Relax Grp Share Discussion Threads

[jarvis4] 07/8/2009 17:43

Helloooo. Is there anybody theeeerrree?

[jarvis4] 06/8/2009 13:26

Well the excitement here is almost too much to bear!

[jarvis4] 05/8/2009 18:59

A bit of a flat bottom it has to be said!

[jarvis4] 04/8/2009 16:17

Yup, definately a bottom in my view.

[billybigguns] 30/7/2009 21:31

Not in my opinion.

[jarvis4] 30/7/2009 15:23

Has this hit bottom I wonder?

[jarvis4] 28/7/2009 09:38

Kish

F Y year end changed last year from July to December - hence December's final results were only for a five monthe period. Half year has thus ended 30th June 09 meaning that the results for that period should be out any time soon. Realistically, if they're doing well they will release the figures soon but if trading results for the half year are poor they will wait until the last possible minute before releasing them so that they have enough water under the bridge to give a better steer with their forward looking projections. All IMHO

[kish_008] 27/7/2009 21:54

Just came across this stock and thinking of taking a small punt. Volume seems pretty low. Last update seemed positive and I would think the current climate would make this more attractive - anyone know when the next update is due?

[jarvis4] 27/7/2009 20:02

debbie

Just games in a thin market. The next trading update/half year results are what I'm waiting to see together with the new man's forward looking statements.

[debbiegee] 27/7/2009 17:49

hmmm a 17k sell takes 3p off price and seller has to settle for 4p below bid !
Then a 25k buy puts back 1p on the ask !

[debbiegee] 25/7/2009 15:15

Thanx Jarvis

[jarvis4] 24/7/2009 08:55

debbiegee

Nothings changed - unless the market knows things we PI's don't. The founder has gone(walked or pushed we don't know) and in his place is someone now with big company experience and corporate financial knowledge. Just what the business needs in my view. Having an idea, starting a business and putting in the time and energy to grow it is one thing. But as it gets bigger, and particularly after a merger, the business needs different skills - I know because I've done it. There are always partisan rivalries when two businesses come together and the man at the top needs to be seen as impartial. The presence of a new man achieves this - plus everyone will be that much more focussed and work that much harder to impress the new man at the top.

The share price has been dropped by mm's on small volume which is probably small PI's panicking. Wait for the flow of news and updates now as the new man gets to work. All this is simply me reading the runes - I have no direct knowlege of the new man whatever. Good luck.

[debbiegee] 24/7/2009 04:18

Have I misssed anything here ,has anything changed ?

[dickdanbayne] 24/7/2009 00:55

Personally I think its a sad day for relax. Ultimayely Paul Carter set off on a journey building a debt management company up which ultimately became part of the Debt.co.uk group now nown as Relax. I would like to think that over the 10 yrs or so building up this business there is value and future growth yet to come. Either way its been a success, providing many local people with employment over the years.

Maybe Relax will make a go of it in a growing market or maybe there'll get bought out but either way i would imagine it will be for a bit more than there value now. Didn't he buy some at around a pound lately?

Just my opinion, hope it works out.

[billybigguns] 23/7/2009 19:04

Further to fall yet. IMO DYOR.

[debbiegee] 23/7/2009 18:38

Finally a few buys todays as folk come out from behind the sofa!
Usually it only takes a few buys to move it ?
It would have been good for the chart to see a turn !
Perhaps tomorrow morning ?

[debbiegee] 23/7/2009 12:45

MMMMMM, Relax lets hope the worst is over !

[billybigguns] 22/7/2009 16:57

20p before £1.20 in my opinion. DYOR.

[jarvis4] 22/7/2009 09:13

bbg

Good news in my view. This is going to be a big business and requires big business skill sets and tight financial discipline skills - both of which this guy seems to have in spades. Whether PC jumped or was pushed matters not - the diredction is the right one. Once the initial market uncertainty is out of the way this should motor IMHO.

[dickdanbayne] 18/7/2009 13:14

little bit to relaxed on here. Wakey wakey: )

[alexacj] 30/6/2009 09:19

A Trading Update from FRP continues to support strong sector growth!



