International Personal Finance (IPF)

Sector:

Financials

Index:

FTSE Small Cap

101.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 131.00
  • 52 Week Low: 94.00
  • Currency: UK Pounds
  • Shares Issued: 224.71m
  • Volume: 145,241
  • Market Cap: £226.96m
  • RiskGrade: 268

Intl Personal Finance delays FY results, cites Polish regulatory issues

By Michele Maatouk

Date: Monday 26 Feb 2024

LONDON (ShareCast) - (Sharecast News) - International Personal Finance cited regulatory issues in Poland as it delayed the release of its full-year results.
The company said that its Polish business - Provident Polska - had received a letter from Komisja Nadzoru Finansowego (KNF), the Polish Financial Supervision Authority, outlining its views on how existing laws and regulations relating to non-interest fees should be interpreted by credit card issuers.

"The group is considering the potential impact of the communication from the KNF on the performance of Provident Polska and whether this needs to be considered in finalising the group's 2023 year-end results," IPF said.

It said the letter was provided to all regulated lenders operating in the Polish credit card market. As a result, IPF is reviewing, with the assistance of external counsel, what the impact of this sector-wide communication might be and whether it constitutes a significant change to the existing approach taken by the KNF.

IPF said its year-end results reflect a stronger-than-expected trading performance in 2023 and that this momentum has continued in early 2024.

"The 2023 results will be deferred until the contents of the KNF letter can be considered fully by management and the audit process completed.

"As the letter was only received in the last few days, the group considers it prudent to take the time to understand the contents of the communication fully, and this work is expected to take around a week to complete, following which the results will be released."

IPF noted that Polish credit card receivables represent just over 5% of the group's receivables and around 25% of overall receivables in Poland.

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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 101.00p
Change Today -1.50p
% Change -1.46 %
52 Week High 131.00
52 Week Low 94.00
Volume 145,241
Shares Issued 224.71m
Market Cap £226.96m
RiskGrade 268

IPF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.75% above the market average97.75% above the market average97.75% above the market average97.75% above the market average97.75% above the market average
96.26% above the sector average96.26% above the sector average96.26% above the sector average96.26% above the sector average96.26% above the sector average
Price Trend
12.32% above the market average12.32% above the market average12.32% above the market average12.32% above the market average12.32% above the market average
8.62% above the sector average8.62% above the sector average8.62% above the sector average8.62% above the sector average8.62% above the sector average
Income
99.00% above the market average99.00% above the market average99.00% above the market average99.00% above the market average99.00% 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
17.59% below the market average17.59% below the market average17.59% below the market average17.59% below the market average17.59% below the market average
3.7% below the sector average3.7% below the sector average3.7% below the sector average3.7% below the sector average3.7% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 3
buy
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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 19-Apr-2024

Time Volume / Share Price
16:35 10,607 @ 101.00p
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IPF Key Personnel

CEO Gerard Ryan
Chair Stuart Sinclair
CFO Gary Thompson

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