Non-standard Finance Share Discussion Threads

[fizzypop] 07/7/2015 14:26

Loansathome4u generated revenues of £38.3m in its last financial year to 31 January 2015 and a pre-tax profit of £8.4m. That's a very healthy 22% profit.

[hazl] 07/7/2015 14:06

Things take a while daveb

[davebowler] 07/7/2015 14:02

They paid 2.5x tangible book value.
I wonder if eventually this sector will be attacked by the new Peer to Peer lenders due to its high margins?

[hazl] 07/7/2015 13:58

"I am delighted to announce a significant first step in the implementation of our strategy. Loansathome4u is a leading player in the home collected-credit market. It provides us with a well-established platform; a growing business; attractive operating margins and return on assets; and will form a strong base for NSF as we grow organically and acquire new businesses.

"We believe that the application of our management expertise will re-energise and add significant value to Loansathome4u's business over time. We have already hired additional management; and we will expand the branch network and agent workforce; and invest in systems and technology. We remain committed to offering financial services to a disenfranchised part of the UK's population by treating customers fairly, delivering excellent service and lending responsibly"

John van Kuffeler, NSF's Chairman, said.


Well spotted Arch!!!

[battlebus2] 07/7/2015 13:34

Excellent news archway1, good things come to those who wait :))

[battlebus2] 06/7/2015 15:07

As long as it's not their debt they are buying :))

[davebowler] 06/7/2015 14:54

A Greek Bank!

[hazl] 06/7/2015 12:28

I wonder if this is what they have been waiting for....a correction across the stock market before the acquisition?

IMO

[andyhay1] 03/7/2015 12:36

Thank you for your email. I can confirm that the statement in
the listing prospectus (available on the company website), which sets out the
company’s intention to make its first acquisition within six months of listing,
remains valid.

[hazl] 01/7/2015 09:46

Yes eggs and basket etc etc.

I guess our time will be here eventually!

[hibberts] 26/6/2015 14:56

The 6 months is up on the 19th August.