Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Vpc Specialty Lending Investments Plc 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
  -0.40 -0.47% 85.60 85.60 86.80 85.60 85.60 85.60 345,482 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 46.7 27.1 8.1 10.6 265

Vpc Specialty Lending In... Share Discussion Threads

Showing 451 to 475 of 775 messages
Chat Pages: Latest  19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
08/6/2020
14:00
"SpectoAcc13 Apr '20 - 19:20 - 1496 of 1734 0 0 1 @qvg - indeed. I fear I ignored it and went through anyway, which prompted the Stasi lady to tell the checkout girl not to scan my shop until the adjacent bloke had paid. Probably because, as she'd told me the rule earlier, I'd responded: "But you're way closer than 2 metres telling me this rule, shouldn't you & I be further apart?". She had no mask, or gloves, & not a job I'd choose." That rather suggests, SpectoAcc, that you are the cretin!
chuckol
08/6/2020
13:57
It's one multi-handled cretin, has copy/pasted that on about 20 threads. My troll from anti-Woodford days, he's a big fan of Neil W. 198k VSL at 69.4p earlier, suggests buyback may still be going strong. more than half the day's volume on LSE.
spectoacc
08/6/2020
13:53
Don’t you people have anything better to do with your lives? Take up a hobby, do a bit of gardening, even practice the virtue of minding your own business.
nk104
08/6/2020
12:58
The most important thing in this pandemic is to observe the rules of lockdown. At a guess, 80% of the adult inhabitants of the UK did so pretty punctiliously. This served the country well, I believe. Not, however, our voluble hero SpectoAcc. He was boasting, on ADVFN of all places, that he refused requests to keep social distancing in his local Leeds Morrisons, called the staff person who asked him a "Stasi" and elbowed his way to the front of the queue. He is very lucky that the majority of the population avoided this disgusting, unintelligent behaviour
1tcm1
06/6/2020
13:48
And don't forget they need to save their jobs - buybacks get them nearer to NAV and countering the activism.
spectoacc
06/6/2020
11:29
chucko1: Keep going for now Yes, seems sensible while discount is so high and, as you say, a riskless return. Yield is still over 11.5% and 8p annual dividend is costing £6m per quarter. So long as they ensure they have enough cash to continue paying the dividend as top priority then using surplus cash for buybacks currently seems fine. SpectoAcc: ...suspect the golden ops they were expecting perhaps haven't materialised (yet), with the market being so (irrationally) strong. Could be. Or maybe they've got enough cash for dividends, buybacks and new investment opportunities......? The May monthly report may give us more guidance.
redhill9
05/6/2020
18:50
Agreed - and suspect the golden ops they were expecting perhaps haven't materialised (yet), with the market being so (irrationally) strong.
spectoacc
05/6/2020
18:36
An after-tax 12% saving is worth it. Especially as this return is riskless, rather than the possible 14% pre-tax risky return. Keep going for now.
chucko1
05/6/2020
18:26
Another 752,000 bought, also to be taken into consideration is the saving to the company in dividend costs. Recent purchases of approx 7 million save over half a million pa.
johnroger
05/6/2020
08:48
And, redhill9, the shares in treasury can be 'sold' at the higher share price should it work releasing cash to take advantage of those opportunities
a0002577
04/6/2020
18:03
The latest buyback today of 726,000 shares at 68.6p takes the shares in issue to 299.6m which is a decrease of 6.2m shares, or 2.03%, from 305.8m on 21 May when the current buyback sequence started. Those 6.2m shares cost just over £3.94m at an average of 63.5p and, using the NAV of 89.7p per share for 30 April, therefore generated 26.2p per share "release" of NAV, a total of £1.63m to be shared across the remaining 299.6m shares in issue giving us by my calculation an increase in NAV per share of around 0.54p. Whether spending £3.94m to generate a one-off benefit (albeit a high percentage one) while thereby reducing the size of VPC's assets available to generate future returns is a better strategy than re-investing that £3.94m in the business, where it could be expected to compound in future growth, is something to be debated. With such a high discount to NAV still evident despite the recent rise in the share price then probably the one-off gain is justified but if the discount continues to decrease then at some point re-investing the cash within the business must become the more attractive option, especially if the high return opportunities VPC claim to have identified are real.
