Relax Grp Share Discussion Threads

[alexacj] 20/2/2009 08:48

Not too sure how the "gravy train" will slow down......there will be retracements along the way....there always is....but the economy appears to be getting worse by the day......unemployment rising quickly.....the number of people who will ultimately require "help" in managing debts can only increase and imho increase substantially.......this years estimates are going to be exceeded..the directors have already stated this...just don't know by how much yet!....so even with the recent rises.....a p/e of just over 5 says it all really (guru my current estimates show us on a p.e. of 5.35).....even at a p/e of 10 this stock would still be cheap considering the markets they operate in and therefore the huge potential that is becoming clearer with each statement of "doom" that hits the headlines!!

[dave108] 19/2/2009 20:48

Massive spike considering the upward movement already made I think this could go past £1 quickly it could be argued as one of a handfull of safe havens in this climate

[debbiegee] 19/2/2009 17:35

Perhaps an institution bought in today or there is a buy order not yet filled as they didnt really get a lot of sales?
We will see no doubt ?

[guru11] 19/2/2009 16:56

Market makers must be short of stock to be upping the price by 11p on thin volume today. So lets hope the train keeps rolling tomorrow.

What forward pe are we looking at now though?

[williemanjaro] 19/2/2009 16:05

-I offered too buy 5000 at 83 and then 85 because SEYP were offering that amount...but ever time I offered they put the price up-LOL!
---nuts :^)

[williemanjaro] 19/2/2009 15:15

Was just going to add 5000 and all hell breaks loose--wriggly tadpole this!

[debbiegee] 17/2/2009 10:45

thanx alexcj

[alexacj] 17/2/2009 10:35

Doubt if you're too late......just to reach a p/e of 10 we need to be at £1.30......and in their statement at finals they stated that they expect to exceed market estimates and that they also expected strong growth for at least the next three years....there's a long way to run yet.....patience required!!

[debbiegee] 17/2/2009 10:14

The 5k sell is a buy ,change time was 10.11

[debbiegee] 17/2/2009 09:47

.sorry triple post !

[debbiegee] 17/2/2009 09:47

Hi guys ,have just joined you here after seeing the broker upgrade,hope Im not too late !

[williemanjaro] 17/2/2009 08:36

From Times market report---will look for further comment-

Relax Group rose 7½p to 68½p after the debt manager reassured shareholders at its annual meeting that the economic doom and gloom had driven demand for its services and that it was trading at the top end of expectations.

[alexacj] 16/2/2009 15:02

Thanks Willie....hadn't seen that! Still think it should get higher than £1 in the short term :-)

IVAs on the increase -

[williemanjaro] 16/2/2009 13:58

Alex-I see today- -Relax Group RLX Seymour Pierce Buy 69.00p (50.00p old target) 100.00p New Target-Reiteration--BUY

[williemanjaro] 16/2/2009 12:31

ok Alex -I`ll certainly turn the screen off until 1.30-we`re in no hurry :^)

[alexacj] 16/2/2009 12:15

Willie...it'll continue to be "cheap" until it reaches about £1.30 which will then place it on an undemanding p/e of 10.......with current newsflow predicting an ever worsening economy I would look for 2010 estimates to rise dramatically from the 2009 level....aimho!!

Latest piece of economic news -


CBI warns recession will be worse than government says
By Deborah Hyde | 10:19:24 | 16 February 2009

The rapidly deteriorating global economy and the continued difficulties UK businesses are facing in accessing credit will push the economy deeper into recession in 2009, business groups said today.
The CBI is now predicting the recession will last throughout 2009, the economy will contract by 3.3% this year and will only stabilise after six quarters of negative growth and unemployment will rise throughout this year and into 2010.

It said the impact of the recession and the fiscal stimulus will take a toll on the public finances with net borrowing expected to reach £149 billion in 2009/10 and £168 billion in 2010/11-10.6 per cent and 11.8 percent of GDP respectively-and well ahead of the government's own forecasts.

'Given the rapid contraction in global economic activity, and the continuing credit squeeze, we believe the UK will be mired in a deep recession for the whole of 2009, lasting six quarters in total and accompanied by a significant rise in unemployment,' said Ian McCafferty, CBI Chief Economic Advisor.

Separately, the British Chambers of Commerce said businesses are reporting deteriorating relationships with local bank managers, major disappointment with the Government's VAT cut, and an increasingly pessimistic mood on their prospects.

The CBI predicts the economy will contract by a cumulative 4.5 per cent over the six quarters of negative growth. GDP growth for 2009 has been revised down from to -3.3% from -1.7% in November. In 2010, the CBI expects GDP growth to be 0.0 per cent.

It expects consumers worried about losing their jobs to spend less and save more, dampening household spending and predict household consumption will contract by 2.7% in 2009.

The business lobby has called on the government to move swiftly to mitigate the worst elements of the crisis.

