The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The page has gone just like him. It will be all the complaits the FCA have recieved, does anyone need the email address?
Think it is over sold
Normally we have an update at the end of Feb, i think the SP is low for the info that is coming!
75p by the end of the month worth a look when it comes out.
I do not underdstand the rns, can anyone explain please?
Is anyone aiming to be at the meeting?
I have been going since day one and have onlt ever seen one other investor.
Being from the same industry things have changed. Taking to agents etc. The industry has changed for people more tech savey.
Less collection costs (agent coms) less office space, underwrighting is good (less complaints)
I personally think this is the correct direction.
I have change my own business model the same way. There is a lot of money to be made and not a great deal of people in the industry, if Morses did not change i would be selling instead i will be buying upto a £1.00
XD day and no change even going up. Now buying upto a £1.00
Buying again, I am buy up to 75p
The figures will be better than good for the times we are in.
Everyone needs credit and a great business model
Totally agreed, Morces is the strongest that is listed, in this industry.
I am in the same industry and know this is a cash generating company and once the dividends start again everyone who has bought at these levels will be very happy.
Been invested since they first listed, had plenty of times to buy and i have. Averaged down my outlay at 30p per share. This time last year the share were about £1.50.
On the figures reported today there is more cash coming in than cash going out. My kind of business, I am buy upto £1.00
Long way up from 19p. Staying for the long term, good income stock when it starts again, near 10% divi. Kept all staff in jobs well done.
Thanks Tiptee, do not know how i missed it.
Should be an interesting week, If the banks lift the market, we will riding high on Thursday. Having a great day
Think it was the whole market that had a wobble, results are coming on the 30th. I do not think the SP will see below 50p after they are released. Management team is strong and plenty of sector experience and have adapted to Covid well. Cash will be coming in but issues of loans will be lower over Covid period so could be a share buyback? Would seem logic to me, i think that they can buy up to 10% back. Still buying
Olderandwiser, the industry of WCC is a personal business and work well with the customers. No interest is added for missed payments so the interest is set at the beginning of the agreement. Short term credit without the payday interest and brilliant customer service. Having read the article and been in the same industry, this is how we run the business on a day to day basis. On the upturn NSF have a team of agents who will be visiting customers as soon as it is safe to do so. Accounts will be lower and customers will be wanting refinancing quickly for the summer period.
Year end accounts near the end of the month as they have been asked to keep them back by FCA according NSF invester relations on their page. Still buying
Beza, it is not a company i have followed, but i will look at it now thanks. I am not sure but looks like they do business out of the the UK, where the interest can be capped and different regulation. Will have a look.
Glad to see that MCL has everything in order.
Collect via new way will help retain agents as most are self employed, once circumstances change the agent force is ready to do visits. Agents will be able to earn more because they have more ways to run their rounds, the more they earn the more the company earns. Still buying up to 70p
Fastfood, Thankyou for the info.
I agree to set a finance company up with the customer base is worth more than £40m. I have a small business doing the same products, I have been doing it for nearly 30 years and started from scratch.
I will be staying for the long term and building my holdings upto 35p, the business has cashflow that i understand and i can watch it grow.
Fastfood, thanks for the details i will have a look for the article.
Pinki, NSF is more than a WCC business, i think that when Loans at Homes was purchased the price was paid too much, employed agents can work but is hard to find driven people who are limited by a wage. The question is how much is each business worth and why would NSF want to buy Provi then to relist Loans at Home as a separate PLC. How much is NSF worth if WCC was sold?
Covid 19 has brought changes to all businesses, the WCC business works better than most finance companies with their customers, people are people and not just a number.
Cattles PLC which owned Shop a Check used to have a combination of self employed and employed agents which worked well.
Appleby, I agreed MCL is the best of the two we have been with both from day one. Both have an undervalued share from my opinion. Morses has a great business plan with a strong management team, diversified into businesses that compliments the WCC side but stand alone aswell. I think they are positioned well for the long term rain or shine. The Divi will make this company popular once reinstated.