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Another director / associate of makes a share purchase. That’ll explain the price movement here today.
Thanks for the clarification Andy. Yes, I haven't really made much on the SP bar the dividend. My cash could probabaly be working harder elsewhere. I should probably sell my main holding when this next gets north of £1.40. But, this is a fun little experiment to see if I can trade the swings a bit. IPF remained surprisingly robust during the pandemic and the last trading update was very positive all things considered.
If anything, with high inflation and rising commodity prices their business is likely to boom.
I don't think if you've had them for 12 years, and kept them, you'll have made much on the SP...a few dividends along the way though. As you see today it is very volatile and that's what I play. The shares were, according to the RNS Grant of shares under The IPF Performance Share Plan ("PSP") so yes he didn't buy them...not that that's a negative thing particularly...in fact to me it seems positive that the share is performing well...but that's just my take on it.
The CFO was given shares under share incentive plan
However their partner did buy 50000 shares a few days back so that’s a good sign
Thanks Andy. I actually inherited some IPF shares about 12 years ago. I've been watching the markets more carefully for the last 4 years and feel like I have a good appreciation of how this share behaves now (as much as you can). It just looked like a screaming buy to me.
Not sure I understand the comment from hxulcolrdoh about the CFO not buying shares on the 6th as it was in a news bulletin as a 'BUY', am I mis-reading this?
I have been buying and selling ipf for a couple of years now and have made a tidy profit from it.... sometimes I've had to wait a few weeks as it languishes and I felt it was never coming back but it always has. I wouldn't keep it for a long time as it's a very volatile share but I always come back to it and increase my holding each time and increase my profits each time. Great fun watching it. I'm down about 15% at the moment on it...but I've been down 50% + before and I've always made on it. It's a sleeper share that gets none of the hysteria like some other shares on these boards and doesn't seem to attract wild speculation and idiots on this board.
Huh... seems to have been reported as a 'BUY'. Still, I see a good upside with the SP this low.
CFO didn't buy anything. Was 'granted' 383,105 shares.
Meanwhile a few weeks earlier the CE was 'granted' 1,556,565 shares.
Not good.
The CFO buy show confidence, so I pulled the trigger here. Only went in for £500 but worth a punt.
Watching this drop today, and regretted not buying last time it went to around 80-90p. The upside seems pretty damn good. I can't be the only one sitting on the sidelines thinking this is a good opportunity?
Looks like concerns about Eastern European market exposure has set in.
Another very strong set of recovery results with excellent dividend. Well done to the IPF team
Fundamental figures Ubik :
Delivered £67.7 million profit before tax, a year on year increase of £108 million
All business divisions were profitable
Final dividend of 5.8 pence bringing full-year dividend to 8.0 pence. New progressive dividend policy approved
Excellent operational execution supporting strong growth in credit issued
33% increase in credit issued year on year (at CER)
Closing customer receivables of £717 million, up 13% year on year (at CER)
Return to customer growth
Revenue growth returned from Q2 and was 10% higher in H2 compared with H1
Consistently strong collections performance driving excellent credit quality - impairment as a percentage of revenue at 10.2%
Costs maintained in line with 2020 despite investment in growth
Looks good to me !
Haven't had time to look, but I take it results were good? :)
Full results tomorrow!
Peel Hunt seem pretty bullish on this, touting a 20% upside.
The results were indeed very strong, stronger than I expected - I bought more.
The market is in a funny place right now trying to absorb the shifting dynamics around rates, inflation and lasting Covid-19 economic implications. The small high cost lenders are seen as vulnerable as their customers are theoretically more exposed to tighter household cash flow. I take a different view.
The excess savings caused by covid was market wide - hence loan books prime and sub prime shrank. Household balance sheets are stronger than normal and so we need to see a drawdown on savings to get back to more normal credit demand/issued. So it’s good news not bad. It’s why the results were better and will keep getting better.
Im in this one for the long game in size. Dividend and capital growth = 2x over time at theses levels. Stick with it. Morses Club is another good one to look at and has been impacted even more by the above sentiment.
So, results reported today looked solid. And yet, things are moving down not up. Colour me confused.
Thank you, useful to have that perspective. Feel like this is still undervalued, especially as they are now paying a divi.
buy back* (backbuy LOL)
From the way it is structured, it almost sounds like a share backbuy which generally moves the share price up. As the delisting is in Warsaw it probably isn't that clear cut but it will reduce the number of shares availible to buy and anyone holding their shares on the Warsaw stock market but wants to continue to hold, will have to rebuy on the LSE. Lastly, if the company thinks that this is a good time to make a tender offer to the Warsaw holders then maybe it sits well for the share price as companies tend to only make these actions when they feel the price is cheap, although not always!
Can anyone explain to me what this recent news means for the shares? Will it impact SP at all?
International Personal Finance PLC - Leeds-based provider of unsecured consumer credit - Sets out plans to delist its shares from the Warsaw Stock Exchange, while remaining traded on the London Main Market. Under Polish law, IPF must make a tender offer for shares that were purchased in Warsaw, and so the company calls a general meeting of shareholders for September 16 to get approval for the offer.
Throughly impressed with management here. Their updates through pandemic have been clear, concise and non rampy.
I missed the assumption in Q1 trading update of weakening collections......opportunity missed for me.
Are there any profit forecasts as this is sounding like a good recovery scenario. Can we get back to around 30p EPS for 2021? cheers NR
International Personal Finance
Upgrade to market expectations
15 June 2021
Since our Q1 trading update issued on 29 April 2021, the Group's operational performance has continued to be positive. Credit issued has been broadly in-line with our internal expectations despite tighter Covid-19 related restrictions in a number of our markets. As we highlighted in the Q1 trading update, our business plan assumed a weakening in collections performance due to subsequent waves of the pandemic in the first half of 2021. In contrast, our actual collections performance has continued to be very strong resulting in a faster-than-anticipated improvement in impairment as a percentage of revenue.
While we remain cautious given the dynamic Covid-19 environment, the faster-than-anticipated improvement in impairment in April and May is expected to result in a further improvement in the full-year impairment charge and a significantly stronger rebound in profitability in 2021 than was expected at the time of our Q1 trading update.