Member Info for TTNY2013

Agree with your comments. The key will be to maintain support short term above above 75p and not fall below those levels again. Otherwise we will have that tough level to break as well. Medium term though in 2021 can see we will be in 150 to 200p range assuming full lending % resumes and pandemic risk eliminated summer 2021 with vaccine distribution and new normal.

Yes, 150 to 200p will be achieved in 2021 for sure IMHO.
See much higher over next 2 to 3 years.

Good set of results and right momentum.
300p broken and behind us now.
Next target 500p, which think we will close in on quickly leading up to xmas.
By end of 2021 we will be two years into 3 year turnaround plan and expect SP to be trading above 1000p again, assuming plan is delivered.

So far so good, and a cautious well done to management involved in today's results.

I was basing that on a 5 year spectrum. If you look at them with 10bn under management by 2025 with good returns . Well over double of that today. That's why I came up with that figure. Think before collapse 250 to 300p beginning of the year was fair value.

An excellent set of Q3 results. Expect this to go up from hear to 200p and over.
1) Return to profitability.
2) Funds under management will double to over 10 billion by 2025.
3) Excellent returns.
4) by 2025 leverage down from 4 to 3.
5) very attractive investment opportunities due to current situation
6) investor and fund management seminar at 2pm today
If we look at historical share price and these facts going forward if delivered believe SP will be 500p plus in future.

I think you are right. Looking forward to the results and investors/broker analysts call in the morning.

Keep your nerve if you are a LTH and not a trader. Sure as one can be that patience will be rewarded in the medium to long term. Lots of these tucked away in my pension.
10 to 15 year time frame. Can see 3 to 5 times today's value by then.

Final post of the day. If we can break the resistance at this level 72 to 75p and break 80p we will be onto new levels up until 100p I think seeing a nice steady rise.

Company being covered presently by 4 brokers :
Canaccord - Portia Patel / Justin Bates
Numis Securities Ltd - James Hamilton
Peel Hunt - Stuart Duncan
Shore Capital - Gary Greenwood

So hopefully we will start seeing updates from the other two as well going forward.

And if tiny url link to the numis broker buy note could be posted that would be great. Be good to see what they had to say.

Can anybody post the numis buy note text
Be good to see what their coverage was. Thanks.

Great we got a broker upgrade on Friday.

Shore Capital increase from hold 75p target share price to a buy rating 110p target share price.

Now awaiting for others to follow suit - Peel Hunt, Numus, Citigroup, etc.

Expect to see SP slowly head north now to 100p and beyond over coming months.

That's exactly my take too.

Remember if you get a chance to watch/listen to the investor and analyst call at 9. As recorded you can always watch after.

Investor and analyst conference call
International Personal Finance will host a conference call for investors and analysts at 09.00hrs (BST) today, Wednesday 14 October 2020.

I agree

Surprise Q3 results coming out early but a nice surprise. Excellent results. Strong performance, solid cash position and the Eurobond looks to be on it's way to being resolved.

Remember to subscribe and watch/listen to investors results call today. Always really informative in my opinion.

1. Return to profitability driven by continued positive momentum in operational performance.
 
2. Strong collections effectiveness improved to 95% of pre-Covid expectations in Q3.

3. Prudent relaxation of credit settings resulted in a 55% increase in credit issued in Q3 compared to Q2.
 
4. Group annualised impairment as a percentage of revenue 38.1% (HY 2020:37.5%); improved underlying impairment performance
 
5. Strong capital and short-term liquidity position - £348 million of cash and headroom on current debt facilities.
 
6. Remain committed to the health and safety of our colleagues and customers, and well-developed contingency plans for Covid-19 second wave in place.
 
7. 2021 Eurobond exchange offer launched today alongside a consent solicitation process for our SEK and sterling

Arch- well put. In addition to the financing update, think shareholders keen to see collection ratios still good and understand levels being loaned. If this is positive would expect to see a significant rise above 100p as even at those levels would be very undervalued.

Re dropping to 30s. I don't think so. If it does I'll buy the company lol!

Could only see dropping to mid 50s which it nearly did today but rebounded.

Agree a very good webcast explaining the results.

Confidence in strong return to profitability next year.

H1 taken hit covid19 with 36m factored in balance sheet as a loss expected to be fully repaid over next 12 months and coming through on the balance sheet over these periods.

Lending to be significantly increased over coming months.

Very confident of bond apr 2021 refinancing and statement regarding risk of going concern had to be put in legally.
Talks to date going well and supportive. This will be a big step forward once that happens.

Dividends will be reinstatated but uncertainty exactly when. My guess H2 2021.

Strong balance sheet.

Collections at 96% and if take hungry opt out moratorium in place would be closer to 100%.

All in all a solid performance in exceptional times. Will be interesting to see any brokers notes and revised forecasts.

Lastly, will review monthly updates but expect to issue a Sep update.

Yes, not long to wait now. Half year results and August trading update out on next Tue 8th Sep. Investors conference call also that morning. Hopefully lots of updates and progressive news to carry the SP north back to pre covid levels.

Yes, they have been for ages.
Once they are out this will explode.
Still lots buying stthese prices to mop up shares.