Non-standard Finance Share Discussion Threads

[don777] 26/3/2020 10:02

I am very disappointed with this news and did not expect NSF to cut the dividend.

John Kuffeler did not cut dividend when he run PFG during the credit crisis 2008-2010.
MCL promised to keep the dividend policy 2 weeks ago.

did John realize many of investors is attracted by the dividend yield he promised at last update here?

[tongostl] 26/3/2020 09:19

Load up at these prices while you can. Within two years this will be smashing 60p+ and offering a whooping dividend

[galeforce1] 26/3/2020 08:25

Well, that's not great. I'd been thinking they might cut the final dividend in half, But instead they are cancelling it completely.

But I suppose it's sensible. Survival through this crisis is the key thing here. They are de-risking by making very few new loans and focusing on collecting the current loan book.

[32campomar] 25/3/2020 09:21

Very attractive at these levels. Big rebound in finance stocks today too.

[galeforce1] 25/3/2020 08:50

It's good to see that Neil Utley has increased his holding here to above 7%.

He must be sitting on quite a chunky paper loss at this point. So it's reassuring that he is still buying.

[32campomar] 24/3/2020 10:22

Having problems in placing orders on several stocks anyone else?

[speedsgh] 24/3/2020 08:36

Neil Utley has now increased his holding above 7%...

[galeforce1] 19/3/2020 09:22

I'm trying to work whether 'helicopter money' is good or bad for NSF. I'm sure we are going to get this and that may partly explain the extreme weakness of the GBP in the last few days (rapidly heading for parity with the Euro).

If there is helicopter money, as per Hong Kong and now the USA, demand for Everyday Loans will surely reduce. But at the same time, direct payments of cash should keep impairments lower than they would otherwise be.

[galeforce1] 16/3/2020 11:38

Tunrnover is pretty low - less than 1 milion shares traded on the LSE at the moment. That's only about £100k.
I'd like to buy more, but I'm out of ammunition here.

[milliecusto] 16/3/2020 11:19

Casual labour cannot get lending nor the gig economy as financial Lender needs 12 months of being self employed, also casual labour is tax avoidance

[andyview] 16/3/2020 10:43

I'm with you gale force, I would see the services of nsf come more into play, only offset marginally (hopefully) by higher default.

gla

[galeforce1] 16/3/2020 10:38

32camp and tournesol - I suppose you could also argue that large scale lay-offs of casual labour, and the general slowdown in the gig economy that is obviously going to occur over at least the next couple of months, will increase the demand for unsecured lending. But impairments are likely to rise. That is also true.

[tournesol] 16/3/2020 09:50

Galeforce

..Is there some company-specific news that I have missed or is it just the general panic?

Keep up at the back!

[32campomar] 16/3/2020 09:33

Think problem is if people can't work or self isolate etc are they going to default on their loans?

[galeforce1] 16/3/2020 09:31

Wow. That is quite a fall this morning. Is there some company-specific news that I have missed or is it just the general panic?

[32campomar] 16/3/2020 09:03

This is getting priced to go bust

[tole] 16/3/2020 09:02

Back in here for another quick trade..

[tole] 12/3/2020 12:04

Previous low of 16.9 which is where I took a few for a trade

[cokehookerscars] 12/3/2020 01:30

Might these guys get a lot more defaults on their lending soon ?
There is, without question, a recession coming. Even just looking at airlines and hotels they will be letting people go in droves soon and then there's all the industries which support the airlines and airports. That will all have a knock on effect to local communities, shops etc...

I know they can afford their 14% Divi at the moment but it might take a serious cut if they start getting more & more defaults.

Just a thought.
I am long on this (annoyingly !).

[sphere25] 11/3/2020 15:32

Well, there you go. Duff trade.

That's how it is with some at times. Not even a few hours and bang straight through the stop as well as support on the chart. DOW 1000 + moves being a regular theme now.

As soon as the DOW starts tanking, folk almost instantly react here and you get moves like today. It is what it is, long trades still tricky despite the absolute hammerings out there. Don't really want to be trading manically short in a market this stretched and oversold to the downside, could easily get a vicious oversold bounce.

Still, let this one settle and have another go.

[32campomar] 11/3/2020 14:42

Prospective dividend of 3p gives a yield of 14%. Crazy times.

[babbler] 11/3/2020 09:36

Agreed... And scaled in today.

[sphere25] 11/3/2020 09:20

Nice trading share this.

Taken a few first thing on that news as a short term play, possibly more depending on wider markets and results here (imminent even though financial calendar is still out of date).

Went through my stop at 30p on 24th Feb. First time today nibbled a few back. Looks grossly oversold so looking for a short term bounce. Clearly there are a hell of alot of oversold plays out there, but the US really needs to show a bottoming chart pattern before anything is traded and held with more conviction.

When this stock rallied huge in January, it rallied from these levels (after some consolidation) so should be some support here, particularly considering the clobbering it has. Nonetheless, barring longer term buyers, stops and mental stops are still very important in this market.

Algos are in overdrive out there with noone seemingly at the wheel at times.

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Sphere25
24 Feb '20 - 16:48 - 720 of 764 Edit
0 0 0
The financial calendar is out of date and the upcoming events haven't been updated. A recent broker note only stated "Mar’20 2019 FY results".


Gone through my stop. Plenty of stops hit today so booking alot less than I had hoped, but these extenuating events happen and they inevitably cost performance. I'll keep a track here and see if there is another opportunity because it could easily bounce back.

Good luck folks!

[tongostl] 11/3/2020 09:19

Morses club rely more on home credit, whereas nsf are more weighted to branch based lending.