Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Still a gamble for a good news
Really? 2nd wave is laying it on a bit thick isn't it though I appreciate the agenda. A big change in expectations from the 10th July. Should rise next week into trading update I suspect and week thereafter.
due to 2nd wave of covid19
Weren't you the chap who was hoping it would be 90 a few weeks ago?
can we see 30s or 40s again?
traded this a couple of times first from 35p - 60p then from 50-60, if it hits 50p again i will jump back in but personally see much bigger risk vs reward potential over at amigo with everything due to happen in august
63% of the stock is held by 10 firms (FIL appear to have exited), so it's no shock that the stock is illiquid. Poland & Hungary have debt collection/interest rate restrictions until the end of the year, so frankly this will get ugly come the September results. Sit back & watch this drift back to 90p come Q1 2021. It's not for the faint hearted & certainly not a "day trader" stock given the volumes. Patience will provide a return IMHO.
notaflipper also feeling the frustration here. Made a couple of small top ups over the last couple of days. Volumes are extremely low right now and movements are replicating those in PFG and NSF, its nothing necessarily company specific but more sector related, so would be consistent with some covid/economic related worries and everyone sitting on the sidelines.
IPF have said they would update the market regularly so would be reasonable to expect an update on the 10th like they have done in previous months. Might need to keep some dry powder for a possible move to 50p. This is a deep value discount to NTA play so will take much patience and some faith the company can translate this into cash flows.
Bit frustrating today with markets spooked because of fall-out from Spanish quarantine. Should get another trading update in the next week I reckon which should calm some nerves. Getting to be a bit of a tedious of the disparity between the sp and appreciation in bond prices and trading figures
I'm looking a for a dip below 60 for a top up. A diop to 50 could be possible I guess but the news has been relatively good and its been a very tight range for over a week now. There haven't been many opportunities for below 61. I suspect there is a seller offloading but not at any cost and there is pretty good buying support
Hope so. I'll be topping up further if it does. Can't see it though. Looks like a solid medium term hold to me with excellent yield and capital prospects
could head back to 50s very soon
Such a huge disparity between the SP and the bond value. Back to 90c on the dollar for the bonds but the SP is less then 50% of the pre covid value. Can't see the April 2021 redemption being a risk any more.
Based on the cash collection information and using that as in indicator of impairment levels I simply can't see how this won't recover some of the ground it has lost. Collections were 88% and expected to improve further in July. Just running down the loan book would see the NTA closer to 100p.
That's not even taking into new business which, although at a third of expectations, is also improving steadily. Just need some patience on this one
There'll be localised lockdowns as there has already been in the UK and US. Market will just have to get used to it till a vaccine is developed and able to be rolled out en masse.
Share price appreciation on Friday seemed to coincide with an increase in the bond prices via link supplied by @Ragnarlothbrok
https://uk.investing.com/rates-bonds/ipf-5.75-07-apr-2021
Im off due to 2nd covid-19 is approaching (spain gone up today)
Thank you for the info Ragnarlothbrok. Cheers
They are due for redemption in April 2021, so my guess is you wouldn't expect to hear anything until later in the year. Although the company is no doubt conscious that it is causing some uncertainty and they may be keen on doing something sooner for an additional cost. They also may be comfortable that they can refinance and are happy to continue to buy them back on the market at a 15% discount to face value until redemption.
The bonds have rocketed recently, personally I see a huge disparity between the signs v the current SP
https://uk.investing.com/rates-bonds/ipf-5.75-07-apr-2021
Does anybody know when we can expect to hear about the refinancing of the 2021 bonds / when it is due to be completed? Thanks