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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| International Personal Finance Plc | IPF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -1.46% | 101.00 | 11:01:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 101.50 | 101.00 | 101.50 | 102.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/03/2024 | Final | GBP | 0.072 | 11/04/2024 | 12/04/2024 | 10/05/2024 |
| 01/08/2023 | Interim | GBP | 0.031 | 31/08/2023 | 01/09/2023 | 29/09/2023 |
| 01/03/2023 | Final | GBP | 0.065 | 06/04/2023 | 11/04/2023 | 05/05/2023 |
| 27/07/2022 | Interim | GBP | 0.027 | 01/09/2022 | 02/09/2022 | 30/09/2022 |
| 23/02/2022 | Final | GBP | 0.058 | 07/04/2022 | 08/04/2022 | 06/05/2022 |
| 27/07/2021 | Interim | GBP | 0.022 | 02/09/2021 | 03/09/2021 | 01/10/2021 |
| 31/07/2019 | Interim | GBP | 0.046 | 05/09/2019 | 06/09/2019 | 04/10/2019 |
| Top Posts |
|---|
Posted at 27/3/2024 10:51 by cwa1 Joined your merry throng...it IS merry, right??...this morning at 110p.Assuming the worst of the Polish news is out there and the rest of the business continues to perform satisfactorily it doesn't look TOO richly rated to me. An impressive dividend whilst you wait too with an Xd of 11/4 for 7.2p alone. And an ongoing yield of ITRO 10% IF it can be maintained in the manner brokers seem to expect. Fingers crossed anyway. Mad...or worth a punt? |
Posted at 15/3/2024 06:33 by tole Peel Hunt sticks with IPF after results holdup Peel Hunt has reinstated its recommendation for International Personal Finance (IFP) after problems in Poland 'overshadowed' the strength of operations.Analyst Stuart Duncan had placed the doorstep lender 'under review' after the group reported it would not publish full-year results following the Polish regulator's letter to credit card issuers detailing how existing laws and regulations relating to non-interest fees should be interpreted.Duncan has now reinstated his 'buy' recommendation with a 160p target price. The shares jumped 11.4% to 112p after the company released its full-year results, but were still down 7.4% this year.He said the results showed 'strong performance' and 'modest Poland impact', adding, 'IPF has delivered a strong operational performance, with profits well ahead of expectations.''Manag |
Posted at 14/3/2024 11:22 by quepassa Very good all round with buoyant outlook.At the inflexion point when global interest rates have peaked and forecast to go down this year, it will be a further major boost for IPF when rates start falling. This will reduce both impairments and funding costs. And what a yield on the share especially when the results were so strong that the dividend has been significantly hiked. all imo. dyor. qp |
Posted at 26/2/2024 08:11 by ttny2004 Only approx 1 week to find out impact. Think over done the reaction this morning.Was great value before with growth and strong dividend.Think will bounce back from here! |
Posted at 05/2/2024 19:56 by freddybruce Low volume and little movement in the stock price of late. Full year results announced in just over three weeks. 3Q trading update was upbeat. we should see momentum follow through into full year. Will it be enough to get the stock price moving? If not shareholders can enjoy a high and rapidly growing dividend. |
Posted at 25/8/2023 18:38 by popit FreddyBruceThanks for the figures So if you think IPF is good value, what do you think of Vanquis? It is about the same market cap as IPF now but it has twice the receivables at about £2 billion and it looks even better value than IPF On Market Screener The forecast PE for Vanquis is 2.5 in 2025 and 17% dividend And forecast PE for IPF is 4 in 2025 and 10% dividend Vanquis is mid cost credit and near prime now and so all the sub prime has gone and all the claims companies have gone I think Vanquis and IPF are both good value, but I think Vanquis is better value at the present time Have you looked at the figures for Vanquis? Do you have your own estimates for Vanquis? |
