Debtmatters Share Discussion Threads

[profiting] 21/12/2007 21:50

Better than expected results proven by the price move but what I don't understand is why the narket cap is only £3.8m when they have reserves of circa £16m and retained earnings of over £7m. Appears that the drop in price is overdone and would now expect a re-rating.Additionally sector must be due for consolidation.Aimho

[jdschwartz] 21/12/2007 17:30

I was going to say the same thing twenty!

Lets hope growth stays at around 15 to 20% on loanmakers, and after all, they have the staff to cope with that growth(and some) now the iva business is shot.

Loss making ought to be well under control by now if the bosses are worth their salt.
In fact I was hoping a director would buy today or soon, that would give/have given a bit of confidence to new and existing shareholders.Perhaps they cant because of takeover rules as they are in discussions etc. as they have said.I HOPE THEY DO NOT GET TAKEN OUT UNTIL THEY HAVE RECOVERED TO BE HONEST AS I COULD SEE THIS BEING A TEN BAGGER IN A COUPLE OF YEARS IF THEY PLAY THEIR CARDS RIGHT.
I missed out on a ten bagger in 2003 with EVT(see my posts pre rocket!)I had 10k worth but I sold out when newsflow got quiet and used the money to put towards moving house when, with a view of buying back in once things had settled down. The trouble is if I had held them(at 1.5p I could have paid the mortgage OFF by selling them for 15p. a few months later.Mind you, when they doubled i probably would have thought about selling, as you do. Thats always the hard bit, knowing when to take profits.

I am looking for a p/e ratio minimum of 10 to be conservative and realistically if review is good 12 to 15x loanmakers profit by end of jan. Some may value this co. purely on loanmakers current profit without their potential. In fact I am looking for debmatters to be rebranded as "Loanmakers" to show shareholders where the money is coming from now(they could still do the odd I.V.A. on the side perhaps. These shares would then experience reratings by all analysts and investors.
Thet need to capture a good chunk of the credit crunch hangover business expected next year.
This could be attractive as a good short term/medium and long term punt and not many others have recognised it yet. Might top up next week but probably too late at these prices now.
I await shares mags comments as they have done before.

[twentyoneeleven] 21/12/2007 10:08

Perhaps you might like to actually read the RNS Shanks?

"By contrast, Loanmakers has continued to grow in line with expectations.
Although there has been a great deal of negative comment surrounding the "credit
crunch," Loanmakers has thus far been relatively unaffected. Its customers
typically have credit ratings nearer to "prime" than many other secured loan
brokers and we have therefore been less affected by the tightening of credit
criteria and availability of funds than our competitors. Consequently,
Loanmakers' results for the period have been excellent and in line with our
expectations."

[shanksaj] 21/12/2007 09:51

The quality of the loans is an issue. Loans are only profitable if you get the whole loan paid off at the end of the loan period. I would say the possiblity of defaults is very likely. Who is Debtmatters lending to? The likelihood is they are lending to low credit worthy borrowers.. people who contacted Debtmatter sin the first place because they were in financial difficulties. Has there been some aggressive accounting going on here??

[mrphil] 21/12/2007 09:11

I reckon their total exit from iva's was priced in to the sp, so to see they are still moving forward with them is a great bonus imho. Guess we'll have to wait and see what positive news the update brings next month.

[twentyoneeleven] 21/12/2007 08:50

The fall in the number of IVAs processed this year was already priced in to the share price With Loanmakers performing well and reports of a resolution between creditors and the IVA industry with regards to fees, I can see that side of things taking off again in 2008. Onwards and upwards from here IMO.

[mrphil] 21/12/2007 08:19

Nice surprise to see the results this morning, especially as they still show a profit!

[ihavenoclue] 18/12/2007 22:40

TOPINFO - 15 Dec'07 - 12:07 - 2977 of 2978


What a mess they have made of this. I kept looking at getting back in but just when you think it cant go any lower, it does.!!!

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

LOL TOP ... i know just what you mean ... at least you didn't buy JRVS ... waiting for 9p ? May get it before the end of the year.

[mrphil] 18/12/2007 15:26

Bit disappointed the FD didn't bother ringing me back.

[topinfo] 15/12/2007 12:07

What a mess they have made of this. I kept looking at getting back in but just when you think it cant go any lower, it does.!!!

[smashingguy] 15/12/2007 11:46

Must be doing no loan business in present climate.

My Target: 4p

Cheers

Colin

[pork belly] 14/12/2007 09:45

nope, sorry.

;0)

[mrphil] 14/12/2007 09:44

Interim results now due out in January if anyone's interested.

[william47] 07/12/2007 08:53

tick up coming buy limits cut to 50k from 75k.l2 2v2 all blue

[william47] 07/12/2007 08:36

i expect loads of press over the weekend as this sector will now become very attractive again.considering the fall from 135p when iva,s are only a third of its business this is a steal.iva,s now sorted expect an rns and a trading update.it will be rocket time,

[william47] 07/12/2007 08:12

when will pi,s waken up iva have been sorted fees back on track,consolidation in the market will now move fast.DEBT IS UP FOR SALE.40-50P

[jailbird] 06/12/2007 17:25

clea's RNS today.

[laf] 06/12/2007 17:22

jailbird - 6 Dec'07 - 15:53 - 2966 of 2968

where did you copy this from?

[william47] 06/12/2007 16:09

one almight retrace when they officialy release an rns saying they have now agreed fee,s with the banks.hold on tight.i see CLEA have released the outcome.

[william47] 06/12/2007 15:55

very good news on the cva protacol.this baby should rise from here.excellent

[jailbird] 06/12/2007 15:53

DRF Hails New IVA Protocol



O All parties agree on new IVA protocols

O Future secure for IVA as a debt management product

O Indebted consumers to benefit from secure new working arrangements

O All parties committed to work together for good of industry



The Debt Resolution Forum (DRF), representing 28 of the UK's leading debt
resolution firms, today welcomed the new working protocols agreed by an all
party committee on IVA's, which includes: DRF, British Bankers Association, The
UK Government's Insolvency Service and professional bodies from the accountancy
and insolvency practitioner industries.



The new protocol will enable severely indebted consumers to access effective
debt resolution advice and products such as the Individual Voluntary Arrangement
(IVA). The protocols follow a year of intense negotiations between all parties



Commenting, DRF chairman, Chris Holmes, said:



"We have all worked very hard to ensure that an equitable solution can be
reached. I believe it is now fair to say that the "creditor strike" has been
ended and that there will be an increasing flow of IVA's agreed as we move
through 2008. The agreement looks likely to come into force from February, but
we believe many on both sides will be working towards protocol compliant IVAs
from today.



"We have achieved an agreement to improve standards, increase transparency,
reduce process and allow greater access for debtors to this crucial and
effective statutory solution to financial crises.



"The real winners from this deal are not the banks, who will earn more income,
or the IVA providers, who will also benefit from this deal but is the UK's
society and economy, which we believe will greatly benefit from this move".



Speaking of the meeting, chair of DRF's standards' committee, David Mond, said:



"A key issue, that of creditor practices that limit access to IVAs was hard
fought - but there appears now to be a clear commitment on the part of the
British Bankers Association to the ultimate removal of hurdle rates and other
preconditions: I believe DRF members will do all they can to ensure IVA
proposals are compliant to the new protocol and to ensure creditor actions and
practices are accurately recorded to ensure things move swiftly in this area.

[mrphil] 03/12/2007 09:44

Does anyone know when the interim results are likely to be announced? Should include update of the strategic review so maybe that has delayed them?

[pork belly] 29/11/2007 09:20

shut-up you lot. thers just no stopping you when you all get going.