Recent Insider Transactions • May 14
CEO & Executive Director recently sold UK£561k worth of stock On the 11th of May, Gerard Ryan sold around 227k shares on-market at roughly UK£2.48 per share. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gerard's only on-market trade for the last 12 months. Announcement • May 03
International Personal Finance plc Approves Final Dividend International Personal Finance plc announced that at its AGM held on April 30, 2025, the shareholders approved final dividend of 9.0 pence per ordinary share. Announcement • Mar 21
International Personal Finance plc, Annual General Meeting, Apr 30, 2026 International Personal Finance plc, Annual General Meeting, Apr 30, 2026. Location: 26 whitehall road, ls12 1be, leeds United Kingdom Upcoming Dividend • Mar 19
Upcoming dividend of UK£0.09 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.5%). New Risk • Feb 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Feb 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: UK£0.25 (down from UK£0.27 in FY 2024). Revenue: UK£737.5m (up 1.5% from FY 2024). Net income: UK£54.2m (down 11% from FY 2024). Profit margin: 7.3% (down from 8.4% in FY 2024). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 25
International Personal Finance plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 8 May 2026 Based on the Group's capital strength and the Board's confidence in its outlook, International Personal Finance plc declared a 12.5% increase in the proposed final dividend to 9.0 pence per share for the year ended 31 December 2025 (2024: 8.0 pence), in line with the Group's progressive dividend policy. Together with the 2025 interim dividend of 3.8 pence per share (2024: 3.4 pence), the total dividend for 2025 has increased by 12.3%. The final dividend will be paid on 8 May 2026 to shareholders on the register at the close of business on 27 March 2026. The shares will be marked ex-dividend on 26 March 2026. New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Aileen Wallace was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 11
Now 21% undervalued Over the last 90 days, the stock has risen 5.8% to UK£2.10. The fair value is estimated to be UK£2.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 9.9%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to decline by 7.4% in the next 2 years. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued Over the last 90 days, the stock has risen 16% to UK£2.07. The fair value is estimated to be UK£2.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 9.9%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to decline by 7.4% in the next 2 years. Price Target Changed • Sep 25
Price target increased by 9.8% to UK£2.05 Up from UK£1.87, the current price target is provided by 1 analyst. New target price is 6.0% below last closing price of UK£2.18. The company is forecast to post earnings per share of UK£0.25 for next year compared to UK£0.27 last year. Buy Or Sell Opportunity • Aug 27
Now 21% undervalued Over the last 90 days, the stock has risen 30% to UK£2.08. The fair value is estimated to be UK£2.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 9.9%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to decline by 7.4% in the next 2 years. Upcoming Dividend • Aug 21
Upcoming dividend of UK£0.038 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of British dividend payers (5.4%). Higher than average of industry peers (4.8%). Buy Or Sell Opportunity • Aug 10
Now 20% undervalued Over the last 90 days, the stock has risen 41% to UK£2.10. The fair value is estimated to be UK£2.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 9.9%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to decline by 7.4% in the next 2 years. Declared Dividend • Aug 01
First half dividend increased to UK£0.038 Dividend of UK£0.038 is 12% higher than last year. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 5.6%, which is lower than the industry average of 8.2%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 31
International Personal Finance plc Announces Interim Dividend for the Six Months Ended June 30, 2025 International Personal Finance plc announced interim dividend for the six months ended June 30, 2025. For the period, the company announced Interim dividend of 3.8 pence (H1-24: 3.4 pence) per share, an increase of 11.8%, in line with their policy of paying 33% of their prior year full dividend per share at the half year. Announcement • Jul 30
International Personal Finance Is in Advanced Discussions with BasePoint Capital The Board of International Personal Finance plc (LSE:IPF) announced that it is in advanced discussions with BasePoint Capital LLC ("BasePoint"), regarding a possible cash offer by a wholly-owned subsidiary of BP PMKN LLC, an entity in the BasePoint group, to acquire the entire issued and to be issued share capital of IPF (the "Possible Offer"). Under the terms of the Possible Offer IPF shareholders would receive cash consideration of 220 pence per IPF share and would be entitled to retain the interim dividend of 3.8 pence per IPF share, announced by the Company in relation to the period ended 30 June 2025 (the "Interim Dividend"). Accordingly, the Possible Offer represents a total value of 223.8 pence per share to IPF shareholders. The total value of the Possible Offer (including the Interim Dividend) represents a premium of approximately: 24.9% to the closing share price on 29 July 