Debtmatters Share Discussion Threads

[giant steps] 11/7/2008 13:59

10th July 2008


Extract

Freddie Mac has a loan portfolio of 1.5 trillion dollars and Fannie Mae's is over 700 billion. Together they own or guarantee some 5.2 trillion dollars in loans, or about 40 percent of the total value of home loans in the United States.

Together both firms have less than 90 billion dollars in capital reserves to ensure losses on more than five trillion dollars in mortgage debt

[giant steps] 11/7/2008 13:57

Links to debt stories

[hosede] 23/6/2008 13:41

Can't see it surviving long enough to bother MrPhil

[advfn_1] 13/6/2008 16:34

Is this still tradeable. hasnt moved up or down in a long time.

[mrphil] 19/5/2008 16:34

Nobody interested in starting a thread on LMH?

[jonno1] 30/4/2008 10:12

just bought a few CLEA, anyone left here? does everyone think this is dead? looks interesting to me...

[hsbcpremier] 11/4/2008 15:57

next chart stop 3p?

[notanewmember] 23/3/2008 18:45

The market believes people are so messed up they wont even be able to get IVAs.

[nobel2005] 23/3/2008 18:39

Are all the Iva cos a gonner now? thoughts welcome

[mrphil] 20/3/2008 15:37

Do I take it the new epic is LMH?

[billybigguns] 11/3/2008 14:33

Sector battered & continues to feel the squeeze. IVA, Debt Management, & Secured Loans all feeling the brunt. Any possible recovery???

[moob] 05/3/2008 19:39

the fd logs in to check debt's bank balance

[hosede] 25/2/2008 15:30

Yes the big one-off costs are the uncertainties - otherwise 6.4million for sale of the IVA book looks good compared to the 2.6m market cap. The only positive thing I think is that as the Co has grown very fast none of the staff being laid off will be due much in statutory redundancy costs

[energyi] 24/2/2008 01:52

CHART POINT - Situation Critical !
TURN or BREAK? : It looks like a big week is coming
=======================================

While listening to Tim Wood's comments on FSU this week,
I started browsing through various charts...
What I found was very interesting: many charts are at critical points:

[b]A TURN OR A BREAKOUT IS COMING[/b] - and we should know this week.

Both Tim and Frank Barbers were talking about a rally in the dollar, and a top in commodities.
I would agree that such turns are possible, put personally I dont see that happening.
I'm betting on a breakout in commodities:
+ Oil is stabilising near $100, and may be headed towards $120 or more,
+ Gold looks set to shoot up to $1,000, and may keep going
+ Copper is headed towards a retest of the highs
... but the key to it all is the US currency:
+ The Dollar could breakdown and slide in a precipitous way

Let's look at the charts:

/more:

[jdschwartz] 21/2/2008 18:41

you wont get a decent NAV projection for another 6 months unless you are one of the directors. I expect some big one off charges/costs during these changes. Thats why I bailed. Uncertainty will drive this stock down. Only hope is a takeover. The max I would leave in this is a grand on takeover speculation until some numbers come out accounting for sub-prime rout.3 to 6 month wait for the latter.IMHO.

[cawainw] 21/2/2008 17:45

A swift 10% gain not to be sneezed at.

[mrphil] 21/2/2008 12:06

Good to see some encouraging signs from the share price this morning. Anyone worked out a fair nav going forward? Must be more than current mkt cap suggests, I would have thought?

[jdschwartz] 20/2/2008 21:52

just flogged mine.
stuck the cash on VIY and MXP instead. much better chances.
i reckon the guvna will take this out at a much lower price in the next few months. seen it all before.
ask yourself. if this company floated today would u buy? thats what i did and the answer was no because of sub prime risk. they are going to have trouble borrowing from the banks for the type of people that they lend to IMHO.

[liam1om] 20/2/2008 11:50

Shanksak could be, is it too late to short it?

[shanksaj] 20/2/2008 11:03

Is this terminal now?

[alexacj] 20/2/2008 10:55

Good luck Mr P.....I'm probably a little biased as I hold DETS,INVO & BEG!!! So have a belief that joe public is really going to feel the squeeze for the next few years......imho the number of IVA's & insolvencies is going to rise dramatically......DETS has just announced another aquisition in Scotland and has in fact reduced it's expenses by £2 million p.a. with more to come......having said that I think we will see further consolidation within the sector and the few that remain should be in a much stronger position.

[cawainw] 19/2/2008 17:10

IVAs ditched for good reason - much less profit, lots of admin and moving out of fashion anyway. Excellent decision buying into loans - timing absolutely right - huge market. Upside at these low levels good. Patient buy and hold imho dyor.

[mrphil] 18/2/2008 17:23

alexacj - part of me is inclined to agree with you in that they should have found a way to operate the iva business profitably rather than take the easy option and hive it off. I do feel this is a bit of a lost opportunity. Having said that, Loanmakers is already profitable and with the majors tightening up on their lending criteria maybe this is just what Loanmakers needs to grow even more profitably? All imho and sitting on a hefty loss so looking like decision time. Will probably hang on fwiw.

[alexacj] 15/2/2008 13:10

My own view fwiw is that they have sold the very part of the business that will grow........what they should have concentrated on was altering the model to ensure they could make money out of IVAs...if other co's can...then they should have been able to do it!! The Loan business....mmmmm....going forward with stricter lending criteria and lowered demand for cash......and difficulty in aquiring the cash to lend in the first place......!! Not one for me but good luck to the holders!