| Author |
Message |
     oldwombat
Member
Username: oldwombat
Post Number: 556
Registered: 04-2004Rating: N/A
Votes: 0
|
| | Tuesday, May 03, 2005 - 05:25 pm: |  
|
Reckon this one is going to go like the clappers. Could be wrong but.
|
bluebird
Member
Username: bluebird
Post Number: 56
Registered: 07-2004Rating: 
Votes: 1
|
| | Tuesday, May 03, 2005 - 09:25 pm: |
|
Or you could be right.
The figures look good too.
http://www.repcol.com.au
Regards
BB
|
oldwombat
Member
Username: oldwombat
Post Number: 603
Registered: 04-2004Rating: N/A
Votes: 0
|
| | Saturday, May 07, 2005 - 10:16 pm: |
|
Dead in the water or buying opportunity?
Debt collection agency...might be a growth industry soon.
|
oldwombat
Member
Username: oldwombat
Post Number: 654
Registered: 04-2004Rating: N/A
Votes: 0
|
| | Saturday, May 14, 2005 - 11:31 pm: |
|
On its way again?
|
msparks
Member
Username: msparks
Post Number: 133
Registered: 10-2004Rating: N/A
Votes: 0
|
| | Sunday, May 15, 2005 - 03:17 pm: |
|
Hi Womby
You have been very busy the last month adding some good picks to the longs and shorts and a well organised sector paddock.The back pages are getting difficult to navigate, especially if looking back for something previously browsed over.
Just read the FATS , new fund of Fat Prophets and they may have been the buyer pushing this one up.
Someone has made a lot of bucks out this one lately with the share price movement.
I wonder if we rang them would they tell us before they buy in to the next one perhaps.
The fund managers and their associates could skim a lot with the power they hold via investment decisions.
Or ,am i being a bit skeptical ?
From the report/announcement
Repcol Limited
A Perth based company we visited in early April 2005, it collects overdue debt
(generally credit card) on behalf of clients for a fee, but also purchases debt portfolios
(for a fraction of the face value) for its own book.
With personal debt at record levels and the Australian economy slowing, the macro
environment for Repcol is attractive. In fact, we consider this stock to be countercyclical
and a great defensive play at this stage of the economic cycle.
At the micro level, debt collection is time consuming, with trained articulate staff
required to help individuals “rehabilitate” their financial circumstances (We saw no
baseball wielding individuals on our site visit, but rather a company committed to
helping individuals get on top of their short term financial difficulties).
With low unemployment in Australia, there is a risk of wage inflation cutting margins
and as “working as a debt collector” may not be considered by all as the most
glamorous occupation, low unemployment rates, can increase staff turnover. This
would add significantly to costs – of any debt collector.
What makes Repcol attractive? Repcol foresaw a tightening labour market and has
established a large competitive advantage over its competition (from having lower
costs) by building human resources capability in Bangalore India, where it conducts
much of its telephone business using VoIP (Voice over Internet Protocol) technology
which lowers costs (internet calling).
We believe the sector is attractive and that Repcol has a competitive advantage within
that sector. In our opinion it is undervalued and hence we have purchased shares in
Repcol that presently make up approximately 4.5% of the portfolio
That would 4.5% of approx 32 million raised.
The other stock they have loaded in to the 15 stock portfolio is OSH.
|
dogalog
Member
Username: dogalog
Post Number: 1352
Registered: 03-2004Rating: N/A
Votes: 0
|
| | Sunday, May 15, 2005 - 04:25 pm: |
|
What do you know about VoIP mm?i thought it only worked computer to computer not to landline,mobiles?i could be very wrong about that and i'm happy to be told so.
So you think the solution to 'It's not being very pleasant to be a debt collector' is to take a position in Bangalore so you can hire 'dedicated' staff to bring solutions to Debt beset Oz citizens?Do you really think that's a 'Goer'?[if they set up in Goa,i'd understand!!]
Anyway I was Chief Write Off Officier for Qld once in the Tax Office,i was a write off all and every day!
I think the debts that they'd be getting,would be preety desperate like hopeless and no sweet Indian talking on the Internet?
Well i just reckon that they have probably got dudes with baseball bats somewhere in d'Organisatation.
Did you pick up that the amount they SAY was bought [4.5%] doesn't have to be ASX declared by them to d'ASX? Formally disclosed like? then you start wondering?at least i do.
cheers,
jr
|
msparks
Member
Username: msparks
Post Number: 134
Registered: 10-2004Rating: N/A
Votes: 0
|
| | Sunday, May 15, 2005 - 04:56 pm: |
|
Hi dj
The indian connection is a very low cost way to manage office and communications.
India is the world office and china the world factory, this will be fact!!!
I may be wrong but india is the call centre capital of the world and whenever you ring telstra or the like you may be talking to an indian, they are trained to speak the lingo for each country so you would not know you were talking to a Peter Sellers type,loved that movie.
Voip is the best thing since sliced bread dj and costs nothing to communicate via internet,instant message and voice, need broadband, free phone calls computer to computer anywhere in the world, can link up to landline for prices cheaper than normal phonecall,will be the demise of Telstra as eventually the telephone will be internet based i reckon,you can have 3 or 4 on line at once etc etc etc.
