ClearDebt Group (CLEA)
ClearDebt Group Price and Volume
Previous Close: N/Ap* (real time prices at ADVFN)Previous Range: N/A - N/A*
Previous Volume: N/A shares (up on average)*
Trading: same as the 50 day M.A. (N/A) & same as the 200 day M.A. (N/A)*
ClearDebt Group Charts from Yahoo Finance
ClearDebt Group Recent RNS from Interactive Investor
- AIM - Cancellation - ClearDebt Group Plc (10th Apr 2013)
- Cleardebt Group PLC - Matched Bargain Trading Facility (8th Apr 2013)
- Cleardebt Group PLC - Result of General Meeting (25th Mar 2013)
- Cleardebt Group PLC - Statement re Intention to Delist (7th Mar 2013)
- Cleardebt Group PLC - Half Yearly Report (7th Mar 2013)
ClearDebt Group Recent Docs, Vids and Audio from BRR Media
(you'll need popups enabled to view these and pump that volume up just a tad)
- ClearDebt Group - Full year results (20th Nov 2012)
David Mond, CEO, gives a brief overview of the company and its performance for the y/e 30 June 2012. With individuals spending power reduced a positive performance overall.
ClearDebt Group Recent Articles from Proactive Investors
Nothing to see here. Move along now. That'll be all.
At about noon daily we take a stack of discussion frequency data from a bunch of UK investment websites and run it through our AIM Soiree Equidisculator to rank the chat popularity of all 837 AIM shares we track. Today, ClearDebt Group came in at number 365. Overall Rating: 365 of 837
At about noon daily we take a stack of discussion frequency data from a bunch of UK investment websites and run it through our AIM Soiree Equidisculator to rank the chat popularity of all 59 Financials sector AIM shares we track. Today, ClearDebt Group came in at number 21. Sector Rating: 21 of 59
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ClearDebt Group on Twitter
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Re: Results
By BritDAQFri, 19 Apr 2013 11:02:00 GMT
I would agree with izzy bear. The vast majority of the companies listed on BritDAQ who have come off market are trading at really low levels regardless of how well they are doing.
When a company announces they want to delist, the market makers massively price them down and in most cases shed around 80% of their value in their last few weeks.
Has anything fundamental changed about the companyusually not
Register on BritDAQ and take a look. By BritDAQ
Results
By izzy bearFri, 15 Mar 2013 10:37:00 GMT
In my opinion this company is far from worthless, as it still made a profit in the last results, plus there is still plenty of growth to be acheived,
By delisting the company will save around £94k a year. money that i feel could be put to better use, and help them expand,
They have cash of £1.4 million, but that is needed towards paying off the £2.3 million loan next month, they have extra cash coming in from the PPI mis - selling,and their prepayment card is doing well, so not all is doom and gloom,
Yes the delisting maybe a problem if you wish to sell, but don't jump to the conclusion this company does not have a future, plus even though the company is delisted, it could still pay a dividend out of surplus cash.
By izzy bear
Re: worthless
By ScarabiumThu, 14 Mar 2013 13:01:00 GMT
Will anyone be held responsible for this shambles though? I doubt it. I bet the Director's salaries and remuneration won't be affected by this massive failure. By Scarabium
Re: worthless
By OchsFri, 08 Mar 2013 21:17:00 GMT
Yes, very disappointing recent news. Certainly in hindsight I would have sold at 2p....
Assume the de-listing will go through at the EGM? What percentage do private shareholders own I wonder? By Ochs
worthless
By bottorrockerFri, 08 Mar 2013 12:47:00 GMT
Pretty well worthless now.
I really thought this company had some potential but if you are dealling with people with no money I suppose this is the most likely outcome. Oh well I suppose you live and learn. By bottorrocker
Re: BAILLING OUT
By dfergusTue, 05 Feb 2013 19:18:00 GMT
Will be interesting to see what happens here. Not so sure we will get results as early as Feb - i think it may be nearer April time, close to the repayment date - we shall see!
The price def has behaved very oddly over the last couple years...always falling down but with large % rises just before results/half yearly results. Based on last couple years we will see a rise in the next while, but are things now different?
