Non-standard Finance Share Discussion Threads

[archway1] 13/7/2016 20:48

And it shows.

[don777] 13/7/2016 14:34

sale was cleared on 11/7, at 50P for 5.32M shares.

we should be bottomed, bounce back as general market does.

[toby tots] 28/6/2016 16:39

Whatever turns you on.Lol

[hibberts] 28/6/2016 14:58

Do we finally have a bottom?

[elgordo] 09/5/2016 16:49

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...

[archway1] 29/2/2016 23:19

As you can see I was right and YOU are wrong.

[topvest] 23/12/2015 18:03

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.

[horndean eagle] 04/12/2015 10:44

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.

[cwa1] 04/12/2015 07:51

Acquisition:-



And tucked away in it:-

10. Current trading, trends and prospects
Loansathome4u

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.

[toby tots] 01/12/2015 12:30

Not one of his best punts.

[dgwinterbottom] 17/11/2015 10:35

Mr Woodford will not be impressed!!

[fizzypop] 13/11/2015 15:37

and abandoned ship today at 95p.

[fizzypop] 08/11/2015 19:27

Thx hazl, wish I had as well.

[hazl] 08/11/2015 19:14

sorry fizzypop I had a clear out a while back

[fizzypop] 08/11/2015 18:59

Any PIs still holding apart from me?

[fizzypop] 31/10/2015 21:15

Another month slips by with no news. Held since April 2015 so 6 months on and the slow drift down continues. Anyone care to comment?

[hibberts] 15/10/2015 15:40

Has Old Mutual Plc bought or sold?

[fizzypop] 15/10/2015 15:19

Well someone had to post during October ... ZZZ

[toby tots] 21/9/2015 13:41

Not one of the Sunday Mail's greatest tips!

[hazl] 10/9/2015 08:23

quiet bb!!

[andyhay1] 03/9/2015 20:15

Who next ? amigo loans , perfect homes ?

[hibberts] 03/9/2015 09:46

Lets hope this is the beginning of a profitable journey.