International Personal F... Share Discussion Threads

[wad collector] 13/10/2010 12:26

Ooh , stormed up to 308.I am close to a 4 bagger here on half my holding ; think I will hit the sell button for that bit.
307.3p- that'll do.I might buy back if it drops back fast,though the yield here is becoming unimpressive.

More buy recommmendations:
2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Arden Partners
12-10-10 BUY 95.10 26.70 7.00 104.80 29.10 8.00
W H Ireland Ltd
11-10-10 BUY 86.50 24.90 6.30 95.00 27.30 7.40
Numis Securities Ltd
08-10-10 BUY 90.70 25.60 6.40 116.10 33.00 8.18
Shore Capital
08-10-10 BUY 83.70 23.20 7.00 102.70 28.50 8.00



I think they have missed the boat , but we will see.

[wad collector] 27/9/2010 09:13

Storming up this am - can't find any news.263 and rising fast.Wonder why.

perhaps the broker recommendations;
2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Numis Securities Ltd
24-09-10 BUY 90.70 25.60 6.40 116.10 33.00 8.18
Arden Partners
23-09-10 BUY 95.10 26.70 7.00 104.80 29.10 8.00
W H Ireland Ltd
20-09-10 BUY 86.50 24.90 6.30 95.00 27.30 7.40
Shore Capital
10-09-10 BUY 83.70 23.20 7.00 102.70 28.50 8.00

[wad collector] 09/9/2010 11:17

Natty little mover this one - took the (admittedly only tuppence halfpenny) xd without blinking yesterday now heading back North .I am looking for a £3 exit but happy to wait a long time.

[nellie1973] 14/7/2010 15:57

Upgraded today

[wad collector] 05/7/2010 08:23

Err... South.Maybe £3 is looking a bit optimistic over the next 6 months , but it is still 4x the price a year ago.

[wad collector] 23/6/2010 08:57

Positive trading statement has sent these North again.

[wad collector] 14/6/2010 11:44

..or not.But I think we'll see £3 again this year whatever the budget has to say.

[wad collector] 13/5/2010 12:49

At today's Annual General Meeting, the Chairman of IPF, Christopher Rodrigues,
will make the following statement:
"IPF continues to make good progress. In Poland and, more broadly, in Central
Europe we are benefiting from an improving collections performance and reduced
levels of impairment as the impact of the adverse weather conditions in January
and February begins to reverse. Trading in April was ahead of plan.


That'll do me.Back on the £3 trail I think.

[wad collector] 26/4/2010 17:00

Strength to strength on the share price - beginning to make me nervous as 300 approaches.

[wad collector] 20/4/2010 21:05

Last weeks interim statement presumably fuelling this weeks rise , though I can't find any new brokers recommendations.


IPF has made a good start to 2010 with credit issued and profit much better than
the first quarter of 2009, despite the adverse impact of the severe weather
conditions in Poland in the opening eight weeks of the year. This reflects
improved economic conditions, our careful management of lending criteria and
tight management of costs.

The key highlights for Q1 are:

· Group pre-tax profit of GBP2.0 million (Q1 2009 loss: GBP8.5 million)
· Credit issued up 11% year on year
· Poland, Czech and Slovakia profit up by 11% over prior year despite adverse
weather impact
· Result for Hungary GBP5.4 million better than prior year and close to break
even in first quarter
· Mexico continues to make good progress with profit up by GBP3.1 million
· Romania broke even in the first quarter and is on track for 2010 profit

[wad collector] 17/4/2010 16:29

Looked even stronger this week.I'm still sitting on my hands.

[alant115] 08/4/2010 21:51

i'm reading. incidentally i got back in this at the beginning of March. Agree £3.00 is not unreasonable soon. Just wishing i had stayed in when they were sub £1.00 instead of taking profits.

[wad collector] 07/4/2010 11:21

The brave would have made a quick 10% if they bought that day.Looks like I am talking to myself.

[wad collector] 10/3/2010 11:16

From last weeks Times

IPF

When International Personal Finance was demerged from Provident Financial three years ago, it was pitched as an opportunity to back the doorstep lender's high-growth emerging markets operation at the expense of its low-growth UK rump.

But as yesterday's full-year results showed, recession has got in the way. Whereas Provident this week reported a 4 per cent rise in revenues at its core home credit division, sales at IPF went backwards last year - down 1 per cent to £550 million. The culprit is IPF's pre-emptive tightening of lending in Central Europe in late 2008 at the height of the financial crisis. Even so, that was not enough to protect its operations in Hungary, where 80,000 of its 300,000 customers skipped repayments and were passed to its debt recovery agents. The closure of IPF's pilot venture in Russia also took its toll. Despite a maiden profit in Mexico and reduced losses in Romania, pre-tax profits fell 19 per cent to £61.7 million.

Severe winter weather in Poland has made for a poor start to 2010, with snow preventing its agents from collecting payments. The headroom on IPF's borrowings has also fallen to £106 million, and £430 million of banking facilities will need renegotiating this year, inevitably at a higher margin. But profits in Central Europe are back on the rise (up 9 per cent in the fourth quarter of 2009), while strengthening cashflows - up 35 per cent to £115 million last year - should make IPF steadily less reliant on external funding. The post-demerger record is patchy - hence the shares, at 198p, trade at only eight times 2010 estimates, despite a forecast 40 per cent surge in earnings. A buy for the brave.

[wad collector] 08/3/2010 16:10

..spoke too soon down to 225.

[wad collector] 08/3/2010 09:53

Ooh, I do like the look of this rise ; soared past the year high just now - £3 does not look impossible in next few months.
Don't think 1 small director buy is the reason.

[investinggarden] 03/3/2010 15:35

International Personal Finance maintains dividend

[wad collector] 16/2/2010 10:45

Looks like might be about to take off again; up 7p this am.

[wad collector] 02/2/2010 14:08

Thanks for that.One not to take profits on yet, perhaps.

[investinggarden] 11/1/2010 11:18

WI Stock Picks: Provident divorcee tipped to strive

[essentialinvestor] 08/1/2010 08:53

IPF is in the process of being re-rated, not sure why this is viewed as out
of the ordinary.

Investors are not buying for the yield, they are buying for the growth.


Just look at the Consensus forecasts:



09/ Pre Tax EPS

£58.35M 16.42


10/ Pre Tax EPS

88.78M 24.97

[wad collector] 07/1/2010 16:59

Dunno why it is Spiking up again.I'm going to hold on a bit longer.

[wad collector] 15/12/2009 16:21

The sort of understated confidence that the market likes in todays one liner.

"IPF continues to make good progress and with three significant weeks of trading
to go before the year end including the key Christmas period, we expect that if
present trends continue the Group's full year results will slightly
exceed expectations. "

Personally I don't see a huge upside here - current yield 2.7%, though likely to increase next year as trading strong.I think that its former parent Providential is a better income buy with triple the yield and a strong market position.I am looking to take profits if there is much more of a spike with IPF.One of my very few current 3 baggers.

[essentialinvestor] 15/12/2009 12:59

Rising agaist trend today on the back of the Trading Update.

This looks interesting in my view.