Surprising that no existing thread on Debtmatters (DEBT). Big run up this year and Shares are expecting more to come. Been watching for a while but recent news of accelrating expansion has encouraged me on board.

DEBT is a relative newcomer to the market: revenue up 230% to 2.44 at interims to Sept 2005 and pbt up 530% to 818K. In comparison DFD turnover to October 2005 (interims) more than doubled to 6.4m with pbt of 1.86m. DEBT achieved 200 IVA's for the first time in September: this became 344 in January and 534 in March. DFD has approaching 20% of the market which appears to be expanding at about the rate achieved by DFD as their share is constant. From this I deduce that DEBT has a way to go at its exceptional current growth rate. OK a pe around 90 appears high but two years could bring it to 30 and then 10.

From the charts there is terrific momentum in the climb. It may be that we have had two legs of a three-legged climb. Best to be on board for the journey!

Eric

As i thought when i looked last night ,it had got off lightly ,not today though ,,if the market turns this will turn sharply with it ,my only concern is that this is more than just a correction ,i suppose the next few weeks will tell .

Jimmy: I suspect it is just a greater level of volatility probably arising from the proportion of hot money in the share and possibly also shorting it. Was shaken out at 304p as I held the shares in a cfd and couldn't risk a further fall. Convinced on the fundamentals but it is cioping wioth the market! How is my doggy friend taking it?

Eric

Sorry to hear that Eric ,this is not normal circumstances ,since i was in,, it has bounced around but always climbed ,,i stopped myself out of a large spread bet on CHTR (just as well) other than that i'm staying out until it looks like there is some sort of direction to the market ,i'm not clever enough to read this one .

Jimmy. Well done as you saw the merits of this one earlier than most of us. Bound to be a shake out in this sort of market even though the analysis by sd and others shows that there is a way further to go. If you are sitting on a really good profit, might be worth taking half of it or, better, recovering your original stake.

Eric ,i took profits a while back and left a few to run ,i also sold those when the market turned ,so i got this one right ,luckily i wasn't in much when the market fell ,except a large spread bet on Charter ,however that was enough to turn me to alcohol .Cheers .

Well done again, Jimmy. A lesson that it has taken me a long time to learn is, if you don't get in early, don't get in at all. Its the early birds that catch the worm. Have you any juicy worms in sight?

This has come storming back ,,i thought it would.

Debtmatters has been my 'star' share. Got in @75p & still holding. Debts.co.uk is a new company to the market & Invocas which floated earlier in the year has apparently 'got the Scottish market sewn up'. Agree with an earlier post, much talk on the boards of the mining & oil stocks but just need to looks at the gains made by Accuma, Debt Free Direct & Begbies Traynor & easy to realise that exposure to this sector is worthy of investment

Gaining back all it's losses now .

Good to see finals showing a 20% improvement on my (hardly dare believe) estimates in post 12 above to 2.8m pre-tax, giving a fully taxed EPS of 7.96p and a PE of 42 / PEG of 0.13.

Looking forward to studying the deails when published on 16th June.

sd

Good to see finals showing a 20% improvement on my (hardly dare believe) estimates in post 12 above to 2.8m pre-tax, giving a fully taxed EPS of 7.96p and a PE of 42 / PEG of 0.13.

Looking forward to studying the deails when published on 16th June.

sd

Results yesterday confirm the trading statement from earlier in the month. Great growth company with a growing market share of a market expected to double in 2006 (having pretty much doubled in 2005 as well). Seems well run and good margins / ROCE. EPS, PE, PEG all looking good as its astronomical rating comes down to market average PE of 14 over the next 2 years. Nice positive statements from Chairman Noel Guilford and CEO Ges Ratcliffe.

Turnover on the IVA business was at the more optimistic level of my two forecasts back in April, but margins were slightly lower at 58.5% than the 60% I anticiapted, with overhead lightly less than my guess. Overall operating profit 12% ahead of my guestimate.