By dfergus
Re: BAILLING OUT
By izzy bearTue, 05 Feb 2013 07:38:00 GMT
I don't blame you, seems odd to me that more people are getting into debt, Cleardebt have a solid base on which to build, yet the share price has dropped like a lead balloon,
I really have to put it as a hold till we get another trading statement, half year results were on the 27th Feb last year, so maybe they will be around that time this year, so worth waiting another 3 - 4 weeks. By izzy bear
BAILLING OUT
By bottorrockerMon, 04 Feb 2013 19:43:00 GMT
LOOKS LIKE EVERYBODY IS RUNNING By bottorrocker
Re: A little rumble before results???
By dfergusThu, 22 Nov 2012 20:26:00 GMT
As you state the results actually were ok - however the language used I thought was unfortunate and I thought poorly chosen By dfergus
Re: A little rumble before results???
By izzy bearThu, 22 Nov 2012 16:23:00 GMT
I fail to understand the market reaction to the results, both turnover and profits were ahead of last year, they purchased futher back books which will in time increase profits, their Pre-payment MasterCard is doing well, and although IVA's deceased over the past year, they still had over 1400 new IVA's.
With regards to the Convertible Loans , i really do not see that would be a problem, as some of the loans came from David Mond, and ClearDebt (Guernsey) a subsidiary of ClearDebt UK , which in theory is paying it's self 10% interest, the Loans are for around £3 million, they already £1 million put aside, leaving the rest to be paid from next years profits. even if there was a problem, i couldn't see David Mond demanding his money back right away.
All in all a very sound company, which does't reflect the present price.
By izzy bear
Re: A little rumble before results???
By Beech BoyThu, 22 Nov 2012 11:33:00 GMT
The market doesn't seem to like the results but they seem ok to me. The company is continuing to grow, and generate decent profitability and cash. It's still a bit small even for AIM but the market cap of under £4m is crazy based on the numbers. To the extent that it doesn't have enough cash itself by spring 2013 to pay off its convertible loan, I think it will be able to refinance and continue its solid performance. I wish more companies were performing like this right now. It is now undervalued in my humble opinion. I hope there is a decent broker's review on it soon, which would help. By Beech Boy
Re: A little rumble before results???
By Beech BoyTue, 06 Nov 2012 19:43:00 GMT
where are on earth are these results??? The silence is deafening.
By Beech Boy
Re: A little rumble before results???
By izzy bearSun, 14 Oct 2012 00:16:00 GMT
Turnover and profits have both grown over the past 4 to 5 years, a few back books have been purchased,and they have their new payment card, which appears to be doing well,
So no real down side,
i was expecting the results last week, as in the past few years they have released the results around the end of Sept.but they have released them in Nov a few years back,
This is a really undervalued company, so lets hope the shares rise with the next results. By izzy bear
Re: A little rumble before results???
By dfergusSat, 13 Oct 2012 12:34:00 GMT
Does anyone have any idea when the results will actually be??!!
They are noticeably later than the last couple years & there never seems to be any info given by the company
It's a pity as the price has fallen back a bit after showing signs of picking up for the results.
Im not selling- holding onto these as genuinely see value- but a bit fustrating! By dfergus
Re: A little rumble before results???
By Beech BoyFri, 21 Sep 2012 09:44:00 GMT
The company's financing is due to expire in April 2013 so they need to (a) announce decent results now with growth in turnover, margins and profit and (b) deliver a decent re-financing package. Then the share price will rocket. By Beech Boy
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de list
By AmbergamblerSun, 14 Apr 2013 15:51:42 GMT
Same happend to NAD which is a succesful company. Now on Britdaq since 25.3.13 Some PIs interested in buying to reduce their average in the privately owned company. Shared trading exists but not much activity yet. Time will tell. GLA
sorry end: ramped
By riddlerMon, 08 Apr 2013 14:20:12 GMT
to death in 2010-11 by usual suspect Following the General Meeting held on 25 March 2013 the Company announced that it would be cancelling the admission to trading on AIM of its Ordinary Shares ("Cancellation") with effect from 10 April 2013. The last day of dealings in the Company's Ordinary Shares on AIM will be 9 April 2013. In order to facilitate the trading of shares in ClearDebt after the Cancellation becomes effective, the Company has appointed BritDAQ to provide a matched bargain trading facility (the "Share Matching Facility"). Under this Share Matching Facility, Shareholders or other persons entitled to do so in accordance with the terms of the Share Matching Facility wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with BritDAQ that they are prepared to buy or sell at an agreed price. In the event that BritDAQ is able to match that order with an opposite sell or buy instruction, BritDAQ will contact both parties and then effect the bargain
A quality share for your portfolio
By elbarracudaWed, 13 Mar 2013 19:57:20 GMT
Commiserations rhjoyes on your current portfolio. I to have taken a pasting on Cleardebt. Check out Eckoh. I'm a big fan and over time I believe that it could get you some of your money back
de list
By rhjoyesFri, 08 Mar 2013 00:37:55 GMT
as if my other shares are not doing bad enough,i come to this one and feel like iv'e been kicked in the n-ts.At the moment i feel like i'm living a nightmare.KEFI,KIBO,SAR,SER,KGLD,NEW,TOM,PLE,have all gone into freefall.Why the hell did i get into this share investing.I think i'm being mugged in broad daylight.
