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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 0.93% 87.00 85.00 86.80 87.00 87.00 87.00 18,607 08:01:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 46.7 27.1 8.1 10.7 270

Vpc Specialty Lending In... Share Discussion Threads

Showing 676 to 698 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
16/1/2021
18:12
Indeed and I hold via HL, just Barclays. Clowns.
waterloo01
16/1/2021
18:01
No problem at all with youinvest or eqi trading platforms.
escapetohome
16/1/2021
17:06
Good to see that the decision to leave Barclays many years ago still seems like a sound one. They are to date easily the worst of many brokers I have used or trialled
cwa1
16/1/2021
13:16
Had a further response from Barclays. There appears no resolution and VSL have also given up trying to get Barclays to act, so the situation is unlikely to change. Very poor from Barclays as one expects. From Barclays further response. "I contacted my colleagues within our trading team, with the further information, and they’ve provided some further clarity on why we are unable to allow purchases for this investment on the Smart Investor platform. VSL (VPC Specialty Lending Investments Plc) is not available to purchase as the company have not confirmed the distribution strategy for the asset on the EMT data. As part of our onboarding of new assets we have various checks/rules that assets must meet before we can make them available on the platform for clients. Unfortunately, as VSL (VPC Specialty Lending Investments Plc)does not meet these checks/rules we are unable to make it available to purchase on our platform.
waterloo01
12/1/2021
11:40
Less than $100k of revenue and a $400mn+ market cap. Was $0.60 on Thursday morning and $38.60 now after hitting $70 at some stage yesterday. VIH was at $10 and jumped to $15 yesterday upon announcement of the VSL news. Is now $16.50 in pre-market. We're in the fast lane too, you know! Yeeeeeeeeee-haaaaaaaaaa.
chucko1
12/1/2021
11:31
Signal Advance was up 438% yesterday? But in fairness, it's a minnow. Or was! What's happening at Tesla is epoch-defining. Didn't think I'd see 99/00 again in my lifetime. I've a lot of Puts.
spectoacc
12/1/2021
11:26
VSL could be the next TSLA - we've only just begun. Right. Well it makes as much sense as the Ramp Capital stuff. By the way, Signal Advance went up 65x in 3 days. On a misunderstanding, and it only halved when the misunderstanding was revealed. I have no interest in getting rich that way!
chucko1
12/1/2021
11:00
OT - you'll enjoy this @chucko1: Https://www.330ramp.com/blog/2021/1/11/the-tesla-multimillionaire-who-refuses-to-cash-his-lottery-ticket
spectoacc
12/1/2021
10:49
Not in the short term - the deal is subject to a lock-up period.
redhill9
12/1/2021
10:41
+14p to NAV is beyond me too, & agree their numbers are suspect - for starters, they're taking the end-Nov NAV without deducting the subsequent 2p divi. But - very happy with VSL, and wondering if they have any more in the bag like this. Might we get a special divi?
spectoacc
12/1/2021
10:21
Agree about the reference to dividends, the same thought stuck me. I suspect the market doesn't have any clearer idea than I do of whether the value of this deal is as good as presented or not. Reading the press release it sounds to have great potential, but also I found it a bit difficult to understand actually how value will be generated (or is that just me?). However, I'm not selling any shares on the basis that VPC management know what they're doing.......
redhill9
12/1/2021
10:14
Worth adding that TSLA 3yr options are at 80% volatility. Pricing VIH warrants like this would add a further $1.7 to my numbers presented above. 80% is la-la land volatility, but TSLA has sailed way beyond la-la land anyway, so I have little further to add on that. I have a tiny short position on TSLA which is about 100% offside (and that's after yesterday!). This is a good result as many others are 1000% under water. $1mn per car manufactured? Good luck with that and any other business line they may launch - either now or over the next 150 years. Check out Musk's tweet on Signal and the 885% rise on Signal Advance. Two entirely different companies - this will end in tears and bankruptcy for many traders in the fullness of time. As far away from VSL as I originally imagined, except they seem to have got lucky in SPAC-land. Oh well, better to be lucky than smart - isn't it?
