VPC Specialty Lending Investments (VSL)

Sector:

Financials

52.60p
   
  • Change Today:
      0.40p
  • 52 Week High: 81.00
  • 52 Week Low: 51.09
  • Currency: UK Pounds
  • Shares Issued: 278.28m
  • Volume: 227,883
  • Market Cap: £146.37m
  • RiskGrade: 86

Dividend Data

  31-Dec-2231-Dec-2131-Dec-2031-Dec-1931-Dec-18
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 41.34 37.58 41.25 46.66 48.04
Operating Profit/(Loss) 35.06 26.83 31.51 33.55 39.80
Net Interest (7.05) (5.71) 7.61 (6.49) (2.75)
Profit Before Tax 28.02 21.12 23.90 27.05 37.04
Profit After Tax 28.02 21.12 23.90 27.05 37.04
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 28.02 21.12 23.90 27.05 37.04
Attributable to:          
Equity Holders of Parent Company 28.02 21.12 23.90 27.05 37.04
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 10.07p 7.55p 8.08p 8.11p 10.13p
Earnings per Share - Diluted 10.07p 7.55p 8.08p 8.11p 10.13p
Earnings per Share - Adjusted 10.07p 7.55p 8.08p 8.11p 10.13p
Continuing and Discontinued EPS          
Earnings per Share - Basic 10.07p 7.55p 8.08p 8.11p 10.13p
Earnings per Share - Diluted 10.07p 7.55p 8.08p 8.11p 10.13p
Earnings per Share - Adjusted 10.07p 7.55p 8.08p 8.11p 10.13p
           
Dividend per Share 8.00p 8.00p 8.00p 8.00p 8.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
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 130.87 141.80 51.42 42.50 66.64
Other Financial Assets 221.31 281.41 298.88 356.90 308.02
Other Non-Current Assets n/a n/a n/a n/a n/a
  352.18 423.21 350.30 399.40 374.67
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 8.04 7.59 4.51 6.14 4.87
Cash at Bank & in Hand 15.54 6.30 6.42 6.13 3.27
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
  23.58 13.89 10.92 12.28 8.14
           
Other Assets 2.22 4.13 1.14 0.98 2.28
Total Assets 377.98 441.23 362.36 412.65 385.09
           
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 94.67 107.27 86.09 111.67 51.33
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
  94.67 107.27 86.09 111.67 51.33
           
Other Liabilities 10.09 16.30 5.72 9.45 5.78
Total Liabilities 104.76 123.57 91.81 121.11 57.11
           
Net Assets 273.23 317.66 270.56 291.54 327.98
           
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 65.52 115.66 67.35 88.58 125.20
Retained Earnings 26.37 20.62 21.85 21.62 21.20
Shareholders Funds 273.23 317.61 270.54 291.54 327.73
           
Minority Interests/Other Equity n/a 0.05 0.02 n/a 0.25
Total Equity 273.23 317.66 270.56 291.54 327.98
Cash Flow 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Cash Flow From Operating Activities 50.70 29.27 77.24 (26.17) 27.63
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 (0.04) (19.08) (2.48) 33.27 (1.25)
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 (54.59) (10.66) (74.68) (4.31) (41.92)
Net Increase/Decrease In Cash (3.93) (0.46) 0.08 2.80 (15.54)
Ratios - based on IFRS 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
PE Ratio - Adjusted 8.3 12.2 9.7 9.6 7.6
PEG - Adjusted 0.3 n/a n/a n/a 0.3
Earnings per Share Growth - Adjusted 33% -6% -0% -20% 30%
Dividend Cover 1.26 0.94 1.01 1.01 1.27
Revenue per Share 14.85p 0.14p 14.82p 16.77p 17.26p
Pre-Tax Profit per Share 10.07p 0.077p 8.59p 9.72p 13.31p
Operating Margin 84.83% 71.40% 76.37% 71.90% 82.85%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 8.3 1,209.1 9.7 9.6 7.6
PEG - Adjusted 0.0 n/a n/a n/a 0.3
Earnings per Share Growth - Adjusted 13,103% -99% -0% -20% 30%
Dividend Cover 1.26 0.01 1.01 1.01 1.27
           
Dividend Yield 9.6% 8.7% 10.2% 10.2% 10.4%
Dividend per Share Growth n/a n/a n/a n/a 17.65%
Operating Cash Flow per Share 18.22p 10.52p 27.75p (9.40p) 9.93p
Cash Incr/Decr per Share (1.41p) n/a 0.028p 1.01p (5.58p)
Net Asset Value per Share (exc. Intangibles) 98.19p 114.15p 97.23p 104.77p 117.86p
Net Gearing 28.96% 31.79% 29.45% 36.20% 14.66%

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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