Invocas Share Discussion Threads

[diogenesj] 19/1/2007 12:46

You too, NB. Sold mine some time ago. All of these companies look cheap, but the market just doesn't like them.

[nobrainer31] 08/1/2007 12:27

Just sold the 7790 shares I got on flotation for 187. Good luck to holders esp. Diogenes!!

[ged5] 07/1/2007 10:39

"MONEY-RELATED hangovers are all too common at this time of year, making it a good time to detox your finances by trying to cut any personal debt.

This is especially relevant to Scots since we are estimated to be in more debt in relative terms than people in England who may owe more in real terms but are sitting on greater assets.

Invocas, the biggest debt solution firm in Scotland, is in the middle of carrying out a detailed analysis of who owes what.

John Hall, chief executive of Invocas, explained that factors such as lower levels of home ownership in Scotland than England mean people north of the Border can suffer more from owing money.

Hall added: "There are also regional differences across the country. The average debt level per head in Aberdeen is £36,000, in Glasgow it's £33,000, in Edinburgh it stands at £31,000 and in Dundee it's £25,000. Part of the reason for the higher level in Aberdeen is the local economy is relatively buoyant so people spend a lot when things are going well."

[jakleeds] 29/12/2006 11:03

Buy now pay later could bush uk to brink of insolvency....mail

[ged5] 21/12/2006 16:35

Could we have a chart in the header please.

[ged5] 21/12/2006 12:24

Small cap share tips: Growth ahead for Invocas
James Crux, Deputy Editor, Growth Company Investor
20 December 2006

OUR weekly review of the latest developments and hottest tips in the exciting world of the Alternative Investment Market is written by analysts at the UK's leading authority on fast-growing companies, Growth Company Investor.

Growth ahead for Invocas


Maiden Aim interims to September from Invocas, the personal and corporate insolvency counter based north of the border, were essential reading for growth-focused investors.


This market-leader in the provision of Protected Trust Deeds (the Scottish equivalent of the IVA), which also has a fast-growing corporate solutions division, demonstrated strong growth despite the recent launch of consumer debt helpline and website service Newtomorrow....

[nobel2005] 20/12/2006 10:26

tipped as a STRONG BUY iin growth company investor magazine today!!

[ged5] 17/12/2006 19:26

EDINBURGH debt help specialist Invocas has reported yet another period of strong growth, driven by the rising number of Scots getting into debt.

Turnover increased by 50 per cent to £4.1 million at the Coates Crescent-based firm, while operating profit shot up by 22 per cent to £1.5m over the six months to September 30.

And chief executive John Hall said the company was continuing to perform strongly in the first weeks of this quarter, with November becoming a record month for new customer wins.

He said more and more people north of the Border were getting into debt, with the problem made worse by interest rate rises.

The company boosted its workforce by 26 to 96 over the period, and said the number of insolvency practitioners at Invocas increased from three in March to seven now - providing capacity for significant growth in that area.

The half-year also saw the successful launch of Newtomorrow, Invocas' consumer debt solutions service, which offers a website and Glasgow-based call centre helpline for individuals struggling with debt problems.

In June, when Invocas reported its end-of-year results to the date of its March floatation on London's Alternative Investment Market, the company said it had seen eight periods of successive growth - and that is set to continue into the current quarter.

Mr Hall said: "Our ethos is very different to a lot of companies. We want to balance ourselves between the debtor and the creditor."

He added that operating profits at Invocas appeared to be slightly low due to flotation costs. But Invocas expects its next results to be just as strong, off the back of the recent interest rate rises.

He said: "The impact of the interest rate rises is only just beginning to be felt - as people come off their fixed rate mortgages and start to notice the difference. Our business also gets a boost after Christmas."

The firm has around 4000 Scots cases on its books, with the majority in Lanarkshire and Ayrshire.

Mr Hall added: "There tends to be slightly fewer debt cases on the east coast. However, I think the image of the thrifty Scot who has notes stuffed under his mattress has gone - and people north of the Border want the same lifestyle as people down south, although they have a slightly lower starting point, as the average base of assets is lower in Scotland."

Chairman Howard Bell added: "We are continuing to grow our market share, cementing our position as the first-choice provider of personal debt solutions in Scotland."

