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We are out financial or psychological numbers in are kind of when success has been achieve against the ever conquering greed to max out for everything.
I’m keen to see even close to pre covid levels, I think the loan market they serve will be unfortunately for many also huge going forward however support from government through furlough will continue to be massive. They will stretch out their loans based on covid and credit, banks will do no different in order to manage risk and expansion now whether pre or classed as post covid will continue. We are slowly adapting around the virus, thank goodness they had a digital platform as like many businesses I expect this to increase in size massively going forward. Who ever adapts, changes, works alongside the virus and customers will survive, going to be an interesting six months,
Bear in mind we may celebrate a vaccine to be told in March it doesn’t work any longer and we need a different, annual one. Fine line on buying and selling as always
The only regret you will have is when you sell at £1.10. I'm holding long term and I mean long term, not a few months. On what reasoning, are you all selling for?
Thanks for all the advice guys. I’m happy to hold here until feb 2021 had an exit price of £1.10 and plan to stick to it. Have to admit was tempted to cash out at 92p and hopefully don’t live to regret it! Good luck with the rest of your investing all.
I’ve enjoyed a positive rise too however I think this has further legs with overall positive momentum very likely short term to drive the markets.
Announcement of vaccine deployment, spending review of some £600 billion and a Brexit deal I think will support the markets up to Xmas. Maybe sell before next update but I think £1.30 s is more than possible very soon
The share price has risen from 60p in the beginning of November to 90p now. Having averaged heavily down at 45p I have to admit I have sold out fearing it likely will go through a period of consolidation and/or profit taking. So no great risk of downside or issues with business but a chance to pay off some bills and look again. Especially after being a high 5-figure in a the red here having held through the Half Year trading results. I will buy in again if there's a pull-back or if it breaks past 94p as that'll be a sign of another leg up. Otherwise I will buy in again post the Final Year results in Feb as that should then kick-off another bill run. Best of luck to all holders here. It was a fabulous journey and I wish you the best.
Hi was wondering if anyone has any opinions on the SP at the minute? Is it just consolidating after a significant rise or is it awaiting on brexit deal before continuing to £1?
Yes good to read, hopefully continued confidence next few weeks, Brexit deal is now going to register clearly on the market direction until Xmas alongside covid which I don’t think will be any more restrictive than now.
Into the new year brexit deal, vaccines being seen injected into the vulnerable will take this up and confirmed numbers that we are lending more and continuing to recover
150k worth. This should breach 100p in the next few trading days
I think it will break now £1 without any more news, as covid. Is seen as being managed, Brexit deal will drive markets forward including this share based off the low levels it’s coming off. Next few weeks should be ok, I say break £1 it will break £1.50 by January
Like any business this will see a positive increase in sp as they improve but comparing to old sp levels before covid doesn’t work exactly.
The business is well ran, now needs to show a ramp up in what is does, confidence it can be maintained and guess what’s a return to shareholders! The vaccines are been proven, Brexit deal will give economic confidence and we will see lending increase that actual leads to more cash in the bank. It will of course take more proving to get the sp up that data that takes the sp down
Hi Unvrkw
Yup, that was me.
I understand the elation today, but it needs to be tempered with some long-term reticence.
That said, now that the collection rate is near-as-dammit the same as pre-COVID, it opens the door to start increasing lending (and perhaps dropping their standards at bit!).
Once the lending rate really picks up, then I think we can start thinking seriously about £1.20-1.50. Until such time, I think £1.00-1.10 is the upper limit to what can reasonably be expected; although, sometimes the market can be VERY forward looking - so perhaps we'll sail straight past that target. What do I know!?
Anyhow, a good day for us holders!
Someone mentioned the 60% lending rate and not sustainable going forward. I agree but understand the more conservative approach that has been taken however must change going forward. Interesting few weeks ahead.
@SC123 You will just go crazy thinking of all the opportunities missed and all the mistakes more. You just keep trading. At one point I was £10k in the red here, however you just try to remind yourself of the investment case. The pschology of trading is interesting and there will be those hesitant to buy now compared to where it was in September, similarly some hesitant to be too greedy and profit take.
For me I just like this company as I think despite the bad press of the sector, the company does provide a vital source of finance to people who otherwise would have to turn to the Mexican mafia etc. It seems also very well run and just professional. So as a LTH it should do well in the next year and be over £1. However of course there will be trading opportunities in between.
Psychologically I can't now. I was in at 70p, sold at 82.5.... so I don't "deserve" to get back in. As each hour passes, I think "crap. I should've just bought in again"!
Relatively inexperienced investor. Did quite a bit of reading around IPF in the summer but appreciate everyone’s advice on here particularly notaflipper.
Enjoy the profits.
Sadly I sold this yesterday, used all the takings and spread equally between IAG and Rolls Royce. Wish I'd stayed in longer now. Good luck to all those in IPF, looks like it's gonna smash it from here on!
Still needed here, another positive update issued and shares are still trading at circa 50% of their recent highs.
The bond resolutions, return to pre Covid collections and significant headroom and cash position should push this much higher.
IIs recently taken sizeable positions and now the brakes appear to be let off.. triple digits.
90p about to be broken and soon 100p hopefully
Enjoy.
Hitting 85p in the back. MMs games awful mis-step PIs only to sucker punch later however with both the FTSE and BARC down vs IPF up this looks to have legs still.
All aboard, that's coming aboard. The boat is sailing lol
One obvious note of caution with this RNS (and ever since lending dropped) is that they are eating into their receivables portfolio. Whilst it's a statement of the obvious: if you've got decent cash flow when you're not lending much, it's because you're running down your loan book. That can't go on forever.
I will feel much more comfortable when the pre-covid lending percentage is up at 80%+.
Certainly a positive RNS - going from previous positive RNS's I expect it to drop today and then to rise over the next few days. I will not be selling anytime soon as feel we will be over 100p soon
And SP is storming ahead to potential break out.
Surely must be something more in this TU than normal? I mean the Q3 update was just in early Oct so cannot take this long to trot out a monthly update.
False hope or leak or pricing in news and sell on release? Answers on a postcard please.
Well, I’ve got to say I’m very surprised not to have an update yet - far later into the month (by 3 days tomorrow) than any other update in the previous 6.
Any change in expectations from IR whether an Trading Update RNS is still expected this month?
SP seems quite healthy in the back regardless of whether it comes or not, so do not think it will effect the upward trend if this doesn't come. Just a pain to keep on checking each morning.