Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It doesn't make sense, i guess people are worried about 1. defaults, 2. ability to lend further with current covenants and 3. equity raise. The FCA thing is an industry wide issue. concerns about 1 should be eased with July collections number and for 2 and 3 we need some good news on covenant negotiations. The other option is someone with deep pockets takes it out ie offer. Worth holding on, although the HSBC sell off is curious?
M CAP 13m what a total bag of rollox the board must be , the city value them at less than quarter of the cash in the bank .
They need to be replaced .
Wong A’s clients!!
Let’s see if we close above the 4.3p that Zak Mir was looking for as a buy signal.
Scottlee, I rent rooms to HMO tenants, roughly 50/50 students and professionals. At one point, I took some DHSS tenants. I had some doubts about a few of them, but went through with it anyway. Four out of five went bad on me and three of them turned out to be serial Wong’s clients.
I was a bit gullible, but learned a good lesson. I upped my tenants vetting drastically.
I reckon lending professionals can do a good job of sorting out wheat from chaff, provided they can lend face to face, lend prudently, with risk margins as appropriate, not encourage frivolous borrowing and only repeat lending to proven repayers. Have good management and computer systems
I think that is exactly what the FCA are reminding them to do, so I’m pretty content with the way this is panning out.
Anyone who doesn’t think you’ll make a large % gain on the current SP is either stupid, dumb or thick
He’s desperately trying to type in Google now ....
Go on ... Have a Guess ... You won’t get close...
Do you know how much NSF make up of the Home Credit Market Scottlee ?
Kv3mc you have hit the nail on the head the problem the FCA have and balance to make is letting well run sub prime company’s continue lending or the flip side is unregulated loan sharks and dubious collection methods
Unfortunately the FCA does not always use a balanced viewpoint and the problem always has been smaller HC companies not following the same practices.
The three largest HC companies always are on the FCA radar ie Provident,Morses,NSF and IPF abroad.