Share Name Share Symbol Market Type Share ISIN Share Description
VPC Specialty Lending Investments LSE:VSL London Ordinary Share GB00BVG6X439 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40p -0.50% 79.80p 79.60p 80.80p 81.00p 79.60p 81.00p 1,091,094 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 37.9 28.7 7.8 10.3 291.73

VPC Specialty Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
28/8/2018
10:29
Liberum; Strong NAV performance Event VPC Specialty Lending Investments' NAV per share at 31 July 2018 was 91.8p, representing a NAV total return of 1.15% in the month. Returns comprised 0.93% of income gains and 0.22% of capital gains. Income was predominantly from the balance sheet loans which produced a gross income return of 1.06%. The balance sheet loan to Wheels Financial Group was refinanced in June resulting a repayment representing 5% of NAV. Look-through gearing reduced from 15% to 10% as a result. A new investment has been made in a litigation finance firm, representing less than 1% of NAV. Liberum view July was the third consecutive monthly return in excess of 1%. Performance has recovered strongly since the start of the year and the manager expects to begin accruing performance fees again in the coming months. The shares currently trade on a -10% discount to NAV and offer a prospective 8.7% dividend yield.
davebowler
25/6/2018
10:52
Liberum; Performance recovery continues Event VPC Specialty Lending Investments' NAV per share at 31 May 2018 was 89.5p, representing a NAV total return of 1.03% in the month. Returns comprised 0.94% of income gains and 0.09% of capital gains. Income was predominantly from the balance sheet loans which produced a gross return of 1.06%. Capital returns were largely due to a large valuation increase in a minority equity position in an emerging market portfolio company in Latin America, resulting from a series B investment. Liberum view VPC Specialty Lending's performance improvement continues with May's return being the highest monthly return to date. The cumulative NAV return over the past three months is 2.6%. The fund's performance since the start of 2016 has been impacted by a steady stream of capital losses, mainly related to investments in securitisation residuals and marketplace loans. These investments now account for only 6% of NAV and should have a minimal impact in future. Further confidence was demonstrated by the recent 11% dividend increase to 2p per share (we estimate this was covered 0.7x by NAV returns in the quarter after stripping out the impact of IFRS 9). The shares currently trade on a -11.7% discount to NAV.
davebowler
14/6/2018
10:30
Not so sure that Woodford investments increased holding is a good sign but very happy with the yield thus far if they keep it at 2p per quarter lovely.
wskill
08/3/2018
08:53
Liberum; Event VPC Specialty Lending Investments NAV at 31 January 2018 was 90.51p per share which represents a total return of -1.28% in the month. The main reason for the decline was a 1.7% NAV impact from IFRS 9. The return was 0.42% after stripping out the effect of IFRS 9. This was comprised of income returns of 0.99% and capital losses of -0.57%. Balance sheet investments now represent 80% of NAV at 31 January 2018. There are 24 balance sheet investments in the portfolio with an additional four deals in the pipeline. In February, the company's balance sheet loan with Kreditech was refinanced. The position represented 3% of NAV. 73% of the IFRS 9 impact relates to reserves against an investment in Borro. A reserve of 0.55% was taken against the marketplace loan portfolio which includes the effect of IFRS 9 and additional reserves. Marketplace loans now represent just 3% of NAV. The shares currently trade on an 11.6% discount to NAV.
davebowler
21/2/2018
15:23
hTTp://citywire.co.uk/investment-trust-insider/news/lending-fund-still-falls-short-after-slashing-p2p-loans/a1093889?ea=252901&re=52668&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&;utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
16/2/2018
12:32
From report today: "Overall 2017 was an encouraging year, during which we completed new transactions and expanded our existing portfolio. Although our total return was not satisfactory, we feel that we have a strong portfolio that will drive higher returns in 2018. The marketplace loans and securitisations have proved to perform poorly, but we are proud to have successfully transitioned out of the majority of the portfolio’s marketplace loan facilities and into superior balance sheet investments. As we stand today, VSL has the strongest team and credit portfolio since inception and we look forward to improved performance throughout 2018 and beyond."
harveydee
16/1/2018
12:43
Nice to see some upward share price pressure finally.
harveydee
08/1/2018
11:58
Looks encouraging, slow and steady wins the race I hope ! And while we wait for share price recovery there is very nice consolation prize in the high dividend. Also, management told me that VPC execs from US will be doing some marketing "roadshows: in UK this year, perhaps as soon as January.
