International Personal Finance (IPF)

Sector:

Financials

Index:

FTSE Small Cap

143.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 155.40
  • 52 Week Low: 45.55
  • Currency: UK Pounds
  • Shares Issued: 223.77m
  • Volume: 40,557
  • Market Cap: £320.44m
  • RiskGrade: 268

IPF predicts quicker rebound as bad debt trend improves

By Sean Farrell

Date: Thursday 29 Apr 2021

LONDON (ShareCast) - (Sharecast News) - International Personal Finance said profitability would recover faster than expected as the company's bad debt charge came in lower than expected.
The doorstep lender said it had a solid first quarter with strong collections reducing impairment costs as a percentage of revenue by 5.2 percentage points to 32.2%. Credit issued shrank by 18% in the three months to the end of March but that contraction was less severe than the 31% in the final quarter of 2020.

IPF said it was relaxing its credit settings and rebuilding its receivables as vaccinations are rolled out and Covid-19 restrictions are lifted in its markets. IPF carries out doorstep lending in Poland, Lithuania and the Czech Republic and has digital loan businesses in markets including Spain, Mexico and Australia.

"The faster than anticipated improvement in impairment in Q1 is expected to result in a lower full-year impairment charge and a stronger rebound in profitability in 2021 than originally planned, the company said in a trading update.

IPF said it was still cautious about the outlook because of the unpredictability of the pandemic and with frequent changes in lockdown restrictions that affect short-term demand for consumer credit. The company also said Chief Financial Officer Justin Lockwood would leave in July to become the CFO of Marshalls.

Shares of IPF rose 5.7% to 127.91p at 13:21 BST.



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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 143.20p
Change Today 1.20p
% Change 0.85 %
52 Week High 155.40
52 Week Low 45.55
Volume 40,557
Shares Issued 223.77m
Market Cap £320.44m
RiskGrade 268

IPF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.35% above the market average83.35% above the market average83.35% above the market average83.35% above the market average83.35% above the market average
51.88% above the sector average51.88% above the sector average51.88% above the sector average51.88% above the sector average51.88% above the sector average
Price Trend
84.11% above the market average84.11% above the market average84.11% above the market average84.11% above the market average84.11% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
69.14% above the market average69.14% above the market average69.14% above the market average69.14% above the market average69.14% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Growth
35.45% below the market average35.45% below the market average35.45% below the market average35.45% below the market average35.45% below the market average
60.33% below the sector average60.33% below the sector average60.33% below the sector average60.33% below the sector average60.33% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_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 Interim
Ex-Div 02-Sep-21 05-Sep-19
Paid 01-Oct-21 04-Oct-19
Amount 2.20p 4.60p

Trades for 28-Sep-2021

Time Volume / Share Price
10:57 8,908 @ 139.91p
10:53 101 @ 143.20p
10:53 200 @ 143.20p
10:53 192 @ 143.20p
10:53 508 @ 143.20p

IPF Key Personnel

CEO Gerard Ryan
Chair Stuart Sinclair

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