International Personal Finance: Why is the price rising so fast?

8th Jun '20 by William K

35 comments 1692 reads

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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About the Author

William K

Premium Member

Professional Spread Bettor

35 comments

UK_Investor_8888

14th Aug '20

Aberdeen Standard Life upped their controlling share slightly to 12% yesterday.

If the big fish are increasing, that's probably good.

My future will be very dependent on how IPF goes but it looks mostly good.

They did some refinancing in Spring with one more credit facility still to renew early next year. I think it is unlikely that this won't renew.

There is one small Shorter with <1% showing.

William K

15th Aug '20

The next 3 weeks will be critical. Interest from big fish is important. Technically, International Personal Finance (LON:IPF) is still in a downtrend and this will be putting off many retailers who will be waiting for more evidence of an upturn and good news.

William K

17th Nov '20

International Personal Finance (LON:IPF) is now at 82.7 pence, its highest price since 30th March, and seems to be on a strong climb after some good news on 14th October that it is now profitable again. The price has pushed strongly up through the 200 MA (which is still sloping downwards. It's a high risk share, but I've bought a small stake in anticipation that the price could rise to 100 pence by Christmas.

UK_Investor_8888

17th Nov '20

Exciting, Wilkonz.

I have my lifetime largest ever (paper) profit currently sitting in International Personal Finance (LON:IPF) (beating my Plus500 (LON:PLUS) past position).

We are going to 100p. All Green on the chart at the moment. I think 140p is realistic.

EVRAZ (LON:EVR) looking good today along with Apax Global Alpha (LON:APAX) and Central Asia Metals (LON:CAML).

William K

17th Nov '20

Hi UK_Investor_888. Yes, it's exciting. I remember your astronomical stake (£160K) and was thinking you'd be glad to get out at 74 before the price dived again! (Incidentally, I sold Evraz (LON:EVR) at a small loss when it didn't go up fast from 350 but it's looking good now.) The International Personal Finance (LON:IPF) price could go back up to 140 but once it hits 100, I'll stick in a stop loss and settle for 20%. It's got a nasty habit of retracing for no good reason.

Phuntt

17th Nov '20

I know nothing about International Personal Finance (LON:IPF) except what I’ve read about their previous troubles. This thread caught my eye though and I read down through the chat. I can’t help noting Wilkonz last post of Aug 14th - talk about calling the shot. International Personal Finance (LON:IPF) had a modest retrench followed by a sharp spike - nailed it brother

UK_Investor_8888

18th Nov '20

International Personal Finance (LON:IPF) has a trading update today.

I am not attempting to interpret it, although the most important factor is that they have refinanced their corporate bond until 2025 and therefore have the means to grow the business. They are cautious in their tone, but also mention the words "growth".

IPF so far up a whopping 8% today.

Mostly green on the chart. Some people seem to have taken profits @90p. A mate of mine has turned £500 into £1000 and has sold feeling very good with himself.

Anyone suggest whether its going to be higher or lower?

So far, I am holding firm, looking for the 100p breakthrough.

William K

18th Nov '20

Arguments for holding International Personal Finance (LON:IPF) -

1. Strong momentum + breakout - it's rocketed up through the 200 day MA and broken out of an 8 month trading range.

2. The short sellers will be panic buying

3. 'Good news'

4. Looks heavily undervalued

5. The covid vaccine is making everyone bullish.

Arguments for selling now and grabbing a quick profit before it vanishes:

1. The 200 MA is in a downtrend

2. It's a volatile high risk security

3. Even a whiff of bad news could halve the price overnight.

4. Not much volume increase to support the price increase.

My plan is to hold. I wouldn't use a stop loss on this one at present as the price can move 20-30% in either direction, and support is around the 59 pence mark. My short term target is 100 pence at which time I'll lock in my profit with a stop loss. I'm psychologically prepared for the usual retracements and I'll ignore them. As they say in the SAS: 'Who dares wins'.

