Non-standard Finance Share Discussion Threads

[32campomar] 30/5/2020 11:07

Absolutely spot on. This is priced to go bust, and everyone with any knowledge of NSF know that's not going to happen. Investors just need reassurance, and will be pleasantly surprised. The list of shares rocketing following Covid updates is enormous. This will be no different.

[johnhelme2704] 30/5/2020 08:53

I believe your comments are generic comments on the sector and not specific to NSF. I am sure they have a basis of truth. What you seem to imply is that the sector has further to fall, and at that time you will consider an investment in a basket of players in this sector.

I personally see NSF bouncing from here when their results are published, along with guidance on recent performance and future strategy

It takes 2 views to make a market

[superiorshares] 29/5/2020 18:24

Haha . You should go onto SGI and look at all my inferior predictions on there. I am here because I am an investor in stocks . Sub Prime credit is one of my interests. I am entitled to offer my opinion on any of these boards .
In due course I think I will be investing in Sub Prime credit lenders . For me the time is not yet.
I gave you a good tip , Take a good look at that update and then go and learn how these Loans work .
Payment breaks
Rollovers
It doesn't mean the money has been collected. It means the account shows its up to date.
You should introduce yourself to Jasdan on SGI . Another little 2 bit ramper who slags anyone who doesn't sing to their Tune !
Regards All

[32campomar] 29/5/2020 18:06

Why are you so obsessed wasting your time on here? What's your purpose? You seem very bitter

[superiorshares] 29/5/2020 17:56

Do you Ultra positives understand the type of loans these companies provide ?
The update tells you they collected 90 per cent of the previous collection rate. They introduced remote systems to do this.
That's really good isn't it . They only reduced collections by 10 per cent on that small bit of the lockdown they updated on . Excellent !
These type of loans have payment breaks built into them. 2 or 3 depending on the size and duration of the loan.
ie The person without a bank account. a drug or alcohol addiction. possibly was offered their payment breaks because collections were not possible due to lockdown.
Every one would have snapped their hands off . " Yes we will do that no problem ".
These accounts will all have been recorded as up to date . Its part of that system.
I know nothing . My name is Inferior ! :-)
Get your money in .
Regards

[32campomar] 29/5/2020 17:50

Totally agree. I have quite a few too!

[johnhelme2704] 29/5/2020 17:39

yes thanks 32. I dont understand the price of this. It is my 3rd largest holding and I still believe it is an excellent well run business, that will rerate to over 30p soon

John

[grapevinefriend] 29/5/2020 17:22

Thanks for that 32, very much appreciated.

[32campomar] 29/5/2020 17:18

Told me to draw my own conclusions from that. He said he was as frustrated as anyone as he too was a shareholder in the company - and said, and I quite, 'We are in a closed period so imagine how we feel!' When I had my conversation he said it would be 2 or 3 weeks, so I imagine we will hear next week. Hope that helps. PS there is a phone number on the RNS, they are very approachable so if you want reassurance pick up the phone on Monday!

[32campomar] 29/5/2020 17:14

Ok here is a summary of my conversation with the company over a week ago. He said as i described earlier that the delay is purely because of the auditor being understaffed with staff issues relating to the virus (like many other professions like my own!). I told him there would be nervousness because of the delay, he said that the guidance issued last month still held, more importantly they would have to inform the market if there had been any material change so told me (cont)

[pre] 29/5/2020 16:04

pretty normal stuff, plenty of companies have delayed reporting due to c-19.

[32campomar] 29/5/2020 14:18

Trades around 12.25 are buys again

[arai] 29/5/2020 14:07

Could we not re-brand as "Peet's Coffee"

[arai] 29/5/2020 14:00

Thank you.

[kemche] 29/5/2020 13:55

thanks gvf. Appreciated.

[grapevinefriend] 29/5/2020 13:53

Arai, this is the reply I got, word for word:

"Dear sir/madam

We share your frustration and we are working hard with our auditors to finalise the 2019 full year results and hope to be able to announce them soon. I am sorry that I cannot be more definitive but we are in the hands of our auditors.

Yours faithfully"

[arai] 29/5/2020 13:31

gvf, when you spoke to the company did you get any other detail and how did they sound, like "we are ready to roll"....

[grapevinefriend] 29/5/2020 11:36

Why not just release the FY results now and gives us a trading update next month, thats what most companies have done recently.

As far as I was aware, the FY results were due in March, no later than the 31st. Obviously after the 2 months grace period we should have had the results no later than today. Is this not deeply concerning?

[arai] 29/5/2020 11:18

This will cause a level of restlessness with the holders, not great.

[ny boy] 29/5/2020 09:42

Investors are waiting, overdue


the Board announces that the 2019 full year results are now expected to be announced in mid-May 2020, to provide the Group and its auditors with additional time to collate data on the Group's current trading performance as well as any changes to the external environment so that it can provide a more informed view regarding future prospects and outlook. The final date of the results will be confirmed in a further announcement in due course and the Group continues to expect normalised results for the year ended 31 December 2019 to be in line with expectations.

[grapevinefriend] 28/5/2020 20:43

Yes 32, NSF is arguably the best in the industry. The share price should head north soon, back to 30p+ as everything starts to normalise.

Looking forward to next yr and this could very well clear 50p.

[32campomar] 28/5/2020 19:42

Providents update yesterday sent the shares sharply higher. NSF is a better run outfit. Nothing more to add.

[kemche] 28/5/2020 17:52

Inferior - you really do know your stuff.
Filtered.