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: 196,952
  • Market Cap: £282.27m
  • RiskGrade: 268

IPF sees 'good momentum' continue through Q3

By Iain Gilbert

Date: Thursday 26 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Financial services firm International Personal Finance said on Thursday that "good momentum" from the first half had continued through the third quarter, with the group now expecting to perform ahead of internal plans.
International Personal Finance said it had seen "strong" demand for its financial products, resulting in customer lending increasing by 11% in the year-to-date, excluding Poland.

Closing customer receivables of £875.0m marked an increase of 4% year-on-year at constant exchange rates, or 15% excluding Poland. Customer repayment performance remained "robust" and impairment rates continued to track in line with internal expectations.

IPF also noted that it had a strong balance sheet, with headroom on undrawn facilities and non-operational cash balances of £100.0m as of 30 September, an increase of £16.0m since the half. It also said it had successfully secured £44.0m of debt facilities during the third quarter and, more recently, priced £14.0m of bonds in the Polish debt capital market.

Chief executive Gerard Ryan said: "I am very pleased to report that the group is trading well and ahead of our internal plans. Demand for our product range is strong and all our markets continue to deliver good growth in customer lending and receivables, the only exception being Poland where, as expected, lending has moderated as we adapt to serving our customers under the new pricing and affordability regulations there."

As of 1200 BST, IPF shares were up 0.78% at 129.0p.

Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 196,952
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
14:26 579 @ 124.50p
14:26 1,067 @ 124.00p
14:26 3,974 @ 125.07p
14:25 962 @ 122.50p
14:21 220 @ 122.80p

IPF Key Personnel

CEO Gerard Ryan
Chair Stuart Sinclair
CFO Gary Thompson

Top of Page