VANQ better dividend ratio than here. liquidity 3 times more than here , better interest margin than here |
IPF dividend record for the past 5 years: 4.6p, 8.0p, 9.2p 10.3p & 11.4p |
Thanks dream, it was the fx flows over recurrent years I was struggling to get my head around.
Astonishing events at the Whitehouse without wishing to take sides. |
Wonder if his fans on here still think Trump is sane? |
The fx adjustment that you refer to is the retranslation of opening receivables at the end of 2023 at the 2024 year end exchange rate e.g. at the end of 2023 they had £187m Mexico home credit receivables at the then exchange rate of 21.5 which means that they had 4.02bn mex$. Retranslating those at the 2024 fx rate of 26 – in today’s money those receivables are worth £154m, so an fx loss to reserves of £34m (This is part of the £57m along with losses on Hungarian forint receivables). This is normal accounting. If you look over the last 10 years, these ups and downs pretty much balance themselves out as exchange rates have moved up and down. IPF used to hedge this many years ago but it was way too costly and as an investor in IPF you are always going to have some fx risk on equity/net assets. |
But the growth potential for IPF tapping into new and rapidly growing/expanding international credit markets has much more potential than the saturated, over-competitive and over-regulated UK domestic markets.
all imo. dyor.
qp |
VANQ is better value and stock than IPF , VANQ market is in UK & IRELAND where more regulated markets whereas IPF Mexico market is week regulation & unstable |
Thanks longhorn |
Basically, if the pound gains against the currencies they lend in that is a loss to IPF. With hindsight, currency hedges would have been a good idea during 2024. They may be a good idea going forward given the yield differentials on gilts. |
i don't know if anyone can help me out with the fx bit of this, i find it too complicated to get my head around.
they had a loss on fx of £57.3m (2023: gain of £22.8m), which is taken into reserves. i presume this gets described as exceptionals. this mostly came from strengthening of the £ v mexican peso and hungarain forint.
there is some mention of hedging but really hard to see what this actually equates to in the accounts. it doesn't seem to be a big hedge.
big eurobond, so most debt is not in £
do i worry more about a fall in euro v £, or an increase? or a collapse in the peso due to trumpanomics? |
We need Sigmund Freud on this thread lol. |
Calm down Mr Ranty Ranty, it's just electrons lighting up pixels on a screen |
Please stop Guys. This is meant to be a thread about IPF at what should be a positive time after the latest results. I wish you both well. |
lol I thought you said it was my "all time favourite share" and you dredge up a post from 6 years ago?
I have no recollection of the company at all, I couldn't care less about it. |
 RCT,
No confusion here.
Keep on taking the dementia meds, dear boy.
It appears that the confusion is with you.
You say that "I have no idea who "Anglo-Pacific/Ecora" are"
Your memory is clearly failing you:-
As you will see from above link, you posted literally hundreds of times on Anglo-Pacific (now renamed Ecora).
You are clearly a sad, lonely, pugnacious, mendacious and now forgetful individual.
Did you know that you have now chalked up and posted 17,000 (yes seventeen thousand) times since you joined ADVFN in 2001.
Shall we all go back to how I started the day by talking about IPF's most impressive results released this morning. And I suggest again that we stick to that topic
Copy herewith for ease of reference:-
Stunning results this morning.
AHEAD OF GUIDANCE
INCREASE IN FINAL DIVI BY 11% to 8p ( that means 11.4p for full year)
Share now yielding an ASTONISHING 9% at 127p.
Impairment rate down massively to 9.6% down from 12.2%
The funding position of IPF looks very strong and with much headroom.
WELL DONE, IPF.
ALL IMO. DYOR.
QP |
QP, I have no idea who "Anglo-Pacific/Ecora" are, I assume as usual you are confused. |
I’ve just made a small top up. |
i see that you are as obtuse and thick as ever, RCT. nothing changes.
let's not mention all your past failures, fallacies and stupidities about your all-time favourite share, Anglo-Pacific/Ecora which you called wrong time and time again. Have you seen seen that share price lately?
Well of course IPF is international and de facto Trump is relevant. Who said otherwise?
But don't tell our resident home-spun psycho-babble expert that Trump is relevant to world trade - sigmund thinks it's better having nothing to do with the USA and that's why he's invested here because he thinks IPF is purely a UK investment opportunity devoid of outside influence.
RCT - I see that you are back to your old self and old pugnacious ways looking for a fight. I suggest that you have a fight with the angry ugly little man in the mirror.
I also suggest you rapidly increase yet again your already high dosages of Valium and Xanax, old bean.
take care and toodle-pip.
QP |
QP, you on the sauce again? Who rattled your cage?
Trump is clearly relevant to IPF, the clue is in the I, which standards for International. |
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