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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
  -0.80 -0.92% 86.00 85.60 86.80 87.60 85.40 86.00 255,745 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 46.7 27.1 8.1 10.6 266

Vpc Specialty Lending In... Share Discussion Threads

Showing 476 to 500 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
19/6/2020
16:39
Whoops..... dropped a bit there at the end !!!! It can't always be a Staircase to Paradise, can it mate?
chuckol
19/6/2020
16:35
I'm soo glad it's agreed, Speccy. It means so much to us all, as you know. 1% per month will be worth at least £17. luvvly jubbly How's the Corona-spreading going? I bet you've copped quite a few, you rascal. Keep up the good work. That'll keep those bloody supermarkets closed because there will be nobody left to marshal the queues! You might think of volunteering, eh? Add a few more to your tally. LOL
chuckol
19/6/2020
15:42
Agreed - with the activist to keep the management on their toes.
spectoacc
19/6/2020
15:25
That write back will be a long time coming. Nothing worse than flip-flopping on reserves. A credibility killer. I don't care - the 11.5% yield - or 1% a month roughly, will keep me in fine shape in the meantime.
chucko1
19/6/2020
13:37
Thanks @redhill9. And a further bull point - wonder if they'll eventually write back some of that provision they made.
spectoacc
19/6/2020
12:55
A solid month. Looking at the movement in monthly NAV, April was reported as 89.70p so removing May dividend paid of 2p gives a base figure on 1 May of 87.70p. Published figure for 31 May of 88.82p gives movement for May of 1.12p. Of that, I calculate the effect on NAV of buybacks during May (costing £2.6m) of 0.41p so an underlying increase in NAV of 0.71p. In conjunction with comments about all income due being received, no requirement to increase reserves, and strong inflow of capital payments (which is reported to be continuing in June) it looks to be a satisfying picture. The key questions are whether there is some deferral of credit related losses yet to appear, and whether the current acceptable experience can be continued. However with every month that passes the risks can be better controlled due to the general short-tail of the exposures. Incidentally, I calculate June buybacks to date, costing £6.3m, have contributed around a further 0.63p to NAV as of yesterday's buyback announcement.
redhill9
18/6/2020
22:18
Still receiving all payments! If that continues for the next few months then the discount will turn into a premium and Victory will be victorious! htTps://vpcspecialtylending.com/wp-content/uploads/2020/06/VSL-Monthly-Report-May-2020.pdf
rambutan2
15/6/2020
09:58
Back on vsl. They have been forced to improve their proposed terms. They haven’t done that because they got a warm feedback from shareholders and despite managements 20% it must be a close call. Are their revised Terms enough? No idea but I see Jeffries changed their view from, it will and should pass when initially announced to , it shouldn’t pass. Without the managements stake it would clearly fail and go into wind down. All the buy backs which have been good to enhance nav and push the price up will stop as soon as this vote has passed. Their aren’t doing it to look after shareholders they are only doing it to try and protect their fees and they have needed to buy 20% themselves. It needs some independent directors and even if they wriggle through this vote, which I guess they will but not by much and only because of managements stake, this will rumble on and there is serious decent coming from the large shareholders.
nil of
15/6/2020
09:33
Spectoacc really makes me laugh. He sits on this thread and innumerable others pompously giving his worthless opinions when he is arguably the biggest loser on ADVFN. Take this share, for instance. He's already lost a huge pile of his paltry money stash here and is likely to lose more imminently. That is because he simply does not have a clue about investing: he just loves the sound of his own voice.
1tcm1
10/6/2020
19:56
Amazing turnaround here - I almost sold prior to the US stimulus announcements. The $1200 cheques sealed the deal for me. The statistics suggest that the global economy will be in the toilet for the foreseeable future which still concerns me. I am I right to be worried - any views?
irkin
10/6/2020
19:25
Perhaps overpaid a smidge for them too.
spectoacc
10/6/2020
17:38
Another 805,000 shares bought back today. I wonder where all these shares are coming from and who is selling!
