Non-standard Finance Share Discussion Threads

[tongostl] 01/4/2020 14:51

Mms pushing the shareprice down through the floor yet their not prepared to sell me anything at all. It's almost as if they're manipulating this down for someone else to hoover up :/

[ny boy] 01/4/2020 13:36

Chart technicals:-

Support1: 8.00p. Support2: 6.66p
Resistance1: 22.83p Resistance2: 32.00p

[32campomar] 31/3/2020 16:52

There's the reason for the price drop, someone dumped 1 million shares at 9.5p

[mostro] 31/3/2020 15:43

Et moi, small punt also, looks good to me....

[gemlotte55] 31/3/2020 14:57

Yes same here, i agree with tongosti post

[tole] 31/3/2020 14:55

Had a little punt at this level

[otemple3] 31/3/2020 12:06

Guess the risks are 1) known hit to profits by reducing lending volumes 2) likely hit to profits due to higher default rates 3) potential for shut down to be extended. Positives are 1) likely to be one of the first to be allowed to reopen 2) new £200m facility will result in increased margins 3) more people will need non standard finance options going forward 4) mgmt appear to know what they are doing. Looks a good risk reward at this price and if things go their way then could easily be 50p in 1-2 years

[w1ndjammer] 31/3/2020 11:45

12 months from now will be thinking, should have backed the Truck up.....

WJ.

[tongostl] 31/3/2020 11:22

By the middle of May the gov will announce a partial reopening of the economy where people can start doing business again where social distancing rules can still be applied. This will apply to NSF. There will also be no shortage of people looking for a quick short term loan to help them back on their feet while everything adjusts back to normal.

NSF will be one of the first companies in one of the first sectors to start the recovery.

[galeforce1] 31/3/2020 11:12

tongosti - good point. They have £14m in cash and a new £200m credit line. And when something like normality returns there will be no shortage of demand. This has got to be a crazy price. I thought it was super-cheap at 20p.
AS it stands, NSF is my biggest mistake for a while. But I'm confident it will come back and have bought a few more today.

[tongostl] 31/3/2020 11:05

Mrkt cap of £31m, cash in the bank of £14M, that means after cash is deducted the company is currently being valued at £17m. Bearing in mind net profits next year are to be £15m (give or take after the disruption), and theres a brand new credit line of £200m which no doubt had the full due diligence thrown at it.

Pfg and Amgo will go bust before NSF.

This is all completly irrational, I'm topping up.

[w1ndjammer] 31/3/2020 11:02

Well i thought they were cheap at 30p so i have bought more, the BOD seem
above average, so think company is in good hands.

They will be taking full advantage of the government bail out. They have said
they will be concentrating on collections, can imagine they will be helping their
clients who would otherwise be clueless, to claim their full entitlement from the
Government...

WJ.

[tongostl] 31/3/2020 10:52

Plus lending to customers has pretty much stopped yet we are still receiving cash payments. I think NSF are in a much healthier position than the market anticipates.

[32campomar] 31/3/2020 10:50

That's what we need but unfortunately we are in a closed period until the results come out in 3 weeks so they can't buy even if they wanted to.

[tongostl] 31/3/2020 10:50

They have £14M cash in the bank and just received a £200m credit line, how can they go bust? Am I missing something here? As far as I'm concerned NSF are going to be one of the first business' to pick trade up once the gov relaxes these lockdown rules. This is the bargain of the year as far as I'm concerned.

[otemple3] 31/3/2020 10:41

Very tempted at this price but not going to buy in until we start to see some significant director buys

[32campomar] 31/3/2020 10:20

Getting priced to go bust or this will be the steal of the century

[tole] 31/3/2020 10:18

Big spread today

[cokehookerscars] 26/3/2020 13:58

Hopefully a nice special dividend once they are back on the up & up. Expected a large cut to Divi but killing it completely is a shame. Hopefully it will result in greater capital growth, if the money is employed well.

Better not be scurried away into bonuses in 12 months time.

[galaxy enforcer] 26/3/2020 13:37

Yes but we should all realize that it is not only NSF who are suspending dividends. Most companies are being prudent at this moment in time so more of a general trend and not an isolated case.

[galeforce1] 26/3/2020 11:37

Apart from financial prudence considerations in suspending the dividend, I guess that the BoD is nervous about paying out large sums to investors in the middle of a massive national emergency with thousands of people very ill and dieing. It would look bad and might have attracted some very negative press.

It's tough on investors who will have been counting on the income, but I can see why this has been done.

[galaxy enforcer] 26/3/2020 10:46

Thoroughly agree to suspend the dividend as many other companies are. We will see NSF come out the other side much stronger.

[32campomar] 26/3/2020 10:29

It will put the company in a much stronger position. It's a very sensible move. Many companies are doing it. This has fallen more than 75% and it's now a great buying opportunity.