This new float is already doing well and if it follows DFD and ACG in value any investor can look forward to a multibagger. Anyone else interested?

Out of the four company's I have followed in this sector, I think DETS and DEBT are the better bet, not alot between them. DFD still seem fully valued and ACG do seem a litle accident prone. All imho.

DETS Down 10p to 117p today due to a profit warning from Accuma whos sp went down about 50%, Accuma always seemed to be the weakest company. But debt.co.uk, DFD and Debtmatters have all recently given out more positive trading statements.

All three company's sp were slightly down today due to Accuma's profit warning.

25th May annouces acquisition of Adie Financial Solutions which is based in Scotland offering Debt Solutions, which is the same area dets operate in. DETS have paid 400,000 in cash which was financed via a 1.63m placing at 1.05, the extra money will be used for continuing expansion etc.

As with all these company's they have raised money via a placing, it would be nice if the private investor could also have a chance of picking up new shares in a rights issue.

But having said that I'm pleased with the direction DETS are heading.

Also on 25th May DETS released a very intersting trading update below.

The Company is pleased to report that trading to date remains up to
expectations. Enquiries continue to grow and conversions across all our
operations are in line with budget. Our long experience and breadth of
operations and solutions continue to offer strength to our income stream as well
as ensuring best advice to debtors.


Despite the negative sentiment expressed in the media towards the sector and
IVAs in particular and the specific problems of some of our competitors we have
not experienced any downturn in this area. Our 3rd quarter showed an increase of
17.2% in IVAs concluded. Similarly our fee levels were firm.


We remain confident that the discussions taking place with lenders under the
umbrella of the Debt Resolution Forum will in the near future produce an
agreement which will be satisfactory to both sides. We have always been fully
supportive of moves to bring greater regulation and transparency to the
industry. It is clear to us as a participant in these discussions that there is
a definite desire on both sides to reach an agreement. There are a large number
of issues, especially procedural, to be resolved but we believe we will be less
impacted than many of our competitors. As the industry changes this will present
further opportunities and we are well placed to take advantage of these.


Overall growth continues and given the prevailing market conditions and our
capabilities we remain very confident of our future prospects.

See below the Broker Seymour Pierce forecast update 25th May 2007.

Rating = Buy

2007 - Profits = 3.81m & EPS = 13.4P
2008 - Profits = 5.71m & EPS = 18.7P

I believe when you way up all of the above, DETS looks more attractive all the time. But please dyor.

Regards