Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
slowed right down http://www.iva.com/iva_companies/ClearDebt.asp
Large buy today but on-line you can buy almost any amount you want (at 2.7p) thats not the norm for clea.... Any views?
Looks like the FT100 is going to be a mess today will look in later see if we can be that blue arrow on my watch list.....
Last 2 years end of year has come out on the 17th of Sept so a possible 11 trading days or less to go.
we are worth a read http://www.cleardebtgroup.co.uk/download/Equity_Development_Research_27_May_2011.pdf
news due.....
Someone in for 100K
Someone in for 200K
Last 2 years have come out on the 17th of Sept so possible only 14 trading days or lees to go.
up on 2 sells lol
Feb's... but another day closer to results M8 (angel is killing me)
Outlook I continue to be optimistic about the Group's prospects for the remainder of the financial year to 30 June 2011 with the number of IVAs expected to be accepted continuing to outpace the market as a whole. Increasingly we are seeing clients accept that an IVA is the most appropriate debt resolution product for them and we expect the IVA division to be the main engine of growth. We are also launching new initiatives to expand existing referrals as well as generating new referrers and would if successful significantly increase the numbers of IVAs being proposed. We would expect any progress with these initiatives to take a number of months to come to fruition in terms of new cases given the lead times to progress from lead to approval of an IVA. Cash flow generation remains strong and we continue to look for consolidation opportunities and back books to purchase from our existing resources. I believe that the Group is well positioned to continue its growth through three main drivers. Firstly, there are the continuing levels of unserviceable personal debt in the UK that will drive organic growth. Secondly our efforts to increase our network of referral partners will be profitable and drive further organic growth. Finally, there are groups in our market who will be looking to exit as they lack our fundamental structure and financial discipline. We therefore look forward to the potential benefits from any consolidation opportunities which may occur in our industry.
David Mond, CEO of ClearDebt commented: "ClearDebt has now successfully integrated the Relax acquisition and is ready to benefit by virtue of our strong operational performance. Whilst the combination of the nation's addiction to personal credit and the continued tough economic outlook have created personal tragedies for many, ClearDebt continues to provide a manageable and compassionate solution to personal debt. This situation does not look likely to change any time soon. Our continued operational strength is largely down to our unparalleled kaizen based system that has allowed us to grow from processing 10 IVAs a month 4 years ago to 150+ now. We are confident that we will be able to provide not only further organic growth, building on our genuine success, but also take on IVAs set up by other providers which are not as well organised as ClearDebt and which may be looking to exit an overcrowded market."
Outlook Ø Continued organic growth to drive increased profits; potential growth from acquisitions Ø Number of IVAs passed continues to increase and future looks highly positive
ClearDebt, the AIM quoted personal debt resolution adviser is pleased to announce its Interim Results for the six months ended 31 December 2010. The period saw significant growth in EBITDA and revenues, driven by a strong growth in the provision of Individual Voluntary Arrangements ("IVAs"). The Directors expect continued growth to the year-end and for the foreseeable future on the basis of the much-publicised expected ongoing levels of personal debt in the UK. The Group is expected to benefit from this as it continues to demonstrate the strong operational success it has enjoyed since its inception. Financial Highlights: Ø Revenues increased to £3.97m (2009: £2.27m) up 75% Ø EBITDA of £1,156,849 (2009: £438,097) up 164%
Shares As at 26th April 2011, the Group has 308,340,567 Shares in issue. 41.99%, 129,474,616 are held by Directors and are classified as not being in public hands and 58.01%, 178,865,951 are classified as being in public hands to date.
I keep posting... it also looks great value to me too but people are running for the hill and have missed this one. Looks to make over a million pounds when numbers are out (soon) wonder what they will spend it on. GL
up then down news still due.... GLA