Member Info for mariog

value will be even bigger once Provident ends their operations in the doorstep lending + Amigo currently not lending , the NSF business must be booming now and we dont even know about it

why not read more about NSF today, no court case there, no Scheme

Technically why to raise the money now if this can be done later when the dust settles? Let the company survive, add extra to pot, start new lending, raise cash in approx 6-10 months from now when share is at 50p. Sounds easy

Instututions will buy new shares. Let them issue 475,000,000 shares 1:1 @ 25p to raise extra 120m

They FCA gave them a method to calculate the redress. They calculated 15.8m. Why it has not been confirmed yet, no idea, but could be actually that FCA team is dealing first with Amigo. Then will respond to NSF, next to Provident.
Major difference between Amigo and NSF is the scheme. NSF never said anything about the Scheme and is dealing actively with FCA to solve own troubles. My target this year is 12p here.

As the share price is still very depressed, doing RI at higher price will still make sense. Many serious shareholders were not buying in as they are too scared to touch it.
Unused rights could be sold to an instutution which would be willing to get in. I'm sure there are II who want to join once the court case is ended.

What about 1:1 share issue combined with 15 increased to 15% for say 6 yrs? Would that work for the FCA and Judge?

value will be even bigger once Provident ends their operations in the doorstep lending.

thank you

**reminder**

*updated* Today NSF mcap is ONLY GBP 19m = 6p = Perfect takeover target.

Cash £78m per last update
Unused £200m credit line facility

In August 2015, NSF acquired "Loans at Home" for £82.5m.
In December 2015, NSF acquired Everyday Loans for £235m.
In 2017 NSF acquired George Banco for £53.5 million.

In 2019 main shareholder Alchemy was pushing for the sale of "Loans at Home".
In 2020 company say that they want to strenghten the capital. Alchemy is supportive.
in 2021 company confirms the fundraising is going to happen after the FY results. Ordinary share is 5p so in case of rights issue we should see no less than 5p offer.

BUT: Events to come in Q2
1) FCA redress to be confirmed - BoD calculated redress amount £15.8 million as per FCA guidance - confirmed amount should lift the share price
2) FY results - loss for 2020, BUT in October Group operations were profitable. First time since 2019, before that Provident's ill-takeover approach - mcap is low and already is pricing in all the past losses - share price should to up
3) Fundraising (should see no less than 5p) / maybe combined with a sale of "Loans at Home" as Alchemy wanted it to happen?

1 bag from here is minimum if anyone asks

wise move. I can see NSF going to 10s soon.

no Scheme like Amigo has so no court case to go thru

less than 20m lcap, why this is still so undervalued! an increased volume can easily lift it to 10s

any way to add s?

make sense

Amigo boys should consider moving here whatever the result is tonight

As above. Anything is possible tomorrow

If there will be any takeover approach, it will come not from JPM but from the BB side. JPM is only holding shares for them per my understanding.

Company share is very undervalued and there is massive interest around it so any share issue will likely be not discounted, if ever happen. Literally any sign of survival will lift the price significantly from 24p level.