Best Casino Sites Not On GamstopUK Casino Not On GamstopCasinos Not On GamstopNon Gamstop CasinosNon Gamstop CasinosNon Gamstop Casinos

Debt Free Direct

Companies: DFD ��
03/05/2005

Lancashire-based Debt Free Direct (DFD), the debt advice and solutions company backed by Growth Company Investor at 66p, has pleased the market with a prediction of continued growth in its market place. In a bullish trading update, DFD explained that with property gloom hitting consumer spending and higher interest rates tipping many households into debt crisis, many more consumers were finding it impossible to sustain record levels of debt and 'the signs of consumer debt fatigue are already showing'. To illustrate further, personal insolvencies in the final quarter of 2004 were up nearly 35% on the same period for 2003 and in the first quarter of 2005 there was a 20% rise in court orders against people failing to meet mortgage payments. Chief executive Andrew Redmond says Debt Free Direct, which helps individuals to find the best solution to their debt problems based upon an analysis of their own particular financial circumstances, is likely to benefit from this consumer downturn. The company, which is growing its share of a rapidly expanding market and recently raised �8.5m at 142p to help fuel its growth, also says full year profits will meet market forecasts. So investors might expect an emphatic jump in profits from �376,000 to �1.89m, translating to earnings of 4.1p. However, with the shares swapping hands for a pricey 37 times forecast earnings, a spot of profit taking is most definitely in order. Reduce.


People who read this article also read ...
28/11/2005
08/06/2005
03/05/2005
03/05/2005
08/07/2004

LSE�161.76m 433.50p -5.00p
Other company articles:
13/03/2006
20/02/2006
02/12/2005
28/11/2005
19/08/2005

Sponsored Listings

Trade Shares Online - Man Spread Trading Real time online trading, free software, lower margins, with tighter spreads than most. Open deposit or credit accounts online today. Part of Man Group plc, a FTSE100 company.

Jupiter - Stocks & Shares Jupiter offers a wide range of award-winning products - unit and investment trusts, tax free investments, ISAs, PEPs and SIPPs for individuals and institutions.

Trade Shares at TD Waterhouse Open an account with TD Waterhouse and get two months commission free share trading. Trading accounts available online today.

Recommendations

E-Pay Asia

BUY

RC Group

STRONG BUY

Inter Link Foods

HOLD

XL TechGroup

HOLD

Lok'n' Store

BUY

EBT Mobile China

SPECULATIVE BUY

Formation Group

AVOID

Mondas

SPECULATIVE BUY

Vindon Healthcare

SPECULATIVE BUY

LiDCO

AIM