Member Info for mariog

Gentle reminder.
NSF means GBP78m cash, expected redress 15.8m, loans book 300m, mcap 19m at 6.20p => Very undervalued share.

https://www.thisismoney.co.uk/money/cardsloans/article-9316575/Ombudsman-complaints-Guarantor-loans-replace-PPI.html
Amigo H1 2019: received 266 complaints
Amigo H2 2019: received 317 complaints
Amigo H1 2020: received 1,163 complaints - approx 30% upheld rate
Amigo H2 2020: received 12,854 complaints - approx 30% upheld rate
Provident Financial H2 2020: received 10,000 complaints
Barclays H2 2020: received 8,300 complaints

Guarantor Loans within NSF are provided by two divisions: George Banco and TrustTwo.
George Banco H2 2020: received ONLY 169 GL complaints. I couldn't see anywhere H1 numbers.
TrustTwo is a part of Everyday Loans. I was not able to find specifics for GL within Everyday Loans, but:
Everyday Loans H1 2020 ALL complaints received were 1,574 - approx 18% upheld rate.
Everyday Loans H2 2020 ALL new complaints received were ONLY 183.
https://www.financial-ombudsman.org.uk/data-insight/half-yearly-complaints-data

GL redress GBP15.8m calculated by the NSF and submitted to FCA is most likely correct.
And if yes, then the company is significantly undervalued at 6p per share.

IMO, NSF should be trading in no less than 20p now.

Free float only approx 150m shares. Remaining 150 in the large investors hands

78m cash, expected redress 16m, mcap 18m.

https://www.thisismoney.co.uk/money/cardsloans/article-9316575/Ombudsman-complaints-Guarantor-loans-replace-PPI.html
Amigo H1 2019: received 266 complaints
Amigo H2 2019: received 317 complaints
Amigo H1 2020: received 1,163 complaints - approx 30% upheld rate
Amigo H2 2020: received 12,854 complaints - approx 30% upheld rate
Provident Financial H2 2020: received 10,000 complaints
Barclays H2 2020: received 8,300 complaints

Guarantor Loans within NSF are provided by two divisions: George Banco and TrustTwo.
George Banco H2 2020: received ONLY 169 GL complaints. I couldn't see anywhere H1 numbers.
TrustTwo is a part of Everyday Loans. I was not able to find specifics for GL within Everyday Loans.
Everyday Loans H1 2020 ALL complaints received were 1,574 - approx 18% upheld rate.
Everyday Loans H2 2020 ALL new complaints received were ONLY 183.
https://www.financial-ombudsman.org.uk/data-insight/half-yearly-complaints-data

GL redress GBP15.8m calculated by the NSF and submitted to FCA could be correct.
And if yes, then the company is significantly undervalued at 18m mcap level (6p per share).

I do not know why this is not trading in 20p+ yet!

Claim management companies have been advertising Everyday and George in 2020 same time as they did Amigo. Just check their advertisements back in 2020. I would say NSF had much more strict approach to lending so the claims upheld rate is low at FOS.

People just need to realise that Non Standard is not another Amigo or Provident.
Loan book 300m vs mcap 18m and cash 78m. Someone is holding it low, perhaps Peel Hunt working for the Utley, who then is working for Alchemy. Marathon needs to wake up and start building a bigger stake.

Found it. WOW
Everyday Loans H2 2020 received ONLY 183 complaints
George Banco H2 2020: ONLY 169
Amigo same time: 12,854
https://www.financial-ombudsman.org.uk/data-insight/half-yearly-complaints-data

Feb 2021 Trading update:
Guarantor loans - Following the FCA's review of the Group's guarantor loans division as part of a wider review of the guarantor loan sector, resulting in a £16m provision for redress announced in our 2020 half year results, lending volumes were minimal in the second half of 2020. Economically, the younger customer base has been harder hit by the pandemic than our other two divisions and calls on guarantors have been constrained due to the pandemic, resulting in a marked increase in impairment. Collections nevertheless remained robust during the second half of 2020 with the result that the net loan book reduced by c.40% versus the prior year. We are working hard on the redress methodology and hope to have concluded the process with the FCA early in the second quarter.
https://www.investegate.co.uk/non-standard-fin/rns/trading-update/202102230700039602P/

Everyday Loans had 1,052 received complaints in H2 2019

An interesting article found: https://www.thisismoney.co.uk/money/cardsloans/article-9316575/Ombudsman-complaints-Guarantor-loans-replace-PPI.html
You will see a scale of Guarantor Loan complaints at Amigo, Provident, Barclays vs NSF.
Amigo H1 2019: received 266 complaints
Amigo H2 2019: received 317 complaints
Amigo H1 2020: received 1,163 complaints - approx 30% upheld rate
Amigo H2 2020: received 12,854 complaints - approx 30% upheld rate
Provident Financial H2 2020: received 10,000 complaints
Barclays H2 2020: received 8,300 complaints

You know that the Guarantor Loans within NSF are two divisions: George Banco and TrustTwo.
George Banco H2 2020: received ONLY 169 GL complaints.
TrustTwo is a part of Everyday Loans. I was not able to find specifics for GL within Everyday Loans.
BUT Everyday Loans ALL complaints received in H1 were 1,574 - approx 18% upheld rate.
I assume 50% were GL complaints.
Didn't see H2 data for EL, but if the number was higher then I feel that the calculated GBP16m redress could be correct.
And if yes, then the company is significantly undervalued at 18m mcap level (6p per share).

News are expected to arrive at the beginning of Q2, so very very soon. Chart & technicals look promising. An increased activity should increase share price at least by 20% in my opinion.

one day we will see the real purchase here.

Mazik wrote: Loan book 330 million, cash £78 million market cap 19 million....sp 6p should be more like 30p at least as 2019 it was 80p imo

Evactly. I think people are just scared about that fundraising to come, but can't see why the funds couldn't be raised at much higher level. Just wait for some TR1 and then price will explode.

Did you know that Everyday Loans has one of the lowest ratio of the upheld complaints? 18% is pretty good result vs other companies.
Rank 19 out of 149 listed companies on the FCA side in 2020.

Looking good again. Get that FCA amount confirmed and let it fly to 20ssss

IG last day. Less sells means they are done or almost done here.

I think the only reason NSF did move higher yesterday and today in red is the IG clients closing their spread positions.
NSF was on that list of shares.
The IG clients have time until tomorrow end of day to fund their accounts or close the positions.

Gap just got wider today so it will be catching up with Amigo tomorrow :))

Good day at Amigo and Provident moving to blue. You can check NSF as old Provident directors work there.

Correct. Also I noted this "half price" shares valuation between these two. Amigo was at 6, NSF was at 3, Amigo at 10, NSF at 5.
Now Amigo is almost 16p which suggests NSF "should be" at almost 8p.