The company also recently announced a dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, September 3rd will be paid a GBX 4.60 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a yield of 1.19%.
In related news, insider Broadbent,David sold 47,644 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of GBX 399 ($6.16), for a total transaction of £190,099.56 ($293,635.40).
International Personal Finance Plc is engaged in international home credit business. The Company serves approximately 2.6 million customers and operates the Provident...
Milan, September 17, 2015 — Non-banks (including insurers and funds) can add some fire-power
to European policy makers initiatives to fund small businesses
by packaging their loans into structured deals, according to Moodys
Investors Service in a report published today. However, information
asymmetry can expose such deals to a potential misalignment of interest
between investors and portfolio managers.
Securitisation enables investors, such as insurers and pension
funds, to transform their investments into more liquid instruments
and to align their risk appetite, owing to the tranching of issued
notes, observes Monica Curti,...
The Consumer Protection (Regulation of Credit Servicing Firms)
Act 2015 (the Act) became law on the
8th July, 2015. The Act amends Part V of the Central Bank Act 1997
and has the effect of introducing a new regulatory framework for
entities engaged in the holding or servicing of cash loans to
Relevant Borrowers (as defined below).
Over the past number of
years the Irish market for loan portfolio sales has been very
active, with Irish financial institutions and the National Asset
Management Agency engaged in on-going programmes of deleveraging of
their loan books. This process has raised some concerns, as many
purchasers of these...
Sasfin Holdings said on Wednesday headline earnings were up by 16.5% and total assets had increased by 33% in the year to June in an economy it described as suffering from “stagflation”.
Headline earnings were up from R154 million to R180 million and total assets increased from R8.2 billion to R10.9 billion in the year under review. Headline earnings per share also came in 16.5% higher at 566.74 cents. A total dividend of 222.73 cents was declared, representing a 16.5% increase on the 191.11 cents declared the year before.
Sasfin noted that South Africa’s terms of trade had been badly affected by factors including a collapse in commodity prices,...
Several analysts have commented on the company rating. Equity Analysts at the Macquarie maintains the rating on Encore Capital Group Inc (NASDAQ:ECPG). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $52 per share to $54 per share. The rating by the firm was issued on August 11, 2015.
Encore Capital Group Inc (NASDAQ:ECPG) rose 0.05% or 0.02 points on Wednesday and made its way into the gainers of the day. After trading began at $37.53 the stock was seen hitting $37.86 as a peak level and $35.31 as the lowest level. The stock ended up at $37.41. The daily volume was measured at 376,289 shares. The 52-week...
(The following statement was released by the rating agency)
FRANKFURT/MILAN/LONDON, September 16 (Fitch) Fitch Ratings has
retailer Financiere IKKS SAS. (IKKS) Issuer Default Rating
(IDR) to B- from
B. The Outlook is Stable.
Fitch has also downgraded HoldIKKS SAS. senior secured notes
to B from B+
and IKKS Group SAS.s super senior revolving credit facility
(RCF) to B+
The downgrades are based on our review of the companys new
business plan, which
will see the pace of store openings and profit growth materially
leading to limited growth of funds from operations (FFO).
Most of the companies that Moody’s downgraded are in Brazil. Waning Chinese demand for key commodities appears to be the key culprit. As the export stopped, major currencies in the region declined in value.
Now, with the US Federal Reserve moving closer to hike interest rates, investors will likely pull capital back to the US, reversing the conditions that drove investment into Latin America.
In general, Mexico, Chile and Peru are better positioned to face the global headwinds, given their modestly improving economies. But in Brazil we foresee weak credit conditions for issuers across the board, as the country navigates through poor economic performance and political...
The company shares have dropped -13.39% from its 1 Year high price. On Nov 7, 2014, the shares registered one year high at $46.18 and the one year low was seen on Sep 9, 2015. The 50-Day Moving Average price is $40.38 and the 200 Day Moving Average price is recorded at $41.17.
Many analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Macquarie , maintains their rating on the shares of Encore Capital Group Inc (NASDAQ:ECPG). Macquarie has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $54 per share from a prior target of $52. The rating by the firm was issued on August 11, 2015.
The Standard amp; Poor’s 500 Index gained 0.6 percent to 1,953 at 12:39 pm in New York, after falling 1.4 percent yesterday. The Dow Jones Industrial Average added 82.74 points, or 0.5 percent to 16,336.31. The Nasdaq Composite Index rose 0.9 percent. Trading in Samp;P 500 companies was 9 percent below the 30-day average for this time of day.
“It’s a lack of volume or liquidity in the market because there is just not a lot going on,” said Dan McMahon, director of institutional equity trading at Raymond James and Associates. “People are on the sidelines and you get these violent moves and you don’t know what’s behind them, there’s...
Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $0.34 by $0.02. On average, equities analysts predict that Blackstone Mortgage Trust will post $2.26 EPS for the current fiscal year.
Blackstone Mortgage Trust, Inc. is a holding company. The Company is a real estate investment trust (NYSE:BXMT), which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy...