I've been following International Personal Finance (LON:IPF) for a month and had a couple of trades on it - one a winner and one a loser. Currently I've got a small spread bet on it. My reason for investing is that it looked somewhat undervalued with a PE ratio of 1.5. Two weeks ago the price was 35 pence, this morning it has gone over 70 pence. A week ago the volume went up tenfold with a sudden surge of buying. There seems to be some strong interest in this share but I have no idea why. Does anyone know what's going on with International Personal Finance (LON:IPF)?

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