Non-standard Finance Share Discussion Threads

[itsnotmeitsy0u] 24/4/2020 08:40

and so it begins...

[32campomar] 24/4/2020 08:23

Thanks so much! Can you paste the rest of it?

[tomboyb] 24/4/2020 08:21

Looming debt cloud has silver lining
Miles Costello
Friday April 24 2020, 12.01am, The Times
Prominently displayed on Non-Standard Finance’s website is the catchline: “When lending direct, we meet our customers face to face”. Not anymore, they don’t.

Social distancing requirements due to the coronavirus crisis mean that the specialist lender for those denied credit by mainstream banks has had to change its day-to-day practices.

After a period of high-octane expansion, Non-Standard Finance has called a halt to all new lending, save to key workers such as NHS staff. It has had a special mobile app developed so that its agents can collect the regular repayments that they would normally pick up at the doorstep remotely. Along the way it has managed to wean a large number of its customers off paying their dues in cash.

From the point of

Continue reading

[gemlotte55] 24/4/2020 08:21

hxxps://www.thetimes.co.uk/article/looming-debt-cloud-has-silver-lining-6c6fh063g

[32campomar] 24/4/2020 08:19

What does it say can you summarise?

[andyview] 24/4/2020 08:10

Good spot site manager,Thanks

Gla

[site manager] 24/4/2020 08:06

Tipped in today's Times

[galaxy enforcer] 23/4/2020 16:23

Certainly think you may be correct. There is no other reason as to why NSF should be trading at this level. Potentially the trade was placed at the start of the Covid Pandemic and is still being worked. Anyway we know that once it is clear there should be a significant turnaround ahead.

[32campomar] 23/4/2020 11:30

Clearly the seller that has depressed the share price for weeks is still around. This really would rise sharply if he wasn't still around. Very frustrating but with that update one can only assume he's a distressed seller trying to raise cash.

[bunz3] 23/4/2020 10:28

ny boy thanks for post on ncyt share board
good buying
also good buying at ncyt
this afternoon be fun to watch there especially last hour if the rns not released before then at ncyt

[tomboyb] 23/4/2020 10:08

Well -

I've taken a small punt here -

hxxps://www.voxmarkets.co.uk/articles/non-standard-finance-hails-robust-collections-amid-pandemic-3e25c7c/

[otemple3] 23/4/2020 10:08

Significant cash balance (£38m), generation of £3m FCF in 3 weeks in April and decent collection rates. Management seem to have a grip on the situation and have access to £185m (arranged just before CV19 kicked off) to increase the loan book when the market improves (demand will surely be high once we are through lock down). NTA £56m vs. market cap of £32m. Looks far too cheap to me so added more at 11p and hope to see many multiples of this in 12-24 months

[patientcapital] 23/4/2020 09:46

And the value of an experienced Chairman who has operated successfully in adverse economic conditions before.

[galaxy enforcer] 23/4/2020 09:41

With £38.7M in cash and the company valued at £34M this stock is considerably undervalued. Still collecting loans, still lending out money. When this is all over there has to be a massive re-rating of the price.

[74tom] 23/4/2020 09:37

Monster sell at 10.72 for 1.4m now gone through, guessing this was the reason for the fall back this morning. More than likely a distressed seller who needed liquidity to exit at a sensible price...Already the highest volume of 2020 here.

[32campomar] 23/4/2020 09:01

This has been absolutely hammered on concerns of widespread defaults, which are clearly not happening so far. It's obviously a very well run company and may well be able to flourish going forward in the recession.

[galeforce1] 23/4/2020 08:55

Crazy share price movements here this morning, even by NSF standards. It's been up to 14p to buy and down below 10p to buy.

About 1% of the company traded in an hour.

Seems there is still a big seller out there.

[andyview] 23/4/2020 08:50

I’ve held these for some time and added at open and again on the retrace.

The positive update and strong cash position are very encouraging

Gla

[ny boy] 23/4/2020 08:31

Reasonable update, I will remain invested from 8p, will check back on progress later in the year, should start to get back to pre COVID levels once lockdown restrictions have been lifted.

[galeforce1] 23/4/2020 08:30

Grapevine - yes, thanks for correcting me there. The 10% from Everyday Loans is currently uncollected rather than a default.

[tole] 23/4/2020 08:10

Managed a few more from the off.

[32campomar] 23/4/2020 08:07

Can't believe that update way better than I expected. I'm back in absolute bargain

[basem1] 23/4/2020 08:04

What are we opening at 14/15p ?

[grapevinefriend] 23/4/2020 07:49

Galeforce that 10% not collected is not a default (yet), it just hasn't been collected (yet) as per the rns. The 90% collection rate is only going to be revised up.

[grapevinefriend] 23/4/2020 07:46

Do you really think the gov are going to let the economy go to ruin just to "protect the nhs"? The country needs a dose of perspective right now. CV19 is way more manageable than the media are portraying. 2 more weeks of full lockdown.