Relax Grp Share Discussion Threads

[alexacj] 18/6/2009 14:24

LOL!! This is a volatile share......the MMs move it up and down rapidly....I top sliced a lot of my holding when the price started to turn down last month....I gambled on the MMs doing their normal rapid move down...seemed like I'd made a mistake for a while....but it started to accelerate yesterday when a whole 10k of shares were sold....:-)....today they have surpassed themselves....I'm just waiting for the price to tick up again to catch the ride back up.....nearly hit the buy button today....you can buy at just over 63p....nothing has changed imho on this share(and remember the chairman bought 50k at £1 a couple of months ago!)....the final results reported strong growth and the economic conditions continue to support that view!!...we should be looking at estimates in excess of £4 million for 2009 and that makes the p/e way too low (just less than 5).....just as a comparison CLEA is on a forward p/e of nearly 19!!!!!!....so my advice would be if you're thinking of buying just wait and watch and let those MMs be your friends!! Good luck all!

[debbiegee] 08/6/2009 09:12

Agree,I think the analysts are gonna like the report.

[fordian] 08/6/2009 08:21

Completely agree! Very positive signals and the business is snowballing. The mortgage news is very interesting, especially as they are reportedly already a relatively big player up north.

[alexacj] 08/6/2009 07:54

Looks very positive to me....the new estimates for 2009 will now include the stronger second half of the previous reporting period and an economy that is on its knees......so will be looking for increased targets for the year :-).
Good luck all!

[debbiegee] 08/6/2009 07:23

Wake up folks report is here !

[dickdanbayne] 30/5/2009 01:18

Fordian and debbie your comments made me laugh: ) Not invested here, just looking in but am invested in HAWK and they said update on or before 28th and guess what we didn't get one.

Well one things for sure? They've got to come, suppose it all adds to the excitement hey!!!

Anyway just thought id let you guy's know your not alone..

Happy Trading/Investing: ) Rich

[debbiegee] 28/5/2009 07:21

Yes they said end of May ?

[fordian] 27/5/2009 13:03

Surely it's just a matter of days if not hours before we get a trading update...Should be very interesting reading :)

[paddyberry] 20/5/2009 10:19

Agree with Alex. Its the "outlook" that will be interesting.

[alexacj] 19/5/2009 16:54

Should be a decent set of results....the company have indicated they were ahead of forecast and have not issued any statemnt since then to the contrary. It should also mean that the "worst" of the recession is now built in to the 2009 forecast as it starts from January. If the forward looking statement is positive and reiterates the profit targets then we are currently on a p/e of 6....that is too low and the ability for the share price to double from here should be easily achievable...but there will be pull backs on the road...there always is!!..aimho.

[fordian] 19/5/2009 10:31

I also hope so, report in the next two weeks - I believe RLX are getting involved in the corporate side of debt management which I suspect is far more profitable than the usual IVAs. I also suspect that the results may be largely factored into the share price though...

[debbiegee] 12/5/2009 19:03

The report should be soon and hopefully good !

[alexacj] 05/5/2009 11:11

Small piece from the weekend Mail......

"Debt solver Accuma rose 3.13p to 12p after deciding to sell the Individual Voluntary Arrangement (IVA) book of Wilson Phillips and the IVA book of Accum Insolvency Practitioners for £5.6million. Analysts reckon the deal makes rival Relax Group look dirt cheap at 82p."

And article from BBC on Debt

[jarvis4] 01/5/2009 12:42

The number of people filing for bankruptcy has rocketed by 26% so far this year according to th news on radio. Got to impact positively on RLX going forward.

[alexacj] 27/4/2009 10:54

Bootle Says U.K. Faces 1930s-Style Collapse as Home Prices Drop
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By Brian Swint and Svenja O'Donnell

April 27 (Bloomberg) -- The U.K.'s recession will last through the end of next year as house prices drop in an economic slump increasingly resembling that of the 1930s, former Treasury adviser Roger Bootle said.

Gross domestic product will drop 1 percent in 2010 after shrinking 4 percent this year, Bootle, an economic adviser at Deloitte & Touche LLP, predicted today. U.K. house prices dropped for a 19th month in April, Hometrack Ltd. said in a separate report.

"It's looking more and more like the 1930s all over again," Bootle said in an interview on Bloomberg Television. When asked if the U.K. will sink into a depression, he said, "it's in danger of being that, yes."

Prime Minister Gordon Brown's government last week raised taxes on the rich and predicted record budget deficits after the economy shrank by the most in three decades in the first quarter. The Bank of England has lowered the benchmark interest rate to 0.5 percent and started printing money to battle the recession and stave off the threat of deflation.

Bootle was on former Chancellor of the Exchequer Kenneth Clarke's panel of economic forecasters, known as the "Wise Men," under the previous Conservative government until 1997. He wrote a book called "The Death of Inflation" in the 1990s.

Bootle's prediction for next year is more than twice the International Monetary Fund's forecast for a 0.4 percent contraction. Chancellor of the Exchequer Alistair Darling said last week that the economy will rebound in 2010 with growth of 1.25 percent.

Housing Slump

House prices will fall 19.8 percent this year after a 14.8 percent decline in 2008, Bootle's forecasts show. Property values will drop a further 2.3 percent in 2010, according to the forecasts published by Deloitte.

The average cost of a home in England and Wales slid 0.3 percent from March and 10.1 percent from a year earlier to 155,600 pounds ($227,355), Hometrack said today. While the monthly drop was the lowest in a year, buyers are unlikely to return to the market for long, the London-based researcher said.

A lack of first-time buyers "suggests to us that the recent pickup in demand is largely seasonal and unlikely to be sustained over the rest of the year," Richard Donnell, Hometrack's director of research, said in a statement.

The worsening recession may see Britain's economy shrink by the most since 1931 this year, the London-based Centre for Economics and Business Research said April 24, forecasting a 4.5 percent annual contraction.

Gross domestic product dropped 1.9 percent in the first quarter. The economy has contracted by 4.2 percent since the recession began last year, almost as much as it lost in the slump in the early 1980s.

To contact the reporters on this story: Brian Swint in London at [e-mail]; Svenja O'Donnell in London at [e-mail].

[alexacj] 24/4/2009 10:03

Interesting to note that RLX is currently on a forward p/e of 6 and CLEA has now moved up to a forward p/e of 24!! If RLX were to "catch up" with CLEA that would put the share price on £3.14 !!!!!!!Food for thought!!

[debbiegee] 23/4/2009 09:37

Action station ?

[jarvis4] 10/4/2009 12:00

RLX tipped in shares mag this week as a BUY. Probably the kiss of death.

[alexacj] 09/4/2009 13:39

Just looked in....nice move......Debbie the Director buying was at £1 a share.....bulletin boards don't function without bickering.....LOL!! Really have no further comments to make to add to those already posted.....I do hope Billy gives us his latest in depth report of the sector though!! ;^)....anyway the sun is shining here and the piste awaits....good luck all!!

[vickiitwo2] 09/4/2009 11:40

about 30 grand of shares traded and share price moves 10%.

[williemanjaro] 09/4/2009 10:30

We`re all here-we just dont need to waffle for or against the company!

Bulletin board comment-press to ignore! Broker comment may also be worthless but THEY can move markets and ADVFNer`s can find nuggets-thats where the forums work best. Personal comment for or against-nah :^)