Posted at 25/8/2023 10:01 by freddybruce @Popit.Straight forward. I've taken net shareholder's equity: currently £463m forecast to grow to £550m (my forecast) by the end of 2025. Reasonable given the 40%-45% dividend payout ratio. And then applied 15% - 20% ROE. That gets you my EPS and Dividend numbers. IPF currently has siginificantly more equity than it needs: Equity to receivables of c.50% (current) vs 40% (required). This leaves room for IPF to support receivables growth in Mexico and IPF Digital and in Poland (following transformation), which in turns delivers underlying revenue growth and generates scale to reduce the cost-income ratio to c.50%. Two of the divisions (Mexico and European Credit) are already delivering c.20% RORE (ROE based on their "Required" equity). So, given the growth opportunities, I think achieving 20% ROE by 2025 is quite reasonable for the business as a whole. |
Posted at 19/8/2023 21:58 by popit FreddyBruceWhere are you getting your forecast figures from? You said that this implies eps in 2025 of 36p-48p and dividend of 16p-22p and a dividend yield of between 13% and 18% Have you just made the figures up? These figures are completely out of line with the forecast figures for IPF on Market Screener hxxps://www.marketsc It shows forecast eps of 18p in 2023, 21p in 2024, 28p in 2025 And forecast dividend of 10p, 11p, and 12p in 2025 The forecast eps for Vanquis is 42p in 2025 And the forecast dividend for Vanquis is 18p in 2025 hxxps://www.marketsc So with the Vanquis share price now lower than IPF, Vanquis seems to offer a far better investment with a forecast PE of 2.5 in 2025, and a forecast dividend of nearly 17% in 2025 The forecast PE for IPF is over 4 in 2025, and a forecast dividend of 10% in 2025 So they both look like that they may be good investments, but Vanquis looks much better value than IPF now |
Posted at 08/8/2023 12:35 by freddybruce I am a fan of IPF stock. Here is why.Management expects ROE to be 15%-20% by 2025 and dividend payout to be c. 45%. This implies eps in 2025 of 36p-48p and dividend of 16p-22p: a dividend yield of between 13% and 18%. With 45% dividend payout it leaves 55% of net income to support growth. At 20% ROE this implies EPS and dividend growth of >10%. This increase in profit (and ROE) is supported by: strong growth potential in Mexico, Poland (post transformation with new credit card product) and IPF digital; and improvement in the cost income ratio to management forecast of c.50% from 57% today |
Posted at 01/8/2023 07:05 by hamhamham1 FIRST-HALF PERFORMANCE AHEAD OF PLANKey highlights Strong first-half performance and increased interim dividend· Reported profit before tax up 12% to £37.8m (H1-22: £33.8m), ahead of internal plans. Interim dividend increased by 15% to 3.1p per share (H1-22: 2.7p), in line with our stated dividend policy of paying 33% of the prior full-year dividend in the first half. Excellent operational execution delivered continued growth and good credit quality Closing net receivables of £893m, up 10% year on year (at CER), with all three divisions delivering strong performances. Actions to improve Group returns continue to be successful: - Revenue yield strengthened to 54.2% (H1-22: 49.8%). - Repayment performance remains robust, with the impairment rate of 11.4% (H1-22: 7.5%) being in line with expectations as rates normalise following Covid-19. - Further reduction in the cost-income ratio to 57.4% (H1-22: 65.0%) delivered through rigorous focus on cost efficiency. Robust funding position and balance sheet to fund growth. Successfully extended £39m of debt facilities in the first half and, together with advisors, exploring options to refinance the Group's Eurobond. Headroom on funding facilities of £84m, together with strong cash flow generation, supports the Group's growth plans into the third quarter of 2024. Equity to receivables ratio at 51.8% (H1-22: 52.4%) underpins the Group's growth plans and progressive dividend policy. Strategy to take advantage of substantial and sustainable long-term opportunities being executed effectively · Rollout of credit cards in Poland progressing well with 53,000 cards issued, and customers recognising and using the extra utility of the new product. · Mexico expansion strategy on track, with overall customer numbers in our home credit and digital divisions approaching 800,000. |
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