

Several insolvency operators, including Debt Free Direct, the market leader, have been forced to issue profit warnings this year as banks withdraw their support.

John Hall, chief executive of personal debt solutions provider new-tomorrow.com, said: "These figures aren't surprising and the underlying position is much worse than the figures suggest.

"There is a dam waiting to burst and the cracks are starting to appear. The reason the figures are not higher still is that lenders are making it more difficult for their customers to put a voluntary debt solution in place by insisting on unachievable repayment levels, resulting in significantly more house repossessions."

Mr Treharne said: "According to the Council of Mortgage Lenders, the number of property repossessions is likely to rise by 50 per cent in 2008. If people struggling with debt lose their home they often give up and either go bankrupt or enter into an IVA."

Although personal bankruptcies were down by 3 per cent in the third quarter compared with the previous three months, they rose by 2.2 per cent from a year earlier. Some 111,359 people went into bankruptcy or entered into an IVA in the year to the end of September, up 13 per cent year-on-year. Other data showed that about 3,100 companies went into liquidation in the third quarter of this year, nearly 3 per cent down on the number of company liquidations in the same period last year. The number of compulsory liquidations fell by 4 per cent, while voluntary liquidations fell by 2 per cent.

Mike Jervis, partner in the Business Recovery Services practice at PricewaterhouseCoopers, said: "Credit has been readily available to corporates until this summer and the downward trend in corporate insolvencies reflects this. However, while companies have so far avoided formal insolvency, less creditworthy corporates are finding that it is increasingly difficult to borrow at affordable rates in the current climate. There is still uncertainty as to how many businesses will fail as a result of the more restrictive credit environment."

Ministry of Justice figures showed housing possession orders rose in the third quarter, to 23,800 from 23,000.

twentyoneeleven
03/11/2007
09:47
Anyone know how much cash is left after any expected redundancies on the IVA side?
smashingguy
03/11/2007
09:26
I am sure a few IVA companies will survive till the fee structure has been arranged and go on to operate quite profitably ... but which ones ? I know which ones i would put my money on .. any opinions ?
ihavenoclue
02/11/2007
07:47
Debt Free Direct hopeful on fee talks
Thu 01 Nov 2007

LONDON (SHARECAST) - Personal debt consultant Debt Free Direct expects a satisfactory outcome with its discussion with banks and other lenders over the level of fees it gets for arranging IVAs.

"We continue to be in dialogue with creditors regarding fee levels and, crucially, the appropriate access for debtors to the IVA process. We remain confident of achieving a satisfactory outcome from these discussions and expect to update shareholders further at, or before, the time of our interim results announcement," the company said in a statement.

Debt Free will also provide a strategy update with its interim results, it added.

pork belly
30/10/2007
09:48
Just bought a few @ 17p I think 13p is the bottom for this stock and if it goes closer to that I will be adding in bigger volumes. It will probably report lower profits but not low enough for the hit it has taken IMHO.

Other units are performing well, I don't think the IVA unit problem is as bad as has been priced in.

Lots of management commitment, could take a month to get above 24 but once we are through that I can see this closing the year in the 40-60p range and advancing to £2+ in 2008.

Good luck if you are long.

brennymcl
28/10/2007
09:10
unadkat - 8 Jul'05 - 14:22 - 21 of 2951

Just hope the share price stays put until Tuesday next week when I will have the funds to top up.


hope you didnt lol....

pro_better
27/10/2007
13:15
All I can say is that it would be a very high risk punt, cawainw.
diogenesj
26/10/2007
18:18
I'm thinking of getting some more but would appreciate advice.
cawainw
26/10/2007
15:19
SmashingGuy - 26 Oct'07 - 08:05 - 2946 of 2947 (Filtered)
diogenesj
26/10/2007
08:00
Why are you now quoting passages from this mroning's "Elephant Loans & Mortgages" RNS on here now SG? Shall I post a few pages of my kid's Mr Men books as well?
twentyoneeleven
26/10/2007
07:05
The difficulties in both the sub-prime mortgage and individual voluntary arrangement ("IVA") sectors have been well documented and over the last few months, there has been a substantial realignment of mortgage and loan products in the sub-prime sector. Several lenders have withdrawn from the market and others have tightened their underwriting criteria, principally, lowering maximum loan-to-value lending levels and raising interest rates. In the prime sector too,lenders have tightened their underwriting criteria. This has had the effect of pushing many previously prime lending clients towards sub-prime lenders.

Target for this is 9p imho.

smashingguy
23/10/2007
12:26
ACG doing nicely today ... well done Sunday Times for saying sell at 21p ... would be nice to see some movement upwards here too
ihavenoclue
22/10/2007
19:02
Add/Buy.

IHNC

ihavenoclue
22/10/2007
09:21
I was waiting for the doom and gloom merchants to arrive but DEBT seems to be picking back up nicely .. would be nice to end the day blue.
ihavenoclue
22/10/2007
08:54
why do we need to Avoid QP ?

What have QP's ever done to us ??

Sounds like discrimation against QP's to me.

pork belly
22/10/2007
06:51
Avoid.

QP

quepassa
20/10/2007
15:03
useful comment BA5 is that good dog or bad dog?
hosede
Chat Pages: 150  149  148  147  146  145  144  143  142  141  140  139  Older

Your Recent History

Delayed Upgrade Clock