Vpc Specialty Lending In... Share Discussion Threads

[dividend seeker] 07/5/2020 11:35

Where can I find the VPC statement issued this morning please ??

[spectoacc] 07/5/2020 10:52

"kpo1157 May '20 - 10:26 - 340 of 343
....And yet ignorant small investors still buy shares like VSL which is totally dependent on the UK economy. They do this having already lost huge amounts on the share and on UK dependent REITS and such like.

They've been suckered in by the very minimal recovery seen in the graphs above. Don't they have any knowledge of finance at all?

Still they preach at the rest of us as they merrily dance in their ignorance down the road to perdition."



This is one of @Johnwig's dozen or so fake names - click on View Posts, and scroll through the many defending WPCT & Woodford last year. Brilliant.

Now watch the green ticks slowly increase on the erroneous comments above, as he cycles through his logins :) :)

If only he spent half that time on research.

[kpo115] 07/5/2020 10:35

Oh yes, of course, that explains the massive drop from 83p to 43p. Nothing to do with the economy either here or in the USA, which is suffering the same problems? You live in cloud-cuckoo land....

[waterloo01] 07/5/2020 10:29

kpo115, you really know your onions. VSL has the vast majority of it's business in the States.

[irishmatt] 07/5/2020 10:27

The economy is not the stock market, and this particular share has more exposure to US than UK

[kpo115] 07/5/2020 10:26

The British economy will shrink by 14 per cent this year and two million people will lose their jobs, with a further six million people on the furlough scheme, the Bank of England has set out in the most disastrous projections it has ever published.

And yet ignorant small investors still buy shares like VSL which is totally dependent on the UK economy. They do this having already lost huge amounts on the share and on UK dependent REITS and such like.

They've been suckered in by the very minimal recovery seen in the graphs above. Don't they have any knowledge of finance at all?

Still they preach at the rest of us as they merrily dance in their ignorance down the road to perdition.

[waterloo01] 07/5/2020 09:34

Wisdom tree have a number of excellent short funds. I use 3ULS (3 x S&P) and VILX (2.25x VIX forward 1&2 months). Suspect we're in for some hefty falls in the coming days/weeks.

I also never short companies but do indexes.

[skyship] 07/5/2020 09:28

Specto - 😊, no, never short; but am certainly in very short-term trading mode. Quick to take the turn and move on, especially with the REITs which have served us both well.

For shorting, perhaps I should find a spread-betting operation which will accept my non-UK status; keep meaning to investigate that.

[chucko1] 07/5/2020 09:26

I’ve taken a different stance - I bought back everything I had previously sold. Locked up! 7.5% is only 6 months of dividend. That would (almost) be like selling APPL for a 1% gain!

Mind you, if you annualised your 7.5% in 20 minutes, that’s 1,024,007,605% a month. This assumes these profits for 50% of the time, the rest being taken up in making tea and waiting for the price to fall back again. I ignored frictional costs!

[spectoacc] 07/5/2020 09:16

Lol @Skyship, you've become a day-trader. You'll be shorting things next ;)

Feeling much more confident on VSL now the divi looks resoundingly safe - yes, things may get a lot worse, 2nd Covid wave, no vaccine certain etc. But VSL also in the position to invest again, & no reason to doubt they won't pick well.

Wasn't expecting much from a qtly letter but they updated right into May.

[skyship] 07/5/2020 09:11

Also re-joined for a few with 2 bites at the open; but then couldn't resist the 7.5% turn in just 20minutes! Will look to get them back if they retrace...

[chucko1] 07/5/2020 08:40

I bought more. Regrettably, I had a limit order still outstanding that I forgot about so had to buy that back to start with. On that update, still stupidly cheap. Or at least against a better defined risk. That said, cash collection could still go off a cliff if a large portion of the 25% unemployed don’t restart their employments. But current high collection is very comforting, especially with the redeployment options.

[spectoacc] 07/5/2020 08:27

Fair points @chucko1 - fighting the last war. Also the govnt cash that's getting doled out isn't going to individuals so much as to co's, & unemployment is already/will even more be an issue over time, even if/when Covid recedes.

But - and frustrated to not be able to get as many as wanted this morning - I thought that read as well as could possibly be expected. Write-downs only pence, no payments missed (to VSL, not on individual loans), and to summarise it in a sentence - Your Dividend Is Safe. 8p pa, c.15%, with downside risk accounted for in the cavernous discount.

[chucko1] 07/5/2020 08:17

It seems that their structuring experience is proving to be of practical use. The risk is that we diverge significantly from the 2008 experience as today’s environment and 2008 are not exactly baked from the same furnace. But as they say, the US government is doling out large amounts and individual loss experience is still small. Very low WAL and [hence] high cash collection indicates a stupidly low current share price IMO.

[waterloo01] 07/5/2020 08:14

Excellent have, along with a few others, added today

[irishmatt] 07/5/2020 07:29

Good update though I've only skimmed, will read properly later. Would have thought buying their own shares back would be more accretive and easier than looking at other loan pools but good they are trying to take advantage of situation

[wskill] 07/5/2020 07:18

Thank goodness for VSL after the BT.A fiasco today the UK is becoming uninvest able with all this political correctness ,seems its more important to ensure everyone but shareholders is extremely happy .

[redhill9] 06/5/2020 10:03

On 23 April VSL said:

The Company expects to release its 31 March 2020 newsletter and quarterly investor letter during the week of 4 May 2020. So any day now.

The share price has been surprisingly stable the last week or so. I'm not sure the imminent letter will tell us a great deal about VSL's current position as I'd guess the most relevant period for financial exposure is happening now and over the coming weeks/months. Any comment from them on outlook will be useful though. I hold very few shares currently and still reluctant to buy without some clear and encouraging factual update.

[chucko1] 30/4/2020 12:20

It may be the US oil bailout being talked about. VSL with a lot of exposure in Texas.

[rthak] 30/4/2020 11:54

Some significant buying today - not sure why but not complaining!

[badtime] 29/4/2020 21:13

Nothing much happening despite a relative strong stock market

[redhill9] 16/4/2020 10:24

The lack of reaction in the share price in either direction suggests SpectoAcc may be correct?

Also, VSL are usually prompt in announcing buy-backs so no RNS announcement would appear to mean it wasn't the company buying.

[irishmatt] 15/4/2020 22:57

Looks like buyback purchases to me, hopefully RNS soon to let us know. Pretty comforting though if it is

[spectoacc] 15/4/2020 20:42

Good spot; 46.046p has me wondering if part of the same transaction, despite the slightly differing sizes.

[rthak] 15/4/2020 18:50

Another 575k gone through at just over 46 after the bell