chucko1
12/1/2021
09:53
Yes, the warrants will have considerable time value. If $15 for the underlying share price is correct, then a 5 yr warrant has additional time value of about $4.8 resulting in a total of about $8.3. What matters a lot here is the volatility at which such a warrant is priced and I have assumed a lofty 60%. Bear in mind that it is 41% for short dated AAPL options and 32% for MSFT. That said, for a SPAC, you may as well stick your finger in the wind as there will be limited ability to risk manage such a thing. I still do not see Stifel's 14p a share - in fact I am not sure the analyst has much idea. Furthermore, I do not think the market shares this optimism - it has now had a full trading day to take the price higher by a portion of the 14p and the initial 1p and then 3.5p suggests few others see 14p as the true increase in NAV. The clue to Stifel's "greenness" is the comment "put pressure on the income paying ability of the fund" Nonsense - they are not changing anything, although at a higher NAV, the dividend yield would fall upon the increase in share price. In aggregate, they will still pay out the income their current investments generate. Odd.
chucko1
12/1/2021
09:26
$ not p sorry
irishmatt
12/1/2021
09:26
Enterprise value is 10p but share price is 15p which puts the warrants in the money too. I've not done the calc but that would be where it's coming out higher
irishmatt
12/1/2021
09:21
OK, how do they get to +14p?
spectoacc
12/1/2021
09:07
Stifel; VPC Speciality Lending - 15% gain following announcement of SPAC deal Stifel View: We have commented earlier on the beneficial economics for VPC sponsoring a SPAC (Special Purpose Acquisiton Co.) (link here) and this has been borne out with an estimated positive impact of +15% or +14p (based on the 30/11/20 NAV of 94p) to VSL shareholders based on the closing price of $15 for VIH (the SPAC). We expect the bulk of these returns to flow through in January as the deal is expected to close shortly. The underlying company, Bakkt, is also interesting as it focuses on digital payments including cryptocurrencies, providing a platform for users to convert one digital asset to another e.g. a giftcard for air miles. Given the large gain we expect greater volatility in the NAV of VSL and put pressure on the income paying ability of the fund. However, it is a good headache to have and we retain our Positive rating as the fund is trading at a 22% discount to the prospective NAV of c.108p. (Analyst: Sachin Saggar). Merger: VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by VPC Impact Acquisition Holdings Sponsor, LLC, an affiliate of Victory Park Capital, has entered into a definitive agreement to combine with Bakkt Holdings. Bakkt is a company launched by Intercontinental Exchange, Inc. in 2018. Through VPC Sponsor, VPC Specialty Lending Investments currently owns 2,220,530 Class B Shares and 2,697,467 private placement warrants in VIH, held at an aggregate cost basis of $2,713,994. Valuation impact: The transaction implies a $2.1bn post-merger enterprise value at a $10.00 price per Class A Common Stock. Upon the consummation of the transaction, VSL's Class B Shares shall be automatically converted into one share of Class A Common Stock of Bakkt with an aggregate implied transaction value of $22,205,300 to the Company. Warrants: Similarly, each private placement warrant shall be converted into a warrant to purchase one share of Class A Common Stock of Bakkt. VSL holds 2,697,467 warrants, which maintain a $11.50 per share strike price, provide for cashless exercise and expire five years after closing of the transaction. Lock-up: VSL's Class A Common Stock and warrants shall be subject to a one-year post-closing lockup unless otherwise accelerated based on average trading performance measured six months post-closing. The transaction is expected to close in the second quarter of 2021 and remains subject to VIH shareholder approval amongst other closing conditions.
davebowler
11/1/2021
18:04
This issue with BSI has been considered here before. I am not aware of any dissent from the view that BSI simply are not fit for purpose. The still owe me some REIT dividends from over 2 years ago. The move from Barclays Stockbrokers to BSI brings shame on the management of Barclays PLC. The FSA could not give a hoot (what is new there?).
chucko1
11/1/2021
16:57
waterloo01, Have Barclays given any justification for no longer permitting purchases ? I have a Barclays account but have been unable to get an explanation.
colonel a
11/1/2021
16:25
Thanks for that. In terms of whether the market was asleep as I thought was a possibility - seems it was. You can easily sell 50k shares (at above bid) but would need to pay 86p (1p over offer) to buy the same amount.
chucko1
11/1/2021
15:57
Cashless exercise means if the warrants are executed they don't physically pay over the cash but get fewer shares, so if you had 2 warrants with a strike of 10 and a share price 20 you would get one share of 20 rather than pay over 20 and get two shares at 20. The net financial effect for the warrant holder is nothing.
gco1133a
11/1/2021
15:13
Ha - market caught up. Now 84-86.
chucko1
11/1/2021
14:15
Had to have a small top up
oniabsta
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
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