'The most urgent requirement is to get the various credit support schemes, announced recently, underway. Faced with continued uncertainty about access to credit, firms will continue to take drastic action to protect their businesses,' said McCafferty.

This was echoed by Steve Hughes, Economic Adviser to the BCC.

'The dangers facing the business community are plain to see in these results. Confidence in the economy is non-existent, and this requires an incisive response from government,' he said as he reported results from the Chamber's monthly business survey.

With cash-flow a serious problem, over a quarter of businesses will be reducing working hours in the next three months, the survey found.

More than three quarters of respondents said December's VAT cut had been of no benefit to their business, while nearly a fifth claimed the cut had actually been a burden.

Nearly a half (43%) of businesses expected their turnover to fall up to 50% over the next three months and a similar figure (45%) stated that their local bank manager understood their business needs and tried to accommodate them.

'When the Chancellor gives his Budget in April, it must include measures to ease cash-flow difficulties and promote the retention of jobs. Cutting National Insurance Contributions, freezing the minimum wage and slashing business rates would all help hard-pressed businesses,' said Hughes.

[williemanjaro] 16/2/2009 11:58

This was sitting there at 50p and under and I duly obliged. Dont follow this type of business-not at all- but at pre 50p-just too darn cheap!

[williemanjaro] 16/2/2009 11:58

This was sitting there at 50p and under and I duly obliged. Dont follow this type of business-not at all- but at pre 50p-just too darn cheap!

[alexacj] 16/2/2009 07:40

Looks very good to me!!!

"There are a number of potentially exciting new areas of activity which are being
pursued and about which I hope to report in due course. In addition we continue
to seek out and monitor a wide range of acquisition possibilities. Overall your
Board is very optimistic about the outlook for the Company and confident of
meeting analysts' forecasts for the current year."

Guru.....even with the recent share price rise we are still only on a p/e of 4!!!!!!!!!!!!!!! IMHO in a normal market we should be on a p/e of 15.......times are not normal but a p/e of 8-10 should be easily achievable......thats still double where we are today!!

[thumbs] 16/2/2009 07:35

RNS Number : 3455N
Relax Group PLC
16 February 2009

?


For release at 07.00 Monday Feb 16 2009


Relax Group plc (or 'the Company')


Relax Group plc
AGM Statement


At the Company's AGM to be held this morning the Chairman, Mr Bernard Asher,
will deliver the following statement.


"Last year was a year of evolution for the Company following the restructuring
of its business model thanks to two major acquisitions, PB Recovery in February
and Relax Finance in May. As a result of the latter we welcomed three new
executive directors to the Board, Ian Guy, Carl Kroger and Trevor Moore, who
have significantly strengthened the management team. These acquisitions
considerably expanded the depth of our product offering, and improved the
effectiveness of our systems in many key areas; IT, our operational and
management teams and in new business acquisition.


As a result we have implemented a series of cost savings, internal process and
efficiency changes and forged commercial relationships with several blue chip
referral partners. These changes have improved conversion levels within the
business, reduced processing costs and improved our cash collection. Furthermore
we have significantly reduced our marketing spend whilst increasing the volume
of new business.


The current year has started well and the first half is up to our best
expectations. The economic background has meant that demand for our services has
been strong. The improvements made to our database of individual contacts and IT
systems have driven down the costs of acquiring new business and we have also
been able to utilise them more efficiently and effectively. As in previous
years we expect our profitability to be skewed towards the second half of the
year. In order to give a better indication at the interim stage of the full year
outcome the Board has been considering possible changes to the reporting dates
and we will be reviewing the options and their implications.


There are a number of potentially exciting new areas of activity which are being
pursued and about which I hope to report in due course. In addition we continue
to seek out and monitor a wide range of acquisition possibilities. Overall your
Board is very optimistic about the outlook for the Company and confident of
meeting analysts' forecasts for the current year.


Once again I should like to thank your Chief Executive, Paul Carter, the newly
appointed executive team and all staff for their hard work and considerable
achievements."




Bernard Asher


Chairman
February 16th 2009

[guru11] 15/2/2009 21:58

Does that explain the recent rise of late? Could we be looking for an even firmer share price to come this week. Tomorrow could be interesting!

[thumbs] 13/2/2009 14:09

Relax Group, the debt advisory specialists, is pleased to announce that the
Company's report and accounts and notice of the annual general meeting of the
Company to be held at 9:00am on 16 February 2009 at the Company's offices at
Carter Place, Gisborne Close, Staveley, Chesterfield, Derbyshire S43 3JT (the
"AGM") has been posted to shareholders today. The resolutions being proposed at
the AGM, inter alia, include:

[guru11] 13/2/2009 10:33

The recession is obviously going to last a fair time. People nowadays just have less disposal income to spend as much more is going on basic living costs.

The update from RLX earnings will be most interesting, and could result in another boost in share price.

What other stocks except DMP are on a forward pe of less than 4?
Digitlook.com does give the forward eps figures on most stocks for the next 2 years.