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That £7200 sell which drove down the SP yesterday has now been corrected. However despite this and the fact that there ended up being more buys than sells yesterday, even when this sell was included, the SP is still 2.5p down on yesterday. How strange!
After having a quick look I decided to have a punt on this as I cant see any major reason for the SP to be so low and imo it has a lot of potential for the SP to recover. It already seems to be creeping back up from the large fall first thing. There arent many shares in circulation and as a result each buy or sell seems to effect the SP. It seems the fall was down to a £7200 sell but each buy since then has seen the SP rise. As always DYOR.
Anyone in this? With todays large fall it appears to be undervalued.
I decided to sell up today at 137.75p and take my profits. The SP hasnt really moved today and I am happy enough with what i have made. I still think this is a good share and will rise further in the long term but it has risen an awful lot already in 2 days and I dnt know how much is left in the short term. I also get a feeling that the FTSE will fall this week after the last 10 days of gains and this may affect IPF. If it does I will definately look to get back in on any retrace. Good luck to all those that are still in.
I too agree and cant see how this is a good thing. I was in these until last week but decided to sell when they spiked over 8p as I thought they would retrace, as they did. I can see these falling further and will probably buy if they fall below 7p again.
Up over 10% now
Yes exactly the same here. This share has so much potential and the way this share has risen so far, as well as the way it continues to rise, makes me think it still has some way to go.
Its great, each time I look it has gone up another %. We deserve this for the stick we took!
Its only a matter of time before this breaks the 90p+ barrier and stays there. It will then enter a new trading range and hopefully the days of being in the 70s and 80s will be behind us. It has been threatening to do this for weeks.
This has been another good day so far for this share. After the huge gains of yesterday the SP has not only held but has risen over 5%. This all bodes well and it could well go back up to around the £1.50 level it was at before the RNS in May (which no longer applies) and subsequent dip.
Quite a few have said that about Shoan! Yeah the way this share has turned out is very satisfying, especially after all the stick we took when we bought in after the big dip. It really was a no brainer imo and I am glad you too stuck it out.
What a great day for this share. Its funny how some of the derampers who said this company was going to go bankrupt, Shoan in particular springs to mind, arent on here today.
With the update on the 23rd this share will either rise a lot or fall a lot in my opinion. It just depends on how good the news is. With bad news we could easily see a fall back down to 70p or less. However with good news we could see a short term rise to 90p+. and in the long term, with continued good results, this could easily go towards the £1.50 mark.
This share is just falling in line with the market and there is nothing to worry about in my opinion. Indeed it is holding up a lot better than many. If I had the finances I would buy more.
The price only went up though due to the widening of the spread. This share price often changes due to the spread changing. If it narrows again they will go back to 2.88 imo.
STOCKS NEWS EUROPE-IPF up on inline update; Numis bullish Shares in emerging markets lender International Personal Finance (IPF.L) are 4.9 percent higher, after the company revealed that trading remains inline with its view and had not deteriorated since its interim results of May, 8. Numis, which rates the company as a "buy", says it expects 2009 profits to be only 2 percent below where they were for the year ending Dec. 31, 2007, and compared to other lending businesses in Eastern Europe it does not believe IPF will underperfrom this year. "Given the statement today we now see the probability of a covenant breach as low, and consequently the risk profile of the business is significantly reduced," the broker adds. IPF's half yearly results are due on July, 23. Reuters Messaging rm://david.brett.reuters.com@reuters.net
This was good news in my opinion. It was obviously taken by the market to be as well as the share jumped 12% yesterday after it was announced. Things havent got any worse since in its markets since the interim management statement in May and everything is in line with management expectations. I think the uncertainty as to how the company was performing in its markets, and in partcular Hungary, was having an effect on the SP. However this statement shows that things havent deteriorated and that the directors are managing the company well. I think there was a big overeaction to the Hungary news and the subsequent fall in the SP, probably due to the fear of things getting worse. However according to the trading statement things havent got any worse and that everything is in line with management expectations and this should see shares rise further and start trading above the 70-80p range that it has traded in recently. I can see it rising to near the £1 mark again soon, and above it if the half yearly results are positive on the 23rd July. As always DYOR.
RNS Number : 5628U International Personal Finance Plc 26 June 2009 26 June 2009 Trading update - International Personal Finance plc Since the publication of the Interim Management Statement on 8 May 2009, trading has been in line with management's expectations. The company's half-yearly financial report will be published on Thursday, 23 July 2009 and will be accompanied by an analyst briefing. For further information contact: International Personal Finance plc Steve Jones - +44 (0)113 285 6846 This information is provided by RNS The company news service from the London Stock Exchange
A good rise after the falls this week
The SP has finished above 90p which is really good. Hopefully this will be its new base from where it can then attack the £1 mark.