Vpc Specialty Share Price (VSL)

Skin in the game
M

Thanks for that. Makes sense particularly the solid advice in the last para !

Whitelye, if anyone can then they are better than I! There is a lot of complexity around VSL although I think they try to explain things relatively clearly. But my guess/understanding about the Bakkt situation is the change to the NAV is related to a revaluation of VSL's investment. It's a fairly dramatic change which results in a circa 7% adjustment to the NAV but if it needs to be revalued, it needs to be revalued.
It might explain why they re-started the buybacks, knowing that there was a NAV adjustment coming!
I tend to look at the monthly return (excl Bakkt) which was 0.99% for January. I cast my mind back to 2016/17 when I first invested here and owing to too many marketplace loans VSL often struggled to make 0.5% a month meaning that the 6ppa dividend was under pressure. So if they can make 1% a month return, 12% a year, the 8ppa dividend is solid and (whisper it) may one day increase!
I do like these guys, they know what they're doing and they've done well. But keep your eyes open and remember who they are ultimately lending to (i.e. high risk).
Guitarsolo

Can anyone make sense of the latest monthly report and the impact Bakkt Holdings is having on the business. I notice that the discount to NAV has gone up (84.6 price to 102p NAV assuming I am reading that correctly). Completely at sea with this one, explanation welcome !

The one thing we can be sure of is that we have no idea what the intentions are for this company. Nice to be back in profit though and on a fantastic yield.