Impact Holdings Share Discussion Threads

[still waiting] 22/12/2010 08:15

with the finals possibly about to show pbt of £600K and directors holding a lot of stock expect to see a big special dividend to release value.

[still waiting] 22/12/2010 08:02

looking like it wants to go higher.

with only 2 mm's, any buying will see a quick move higher imho.

[still waiting] 21/12/2010 20:30

might start shifting some funds in here, looks similar situation to DAV before it did 1000% a couple of months back

[grlz] 21/12/2010 17:23

SW - OPM signals how much demand there is, its a situation that is benefiting all companies in the sector who are now beginning to enjoy the benefits of 'last man standing' now that the weak players in the market have ceased business or fallen away.

imho OPM is a touch expensive after its recent run, although it remains attractive - small lenders tend to have a fair value of 10x earnings and OPM are suffering from limited availability of banking lines as other players in the sector like PCF. OPM borrowed funds from Ron Russell to keep moving but private investor capital is an expensive way to fund growth.

IHUK resolved its funding lines last year by acquiring Sutherlands and integrating their facilities into Group. This year's results will be clean of those costs and should demonstrate the growth potential coming from that buy ihmo.

What I find interesting is IHUK looks like its dipping its toes back into property lending with the recent creation of Impact Property Management Limited last September - IHUK has an existing property bridging division to build on, so it may signal a high-yield return to the sector in a similar vein to other niche players recently like the privately owned Vanberger who specialise in grant assisted development lending who charge c.40% interest and Cheval who are lending commercial at c.50% LTV www.cheval.co.uk

No one is being generous and lenders like IHUK are able to cherry pick business so the returns going forward will be fantastic imho

DYOR

[still waiting] 21/12/2010 15:57

interesting...

how do these compare to OPM?

[grlz] 21/12/2010 15:06

results due week on Friday - may declare a dividend given the high eps, should jump start the share price significantly imho

Sutherlands is now fully integrated and performing well now its a virtual monopoly in the market

Property Management has been created to lever the funding expertise IHUK has in the sector - should enjoy additional fee income and increase top-line margin

Looking good for another run, like on the last results ;)

[grlz] 03/11/2010 10:58

TDW can only price at 80p for a T10 purchase this morning and MMs seem to be offering better than the bid for stock.

DYOR

[grlz] 03/11/2010 10:25

2,222,402 shares in issue @72.5 = £1.61m

The results (31/3/10) had pre-tax profits up 11.6% at £324,464.

£2.2m in cash - £4.5m NAV means the MK is covered with the business thrown in for free.

Very attractive target currently being stalked by Bruce Judge and Greg Litster who have increased their stakes to c.15%

[emuphil] 03/11/2010 09:35

empirestate, it's 1.61m after the move up in the last few days, but has £2.2m cash in the bank. Liquidity doesn't seem anywhere near as bad as you would expect for mc of that size - I've bought two reasonable size chunks with no issues at just above the mid price.

[empirestate] 02/11/2010 18:09

the only issue here is how illiquid the stock is. i can imagine the nms is low and it could be a struggle to sell a size in a single lot, apart from that it is offering an exceptional discount to net nav, a significant eps and a relatively low p/e of just under 5.

[empirestate] 02/11/2010 18:03

does this really have a mcap at the current share price of GBP1.47M ?

[granada7] 02/11/2010 14:53

grl

i have added a tad more this afternoon.

Will look to add as and when before the herd find out.

[grlz] 02/11/2010 13:51

granada - you could be right, up again on nothing - MMs must be short. We can't be far off Judge showing his hand and making a formal bid imho

[granada7] 01/11/2010 20:33

looks like 80p could be breached this week imho

[grlz] 01/11/2010 16:09

further tick up - MMs must know something

[grlz] 01/11/2010 14:18

very telling this morning's sale didn't knock the sp, but again a small 3k buy showing on plus moved the share price - MMs must be very low on stock and are nudging this higher so they don't get caught short if a possible bid comes in imho

[grlz] 01/11/2010 14:15

yep moving up again - Bruce Judge buying is interesting as he's a known corporate raider, and it wouldn't take much to acquire this whole. I doubt an Aussie raider is interested in buying into this undervalued and profitable company for his SIPP.

[goz1986] 01/11/2010 12:21

please don't ramp that stuff on here..... It may well be a good investment but it has little to no similarity to this stock....

[granada7] 30/10/2010 12:21

i reckon next week this could break short term highs. expecting 80p plus by end of next week.

[goz1986] 29/10/2010 18:41

grlz: don't you worry I am very aware of what we have here, I didn't start the board and post the link about Judge for a jolly! I am in this just not to the extent I want to be.... will be soon though, with a bit of luck ;-)

[grlz] 29/10/2010 16:02

Goz - 2 holders with 15% between them, one of them is aussie corporate raider Bruce Judge, you should move quickly as the share price could move.

IHUK has some serious upside potential, its making profits that significantly undervalue the current MK... add the cash the company holds and its easy to see why the MMs move the share price with every small buy - imho it won't take much to move the share price

[goz1986] 29/10/2010 14:47

Okay chaps lets not go bonkers, I cant get my grubby hands on the cash I need till mid November so don't go around telling everyone.... I hope I don't regret starting anew board....

[grlz] 29/10/2010 13:44

Granada - IHUK looks very undervalued now its making profits and retained cash equals the MK