||EPS - Basic
||Market Cap (m)
Non-Standard Share Discussion Threads
Showing 276 to 297 of 300 messages
|Does make you wonder the home credit division only posts 1m profit yet the old company under the Coombs brothers regularly posted profits before tax of 6m.
They were very good at cost/ expense control and keeping the impairment under control.Thats what happens when control passes to people without a large stake of their own money invested in the company.
The Coombs had circ 52% of shareholding in the family.
Watch this space let's hope for all the employees things improve !|
|Perfectly good management structure before under S&U PLC ,£82.5m paid with a current loan book of £33m.
Where are the original management team employees now from S&U?
The new lot come in ,where are most of these now?
I agree with the need for investment on IT infrastructure and compliance ,but overspend seems to be the case here.
Just Google some of the past and present board members alongside ,Welcome Finance,London & Scottish ,Yes Car Credit.
Why is the market leader in this sector moving their agents from self employed to employed ,in readiness for full FCA approval?
I think the board at NSF should be giving this some serious food for thought ,self employed agents have always acted under a target driven environment in the past which usually meant with unscrupulous reps "overloading customers" and constantly chasing bad debt.
It is crystal clear that the FCA see this as target driven and in my honest opinion ,would prefer to see all reps employed.
Watch this space and let's see what happens with NSF in the very near future ,on their self employed reps.
Remember this,the market leader still hasn't got full FCA approval and neither has NSF ,it appears to me that the FCA would prefer all home collected credit reps to be employed to secure approval ,although i could be wrong this is my assumption.|
|the announcement today of provident agents becoming employed from July questions the potential profit contribution from Loansathome? Moving 785 agents from self employed to employed status with additional NI, pension and holiday costs, and additional admin is going to be a costly excercise. I'm sure that the horizon scanning should have picked this up before purchase for £83M.|
|possible oversold, NSF is like NRR, another solid growth company to be hold in long term.|
|Does anyone know a reason for the rise today? Currently showing as 9% up on no news/or rns.|
|AJ Bell set the telephone service only for NSF since yesterday and today, i use this online platform for many years and first time met this, contacted them, got the explanation for management decision without details.
did anyone meet this before? or is it the same in other dealing platform?
does it mean there's big buy/sale AJ Bell is working for?
|So the loanbook for loansathome is 33M - for a business they paid 82.5M less than 18 months ago, and the average agents loan book decreased. We're is the management ! As noted by chimers, it's easy to spend someone else's money!|
|Broker's view 17/01/2017
Non-standard Finance Plc
NSF Peel Hunt Buy 56.13 54.25 106.00 106.00|
|With HMRC looking at the 'gig' economy re the self employed status of workers and the type of agents used at Loansathome, and this week the regulator undertaking its review of high cost short term credit including home credit it's time maybe to consider stock. Both of these risks question the original investment case?|
|Broker Views for Non-standard Finance Plc
This table is a guide to the latest buy, sell, hold and target price forecasts from the big City banks and brokers.
Price when issued
Old target price
New target price
03 Aug 2016
Peel Hunt Buy 65.50 61.00 106.00 106.00 Reiterates
08 Jul 2016
JP Morgan Cazenove Overweight 65.50 57.00 100.00 100.00 Reiterates
07 Jul 2016
Peel Hunt Buy 65.50 58.00 106.00 106.00 Reiterates
15 Jun 2016
Peel Hunt Buy 65.50 67.00 106.00 106.00 Reiterates
06 Jun 2016
JP Morgan Cazenove Overweight 65.50 68.13 - 100.00 Initiates/Starts
03 May 2016
Peel Hunt Buy 65.50 63.75 - 106.00 Initiates/Starts|
|"The Group has achieved a solid first half performance, reflecting the positive response to the changes implemented in each of our three business divisions. Loan book growth is in-line with our annual target of 20% and customer numbers are also growing strongly with the result that we remain on-track to achieve our targets of 20% annual loan book growth and a 20% return on assets in 2017.|
|it seems many jumped in before tomorrow's IR.
it might mention dividend policy.|
|And it shows.|
|sale was cleared on 11/7, at 50P for 5.32M shares.
we should be bottomed, bounce back as general market does.|
|Whatever turns you on.Lol|
|Do we finally have a bottom?|
|NSF make an appearance in The Times' Business Commentary column today, discussing the lack of interest in lending to those with "impaired credit" (euphemism of the day) amongst mainstream banks. Van Kuffeler's experience referenced, NSF "backed by serious investors", describes the segment as "where profits are strong and recession-proof for those who know what they are doing". (Side note - who remembers Cattles plc / Welcome Finance?). Also mentions AvantCredit.
The mystery to me is what has prompted this article in the first place...|
|As you can see I was right and YOU are wrong.|
|Yes, was expensive but good for new investors here as the 84p price I paid for an initial position reflects the value post deal and is cheaper than all the institutions placing price. They seem to have good growth prospects, and a good team, so thought this looked quite attractive. Hopefully, next time they can do a deal at a better price now they have critical mass.|
|Loansathome4u is bedding in as planned. You can see its beginning to grow balances now
Bigger issue is what they have paid for today's acquisition and the fact they have raised money at such a big discount. Not happy on either of those fronts. I would have thought existing holders such as Woodford and Invesco would have been keen to protect their existing positions and gone for a higher price. Got that one wrong. Very clear to see who got the better end of the deal judging by respective share price moves.|
And tucked away in it:-
10. Current trading, trends and prospects
There has been an overall decrease in loan issuance in the current financial year due to a focus on preparation for SD Taylor's application for FCA authorisation and a tightening of Loansathome4u's policy on issuance of re-loans to existing customers. This has led to a decrease in the overall number of active customers.
Since October 2015, the Directors have initiated efforts to increase the number of agents as part of their growth strategy, which will increase Loansathome4u's administrative costs. Although there will be a short start-up period when there will be no offsetting increase in revenue as the new agents establish themselves, the majority of the agents that have been hired are experienced agents with an established client base, and this is expected to limit the duration of the average start-up period. In addition, in the run-up to the 2015 Christmas period, Loansathome4u anticipates that it will lend more money than it collects from outstanding loans, and therefore will experience a temporary funding deficit which will be addressed by an intercompany loan from the Company.
The Directors also intend to increase capital expenditures in the current financial year as compared to prior years in order to invest in additional systems and technology for Loansathome4u to enhance its underwriting processes, expand its compliance function and add a data analytics team, all of which will increase administrative costs. The Directors are in the process of introducing new methodology for estimating revenue and impairment accounting that will be applicable to Loansathome4u.|
|Not one of his best punts.|