Vpc Specialty Lending In... Share Discussion Threads

[cwa1] 11/6/2021 13:51

Taken a handful myself this morning

[spectoacc] 11/6/2021 13:49

1.35m through at 83p. Can't remember if Invesco still have VSL? Looks like a buying op to me. Edit - Premier, Newton, & Schroders, could be one of those.

[waterloo01] 09/6/2021 22:55

Thanks. Not an issue I've gotten to grips with

[a0002577] 09/6/2021 20:56

Well, Waterloo01, if they buy in below NAV then it increases the NAV of the remainder because, effectively, the shares in Treasury are out of the equation. They also have the agility to sell the share out of treasury at a later date if the share price rises to a premium over NAV - thereby increasing the NAV for the remainder as well. But this doesn't happen very often. but it could save the cost of an offer if they need to raise cash. FCIT use this mechanism to support/smooth the share price. The risks are mainly to do with a good calculation (or not) of the NAV see SQN/KKVL Others may have a more cynical view

[kefta] 09/6/2021 19:54

Anyone holding VIH? I took a small position following the Dave news. Been holding VPC since day 1 of listing and taking the drip dividends, income wise it's been a good investment..

[waterloo01] 09/6/2021 17:30

Does anyone have some insight into treasury shares. They now have 1/4 of all issued shares in treasury. No dividends are paid on treasury shares, so we shareholders benefit. Are there other benefits/risks?

[chucko1] 08/6/2021 15:49

So did I - 84p.

[spectoacc] 08/6/2021 14:37

Looks like someone maybe sold 500k at 84.6p [& more later]. Taken the opportunity to add too.

[golden_eagle] 08/6/2021 14:28

Topped up at 85p - 18% discount to NAV and 9%+ yield!

[chucko1] 07/6/2021 14:37

1.0% - not 2.4%. Misread.

[chucko1] 07/6/2021 14:24

Seems we actually own a hi-tec company! Well, not quite, but ay least the current valuations of the equity and options is way below the discount (should the value of these investments crash - they are likely highly correlated with the Nasdaq). If I read this correctly, the aded value is 2.4% of current NAV, but the share price has not moved an inch.

[rambutan2] 07/6/2021 14:17

The management teams of Dave and VPC Impact Acquisition Holdings III, Inc. will host an investor call on June 7, 2021 at 10:00 AM ET (3pm UK) to discuss the proposed business combination and review an investor presentation. The webcast can be accessed by visiting: htTps://event.on24.com/wcc/r/3213523/CA426FA5CE759ABBC681D9DC13777C26. A replay will be available. For materials and information, visit hTTps://www.investor.dave.com for Dave and hTtps://www.victoryparkcapital.com/vih/vpc-impact-acquisition-holdings-iii-inc/ for VPCC. VPCC will also file the presentation with the SEC as an exhibit to a Current Report on Form 8-K, which can be viewed on the SEC’s website at www.sec.gov. htTPs://www.victoryparkcapital.com/news/2021/06/07/dave-a-leading-banking-app-with-10-million-customers-announces-plans-to-become-publicly-traded-company-via-merger-with-vpc-impact-acquisition-holdings-iii-inc/

[cwa1] 07/6/2021 14:02

https://www.investegate.co.uk/vpc-specialty--vsl-/rns/vpc-impact-acquisition-holdings-sponsor-iii--llc/202106071330520622B/

[rambutan2] 01/6/2021 21:07

And from the monthly report: PerchHQ, LLC (d/b/a “Perch”) announced the closing on its Series A round led by SoftBank raising a total of US$775 million. The share price of the raise was US$45.89, up from the seed round price of US$3.65. The Company received warrants in Perch as part of its balance sheet investment that have a strike price equal to the seed round price. After subtracting a 20% rights and preferences discount, the unrealised value of the Perch warrants increased by 1.54% of NAV, which is reflected in the gross capital returns, and accounts for a total of 2.1% of NAV as at 30 April 2021. Further information on the Perch Series A round can be found here. HTtps://vpcspecialtylending.com/wp-content/uploads/2021/06/VSL-Monthly-Report-April-vFINAL-1.pdf

[rambutan2] 01/6/2021 21:00

Noted this from CHRY - wefox is one of our bigger equity positions: 1 June 2021 Chrysalis Investments Limited ("Chrysalis" or the "Company") Portfolio Update The Company is pleased to announce that FinanceApp AG ("wefox"), the Berlin-based digital insurance company, has successfully raised $650m for its Series C funding round resulting in a post-money valuation of US$3 billion. wefox is Europe's leading digital insurance company and the round is the largest for an 'insurtech' business globally and one of the largest Series C rounds ever recorded. wefox intends to invest the proceeds in strengthening its presence in existing markets and expanding globally within the next two years. The funding round was significantly oversubscribed with strong participation from existing investors as well as new investors such as LGT, Partners Group, EDBI and Lightrock. The Company participated in the funding round with an investment of EUR 30m. This takes the Company's total investment in wefox to date to EUR 74.4m.

[spectoacc] 01/6/2021 07:27

Another good performance last month: "During the month of April 2021: v Total NAV return generated for the month was 0.85%, comprised of gross revenue returns of 1.16% and gross capital returns of 0.04%. These returns were offset by expenses and fees of -0.40% and other capital returns of 0.05%; v The Company was fully repaid on its balance sheet investment in ATA-KS Holdings, LLC, including a prepayment fee and all remaining accrued interest representing a gross IRR of 18.13%. The Company reinvested substantially all the proceeds into new and existing balance sheet investments; and v Capital returns remained largely flat during the month as unrealised gains on the Company's privately held investments were offset by an unrealised loss on the Company's investment in VPC Impact Acquisition Holdings (NASDAQ: "VIH")."

[scrwal] 27/5/2021 13:21

Somewhat surprisingly the share price is holding up for some reason.

[cwa1] 27/5/2021 08:05

XD today, pay day 24/6

[2wild] 25/5/2021 18:44

Added today at 85.88p. Adjusting for Thursday's Ex Div 83.88p equates to annual yield of 9.5% and 18% discount to NAV.

[waterloo01] 24/5/2021 16:31

What's with all the chunky sells 3 days before divi?

[waterloo01] 24/5/2021 11:57

Ex dividend on Thursday.

[2wild] 13/5/2021 11:24

7 May 2020 22 May 2019 23 May 2018 Probably within the next two weeks at 2p.

[jong] 13/5/2021 10:11

Should we be due a dividend announcement pretty soon ? I think it was around 7th May last year.

[chucko1] 28/4/2021 16:06

Imagine when the price was 46p!! Was not there long, but it was at 61p for a fair time. Yet few were as confident at 61p as they are now, it would seem, at 86p. Notable that the price of VIH has fallen 45% and yet the share price here is unchanged. Nothing is rational about this one which provides decent trading opportunities.

[golden_eagle] 28/4/2021 16:01

Price 86p - NAV 102.3p - yield +9%. No brainer in my view.