Mobiles will be OK and more will need internet on the mobile so G3 will be a hit too i reckon.
As for the last few lines of your post, don't get it???
Is there no money in debt collecting dj.
CLH,CCP,RPC a few about?
Cheers
|
dogalog
Member
Username: dogalog
Post Number: 1354
Registered: 03-2004Rating: N/A
Votes: 0
|
| | Sunday, May 15, 2005 - 05:36 pm: |
|
India is a call centre for European,esp English [England],i heard because the English are used to their accents much more than us in Oz are.Have you been rung on a cold call,Mark by an Indian?I have and i remember speciffically an Indian ringing on behalf of the CBA to sell me bankcard insurance.Unfortuneately for him,i'd read the blurb on this and when i said 'Not interested ,mate,looks like a rort to me',well he didn't know what i was saying,and sorta chucked a fit.I,of course,maintained my composure Exempelary,if i say so myself,explained to d'Indian why i didn't fancy his proposal,and,well next month I got a Credit Rise in Limit.
As for fat prophets and the 4.5%?there is no proof they bought,and no paperwork required if/when they have sold.Their fund is being watched very closely,from what I've read,the OLD Guard,mark,don't like 'Youngsters' raising a couple of Mil$$,on a gunner do,with no reputation at all other than a Tip Sheet.The Old Guard,Mark,don't want no fat prophets queering d'pitch[cricket term]
Anyhow,MM,i realise you're not glorifying Fat Prophets,we got the Golden Cow on tap here,all ready.
cheers,
jr
ps-when you are actually going to buy a Debt Agency,you can talk to me about it then.I don't think they're a good stand alone business for a Listed Co to be in.too many private loan sharks in competition.If they have a new angle on Credit Checks? be double wary.
|
msparks
Member
Username: msparks
Post Number: 139
Registered: 10-2004Rating: N/A
Votes: 0
|
| | Monday, May 16, 2005 - 10:33 am: |
|
""India is a call centre for European,esp English [England],i heard because the English are used to their accents much more than us in Oz are""
and NAB
http://www.smh.com.au/articles/2005/05/15/1116095857378.html
The world is going to be a different place sooner than later me thinks.
No more cushy office jobs that can be done elswhere.
|
dogalog
Member
Username: dogalog
Post Number: 1356
Registered: 03-2004Rating: N/A
Votes: 0
|
| | Monday, May 16, 2005 - 11:00 am: |
|
Yes,Mark,you can Hurrah the loss of 'cushy jobs' but you have to maintain inter-relatedness of economic factors.
For example,the most 'interesting' aspect of the NAB head-office sackings is that the headquarters is in Docklands,Melb.
I imagine that many of the 500 who lost their 'cushy jobs' may have relocated there in studio appartments?Thus, do construction businesses fail,Loans become doubtful,Banks reveal higher Bad Debts,their share price falls,dadade.
Check out what happened with Westpac in the 80's,if i remember correctly they were in trouble before 87,never the less i remember every crackpot scheme i came across then seemed to be financed by westpac,Westpac called it increasing Market Share.
Anyway,i'm showing my age,i remember beginnings too much.Like wasn't it not so long ago that every kiddie was being encouraged to be in IT?techno,brains had to be in it to get a job?when did that get forgotten?Ignored,cos someone somewhere else in the Phillipines, Bangalore,would data process for 50cents an hour? We're being dumbed down Mark and we seem too stupid to realise it.Oh well,not my problem.
cheers,
jr
|
msparks
Member
Username: msparks
Post Number: 140
Registered: 10-2004Rating: N/A
Votes: 0
|
| | Monday, May 16, 2005 - 11:24 am: |
|
dj
No hoorah from me.
Just makes me wonder what the future holds due to globalisation and the way the internet and technology makes it so easy to " pick the cheapest price ".
Sometimes paying a little extra has benefits that are not immediately seen by the punters until it is too late.
Producing is good but consuming seems to be a favourite passtime of the west , even if they cannot afford the luxury.
|
dogalog
Member
Username: dogalog
Post Number: 1360
Registered: 03-2004Rating: N/A
Votes: 0
|
| | Monday, May 16, 2005 - 12:36 pm: |
|
Wife just brought a hard copy story on some docklands penthouse buyers and their $15k+ home theatre studio,turned worthless cos the developer went cost cutting,didn't install adequate wiring for the info age and naturally the Buyers didn't check,just assumed and now dere OUTRAGED.
cost cutting?why that's as tricky nay Karmic as ,well,coincidence?
It's all chaos,Mark that's all i can advise.
cheers,
d'jr
|
oldwombat
Member
Username: oldwombat
Post Number: 674
Registered: 04-2004Rating: N/A
Votes: 0
|
| | Monday, May 16, 2005 - 03:02 pm: |
|
ms
Are they pickin the cheapest priced workers or are they gettin workers on the other end of the phone who just don't care if a family is hurtin, cos their lot hurt for years, so they are hardened to hardship and won't soften the demands for payment. You know, follow the script and keep callin....just a thought.
OW
|
bluebird
Member
| |