redhill9
04/6/2020
13:45
More buy backs and director/associate buy
johnroger
01/6/2020
22:47
No buybacks today because presumably they can't - the current price is more than 5% above the rolling 5 day average price....
rthak
01/6/2020
10:10
SpectoAcc - exactly! While not a great fan of buybacks in ongoing companies (as opposed to those winding down) I take comfort from the recent share repurchases as indicating that VPC is confident of also having the cash to be able to maintain dividends, and so long as they do that the discount will, in time, take care of itself. Even after today's latest increase in the share price the yield is comfortably over 12% for existing holders.
redhill9
01/6/2020
09:02
@Nil - tbh if they keep paying the 8p pa divi, and they seem resolved to, then a wider or narrower discount doesn't concern me too much. If performance keeps up, should naturally come in a bit. As for Staude's proposals - certainly got to give them consideration. VSL large enough to do occasional tenders IMO.
spectoacc
01/6/2020
03:18
For ref: htTps://www.victoryparkcapital.com/news/ hTtps://paccurrent.com
rambutan2
29/5/2020
18:43
well they have stepped up buying back shares massively, question is after the vote, if they win, will they bother and let it slide back until they need to do it again in three years time? Discount has to widen after the vote if they win or narrow if it gets put into run off and then maybe the nav/loan write downs start to emerge. Cant see how voting for run off at the AGM now isnt the best result for shareholders. Can anyone else
nil of
29/5/2020
18:14
Purchased 1,467,200 Shares today If they purchase more than 1,551,581 on Monday the number of shares 'in issue' will drop below 300 million with more than 82 million in Treasury waiting to be sold back into the market at a profit sometime in the (possibly long distant) future
a0002577
29/5/2020
13:01
Just read the Staude letter and agree with waterloo01 they make some good points. Also agree with SpectoAcc that Staude involvement should be beneficial to shareholders. With c.300m shares in issue VPC will have to do a load more buybacks if they are to significantly reduce the discount by that approach. As previously discussed, some form of periodic tender to shareholders @ NAV per share might be more effective in reducing discount?
redhill9
29/5/2020
11:00
Looks like another 300k picked up this morning although RNS awaited. VSL look like they are just sitting on the bid picking up whatever sellers there are.The price has to continue to rise if that continues to remain the case!I added to my position this morning.
rthak
29/5/2020
08:30
Thanks - I get the impression that VSL are hoping that by doing aggressive share buybacks they can narrow the discount to sub-10% before the AGM which would make a number of these issues go away...That needs a share price of 80p - not completely unachievable with aggressive buybacks I would have thought.
rthak
29/5/2020
07:31
Thanks for the link.
skinny
29/5/2020
07:28
Good spot, thanks. Whilst I'd rather the Board weren't distracted, this looks like win-win for us shareholders. VSL taking steps to narrow the discount already, but some of Staude's proposals seem sensible.
spectoacc
29/5/2020
07:21
Staude open letter published. They raise many very good points. hTtps://staudecapital.com/may-29-2020-letter/
waterloo01
28/5/2020
22:55
Redhill, it is more than reasonable to assume the people running this Trust are pretty switched on. But the circumstances they are dealing with are unprecedented, of course, and so the chance of a mishap is still there. They are relying to some extent on 2008/9 loss experiences - we will only know by next year if this was sufficiently conservative, but one cannot blame them for the current assumptions. rthak, 40% tastes good! The low WAL gives some immense flexibility and one has to simply trust their judgement.
chucko1
Chat Pages: Latest  19  18  17  16  15  14  13  12  11  10  9  8  Older
ADVFN Advertorial
Your Recent History
LSE
VSL
Vpc Specia..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210422 01:22:16