Member Info for Moreforus

none...which is good , hopefully should give buyers confidence - still real offer is full ask...

4 buys 3 sells... fundies will out buys all at 1.9p..cost of entry now 155k and 485 and 90k sell at 1.625-1.762 - however the mms are still offering limited size at 1.9p which means they were covering stock they sold yesterday... however why anyone wants to sell something for 1.6p that we've been told is worth at least 2,5p today and 4.5p in the next 6 - 9 months...is beyond me...

buys going in at 1.9p ie full ask not seen that for a long time ie full ask - the overhang was well and truly cleared yesterday with 2 500k buys at 1.8p....

http://www.cleardebtgroup.co.uk/download/Equity_Development_Research_20_September_2010.pdf

moving up fast now (-;

250k, 150k and 213k

...this puts the shares on a PFER of 3.7x, an extreme undervaluation." we should be 2.5p now and 4.5p 6-9 months down the road...CRND a golder just had a buy note and it was 2p and now its 3.5p - they have been given a target of 12p... they are currently not producing and are months away from production ...CLEA is making money now, a profit and predicted to make 1.9 mill gbp profit y/e June 2011 but its not hot like a golder or oiler yet an indpendant analyst says they are materially undervalued and the stock is undervalued today by 40% and should be trading in 6-9 moths 2.75 times more...

on a relative value basis to FRP CLEA should be 2.5p now and then at the end of June 2011 they should if on a p/e of 10 be if 1.65 is a p/e of 3.7 then they should be 4.5p.... its currently 1.62p to buy.

CLEA brokers note from Equity Development published last night.. current market cap is 5 mill (1.5-1.8p) you can buy at 1.62p... "The new year has started well so I am marginally increasing my forecast for 2010-11 to £1.9m pre-tax, leading to eps of 0.44p: even after the shares have been marked up to 1.65p in response to the news, this puts the shares on a PFER of 3.7x, an extreme undervaluation." "I have marginally increased my forecast for 2010/11 since the faster growth in IVAs is more significant than the switch from modest growth to modest decline in Abacus‟ new business to £1.9m pre-tax, leading after a normal 28% tax charge to eps of 0.44p (we don‟t expect the group to actually pay that much tax as it has accumulated losses to shelter much of its profits). At the current price of 1.65p, the shares are on a PFER of 3.72x The group has now clearly established itself as a profitable growing business and is the only quoted competitor to the larger and longer-established Fairpoint, the market leader in personal insolvency solutions. We think that Fairpoint is undervalued as some investors take a jaundiced view after it briefly fell into loss under the previous management, so its PFER of c.6x is an unflattering basis for comparison. However, even against this yardstick ClearDebt looks undervalued on a PFER of less than 4x and we think the share should be at least 2.5p; in the medium to long-term, it should more than double."

"ClearDebt has made steady progress in the first three quarters of the year before seeing a rapid acceleration in the number of new plans in the fourth quarter following the introduction of further lead sources. Case numbers in the first quarter of our current financial year are expected to be well ahead of the fourth quarter with 216 cases already passed by the end of August and a solid pipeline in hand. This first quarter is one of the quieter periods of the year for the industry due to the summer holiday period and so bodes well for the rest of the year." "The last quarter of the financial year produced a record number of IVAs for the Group and this figure has almost been achieved after only two months of the first quarter of the new financial year. Given the current economic outlook in the UK with unemployment showing no signs of falling together with further tax rises and public sector cuts to come in the short to medium term, I believe the Group is well placed for another highly profitable and successful year – without any further acquisitions. We remain delighted with our organic growth, but also are entirely open to the possibilities of acquisition, due to our unique Kaizen based scaleable business model." note VAT rises and public sector job cuts have yet to be implemented and still IVA growth is almost doubling per annum.

yep...

max 250k..this is down from last weeks 500-1 mill so overhang gone imho 50k just taken on plus at 1..625p!

The last quarter of the financial year produced a record number of IVAs for the Group and this figure has almost been achieved after only two months of the first quarter of the new financial year.

see what i mean about sentiment - now the next results are in 6 months... The growth of new IVAs continues to be strong and ClearDebt enjoyed an excellent year with a 65% increase in the number of IVAs passed in the year with 799 new cases (2009: 483) and a large rise in profitability. I am pleased to say this rate of growth has recently accelerated further as new lead sources come on stream. Following the acquisition of some 3,700 IVAs and PTDs from Relax last December, ClearDebt now has as at 30 June 2010 a total of 4,894 IVA and PTD’s generating income (2009: 858). ClearDebt has made steady progress in the first three quarters of the year before seeing a rapid acceleration in the number of new plans in the fourth quarter following the introduction of further lead sources.

still can buy at 1.695p it must be Xmas!

this is cheap as chips now - proven... safe 2 bag at least in the next 6 months

250k taken at 1.68p buys will carry on as the news settles in...

there was an overhang and you could buy at 1.575p now it's 1.68p this is cheap for obvious reasons however as i;ve been stating on here there has been poor sentiment (read the results and ask why but there you go....) so people did sell at 1.8p hence the drop but these will be 4p plus in 6 months...

are you awake m8?

http://www.advfn.com/p.php?pid=nmona&article=44406843&symbol=L%5ECLEA