harveydee
08/1/2018
10:28
Liberum; VPC Specialty Lending Investments (Mkt Cap £286m) Marketplace loan exposure reduce to 3% of NAV Event VPC Specialty Lending (VSL) has reported a NAV return of 0.55% in October which is comprised of income returns of 0.82% and capital losses of -0.27%. NAV total return to date in 2017 is 2.8%. Income was predominantly from the balance sheet loans which produced a gross return of 0.91%. Exposure to balance sheet loans was 75% in November and has risen to 79% in December following the sale of the Prosper loan portfolio. A new £35m balance sheet loan investment completed in Oakam, a UK digital micro-lender. This was partly funded by the repayment of zipMoney's Australian Dollar balance sheet loan. VSL also exercised half of its equity options in zipMoney in November. The remaining investment in zipMoney is 0.4% of NAV. Marketplace loans and securitisations returned -0.13% in November and the manager is seeking to reduce the exposure further. It was 10% of NAV at 30 November and the company sold its Prosper marketplace loans in December (4.2% of NAV), reducing the marketplace loan exposure to 3.4%. The loans were sold at a discount to book value and will reduce the December NAV by 0.56%. The shares currently trade on a 15.3% discount to NAV.
davebowler
06/12/2017
16:13
Yes more director buying plus yesterday more buybacks .. a great monthly report .. and yet the market makers just keep punishing the share price .. it really is a share off almost everybody's radar and it's very frustrating that the share price is apparently unable to get some upward traction !
harveydee
06/12/2017
15:11
Some good buying today Harveydee not sure why is it the 10 percent yield or 20 % discount to net assets maybe the continued director buying ,even a newspaper article such choice we could pick any one of those.
wskill
27/11/2017
18:55
We seem to be the only buyers today probably due to investors thinking VSL invests in consumer loans.
wskill
27/11/2017
18:20
I meant 50k, not £50k !
harveydee
27/11/2017
18:19
Strange, wskill .. You bought 20k shares today and I bought £50k yet it says that total trading volume today was just 56,956.
harveydee
27/11/2017
14:49
Yup, good point.
harveydee
27/11/2017
13:01
Like the share buyback with the present 20 percent discount Harveydee that will get the net asset value up quickly and get them to the promised 2p per quarter dividend in next to no time .
wskill
27/11/2017
11:34
Me too. Looks like it's just us buying, plus vsl share buybacks and Invesco :))
harveydee
27/11/2017
11:25
Topped up a few today another 20k for the SIPP a gift at this price over 10 percent yield on targeted dividend.
wskill
25/11/2017
16:10
They went from 5 percent to 29 percent in April 2016 so must believe things will improve that is my take on it . The company has already told us they aim for an 8 percent yield on starting capital so I would think 8p dividend per share is the target this will be easier to achieve with the share buy backs at a 20 percent discount as at present. I have bought in my SIPP and ISA to hold for the long term a gift at this price especially with the disinformation from citywire that VSL is in consumer lending which was true in the past but more or less finished now.
wskill
25/11/2017
13:14
wskill, I noticed that too and agree it's a positive. I also spoke to the company (Chicago parent company) myself last week and was very reassured by what I heard. We have an excellent yield at this price of almost 10% and I think their lending model has some key inbuilt safeguards. biggest problem is the very narrow shareholder base and low trading volumes as well as scepticism that the original model (marketplace loans) didn't go as planned. Parent company say they will be making more efforts to change this perception in the new year, eg by coming to UK on marketing roadshows.
harveydee
25/11/2017
13:08
Invesco seem happy to increase to 30 percent thought a holding of over 30 percent would mean that a offer must be made? At the very least we have a long term shareholder cannot be a bad thing will add a few more on a down day.
wskill
19/11/2017
09:31
An out of favor sector but with asset value of 90p per share and the dividend yield of 9% looks like a good time to top up I have held them for a year now so cannot complain on the return . edit just read a report in citywire that this fall is due to consumer loans on the books at VSL not right I would think as now out of such loans .
wskill
18/11/2017
18:35
Anyone else still following this ? The share price seems to drop easily on v low volume
harveydee
16/11/2017
19:36
Div raised again to 1.8, putting current yield at over 9%.
harveydee
24/10/2017
14:08
Why so down again, yesterday's announcement is more good news as company gets rid of most of its dodgy marketplace loans. Currently yielding about 8.5%, what's not to like ?
harveydee
Chat Pages: 4  3  2  1
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