Share Name Share Symbol Market Type Share ISIN Share Description
Pollen Street Secured Lending Plc LSE:PSSL London Ordinary Share GB00BLP57Y95 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  20.00 2.64% 778.00 11,099 16:35:09
Bid Price Offer Price High Price Low Price Open Price
766.00 776.00 776.00 756.00 758.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 99.42 39.47 53.04 14.7 574
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 3,974 778.00 GBX

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Date Time Title Posts
07/8/202009:27Pollen Street Lending27

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Pollen Street Secured Le... Daily Update: Pollen Street Secured Lending Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker PSSL. The last closing price for Pollen Street Secured Le... was 758p.
Pollen Street Secured Lending Plc has a 4 week average price of 738p and a 12 week average price of 7.30p.
The 1 year high share price is 895.90p while the 1 year low share price is currently 7.30p.
There are currently 73,761,856 shares in issue and the average daily traded volume is 18,909 shares. The market capitalisation of Pollen Street Secured Lending Plc is £573,867,239.68.
yieldsearch: well probably to coincide with the termination of the asset manager? within 6 months in all likelyhood the cash pile will increase (current asset manager unlikely to make reinvestment due to covid and the board against them). So in all logic, the board should elect to use the cash to either do a proper buy back /cancellation or tender. It would help share price and liquidity. and really a proper put up or shut up notice to waterfall. been a few months no?
spangle93: I guess the fact that the share price hasn't risen closer to 900p reflects the perceived market uncertainty (based on the board's expression of disappointment over management performance) that the possible offer might not be converted at that price to a final binding one?
davebowler: hTTps:// The peer-to-peer sector has had a tough time of it with one fund after another running into difficulties, yet the £1.1bn Pollen Street Secured Lending (LON:PSSL), formerly known asP2P Global Investments,might be worth a look. Its new manager is repositioning the legacy portfolio (now down to 10 percent of the assets) into more specialist and secured asset classes, which experience lower volatility and a better ratio of income to expected credit losses. At the end of June, two-thirds of the fund had been moved into property-backed and structured loans where the originator has first loss equity. PSSL has been recommended by the analysts at Investec Securities, who think that the current discount of 14% would narrow in the event of an improvement in the underlying performance. They also say that any such pickup should ultimately enable the fund to increase its quarterly dividend from 12p to 15p, which would give the shares a future prospective yield of 7.2% on the current share price. Even though interest rates are likely to stay lower for longer, it is still possible to put together a diversified portfolio of funds and investment trusts that will generate a decent level of income. The key is to do what you can to make sure that the distributions are sustainable and don’t get drawn into the higher yields if you are not comfortable with the risk to your capital.
Pollen Street Secured Le... share price data is direct from the London Stock Exchange
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