International Personal F... Share Discussion Threads

[smidge21] 28/4/2022 07:26

Decent Q1 results

Q1 2022 trading update

Highlights

Good credit issued growth of 10%, driven by Mexico home credit and IPF Digital

Closing customer receivables of £713 million, up 14% year on year (at CER)

Revenue increased by 10% driven by growth in the receivables portfolio

Continued favourable collections performance and excellent credit quality delivered Group annualised impairment as a percentage of revenue of 11.5%

Strong balance sheet to fund growth with headroom on undrawn facilities and non-operational cash balances of £102 million at 31 March 2022

[wad collector] 07/4/2022 14:26

CFO just bought 50k same day as awarded 385k from his options.Guess that strengthens confidence , not that you would know given the 10% share price plunge since then.

[robinnicolson] 25/2/2022 17:44

Peel Hunt raised their price target to 185p from 165p.

[topvest] 23/2/2022 21:36

Yes, showing good resilience. Results benefited from bad debt provision releases following last years write-down's, but all divisions heading in the right direction. This was an erroneous purchase by me a few year's back and its not been pleasant, but I'm not a seller at this price. I will follow Aberforth and sell when they think its at fair value, hopefully nearer £2 a share. Long-term, regulation is catching up with this sector.

[mikalan] 23/2/2022 09:07

Excellent results indeed. Really well run company. Very resilient. Good dividend. Has had to battle crisis after crisis either euro regulations, covid and now I suspect Ukraine situation and yet has still made good profits and is growing. Imagine what it would do with a fair wind!

Should be £2 and long term much higher IMO.

[deadly] 23/2/2022 08:50

Excellent results today. Very cheap and price had drifted for no good reason.

[adi27] 12/1/2022 12:51

Can anyone explain to me all the small trades please?

[adi27] 30/12/2021 10:43

People wanting out before the end of the year!?

[mikalan] 29/11/2021 14:26

What a very odd day!

Hope no one panicked and sold out too early. That said who knows where we'll end up today!

Bottom line though for me is that the RNS highlighted how well IPF has done. It's streamlined it's business and improved the quality of the credit issued. To have turned the business round and to be making sizable profits in these circumstances is nothing short of remarkable.

[ttny2004] 29/11/2021 07:55

Totally agree. Very solid and very well run business with strong and competent leadership. Not many of those around.

[ingham87] 29/11/2021 07:19

Another strong read. Great business.

[adi27] 03/11/2021 07:48

Not a bad read that!

[ttny2004] 03/11/2021 07:45

Q3 Trading UpdateHighlightsStrong operational performance and well-positioned for further growth Rebuild strategy proving highly effective and delivering sustained growth momentumImproving consumer demand and selective relaxation of credit settings delivered 35% increase in credit issued year on yearBuilding sales momentum delivered 8% increase in closing receivables since the 2020 year end (at CER)Strong collections and high-quality lending resulted in very low annualised impairment as a percentage of revenue at 12.0%Strong funding position and well-capitalised balance sheetSuccessful issue of SEK 450 million bond at 7% coupon, maturing October 2024Fitch Ratings improved IPF outlook to Stable and reaffirmed long-term credit rating of BB-

[ttny2004] 29/10/2021 02:40

Q3 Consolidated Financial Report out on 3 Nov 2021

[ttny2004] 27/7/2021 12:58

Agree excellent results from a top senior management team. Impressed. Cannot say that in regards to lots of other companies.

[mb6416] 27/7/2021 10:08

These results are very good. Inspires confidence in the management & company. share price onwards & upwards

[wad collector] 27/7/2021 09:19

The dividend returns...

Ø Significantly improved financial performance and dividend restored
o Group profit before tax of GBP43.3 million and all divisions
profitable (H1 2020: Loss of GBP53.3m)
o Proposed interim dividend of 2.2 pence per share (H1 2020:
Nil)

Ø Robust trading performance
o Very good progress made in rebuilding the business and serving
our customers safely
o Successful strategy of selectively relaxing credit settings
delivered 25% increase in credit issued year on year, with
Q2 15% ahead of Q1
o Closing receivables increased by 5% (at CER) since the 2020
year end
o Significant improvement in impairment as a percentage of revenue
to 13.7% (FY 2020: 37.4%) enabled by continued strong collections
performance
o Cost saving benefits from 2020 rightsizing programme delivered
- Other costs GBP13.4 million lower year on year

Ø Strong funding position and well capitalised balance sheet
o Equity to receivables ratio 53.8% at 30 June 2021
o Bond and bank facilities total GBP596 million to support future
growth
o Undrawn facilities and non-operational cash balances of GBP173
million

[ttny2004] 26/7/2021 15:02

Results tomorrow. Trading update was good. However, continuation and strong forward looking statement will we see 150p breached? Hope do.

[marmar80] 15/6/2021 10:57

Good results here. Definitely the business is active again. OT. If any of you is in NSF I would say read the LSE posts as the main shareholder will be trying to takeover the company soon.

[wad collector] 15/6/2021 10:09

I get a bit confused when these statements are full of negatives.
We would like to announce that when we said things were bad last time and likely to get slightly better , this time they are getting worse slightly slower than we anticipated and the net debt is improving at a slightly faster rate than we predicted the previous time, which in turn was slightly worse than the time before that.

Anyway the market seems to like the update . Still deeply underwater here myself but holding in hope....

[cantrememberthis2] 15/6/2021 07:39

Great work here

[ttny2004] 15/6/2021 07:30

International Personal FinanceUpgrade to market expectations15 June 2021Since our Q1 trading update issued on 29 April 2021, the Group's operational performance has continued to be positive. Credit issued has been broadly in-line with our internal expectations despite tighter Covid-19 related restrictions in a number of our markets. As we highlighted in the Q1 trading update, our business plan assumed a weakening in collections performance due to subsequent waves of the pandemic in the first half of 2021. In contrast, our actual collections performance has continued to be very strong resulting in a faster-than-anticipated improvement in impairment as a percentage of revenue.While we remain cautious given the dynamic Covid-19 environment, the faster-than-anticipated improvement in impairment in April and May is expected to result in a further improvement in the full-year impairment charge and a significantly stronger rebound in profitability in 2021 than was expected at the time of our Q1 trading update.

[mikalan] 29/4/2021 08:36

Given the circumstance the performance is remarkable. The actions taken by this very good management team, have in my opinion, not just kept the business going but actually improved it.

Short term this has done very well, from sub 40p to where we are now. I think that this will continue to rise and in the medium to longer term rise considerably.