International Personal F... Share Discussion Threads

[wad collector] 07/1/2016 09:00

269 will trigger my buy limit. I am sceptical latest "news" should make difference to IPF.

[wad collector] 15/12/2015 11:24

Interesting. I don't normally do Bonds , but maybe I should diversify a bit.

[jeffian] 14/12/2015 11:35

The IPF1 corporate bonds (6.125% maturing 2020) took a hit on the Slovakia news. If IPF doesn't go bust that's a 7.2% running yield plus 18% capital gain!

[wad collector] 14/12/2015 11:29

He is £10,000 up already!
Don't mention Marconi ; I lost a few quid there too.

[jeffian] 14/12/2015 11:03

I'm always a bit jaundiced about Directors' share purchases to shore up a crumbling share price, but if you're going to do it, it helps if it is a meaningful amount. £300k seems more than a token gesture! (Mind you, I was suckered into following Lord Simpson into Marconi............)

[wad collector] 11/12/2015 17:19

Now that was a well timed trade , unlike my last 2 buys here ; sold my morning's buy for 299 (Thought the integer multiple 300 might be a resistance level). 21% profit after fees.
Not much else shining in my portfolio this week!

[topvest] 11/12/2015 14:08

Well I've decided to get back in again. Got more shares for the same outlay. Disappointed I didn't catch the bounce as I was in meetings this morning.

[oregano] 11/12/2015 10:19

Forecasts for this year are over £100m. the reaction is due to a the impact of a second regulatory hit. they don;t appear to have any issues paying debt. the market is just taking no prisoners atm. I'd wager they bounce a bit.

[wad collector] 11/12/2015 10:07

Ouch , yes I timed those buys badly. I see the Slovak profit was about 12% of the total profit last yr.
On the positive side , increased regulation tends to favour the reputable end of the loans market , which is largely where IPF sits.
I decided , perhaps rashly, to add some more at 244 , looking for a bounce.

[topvest] 10/12/2015 16:29

Really bad news again on the regulatory front...I'm out for now. Might buy back, but today's news shows the regulatory risk is increasing. First Poland and now this!

[wad collector] 09/12/2015 10:43

Bought some more at 346 this morning . Seems too weak.

[wad collector] 08/12/2015 11:53

Picked up that 355 limit buy ; new 3 yr low . I don't see a good reason. If the expectations for FYE only meet the lower end of expectations then that is still 10% of the share price

[danieldruff2] 05/11/2015 08:09

The market is obsessed with their Polish performance. You heard it again on the conference call.

[wad collector] 04/11/2015 23:24

I just re-read the Q3 statement. It seems clear that the company anticipates trading in line with expectations , and expectations are of EPS next yr of 35- 45p. This is at least 10% of today's closing share price
My conclusion is that I don't think this price is justified on fundamentals.

[wad collector] 04/11/2015 15:22

Slow rise not happening this week , I think this is all about global confidence and happy to have some more if they hit 355.

[wad collector] 06/10/2015 10:38

Breaking out I think ; 410 breached
The broker forecasts , FWIW , suggest a 3.75% 2016 prospective yield covered 2.6X
That seems pretty impressive to me , though I note the usual discordance of broker views from sell down to 358 from Liberum to buy up to 565 from Numis. Almost as if they are all guessing. I prefer to pay for my own guesses and I guess a slow rise back up to 500. We will see.

[wad collector] 01/10/2015 11:08

Hope you didn't short it!

[wad collector] 07/9/2015 17:36

Only if you are brave. Could easily ping up 50p to 430 or so. Rather depends on the wider market than IPF I suspect.

[ustapro] 03/9/2015 11:42

Potentially a good short from these levels.

[wad collector] 16/7/2015 17:46

Think I called more or less bottom with my 353 buy ; shame about my earlier buy. I still think this is a company with a good niche in a profitable sector.

[wad collector] 15/7/2015 13:15

Apfindley stop ramping. Nothing to do with IPF.

[danieldruff2] 14/7/2015 21:04

There is audio of an analyst call about the Polish news on the IPF website, worth a listen

[apfindley] 14/7/2015 14:17

IRG IRG £1.2mill market capwith 108mmbbls oilIRG Value should be £350millIRG