2025 (being the latest date prior to the commencement of the offer period); 38.3% to the three-month volume-weighted average share price on 29 July 2025; 54.3% to the six-month volume-weighted average share price on 29 July 2025; and 54.2% to the twelve-month volume-weighted average share price on 29 July 2025. The Board is confident in its strategy and in the Company's standalone future, recognising the strong performance to date outlined in the 2025 Half Year Results released. However, it has carefully considered the Possible Offer with its advisers and has concluded that the Possible Offer is at a value that the Board would be minded to recommend unanimously to IPF shareholders, should a firm intention to make an offer pursuant to Rule 2.7 of the Code be announced on such financial terms, subject to the agreement of all other terms and conditions of an offer. Accordingly, the Board is in advanced discussions with BasePoint in relation to these terms and other transaction documentation, following completion of due diligence satisfactory to BasePoint. The Possible Offer is subject to satisfaction or waiver of a number of customary pre-conditions, including agreement of definitive transaction documentation. There can be no certainty that any firm offer for IPF will be made even if the pre-conditions are satisfied or waived. A further announcement will be made in due course. For the purposes of Rule 2.5(a) of the Code, this announcement has been made with the consent of BasePoint. In accordance with Rule 2.5(a) of the Code, BasePoint reserves the right to make an offer for IPF at a lower value or on less favourable terms than the Possible Offer: with the agreement or recommendation of the Board of IPF; if a third party announces a firm intention to make an offer for IPF which, at that date, is of a value less than the value of the Possible Offer; or following the announcement by IPF of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code). If IPF declares, makes or pays any dividend or distribution or other return of value or payment to its shareholders other than the Interim Dividend of 3.8 pence per IPF share announced by the Company, BasePoint reserves the right to make an equivalent reduction to the Possible Offer. In connection with the possibility of BasePoint making a cash offer for IPF (if it were so inclined), BasePoint reserves the right to vary the form and /or mix of the consideration it would offer in accordance with Rule 2.5(a) of the Code. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£2.15, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.53 per share. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£1.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.83 per share. Upcoming Dividend • Apr 03
Upcoming dividend of UK£0.08 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 12 May 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 7.6%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (6.4%). Declared Dividend • Feb 28
Final dividend increased to UK£0.08 Dividend of UK£0.08 is 11% higher than last year. Ex-date: 10th April 2025 Payment date: 12th May 2025 Dividend yield will be 8.7%, which is higher than the industry average of 8.2%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (dividend approximately 41x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: UK£0.27 (up from UK£0.21 in FY 2023). Revenue: UK£726.3m (down 5.4% from FY 2023). Net income: UK£60.9m (up 27% from FY 2023). Profit margin: 8.4% (up from 6.3% in FY 2023). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 26
International Personal Finance plc Proposes Final Dividend, Payable on May 12, 2025 International Personal Finance plc proposed increase of 11.1% in the final dividend to 8.0p per share (2023: 7.2p), resulting in full-year dividend growth of 10.7% to 11.4p per share (2023: 10.3p). Subject to shareholder approval, the 2024 final dividend will be paid on 12 May 2025 to shareholders on the register at the close of business on 11 April 2025. The shares will be marked ex-dividend on 10 April 2025. Announcement • Nov 12
International Personal Finance plc to Report First Half, 2025 Results on Jul 30, 2025 International Personal Finance plc announced that they will report first half, 2025 results on Jul 30, 2025 Upcoming Dividend • Aug 22
Upcoming dividend of UK£0.034 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (5.9%). Announcement • Aug 06
International Personal Finance plc (LSE:IPF) commences an Equity Buyback for 22,414,959 shares, representing 10% of its issued share capital, under the authorization approved on May 2, 2024. International Personal Finance plc (LSE:IPF) commences share repurchases on August 5, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 2, 2024. As per the mandate, the company is authorized to repurchase up to 22,414,959 shares, representing 10% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange plc Daily Official List for five business days immediately preceding the day on which that Share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time. The minimum price which may be paid for an ordinary share is the nominal value of the share. The repurchased shares will be cancelled or held as treasury shares. The authority shall expire at the earliest of the next Annual General Meeting, or on June 30, 2025. As of March 15, 2024, the company had 224,149,599 issued and outstanding shares and had 10,094,838 treasury shares.
