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Impact Holdings Share Discussion Threads
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|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!|
|Resuls not very nice - Could this be going the same way, or worse than,Judicia ?
The only thing certain is that the legal profession on ALL side will have their lb of flesh. So what (if anything) will be left for the shareholders ?
Could be a gamble sometime BUT (imo) at a very much lower price.|
|Have a good feeling and gave held a few for ages. Happy Xmas all :)|
|Calm down everyone, stop posting so much about IHUK lol|
|Some more financial reviews http://drmaccers.blogspot.co.uk/2015/12/updated-impact-numbers-ihuk.html?m=1|
|If you look at the last interims and full year, the second half profit was nearly 500k :)|
|Had shares in these for yonks. Breaking out it seems|
|Sorry. Think you are correct. Edited thanks|
|Bought in this am|
|Pump and dump happening again?|
|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.|
|Going up again ....nice|
|Mega news here £1.2 million coming ,Only small £2.4 million market cap.Should see £2.00 a share soon.|
|Congrats. Another litigation Oxus Gold.. News expected soon. Check OXS.|
|Huge award £1.2 million compared to the market cap.|
|Awarded £1.2 million.Market cap only £2.2 million.No brainer .Multi-bagger.|
|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.|
|Looking at note 14 in the accounts
2.6m ordinary A shares
10.2m ordinary B shares
" On liquidation the holders of the B shares shall be entitled only to repayment of the nominal amount paid up " ?
Is that 5.1 million pounds ?|
|Not sure what to make of the Interims. Look ok compared to previous year but no sign yet of growth and Chairmans statement not particularly encouraging. Decided to bail out at breakeven, but on my watch list.|
|I should add, I'd buy in here otherwise. But all the profits will go to the directors, the risk to the other owners.|