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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
International Personal Finance Plc | LSE:IPF | London | Ordinary Share | GB00B1YKG049 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.46% | 109.50 | 108.50 | 109.50 | 110.00 | 108.50 | 110.00 | 66,597 | 16:35:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Personal Credit Institutions | 690.8M | 48M | 0.2155 | 5.03 | 241.68M |
Date | Subject | Author | Discuss |
---|---|---|---|
28/9/2023 19:45 | Novation- thank you very much for your help | redalert | |
28/9/2023 16:50 | redalert - bought mine online at ii - I think you might have to fill in a sophisticated investor form first... | novision | |
28/9/2023 16:34 | Can anyone tell me what platforms they can buy IPF3 on please? I'm having no luck in AJ Bell SIPP or with ii. TIA | redalert | |
28/9/2023 00:33 | Can not understand why people are not buying the 12% Bond IPF3. The price is still flat at 100p near enough. 6% already received with another due in December. This company has never missed a payment with their IPF2 ,expect the 12% a year till December 27. | kickingking | |
30/8/2023 15:45 | Going ex-Div tomorrow I think | casholaa | |
25/8/2023 18:38 | FreddyBruce Thanks for the figures So if you think IPF is good value, what do you think of Vanquis? It is about the same market cap as IPF now but it has twice the receivables at about £2 billion and it looks even better value than IPF On Market Screener The forecast PE for Vanquis is 2.5 in 2025 and 17% dividend And forecast PE for IPF is 4 in 2025 and 10% dividend Vanquis is mid cost credit and near prime now and so all the sub prime has gone and all the claims companies have gone I think Vanquis and IPF are both good value, but I think Vanquis is better value at the present time Have you looked at the figures for Vanquis? Do you have your own estimates for Vanquis? | popit | |
25/8/2023 10:01 | @Popit. Straight forward. I've taken net shareholder's equity: currently £463m forecast to grow to £550m (my forecast) by the end of 2025. Reasonable given the 40%-45% dividend payout ratio. And then applied 15% - 20% ROE. That gets you my EPS and Dividend numbers. IPF currently has siginificantly more equity than it needs: Equity to receivables of c.50% (current) vs 40% (required). This leaves room for IPF to support receivables growth in Mexico and IPF Digital and in Poland (following transformation), which in turns delivers underlying revenue growth and generates scale to reduce the cost-income ratio to c.50%. Two of the divisions (Mexico and European Credit) are already delivering c.20% RORE (ROE based on their "Required" equity). So, given the growth opportunities, I think achieving 20% ROE by 2025 is quite reasonable for the business as a whole. | freddybruce | |
19/8/2023 21:58 | FreddyBruce Where are you getting your forecast figures from? You said that this implies eps in 2025 of 36p-48p and dividend of 16p-22p and a dividend yield of between 13% and 18% Have you just made the figures up? These figures are completely out of line with the forecast figures for IPF on Market Screener hxxps://www.marketsc It shows forecast eps of 18p in 2023, 21p in 2024, 28p in 2025 And forecast dividend of 10p, 11p, and 12p in 2025 The forecast eps for Vanquis is 42p in 2025 And the forecast dividend for Vanquis is 18p in 2025 hxxps://www.marketsc So with the Vanquis share price now lower than IPF, Vanquis seems to offer a far better investment with a forecast PE of 2.5 in 2025, and a forecast dividend of nearly 17% in 2025 The forecast PE for IPF is over 4 in 2025, and a forecast dividend of 10% in 2025 So they both look like that they may be good investments, but Vanquis looks much better value than IPF now | popit | |
14/8/2023 08:38 | Nice open today | hamhamham1 | |
08/8/2023 16:30 | @badtime - the Fitch rating for the bonds is BB- which puts them in junk territory. This is down to the risks of sub-prime credit associated with actual / possible recession and the legislative and ESG risks to the business model (that pretty much finished the UK business a few years ago, for example). That said, I like them. | simon2huk | |
08/8/2023 12:35 | I am a fan of IPF stock. Here is why. Management expects ROE to be 15%-20% by 2025 and dividend payout to be c. 45%. This implies eps in 2025 of 36p-48p and dividend of 16p-22p: a dividend yield of between 13% and 18%. With 45% dividend payout it leaves 55% of net income to support growth. At 20% ROE this implies EPS and dividend growth of >10%. This increase in profit (and ROE) is supported by: strong growth potential in Mexico, Poland (post transformation with new credit card product) and IPF digital; and improvement in the cost income ratio to management forecast of c.50% from 57% today | freddybruce | |
08/8/2023 12:33 | Poland transformation is proving to be going better than anticipated. Management stated at year end 2022 that they expected a £20m hit to profit in both 2023 and 2024. Revised at Q1 to £15m and revised again at H1 to the less specific statement “we expect our growth to be more modest for the year as a whole and returs to moderate ...”. Consensus PBT for 2023 has as a result increased from £56.8m to £70.3m. | freddybruce | |
05/8/2023 21:27 | Why is that bond seemingly cheap for that yield | badtime | |
04/8/2023 21:44 | My thoughts: Have been a holder and sold out recently as the forecast for the next year is lower profits before growing again. Current yield is 9.4p /121p (taken off the upcoming divi)=7.5% There are risks with the business plans so a 7.5% yield for me isn’t good enough with interest rates where they are. We could get another 20%upside short term. Am buying the ipf3 bond for now as its a 12% yield. | nikesh | |
04/8/2023 11:40 | Fair enough, but, there's a decent divi. No point in dwelling on the share price if the shares were just going to sit in your account for a divi. | casholaa | |
04/8/2023 09:58 | It is difficult to compare the company from a decade ago in a different economic environment and very different interest rates. It would be great if the share price repeated its 2013 performance and hit £6 but somehow I doubt it! Sadly my average buy price is about 250p from holding Provident Financial for the last 25 years or so. It is hard to follow the exact prices with the company split and various renamings. Like many PIs, I failed to cut my losses and kept holding when the price fell. IPF is certainly performing better than it's previous sister Vanquis. Yep I hold them too and they are worth 6% of what I bought them for! | wad collector | |
01/8/2023 15:03 | Wouldn't say that if you had held these long term! | wad collector | |
01/8/2023 14:06 | There are some great shares out there, like this one and I can't help that I've been wasting my time elsewhere taking positions in 'popular' and 'aim' shares.... Doh doh doh doh... | casholaa | |
01/8/2023 13:18 | An excellent, stellar, solid company. One we should champion more | ingham87 | |
01/8/2023 09:30 | Now 124p, exactly a 10% return if get back to 12.4p divi again. GLA. | hamhamham1 | |
01/8/2023 08:01 | Oct 2019 4.6p Apr 2019 7.8p Oct 2018 4.6p May 2018 7.8p Oct 2017 4.6p May 2017 7.8p Oct 2016 4.6p May 2016 7.8p Oct 2015 4.6p May 2015 7.8p Etc | hamhamham1 |
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