International Personal F... Share Discussion Threads

[tiltonboy] 01/3/2023 08:10

Anyone concerned about the huge rise in impairments

[quepassa] 01/3/2023 07:57

The recently issued IPF3 12% 2027 bonds look compelling and cheap against such strong results.

[ttny2004] 01/3/2023 07:21

Totally agree. Looking exceptionally strong.15% increase in dividend

[ingham87] 01/3/2023 07:19

Excellent results

[ttny2004] 28/2/2023 17:44

Full year results tomorrow. Be interesting to see together with forward looking statement and divi.

[freddybruce] 13/2/2023 08:53

A few questions below about why valuation is what it is. My take is because U.K. subprime is plagued with claims company making the sector uninvestable, see Provident and Amigo. IPF doesn't operate in the U.K. but large investors (ie U.K. fund manager) not prepared to see beyond that. And fund managers managing European funds often can't invest because share is listed in U.K.

[ttny2004] 04/2/2023 10:43

Think next run is to 120p for starters, and then some consolidation and then 150p.

[ttny2004] 03/2/2023 13:03

Certainly some upwards share price pressure which is good for us shareholders. As we have all highlighted very undervalued.

[1cutandrun] 03/2/2023 12:28

Thank you for that information, I've learnt something today. I have never seen one take place before. I read somewhere that UT had to be done after trading and the share price adjusted if necessary but that didn't happen last night, no volume or value figures, which I find strange.

[verymaryhinge] 03/2/2023 09:17

i suspect it was an intraday auction caused by a move in excess of a predetermined amount - 6% or 10% perhaos ?

[1cutandrun] 02/2/2023 18:43

What a crazy day with these shares. Still scratching my head to what has happened and can't make any sense of it. The shares closed last night at 92p and I decided to buy 500 first thing at 8am. To buy the price was 88.90p, 3.10p less than the share price and to sell 87.10p. A bit later trading started to really push the price up, great. At the close 4.30pm the share price is 97.90 and yet there is no balancing of the trades (UT) after that time. I then saw the UT took place at 4.15pm when the market was still open and the price was set at 98p. Can anyone please explain to me why this happened as I do not understand how UT can take place before the end of trading.

[ttny2004] 02/2/2023 01:04

Well said and totally agree.For me great opportunity at these levels to add which you get a well run business, excellent dividend and due to rerating potential upside capital growth opportunity as well.

[1cutandrun] 01/2/2023 18:47

Why these shares were at such a ridiculous low price beats me. About time they started moving upwards and refreshing to see. Still think they are under valued and should be well above a pound.

[ttny2004] 01/2/2023 18:25

Nice 9% rise into the close with 90p being broken. Good to see this rising. So much more to go!

[1cutandrun] 23/1/2023 18:34

Totally agree. I've read posts on other sites and some people are puzzled why the shares are at this price. I'm hoping the full year results are good and boost the share price considerably.

[ttny2004] 23/1/2023 09:32

See this a great long term hold value wise.Excellent and increasing dividend yields. Currently 10% at 80p share price See share price increasing considerably over the medium to long term to 150o to 200p range, with dividend yields at that level of 6 to 8p range.Full year results on 1st MarchQ1 2023 trading update on 27 April

[1cutandrun] 20/1/2023 19:02

The last trade price of the day is not the closing price of the shares. After 4.30 they balance the books and the code is UT. That is the closing price for the shares on the day. UT: Uncrossing Trade - This is used for the single uncrossing trade detailing the total executed volume and uncrossing price as a result of a SETS auction. VW: Volume Weighted Average Price - A transaction that was effected at a price based on a volume weighted average price over a given period.
The market makers determine the spread price at which you can buy and sell. Yesterday is a prime example of how the share price was out of line as they had to increase them at the close of trading by over 3.5p a share by UT. Today the UT adjustment was 00.10p. This is the point I'm trying to make. If the market makers keep putting the spread price less than the share price it drives the share price down even though buys could out weigh sells by two to one. This keep happening with these shares.
Today there was no chance the shares could go up as the spread was less than the share price on the first 4 trades of the day and these happen to be buys and on each occasion the price went down.
Between 16:10:49 to 16:11:49 today, ten trades took place, eight buys and two sells, each one for 147 shares.

[tiltonboy] 20/1/2023 11:01

The price shown is that of the last trade, or if there is no trade in the closing auction, it closes at mid

[1cutandrun] 20/1/2023 08:58

There we go, the first trade of the day at 8.26am a purchase of a single share bringing the share price down to 82.7p. It will happen again on the next transaction as the spread price is again less than the share price. Therefore, the share price at this time is being forced down once again.
Last night at the end of trading at 4.30pm, they had to increase the share price up by over 3.5p to balance the books. That's a large increase on shares of this price, with only over 30 trades on the day. Something isn't right here.

[1cutandrun] 20/1/2023 08:25

Share price at 8.20am. 83p, buy 82.9p and sell 77.1p. Once again the spread price is less than the share price. This means the next transaction that happens, the share price will go down.

[ttny2004] 19/1/2023 18:48

Absolutely agree. Well said.

[1cutandrun] 19/1/2023 12:48

I've just watched the IPF investor webinar Mexico Home Credit 18_01_2023. The growth potential here is huge. As long as they are sensible and keep the balance right on lending, I can only see this as a win win business.