Non-standard Finance Share Discussion Threads

[bazzer1000] 29/8/2017 08:18

New here. Why this sudden rise?baz

[chimers] 24/8/2017 22:08

The Financial Conduct Authority last year said that it was extending its investigation into the high-cost credit sector, originally set up to look at payday lending, to include doorstep lending.

[chimers] 24/8/2017 22:01

Errrr I suggest you check the new regulations ............CHUMP.

[chimers] 24/8/2017 20:55

In any case its a dirty business and you dont want any part of it.

[chimers] 24/8/2017 20:54

Yes but they have to become EMPLOYED ...........they dont want to, they make more money and work their own hours self employed.
Its the double glazing biz.
New regulation to stop the spivs selling loans with pressure tactics means they have to become EMPLOYED and worse.................PAY TAX.

Its game over.

[topvest] 24/8/2017 20:34

Think this company and Morses Club (no's 2 and 3 behind PFG) now have a great market opportunity to finish PFG off. Think the PFG could be terminal on their CCD division which means there are going to be even more agents on the move!

[grahamg8] 24/8/2017 18:26

As a refugee from Provident it's interesting to see the comments from January onward about PFG's move to an employed workforce. If NSF were ever contemplating doing the same I think we can be sure that idea will have been ditched pretty quickly. Meanwhile there is a continuing opportunity to take on agents and steal customers. Rapid growth costs money up front so profits will probably not look much for this year but we should have a bigger and better business going forward.

[topvest] 04/8/2017 08:16

Yes, all sounded positive. NED purchase is encouraging. Now three good businesses with the latest acquisition. Financials are messy with lots of adjustments and debt is too high for my liking. Hoping for a bit of strength in the price for an exit as I don't really like this one much. Otherwise I will hang- on to the year end results to see if things improve. They certainly seem to have a little more positive momentum in the three businesses.

[window784] 04/8/2017 07:51

A nice buy following results yesterday from Niall Booker, Non-Executive Director. 271,000 shares @ £0.7187.

I thought the results presentation was very positive. Problems at Provident Financial with agents changing from self employed to full time have allowed NSF to pick up the best available. They are all performing above target and agents now touching 1000 from 750 earlier in the year. This means more costs this year but suggests accelerated growth from previous plans. NSF have looked at regulatory guidance so far and have dismissed the need to go down the same route as Provident.

[hubert123] 03/3/2017 15:02

Does make you wonder the home credit division only posts 1m profit yet the old company under the Coombs brothers regularly posted profits before tax of 6m.
They were very good at cost/ expense control and keeping the impairment under control.Thats what happens when control passes to people without a large stake of their own money invested in the company.
The Coombs had circ 52% of shareholding in the family.
Watch this space let's hope for all the employees things improve !

[invrestor] 02/3/2017 20:03

Perfectly good management structure before under S&U PLC ,£82.5m paid with a current loan book of £33m.
Where are the original management team employees now from S&U?
The new lot come in ,where are most of these now?
I agree with the need for investment on IT infrastructure and compliance ,but overspend seems to be the case here.
Just Google some of the past and present board members alongside ,Welcome Finance,London & Scottish ,Yes Car Credit.
Why is the market leader in this sector moving their agents from self employed to employed ,in readiness for full FCA approval?
I think the board at NSF should be giving this some serious food for thought ,self employed agents have always acted under a target driven environment in the past which usually meant with unscrupulous reps "overloading customers" and constantly chasing bad debt.
It is crystal clear that the FCA see this as target driven and in my honest opinion ,would prefer to see all reps employed.
Watch this space and let's see what happens with NSF in the very near future ,on their self employed reps.
Remember this,the market leader still hasn't got full FCA approval and neither has NSF ,it appears to me that the FCA would prefer all home collected credit reps to be employed to secure approval ,although i could be wrong this is my assumption.

[nothingsgonachange] 01/2/2017 20:29

the announcement today of provident agents becoming employed from July questions the potential profit contribution from Loansathome? Moving 785 agents from self employed to employed status with additional NI, pension and holiday costs, and additional admin is going to be a costly excercise. I'm sure that the horizon scanning should have picked this up before purchase for £83M.

[don777] 25/1/2017 16:07

possible oversold, NSF is like NRR, another solid growth company to be hold in long term.

[window784] 25/1/2017 11:26

Does anyone know a reason for the rise today? Currently showing as 9% up on no news/or rns.

[don777] 19/1/2017 10:25

AJ Bell set the telephone service only for NSF since yesterday and today, i use this online platform for many years and first time met this, contacted them, got the explanation for management decision without details.

did anyone meet this before? or is it the same in other dealing platform?

does it mean there's big buy/sale AJ Bell is working for?

TIA.

[nothingsgonachange] 17/1/2017 18:11

So the loanbook for loansathome is 33M - for a business they paid 82.5M less than 18 months ago, and the average agents loan book decreased. We're is the management ! As noted by chimers, it's easy to spend someone else's money!

[don777] 17/1/2017 17:56

Broker's view 17/01/2017
Non-standard Finance Plc
NSF Peel Hunt Buy 56.13 54.25 106.00 106.00

[nothingsgonachange] 02/12/2016 06:18

With HMRC looking at the 'gig' economy re the self employed status of workers and the type of agents used at Loansathome, and this week the regulator undertaking its review of high cost short term credit including home credit it's time maybe to consider stock. Both of these risks question the original investment case?

[don777] 03/8/2016 13:51

Broker Views for Non-standard Finance Plc
This table is a guide to the latest buy, sell, hold and target price forecasts from the big City banks and brokers.
Date
Broker
Recomm.
Current Price
Price when issued
Old target price
New target price
Notes

03 Aug 2016
Peel Hunt Buy 65.50 61.00 106.00 106.00 Reiterates

08 Jul 2016
JP Morgan Cazenove Overweight 65.50 57.00 100.00 100.00 Reiterates

07 Jul 2016
Peel Hunt Buy 65.50 58.00 106.00 106.00 Reiterates

15 Jun 2016
Peel Hunt Buy 65.50 67.00 106.00 106.00 Reiterates

06 Jun 2016
JP Morgan Cazenove Overweight 65.50 68.13 - 100.00 Initiates/Starts

03 May 2016
Peel Hunt Buy 65.50 63.75 - 106.00 Initiates/Starts

[cascudi] 03/8/2016 08:44

"The Group has achieved a solid first half performance, reflecting the positive response to the changes implemented in each of our three business divisions. Loan book growth is in-line with our annual target of 20% and customer numbers are also growing strongly with the result that we remain on-track to achieve our targets of 20% annual loan book growth and a 20% return on assets in 2017.

[don777] 02/8/2016 15:57

it seems many jumped in before tomorrow's IR.

it might mention dividend policy.