Member Info for Caravanboy

Your a trader. Why do you think this is overdone. The complaints are still going to come in when this is more publicly known. They will probably wrap the company up. Now limit losses.

I think the 15 nov will be a strong day here. Fair value to me. Is another 30 p imo.

Was that a buy then?? Do you think it really is a takeout. Really looks that way. I wonder what price ???

Even with that huge trade. Not affected sp ??? Surly a rns to come on the back of that.

The gap in lending will be filled by other businesses. Further pain to come.

Ok. This is not good at all. I was positive. But why are they selling. ???? Bloody hope fca get there ass in gear.
Now where’s the money so I can average down. Arrr

They are using this cash to keep lending. And this is why we are where we are sp wise. Yes it will recover. But your all trading it so what dose this matter to you. It’s longer term where the money is. But the gove has extended the Covid Holliday so more money not coming in. I just hope they can survive this. I am in but being realistic. Gla

All the cheap seats are gone. I have a feeling takeover coming. Just letting the company sort the dead wood out first. Gla.

Frank I am going to agree. The fact that the fca have not even looked at our preparations for customers redress yet means massive uncertainty regarding the amount needed for that purpose. Yes loans are flying out but so is the cash. I think we need to raise money before we see true value here. And that’s not going to happen until fca sorted. All in the results to read. Gla. Hold or buy imo.

This is an aggressive take over imo.

Also

Plans for the rest of 2020



As is the case for our other business divisions, the clear focus for the balance of 2020 is on stabilising and then rebuilding the loan book and active customer base. Having achieved modest loan book growth in August, we were pleased that this continued in September. While regional restrictions on social distancing and the threat of a second wave of infection present some challenges for agents, with the rollout of our latest remote lending capability now complete, we are confident that we can continue to make progress and are looking forward to the important seasonal lending period in November and December

So we are ready to lend in lock 2.0. The bod are doing a good job at adapting to this virus. Also shorter term loans seem to be flying out the door

Unreal demand. Here.

From results.
Being unable to lend face-to-face following the temporary closure of the branch network, the volume of leads and qualifying applications reduced significantly in March and fell to almost zero in April. It was only following the reopening of the network and our decision to restart lending on 11 May that leads and 'applications to branch' began to increase. Having written no loans in April, we wrote 297 in May rising to 1,685 in June and just under 3,000 in July. The net result was that having written approximately £14m of loans in both January and February 2020, lending volumes halved in March and in April fell to almost zero. In June we wrote total volume of £4.8m of which £3.8m was new cash.

Since the end of June 2020, lending volumes have recovered strongly such that the net loan book returned to growth in August and September 2020. At an average of 89% of pre-COVID levels since the end of June, collections have also been better than expected. Whilst further lockdowns and the prospect of a second wave of infection remain current challenges, the proportion of customers that remain COVID-flagged has fallen significantly from the peak in June 2020 with the result that rates of delinquency have also reduced and whilst not quite back at pre-pandemic levels, the trend is encouraging.

Fast looks like a back log of work built up. And shows the demand for Nsf.

Yes I agree. I think a lot of investors may have not seen that. I personally think that the drop on results was done to fill orders. And those large trades of 200 thousand or more. We’re filling a bigger order. Also I am very much hoping to see a rns very soon about the equity raise. So that the market can see we are here to stay funded and growing at a good sustainable rate. I think now isa great time to get that done. Thanks for sharing your research.

Mark I think you should have a look at our website. As we are worlds away from theses sort of lending bodies. We are far more about working with the customer and also our interest rate is absolutely nothing compared to the ones given in the article. But as you say the sun have picked up that most this Christmas will be looking for a little extra help. And are happy to pay for it. Hopefully they don’t use those companies with those rates. But if your credit is bad. You may be left with no choice. But they can’t lend if you can’t afford to pay it. That’s the rules. Nsf is expanding. And doing well at the mo. So as an investor I am happy that this will show in the share price very soon. Gla

Nsf will support those that need it through this terrible time. Customers will look to gain short term loans. To make up for less wages. This time last year. Who would have thought it??? Gla

Don’t panic. I can not believe I just got more under four. Looked over rns. And nothing we didn’t know. This is silly. Really. But make hay while the sun shines. Gl. What’s your thoughts on the rns?

Fast as always good observation. I think that will be the case and may have already been agreed. Can you see more news on this soon as I have a feeling that’s the angle here. Gl.

Sell then easy. They are paying over bid as well.

Yep. 5 p min. So that to me is a base. I don’t think they will come to us. A equity swap imo. Gla.