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Prices & Quotes - UK Markets - International Personal Finance (IPF)

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Share Price:
Up 82.70p
Change Today:
2.70p
Market Cap:
185.03m
Sector:
Financial Services

International Personal Finance returns to profitability in Q3

By Iain Gilbert

Date: Wednesday 14 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Consumer credit provider International Personal Finance returned to profitability in the third quarter of 2020 on the back of "continued positive momentum" in its operational performance.

IPF said it had recorded strong collections effectiveness, improving to 95% of pre-Covid expectations, and added that a "prudent relaxation" of credit settings had resulted in a 55% increase in credit issued quarter-on-quarter.

The FTSE 250-listed firm also noted that group annualised impairment as a percentage of revenue was broadly flat at 38.1% and comprised an increase in European home credit.

However, while IPF said it had not seen any impact to date, the group stated it was "prudently assuming" that there would be a "modest reduction in collections effectiveness" during the winter period.

Chief executive Gerard Ryan said: "I'm very pleased to report that the business returned to profitability in Q3.

"All our key performance metrics continue to improve, with collections effectiveness now at 95% of pre-Covid expectations, higher credit issued, improved underlying impairment and a strengthened equity to receivables ratio."

Elsewhere, IPF announced a series of consent solicitations in respect of its existing notes and an exchange offer for its existing Euro notes in order to place its financing arrangements on "a firm footing".

As of 0910 BST, IPF shares were up 12.03% at 59.60p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IPF Market Data

Currency UK Pounds
Price 82.70p
Change Today 2.70p
52 Week High 179.80p
52 Week Low 32.55p
Volume 295,601
Shares Issued 223.74m
Market Cap 185.03m
Beta 0.07

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IPF Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 04-Oct-19 10-May-19
Amount 4.60p 7.80p

Trades for 26-Jan-2021

Time Volume / Share Price
15:45 1,400 @ 82.70p
15:45 1,400 @ 82.70p
15:34 1,400 @ 82.70p
15:34 1,292 @ 82.70p
15:34 76 @ 82.70p

IPF Key Personnel

CEO Gerard Ryan
CFO Justin Lockwood
Chair Stuart Sinclair