International Personal Finance (IPF)

Sector:

Financials

Index:

FTSE Small Cap

133.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 163.50p
  • 52 Week Low: 100.50p
  • Currency: UK Pounds
  • Shares Issued: 217.27m
  • Volume: 104,509
  • Market Cap: £288.97m
  • RiskGrade: 268

International Personal Finance posts solid first quarter

By Josh White

Date: Thursday 02 May 2024

LONDON (ShareCast) - (Sharecast News) - International Personal Finance announced a solid first-quarter performance on Thursday, with customer lending rising 5% excluding Poland, with demand steadily improving as the quarter progressed.
The London-listed firm said year-on-year net receivables growth came in at 11% at constant exchange rates, excluding Poland, which it put down to robust customer repayment performance and excellent credit quality.

In line with its strategic plans, IPF reported progress in executing its 'Next Gen' strategy, aimed at leveraging sustainable long-term growth opportunities.

It said its proactive measures to adapt its Polish home credit business in response to regulatory developments reflected its commitment to maintaining operational agility and compliance across its markets.

Financially, IPF said it was well-positioned to pursue its growth agenda, with ample headroom on undrawn facilities and non-operational cash balances totaling £174m.

Its plans to refinance the Eurobond due in November 2025 were meanwhile progressing well, the board said.

"We've made a very good start to the year and are progressing well against our 2024 financial plan," said chief executive officer Gerard Ryan.

"We delivered good customer lending and receivables growth in all our markets with the exception of Poland, where our actions to adapt our home credit business to the changing regulatory backdrop continue.

"Credit quality remains excellent across all parts of the group, and this provides us with a strong foundation to accelerate growth through the remainder of the year and capture the substantial long-term growth opportunities through delivery of our Next Gen strategy."

Ryan said the firm had a "very robust" balance sheet and funding position to support its future growth opportunities, adding that it was continuing to engage with fixed income investors to explore options to refinance the group's Eurobond due in November 2025.

"As a diversified, global business with a clear strategy to extend financial inclusion, we are well positioned to deliver further growth and attractive returns to shareholders in 2024 and beyond."

At 0954 BST, shares in International Personal Finance were up 2.82% at 108.47p.

Reporting by Josh White for Sharecast.com.

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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 133.00p
Change Today -2.00p
% Change -1.48 %
52 Week High 163.50p
52 Week Low 100.50p
Volume 104,509
Shares Issued 217.27m
Market Cap £288.97m
RiskGrade 268

IPF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.60% above the market average95.60% above the market average95.60% above the market average95.60% above the market average95.60% above the market average
83.49% above the sector average83.49% above the sector average83.49% above the sector average83.49% above the sector average83.49% above the sector average
Price Trend
68.84% above the market average68.84% above the market average68.84% above the market average68.84% above the market average68.84% above the market average
66.37% above the sector average66.37% above the sector average66.37% above the sector average66.37% above the sector average66.37% above the sector average
Income
98.13% above the market average98.13% above the market average98.13% above the market average98.13% above the market average98.13% above the market average
96.92% above the sector average96.92% above the sector average96.92% above the sector average96.92% above the sector average96.92% above the sector average
Growth
2.87% above the market average2.87% above the market average2.87% above the market average2.87% above the market average2.87% above the market average
18.45% above the sector average18.45% above the sector average18.45% above the sector average18.45% above the sector average18.45% 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
  Interim Final
Ex-Div 29-Aug-24 11-Apr-24
Paid 27-Sep-24 10-May-24
Amount 3.40p 7.20p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 44,928 @ 133.00p
16:35 1,120 @ 133.00p
16:35 287 @ 133.00p
16:35 731 @ 133.00p
16:35 857 @ 133.00p

IPF Key Personnel

CEO Gerard Ryan
Chair Stuart Sinclair
CFO Gary Thompson

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