They will have no trouble paying the loan back as the loans are only 20 weeks or even less online. The balance sheet shows a asset surplus before complaints provision but with a cost of living crisis and recession that loan book might see an increase in impairments.
You need to learn accountancy fast before you loose all of your money. There is no £40 million. They have cancelled this reserve to be able to pay a dividend. It is not money and cannot be used for anything like paying debt.
The company is finished. Claims have already taken most of the capital and what will they use to lend to customers. Should have split the company and shut down home credit.
The rise of the pawn brokers and loan sharks has commenced in the uk.
RE: Updated Freecashflow estimates post RNS8 Dec 2022 22:28
The war looks like it is going to end real soon and the gas shortage is going to be sorted straightaway. You are going to short a share with a billion pound in cash and set to earn £8 a share next year. You sound so smart
TGA pay out huge dividends from their coal mining operations to at least 50% of investors who are based outside of South Africa so it can be done quite easily.
Some people have been invested for over 15 years and one I know is aged late 70,s. They hoped FDA would ignite the share price and we are lower after than we were before.
RE: When will the corner turn ????24 Nov 2022 12:31
No. I don’t think FCA will allow them to have a low ball SOA and carry on trading. Should have wound up the company and gave shareholder s something. Equity being eaten up by charges