Any opinions to where DFD is heading next ?.. Unfortunately I bought in at 1.60 apiece, and was sickened to see the big drop at the end of business today.

I do hope" Debt Free Direct " is just taking a well earnt breather Before steaming ahead again later this week.

Does anyone agree or is there something we should know.

Look forward to hearing your views.......

poor start to the new year agreed down 7% today split 144 - 148
however there were more buys than sells and when you look at the stats
brokers are forcasting ptp to end april 05 at 1.9m up from 380k last year
rising to 3.3m in 2006
the board stated on 11 nov 04 they are confident of making forcasts next year
the current forward per to year end is around 24 droping to around 20 next
year not cheap but still not demanding for sector
they also benifit from low gearing good roce 12% and margins of 10%
the market has also been firmly behind it with relative strength
of 30% - 80% - 130% - 500% - over 1 - 3 - 12 - 18 - months
this is an outstanding growth company and in my opinion will continue
to be with the high level of personel debt and ease of borrowing in our
society today
you can never be sure what is happening behind the scenes but there does not
appear to be anything untoward going on and i for one will be holding on for
more in 2005 unless any realy bad news comes out to change my view
hope this helps

regards HUSTLER.

Cheers Hustler,

The general consenses is, that it follows your views and there is great prospects for the company.As you said you dont know whats happening behind closed doors.

Im sure things will start picking up again pretty soon.

? Is there supposed to be a trading statement due soon and if so when abouts.


Cheers

skerxon514

Last year's interims were released on the 15th jan.

Look at the cash. Using overdraft, only asset imo to finance is debtors which at 3.7m represent a lot of last year's sales approx 5.4m. Unless drastic improvement in cash flow they will need more money and likeliest place is the shareholders. If I had any (and never been a holder, so perhaps missed out) I would sell. DYOR

A lot to take into account here. Not least the fact that the original tranche od stock issued to create the company is now free to be sold and has, undoubtedly,contributed to the price drop.There are always heavy debtors in this type of business but the essence of it is that its always received.Anyone who watches a price rise of approx DOUBLE and then purchases the stock deserves to be certified - unless they have priviledged info - there are ALWAYS price dips in the best of companies and THATS when you salt the stock away - and this one IS WORTH SALTING AWAY.

I think the drop is a bit overdramatic IMO. The volumes of customers continues to increase. Perhaps better that they expanded so soon after the interest rate rises so they are more able to deal with increasing customers who are now facing problems as the rot has set in.
I appreciate what you are saying partridge but I agree with Hilldee.

Just in case you missed this mornings news.

Debt Free Direct swings into H1 loss as overhead rise outweighs sales increase
AFX


LONDON (AFX) - Debt Free Direct Group PLC said it swung into a pretax loss in the six months to Oct 31 after a sharp rise in overheads more than offset a 66 pct increase in sales to 3.09 mln stg.

The group reported a pretax loss of 9,000 stg compared with a profit of 111,000 stg a year earlier and there was a similar dampening impact on EBITDA.

'Overheads and, in particular, employee numbers have increased significantly to expand our operating capacity and facilitate future growth.

'This has had a short-term impact on EBITDA during their initial training period,' the company said in a statement.

newsdesk@afxnews.com

Nice tick back up today. The buy tip in the Independant has probably helped.

And I sold half my holding yesterday...:-( Still, made a decent profit on that half. Let's hope that the other half that lived to fight another day does so with gusto!