The Unique Business corporate insolvency practice with net assets of 114k acquired from the CEO for 400k has turned in operating profit of 208k very nice too.

Only small cloud to watch on the horizon is the acquisition of loan broker Loanmakers for up to 19M against pre-tax earnings of 1m, to be paid for by 10m loan from RBS and the balance in cash/shares over the next 24 months earn-out. This whooshes the gearing up to 224% - not very clever in this day and age of rising interest rates - and removes all the cash (assuming the large list of debtors pay up) from the B/S for the next couple of years, reducing the prospect of any dividend for the foreseeable future. Still an exit PE of 19 is less than half DEBT's PE of 42 (diluted by end of year shares in issue) so, if it grows as fast as its parent, it could well have a silver lining.

Looking at this year, we are on track for 6.9m operating profit (nearly double turnover, margin of 60% and ooverhead of 2m ??) from the two existing businesses and, say 1.1m from the acquisition, makes 8m, or 5.6m after tax. EPS and PE calculations are difficult to assess given the acquisition of Loanmakers and part payment in shares to be issued, but it should look pretty good for this year and even better next year as the effect of the acquisition washes through and its earnings start to move forward.

sd

DEBT ticking up a few points this morning - i see DFD are due to post their preliminary results tomorrow - might be worth keeping an eye out for, expected to be good.

Attached release from DEBT adds great credibility to this company which is now poised to continue its rapid growth in this sector - interesting how its share price growth has mirrored DFD, but at a 'delay' of about 5 months - looking at 4.00 - 4.50 by christmas IMHO

augustman

Debtmatters Group PLC
14 September 2006


DEBT.L

Debtmatters Group plc
('Debtmatters' or the 'Company')


Major accreditation award and new Insolvency Practitioner appointment
underpin further expansion

The Board of Debtmatters is pleased to announce that it has received
accreditation under ISO9001 for the Company's quality management system. The
Company believes that this prestigious award reflects Debtmatters' ongoing
commitment to delivering best advice to all who contact it. The detailed audit
of Debtmatters' systems undertaken as part of the accreditation has reinforced
the Company's confidence that it is not only achieving compliance in all its
working practices, but also has sufficiently robust systems to continue its
rapid rate of growth.

The Board also supports recent sentiments concerning regulation of the debt
industry and would welcome any future regulatory requirements The challenging
accreditation achieved by the Company, in a process taking almost a year,
demonstrates its willingness and ability to meet any increase in regulation
which may be introduced.

As part of the Company's ongoing growth strategy, the Board is delighted to
announce the recruitment of another Licensed Insolvency Practitioner ('IP'),
Martin Hepworth, bringing the total number of active IPs to six. Martin was
formerly a partner in Debtmatters' predecessor practice, Ratcliffe and Co,
before moving to establish his own practice. He has considerable IVA experience
and his arrival will strengthen resources in this key area, enabling business
volumes to continue their rapid rise.

This continued growth, has necessitated further premises expansion. The Company
now employs around 200 Debtmatters staff and 70 Loanmakers staff, and has agreed
terms for a further 20,000 square feet of office space immediately adjacent to
its existing 15,000 square feet of offices. Half of this will be used to
accommodate Loanmakers Limited and the remaining half will facilitate organic
growth in Debtmatters Limited.

A pre-close trading update will be announced during the week commencing 18
September 2006.


Ges Ratcliffe, Chief Executive, commented,

'We are delighted to have been awarded this accreditation for the quality of our
systems. We believe it to be the first of its type in our industry, and
particular thanks go to our Insolvency Director, David Rankin, and his team for
all their hard work in achieving it. I am also pleased to welcome Martin
Hepworth to the business. Having worked with him before I know what a valuable
contribution he will make to the Company's continued expansion. I look forward
to updating shareholders on our progress more fully in a week's time.


