Ultimate Finance Share Discussion Threads

[henryatkin] 23/4/2013 11:01

UFG should be able to take advantage of the governments new Business Bank initiative. Bibby Factors CEO was interviewed about this on radio4 yesterday saying that they would be channelling low cost money from the business bank to small business's. What's good for Bibby is also good for UFG:


By Andy Tait, UK Sales and Marketing Director (Bibby Financial Services)

Vince Cable, Secretary of State for Business, has been unveiling more details about the government-backed Business Bank which is due to come online halfway through next year.

As part of its attempts to increase funding to small and medium-sized enterprises (SMEs) in the UK, the Business Bank will manage £2.9bn worth of existing Government debt and equity schemes designed to ease access to finance, and a further £1bn is to be set aside to boost sectors such as non-bank lending.

As the UK's leading independent invoice finance provider, we think this is welcome news and we will be proactively looking at ways Bibby Financial Services can take advantage of this extra funding in order to pass it on to businesses looking for flexible finance solutions.

It is also welcome news that the Government is recognising the role played by non-bank lenders in supporting SMEs which are looking to grow and fund their businesses to help drive the wider UK economic recovery.

In 2012 we provided £340million in funding to businesses in the UK, safeguarding jobs, helping to fund new businesses and backing entrepreneurship. In 2013 we are looking to increase that even further as more businesses are realising the value of taking on a facility such as invoice finance.

The prospect of extra funds being made available in this way by the Government will support our aspiration as a provider to support record numbers of SMEs over the coming years.

[shaka198] 03/4/2013 17:20

Still very active, with some big sales going through late on each of last two days, but price holding up, so must be some good support at these levels, encouraging?

[mbronco1] 29/3/2013 08:01

Article and tip in Investors Chronicle

[shaka198] 28/3/2013 18:49

A lot of activity today?

[shaka198] 21/3/2013 18:11

Steady progress in results with useful increase in dividend, imho good hold and buy on any weakness. Interesting that LBG finance them to enable them to take business from them, strange world.

[shaka198] 27/2/2013 11:05

Quite a bit of selling yesterday, but bid price staying firm, which is encouraging.

[pinkalltheway] 20/2/2013 12:47

This baby is worth a look.DYOR

[shaka198] 05/2/2013 11:24

Drifting lower, presumably on limited interest, as not aware of any other reason, market conditions still good for them. Maybe recent dilution has had some short term effect, so IMHO some good top up opportunities emerging.

[henryatkin] 21/1/2013 16:39

I've only recently started buying UFG after doing research. I don't know if its been posted about before but Factoring Blog is very interesting. I used invoice factoring back in the Alex Lawrie days of the early nineties for my engineering company. Factoring Blog covers UFG and has a recent comment on sales incentive jolly:

[no more mr nice guy] 09/1/2013 11:56

Renovo was a failed Pharma who made a bit of a balls up, got £28 mill cash left and now becoming an investment company.

Hopefully the cash we recieved was used to get its trade finance & contractual invoice finance side going once its doing OK they can securitise on those assets to bring fresh loan finance on specific assets if needed,they have been having a bit of a cost cutting exercise lately which hopefully goes to the bottom line, Ultimate doing well in the market place,clients like them they have a nice touch about them and decent management with Coombes at the helm now so it should be all go this next year.

[oregano] 09/1/2013 10:58

So the entire placing was taken up by Renovo, MAM, Helium and the directors. Extraordinary.

[shaka198] 09/1/2013 09:33

Am happy to hold onto the shirt tails for the ride, enjoy the income, and see what happens, as clearly getting more interest amongst a wider audience in market friendly conditions.

[deepvalueinvestor] 08/1/2013 18:03

Mam funds move above 5%. I missed the opportunity to trim at 23.5p but now wouldn't be surprised to see them push higher again. They certainly see to have some momentum.

[shaka198] 08/1/2013 12:56

There does appear to be good support from those in the know.

[oregano] 08/1/2013 11:25

interesting that in the placing two directors subscribed for shares, even after the 50% rise since the CEO bought. Helium who own over 20% and have a track record like no other a putting fresh money in at these higher levels.

[shaka198] 08/1/2013 09:27

Good trading, market conditions, income and takeover prospects, is clearly attracting some greater interest, presumably small institutions look for good percentage return downline.

IMHO had to happen at some stage with the improving trend. How far it goes will depend on trading improvement continuing and at what stage other strategic stake building.

[deepvalueinvestor] 07/1/2013 19:37

Growing confidence caused by the recent fundraising, triggered by institutional demand. I have been looking to reduce at 20p for years but now there is perhaps merit in letting them run. Right place at the right time with banks not lending to smes.

[cactus100] 07/1/2013 14:59

Great start to the New Year. Does anyone know what is behind the rise?

[shaka198] 27/12/2012 13:14

Lot of encouraging activity the last couple of trading days when you would expect it to be sleepy? The recent share issue or what?

[tiltonboy] 13/12/2012 20:44

dvi,

Guess what!

[deepvalueinvestor] 13/12/2012 20:15

I agree. Promising after a long wait.

[shaka198] 13/12/2012 15:18

Bit of a chart break out, some position building going on which is good news.

[the shuffle man] 13/12/2012 10:41

Agreed, something must be brewing !

[cactus100] 13/12/2012 10:26

Up again today, to a six-year high. Excellent stuff