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I'm a small sh in IPF but looking to go big after the next results are announced.
One thing that worries me is the lack of growth in revenue and profit in the last 5 FY (prior to FY2020 which we know will be bad). This suggests lack lustre management to me who aren't growing the business. Any thoughts?
Agree, I was lucky to get into a lot of stocks when low and I’ve been booking profits, coming out of covid I want a real difference to my portfolio and not just been there and lost the lot. Santa rally next week if Brexit has positive vibes this weekend and then into jan, mid January to feb as more covid reality bites and economic destruction I think it will all correct again as we see years ahead before solid paying divis appear, best will in the world full blown divi policies are way off unless your in mining !!! Gla
I need to remind myself always book profits, but then I say to myself think long run ????? Ohhh such a hit n miss area guess £1 looks a big barrier to cross.
i think its a general worry that the market isn't as positive certainly into the new year and third wave of covid, exhaustion throughout and really economically how we might be heading for a fall?? theres a lot more crap to come out before we hit the good times. ive sold some at 95, some at 89, some at 83. gone more defensive overall based on next 6 month where i think we will have a challenging time.
Why is this down, just checked my portfolio
I’m hopeful and expect their digital platform to take over during these times and in general far more which leads to more customers, opportunities to lend to different areas,
Your right against that’s the balance between also having bad loans or an extended covid lockdown. They’ll be wary of loaning far more and next year a lockdown that prevents collections or economic collapse that leads to high unemployment than currently expected. A very tight line to navigate through for all businesses the next 12 months.
I've said it before, and I'll say it again - the current low levels of lending are a concern. Running down your loan book is a real problem.
Yes, Nov collections continuing 97%. Better than company or I had expected. Credit 61% increased by 1%. Although higher by 1% expected a little more guess being careful during peak winter months.
Polish gov debating extending covid19 temp interest cap already in place from March 21 further into 2021. Being debated in polish parliment over next few weeks.
Seems like a progress, positive update in both collections and credit.
Yes. Last week. They said this week Nov update. Followed by Dec update beginning of Jan. Then results in Feb.
Has anyone had any comms with IR in regards to whether they will issue another trading update this month?
Looking good in all counts, interesting to see £1 today.
How on earth is it possible to play shorts on such a semi-liquid market.
As I tried to explain the other day the broker let it slip that he could only take a long position as shorts were no longer available as there were no shares for them to borrow on this market.
Go on do it, £1 finish
At least no deal brexit is not an issue for IPF. On the contrary no deal likely would result in £ weakness thus nominally better results
Nearly
It’s going to rise well the next few weeks
Spoke to the broker as was looking to put a Spread Bet on this earlier today. It was locked out for most of the day and when we finally chatted he let it slip that he could only take a long position as shorts were no longer available as there were no shares for them to borrow on this market. Surprising as this usually happens when a correction is coming but there's no shorts or short tracker so couldn't understand why there was no shares for them to borrow. Not in for now and standing on the side lines to see if it retraces back to the trading pattern beginning. Seems like a lot of automatic trades are running the show here but perhaps this may change if material news is released.
Is there a scheduled date for November trading info?
certainly close now at 99.6p. i assume that £1 is seen as and is a level at which to break through and once done and holding above £1 after a close gives a positive signal going forward? i wrote below about an expected bull market through december into january which i think will take place unless a terrible, no deal brexit is announced.
into feb / march there will be a sell off and acknowledgement that economies have a long way to go in order to repair.
Looks like we might push through today hopefully.
Are we going to break 100p today