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in FT Unlikely survivor of the IVA revolution streaks ahead By David Blackwell Published: November 27 2009 02:00 | Last updated: November 27 2009 02:00 The roll call of companies specialising in consumer debt problems three years ago was lengthy. A whole sector sprang into life on Aim specialising in individual voluntary arrangements. The instruments seemed tailor-made for the overstretched consumer, allowing the payment of an agreed proportion of his or her total debt, usually over five years. Investors were delighted in the early days, in many cases quickly doubling their money. But most of the creditor banks disagreed with the view of Sir Fred Goodwin, then head of Royal Bank of Scotland, who said IVAs - if used properly - could work to everyone's advantage. A tougher stance by the banks sent the sector into a tailspin in early 2007. The industry seemed anxious to distance itself from the past. Debt Free Direct changed its name to Fairpoint, which is still the market leader, albeit much smaller. It returned to the black two months ago. Debtmatters sold its IVA business in March last year and changed its name to Loanmakers, which appointed administrators early this year. Debts.co.uk changed its name to Relax, and its shares - trading above 200p in 2006 - were suspended at 11p on October 6, pending clarification of its financial position.

at full ask... mms are poked

there is not a lot of stock around - someone bought 8 mill shares last week .... they know somethings cooking

buyers off the starboard bow

can see buyers

u here too 1.We are due news on Zafiro gas reserves survey any time - EG are planning on double their exports within 5 years based on accidently finding more gas than they thought. 2.We are due asset news before Xmas on Nigerian asset purchase If you want to know more go to advfn and ask groats to send you some info as there is a reason to be bullish - and while no one is watching accumulate....

http://business.timesonline.co.uk/tol/business/industry_sectors/article6930504.ece there looks like there could be signifacant news shortly

drop on buying new limits are 100k at 1.945 250k at 1.69

1 vs 1

we are expecting a reserves update from the Zafiro field but not sure when it is due we are expecting news re nigeria asset but again not sure when it was due we may get news re funding but again we have a 10 mill gbp gem facility and Afren and Afgas said they are happy to stump up the cash if/when needed.

and blue

online buy limits have been cut to a 100k - it would be 1 million if the 8 mill was a sale also we have buying today of 800k so stock supply is drying up...

good to see another blue day as people buy in advance of the agm/trading statement next tuesday 24th. tuesday there was selling but the price for once did not fall so i think mms may be wanting to accumulate stock too as they may well have got wind of good news and yesterday we had a couple of largish buys (by CLEA standards). chartwise we've double bottomed macd rising up through blue and in control upper bollinger breached rsi rising

8 mill shares is far in excess of a normal trade size - 8 mill is 200k gbp whether it was a buy or a sell it was clearly worked as the market could neither absorb or supply that amount of stock. I think it was a buy - but if it was a sell then i would have thought that was a good price to sell a huge amounnt stock on the offer side of the market...as the mms have been paying 2.37-46 for stock today for a 100k they are not going to pay 2,5p for a 8 million LoL . so i still think it was a buy based on the evidence and not a trapped longs emotions.

it was reported after a few sells i think it was a buy order that has been worked on for the last few weeks or more - we could see an rns... if it was a sale the sp would have dropped 25%.

2 vs 2

i can sing a rainbow.. i hear your frustration re a chart - but i hear no "discussion" or even mention of the cos fundamentals:- very shortly from a chart perspective a decision point will be reached after the May spike to 5.2p has spent 6 months forming a pennant at which we are approaching the sharp end where the market has to decide to go 1 way or another :- that's my opinion based on looking at known chart patterns. It's also the view of fingers xxd who has his own charting thread on advfn and does not hold. As you are interested in charts and think we are rangebound then this was posted on advfn by someone else who does not hold gas but is another respected chartist:- mckenzie one - 14 Nov'09 - 09:04 - 4857 of 4865 eye2. GAS has been trading side ways for 5 months, on 15th OCT, it made a posative Divergence on stochastic 12/3/3. @ 2.3p Its all so made a reverse H/Shoulder pattern that will lift you up to 3.5p GAS has the same as TIG, A Gap down from 6.5p to 6.1p So i would think it will go up to 7p then pull back. Cheers.

look at how the co has grown and have a read of the Seymour P research note. It is a growth stock. They are predicting profit to the end june 2010 of 1,25 mill..current market cap is now 5.125 mill. They also give a price target of 3.2p. Both are conservative. If the co make a 1.25 mill profit and it's worth 5.125 mill... it should be worth 12.5 mill on a p/e of 10....

AGM is this month 24th november - there should be a trading statement as there was in the last AGM statement.

chartwise 1.double bottom 2.bounced off and upthrough 200 day ma 3.rsi rising 4.intraday reversal - red to blue aka hammer on the candlesticks