Member Info for SoniaP

John van Kuffeler, Executive Chairman John was Chief Executive and then Chairman of Provident Financial plc for a combined total of 22 years until December 2013. John was Chairman of Marlin Financial Group Limited, the consumer debt purchasing company, for four years until its sale in February 2014, and was also Chairman of Hyperion Insurance Group Limited for five years until December 2013. John was previously Chief Executive of Brown Shipley Holdings PLC which included Medens Trust Limited, a consumer car finance company, and was Chairman of the credit committee of Brown Shipley Holdings PLC’s main banking subsidiary, Brown, Shipley & Co. Limited

Most customers in the non-standard demographic can service debt if products are targeted at their circumstances. Many of the firms in the sector are relatively immature or have reached a stage of development where more professional management expertise and additional investment is required to maintain historical growth rates, for instance to access more or better funding, implement stronger management controls, utilise more rigorous credit standards, improve product pricing, roll out new compliance protocols and improve IT systems. There is therefore an opportunity for NSF to enable its acquired companies or businesses to realise their growth potential, whilst introducing best practices in IT, capital, compliance and financing. NSF’s position is further strengthened by the absence of large competitors, none of whom share the company’s strategy or have a management team of comparable strength

The company web site is now up and running so lets update some info about the company on here. Non-Standard Finance plc presents a unique opportunity to invest in the non-standard financial services sector’s consolidation through acquiring and operating financial services companies focused on the UK’s c.12 million non-standard consumers. By treating customers fairly, delivering excellent service and lending responsibly, the company plans to establish a group of businesses serving an important socio-demographic cluster.

If you look 5 posts below your question you will see who the major shareholders are here. Of course nothing will happen until news , why should it. This is not some penny AIM scam. This is big players on the main market with £100 million pounds invested to basically buy smaller companies and re create a new Provident Finance. Which is handy seeing as it is the man who set up and ran Provident Finance and turned it into the major company it is that is the main man/Boss here. Buy some and settle back and wait or dont. Its no skin of anyones nose. It will do what it is going to do , when it does it. Research , Invest and Wait. If your research has been thorough and you decided to invest then all you do is sit tight. This is the part that most punters on these threads find very hard to comprehend . They all expect an instant hit. Thats not what I expect. What I expect is for them to do as planned and for the sp to run up and in 12 months be sitting at £2 or £3.

NSF have £100 million in the bank. Yes £100 million in cash. The shares are mostly held by funds and instis. Neil Woodford , top fund manager took a massive chunk of them at listing. It is looking to pay dividends by the end of the first year. Its going to £2 on news of the first deal imo. Your investment is underwritten by £100 million in cash and some of the top financial wizards in the country. The Chairman of ICAP The Chairman of Leeds Building Society. The Ex boss of Provident Financial.

This will rocket to £2 on news I think. Look at who is involved , they are not messing about and with £100 million to spend the sky is the limit as they say.

Fellow directors include Charles Gregson, chairman of top broking firm ICAP, Robin Ashton, chairman of Leeds Building Society and Nick Teunon, former finance director at Marlin. Their intention is to take NSF from a business worth just over £100million on flotation to a valuation closer to £400million in the next three to five years.

NSF is chaired by John van Kuffeler, who ran home credit group Provident Financial for 22 years before retiring in December 2013. During his time at the helm, Provident expanded into a FTSE 250 company with more than two million customers and profits of almost £200million

Neil Woodford the well known fund manager invested heavily here because of the quality of the board and the plan. "Such is their combined reputation that renowned fund manager Neil Woodford and asset managers Invesco and Marathon agreed to invest £48million in the business before the flotation and are now committed shareholders"

Yes I like it a lot Shaggy. I spotted it a week ago when it was mentioned in one of the investing magazines or a few of them in fact. I never thought much about it at the time though and was busy looking at other companies. But then when the Midas tip was posted on here I took another look and realised I was missing a good oppertunity. Got some as soon as I could on open even though I knew I would probably pay for the mark up first thing. Not worried as I see this coasting to £2 , they have £100 mill and the potential and growth is not priced in yet.

They obviously have 3 main targets out of the 20 they have on their list so I expect they will be announcing acquisitions soon. They have hardcore institutional backing and support and a team of very experienced directors all of them having worked in the banking/lending sector. It really is going to become a big player I fell. With £100 million in cash the sp is supported and people need to wake up and realise there is money to be made here.

You have to understand that ALL the shares issued are mostly held by instis who supported the fund raising (£100mill) The mkt cap is supported by the cash (£100 mill) Nothing is priced in for the potential and the quality and experience of the people who are running this one. I doubt it will get any cheaper than this.

I saw the first post here and hoped nobody would notice it . I wanted to buy first thing this morn and was praying it wouldnt rise too much. Now you can post away lol. I bought in first thing and I think this is going to double at least in no time at all. People have'nt woken up to it yet but they will.

I wanted to buy it as well but the chart has put me off and one other thing. Its a sector I have never liked , its dull and companies in it have to do something quite outstanding just to get a 1p rise. Thats just the way it is. And yes there are 2 very prominent higher lows but I think its best to let it play out . It could go either way.

We will know soon enough , will it bounce of .95 or as I suspect smash through it. Results are a case of sell the news by the looks of it but you never know it could bounce and spike for a short while up until news.

There is no support anywhere at this level for this company in its entire history. Support and it is weak support is to be found at .95 then there is nothing until .92. But again this is very weak and the real support level for this one is at and around the .80p region. The chart shows this to be the case quite clearly. Whether it will follow this route remains to be seen but its not looking like it will hold up here for long.

What I dont get is why this lot are doing things the wrong way around. They are selling the profitable business and keeping the lossmaking one. It also looks like they have no ambition and no idea what to do next and thus are returning cash from the sale back to shareholders. Whats the point in that. Use the money to grow and expand surely? I would say that once you get your special divi then it is time to sell and forget them. Management dont get business.

From a charting prospective there is absolutely nothing to stop this freefall to .95p and the way it is looking it would smash through .95p. But lets wait and see if it can bounce of .95 once it is hit then it may recover but to be perfectly honest it looks primed right now to smash right through 95 and countinue to the next resistence/support level. The chart is quite shocking and it shows no let up at all in this sharp decline. It will be interesting to see what happens at .95p

Yeah well like I said.

Revenue up 14 mill debt up 14 mill whats the point. Any old fool can buy revenue. No growth.