Member Info for TTNY2013

Be interesting to see results tomorrow and forward forecast. Seems significant doom and gloom priced in.

Any better situation confirmed think will see a sharp SP increase, but still potential to jump onboard but may miss initial 10 to 20% if good. Have a position but may add after tomorrow depending on what is said. Guess many watching from the sidelines.

Also interesting that short positions that were above 12% in 2019 have come down to less than 1% (0.79%) recently. Was one of the most heavily shorted shares in 2019.
Source:
https://shorttracker.co.uk/company/GB00BDGTXM47/

Institutions such as Morgan Stanley accumulating recently. They also have a target price of 150p.

As a comparison of similar companies ipf listed on lse
We have
Amigo (AMGO)
Morse Club (MCL)
Non Standard Finance (NSF)
Provident (PFG)

Out of these 4 both AMGO and NSF were loss making last year with 27m and 76m loses on revenues of 294m and 180m respectively.

MCL and PFG were both profitable last year with 16m and 84m profits on revenues of 117m and 998m respectively.
IPF as U would expect you all to know had 71.8m profits on 889m revenue .

However, P/E ratio for IPF is 2.2 whereas as MCL and PFG are 5.5 and 5.4 respectively.

Further illustrating how undervalued IPF is against peers.

Thanks for sharing the info. Please let us know if you get confirmation of this.

Nice steady rises again moving to retest last highs of 68p.
Especially on a general poor day for the markets.

Stuart Sinclair a non exec director and chairman
He just purchased 87,000 shares at 57p
Shows confidence !!!

Up we go ...

One 43p broken lift off. Free air to next 55p resistance level now seller out the way. Big 10m sell went through which must have been worked through by MMs.

From a TA perspective (ie charting) a double bottom seems to have formed. Could see an explosive upwards breakout coming.

Really strong fundamentals as well IMHO as already summarised. Just added more to my pension holding this morning.

Be interesting to see whether 32 to 33p range holds forming a double bottom. Close now!

You take your chance and pay your money.
As you say anything can happen.

However, when we know the answer to that this will be 100p plus imho as this is already factored into price.

I dont think the leaders of the world economies will allow that too happen. There is a strong downturn 25% trade wise in Q2 due to covid19 but we will see in coming 2 quarters as countries open up exactly what happens. I predict the year will end 5 to 10% down on jan 2020 levels. That would be a good result.

Buy when everybodies selling and sell when everybodies buying. Thats the way to make money and be patient. I am in for the long term as part of my pension holding. At these prices great sp value growth play plus very high dividend thrown in as income when that is resumed.

Good luck all.

Also as said
1) pe rating of 1 just crazy
2) imagine after all this blows over 2021 onwards and dividend reinstated. At previous levels which have been in place for many years this equates to a 33% dividend. I know not being paid currently like many companies.
3) I see SP increasing to first 100p levels and then back to 150-160p range which still was cheap.

Maybe they should think about a share buyback
Which is one of the best ways to directly return value back for shareholders when SP is undervalued.

The obvious answer is The Bod should start a share buyback programme. If shorters are trying to reduce SP let us shareholders enjoy the ride by reducing the amount of shares in issue which is really increasing the worth of our shares (opposite to dillution). Also buying shares in a meaningful manner by BoD members. 77 shares hardly inspires anyone!

Definitely starting to trend upwards.
Been on my radar for a while.
Feel the new deal is a win-win for company/shareholders from a risk perspective with no outlay and payment based on share warrants at price at 3 key milestones. If news good share price should be higher.
Also if SP breaks 5p gap that needs to be filled to 10p which could close quickly with right momentum.

Undervalued? Good buying opportunity? PE ratio of 11. At this price and strong year on year growth seems like a good buying opportunity. What do others think?