Bankruptcy Advice Firm's Shares Go Up Up And Away

[Realistbear]

http://freeserve.advfn.com/news_Debt-Free-...E_14084149.html

LONDON (AFX) - Debt advice firm Debt Free Direct Group PLC said annual

profits will beat the consensus analyst forecast, crediting robust trading over

the first nine months of the financial year.

By 2.00 pm, DFD shares were up 4.13 pct at 315-1/2 pence, valuing the

company at about 117 mln stg.

The stock has more than doubled in price

since the

end of January 2005, buoyed by expectations that DFD will benefit from mounting

consumer debt problems as economic growth slows.

Further evidence of the UK's growing debt burden came last week when the

Department of Trade and Industry said there were 20,461 personal bankruptcies in

England and Wales during the final quarter of 2005, a 57.1 pct increase on the

same period a year earlier.

Another sign folks, another sign.

Edited February 6, 2006 by Realistbear