VPC Specialty Lending Investments (VSL)

Sector:

Financials

48.55p
   
  • Change Today:
      0.15p
  • 52 Week High: 81.00
  • 52 Week Low: 48.20
  • Currency: UK Pounds
  • Shares Issued: 278.28m
  • Volume: 60,319
  • Market Cap: £135.10m
  • RiskGrade: 86

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
1st Interim2.00p2.00p2.00p2.00p2.00p
2nd Interim2.00p2.00p2.00p2.00p2.00p
3rd Interim2.00p2.00p2.00p2.00p2.00p
4th Interim2.00p2.00p2.00p2.00p2.00p
Total Dividend8.00p8.00p8.00p8.00p8.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 39.11 41.34 37.58 41.25 46.66
Operating Profit/(Loss) 32.72 35.06 26.83 31.51 33.55
Net Interest (7.10) (7.05) (5.71) 7.61 (6.49)
Profit Before Tax 25.62 28.02 21.12 23.90 27.05
Profit After Tax 25.62 28.02 21.12 23.90 27.05
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 25.62 28.02 21.12 23.90 27.05
Attributable to:          
Equity Holders of Parent Company 25.62 28.02 21.12 23.90 27.05
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 9.21p 10.07p 7.55p 8.08p 8.11p
Earnings per Share - Diluted 9.21p 10.07p 7.55p 8.08p 8.11p
Earnings per Share - Adjusted 9.21p 10.07p 7.55p 8.08p 8.11p
Continuing and Discontinued EPS          
Earnings per Share - Basic 9.21p 10.07p 7.55p 8.08p 8.11p
Earnings per Share - Diluted 9.21p 10.07p 7.55p 8.08p 8.11p
Earnings per Share - Adjusted 9.21p 10.07p 7.55p 8.08p 8.11p
           
Dividend per Share 8.00p 8.00p 8.00p 8.00p 8.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties n/a n/a n/a n/a n/a
Investments 77.48 130.87 141.80 51.42 42.50
Other Financial Assets 163.11 221.31 281.41 298.88 356.90
Other Non-Current Assets n/a n/a n/a n/a n/a
  240.59 352.18 423.21 350.30 399.40
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 16.37 8.04 7.59 4.51 6.14
Cash at Bank & in Hand 6.56 15.54 6.30 6.42 6.13
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a n/a n/a n/a
  22.94 23.58 13.89 10.92 12.28
           
Other Assets 0.70 2.22 4.13 1.14 0.98
Total Assets 264.22 377.98 441.23 362.36 412.65
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a n/a
Other Current Liabilities n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 38.02 94.67 107.27 86.09 111.67
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a n/a
  38.02 94.67 107.27 86.09 111.67
           
Other Liabilities 1.07 10.09 16.30 5.72 9.45
Total Liabilities 39.08 104.76 123.57 91.81 121.11
           
Net Assets 225.14 273.23 317.66 270.56 291.54
           
Capital & Reserves          
Share Capital 20.30 20.30 20.30 20.30 20.30
Share Premium Account 161.04 161.04 161.04 161.04 161.04
Other Reserves 14.07 65.52 115.66 67.35 88.58
Retained Earnings 29.73 26.37 20.62 21.85 21.62
Shareholders Funds 225.14 273.23 317.61 270.54 291.54
           
Minority Interests/Other Equity n/a n/a 0.05 0.02 n/a
Total Equity 225.14 273.23 317.66 270.56 291.54
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 63.78 50.70 29.27 77.24 (26.17)
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 16.95 (0.04) (19.08) (2.48) 33.27
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (82.85) (54.59) (10.66) (74.68) (4.31)
Net Increase/Decrease In Cash (2.13) (3.93) (0.46) 0.08 2.80
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 7.2 8.3 12.2 9.7 9.6
PEG - Adjusted n/a 0.3 n/a n/a n/a
Earnings per Share Growth - Adjusted -8% 33% -6% -0% -20%
Dividend Cover 1.15 1.26 0.94 1.01 1.01
Revenue per Share 14.05p 14.85p 0.14p 14.82p 16.77p
Pre-Tax Profit per Share 9.21p 10.07p 0.077p 8.59p 9.72p
Operating Margin 83.67% 84.83% 71.40% 76.37% 71.90%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 7.2 8.3 1,209.1 9.7 9.6
PEG - Adjusted n/a 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted -8% 13,106% -99% -0% -20%
Dividend Cover 1.15 1.26 0.01 1.01 1.01
           
Dividend Yield 12.1% 9.6% 8.7% 10.2% 10.2%
Dividend per Share Growth n/a n/a n/a n/a n/a
Operating Cash Flow per Share 22.92p 18.22p 10.52p 27.75p (9.40p)
Cash Incr/Decr per Share (0.77p) (1.41p) n/a 0.028p 1.01p
Net Asset Value per Share (exc. Intangibles) 80.91p 98.19p 114.15p 97.23p 104.77p
Net Gearing 13.97% 28.96% 31.79% 29.45% 36.20%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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