For more information, please contact:

Ges Ratcliffe CEO, Debtmatters Group plc 01204 678 200
Dugald Carlean / Freddy Crossley Charles Stanley & Co. Limited 020 7739 8200
Shane Dolan / Dan Bradley Biddicks 020 7448 1000




This information is provided by RNS
The company news service from the London Stock Exchange

from donaferentes on the other board

Good strong trading update on DFD this morning with robust attitude to welcoming regulation - should help sector sentiment.

looks like some form of regulation will start to be applied to the debt co's - should benefit the larger + more "ethical" players - DFD and DEBT - while the banks start to face up to the problems caused by their loose lending policies over the last few years.

I guess the industry will concentrate down to a couple of leading players, who work with (& are recommended by) the UK banking industry; the growth in this subsector should follow that from the US, where penetration rates are over 5x those in the UK currently for this kind of product. (IVA)

Sentiment for the stocks should start to improve , the likely rate rise this week will help, while I can almost see the headlines already about Christmas debt levels...

Excellent results...


RNS Number:3933M
Debtmatters Group PLC
21 November 2006


DEBTMATTERS GROUP PLC
("the Company")

Interim results for The Six Months Ended 30th September 2006


Financial Highlights

Strong performance across entire business and accordingly the Board
anticipate that results for the full year to March 2007 will now be ahead of
current market expectations

Revenues up 465% to 13.79million (H1 2006: 2.44million)

EBITDA up 531% to 4.83million (H1 2006: 765,000)

"Approved" IVA cases average 503 per month during the period underpinned
by strong conversion rates

Infrastructure in place to support further growth with additional
Insolvency Practitioners recruited

Acquisition of Loanmakers now fully integrated and performing well with
cross referral opportunities emerging

Regulation ready: ISO9001 accreditation awarded with systems and
procedures in place ensuring Company ready for increased regulation

IVA market continues to grow rapidly. Directors are confident the
Company is well positioned to continue its growth


Ges Ratcliffe, Chief Executive of Debtmatters, commented,

"I am delighted to announce another strong set of results as Debtmatters
consolidates its position as one of the UK's leading debt solutions providers.
Growth is accelerating across our entire business and in order to support this
we have made the necessary investments in both infrastructure and management
systems.

"As a result, we have exceptionally strong foundations in place which will
underpin our IVA and secured loan businesses as they continue to grow their
market share. With 636 approved IVAs secured in September, a near threefold
increase over September 2005, and with ISO9001 accreditation in place we are
primed for further growth."


Enquiries:

Ges Ratcliffe CEO, Debtmatters Group plc 01204 678 200
Rick Thompson / Freddy Crossley Charles Stanley Securities 020 7149 2000
Shane Dolan Biddicks 07947 118 383


Debtmatters Group plc
Interim results for the six months ended 30 September 2006

Chairman's Statement

I am delighted to report Debtmatters' interim financial results for the six
months ended 30 September 2006.

During the period under review, the Company has achieved strong, profitable
growth and continues to consolidate its position as one of the UK's leading
providers of consumer IVAs. Financial performance is ahead of the Board's and
market expectations with turnover up 465% to 13.8 million and profit before tax
up 494% to 4.4 million compared with 2.44 million and 0.74 million
respectively for the same period in 2005 (as adjusted for the provisions of FRS
20).

In September 2005 we processed 230 IVAs; by contrast, September 2006 was a
record month with 636 IVAs processed by us, a 275% increase on the previous
year. This sustained growth has been underpinned by the appointment of two
additional Insolvency Practitioners. In addition, we have taken on a further 60
staff in the period since March 2006 and agreed terms on a further 20,000 square
feet of office space. These actions have significantly enhanced our IVA
processing capability as well as secured our reputation for offering industry
leading service levels.

Key achievements during the period include the successful acquisition of
Loanmakers, which has been integrated with our existing business and will
relocate to our Middlebrook premises shortly. Loanmakers' results since
acquisition are in line with expectations.

The Board is confident of further progress in the current year and beyond and
strongly believes that Debtmatters is well placed to deliver steady and
sustained growth in a growing market and anticipate that results for the full
year to March 2007 will now be ahead of current market expectations. I look
forward to updating shareholders with further progress in due course.