He added that favourable market conditions, excellent relationships with banks and other financial institutions and ongoing investment in strengthening and expanding the business, had boosted Invocas' fortunes.

Invocas floated on London's Alternative Investment Market in March after acquiring the business recovery and insolvency arm of Haines Watts and rebranding it.

Mr Hall founded Haines Watts Business Recovery and Insolvency Scotland in January 1998 alongside Ian Wright, non-executive director Bob Lewis and finance director Stephen Lightley.

[warren12] 16/12/2006 21:31

Cheers Dibbs,
maybe he'll see the request and put one up!

[dibbs] 16/12/2006 21:00

warren12, Can only be done by the treads creator. jono....

Dibbs

[warren12] 16/12/2006 20:42

Hi,
does anyone know how to get a chart at the top of the page?

[jakleeds] 13/12/2006 07:47

Nice results, if the co was in any other sector then the share price would react favourably, but the way things are in this sector it's hard to tell what will happen. Still we'll soon find out.

[taylor20] 06/12/2006 23:39

Hmmm, SNP's Stewart Hosie seemed to think the Scottish economy is going down the pan, if his response to the Pre-budget report is anything to go by.

Taken a small stake, yesterday.

[saucepan] 27/11/2006 14:25

"Needs a big change in market sentiment to get anywhere though. "

Imminent results, and any momentum generated before them, could be just the catalyst required. I am taking that gamble.

[diogenesj] 27/11/2006 14:04

Looks cheap, as they all do, Saucepan, so good luck with it. Needs a big change in market sentiment to get anywhere though.

[saucepan] 27/11/2006 13:58

Hi to thread regulars

I have opened a long position on Invocas Group PLC, at 156p, as a Low PEG, imminent results momentum play.

My observations, as posted on the Shares Forum, in case they are of interest here:

The fundamentals look good:

Profit (£m)
2004 0.79
2005 1.99
2006 2.42
2007 (F) 3.33

Turnover (£m)
2004 2.69
2005 4.48
2006 6.08

EPS (p)
2004 2.77
2005 6.96
2006 5.93
2007 (F) 8.16

And the chart looks as if it is bouncing from support at all time low, set just after floatation. Hence, 145p will be my stop level.

There is also positive divergence, using 13, 26 MACD, (not shown on the chart below):



Invocas appears to be Scotland's answer to DFD, DEBT, ACG etc.

Interim Results will be announced on Wednesday 13th December
Rolling PEG-1 = 0.60.

[diogenesj] 17/10/2006 14:56

It's more than that, M. Cleardebt is an eccentric little start-up operation which boasted about its low-cost, hyper-efficient operation. Yesterday's results failed to justify that boast for reasons specific to Cleardebt. Sentiment has turned against the sector, I think for the reasons I mentioned above, and today we are probably seeing some stoploss selling and shorting as well. I think the fundamentals are still good and the shares will recover - but wdik?

[morgannn] 17/10/2006 07:59

According to todays FT whole sector dropped yesterday due to the fact that operational problems had hit Cleardebt's trading.I can't see any long term problems can anyone else?

[morgannn] 16/10/2006 17:33

The banks were told last week(front of FT one day)that they had no reason to grumble and as you say Dio they were told in no uncertain terms that it was their own bloody fault for pushing money at people who could not afford it.So why the fall accross the sector today when I thought this had been cleared up.

[diogenesj] 16/10/2006 14:54

The sector is out of favour: banks protesting, fear of competition, fear of government regulation. The government has said it won't introduce more regulation, the market is growing fast enough for all participants to do well, and the banks have caused the problem in the first place and don't get my sympathy. So I'm hanging on, but it is uncomfortable.

[morgannn] 16/10/2006 12:49

Anyone know the reason for todays drop?

[diogenesj] 30/8/2006 13:55

Strong trading statement today. I've tended to underestimate these. They're not just reasonable value, they're cheap. Bought a few today.

[nobel2005] 04/8/2006 13:33

Me too, perhaps just becasue it's got a low profile

[abundance99] 04/8/2006 11:18

Why the big drop? I would have thought that rising interest rates was good news for INVO.