KN
By riddlerThu, 07 Mar 2013 07:57:44 GMT
yep, not worth their while with so little trades etc, P.s what is Mr Market missing with TPS?
Riddler
By KNIGELKThu, 07 Mar 2013 07:18:07 GMT
Seems like the rush to de-list (especially from AIM) is gathering speed...
de list
By riddlerThu, 07 Mar 2013 07:08:00 GMT
Sad end to the share pumped by certain poster from 2010-12,
more4us
By mancunianmarkWed, 20 Feb 2013 13:13:32 GMT
not seen him around for a long long time!. After slating me over my views of this company. Told you is was rubbish and that the Mond's were in it for themselves.
more4us
By riddlerTue, 20 Nov 2012 09:59:30 GMT
any thoughts?.not seen you since pumping this for 2yrs from 2009-11
CLEA
By mulledwineTue, 20 Nov 2012 07:19:16 GMT
David Mond, CEO of ClearDebt commented "The Group has enjoyed a good year in terms of profitability and cash flow although this has to be tempered by lower numbers of new IVA cases particularly in the second half of the financial year. This is a disappointing result but one that I feel is being mirrored by many in the sector as the IVA market as a whole remains flat at best. Against this we have been successful in generating substantial income from consultancy related to the IVA business, although it is not expected to continue at these levels in the current financial year. I am pleased however to report that Abacus has returned to growth in DMP client numbers and profitability. Additionally I am very pleased with the number of new clients taking up our ClearCash prepaid MasterCard which now has similar features to those of a traditional bank account using its on-line platform (iCount). We are now focused on accumulating cash to repay the convertible bond in April 2013 with cash balances currently now in excess of £1m and increasing. Given the current economic outlook in the UK with unemployment showing no signs of falling substantially, together with high taxation and continued public sector cuts, I believe the Group is still well placed for another profitable year."
CLEA
By mulledwineTue, 20 Nov 2012 07:18:56 GMT
Outlook · The IVA market has plateaued and the numbers of new cases are not rising as expected due to declining disposable incomes of consumers and some resistance by certain creditors to the solution. New initiatives to increase market penetration whilst also considering new models to offer IVAs at much reduced levels of contribution are being examined. · Revenue from financial consultancy related to the IVA business has been excellent although part of this is one off in nature which is not expected to continue at these levels in the current year. Now focused on accumulating cash to repay the convertible bond in April 2013 with cash balances in excess of £1 m and increasing. · Current economic outlook in the UK with unemployment showing no signs of falling together with high taxation and continued public sector cuts leaves the Group well placed for another profitable year.
CLEA
By mulledwineTue, 20 Nov 2012 07:18:36 GMT
Financial Highlights: Good financial performance in the year. Total clients now number over 13,000. Disappointing numbers of new IVAs in the second half of the financial year, which has continued since the year-end, offset by a stronger debt management performance. Operational Highlights: Disappointing new IVA numbers, although revenue from the provision of consultancy services related to the IVA business has been strong. Good performance from our debt management business which continues to grow. · Abacus, ClearDebt's debt management plan subsidiary continues to make a profit and handles all of the Group's sales activity. It has benefited from an increase in debt management clients. · In line with trends in the market place ClearDebt has seen a reduction in new IVA numbers as well as average income from new IVAs. Revenue from financial consultancy related to the IVA business has grown strongly in the year although this is not expected to continue at current levels. · ClearCash prepaid master card successfully migrated to a new service platform giving cardholders the ability to set up direct debits as well as allocating them their own sort code and account number. Some duplication of costs arising from migration was incurred. However we now have the ability of offering similar facilities to those of a traditional bank account by the use of ClearCash's on-line iCount.