International Personal Finance (IPF)

Sector:

Financials

Index:

FTSE Small Cap

124.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 131.00
  • 52 Week Low: 100.50
  • Currency: UK Pounds
  • Shares Issued: 226.72m
  • Volume: 650,742
  • Market Cap: £282.27m
  • RiskGrade: 268

International Personal Finance posts strong Q3 lending growth, stable repayments

By Alexander Bueso

Date: Thursday 20 Oct 2022

LONDON (ShareCast) - (Sharecast News) - International Personal Finance reported strong lending growth across its third quarter, alongside "stable" customer repayment performance.
"Our positive momentum from the first half of the year continued during the third quarter and I am pleased to report that, in addition to delivering strong growth, our customers' repayment behaviour and portfolio quality remained robust," IPF boss Gerard Ryan said.

Ryan went on to add that the home credit business would maintain its "cautious" approach to lending over the fourth quarter, but expected IPF would deliver good quality growth for the year and highlighted the company's "strong funding and capital position".

Customer lending over the period was ahead by 15% with closing customer receivables up by the same proportion at constant exchange rates to reach £851m.

Customers numbers meanwhile rose by 2% to 1.75m, including an 8% rise year-on-year in Mexico Home Credit to reach 698,000.

In Europe Home Credit on the other hand, customer numbers slipped by 3% to 785,000.

Closing net receivables in Mexico increased 21% at constant exchange rates to £169m and by 13% in European Home Credit to £473m.

At IPF Digital, met receivables were up by 18% to £209m.

Repayment performance was stable across the lender's three divisions despite the "challenging" macroeconomic backdrop.

IPF also said it had headroom on undrawn facilities and non-operational cash balances of £93m as of September 2022.

"The current funding capacity together with strong cash generation, is expected to meet the Group's funding requirements through to the fourth quarter of 2023," the company said.

At the start of October, Fitch Ratings reaffirmed its speculative BB- rating for the company with a stable outlook.

As of 1051 BST, shares of IPF were trading down by 5.78% to 75.0p.



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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.

 

IPF Market Data

Currency UK Pounds
Share Price 124.50p
Change Today -2.00p
% Change -1.58 %
52 Week High 131.00
52 Week Low 100.50
Volume 650,742
Shares Issued 226.72m
Market Cap £282.27m
RiskGrade 268

IPF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.71% above the market average96.71% above the market average96.71% above the market average96.71% above the market average96.71% above the market average
90.65% above the sector average90.65% above the sector average90.65% above the sector average90.65% above the sector average90.65% above the sector average
Price Trend
61.79% above the market average61.79% above the market average61.79% above the market average61.79% above the market average61.79% above the market average
36.21% above the sector average36.21% above the sector average36.21% above the sector average36.21% above the sector average36.21% above the sector average
Income
99.24% above the market average99.24% above the market average99.24% above the market average99.24% above the market average99.24% above the market average
97.01% above the sector average97.01% above the sector average97.01% above the sector average97.01% above the sector average97.01% above the sector average
Growth
9% below the market average9% below the market average9% below the market average9% below the market average9% below the market average
8.26% above the sector average8.26% above the sector average8.26% above the sector average8.26% above the sector average8.26% above the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
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
  Final Interim
Ex-Div 11-Apr-24 31-Aug-23
Paid 10-May-24 29-Sep-23
Amount 7.20p 3.10p

Trades for 14-Jun-2024

Time Volume / Share Price
16:16 25,000 @ 123.50p
11:08 101,802 @ 126.00p
10:57 150,000 @ 126.50p
10:57 169,550 @ 126.50p
16:35 5,793 @ 124.50p

IPF Key Personnel

CEO Gerard Ryan
Chair Stuart Sinclair
CFO Gary Thompson

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