Share Name Share Symbol Market Type Share ISIN Share Description
Non-standard Finance Plc LSE:NSF London Ordinary Share GB00BRJ6JV17 ORD GBP0.05
  Price Change % Change Share Price Shares Traded Last Trade
  0.18 3.06% 6.065 2,123,399 16:35:10
Bid Price Offer Price High Price Low Price Open Price
5.85 6.28 6.14 5.59 5.59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
  183.66 14.71 -24.45 19
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:21 AT 10,000 6.06 GBX

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Date Time Title Posts
10/4/202122:48Non-standard Finance4,836
20/11/202015:15Nsf a strong buy?143

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Non-standard Finance Daily Update: Non-standard Finance Plc is listed in the sector of the London Stock Exchange with ticker NSF. The last closing price for Non-standard Finance was 5.89p.
Non-standard Finance Plc has a 4 week average price of 4.50p and a 12 week average price of 2.93p.
The 1 year high share price is 15.05p while the 1 year low share price is currently 2.75p.
There are currently 313,117,425 shares in issue and the average daily traded volume is 1,691,630 shares. The market capitalisation of Non-standard Finance Plc is £18,990,571.83.
marmar80: PP, even in extremely bad scenario 1p is not realistic. The worst scenario will see issue at 3-4p. Bad scenario issue at 5-7p. Good FCA outcome (16m redress) should lift the share price and fundraising should happen at no less than 10p in my opinion.
marmar80: Old, but interesting read. Found it on the Reddit. Most likely this has caused the spike from 3 to almost 9p.>>>> Hi! This post is about a company called "Non-Standard Finance". NSF ticker on FTSE. Most of you probably never heard of it, so my post is here. I own shares in this company, bought them for 3.20p. Price today 3.27p. My 6 months target 15p. Expecting NSF to wake up from coma as most of the troubles have aged and all company subsidiaries are operating. Everyday Loans division is open for new lending, up to 15k loans @99%APR. Company share is trading at price below nominal 5p value. Share price has been hammered from 60p in Jan 2019 to 3.3p in Feb 2021 by a series of events:- failed takeover bid for Provident Finance- main shareholder in financial troubles selling entire stake- posted loss and halted dividend- COVID-19 limited lending- speculations regarding shares issue- delay in FCA review regarding guarantor loans (expected up to £15m redress).Company today is worth 5.7% of the company value before the above series of events. IPO in 2015 valued company at £100m.Jan 2019: 312,049,682 shares x 58p = £181m mcap. Feb 2021: 312,437,422 x 3.3p = £10.3m mcap. Annual Revenue approx. £170mPer company website, collections are increasing since October 2020. Loan book in October is similar to book value in Jan 2019. Guarantors loans division (not a core business) are on hold until FCA response is received. Everyday Loans and Loans at Home divisions are both lending. It seems that the company is approx 80% operational and Institutions hold approx 50% of the shares. Lending sector is poised to use modern technologies, ie. blockchain. CEO - former Chief Executive and Chairman of Provident. Cash in hand approx. £70mSecurisation Facility £200m - available for future use (they don't need it now) Term Loan £285m provided by a group of institutional investors, repayable in August 2023. Company is already looking to extend the maturity date. Interest on this is 7.25%pa so they most likely agree. This is the source of funds for new lending, company's core business. £45m Revolving facility 3.50%pa from RBS. Non-standard consumer finance is a large segment of the UK's financial services market and is regulated by the FCA.Above based on own research. More info about company here
marmar80: I can see it this way. FCA approves the 16m redress and we have a strong case to be in 10s in the share price terms. Then results and later decision regarding the share issue. Current cash will cover the redress. Current cash will cover also the next 12 months of debt repayments. Future cash will cover next 12 months of debt repayments. Share issue will be to unlock the 200m unused facility. Perhaps share issue will be rights issue too as the main shareholders won't agree to lose their strong position.
daniel: Thanks Silver, 1. A SUBSTANTIAL DILUTIVE OPEN OFFER IS SCHEDULED FOR Q2 - This is unsubstantiated by you and runs in conflict with cash flow improvement in the last trading update from the company. Fundraising is not a must, alternatives being considered. 2. THE FINANCIAL OMBUDSMAN SERVICE UPHOLDS A STAGGERING 80% OF ALL GUARANTOR LOAN COMPLAINTS - CEO of FOS resigned last week due to staffing pressure and costs of investigating complaints. Were those complaints duly and fairly investigated, due to FOS being inundated by Claim Management Companies? 3. SUB-PRIME LENDERS ARE GOING BUST - And so? that's vague. It doesn't mean NSF is not a going concern. 4. CARSON BLOCK SUSPECTS THAT NSF ARE ANOTHER FRAUDULENT COMPANY! - You are an ex-stockbroker; you know the implication of spreading rumors and lies about a company for personal financial gains. Why do you only post in this company? Are you maintaining dangerous short positions in NSF? Are you working for someone/institution? Why do you write with CAPITAL LOCK? - Arrogance or Stupidity?
marmar80: It was a very good week for NSF. Bit in the Amigo' shade, but what is most important is the 5p - share price back to the ordinary value, a new and old psychological level in play. A few more days and most of those who bought at 3p will be out as well. Hope an increased volume will remain from now on. Approx 2-3 months till share issue/rights issue maybe? , so really enough time to move higher. Also enough time for some unexpected news, like rns Holdings in, a new product launched or a quicker FCA response. Approx 50% of shares is on open market so not that many to change hands. Two things about new shares:- fundraising was announced months ago when share price was around 15p, - reason was to strengthen balance sheet and for "investment opportunities", - main shareholder is supportive so we can assume it won't be an open offer to everyone, perhaps a combo of private placement plus rights issue to existing shareholders (fingers crossed!), - fundraising was put on hold when share price tanked below 10p,- and last one basic, every 1p higher potentially eliminates thousands of new shares to be issued.Have a great weekend to All nsf believers and non-believers :)
stemis: I'd guess this is going to be something like a 3 for 1 at 5p raising around £47m gross. 5p is the nominal value of shares so would avoid a capital reorganisation. With that sort of capital NSF should be able to return to the days of making PBT of £15m and on a P/E of 10, a share price of 10p isn't unreasonable. Obviously all conjecture...
marmar80: Plenty of time to "some time in Q2". Priced to go bust. See share price in end of 2019 and decrease it by 27%. This is the place where the share price should be.
marmar80: Less shares will be issued and I strongly believe this is what they all want. See what happens man, but I will hold for now. Share price has been depressed mostly in 2019 by the Woodford offload in a hurry (they had own problems). Then the new instututions bought and are still in the game. Nominal share value is 5p so no shares will be issued below this price.
galeforce1: marmar - Yes, a good start, but I doubt if we will see a significant, sustainable rise in the share price here until we know what the deal is with the FCA and see the details of the company's planned equity raise. But with a market cap of only £10m there's an opportunity here. Not without risk, inevitably. One bit of positive news is the just-published FCA review on sub-prime lending doesn't seem too concerned about heavily regulated businesses like NSF. It's more worried about unregulated credit available on internet shopping sites.
Non-standard Finance share price data is direct from the London Stock Exchange
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