Fairpoint Group plc ("Fairpoint" or "the Group"), the leading provider of advice
and solutions to financially stressed consumers, today announces a trading
update in relation to the six month period ended 30 June 2009.


Trading Performance


The financial performance of the Group in the first half of 2009 was in line
with management expectations. Improvements delivered in the second half of 2008
have provided continued momentum through the first six months of 2009, leading
to gains in operational efficiency and cash generation. Overall profitability is
significantly improved on the same period in 2008 and bodes well for the
seasonally stronger second half of the year. The Board is confident that full
year results will be in line with market expectations.


* Continued operational improvements have resulted in historically high conversion
rates from a lower cost base. We have continued to be selective in marketing
channels used and this is generating strong year-on-year profit growth from
lower spend and lower lead volumes.

* Operating cash flow has improved further and the Group expects to see a
significant reduction in net borrowings from GBP8.6 million at 31 December 2008
to GBP6.5 million at 30 June 2009. The Board remains confident that the target
of reducing net borrowings to below one year's profit before tax adjusted for
brand amortisation will be achieved in the second half of 2009.

* Revenue diversification remains a priority with the debt management business
continuing to grow despite a high number of clients who previously may have
opted for a Debt Management Plan (DMP) now able to access a higher yielding
Individual Voluntary Arrangement (IVA).

* Creditor relationships are positive with IVA approval rates at Meeting of
Creditors exceeding 95% and a greater acceptance of the benefits of IVAs in
comparison to DMPs contributing to the improved IVA conversion rates.

* The Group is now focusing on growth and has put the first building block in
place with the relaunch of ClearStart and the roll out of innovative new debt
management structures to open up distribution options with creditors and debt
agencies.

Chris Moat, CEO of Fairpoint, commented:


"The first half of 2009 has seen the Group build on the operational turnaround
achieved in 2008 to deliver a materially improved result on the same period last
year. The Board looks forward to the remainder of 2009 with confidence".

[dickdanbayne] 24/6/2009 01:01

Its a difficult one to read this one, they floated as debts.co.uk not to long ago and then obviously rebranded to relax more recently. A lot of business they have done since floating seems to be Aquisitions which in my opinion could be seen as buying business???? Maybe because there struggling to get business themselves????

The Iva department which I believe use to be called Synegy (or something like that)didn't have a particully good reputation amongst individuals who used there service. This is not a fact but just what I read on IVA bb's sometime ago. Maybe that was the reason they re-branded to Relax although Relax was a Merger/aquisition (one of the better ones) Relax since it started did very well in the consolidation/secured loan industry, taking a lot of leads/declined customers off Firstplus and offering them Sub-prime secured loan deals. Very very profitable if done correctly although secured loans must be a very difficult business to maintain since it was sub-prime lending that caused this economical mess in the first place.

Lets hope that relax is still producing the leads and of course the business. If it is then I think it was a very good business move by Mr Carter because now they can offer other services to relax customers such as IVA's and Debt Management as well as maintaining they original clients whilst fishing for new ones (there must be thousands of people who need debt help) jmo and dyor

Good luck: )

ps just going off topic if anyone is interested in looking at a nice share may I recomment ROS (ramco)News is iminent on there Iraq joint venture which is called MPC. Very low market cap, not many shares in issue and in my opinion worth a dabble short, medium and long term.

[billybigguns] 18/6/2009 17:06

alexacj - 18 Jun'09 - 14:24 - 139 of 139
(and remember the chairman bought 50k at £1 a couple of months ago!)....

Means very little when the MM's manipulate a share. Think of the poor suckers who paid nerly £2 on float!! Bet they never thought they would see the likes of 60 odd pence.

You keep comparing to CLEA?? Is this really matching 'like for like' alexacj? I have been watching from afar, and you were convinced this was going to gain momentum awith a few 'peaks & troughs' along the way??

Now on its way back to sub 35pence. Will even look to 'trade' a few myself at that level.