For what it's worth, the Ichimoku Cloud has the price well above the cloud which I'm told is a. good thing, although I can't claim any great understanding of this kind of chart.

William K

8th Mar '21

We have the new 100 pence breakthrough after a couple of uncertain months. Hopefully the price will continue rising. No immediate plans to sell.

UK_Investor_8888

8th Mar '21

Afternoon Wilkonz, I know. Its exciting. Only riser on my book today.

Volume is a little thin, which make me uneasy. I think its going to be a nightmare to sell out if I tried, easier to sit and hope, and if we're lucky Dividends may kick in at the end of this year or early next.

UK_Investor_8888

11th Mar '21

International Personal Finance (LON:IPF) now StockRank of 93 and "Super Stock" status (my highest ranking holding now). The price has been holding above the 100p to 108p all week which is most encouraging.

William K

11th Mar '21

Yes. This is encouraging. I think this is a high quality stock and could climb back to the heights of a year ago. There will be setbacks along the way, as we both know, but unless there's any seriously bad news I have pencilled in 150 pence as a target. On the technical side it's just climbed out of a Darvos box. And when it starts paying dividends at 4% it could become very attractive to longer term investors. (PS You must be delighted with your Evraz (LON:EVR) - I'm still kicking myself for selling out at 325.)

UK_Investor_8888

12th Mar '21

Morning Wilkonz,

Alas I sold my EVRAZ (LON:EVR) @544p 2 weeks ago missing out on the stock topping out @600p and the dividend (- to pay for my new house). (Crystallised £102K profit in one day.)

I am appalled at my decision to sell my strongest shares EVRAZ (LON:EVR) Central Asia Metals (LON:CAML) and Apax Global Alpha (LON:APAX) (but the money is spent so needed to).

Only ray of sunshine is that EVRAZ (LON:EVR) has softened to 570p.

I'll be back in the future for EVRAZ (LON:EVR) when she weakens like after the next Correction/Crisis/Lockdown which most people think will happen.

My thinking is that only God, earthquake, The Luftwaffe, etc, can take away my new house.

Its been an amazing a year... I am a lottery winner... and anyone doing the same would have won the same.

William K

12th Mar '21

I guess the reason we invest is to buy things like houses, vintage cars, works of art and other essentials, although sometimes I wonder if I'm investing just for the sake of it... it gets addictive after a while. Good decision to go for a bit of real estate and may you have many happy years living in it.

UK_Investor_8888

12th Mar '21

I am also "long" on International Personal Finance (LON:IPF) currently up 80% on a £240K investment.

I concur... looking for above 150p. It could well be a market-leading quality cash generative company for the long term.

Its great to know I'm parking half of my wealth outside the markets. What a bumpy ride we've all had! If anything happens to me (like falling off the ladder installing my Ethernet cable on the new pad), I've said my house goes to my sister and nephew! They wouldn't know what to do with shares!

UK_Investor_8888

12th Mar '21

"vintage cars, works of art "

English Electric Class 37 on my wishlist!

William K

9th Apr '21

International Personal Finance (LON:IPF) has just broken out of a range and there's no obvious overhead resistance. The relative strength is encouraging. Unfortunately there's no volume surge to to add conviction to the price move and it could all fizzle out. I won't be topping up just yet, but at 120 it could be very interesting.

Harry Hindsight

4th Jun '21

The ol 'bricks and mortar' - but unfortunately more likely timber frame and plasterboard and/or combustible cladding.

Phil O.

4th Jun '21

Evraz: Recent news...Russia plan to increase taxes spooked me,

''Russian metals producers could face a demand to pay 100
billion roubles ($1.4 billion) in additional tax, First Deputy
Prime Minister Andrei Belousov said..'' (31 May RNS)

hence I thought I'd hop off the bus, wait and see - can always jump back if Belousov is firing blanks.

William K

11th Aug '21

Finally hit the 150 mark, albeit on low volume. The weekly MACD is looking favourable. No immediate plans to sell

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International Personal Finance: Why is the price rising so fast?

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William K

35 comments

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