On July 31, 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to £15 million worth of its shares, through non-discretionary agreement entered into with the company’s broker. The purpose of the program is to return additional capital to shareholders and reduce the company’s share capital. The repurchased shares will be cancelled. Price Target Changed • Aug 06
Price target increased by 7.5% to UK£1.90 Up from UK£1.77, the current price target is an average from 3 analysts. New target price is 29% above last closing price of UK£1.48. Stock is up 18% over the past year. The company is forecast to post earnings per share of UK£0.18 for next year compared to UK£0.21 last year. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: UK£0.088 (vs UK£0.084 in 1H 2023) First half 2024 results: EPS: UK£0.088 (up from UK£0.084 in 1H 2023). Revenue: UK£371.7m (down 2.2% from 1H 2023). Net income: UK£19.7m (up 5.3% from 1H 2023). Profit margin: 5.3% (up from 4.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 02
First half dividend increased to UK£0.034 Dividend of UK£0.034 is 9.7% higher than last year. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 7.0%, which is lower than the industry average of 8.2%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 1.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 13
International Personal Finance plc to Report Fiscal Year 2024 Results on Feb 26, 2025 International Personal Finance plc announced that they will report fiscal year 2024 results on Feb 26, 2025 Announcement • May 03
International Personal Finance plc Declare A Final Dividend International Personal Finance plc declared a final dividend of 7.2p per ordinary share. Announcement • May 02
International Personal Finance plc Announces Board Committee Membership Changes, Effective May 3, 2024 International Personal Finance plc announced that Katrina Cliffe will step down from the Audit and Risk Committee and join the Remuneration Committee and Aileen Wallace will step down from the Remuneration Committee and join the Audit & Risk Committee and the Nominations and Governance Committee, effective May 3, 2024. The membership of the Board Committees with effect from 3 May 2024 will be as follows: Audit and Risk Committee: Richard Holmes (Chair), Deborah Davis and Aileen Wallace. Remuneration Committee: Deborah Davis (Chair), Stuart Sinclair, Richard Holmes and Katrina Cliffe and Nominations and Governance Committee: Stuart Sinclair (Chair), Aileen Wallace, Richard Holmes, Deborah Davis and Katrina Cliffe. Recent Insider Transactions Derivative • Apr 08
CEO & Executive Director exercised options and sold UK£417k worth of stock On the 4th of April, Gerard Ryan exercised options to acquire 382k shares at no cost and sold these for an average price of UK£1.09 per share. This trade did not impact their existing holding. For the year to December 2017, Gerard's total compensation was 24% salary and 76% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Gerard has owned 1.46m shares directly. Company insiders have collectively sold UK£360k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Apr 04
Upcoming dividend of UK£0.072 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 9.4%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (7.7%). Declared Dividend • Mar 17
Final dividend increased to UK£0.072 Dividend of UK£0.072 is 11% higher than last year. Ex-date: 11th April 2024 Payment date: 11th May 2024 Dividend yield will be 9.0%, which is higher than the industry average of 8.2%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 2.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 15
Price target decreased by 8.2% to UK£1.95 Down from UK£2.13, the current price target is an average from 3 analysts. New target price is 74% above last closing price of UK£1.12. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.21 last year. Announcement • Mar 15
International Personal Finance plc Declares Final Dividend, Payable on 10 May 2024 International Personal Finance plc declared a 10.8% increase in the final dividend to 7.2 pence per share (2022: 6.5 pence). This is in line with progressive dividend policy and brings the full-year dividend to 10.3 pence per share (2022: 9.2 pence), an increase of 12.0% on 2022 and representing a pre-exceptional payout rate of 44% (2022: 44%). As previously communicated, the payout rate is modestly above target of 40% as utilize strong capital base whilst rebuilding RoRE to target level of 15%.Subject to shareholder approval, the final dividend will be paid on 10 May 2024 to shareholders on the register at the close of business on 12 April 2024. The shares will be marked ex-dividend on 11 April 2024. Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: UK£0.21 (down from UK£0.26 in FY 2022). Revenue: UK£767.8m (up 19% from FY 2022). Net income: UK£48.0m (down 16% from FY 2022). Profit margin: 6.3% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 26
International Personal Finance plc Announces Executive Changes, Effect from 1 December 2023 The Board of IPF announced that Katrina Cliffe will succeed Richard Holmes as Senior Independent Director with effect from 1 December 2023. Richard will remain Chair of the Audit and Risk Committee and as a member of the Nominations & Governance Committee and Remuneration Committee. Katrina Cliffe joined the Board on 1 August 2022 as a Non-Executive Director. Katrina is also Board workforce engagement lead and previously held the position of Senior Independent Director at HomeServe plc. Announcement • Sep 27
International Personal Finance plc to Report Q3, 2023 Results on Oct 26, 2023 International Personal Finance plc announced that they will report Q3, 2023 results on Oct 26, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of UK£0.031 per share at 8.2% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of British dividend payers (6.3%). Higher than average of industry peers (6.8%). Announcement • Aug 02
