Member Info for KCCO

I don't think they care about the shareholders as long as they have fat pockets. I think that is a no brainer. However, Umar Kymani is not the CEO. John Little and the board run the strategy of the group.

I don't think 474 is pie in the sky over the medium to long term. They've got a receivable in excess of £2billion and it will continue to grow and the group is diversifying its product mix. I don't think they've ever had a receivable at that level. Operational / regulatory issues are in the past. It is a nice time in the business lifecycle to invest, considering where the sp is at currently.

Indeed, lost two years to COVID haha. Correction** FY23 results.

Anybody fancy a wager that the FY22 results will be better than reported by management to date?

UK inflation data is being released tomorrow. Lets see how tomorrow goes!

Really well said hxulcolrdoh. I think the business is now well positioned (finally). They just need to prove this to the markets with healthy profits and a sustainable dividend.

Question is will this bull run continue and will consumer sentiment improve !

Tbh, I had a feeling the impairment charge by way of IFRS9 would hit the P&L before the old management reported. Now the accounting period has not finished and economic factors have significantly improved since the group reported a swing to a loss for the year (under old management).

The fiddly thing about IFRS9 is you get a big debit for the amount of loan you expect to not cover over the entire loan in one single go, so if a loan is over three years and expect it to be immediately loss making, the whole loss goes into year one.

Now based on the current facts, inflation has dropped so their models will have improved. So, I am expecting better results than they have reported to date. But how much better, that is the question !

Share price has picked up a bit of pace, albeit a long way to go still. I hope the confidence is due to macro factors, such as inflation unwinding.

Indeed Pooks. The group now has stability since the FCA, Neil Woodford hostile takeover / fund closure, winding up of the Home Credit division. Impairment of the loan book is the key for me and cost control is a bonus. Show me the money !!

Well with the improvement in inflation figures I am hoping some of the IFRS9 impairment charge which the old management reported will unwind AND the fact the current CEO has increased the pricing to push the NIM. Fingers crossed.

Such an undervalued company it is just insane. I hope with the new CEO and Board appointments the group can get back to strong profitability and dividends.

What’s people’s thoughts on the YTD chart?

Pringle

Glad it’s snowing. Fewer people on the high street and more on Boohoo. Suppose Boohoo’s weather proof.

Anyone aware of any news? Bit of a push this morning.

Jingle

Just breathe… count to 5… stay calm. Woooosaa.

What’s peoples view on the 5 day and YTD chart here?

Why’s this share seeming to go consistently higher?