rthak
10/6/2020
09:51
I thought this sentence from the announcement focuses the mind: In formulating these proposals, the Directors also note that if all the conditions are met by 31 March 2023, shareholders will have received a minimum total return of 52.0% by reference to the closing traded price per share of 69.70p on 9 June 2020. If we believe that the conditions are not excessively challenging then 52% over just less than 3 years is quite acceptable, although some of that 52% seems to have been achieved already by this mornings share price movement...... I'm happy with this situation - I wonder how Staude will react?
redhill9
10/6/2020
08:38
Liberum; Amendment to proposed thresholds for exit opportunities Mkt Cap £208m | Prem/(disc) -20.5% | Div yield 11.5% Event VPC Specialty Lending Investments has amended the thresholds for the conditional exit opportunities that it proposes to offer investors if the company's continuation vote is passed at the AGM on 24 June 2020. The conditional exit opportunities will now be: Continuation vote at 2021 AGM if the NAV total return for the 12-month period to 31 March 2021 is less than 4% (0% in the original proposal); Exit opportunity for up to 100% of shares in issue following the 2023 AGM if the NAV total return for the three-year period to 31 March 2023 is less than 24% (18% in the original proposal); and Exit opportunity for up to 25% of shares in issue following the 2023 AGM if the average discount over the three-month period to 31 March 2023 is greater than 5% (15% discount over a four-week period in the original proposal). The board states that these changes have been made following consultation with a range of shareholders after the publication of the circular. The company has also published the April monthly report since the circular was released and the manager is cautiously optimistic about the performance of the portfolio. The directors have also noted the significant movement in the share price following a reduction in the discount from 51.6% on 24 April to 20.5% currently. Liberum view The change to the thresholds comes only three weeks after the initial AGM proposal and follows the publication of a second letter from Staude Capital to the board. Staude was critical of the board's arguments for unanimously recommending continuation and for the 'unambitious' thresholds. It remains to be seen if shareholders will support these proposals but we believe the three-year NAV total return target (7.4% annualised) is fair given given the current economic environment. The discount target of 5% also represents a meaningful reduction from the current level. Staude's call for the offer of an orderly run-off to shareholders appears to have been ignored for now.
davebowler
10/6/2020
07:47
Happier with that. They seem to have listened and made some changes.
waterloo01
10/6/2020
07:31
Seem reasonable to me, but will wait to see the activist's response. Like the "greater than 5%" discount to NAV 25% exit one in 2023.
spectoacc
10/6/2020
07:25
RNS Amendments to AGM questions.
eeza
10/6/2020
06:59
Not small numbers in the context of VSL daily volume.
spectoacc
09/6/2020
17:29
Another 1,700,000 shares repurchased today which makes 2,071,000 shares in two days.
redhill9
08/6/2020
16:43
They thought VSL was a REIT. They also thought Neil Woodford was a reliable fund manager. Well, that's what happens when you haven't been able to go to school for 3 months.
chucko1
08/6/2020
14:22
Typical lying Speccy behaviour. He claims he filters everybody that does not agree with his repetitive posts then answers (dishonestly) every one of them
pete_bane
08/6/2020
14:12
Very tight spread at the moment - I've just been quoted 69.51p/69.58p
redhill9
08/6/2020
14:12
It was posted on McColls, discussing supermarkets vs convenience. So yes - relevant. What's this obsession with Leeds? Anything to say on VSL? No?
spectoacc
08/6/2020
14:06
SpectoCack. You are making it worse not better. You simply refused to observe the self-distancing rules. You're so bloody lucky you didn't catch coronavirus yourself. It rather likes attacking widbags, I gather. I am certain that you are lying about the gloves and mask. In April? In Leeds? PS. And was YOUR post in April relevant to investment topics then?
chuckol
08/6/2020
14:02
Again, another Johnwig multi-handle. Yes - the lady at Morrisons wasn't keeping 2 metres, didn't have a mask, or gloves, unlike me. I went through and kept 2m. Post was responding to: "qvg13 Apr '20 - 17:12 - 1495 of 1734 0 0 1 ... Yes, that happened to me [at Tesco]. Then the cashiers changed shift. And when i left the store the narrow walkway meant that i had to walk half a metre distant from the first cashier, through his cigarette smoke. Usual mismatch between rules and common sense!" Now, perhaps the threads could be kept to points relevant to investment?
spectoacc
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
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