International Personal Finance plc Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on 29 September 2023 International Personal Finance plc declares a 15% increase in the interim dividend to 3.1 pence per share for the six months ended 30 June 2023. The interim dividend will be paid on 29 September 2023 to shareholders on the register at the close of business on 1 September 2023. The shares will be marked ex-dividend on 31 August 2023. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS UK£0.046 (vs UK£0.30 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: UK£132.0m (down 20% from 2Q 2020). Net income: UK£10.3m (up UK£76.8m from 2Q 2020). Profit margin: 7.8% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Price Target Changed • Jun 16
Price target increased to UK£1.74 Up from UK£1.60, the current price target is an average from 4 analysts. New target price is 22% above last closing price of UK£1.43. Stock is up 137% over the past year. Recent Insider Transactions Derivative • Jun 06
CFO & Executive Director exercised options and sold UK£119k worth of stock On the 2nd of June, Justin Lockwood exercised options to acquire 91k shares at no cost and sold these for an average price of UK£1.31 per share. This trade did not impact their existing holding. Since September 2020, Justin's direct individual holding has increased from 89.92k shares to 98.20k. Company insiders have collectively sold UK£306k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 20
CFO & Executive Director exercised options and sold UK£31k worth of stock On the 12th of May, Justin Lockwood exercised options to acquire 23k shares at no cost and sold these for an average price of UK£1.33 per share. This trade did not impact their existing holding. Since September 2020, Justin's direct individual holding has increased from 89.92k shares to 98.20k. Company insiders have collectively sold UK£187k more than they bought, via options and on-market transactions in the last 12 months. Executive Departure • May 04
Independent Non-Executive Director has left the company On the 29th of April, Cathryn Riley's tenure as Independent Non-Executive Director ended after 7.2 years in the role. As of December 2020, Cathryn personally held only 14.80k shares (UK£12k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 04
Senior Independent Non Executive Director has left the company On the 29th of April, Richard Moat's tenure as Senior Independent Non Executive Director ended after 8.8 years in the role. As of December 2020, Richard personally held only 15.00k shares (UK£12k worth at the time). A total of 2 executives have left over the last 12 months. Price Target Changed • May 04
Price target increased to UK£1.58 Up from UK£1.39, the current price target is an average from 3 analysts. New target price is 24% above last closing price of UK£1.28. Stock is up 169% over the past year. Recent Insider Transactions Derivative • Apr 18
CEO & Executive Director exercised options and sold UK£156k worth of stock On the 15th of April, Gerard Ryan exercised options to acquire 126k shares at no cost and sold these for an average price of UK£1.24 per share. This trade did not impact their existing holding. For the year to December 2020, Gerard's total compensation was 79% salary and 21% non-salary. Since September 2020, Gerard has owned 1.26m shares directly. This was the only transaction from an insider over the last 12 months. Reported Earnings • Mar 26
Full year 2020 earnings released: UK£0.29 loss per share (vs UK£0.32 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£661.3m (down 26% from FY 2019). Net loss: UK£64.2m (down 189% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 19
Price target increased to UK£1.44 Up from UK£1.31, the current price target is an average from 3 analysts. New target price is 36% above last closing price of UK£1.05. Stock is up 40% over the past year. Is New 90 Day High Low • Mar 06
New 90-day high: UK£1.03 The company is up 5.0% from its price of UK£0.98 on 04 December 2020. The British market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.80 per share. Reported Earnings • Mar 04
Full year 2020 earnings released: UK£0.29 loss per share (vs UK£0.32 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£661.3m (down 26% from FY 2019). Net loss: UK£64.2m (down 189% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 1.3%, compared to a 55% growth forecast for the Consumer Finance industry in the United Kingdom. Price Target Changed • Dec 17
Price target lowered to UK£1.47 Down from UK£1.72, the current price target is an average from 3 analysts. The new target price is 66% above the current share price of UK£0.89. As of last close, the stock is down 46% over the past year. Is New 90 Day High Low • Dec 04
New 90-day high: UK£0.98 The company is up 44% from its price of UK£0.68 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.90 per share. Is New 90 Day High Low • Nov 13
New 90-day high: UK£0.77 The company is up 9.0% from its price of UK£0.71 on 14 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.90 per share. Major Estimate Revision • Oct 16
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -UK£0.35 to -UK£0.29. No change was made to the revenue estimate which at the last update was UK£673.2m. The Consumer Finance industry in the United Kingdom is expected to see a 32% decline in net income next year. The consensus price target of UK£1.72 was unchanged from the last update. Share price is up 7.8% to UK£0.57 over the past week. Price Target Changed • Oct 15
Price target lowered to UK£1.72 Down from UK£2.21, the current price target is an average from 2 analysts. The new target price is 200% above the current share price of UK£0.57. As of last close, the stock is down 47% over the past year. 
