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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Impact Holdings | IHUK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 45.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 45.00 | 45.00 |
| Top Posts |
|---|
Posted at 21/12/2015 12:02 by grlz Dire doesn't cover it.With no business to speak of ongoing expenses are burning thru any cash received from legal recoveries. Legal recoveries aside, IHUK's primary asset is an enormous Head Office building that IHUK appears to have little idea what to do with now business has been suspended! Must be costing a small fortune to keep insured, heated and secure. Is the plan to keep this building empty? The decision to enter legal funding opposed to expanding the property focused bridge loan book has been a complete disaster. Money loaned to fund legal costs was never repaid and none of these loans where backed by any meaningful security. Thru 2011-2014 IHUK was turning away business from housebuilders looking for development funding despite a chronic housing shortage and government basically subsidising the sector with Help to Buy. IHUK could have been charging 1.5 - 2.5% per month on money advanced backed by First Charge security. Other small property lenders are currently making a forture. IHUK are making losses. The board of directors have no idea! |
Posted at 17/12/2015 18:11 by drmaccers Calm down everyone, stop posting so much about IHUK lol |
Posted at 06/2/2015 16:31 by grlz IHUK still a basket case. The strategy of lending money to ambulance chasers completely failed, rescued by the court hanging the debt on to the solicitors PI provider. Call me old fashioned, but better investing in a lender whose borrowers have the ability to servicee their own loans and provide security.At least today's price spike allows LTs a decent exit. I'm out. GL to those getting in. |
Posted at 30/9/2014 13:31 by grlz Completely rudderless. Management have run IHUK upon the rocks and obliterated shareholder value.The BOD seem preoccupied micro-managing items of little or no consequence losing all sight of the bigger picture and what is required to drive IHUK forward. Appears the CEO has no idea or clue what investment strategy to pursue. Management can't even state the regulatory framework correctly: Impact is regulated by the Office of Fair Trading through which it is licensed to lend under the Consumer Credit Act 1974. Incorrect, The Financial Conduct Authority (FCA) took over the regulation of consumer credit on 1 April 2014 from the Office of Fair Trading (OFT). Presently Impact and Sutherlands operate with FCA Interim Permissions - Management have no clue what they are doing - couldn't run a toffee apple stall. |
Posted at 22/1/2013 17:09 by superjane Resignation of Director Justin Bates has notified the Board of his desire to resign from his role as a Non Executive Director with immediate effect. Both Impact and Justin wish each other well for the future. Here is the first to jump ship. Looks like total chaos! Fall out from the complete failure of the legal services strategy I expect.. IHUK made an enormous mistake exiting property funding OMNI Capital, Dragonfly Finance and Vanberger Property Finance are coining fortunes in bridge loans. I hear Omni averages 16%, Dragonfly and Vanberger 19%. IHUK had £5m of lending liquidity to play with - pulled out of bridging finance to chase risk in legal services. Total miss-calculation. IHUK could be making a million profit a year in property loans now.... epic failure |
Posted at 11/12/2012 10:30 by superjane IHUK have recognised that legal expense funding has a ceiling so are looking to diversify, but pure Legal Services are currently subject to regime change meaning its hard to predict future profitability, and impossible to judge the sector's value. Making an acquisition at the moment very high riskIHUK had (still has) a licensed property finance division; however it's been suspended as they hired a fool to run it. IHUK should have fixed that division and got in to niche funding. OMNI Capital, Dragonfly Finance and Vanberger Property Finance are making fortunes in bridge loans - I heard Omni average 16%, Dragonfly and Vanberger 19%. IHUK had £5m of loan liquidity to play with - pulling out of bridging finance to chase risk in legal services was miss-calculated |
Posted at 24/9/2012 11:30 by grlz Good news for IHUK - Tiuta plc has entered administrationNow that a competitor has hit the wall, should allow IHUK to increase margins and improve customer flow. DYOR |
Posted at 10/8/2012 10:25 by grlz looks like IHUK are going to make an acquisition soon |
Posted at 27/6/2012 16:06 by grlz results due - if IHUK delivers anything like PCF the share price could start moving ;) |
Posted at 17/5/2012 09:50 by grlz positive development - IHUK looks likes its priming for a reversal imho |
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