Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
NewStart,
many thanks for your insider informaiton, at least most of us here did not know the IT work was charged by the CEO's brother in law :)
Please do share any kind of this information with us, it's much appreciated.
D
NSF was the top riser stock in london stock exchange. and i just tested the market, easy to sell 500K but very hard to buy without big premium, so who are the buyers here? only speculation with AMGO?
NewStart,
Many thanks for you to share your views about NSF with us. Some of them I did not notice before and a bit confused, so I called NSF and left message to Mr Peter Reynolds, IR. As always he is very nice and helpful, called me back to answered all of my questions over 20 mins. I share some of them here if I got them right.
1) The timing of RNS publish. I was told it’s just coincident. They release it when it’s available these days, they do not wait to hold a particular time or date like before.
2) Next Covenant review date: 16/06/2022. It should be no problem and although he could not say 100% it will be extended, but its all of us interested to do so.
3) Redress methodology with FCA. It does take time, the ball is not in its hand. But expect not as long as before.
4) Outsourcing IT. It might not be right to describe “outsourcing”, Due to the reduced complexity ( cut off two main business), it negotiated new terms with the same IT service provider, the fee was reduced dramatically since last year and it’s stated in the AR P24 ( from £3.2M to £2.5M) and more this year. Everyday loan business needs face to face, not like other high street loan business software and it’s bespoken for NSF.
5) No CFO yet. Yes, but at the moment our CEO was our CFO before and he can do most of its work directly at the current stage, we are not attractive for a good CFO from outside so we have to wait till FCA result.
6) “6 weeks to sort a capital raise” I am afraid you are misunderstand here, there’s no time limit here for RI, just mentioned second half.
7) Scheme of Arrangement. It’s just an option, does not mean we have to go through this way.
If you took few second to have a look the slide 25 of AR presentation, you might be more optimistic for its business as it’s purely everyday loan now and one day it might change its NSF name to Everyday Loan to list.
IMHV, Pls DYOR.
D
Nostra,
many thanks.
the data is for the past, the SP is for the future, this sector will be benefit for the coming recession very well.
that kind of " Going Concern" is with any TUs for the last 2 years.
Kind regards
D
Plus we still have another trading chance with AMGO at the end of next month.
the information today announced is already reflected in the recent SP.
Did you notice there's a lots of big buying trade in the last few weeks?
Nostra,
look at the bright side:
"
Current trading: since the start of 2022 we have seen month on month growth in loan issuance in branch-based lending, combined with historically low impairment, and are consequently trading ahead of budget"
"Given the Group's pre-eminent position in branch-based lending, the Board continues to believe that, subject to funding, the current business environment represents a significant opportunity for NSF. In the past, when UK consumers have faced periods of macroeconomic difficulty and stress, the non-standard consumer lending sector saw a marked increase in demand as the number of consumers that were unable to access mainstream credit increased. At the same time, we have seen a significant reduction in the supply of regulated non-standard consumer credit that may provide an additional opportunity for the Group to gain market share as we continue to serve the very large numbers of UK consumers that are unable or unwilling to access regulated mainstream credit."
we have several big shareholders and they would not wipe their funds off here. they will try their best to work on it and NSF will be a typical turnaround this year.
IMHV, Pls DYOR.
D
pls see the following link, loan market value it very well
https://www.trustpilot.com/review/www.everyday-loans.co.uk
I agree, our main business is everyday loans, and it does not be affected, which is the best news in these dark days.
since the Morses club news, most of us do not expect much from loan at homes, don't we?
NED bought a month ago at 2.6P
when AMGO was 6P last summer, NSF should be 3P and lagged a bit later 30P/8P.
so NSF should be much further to go.
Nostra,
from the market and this sector sentiment to see, you might sell at the low part.
have a look at PFG, it's also dropped from 380 to 280 recently.
i do not know the content of next NSF TU, but the current sentiment is not favour here.
IMHV.
"
BP sticking with Russia as Ukraine crisis has 'no impact,' CEO Looney says"
any one read the above new issued note:
https://www.fca.org.uk/publication/guidance-consultation/gc22-1.pdf
it might be the reason to cause the panic sell.
there are 4 positive news in the last 4 weeks, but there's no obvious SP rise,
it seems the new buyers are run out of steam and the SP will drop again at the quiet period.
it's stranger that since so many big names recommend PTR, why there's no new holdings over 3% be declared in the last 12 months.
i understand there are about 20% shares not in the hand of long term investors.
Newstart,
i understand you are not happy with NSF IR, especially under the background of recent SP drop.
but most of the questions you raised in the previous posts do not need NSF to issue a RNS to explain.
although i am also disappointed with the SP and the FCA regulation issues, but i have to stand upto speak for Mr Peter Reynolds.
Mr Peynolds tried his best ( let me say) to answer my calls every time. sometimes if i could not get hold of him right away, he always calls me back very shortly.
I suggest you try to contact him directly.
Don
Nostra,
many thanks for your reply.
I just contact NSF, there are still lending at the loans at home department, there's no waive off old loans.
the SP is dropping one of the reasons is i think most of the IIs are in holiday and few of the PIs could manipulate the SP relatively easier.
I learned from this that be careful with the messages we read here.
some one is profiting to spread the fake news.
Do check the posters profile.
Don.
it's a materiel information and NSF should issue a TU news.
did any one get confirmation from NSF?
Newstart03,
many thanks for your reply.
I found that piece, it's not clearly pointed out it's a virtual office, more likes a regional headquarter office/hub for me.
everyday loan might put a new management layer between the general head office and each local branches, to improve management efficiency.
IMHO,please DYOR.
although i do not like your conclusion, but i like the way you do your research.
I did some google /linkedin search, but could not get what your posted information.
is it ok for you to paste your link or that manager name so I could do it on linkedin?
TIA