You are here

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

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 129.40p
Change Today:
2.40p
Market Cap:
289.52m
Sector:
Financial Services

International Personal Finance swings to loss amid Covid crisis

By Josh White

Date: Wednesday 03 Mar 2021

LONDON (ShareCast) - (Sharecast News) - International Personal Finance reported a 22% fall in revenue in its final results on Thursday, to 772.2m, as its customer numbers were down 20% year-on-year at 1.68 million.
The London-listed firm said it issued 772.2m in credit in the year ended 31 December, which was 41% lower than the prior year.

It swung to a pre-exceptional loss before tax of 28.8m from a profit of 114m in 2019, while its statutory loss before tax was 40.7m.

Statutory losses per share came in at 28.9p for the year, compared to earnings of 32.2p per share in the prior year, with the board declaring no dividend in 2020, down from the total 12.4p distributions per share announced in 2019.

International Personal Finance said its focus on portfolio quality and liquidity resulted in the reduction in credit issues, adding that it was recognising an elevated impairment charge recognised due to the impact of the Covid-19 pandemic.

It noted that there was a "significant improvement" in the impairment charge in the second half.

Cost savings of 58.3m were delivered as a result of its cost control and right-sizing strategy, implemented in the wake of the coronavirus crisis.

The company said it remained well-capitalised, with its equity-to-receivables ratio strengthening to 55.4% as at 31 December from 44.8% at the end of 2019.

It successfully completed a new five-year eurobond issue during the year, and amended its covenant package across all of its bonds and bank facilities.

Bond and bank facilities totalled 624m of funding at year-end, which the board said would support future growth, with headroom on undrawn facilities and non-operational cash balances of 210m.

"We have managed the business effectively through this turbulent period and proven the resilience of our international business model," said chief executive officer Gerard Ryan.

"We responded quickly to the pandemic, taking the strategic decision to establish three principles to guide our decision-making - to protect our people, prioritise our loyal customers and protect our business."

Ryan said that approach, together with the implementation of the company's return-to-growth plan and the "exceptional dedication" of its workforce, allowed it to continue serving customers safely, deliver an improving operational performance and return the business to profitability in the second half.

"Our business plays a key role in society and we are well-placed to remain at the forefront of lending responsibly to underbanked and underserved consumers and, in turn, deliver long-term growth and value to all our stakeholders."

At 0852 GMT, shares in International Personal Finance were up 5.06% at 83p.

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 129.40p
Change Today 2.40p
52 Week High 132.40p
52 Week Low 35.75p
Volume 61,842
Shares Issued 223.74m
Market Cap 289.52m
Beta 0.04

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
P/E
Not Available
PEG
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_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 07-May-2021

Time Volume / Share Price
16:35 2,756 @ 129.40p
16:29 8 @ 130.60p
16:29 90 @ 130.60p
16:29 845 @ 131.60p
16:11 102 @ 132.00p

IPF Key Personnel

CEO Gerard Ryan
CFO Justin Lockwood
Chair Stuart Sinclair