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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Non-Standard Finance plc    NSF   GB00BRJ6JV17

NON-STANDARD FINANCE PLC

(NSF)
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Non Standard Finance : NSF says needs to raise capital as COVID-19 curbs pressure lending

02/23/2021 | 02:48am EST

(Reuters) - Non-Standard Finance needs to raise new capital to stave off future covenant breaches and to address uncertainties about its going concern status, the London-listed subprime lender said on Tuesday, as extended COVID-19 lockdowns hit lending volumes.

Net loan book at 2020-end was down by a third compared to 2019.

The tiered lockdowns reduced lending volumes in November and December after a strong pick-up in volume during August, September and October with new cash issued running at 10 million pounds per month that stabilised the loan book, NSF said.

The company last October posted a pretax loss for the six-month period and said it would re-engage with major investors about an equity raise.

The company then also said its largest shareholder, Alchemy, was supportive of a substantial equity issue.

However, NSF said it expected demand to jump as the economy opens up, adding "there may also be opportunities to take advantage of some competitors contracting their business in this sector."

(Reporting by Muvija M in Bengaluru; Editing by Sriraj Kalluvila)


© Reuters 2021
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Financials
Sales 2020 171 M 242 M 242 M
Net income 2020 -112 M -159 M -159 M
Net Debt 2020 261 M 369 M 369 M
P/E ratio 2020 -0,16x
Yield 2020 -
Capitalization 17,5 M 24,7 M 24,7 M
EV / Sales 2020 1,62x
EV / Sales 2021 1,91x
Nbr of Employees 887
Free-Float 60,9%
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Technical analysis trends NON-STANDARD FINANCE PLC
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Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 6,55 GBX
Last Close Price 5,60 GBX
Spread / Highest target 80,4%
Spread / Average Target 17,0%
Spread / Lowest Target -46,4%
EPS Revisions
Managers and Directors
NameTitle
John Philip de Blocq van Kuffeler Group Chief Executive Officer & Director
Jono Gillespie Group Chief Financial Officer & Director
Charles Henry Gregson Non-Executive Chairman
Heather Jane McGregor Independent Non-Executive Director
Niall Scott Kilgour Booker Senior Independent Non-Executive Director
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