Noel Guilford BA FCA MSI
Non Executive Chairman



Debtmatters Group plc
Interim results for the six months ended 30 September 2006

Chief Executive's Statement

Business

I am delighted to report an exceptionally strong set of results as the Company
continues its growth momentum and I feel we are well placed for further growth.
Our market share has grown since joining AIM in June 2005 and we hope to
consolidate our position as a leading provider of debt solutions to the UK
market.

The Market

The IVA market continues to grow rapidly and shows no sign of abating. I
anticipate this trend will continue into 2007 and beyond with many commentators
predicting that the market size will more than double by 2009.

I believe that the company has the infrastructure in place to capitalise on this
forecast growth. September 2006 was a record month for Debtmatters in terms of
case volumes with 636 cases approved in the month. In the last six months,
growth has been such that we have again had to accelerate our plans to increase
our office space. The Group now occupies 35,000 square feet, accommodating the
new staff we are recruiting and enabling us to relocate Loanmakers into the
Group's headquarters.

I am particularly pleased to report that Loanmakers has made an excellent start
to its life under the Group's ownership. Volumes of business are in line with
expectations and we are pleased by the encouraging early signs of the levels of
referrals between Loanmakers and Debtmatters. This is an area we intend to build
upon once Loanmakers has relocated in the next few weeks.

Industry Issues

In recent months, we have witnessed a great deal of press coverage concerning
the "debt industry" in general and the IVA sector in particular. Debtmatters
welcomes calls for greater regulation and we believe our continuing investment
in systems and procedures will ensure that when this arrives we will more than
meet the standard expected. We have already invested significant time and effort
in developing a system to meet the rigorous demands of ISO9001 accreditation. In
recent months a number of competing interest groups have been established hoping
to formulate a framework for greater levels of regulation. I believe Debtmatters
is in a strong position to meet the requirements set by whichever of these
groups eventually has the mandate to set standards.

Strategy

With one of the lowest costs of case acquisition and one of the highest
conversion rates in the sector, our strategy for continued growth continues to
be centred around organic growth primarily through direct marketing and
advertising activities. Our low cost of client acquisition and high conversion
rates primarily derive from two key factors:

A tightly managed overhead structure and low cost base (demonstrated by
industry leading net profit margins), coupled with very low staff turnover,
enable Debtmatters to undertake cases at very competitive levels of
supervisory fees.

As we disclosed at the time of flotation, Debtmatters has an
infrastructure of representatives who are able to undertake home visits
anywhere in the UK where an IVA is being considered. These representatives,
who are not incentivised with commissions, demonstrably enhance conversion
rates. The involvement of these representatives also helps to accelerate
turnaround times on cases, providing clients with excellent service and
thereby reducing the number of clients who do not follow the process through
to its conclusion.

Outlook

We will continue to strengthen and develop our established IVA business and
recently acquired loan brokerage and seek to capitalise on the potential
synergies available from a multi product strategy.

We have established a solid infrastructure with robust 'regulation ready'
management systems to address the challenges of greater regulation which will
inevitably arise. These systems will provide a platform for the continued growth
of the business as the Group benefits from a rapidly expanding market and the
economies of scale achieved to date.

The Directors are confident of continued progress and look forward to updating
shareholders in due course.


Ges Ratcliffe
Chief Executive

Good article in the Shares mag on DEBT and DFD this week.

Debtmatter reports strong progress
MoneyAM
Debtmatters Group said pretax profit for the first half beat market forecasts on strong performance across the business and it now expects full-year results to be ahead of expectations.

The company, which provides solutions to consumers in debt via Individual Voluntary Arrangements (IVAs), said pretax profit rose 494% to 4.4m as revenues rose 465% to 13.8m.

CEO, Ges Ratcliffe, said Debtmatters is confident of continued progress as it is well positioned to capitalise on the rapid growth in the IVA market.