Non-standard Finance Share Discussion Threads

[galeforce1] 23/4/2020 07:45

This is more positive than I was expecting.
Default rates at the key division (Everyday Loans) are running at only 10%. That's impressive given that the assumed impairment rate in normal times is 23%. To be cashflow positive in April is also a nice surprise to the upside.
The cash position is very strong.
All confirms my view that this is a well-managed business that knows what it's doing and is not going to go broke.
I think we should see a decent recovery here in the next days and weeks back to the 20p level.

[basem1] 23/4/2020 07:45

Great update glad I took advantage of sale prices

[grahamg8] 23/4/2020 07:40

Plenty of work out there for those that want it. Amazon and supermarkets hiring, crop pickers needed. Furloughed workers on 80% wages. Money coming in and nowhere to spend it. So defaults may not be all that bad. Collections down may just mean delays not defaults. With an easing of restrictions could come a spending spree as many go out to celebrate their freedom, and that means overspending by some with new loan opportunities for NSF.

The downside is that the country stays shut down at least partially for many more months to come. Old debts become more difficult to recover and NSF suffers a large permanent asset write down. Cash strapped the loan book shrinks but hopefully the banks don't demand their money back. NSF survival on a knife edge for the next two years.

Take your pick.

[grapevinefriend] 23/4/2020 07:37

90% collection rates, £185m ready to lend, £39M cash in the bank, exceptional management in place, annual projected net profit of £15m-£30m over the next few years, an unrivalled dividend in the pipeline. All we need now is the gov to come out and say it's time to get back to work and off we go back upto 50p.

[grapevinefriend] 23/4/2020 07:17

The company has £39M cash in the bank! Looks like my rose tinted glasses weren't rosey enough! BOOOOMMM!

[grapevinefriend] 23/4/2020 06:13

Great argument divmad, so informative. I can't wait for your next pearl of wisdom.

[divmad] 23/4/2020 05:01

There are some seriously rose colored glasses being worn by supporters of nsf on here.

[grapevinefriend] 22/4/2020 22:05

Within the next two weeks the gov will announce a partial reopening for certain business', this will apply to all of NSFs companies. Stay tuned.

[arai] 20/4/2020 08:56

Now that's a whole lot better, down to a penny spread now 10.9 11.7

[arai] 20/4/2020 08:39

Crazy 2 pence spread on these this morning, wow. 9.833 11.791

[ny boy] 19/4/2020 13:45

stalker boy, deluded, you follow me around Advfn like a fool, how many more aliases have you got in use? Get yourself a premium user if you want to be taken seriously and post what stocks you are long or short on

Ps. Definitely not a chav supporter

Go and seek forgiveness at your local church/temple/mosque etc

[ny boy] 17/4/2020 16:41

Lot of selling today, probably due the U.K. government shambles over no clear exit plan strategy and another 3 weeks of lockdown, which will cripple more businesses. I won’t be adding to my 8p holding, just a small stake here as the risks are still high. Definitely not a short term play imo

Stay safe and a good weekend of sewing, ironing, I-spy etc. Keep up the daily out door exercise, I am,just to maintain the same weight, the bigger problems facing the U.K. post corona, a whole load of overweight people leading to more obesity and a drain on the NHS

[knowing] 17/4/2020 15:54

Looks like it wants to test 8p again

[galaxy enforcer] 17/4/2020 12:34

I think we are both in agreement gvf. Problem is that in the main market there also are many undervalued stocks where people are taking advantage and overlooking screaming opportunities such as NSF. Like you I am happy to wait this out and will look forward to serious capital growth and the reinstatement of the dividend in the future.

[turvart] 17/4/2020 12:08

Well for giving my 2 pence worth, I consider myself no idiot and I'm long!

[grapevinefriend] 17/4/2020 12:06

Before CV kicked off this was at 30p and recovering back to 40p/50p. Personally, i won't be parting with a single share until atleast 45p. 11p is an absolute no brainer.

You can see by the chart for the past yr where the step downs have occurred, you can link those steps to news released by the Co and see that, with the exception of the (idiotic) Woodford forced PFG takeover attempt, the Co is in much better condition than the share price suggests, 11p is more than oversold, I'm expecting 20p+ in the next few weeks.

[galaxy enforcer] 17/4/2020 10:56

Yes, at 11p I would say that everything along with the kitchen sink has been priced in. This is an opportunity of a lifetime to acquire NSF stock at disproportionate levels due to Covid 19. Now you should thank the Chinese for the opportunity which they have presented to you.

[otemple3] 17/4/2020 10:24

Any views on impact from FCA statement. See this is up so market clearly either not concerned or was expecting worsehttps://www.fca.org.uk/news/press-releases/fca-proposes-help-motor-finance-high-cost-credit-customers-coronavirus

[turvart] 16/4/2020 15:21

I just topped up and the spread was good, I got 10.5p

[grapevinefriend] 16/4/2020 13:07

I imagine a very similar strategy is underway here at NSF.

[wowzers] 16/4/2020 11:56

Decent statement from Morses - but no follow through here?

[grapevinefriend] 15/4/2020 16:07

The rise in unemployment has been self-induced, it's not come about as a consequence of some interest rate cyclical event. The gov will re-open the economy within 3 weeks, 100% nailed on. ALL customers will no doubt get a 1-3 month holiday period while they get their finances in order, this will be followed by customers repaying (most) debts. The final default rate will be much lower than the market anticipates and the company will recover super quick.

[32campomar] 15/4/2020 15:40

Temporary Blip? How do you know that? The reason the share price is where it is is because there's a huge rise in unemployment going on and defaults are likely to rocket.